Member Info for sandcrab

'What can this possibly refer to except the sale of Vast's 25% stake in Pickstone Peerless to SSGI to cover Vast's $3.4m debts to SSGI? '

TbtT, one understands that you've been trying to drive the price down

What it refers to is that the original repayment date of 2021, subsequently brought forward for Mercuria, is being discussed further

But then you knew that

Pessimist !!

'all just seems a bit strange that someone will lend money against a security we don't even own. That's not to say a lender's

Next time you buy a house with a bank mortgage from someone with an existing mortgage, you should explain your concerns to your bank, and advise them not to proceed because ' they will lending money against a security you don't even own'

Trolls getting desperate now, lashing themselves

Mate, you derisked. Nothing wrong with that. No bell rings at the bottom or the top

Most investors miss out on the first and last 10% anyway

As Nathan Rothschild said ' bought too late. Sold too early. Grew richer '

Pepsi, my understanding is that AP is looking for funds from the offtakers to minimise any dilution

As to the diamonds, it is intended to finance this through loan, with the shares as collateral

It is only dilution if the shares are sold following a default. Otherwise the shares go back into Treasury

To say he expected them is obviously no more than a pious hope, and is obviously not RNSable

People have been expecting something on this since the ZANU conference

You may be right, FTB, but to go into BOD would mean researching their other assets/ liabilities, which frankly I can't be arsed to do

And why should Bergen lose money at converting less than 24p? Wouldn't surprise me if they hung on in here for the ride

The desperate troll Dazbrad filtered

If you wanted answers to your incessant questions you should have spent the money to go to the meeting

"Until then it is dilution"

Surely not if the expenditure is paid from a loan

I assume any loan will be on the basis of future anticipated cash flows ,in the same way as a loan to an accountancy or law firm with few fixed assets

The shares are being issued as COLLATERAL for a loan .If the collateral is not enforced, they will go back into Treasury

The rule is that shares must not be issued at a discount to the par value

By adding warrants, it seems you are issuing shares at a premium

Could someone state clearly please whether FTB is IN or OUT?

I think everyone understood what you were saying, Kieron, that RM would be the one obtaining the licence, and was not a foreign entity

Kieran on Telegram has posted the following

'Well I can tell you this that I have emailed ap with your questions about diamonds. His response was that red mercury are not a foreign investment but a community concession so they will be getting the license'

This would normally be done simultaneously as with any refinancing

Surely the SSGI charge over Manaila was to be discharged from the Mercuria T2?

What happened to the Bergen $1,5m?

Thought it was going to BP?

Thanks for the heads up Stark

I've got her filtered on here, but will look at her antics on those sites when I want a good laugh