RE: Circular25 Apr 2023 20:48
Thanks MyIPA. Do you mean the company CAN'T draw down under the sp of 16p even if it's been voted in favour of them taking the second tranche of RF funding? Sorry if I'm being dim but after reflecting on what I've read it looks more like RF will withhold the £300k from being drawn down should the sp, daily liquidity or VWAP fall below certain levels. Is that actually RF protecting themselves from lending money to GDR if investors are clearly pulling away?
In some ways that makes me feel slightly better about this deal. However, I could just simply have misunderstood it all.
DEVOTE funding is the next thing to help give our sp a kick up the proverbial and, assuming it lands, we really, really need Budd to have something else positive to say shortly afterwards in order to help maintain the sp or it will once again just slowly drop.
Fingers crossed this is due another recovery very soon