NMC have (allegedly) got plenty of cash to buy our share of Colombia. It makes no sense for us to allow them to drag this out any longer than the 5-6 months they already have. Adding new depenedencies to the proceedings, seems crazy imo. Why should OUR sale to NMC have any dependency on a deal between NMC and Prize Mining ? Why should OUR sale to NMC have any dependency on Prize being able to raise $6m and perform a consolidation?
Definately a RNS today. But going on past experience when we know for a fact a RNS will hit today, it does include by the very latest 0700 Monday morning. As it seems if nomad don't release in time, then it seems to be held until the 0700 RNS. I predict 1629 tonight.
Your list reads like a childs letter to Santa Claus!
"El Limon finally gets sold = with this excitement it rockets our price to 0.38p."
That would be a near 100% rise from here. The original deal guarantees just £1.4m to RRR in the first tranche and another £840K up to a year later. Why on earth would that result in a 100% rise ? DS in recent months has bought over 100m shares here and despite even that level of buying, the SP has still fallen to new lows.
Selling El Limon would lay a foundation stone. It would be an important milestone set against the past years of failing to complete deals but that foundation stone would need to be built on. The proceeds from the deal would HAVE to be used for something significant that itself would return shareholder value and it would HAVE to be perceived as such by shareholders, thus the company imo would need to be upfront and specific about how it intended to use such funds. Let's hope that stone is indeed laid and we can build from it.
Ii's getting exciting isn't it! Unfortunately, by past experience of the expiry of these exclusivity periods, we probably shouldn't expect any news until early next week - after all NMC have until the end of today to commit to the transaction, to seek a further period of exclusivity or to walk away. I hope I'm wrong since I am , like many here I suspect, on tenterhooks.. As far as which it will go - I think it's pretty safe to assume that they won't walk away given the on-going developments on their listing via Prize. I hope they either have the funds to pay the first tranche to RRR or are confident enough of securing them by 10th November in order to commit now. Unfortunately given how close to the wire things are - I suspect that a further extension will be required. If there is a further extension then I hope it is shorter this time - patience is running out - but given the Prize fund-raising development I think that if any further delay is accompanied with something tangible (and or a sweetener) to increase confidence then I'll not be too unhappy. Its looking like it WILL happen and soon...
None of that prevents NMC from simply buying from us in the first instance, as per their original offer. Then can float it all they like after they've bought it from us, who cares? Is their buying from us soley dependent on being able to float it?
(1) El Limon finally gets sold = with this excitement it rockets our price to 0.38p.
(2) We get a Jupiter quarterly end of October that estimates each Jupiter share to be worth 30 cents. That would mean our 27 million shares in Jupiter would be worth over £5 million = this RNS announcement should cause a frenzy that will hopefully rockets us up to 0.69p.
(3) Resource star go ahead with exciting prospect cloud lands. RSL is relisted and the appetite for cloud lands surprises all stock market analysts = because we own 20% in cloud land and cloud lands share price zoomed to the clouds then this helps Red Rocks share price go over the magic penny.
(4) Horse hill hit the jackpot. Analylists are startled by how much oil is in horse hill. regency mines and alba whom we have shares in rocket to amazing prices = because people associate us with Regency it doesn't matter we only own 10% because this Regency association makes pi's pile into sister company Red Rock which sends our share price to 1.52p.
Hopefully over these next few weeks something like that happens
What on earth are you talking about? They are floating el limon on the stock market. How else would they do it? Buy El limon and then float it? They are going public with it, so the shareholders obviously need to buy shares in it. They are not just going to give it to shareholders. They are raising money via the stock market for maintenance and upgrades. Remember this will include El mango too. They are using prize as a quick route on the exchanges.
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