Hi ... well if you need more information ... SHORE CAPITAL have been the biggest by far brokers in volume ... they have been aggressively selling the stock since AS was given. Always making sure they were best offer, driving the stock lower. Fact they are the most active broker (that detail is on Bloomberg data); their motives well that is only IMO . The SFO should definitely look into who is behind selling with SHORE CAPITAL (it may be another broker and in that case we need to ascertain if their client is INSIDE and manipulating).
IF ENOUGH PEOPLE EMAIL SFO THEY WILL HAVE TO TAKE NOTICE!!! This is a joke. I would love to here Harrys thoughts on this, I think he is still a share holder. The Chinese bought in at 14, so what's the point in manipulating this stock.
Hi Bigboy, thanks for your reply, but you didn't mention anything about the 200m+ pounds worth of machinery on site, nor the interest in Kefi. The extraction costs in the tailings shouldn't be that much considering they are on top, better than open cast. I can understand you can't factor in new drilling results simply because they have not yet been announced. If they are good though your prices will be way out. You haven't factored in a few things PLUS giving a discount means your prices are extremely conservative. Like I said before some people were forcasting around 40p. I wish it could be that high, but a more realistic spread would be between 20-30p if not slightly more. GLM
Hi arfer, my own personally calculations did not allow for any potential value adding increase from the drilling / resource upgrade. My calculations were 'current' value from the information we have, we can not add any value or price in the unknown 'at this stage'. Although I did say there is potential from historic reports that out resources have the potential to double. I add very little value to the Slovakia project, especially as we have recently given away 81% on the cheap ! It is reported there is a value of £100 million of precious metal in the tailings, but we have entered a JV with Rio and there will be extraction costs to consider. Therefore, there may well be £100million worth in the tailings but you cannot add that amount to our value, you need to add the Nett worth to us as a company after the JV agreement and all costs have been taking into consideration. What I have done is factor a discount into what I consider 'real' fair value, as no suitor will pay the full price. There will need to be profitable upside for any suitor considering a take over offer.
Interesting the figures you are stating Bigboy, I'm curious as to how that's come about when others a long time ago were putting it at around 40p. Does it include the gold in Slovakia, the silver and gold in the tailings, the new drilling results which I hope will be announced soon, the holdings in Kefi and Cyprus mines, let alone the machinery inherited on site which was valued at over 200k a long time ago, plus any other assets I may have missed.
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