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The FSP is unlikely to conclude prior to the egm therefore I do not believe it could drop anytime
Although immaterial in the grand scale of sale, JV , part sale... etc
The SP may be migrating to the SP of a fund raise....
GLD and 1711,
We did a massive oversubscribed raise at full asking 22p so the coffers are full therefore. . .
Can you tell me WHAT is TMS talking about? ? ? ?
PGM price continue to rocket and Eurasia sp dips.....I’m sure we’ll be back up in half an hour
I've been in since pre-suspension and have topped up in the months that followed, and i'm not selling, but it's difficult to see the price fall continually considering spectacular RNS after spectacular RNS. Picking and choosing when to focus on the share price is frustrating from the board.
"I think the market is becoming a bit sceptical of a full sale the longer the process takes...."
I think jelly legs are worrying that this is the case, but the market is being held down by institutional manipulation and low volume, which exist in a feedback loop, keeping volume low and prices down. The smart money in the market is loading up and holding long for when the SP goes vertical, which it will in due course. If the FSP was in danger, it would have collapsed by now and we'd all know. The longer it goes on, the bigger the deal. UBS and the rest wouldn't have been here for over a year (including informal negotiations) if there wasn't a deal to be struck. They would have bailed out a long, long time ago.
well then the market is full of idiots who don't understand m&a transactions
This is grim tho..
They're only losses if you sell. A "loss" on paper means nothing if you don't.
I think the market is becoming a bit sceptical of a full sale the longer the process takes....
Still waiting and will continue to do so. If it was any other share I would have cashed out by now. But the bid situation and fsp could happen at anytime? Currently I am in the red with eua and my losses are building up by the day. Come on BOD let's get this deal over the line
People we had 4 weeks ago the best RNS we could have
2 weeks ago the Tamerlan RNS
How fast do you think things can go??
Those who can buy over here..good job
Wait and see
Because the FSP has gone on 8 months people are losing confidence? mental. This is now potentially billions and billions of pounds worth in a takeover.. That will require a lot of DD and a lot of legal work to complete the agreement, especially if there is multiple parties.
Just to add to this: I don't believe in all the market manipulation theory's to be honest.. I think it's just people selling out due to the length of the FSP and the risks involved...
I tend to agree too. Never before I have doubted the company and I have never sold any shares. However, my confidence is really getting lower every day now... Why does it take so long to convert a non-binding offer into en binding offer? I am very sad to say but if we havent gone up by the start of May then I am afraid I will sell half of my holding :(
Even though this has taken far longer than id hoped, no one can say the time has been wasted! The BOD as promised have been increasing shareholder value all the time in the background- imagine if wed completed four months ago only to find out we missed out on the mega rosgeo jv? Ive managed to get more shares than i ever would have and now have a very comfortable holding- even if it sells for £1 that will be life changing for me (i think itll go for more though!). All the squabbles on here about final prices- there are a gazillion different calculations we could use to work out the value of this so pricing it must be an absolute nightmare!
Im hoping for some more news soon, seemed to be every 2 weeks so hopefully end of this week/ early next week
But keep the faith, trust the BOD, load up more in these depressed prices if you can - itll all come good soon
GLA
And as I said before earlier, even if no deal, we go ahead ourselves with EPCF and mine c.140moz. How is that bad?
We are going to re-rate one way or another
Absolutely right JCMuscat - this is potentially an enormous takeover. It can I'm afraid take up to 15-18 months for something of this magnitude...People need to get a grip
Still confident, don't get me wrong it would've been nice to have had it wrapped up by now but it's without question worth more now compared to the beginning of the year and there's been no rns saying the fsp has concluded with no binding offers so I'm still confident and just check back on here now and then or when vox alerts me of an rns. GLA
Yours is a very honest post with reasonable reflections which do reflect the concerns of many.
However i will state again thay company sales of this size often take 12-15 months to go through. It might be May next week but i am sticking with (and have saying all along) based on those timescales this will go through in June. I could be wrong and indeed hope it is sooner but the wait only affects the share price ( in the short term) NOT the fact that the sale is going through. Ride out the calm then enjoy the storm!
@seasick, I tend to agree with you. My confidence is getting lower too and with looking at the share price others are feeling the same. If this is as nailed on as we keep being told on the board we wouldn’t be down 10% in a month
Clearly the latest updates are nothing like anyone imagined I presume many have jumped ship thinking this is now a long term play (3 - 5 ) years. I tend to agree with that sentiment, I have trimmed up my position due to portfolio risk. But what keeps me here is the exposure to PGMs
Probably even more confident given all the recent RNS. I can only imagine how complicated a deal it is to price and structure legally with all the recent news to price in and the daily increases in the materials we have oodles of.
Dissapointed it's taking a long time, but happy to wait as I feel the outcome will more likely be positive (in one way or another).
If it was going to sell or alternative for a small figure, it would have been dealt with months ago.
I don't think we'll hear of any offers until one has been agreed to vote one
Let’s all be honest , are we still as confident in a sale as we were back in the autumn ? My personal situation is started buying at approx 5p but also brought at the highs , as of the last week or so I’m now down and would dearly like some news of some sort , so I was 100% confident prior to mid jan , but only 50/50 now, something doesn’t feel right I just don’t know what , I just can’t get my head around the length of time between non binding offers and even one binding offer ? May next week after all ?
Gla all , let’s all hope for a conclusion