IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
We were - on 27/03/23:
‘ Further to the announcement of March 20, 2023, the Company has also issued 26,842,036 common shares (the "Shares") settling $2.2 million of payables to arm's length creditors of the Company. The price at which the Shares were issued was at a premium to the LSE share price.’
And yet you’re still interested enough to post.
May be of interest if not seen before:
https://webfiles.thecse.com/CSE_Form_9_-_Notice_of_Issuance_0.pdf?.3HQgQCFBPomaf.yf2aIfi9EGurU99tX
https://twitter.com/contangoplc/status/1646149978035744768?s=46&t=xoxWP2VIgEGHTuVA9rjgaQ
Isn’t it the anavio representative, presumably so they can keep an eye on things and make sure they make as much money as possible out of the bonds?
Could be a good update next week going by the last rns.
Could hear more on the MOU with the MNC this month too.
Didn’t move the price? Still churning the recent sells?
03-Apr-23 11:29:40 4.60 2,625,000 Unknown* 120.75k O
03-Apr-23 11:29:49 4.60 6,000,000 Unknown* 276.00k
A recent article:
https://bullszimbabwe.com/contango-readies-for-coal-production-sales/
Not sure I picked up much we didn’t already know in the Sedar docs tbh. Presumably though we’ll get an rns tomorrow with a current operations update.
And of course JV news at some point. Not sure what the trigger will be after all these months but it’s got to be closer.
I thought it added up to around $2m for the waiver and exit fees but maybe some have been paid already?
The warrants have also gone from 6% to 8.5%. Nice if you can get it.
Some more recent posts on linked in:
https://uk.linkedin.com/company/contango-holdings-plc
If wondering whether Anavio are holding all their bonds you only need to refer to their January early warning report and compare to the latest one.
The warrants have been issued. Not affected by bond buyback. Money for copl though if exercised.
‘Terms of the Bonds have been amended: (1) pricing terms vs. July 2022 issue (higher issue price: 80% vs 78% on July Convertibles); (2) an initial conversion price of 6.75p or US$0.0817 (the "Initial Conversion Price")’
That’s because he took a lot more bonds with a much lower conversion price. Might not have had a choice and it’s probably good in the long run but right now in the absence of the rbl or JV news it’s not.
XOP down 14% on 3000 volume. Taking the…
Piecing together the updates and my research I believe the refinancing, main BH and JV partner are all linked and/or all working under the same NDA. So, I’m not concerned, just waiting patiently for this to unfold.
I could be wrong but suspect we’ll know much more by month end anyway.
The lead BH is likely already over 50% if they converted all they had. I wonder if the SP drop has affected the new bonds discussion originally intended in February - AM not wanting to drawdown any more due to the significant potential additional % share holding giveaway.
Sounds good to me - Covenant Waiver and Operations Update
‘SL and Cornerstone BH, after an initial disagreement and stand off, now working together’.
Cornerstone attempting to acquire the warrants held by the SL? If so, with the low price now it’ll probably be cheaper.