Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
"In an ideal world a CVA should benefit both parties. The company is able to lower their monthly outgoings while continuing to trade, while its creditors stand to recoup more of the money owed than would be the case if the company entered liquidation."
Sp now climing ..43p
Will big shareholders actually fill their boots at 41p-42p??
Is this a good news for shareholders?
Why did sp rise to 52p???
Did market think this was a great news for CINE?
Market will wait for the news....
So far now Sp might climb again to 45p area.
Buys now coming in...
Sells have stopped...
Sp climbing up now..
Just got in again...
Sp hit the bottom.
Should tick up now...
Might be good if terms are in favour of CINE
CVA is voluntarily
so shareholders will get choice
"A Company Voluntary Arrangement (CVA) is a statutory contract between a company and its creditors which allows for an indebted company to repay its debts in a more affordable way. As part of the CVA some debt will be written off with the rest being repaid through a series of monthly repayments. Contracts, including lease agreements, can be renegotiated in order to cut outgoings further.
CVAs must be supervised by a licensed insolvency practitioner who will be responsible for drafting the CVA proposal and negotiating with creditors.
In an ideal world a CVA should benefit both parties. The company is able to lower their monthly outgoings while continuing to trade, while its creditors stand to recoup more of the money owed than would be the case if the company entered liquidation."
Small rise atm is catching buyers?
Before the news becomes official and sp tanks?
Low sp placing one the way too?
16p low was the last bottom
Sells have stopped and just got +1m buys in last few mins.
Bring on the afternoon :)
67p retest??
Happy days if we get this today:)
50p - Here we go :))
"Russian scientists do we have a bidder at 96% efficacy??"
Just saw on the Twitter news... :)
50p about to break :)
55p-60p this afternoon?
Let's see
Oxford bio tech vaccine news on the way??
FTSE and DOW just spiked up...