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TBTT
Whwere shall I send the flowers when this pops
Tiger showed his hand the other week when Anders kindly posted the reason for his sale; accusing him of being a rat leaving a sinking ship.
I really don't like using this...but...lol
Food for thought. Better than the dross being put up this morning. cheers.
Curious as to investors who are short what price they got that short at ? Are they angry because they shorted EUA at say 15p and are now hoping and praying that it’ll drop back so they don’t lose so much money ?
Nope, the post just caught my eye on the side column.
To be honest, this never-ending soap opera is getting boring, so you'll hear less from me. But still very confident of my final valuation. But how long the BOD can string out this "final sales process" is another question. Could be months yet.
Rusty... your numbers are out I think. SS has 80moz + reserves and 450moz +resources.
Regardless, not a fair comp. Their q1 ebitda was 1.3bn. Annual ebitda was 3bn in 2020 and 1bn in 2019. In comparison the ACF 2020 estimate for eua was 10m.
TBTT, remember GGP at 1p? I remember you there chap, always de-ramping, in GGP's case you thought it wasn't even worth 0.5p a share lol. You sir are the most disingenuous poster of all. Fagin himself would be proud of you!
TBTT - Many thanks for response, complete with actual facts as always!!
I only asked the question, what could EUA be worth? didn't specify a time frame.
Didn't speculate on the outcome of the FSP, ramp or deramp, just put some facts out there on SSW
Wish some other posters could do the same
Come on bumble he is short I hope he gets burnt. An rns could land anytime very dangerous game to play.
Tiger avidly watching EVERY move on this BB and responds instantly to any resource/valuation based comments, yet reckons it's a dog...Hmmmmm....???
South Africa safe lol. Idiot.
TBTT,
If Eurasia is so "poor" why are you always here?
And no BS please on you're mission to "save" people.
Very, very sad.......
Hi Rusty Dog!
Your comparison is ridiculous, Sibanye Stillwater is a well-managed profitable PGM miner operating in one safe jurisdiction (Canada), and one fairly safe jurisdiction (South Africa). Its PGM reserves are only one part of its valuation.
EUA is an early stage explorer in high-risk Russia with 2m ounces of low-grade Russian C2 reserves, and some other exploration targets and potential finds, that may or may not add up to something after large amounts of money are spent on them. Oh, and it has a tiny "mom and pop" mining operation in the Urals, which is meaningless.
I'm still going with a rough valuation of around 5p per share for Eurasia.
I wonder when this never-ending sales process will finally end. It hardly feels like a buyer is eager to get the deal done, does it?
SSW: SIbayne Stillwater. Please follow the links and do your own calcs:
Issued shares: 2.95Bn
PGM (Reserves) 100Moz (this is approx but not massively out, read the reports and come back with a better figure please), just focus on PGMs
Market cap: $14Bn (current SP 6,500c (ZAR 6.5) = $4.5)
SSW Annual Reports (2020):
https://www.sibanyestillwater.com/news-investors/reports/annual/2020/
Latest SSW share details:
https://www.sibanyestillwater.com/news-investors/share-price-tools/
Please pick through the reports and back up any errors with facts. Yes there are some approximations in the PGMs but not huge.
What does that value EUA at?????
Not a ramp or deramp, just facts.
OK, someone will come back and say our resources aren't JORC etc, but accept that they could be!!
Good luck to all and best wishes for seeing this through to the end