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Yes the FSP would need to be declared complete so the FSP is ongoing as per last RNS regarding it, can i add the delay over holidays was more in regard to the WK update we were awaiting at year end... the FSP has been continuing and also has work to strenghten the company for any potential buyers, yesterdays RNS stated clearly 2.2moz proven the other 13 moz needs to be proven to take our price up. People ask why is at 30p SP. Once MTs 13moz proven that will take price up and also once EUA decide by RNS what mines out of tbe 9 they will get involved in... howevwr i exoect a buy out beforw this... what do i reckon ?? 3 pound a share yes i ****ged Hoochy and Rowka but obviously alot has happened recently , major news in last fortnight and the BOD are giving us curve balls which we didnt see happening for us genuine shareholders better good
mjs94
You make an interesting point, I think a fair few on here were a little sceptical of the 'delays' point when referring to Christmas and Russian holidays - and if indeed that had been accurate then 3-4 months later you might have thought was enough time to tie up all those loose ends.
I genuinely do think the price rises in the last 6 months have had an impact and I have said so a few times, I know they use average and historic prices to agree a figure, but who would do that currently, the house price analogy used here several times is simplistic but appropriate. You don't put 25 years work in here only to give it all away at the last minute.
I am fascinated with what is happening here and very positive. If the FSP was over we would have had to have been told, we weren't, at least not in that RNS and there was the opportunity to do so, ergo it is still very much on. I do think we will get even more regular news now as well, at least prior to the EGM.
Loving these Friday RNS's, gives you loads to think about and discuss over the weekend!
' I pointed previously to the metal prices on the EUA presentation where they projected forward to 2020 and 2021, well those have been absolutely blown away and even if they were being cautious as is likely, the rises we have seen will have been a very welcome surprise to the BOD, so perhaps 12-18 months ago they would have accepted £2-3m but I am not so sure now. Maybe we are actually holding out for proper value and at the present time there is no one able or willing to afford us, so we press on.'
It's intriguing, something tells me all events from December up until the AC sale are all related to what we see now, including the Rule 2.9 announcement and the FSP update, it all points to the idea that the BOD were happy to sell the full company (maybe for 2-3 billion) at one point and were ready to move to a binding offer, but something changed.
Something changed and as a result, we had an FSP update referring to delays, we had AC releasing some funds and the Rosgeo JV announcement.
Wherever it goes from here, who knows, but it seems like we are about to be part of something huge.
Toyota annual revenue near 300 billion dollars
Wow, well we have previously said that there were more twists and turns to come, that the BOD love a surprise, but this was left field!
Couple of things crossed my mind:
1. Very impressed how tight a ship this is, an awful lot going on with an awful lot of people but seemingly little getting out.
2. Mentioned before about how 'expensive' we were possibly getting and the potential for a disparity between what we believe we are worth, and probably are, vs what a competitor is willing and able to pay. I think this really might be part of the challenge we have here (a great one though). I pointed previously to the metal prices on the EUA presentation where they projected forward to 2020 and 2021, well those have been absolutely blown away and even if they were being cautious as is likely, the rises we have seen will have been a very welcome surprise to the BOD, so perhaps 12-18 months ago they would have accepted £2-3m but I am not so sure now. Maybe we are actually holding out for proper value and at the present time there is no one able or willing to afford us, so we press on.
3. I think some of the sceptics and derampers on here have suggested that perhaps EUA is not all that, that perhaps we have ideas above our station in terms of importance or worth of the company and that outside our own little world no one is really that interested in EUA, at least that is how it has sometimes felt. I think this last RNS has put pay to that, we are known and wanted the world over and there are many eyes on what is happening here.
So what happens Monday?, goodness knows, share prices never seem to react how you would expect, so I can only go on what I think, and what I will be doing, I will not be selling, not even if we move higher, I have my 'lot' now so would not be buying anymore either but if the share price does a silly drop I have money ready and will definitely consider picking up some more.
Good luck all, this has certainly been fun, but I do believe we are in very capable hands.