Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Oh and just so you know pathetic joe the money coming into flfl is nothing to do with koovs. Future group will look after itself. Koovs needs a grant from fl through the Indian government. So try again. Eua is a different beast. You might be better off leaving your money in eua for a couple of weeks and turn your back and then come back and see a massive return as eve thing is done
Smokingjoe is a rainbow chaser. Whatever raises everyday he jumps into. He jumped into trx he then jumped into koovs as he is now and he knows eua is value so he hopes it goes down so He can jump back into. He’s a mess
Joe, would you feel more comfortable if the sp was 50p? If so you’re in luck, just sit right there and wait and soon you’ll be able to buy shares at 50p. Problem solved.
No smoke without burning.
Smoking joe are you short or something because if your are you'll be burning next.... gl
Deramping doesn't work here now smoking.
Go off to Koovs then and move on...simples!
over 200 chats today on a Saturday .
wowser !
When you've been in a share for years, waiting for something materially large to happen, you do find yourself turning over as many stones as you can find.
Even i'm fairly new compared to some of the holders over on ADVFN. Some of those guys have been in for a ridiculous length of time, and i'm glad that it's starting to pay off for them.
GLA
The news will get out to wider audience once the deal has been signed. We as in the people who are in and holding now will be rewarded.
My depth of EUA knowledge stems from proper research, it is all out there for anyone to see, well anyone who cares to look close enough.
I'm more of a europe type of guy beefslices haha
https://youtu.be/w9km01hvP4w
GLA
There are lots of things that might go wrong. Statistically there is a 50% chance you will lose all or most of your investment
But, the potential upside is huge, so while your downside is limited to your investment, the upside could be ten times your investment
Ppl will say this share is different, maybe it is, but many others have lost all value after ppl saying it's different
Because the whole world and their dog do not know about eurasia.
Look at the large buys since the bank news a few weeks ago, that should tell you what types have been jumping on in since the 'for sale' sign went up!
GLA
Every
Mac, your depth of EUA knowledge is very interesting. Not a big Phil Collins fan are you per chance?
Very dog isn’t buying here because you can’t really buy big chunks as they have all gone....the party is over to get in now.
My thoughts are that the mm is now just hoovering all the bits for themselves to cash in on the explosion sale.
Sure. So why isn't the whole world and their dog buying in? (Don't misunderstand me, I'm 'in', I just don't see why what is ostensibly going to be hugely rewarding isn't being bought into by everyone)
The catch is, well, there isn't one tbh. We have found ourselves with the right asset at the right time, that's all that has happened.
No matter which way you throw the figures around, from this sp the only way is up.
Norilsks expansion plans make the sale an almost dead cert, their facility in monchegorsk etc all makes the whole thing extremely likely.
GLA
Why does all this seem too good to be true? Surely there's a catch, a downside, somewhere?
Hey,
It will for sure affect the price of the mine during negotiations. Imagine you were selling a fully developed mine, ready to go and start making cash straight away. A lot of the work has been done, and the procedures and all other elements of the projects can immediately operate smoothly. And then imagine selling one that was still 18 months away from generating serious cash, although preparations are being made and will be made with haste, it’s still not a fully developed and producing mine. This will be something (one of the FEW disadvantages) they can bring up during negotiations. But that doesn’t take away from our larger reserves, ability to superficially extract at low costs etc. So the ball is more in our court for sure.
So if NAP sale was approx say £586m, and they have 2.32 million oz - at the time in sept the Pd price was $1700 - so that’s a total of $3,944m
= 14.9 (call it 15%) of ground value.
If they had 15% for something more developed.. it could be fair to say we can get 7.5% for the ground value? Considering it would take the buyer many many years to dig the 15moz up compared to just 2moz.
7.5% of $27bn = $2.03bn = £1.57bn
80% = £1.265bn
Divided by 2.9bn shareholders (1.265/2.9)
= 43p
If we got 15% of ground value, like NAP did;
= £3.14bn ; EUA owns £2.512bn
= Almost 87p/ share (and I doubt it can be higher than this unless more Moz is proven for us?)
Thank you for answering, I appreciate the answer
No i do not work for EUA lol. I just have a fair understanding of geology and drilling results.
GLA
I do agree that just because I think that’s what we should get doesn’t mean that’s what will happen. I haven’t put a down payment on a private jet just yet....
Plenty on AIM that are way under and way over value. Never quite understood it.
Joey, I’m not sure. Just because they were operational for longer, why should that affect the value of the mine itself?