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Yeah mate, same here, The involvement of UBS as the M& A expert involved in brokering the deal has made me revise my estimate form 2 figure share price to one that has £ signs in front of it...
I'm happy holding and waiting for the BIG news
Kind Regards
DIFTK
Thanks DIFTK and all others,
The UBS involvement is the latest detail that is really making me sit up and take notice of the shear scale.
I saw something online last night that showed that UBS had 42 M&A deals in 2019 and made 82.3Billion ( that equates to around 2 bill a deal). However they also brokered this Hitachi deal worth over 6 Billion
Links Below (please remove any spaces in the main part of the web address)
Kind Regards
DIFTK
https://www. global data .com/ubs-leads-globaldatas-top-10-global-ma-financial-advisers-league-table-across-asia-pacific-2019/
https://www.f n london.com/articles/the-big-name-bankers-working-on-hitachis-6-4bn-abb-deal-20181217
You know, my thoughts exactly, they could have given me a call if they just wanted a 20p deal, lol
UBS wouldn’t shake the **** off the end of their dicks for less than a quid..we are and have been, massively undervalued, we are the last, the very last, mine of our type, with positions outside our flanks worth the same again..cmon guys if we even get 10% of what I’m thinking it’s around £1.50 + anyway we will find out soon enough
Gla
Apologies EUA.
The last pandemic in 1918 came in three waves over two years, the second wave four times higher than the first, so who knows where covid 19 will take us, that was 100 years ago, talking of which, the Chinese are known for buying for the future the current situation won`t deter them going for EUR.
Trust me you would not have huge banks involved if we had low ball offers. The likes of UBS would just laugh down the phone. This is going to be very impressive.
Hi. Don’t think there will be an impact over 30 yr time frame but could well influence Pd prices over the short, even medium, term and hence our sale price.
SA is on the brink of a C-19 disaster which could well mean mining is hit hard (considering the deep mine working environment) which could increase the shortfall.
(On the other hand, will there be a lasting impact on car sales if home working and changing work patterns embed? Difficult to say.)
Overall, I think, it will be a positive (not wishing ill on anyone who is affected by C-19, I hasten to add) in the context of our sale, right now. Open pit mining as EUA has recognised, is safer and less likely to be interrupted by C-19 safety precautions, and by general manufacturing 21/22 demand should have returned to something like pre-Covid levels.
I’m sure those interested in the company will have been factoring in these aspects of supply and demand, as will our BOD.... and amending the value upwards as a result,
I hope!
GLAH
TC
That's it, covid is on everyones minds, right now and going forward, for us, and for the BOD of eurasia and any company looking to put their bids in.
As we're all sat now hoping that a second wave doesn't come, the reality is that businesses have to make preparations in case one does come. The NHS for example is preparing for a second wave, that really is just the very unfortunate position every one is in at this precise moment in time.
So what do PGM businesses do to lower the risk of it crippling them financially?. That's the question they will all have on their minds.
GLA
I doubt anyone is wishing a second wave Mac is simply stating that the likelihood of one is high and pointing out the implications of it.
People at my work are planning for it but certainly not wishing it in any way.
Where have i wished that joey?. Unfortunately the second wave scenario is a strong possibility, you have to accept that and then try to understand how one may effect things.
GLA
Neither would i joey, but if you were sat in a big company's shoes and needing to try and limit the damage of a second wave, and also aid the recovery of your company after any pandemic, then you would potentially seek low cost, fast to production/already producing, assets which can also be worked in a safer socially distanced manner.
Customers still need supplies.
GLA
You have to remember that the big boys need to provide secure supplies to their customers, which in turn makes eurasia of great strategic significance for many companies right now. S.A will takes years to get back to normal, that's as of right now, throw in a second covid wave and S.A problems only increase further.
All open pit at eurasia and so it's very easy to work in a socially distanced environment, that in itself is worth a huge bid right now.
GLA
If we all get a cut of that 4 billion..... holy smokes. The derampers (shorters and missed out crew) will be crying tears the size of October cabbages. Shorters more so tho I think.
A bidding war is pretty much a foregone conclusion for eurasia, MT alone will be a highly sought after asset, and add in a asset which has carried on producing all the way through this pandemic with WK and eurasia is sat in a very unique position.
AIMHO
GLA
If bidding war kicks off it could get really exciting. I can't remember who it was but someone posted the Lionore bids that took place when they were sold. Was interesting so hopefully someone can re post
There have been many informative posts regarding sale price and how it was worked out.
However, with the Stimulus programmes ongoing and Mining executives generally speaking being bullish on all commodities.
My question is: There are several potential bidders that will be expecting inflation, then how crazy can the bidding get?
I am sure these companies will be desperate to hold assets and not cash.
So what is the dream bid that is still realistic but naturally less likely.
Based on all I've researched I am now confidently expecting >$1 Billion and now believe greater than $10 Billion offer is not beyond the realms of possibility.
Just for a little qualification. I point to the fact that 1 Million Oz/yr. PGM is the new target as opposed to the previous 125K (before Flanks etc.)
My prediction is now $4 Billion for the complete sale.
GLA.