Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Ethio
there are many who have taken a position on this and refuse to reconsider despite clear evidence of what a real speeding ticket looks like. I've said whst occurred when I asked the company directly as well. If there is little upside from 39p why do they still hold??
Data supports 40million palladium equivilant which we own 80% of at todays Pd price of $2300 = $73.6Billion plus 10% for the lithium and copper = $80Billion. Of course we only have the rights to 15.5m of that right now so 15.5/40 x$80B = $31B.
As this is the starting figure and there is much more potential deeper down, further resource we likely have first refusal on once licenses are applied for and an ongoing resource upgrade, also lowest extraction cost, local processing plant etc, 10-15% of the $30B is very achievable. $3-4.5B
Quite similar to those figures quoted earlier of $4-5B mega deal back in february
Hi peeps. I also made a bit of a jokey post (based on my speeding ticket of 57mph in 50) of 57p, but I don’t think it will be far off the mark.. We have to sell this at a price that’s attractive enough for a major to be able to make an good profit margin, otherwise they will look elsewhere. I hope to get above this amount obviously, but I’d rather we sold at a 60-80p range than have to raise capital to mine ourselves. Either way I hope its a win win, but talks of £3b plus I think are miles off the mark..
Either way, good luck all.
I have seen at least 4 speeding tickets in the last 6 months. 2x at ODX. and recently at RMS.
What EUA released is NOT a speeding ticket. If you think that is a speeding ticket, you are wrong.
A speeding ticket is when the company issues a statement saying "we know of no reason why the SP has gone up recently"
What EUA issued does not say the above. They basically stated there has not been any development for them to release a formal notification. What's more, a speeding ticket is to do with that specific raise, be it 80, 100, 150% raise. It has nothing to do wit the value of the company. Look at RMS ans how to took off another 150% AFTER the speeding ticket. What tends to happen is when peeps see an RNS like the one we got here, peeps sell and panic the herd and buy back cheaper to accumulate shares. That's what i think happened here.
Its amazing how some of you cannot do a simple look up to find out more on a matter.
Below is a recent SPEEDING TICKET from RMS:
Remote Monitored Systems plc ("RMS" or the "Company") notes the recent rise in the Company's share price and confirms that it is not aware of any reason for the increase.
Go to ODX and you will find 2 similar RNSs.
When ever a company shoots up a huge %, the nomad will ask the company to issue a statement. Its an AIM policy. EUA would have been asked by nomad to release a statement as we went up from 16s to 38 in short period which is over 100%.
Unfortunately, they don't issue a statement if a stock drops a huge % :)
@Tildo - with respect I’m not sure you understand how a valuation might work for a business like EUA. For a full sale in IMO there is no correlation with the SP.
If you look at the Stillwater deal the price was approximately 17% of the selling price of assets in the ground. Yes there are clearly differences in the the production position EUA is at, but also the costs of production are much lower for EUA.
A 40p valuation would be a very small % in comparison to the 17% used for Stillwater.
It’s obviously very subjective and it could be an asset sale or JV but I firmly believe for a full sale we will see a deal that will effectively value the business at over $3 billion.
If the article that I posted last week is correct then NN will have competition in the peninsula at Barrick's former license area, Fedorovo Tundra. It said that a consortium of Rostec and a private investor are planning 2 "quarries" and a processing plant which will cost €660m equivalent with another €60m infrastructure coming from federal agency. Supported by the Far East Development Fund. 2000 jobs will be created and estimated resource is 300t of PD and 70t of PT. Planning stage now hence why the article appears very against mining (obviously written in support of the Sami) but if you read past that and take the info in terms of development plans, you can see NN don't seem to be involved there. If this info is correct then there would be another player in the region with their own processing plant so maybe NN will want to secure MT even more.
Correction - data supporting $100Bn of resources.
Hi James - my views are simply based on what I believe based on the events to date. I believe that bidding parties will have had access to data and have employed experts to assess future value. On that basis any sale price is possible as joe public has no way of assessing or knowing what’s available.
One final observation. EUA were approached by several parties in 2019. The companies value at that time was much lower than today. Would anyone have been offering £5 Bn for a company valued at less than £200M?
I hope for all our sakes the FSP process has provided bidders with data supporting £100M of resources. All our dreams may then come true.
Good luck all.
Tildo. You had better be careful with your take out price statement or you will be booed off the court. I’ve also been stating 40p - 50p several time in the last several weeks and have been rather rudely told to crawl back to the ‘Care Home’ from whence I apparently came from. As I also say time will tell who is right.
Ian
correct. I asked a direct question was it a speeding ticket and was told no and was then told it was about information in the market. It was a dip shix article talking about insiders. Very unfortunate but there we are. Mms taking full advantage to allow big accumulation. The notion the board would sell this circa £1 billion is laughable. People say £3.50 is nonsense, well so is 40p.
Let's see what the week brings but something has to give soon I think......
GLA
@Tildo - is your valuation pure guess work or is there any science behind it?
Tildo,
The RNS that was worded nothing like a speeding ticket and was issued to quell the Twitter fake news that was doing the rounds that Phill Taylor was selling his shares due to him being a company insider purely due to his large shareholding in the company, The motley fool or some other rag put two and two together and made five and accused Phill in public of insider dealing, the company could not just let that go unanswered so rushed out an RNS in response ...
We all know Phill is just one of us a normal private investor, but that was damaging fake news and the company had to say something...
In my opinion..
I see it the same way TheSharperCarper.
Let’s assume the BOD were in the middle of a £1 plus sale. Why issue the Speeding ticket in the way that they did? Why not simply say the BOD note the recent share price movement and acknowledges the movement as linked to the FSP. If a speeding ticket was required for a FSP vale of £1 why issue it at 38p. Just doesn’t make sense. I hope I am wrong but 40-50p looks like the number to me.
Good luck all.
I would love to see a £1 + deal but just can't see it.
60p-70p for me. I think the ' non speeding ticket' was a give away, or is that too simple a theory?
GLG Who has been there 25 years? Dmitry & Christian haven't!
Tricky
Agreed
There has been loads of valuations of Eurasias assets, pcommon, they are all based on the assumption that whoever buys it wants to make money from the mining the PGMs.
Is it not possible that a company whos whole future depends on a supply of PGMs could outbid other bidders by billions just to secure the asset.
They could pay that many billions that they never make any money from the production of the PGMs, they would still be in a stronger position with thier future secured.
Tricky, that would be roughly £3.20 a share then? Do you really think it will be that high?
People seem to think that a multi billion dollar deal is unlikely!
Elon Musks personal fortune has risen by $13.5 billion this week alone based on his company’s inclusion in the S&P 500
He is now worth circa $110 billion
Let’s get real
If a company wants and needs this huge resource they will pay for it
$10 billion minimum in my book
GLA
Tricky