Bernymadoff on ADVFN24 Mar 2019 21:51
Hope Bernymadoff on ADVFN is ok with me posting this:-
So far Minty and Shard have been happy to keep loaning money in order to keep things ticking over. They've had the opportunity to place when the sp was double the current level but declined more than once. That doesn't suggest they're winging it in the hope of landing a deal as no company takes that kind of risk. In fact it would be bordering on criminal negligence. What it suggests is that they are confident of clinching a deal and they will place when the sp is substantially higher. We also know that the company is blocking Minty's loan to equity conversion until the sp is higher so as to minimise dilution. Again this is consistent with a company that is confident of delivering. Of course the players will prey on the uncertainty but personally a placing at anywhere near these levels is the least of my worries. My own research from information already in the public domain lends me to believe that we are very close to finally closing on the Brazil deal which will be done with non dilutive finance at the project level. If the company needs to raise it will only be when the sp is substantially higher.