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Ian, could you change my sale price to £7.50 please. I also think this FSP will fall through. The world needs what EUA have and will eventually have to pay what it’s worth. 2023, £7.50 to £10 a share. I’m willing to wait :)
How can you compare MT without the flanks its first mover adv with that little company? You clearly have next to zero knowledge on EUA. There is a reason all the big boys want MT. Mining in Russia is 60% cheaper than Canada for start. EUA has 40Moz + and will be sold for multiple of current share price. Not long ago COS was 2p and TO price was 6.30p. If you believe back EUA and if not, you go elsewhere to make money. If you don't think there is not much more to gain from current SP, sell and run. You won't be missed.
You spent all day with stupid arguments and your motive is to create doubt. Won't work as most LTHs know what's coming. Why don't you start by checking the ACF report. You clearly have not done your research on EUA. GLA
"Billions, what's your agenda here?" - His agenda is the same as every other waffling moniker, to disrupt the research discussions that go on, the sharing of knowledge etc. Talk of months to go from non-binding to binding while never providing any source, constantly going back to valuation points while the discussion was about expected non-binding to binding timelines. It's all the same people running multiple accounts, they slip up from time to time by spouting the same waffle on their main accounts as they do from their extra accounts, when you pay attention they're very easy to spot tbh.
A quick google search will show you the following:
"Allergan will pay $533 million in up-front costs to acquire Tobira, which represents a nearly 500 percent premium to its closing price the day before the deal was announced. According to Gadfly's Max Nisen, Allergan's acquisition of Tobira will represent bipharma's largest announced premium on record - and this doesn't even include a potential payment of up to $49.84 per share if certain clinical and regulatory milestones are hit."
500% premium to closing price the day before - we don't know where our share price will be on the day before any announcement as of yet, it is not unreasonable to believe we could be back up year highs of 40p+ at that point, who knows?
I agree that the very large figures on here are fanciful, and the majority on here do not actually believe them of that I am sure, but a significant premium to current price is very much a possibility, and that is why we are here and have stayed loyal throughout all the drama and deramping.
So many positive things have happened since the FSP was announced - MT flanks, WK licence, WK DFS, metal prices, dare I say even the recent tragedy at NN mines with the water ingress potentially further depleting PGM supplies - I cannot actually thing of one thing which has gone against us.
What an absolute fallacy Billions. "show me a deal anywhere in the world if you want where the company was taken out at 10x the share price." Just because something that can happen has not happened does not mean it cannot happen. My average is 0.982p by the way, feel free to say I'm making that up as most detractors do these days and I'm rather confident of a FSP in excess of £1.50.
The difference between EUA and Cove Energy is we arent desperate to sell it. As stated a while ago this wont be sold for peanuts and if they want it, they will have to pay big money. Also we were approached and decided to put the sale sign up, doesnt that tell you something. Clearly the offers were big as we need to be tempted
I think you need to look a percentages.. If the SP went to 44p on the FSP then based on cove it was 20% higher therefore around 53p. I have seen here estimates here of 60p so its possible. Its all a numbers game
For a reality check, some may want to look at the FSP outcome of cove energy.
On announcement of the fsp the share price went from 160 to over 200. First bid was at 195. A bidding war ensued and the share price jumped to 280ish. I suspect guys on the BB were getting hysterical spouting crazy valuations as well.
We'll hear as soon as they've decided which one to move forward with belstaff, that's the time a company SP rockets to just under the deal sp level and sits there until the sales and purchase contract is done and signed. Once that contract is signed it's all legally binding, assets and cash change hands etc.
That's a suggested timeline from a 3rd party belstaff. It makes sense to have been set at the far end of that scale, give buyers plenty of time to do their data room DD and submit their best offer. A lot seem to think this is a new process, or fail to understand the significance of the non-binding deals already being tabled, we're into the final stages of the FSP process, moving from non-binding to binding, similar to a house sale/purchase. That link provides the usual time window to do just that. Once that stage is done, all that is left is for the BOD and their advisers to assess the final binding deals and choose one. Then we get to know as it is put to us, well if they're disposing of both assets anyway -
"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."