It's worth 30% of £42m ...so £12.6m ....so this can be sold for a discount to a profit making company to utilise. So we could sell it for (plucking a number out of the air) £9m and the company buying would gain £3.6m on the deal once they've utilised the loss.
For the genuine holders here, we know ECR have taken a stake in TGR our JV partner so what's to say the sale of MGA doesn't find us buying more as we know Itogon is a game changer for both parties
ECR buying 358,000 shares is a sign of intent and with THRbhaving less than 10m shares when Itogon is sold then their 10m v our 3.2b share capital the rewards are huge on the TGR side and so buying more makes sense
LG a few questioned you (I didn’t) but you called it right: MGA release in the next two weeks. Once this is digested and a sale is announced (hopefully with time in between so the market can digest and the SP rise naturally) then this should play out nicely into next year for SLM and Itogon news. It is a strange feeling seeing this happen as it has been in the pipeline for a long long time, is this a dream? I came back from lunch and my heart leapt: 40% + RNS red light flashing, excited posters, hundreds of millions traded. It could only be one thing I said to myself. Lets see if we build from here as the SP was much higher as recently as a few months ago and significantly higher last November when MGA reared its head before (with THEMAC DFS) exciting times, and over the festive period too.
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.