Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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buy and vote yes and its all money in the bank. And you will have a company worth a bit. No brainer. Short term holders make at the expense of the long term holder. Strong buy
Many didnt vote last time knowin the deal would go through. Little did they know about 15% of holders made a group trying to kill deal.
I think this time around the board will be on the phone asking big holders to vote yes.
LTHolder in and out over many years.
The war has finished this for me and I will reluctantly take the 1.8p as the alternative is too risky. I am not prepared to lose all.
I will vote Yes
Pog was actually in production and large producer.
If that went down amc can also they can just nab that from us. The rule of law changed when west stole russian foreign reserves illegally.
Pog should never have gone into administration had it not been for sanctions.
We have a few which say refuse the deal and kick the can, the company are pleading with us take the deal so they can leave.
Once deal approved company will have a NAV of 2.4p a share. The ceo in may stated they have identified certain near term production assets. So that is good.
People drawing comparisons with POG... this is not the same. POG defaulted on its liabilities. We haven't.
A YES vote is the only way out and we'll nudge up to 1.6-1.8p but the 24th. After the meeting we will be north of 1.8p
Give away 95% of project for 5% free carry.
Not actually no alternatives, just almost no alternatives to advancing development.
I wonder what those alternatives are...
Over 50% i believe.
"Should shareholders reject the sale of Kun-Manie, there are virtually no alternatives available to our advancing development of the project. "
"The Company does not foresee that another offer to purchase Kun-Manie would be forthcoming in the event that the current offer is rejected."
Sellers are as always being matched neatly to buyers, can't quite figure out which way it will move from here. I suspect there is a transfer from capitulating LTH's to speculators going on hence the static price. Still waiting for some big trades (10Mil +) to occur for direction, no rush there are still 3 weeks to go and I'm sure they will come as we get near to the cut off!
Towards the end of last year someone was accumulating, we were all pretty sure of this. It's now obvious an 'agreement' that Spivlov would be the 'allowed' purchaser was made before the last offer. It was then leaked to allow the previous accumulator to exit at a profit. This may have even been partly the method for financing the current deal!
Considering the original offer was made before Pukin invaded Ukraine, this was always the way it was going to play out, it’s Russia and this is how deals work there. Around 2009 many of us Long Termers agreed the RF would never let this go, despite all the reassurances and ‘compensation’ agreements. This is why I’ve always seen AMC as a great trading stock, with the outside chance of a buy out.
The 1-2 year cost to Spivlov is pretty much the same with RY and fellow trough feeders getting a lot less. Although most LTH don't like the outcome, RY is the one conceding the most between both these deals - This says it all to me - there really is NO choice - this deal or nothing - the wording although some see it as threatening is very clear.
Ironically LTH's sitting on a massive loss, especially the ones with the "I'm going to go down with the ship" attitude may fulfil their own 'victim' prophecy.
AIM is 99% for trading not investing, very few AIM listed companies generate a return on an original investment. They keep coming to you for more!
It's only there for the likes of RY to raise cash and for savvy people to trade the waves. If you aren't one of these then you will go down with the ship on AIM.
If I was a long termer I would look at this as another fund raiser but with a much more certain return than usual, average down, rather than shoot myself to avoid being shot!
katstrangler.....Some selling because a lot can happen in 90 days (macro picture?).....a bird in the hand etc./many taking good profits...but many intend to return between now and 90days....so the SP will appreciate...1. when the profit taking clears...and 2. when they return in a few weeks or so ....3. when the 1.8p get's paid.....4. when we buy a new asset...
....The small risk of SP deflation meanwhile would only occur on a "macro" picture change.....perhaps stockmarket collapse...or all out War with Russia/ China and maybe some other Shangai Co-op Members...who knows
but I see 95% success otherwise....so all to play for!
Any link?
and no idea how long it'll take to see them all off. that means the rise will be slow and may get v close to results before seeing the value of buying now. so it becomes very much binary. i can understand why those sellers are now selling. apathy for voting is shockingly poor here, witnessing the last one. so, if the apathy vote wins i'd rather the bad news is left to the lth who can't see the deal on the table as being the best they'll get, short term. not a fan of bitter investors, however much their grievances may be merited.
Superb bit of analysis, thank you!
I thought that £35,000,000 came to £28,985,507 @ $1.2075 = 2.08p plus 0.30 of cash (£4.14 Million) total 2.38 pence.
There is value to be had here. I came to a similar figure. 2.38p
Good Morning all.....This is how I saw it on Saturday....and reposting today to the wider audience....FYI..
"Each to their own but with the £29m and perhaps £4m already in the bank.....£33m in cash gives us a NAV of £33m...which is equivalent to 2.37p per share....which is 190% of where we are today
If we pay out the £25m ....(1.8p per share)......we will be left with a NAV of £8m or therabouts.....which is worth nearly 0.6p per share.......A new project with a plan could easily put our market cap back to £15m or more!....which is another 1p + per share on top of the 1.8p per share
...which is more than the .68p we were in July etc. and we'll have had the 1.8p.....in our pockets besides (in itself is 44% uplift from now)
so it looks like we can easily double+ our money from new purchases of AMC today or close the gap by averaging down!
There is no sensible alternative than to accept the deal....we can only look at where we are today...and forgive past mistakes/intentions/guidance.....this acceptance will make us money from where we are now.......DOUBLE+...what you have NOW!"
There is 30% risk of a no vote....as 70% + will not vote or abstain.......a lot of previous no voters....are now wishing to perserve some capital...and will vote yes....and a lot of new "value seekers" have entered the scene or "re-entered" like me for instance.....and we will obviously vote yes. Most voters are sensible and understand that there is no alternative!
The "hard line" no voters.....who remain principled/ emotive (entitled to do so obviously), regardless, will be few!
Our only risk is Vladislav Sviblov not proceeding or Russia's administration not sanctioning the transaction.....and there is a near zero possiblility on this.....I have "dealt with" Vladislav Sviblov before on disposal of another share deal (TSG.LSE)...and he is an honourable gentleman.....who get's what he wants from Russia's Administration...!
This could work out to be an "exciting" New start for us all...! and profitable for us all...from where we are today.....There is no alternative to raise our SP other than this deal!
GLA
yes, you getting 1.8 but the company gets the remainder of the £35,000,000. £35,000,000 is 1.2075 pence so the company keeps a bit then add cash of £4.1 Million and it comes to 2.38 pence. So there is more than 1 penny in here.
Its a screaming buy.. and who knows a new bidder could appear. Then the sky is the limit. More upside than downside. Good for short term buyers who then vote to sell. Obviously.
Yes that's what i mean. buying around the 1.2/1.35 mark to vote in favor for 1.8
big buys now
2.38 of value for 1.30 pence.
The Russian Government will not block this as it is a good deal for Russians. They are getting a good asset on the cheap and will sign it through.
Strong buy
Gazzleberry
Kinross sold its assets last month with massive discount. The russian govt has agreed to disposal, it was svidlov who bought that too.
you are buying @2.38 pence of value 1.30p now.
No brainer. Good for new buyers but not the best for the LTH sadly. For every loser their is a gainer.
£35 Million equals 2.08 pence.
company gets the remainders from the 1.8 paid to investors. 0.28 plus the cash it has. Total value 2.38 pence. Best chance to make money on AIM. Earlier this was a 100% increase over the share price.. Buy to exploit the difference