Bushveld Minerals Share Discussion Threads

[psbhoy] 06/6/2017 08:01

This is tanking!! This is tanking!! Debt will not be paid!1 Back into your padded room Wolfie

[manni786] 06/6/2017 07:55

Woofy you change your tune every day- until yesterday you had been barking on that BMN. Wouldnt pay off the loan without capital raise at discounted placing/ now you state you thought they were going to pay it all off?? You bloody are one confused cookie arent you sunshine?!

[katylied] 06/6/2017 07:11

RNS.... "As announced on 30(th) March 2017, the Barak Financing comprised a bridge loan facility of up to US$11 million ("Bridge Loan"), repayable within two months of drawdown.

Further to this announcement, BVL has agreed with Barak to restructure the Bridge Loan. Under the new terms, repayment of all outstanding principal, interest and fees has been extended to 30 June 2017, with 80% of the Bridge Loan principal (i.e. US$8.8 million) due for repayment by 31 May 2017 and the balance by 30 June 2017.

The Company is pleased to advise that following this restructuring BVL has repaid the US$8.8 million by the 31 May 2017 as required and an additional US$1.2 million on 2 June 2017, to bring the total repayment of the Bridge Loan to US$10.0 million.

As of 2 June 2017, the balance therefore that is outstanding to Barak, and payable by 30 June 2017, is US$1.0 million plus fees and interest, as previously disclosed. The Company remains confident of settling these final payments from internal cash flows without recourse to equity capital raises, as previously announced.

Post the end of June, BVL will only have the US$3.0 million Wogen Resources Limited Prepayment Facility ("Wogen Facility") left in place as external debt. BVL expects to repay the Wogen Facility over a 15 month period prior to the end of 2018 out of operating cash flows..."

Vametco purchase debt already pretty much eliminated... :o)

End of June final US$1,939,077 (includes fees & interest)
falls due and then the bridging loan is history...

[wolf_in_the_bath] 06/6/2017 07:10

RNS thought it would have been paid by now not extended? I'd avoid at minute still very risky until paid in full in the wolfs opinion

[wolf_in_the_bath] 05/6/2017 22:24

Psbhoy my friend how are you ? Missed our chats on LSE ;-) but as we exchanged email address I'll private message you now , take care friend.

[wolf_in_the_bath] 05/6/2017 17:21

Psbhoy you are my friend as your communicating with me ? Otherwise you're bullying me sir ? ;-)

[psbhoy] 05/6/2017 16:51

Not old! Not your friend!!

[wolf_in_the_bath] 05/6/2017 15:47

Never my old friend ;-)

[psbhoy] 05/6/2017 15:43

Leave poor Woofie alone, he's got nobody else to talk to in his padded cell.

[psbhoy] 05/6/2017 15:41

Strange that we've had so many retraces and yet here we are higher than most previous finishes. Do you never get fed up being wrong Wolfie?

[wolf_in_the_bath] 05/6/2017 14:35

I'm here Hazel not long now for another retrace brace yourself!

[hazelst] 05/6/2017 13:53

I can't hear you Wolfy!Hope I'm not missing out on some quality research. lol

[wolf_in_the_bath] 05/6/2017 13:00

Retrace this afternoon

[wolf_in_the_bath] 05/6/2017 11:22

I'm here to protect amateur investors from liars / hypers like you lot ! Mr Wolf ........

[manni786] 05/6/2017 11:19

Woofy get the hint mate- no one wants to hear you or your useless advice.

[hazelst] 05/6/2017 10:58

Oh dear Wolfy, wrong again!

[wolf_in_the_bath] 05/6/2017 08:05

Tanking again this morning as predicted my friends. Mr wolf ......

[vauch] 05/6/2017 07:53

WOLF GET THE MESSAGE!




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[wolf_in_the_bath] 05/6/2017 05:52

Knickers stated on LSE once again that he topped up 250k on Friday but trade hasn't shown ? That's because he's a liar ! Most days he posts about topping up ? I think to try and compete with the big boys ? He said he can't afford them so expect he's taken out another " wonga " loan until his giro comes through. Don't get sucked in by people like him pretending to me someone he's not , remember he told me this would be 20p now ? Wolf laughing out loud !