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Nicely summarized.
Easy 6 months hold and should be looking at a bagger come spud imo.
Fully agree. I think that Buffalo is deal B in the August 2020 corporate presentation which if successful as they hope would deliver around $300mio net to us as per April 2021 presentation. As mentioned before I have been building up a significant position since the new board came and adding now as for me this is still under the radar band and think they will deliver big time.
As these guys are very smart and experienced, I think they will try to close 1 or 2 deals which don’t need another RTO with large equity dilution over the next months, followed by a raise and RTO at much higher prices and less dilutive after the Buffalo drill. In any case 2021 will be very interesting and it’s always best to increase a stake before the crowd arrives. Enough posts from me and time to accumulate and hold patiently with a medium/long term horizon which has always paid out handsomely for me.
Yes I'm sure it does.
I would think that it includes buffalo - this is the first of the four
That's an awful lot of cashflow generated (excluding buffalo) with the amount of cash they have left. Will be very interesting to see how they pull it off. Definitely worth a small investment.
The investor presentation on their website provides a good indication of what they are aiming for initially. There is a slide that shows four unnamed deals. If successful it indicates cash flow of £1bn
Thanks will try to find any information.
the 2 other deals will probably be much smaller and buy some low cost production.
I doubt they will be transformative like the buffalo deal but happy to be blown out of the water.
The share price more than stands up on the buffalo deal alone.
No idea tbh - however one of the broker notes issued today speculated that two of the deals would not require significant equity - will need to find the text - could have been posted below
New in ADV.
How do LTHs see them funding the 2 new deals this year esp if they are reverse takeovers. The money they have left over surely will not provide the adequate capital and I doubt they want to dilute much again at these low prices.
Fully agree. Been building up a significant position since the new board came and adding now as for me this is still under the radar band and think they will deliver big time.
As these guys are very smart and experienced, I think they will try to close 1 or 2 deals which don’t need another RTO with large equity dilution over the next months, followed by a raise and RTO at much higher prices ie less dilutive after the Buffalo drill. 2021 will be very interesting and it’s always best to increase a stake before the crowd arrive.