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I’ve done very well with ordinary FTSE350 shares this year. Is it still worth a speculative punt of £2k at the current price? I can afford to lose the lot, but obviously prefer not to.
I have this vague hope that people will look at the link Lancerman has given and see where it shows the difference in values of resources and reserves and understand that 13.3moz at MT are inferred resources and that EUA have said that not all the 13.3moz is secured in the flanks (RNS 1 July 2020).
Some people need to give their head a wobble with the valuations they are giving to this.
Good morning all.
Lancerman very informative link,Thanks.
Looking forward to a week of infighting, hi low expectations, good debates and all.
Thing is shezee you actually haven't been helpful at all, dyor
Billions- Jog on you plum!
Shezer perhaps your valuation would be better based on some research rather than a figure that get you a dream amount.
Some people just need their hand held i guess
You need to step outa the bubble dude.
You are just making up lies, where did I say the company is distressed? Just coz I dont agree with crazy valuation of 30bn.
No billions your telling lies . Trying to make out that the company is distressed. Total cra p.
Everything that you spout is an attempt to cast doubt . You don't answer facts just change to more dribble . Very similar to the last version of Montyboz .
Everyone can see through you . You must try harder . Try adding facts .
Each to their own I'm only stating my views and interpretations of the facts. I like to consider every angle and look at the contrarian view.
But it appears there is a bias for a single viewpoint here no room for debate.
Billions you have no idea what you are saying it’s
nonsensical tripe to put it mildly.
Had enough of this BS your in the bin.
None of the "sensible" posters are ramping this, and no one really knows what the final figures "could" be, we just have to await the all important rns and in the mean time "chew the fat"
Talk of 1000 million oz and the bushveld complex don't help anyone.
The BOD have been approached by multiple parties, non binding offers have been made, patience is all that is needed now!
Billions is the only thing that has any truth in your posts
GLA
Billions
That last post was pretty desperate, but then your next one will be even more desperate.
Takeover rules are there for a reason. Transparency and timing. FSP bypasses that. Would have been great if there was an actual bid at the beginning which could have attracted other bidders and we would be wrapped up now.
Billions : Must try harder !
You are the weakest link.......GOODBYE !
I have done my research, have a 1m shares. There is for sure upside from the current level.
I just dont like the nonsense recycled posts ramping this to the moon. This is not fair for new investors.
The amounts we have mined to date are tidly, we dont know the plan going forward for the DFS.
The bod put the business for sale and are in the process of attracting bids. I'm hopeful for £1+ but that would be special. I expect the bod have a different expectations if Alexi is anything to go buy.
Eua entered the fsp as approached by multiple parties
Read the rns rather than posted irrelevant crap
GLA
Erm.........financially stressed ? .....lol..we have zero debt !
Thought I'd look in for a bit before the footie starts - Usual sheite from usual suspects.
Night, night, see you Monday
Billions = NOB
Some education for the sheep:
The formal sale process (FSP) was introduced to the UK Takeover Code (the Code) to facilitate sell-side processes in a UK public M&A context and to provide a limited exemption from the new tough ‘put up or shut up’ (PUSU) regime.
Potential target companies and practitioners have been wary of starting an FSP for fear that it might be regarded as a sign of surrender or failure by the existing management and most FSPs have been associated with financially distressed companies.
https://www.lexology.com/library/detail.aspx?g=886cfad0-7f5a-4577-87e8-9136cd83b835
Billions
Stop talking nonsense, you clearly have done no research on EUA.
The FSP is not a get out for the bod, they are astute enough to recognize that with the world heading the way it is (green) and the rise and demand for our basket of metals now is the time to achieve possibly greater than fair value for these assets. The only fly in the ointment being the delays from the covid epidemic!
Billions - are you another calamari / HH ?- considering you only started posting on this BB since this month !
Once again : This Is Not a Distressed Sale !
The Banks approached us - what does that tell you ?
Usually for businesses that are in trouble or want strategic change.
OMG can you please stop .....my sides !!!!!
Exactly compared to less then 1p the current price is like a jackpot for the bod.
Billions this is a wind up !
Im not going to bite