Long term holder (2020).
In my job I have raised corporate debt; equity; taken smaller companies to IPO (not in resource sector).
My view of the last 4-6 months (apologies if stating obvious for some);
1) Debt due diligence always goes longer than you think even when the "deal is done".
2) As the Borrower, you always run competing processes alongside ie Plan B
3) However, you also must be aware and manage your exposures ie Cash burn/balance during the deal timeline
4) Black Swan Event - overstating it but most in the market did not predict the Li price would drop < 20,000. The drop to 13,500, would be enough for a re-negotiation of terms from the original "Heads of Agreement" which everyone on this thread would understand.
This could/would explain why JP/GLN were caught with their pants down and were forced to raise, to satisfy a facility loan precedent which was triggered due to the lower than expected Li spot price?
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Last
14.5¢ |
Change
0.010(7.41%) |
Mkt cap ! $73.46M |
Open | High | Low | Value | Volume |
14.0¢ | 14.5¢ | 13.0¢ | $168.2K | 1.234M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 457142 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 751132 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 437142 | 0.140 |
9 | 245197 | 0.135 |
15 | 385707 | 0.130 |
9 | 316007 | 0.125 |
9 | 407785 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 751132 | 13 |
0.150 | 1015654 | 8 |
0.155 | 160000 | 3 |
0.160 | 211334 | 5 |
0.170 | 36764 | 3 |
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