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There's so many unknowns all we can do is sit back and wait.
There may be 1 or more companies involved, could even be Governments, Russian / Chinese???? Banks?
It take as long as it takes.
If it spills into April I will be trying to free up funds for the new ISA.
and of course you commenting on it....?
I agree that the potential of what is in the ground has to somehow valued at a price acceptable to both sides. Given there are / were multiple interests then I expect there may be different propositions also on the table ie JV, offers for parts of assets or full buy out.
Pretty complicated on all aspects eh!
That is the reason we have had no news on a conclusion so just sit tight.
I also think all parties are still in the game as if any dropped out, non disclosure or not, there would be a few in the know about the true sale value and would be tempted to at least curry favour with tip offs to others.
Expect this to drag on for good reason.
We live in hope lol
Ha.....love it!!!!
Maybe having an mcap of 14 billion isn’t enough
Sibyane MCAP $14B..............no need.
Sorry, Billion
Sibyane MCAP $14M..............no need.
That should say ’gazumped’ not ‘hazy led’...........
It was in answer to the post suggesting the only reason this process has taken so long must be a negative one.
It is possible that over the last 6 months or so a number of offers have been suggested which have been effectively hazy led by others. I imagine this is what UBS would be trying to achieve, they will be the go between playing one company off against another.
Everything RMR1969 said and maybe Sibanye keep being out bid which is why they have just called for mega merger with AngloGold so they can join forces to buy Eurasia. Just another scenario
RMR I appreciate your post but I was wondering what you mean by ‘counter offers’?
Or if the bidders include NN and AA they will KNOW that AP's drilling data is legit!
The other big time consumer will be the bidders getting their own geologists looking over the drill results and resource estimates. This will likely involve significant queries and resolution imo.
Open your mind a little......how about.....
Price expectation continues to be raised by the BOD based on metal price increases
There have been a number of offers and counter offers
It is taking a significant amount of time to determine the extent of the resources belonging to EUA
AP are still reviewing the extensive historical and recent data and are having to continually increasing the resources estimate
It’s a multi billion pound deal, you don’t sort them quickly
Just saying! There are other possible scenarios here.
But given we have multiple offers of a non binding nature that they are looking to progress to binding, would that nit suggest there is at least one that is broadly acceptable.
If the non bindings were too far away from your desired valuation, then they surely wouldn't be looking to progress to binding?
If they were too far away, would the RNS not been along the lines of having had non binding offers falling short of our valuation so not looking to progress?
Is the scenario of multiple interested parties in a bidding war not also something you could envisage? Would also explain the delay, if two parties keep outbidding each other every week
.........and that’s the ONLY scenario you can think of?
Really?
There are so many permutations and combinations but you can only think of 1 negative one........enough said!
Fair enough we had covid but deals like this shouldn't take this long. Only scenario I envisage there is a big discrepancy in the price the bod want and the offers.
This could be seen as a positive, a game of poker of you will. But we are at the point when someone will blink.
Easily possible that the bidders walk away. Which is a risk priced into the share price atm.
The fact it’s taking ages and there are many interested parties or suitors for an increasing demanded asset. Yes we don’t know what we have. But we have a BOD with serious skin in and have been the best BOD I’ve experienced especially on AIM by a mile. Just have to believe they want the best possible outcome. It’s their lifetime work and setting them to an new level of wealth status and options for further investment of their level.
I'm not sure what people want. How can you complain about the lack of information with the same comment that they say "I know there are NDAs"
We as investors haven't a clue, but the board have all the information and so will prospective buyers. Just wait for the offer(s)... Or start a mining company worth billions and try to muscle into the FSP as a late bidder. They're the only options I see.
Dietch66, If you look at my post 9/2/21 i did a brief calculation based on information gleaned by myself and from others on this board .
I came up with a figure of £5 billion.
I hope so
Downthehatch - love reading post history last week predicting £2.40 a share. These people have an agenda. This will be huge just keep being patient.
Its all a bit suspicious to me lancerman
Lancerman....don't let them get to you....if you do, then you are beat.....