Locke would have done due diligence and know the risk. They taken a calculated risk, the fact that they lending us 15m USD is in itself a positive sign that we on the right track imoGenuine question and may have missed the answer - with Locke’s funding, what would happen if AVZ failed with the court cases and Locke has paid for it all and AVZ is out of cash to pay em back
no doubt you're a glass half empty type of person. yep big price to pay but locke stumping up and risking their cash, if they win, we win.Locke and its funding may be a necessary evil which was clearly becoming of increasing importance and urgency. The terms highlight that. But now having read the announcement again, it seems we have replaced one existential risk to AVZ's existence with another - also with a fairly short off-ramp time-line. Risky business in the big leagues! Hope NF and Co know what they are doing - will look forward to hearing the explanations delivered at the AGM, and gain some awareness of plans in the back pocket should this situation drag beyond the next 2 years and repayment looms. While there will likely be ways to avoid the worst possible outcomes, if it comes to that, like a wider shareholder raising, it's still a legitimate concern.
Otherwise though am happy to see funding. It'll be very interesting now to see if the DRC's attitudes towards meeting us and trying to work through to a resolution change now that they understand we can't be financially starved into submission, at least in the short to medium-term. I expect that it might.
Let's get negotiations back on track!
Also, any guesses as to what fair SP value might look like in Sep 2024? Certainly not the .01 that fat boy was offering, but then again it would be nowhere near the last traded price. Perhaps 15c? So if we do get a way out of this mess we'll see Locke acquiring about 300 million more cheap shares. Unfortunate but necessary, namely the price of doing business without much leverage.
Yes, though I would call it a realists view. And the second part of your statement isn't strictly true. There is a way they can win without us winning - that's what I was worried about.no doubt you're a glass half empty type of person. yep big price to pay but locke stumping up and risking their cash, if they win, we win.
And I was thinking I need professional help"As always i will act in the best interest of this forum".
Mmmmm.....????
My suggestion is you and Yianni absolutely kick the living fucking suitcase out of Carrotdick just prior to question time
Then......
Get all the intel and decent answers to genuine shareholders questions from the Nige et al
Following that dump Carrotdick's limp arse in the most compromising area of the Perth CBD with his pants around his ankles and a sign around his neck saying "Open for Business".......
It's not outside his character so I'm guessing there won't be any legal ramifications
After that judiciously share the important intel with the trusted TSE members via PM's and the golden grapevine (no Hoots you're not a member or you Tolate so suck it up boyfriends)
Beyond that I have no immediate plans or ideas.....
This isnt correct. The announcement doesn't suggest that the 60m shares that will be issued to Locke are to cover the 15m loan. Otherwise that would be a straightforward issue and there wouldn't need to be all the other terms for repayment.Locke in at 38c a share, great deal for them, good deal for us. They’ll get amazing ROI at $1.5 $2 and we’ll get ourselves free. Wish there was more incentive for them to get an outcome at a higher share price. But our backs against the shitty mudbrick hut wall and our Chinese assailants have huge ccp supplied knives. Keep punching Nigel!!