Member Info for tony99999

Even following their difficulty in deciding what the so-called uncommitted cash balance actually was, the proportionately small £100m or so will burn out at a massively high rate due to the factors mentioned. Intra-month liquidity movements will additionally mean constant struggling with meeting payment timings. BoD totally distracted by legal judgments around insolvent trading rules. Government will play no part in it for his generation of ownership. This is simply my realistic forecast and have seen it all before. Just my non-delusional forecast. All the best and good luck with it.

Big cash squeeze underway, “uncommitted funds” vanishing as suppliers pull terms and force price increases. Covenants blown with resultant fees and cost increases. Legal bills escalating. Those earlier forecasts were vastly optimistic to try to prevent initial panic, BoD will pull this shortly and will be legally required to do so. Don’t be delusional please, most unnecessary.

Nope, the “company”( in its non strictly legal sense) following its reincorporation will be quite fine if the project is in fact viable and investable. The government will also be fine with its ongoing tax revenues and employment under continuation of the mine construction. No guarantee needed or in any way going to happen. Unfortunately the existing shareholders, debt and bond holders and suppliers and other creditors will almost certainly not be fine, they have to stand aside. The insolvency procedures in the UK are designed to allow unburdened rebirth, but only for viable propositions. Rebirth for the next generation of investors and lenders.

I lost more than £10m on only two shares, and look to increase that here. I’m thirteen and have no mortgage and wrote the petition which is in for marking as we speak. Anglo American trades close to £20 per share.

I heard that they couldn’t even decide whether it was £100m, £117m or £180m. Having said that the idea that this will last six months sounded really preposterous, the cash squeeze from creditors might likely mean the directors will be considering their legal position as we speak.

Ramping, de-ramping. Preposterous, what a load of crap.

Seen it all here. Some of the above exist.

Like Brexit, half the people (conflicted ones with shares) will say hold and the other half will say sell.

Guarantee much worse for taxpayers (government) as only a downside and no upside. At least funding might have some return. Get out while you can.

Because I remain interested.

They are only motivated for successful projects with good tax revenues and employment. In the second generation of ownership (others unfortunately) they’ll get that if it is indeed feasible. Get out while you can.

Out at 16p. Get out while you still can.

Get out while you can.

Nope. It just isn’t working very well..,

Yeah, really good one

Sell

Well work out how the percentage gain needed to double your money versus what percentage is need to halve it.

They certainly won’t be running up further credit balances with suppliers, that won’t be possible. Existing credit will be withdrawn with large outflows ensuing. And if, as you say, running further credit balances is illegal then they are already at the point of pulling the plug. Only time will tell for outsiders...

They certainly won’t be running up further credit balances with suppliers, that won’t be possible. Existing credit will be withdrawn with large outflows ensuing. And if, as you say, running further credit balances is illegal then they are already at the point of pulling the plug. Only time will tell for outsiders...

Cash may well run out many months before the “stay calm we’re in no hurry to raise funds not desperate six months thing”. Every trade creditor may pull terms and the outflow would decimate the small cash balance. I would imagine this is taking considerable management time just now. And technical advice on exactly at what point further forecast revisions mean they have to consider solvency trading laws.