Yes, it is!
... with £316,313 owed by the Company, including accrued interest, under the Facility Agreement.
The Company's last published book valuation of Italia MDC, as at 31 December 2023, was £605,280. |
That is not what it says in their RNS. MNRG had partially payed back the loan they took out and they have also had to pay interest on the original loan of £580k since July 2020. |
MNRG announcement: Disposal of stake in Italia MDC for half its book value. |
Well interesting that some folk see this as a buying opportunity.
Perhaps now everyone can see the kitchen sink has been thrown… |
Thanks to ‘Roll on Retirement’…
The plot thickens!
Notwithstanding my 😫 this am |
Not sure at all about EQT
Look at AA4 & JUST. May be better bets. |
Of course there's a seller in the background. This is Eqtec, it's a given. Like many people, I'm way, way down here but just can't bring myself to buy more to average down. It's a trust thing.....and thats all but been eroded, sadly. |
Think I’d be in for more if they flush the Ask down to 1.6 or so… |
Hmmm, do you believe they still have a seller in the background hence the relatively static price today despite lots of buys… Or are they short and trying to flush out the traders…ԍ00; |
My worst. Ever. Thus far anyway (as in I've had a few go into admin but got out just before). So if this turns around then it won't be as bad as those :-) |
This has not been my best investment |
Jinxed it ;) |
Did it again |
Good luck! |
Think i have lost the plot = just added |
The good thing is we still have the Logik £2M to look forward to at this much higher level. And updates on the projects and revenue. We want to hear Italia MDC working well and see proof of increasing revenues coming in. |
What an interesting day yesterday….
I still cannot believe they were able to get finanace on such favourable terms and much more favourably than previously. Particularly in the current market when so many other companies are having to dilute or just fail to get any support and go bust. I have no insider info but there must have been something they could show the lenders to make them agree this deal. (Not just the Italian facility!)
Totally accept they are not out the woods yet but given the company a fighting chance to get those big contracts over the line. |
AEX MASSIVE NEWS |
Could sell them back at 1.88 now. Think I’ll hold. |
Ever the optimist Juju!
Bought another 140k myself! |
Nah , dead duck management have made this a dead duck |
Well IMO that’s the confirmation Idex need before moving forward…. |
A few "interesting" buys in advance of the RNS - sadly this seems normal. |
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