I assume loads of people on here are sitting on big losses (like myself) watching each day for something to happen and waiting out for the day your price is reached and you can either get out or make some profit. There is a way though to use your existing pot of shares to make some money, you just have to think outside the box…
Presumably this is pre-planning approval and will be revised significantly upwards post approval?
Been in this stock for a few years now and just sitting tight, I did top up last week at 6.85 to lower my average to 15p.
It would be nice to see a bit of return for my retirement. I do live locally (Sleights) and support every aspect of this planning application and business. I invested because of my view. The area really needs it to try and keep the local youngsters here and be gainfully employed, as well as a real boost for the country. I like the ecological approach that the company have wherever possible, and the long term benefit to the world, re an organic and low processed fertiliser seems very positive, I really hope the North York Moors guys see the benefit in this to them too, seems like some very beneficial planning gains for the park. Time for them to be realistic, sensible and pragmatic about this, for the greater good. Yes I do have an interest but for all the right reasons.
If it was my troubled but gifted brat - as it were - I would be happy enough, to at least by some extent, let it go on it's way once it was mature enough to live with the responsibility and consequence of it's first huge (student) loan.
Ie a similar stage of construction as has been financed (and is happening) for Jansen by BLT. For YP that's shafts sunk and sealed, MTS connected and sealed from mine to MHF. To then have a bankable asset that is relatively safe and simple to then bring to a full production mine.
You can see a clue as to the co's thinking on this on p21 of the Feb Pres, where by month 30 they project that fair value from project risk has reduced to just 20% below NPV, whilst there is still some 65% of Capex to be spent on fit out to ph1. I anticipate that money comes from the debt markets.
With that amount of hoc, 'on paper ownership' is then academic if/when it came to a 'crunch'.
PS: That NPV at 2 1/2y to ph1 or 6 1/2y to ph2 = ? Mcap = 20% discount to NPV, = ? Full order book. Y/N? No of shares in issue then = ? Reasonable sp then = ? Do the math...... I have :-)
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