Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Vivdal. In principle Anavio have said they will give Copl 3.5m @ 4p equivalent shares plus the rest of the restrike info and at the time sp closed 4.25p on 5th prior to this information being released on 6th. Nothing has been closed finance wise and even got delayed in timings.
So you are saying that Anavio can't do anything even though haven't signed / closed the deal / handed over 3.5m. The sp has gone from 4.25 to 1.9. If so great for copl that Anavio take risk on double the current sp.
Is this correct as you seem an expert in equity finance?
Vivdal - nothing has been signed yet contract wise right. Still to close the financing deal.
Busy mum - that is the plan for these funds. Mentioned in rns last month.
Completion of the Financing is expected prior to the end of September 2023 and is intended to sufficiently fund COPL in to the first quarter of 2024 for production growth and to conclude the previously announced joint venture (the "Joint Venture") negotiations.
Shouston
Yes I think they will get financing as not in the interest of Anavio not to do it now as they will lose.
Some suggested chsnge of terms. A concern to me as sp was 4.25 prior to 6th Rns and now 1.9. Some saying can't and bad practice. No one really knows what can or can't happen until we see it.
Yes I'd like to see the new BOD who only wrote the rns a few days ago to stick to a timeline stated or don't say it. They were obviously confident in it or put "close finance in the next week"
Shouston just stating true facts and real Rns information. Read the Rns. New Ceo has been dreadful in his performance. If you think otherwise love to hear it.
You keep posting all the buys on the chat. Rose tinted glasses comes to mind. When you know every buy is matched with a seller. Ramping "look at all the buys" and sp drops.
Mafee. They stated "prior" to 6th. So if do 6pm their time today then ok tomorrow Rns. But if no Rns tomorrow what will the market think. Uncertainty and no fomo Friday. So we will see what the copl BOD do. They wrote the Rns.
This finance is key to keeping us going until the end of the year!
See what price action we have today.
Finally retired. Which is why I stated this afternoon their time.
"prior to the 6th is today so I'd expect an Rns later their time to close financing."
Don't try patronise me which this share game isn't. Just look at your own pnl and decide how you are doing on this share. Don't worry about me I'm doing just fine.
Duster you blow hot and cold.
I'm referencing an Rns and a statement the company had made. If they don't do what they have said they are going to do then that is them creating uncertainty. But you stick your head back in the sand.
How about focus on what the BOD have said instead of the same old blame a poster on a forum. Pathetic.
If it closed today they would have to release it today. They can't withhold price changing information from the market good or bad. Why state a date in an Rns if not going to do it by then. They only made this statement on Monday not like months ago. Stating "prior" to 6th. Guess it is copl!
We will see this afternoon. Trade action will also be quite obvious too with any leaks.
Leaving it until the last minute....come on copl....prior to the 6th is today so I'd expect an Rns later their time to close financing. If not why not as this was initially meant to close end of September?
Rns:
The Company is on track to close the financing prior to 6th October 2023.
All these buys are matched with sells for example 500k sell at 9.27.
Yes someone is buying clips. Of which finally retired is topping up from sounds of it. So a holder already. But someone is also selling to facilitate this. Who is it is the big question.