Evening Shylock. Good analysis and well thought out prediction..........apart from the RI bit, IMO! Rights? Us lot? U R 'avin a L1/2 M8. :-) I recon that $500m odd will come from a strategic partner who will get their chunk by the usual dilutive placing. If at 30p that will take the total issue with other dilutions to ~3.1bn (getting like REM territory). I'm a bit more conservative with the spiking to 100p on full financing. My est: Mcap to 50% of the sum of phase1 NPV + 1/2 phase2 NPV is ~65p. Over to Mr France and the Committee. Weekend's here. GLA. GK.
RE : addendum
Your right , troopermerlin , all buys and all at full ask it seems , it does seem staggering that mm's wouldn't raise at least a tiny bit !!! Don't understand it at all , they do better if they sell at a higher price no ? And there are people buying !!? Strong resistance at 11.5 , or what !
Today is a fine example of what I have just said. Looking at level 2, the whole day has been almost non-stop buying….and yet the sp has hardly changed……just beyond belief at times. How can we see buy after buy without the value of the share going up? Answers on a postcard please…ATB
With the last laps in front of us after all these years, I can taste the success…….well almost and I agree roughly with the sp forecasts at different stages. The only thing in the back of my mind is just how volatile this share has been even at times with what seems to be good news. Positive news does not always trigger the sp to spike, but it has sadly dropped and left us totally amazed as to why. IMO as we close now to September no-one with any sense would wait until the sp reaches 13+ without realising get in or miss out, and so if and when we break 12p I see that as a wake up call to the watchers. and expect the sp to begin its climb up. Nobody knows just when this will go but I'm damned if I am going to miss the chance of topping up at a price I believe we will never see again. So the only question is a simple one IMVHO ……"Do you feel lucky….?????? Thanks Nurse…ATB
Buying Shares In SXX
I bought another tranche of SXX shares through Barclays Stockbrokers earlier this month - so they definitely cover these shares. Hope this helps!
Imho, there is only one possible buyer before we get planning permission and that's ICL. And they would only be interested in the asset, not the plc. If and when we get PP, there could be any number of potential suitors, the most logical of whom would be K+S imho. By then, they would have to offer something over 50p per share and I couldn't see it being welcomed unless the BoD can't raise the big money. Until then, the SP looks unlikely to take off. The submission of the PA will be a massive thing but not in itself a fundamental game-changer. Even if Chris France makes positive noises, it won't be his decision to make. Arguably, he has already made much more positive noises than he did first time around and the SP hasn't reacted. I envisage the SP rising gradually to around 25p in the New Year and then fall back on profit taking before the planning decision to around 18-20p. And it should double in one day if PP is granted. With PP granted, I think we could expect a large Rights Issue to raise $500m which will hopefully be part of a deal with the money men to secure the finance we need. If not, it will keep us going forward with early earthworks until a deal is struck. At a guess, the RI price would be discounted to 30p but wouldn't drag the SP below 35p. On a big financing deal, the SP should rise to £1 and then poodle around at the 50-80p level for a long time - to break through the £1 barrier permanently on first production/sale. None of this happens if we don't PP of course. And if we do get PP, the euphoria won't last forever unless we get funding.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.