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Let’s have a Coffee & a Recap on the positives & recent market position
.FSP ongoing & we await further company updates as per RNS
.UbS & piper thrashing out the best deal for shareholders - months into this , are we nearing a conclusion
.Precious metals gains value & EUA have them oozing from every orifice .
.The stock recently - full reversal from 21.8 continues after the manipulation in market mechanics
.further manipulation on last 4 sessions - stock held 27/28 -
.Accumulation of stock via the Mia trades to fill large ii buy orders.
.Huge delayed trades in last 5 sessions as a result of orders filled & delayed kippers on deck .
.ii increasing positions on the long side as noted on the updates ( continue to increase )
. https://www.morningstar.com/stocks/xlon/eua/ownership -
.noted on the 8,3 potential Blackrock shorts closing - however not huge positions but positive & unlikely to effect sp
.1p off the veles purchase of stock from Alexei- @ 29 ( bit of a hurdle )
.Alexei not selling any further stock purely a personal cash call .
. Phil Taylor has added to his 28 million of stock three times in last 5 sessions .
.30% up in 8 sessions
. FSP anticipation brewing for a potential March conclusion
Noted a full reversal last week at 22 & sticking to it it’s all about the potential FSP ,, however whilst waiting the big boys are loading up & driving this stock north .
ii like this stock
Phil Taylor likes this stock
Markets warming to this stock
Let’s face there are yet undiscovered marine species at the bottom of the Mariana Trench that know the EUA deal is on the table !
Your either on board this magnificent beast or tossed overboard & miss the Herculean conclusion
My original take out guess was 88p a year ago so will stick to that .( obviously happier with higher& potentially could well be higher )
All in my opinion
Massive Rums all Round
Toxic Truffles # Bot Flies
Only posting to assist any newbies as unfortunately there is hidden toxicity in the shadows on these boards , where there is money it attracts agenda - fact
I’ve seen it for years & said it before on here the history & print doesn’t lie so when monikers come on here & perhaps drop into some of the following categories ,
They can be sniffed out like a ‘ Toxic Truffle ‘ with an agenda as this is an public open forum & all historic quotes can be back tracked & viewed including hiding behind a new monikers ,
.New account with some lame historic story or oozing superiority complex of previous ventures ( bags of these )
.Try & disrupt for attention ( a few of these )
.Have an agenda via talking with forked tongue & playing one poster against another
.Narcissists ( one or two of these )
.Fantasists ( plenty of these )
.Wannabe ‘wolf of wall St ‘ however failed to ‘Mudskipper of Bog St ‘ ( half dozen of these )
.Multiple accounts swapping sides of the fence to suit agenda ( been seen )
.Shorting crew spreading false information on the company ( oodles of these)
.Crazy Rampers spouting masses guesswork to suck investors in ( easily spotted & best ignored )
.Goading other genuine investors who have lost money ( sadly a few of these )
.Paid keyboard warriors disrupting the board flow .( plenty of these )
.Or just green eyed toxic monsters as other investments have failed ( need to take responsibility & really shouldn’t be investing )
Perhaps if you tick any of the above take a good look at yourself & your life & ask the question ,
Where did it all go wrong , when did I become a toxic ringworm with an agenda ,
Or was it just the red & green wires were put on the wrong terminals at birth .
Watch your backs all investors & always read back on posters history months if required ,
Invest on your own research , facts , & gut feeling on the monikers old & new .
your money , your decision , your responsibility- period
All in my opinion.
Phycological Rums all round .
Tilly, morning to you. What's your view on binding bid submission? Do you think there is a deadline in place?
Good morning Tilly and well put sir! I think the one you missed off which is the one that I detest the most, is the “I’m an investor here, but what if the.....have any of you considered the ....” contrarian clever dicks, thinking they know better than anybody else, planting doubt in peoples minds to try and get them to sell or average down or whatever.
They can all go to hell!
Enjoy your Sunday lunches folks !!
saxonaxe - yes they are sooo annoying
Belstaff ,
Morning mate , Lancerman has jumped in ,
Not my area of expertise & absolutely no one on this board knows that answer all guesswork as is the potential offers ,
In the world of ‘ non binding to binding ‘ they say 4-6 months but this complex .
I believe the markets believe it’s imminent as ii & other investors have increased holdings & will be anticipating some sort of update during March & thats my thinking also .
Cheers
Saxon
Morning mate , massive Sunday Roast later on with all the trimmings !
Cheers
"In the world of ‘ non binding to binding ‘ they say 4-6 months but this complex ." - where on earth do you get that timeline from Tilly? Provide a source or it's bull.
GLA
thanks for your reply Tilly. It does seem to be very close now. Fingers crossed.
PS. Is there really going to be an EUA party? I think that's a splendid idea.
Mac ,
Afternoon mate ,
Not offended by that statement as said the below
Like I said certainly not my area of expertise at all & like I say no one knows that answer as I’m sure the detail must be rather complex otherwise piper wouldn’t be involved ,
Just googled it previously , however not really bothered as prepared to wait no problem for the conclusion
More interested in the market behaviour over coming weeks , months .
Normally, the process takes between 4 to 6 months. The period will depend on the urgency of the buyer to carry out Due Diligence and complete the transaction, and whether the selling company is able to complete the competitive process of selling a company, whilst generating interest from multiple companies.7 Sept 2019
The 10 Key Steps of Mergers and Acquisitions in How to Sell a ...www.ilpabogados.com › the-10-key-steps-of-mergers-and...
I appreciate this probably has no connection to EUA just outline guidance .
Cheers & Rums all Round
Thick as two short planks !
Just rushed out on deck & Septic Lils sat there on her own looking Gormless
So I said ,
‘Why are you sat here on your own ?’
Septic replied ;
There’s no one on deck I think All the shipmates are probably watching the band
So I replied
There is definitely no band playing today
Septic answered ,
But I definitely heard a shipmate shout ..
A Band On Ship
She’s as thick as two short planks but we love our Septic Lil
Roll out the Finest Rum
I can't see any mention of a time frame here for going from non-binding to binding Tilly -
https://www.ilpabogados.com/los-10-pasos-de-una-adquisicion-fusiones-y-adquisiciones/
I do recall someone stating the average time of the entire M&A process was around the time frames you state.
Non-binding to binding -
"5. Second Bidding Round and Process Letter II
By deciding on whom to admit into the next round, the process officially enters the second phase. This phase is determined by the opening of the virtual data room as well as intense due diligence done by the prospective buyers and their advisors. It usually covers a range of four to eight weeks and is governed by the process letter II. Towards the end of this phase, the buyers, given continuing interest, must submit their binding offers, which determine who will enter the final negotiation phase."
https://merger-strategy.com/the-non-binding-offer/
GLA
We could be in for a long wait once the deal has been announced from what i can see -
"The average time to finalize a merger or acquisition has risen to 38 days after it has been announced — 31% longer than in 2010, according to Gartner, Inc. Closing dates have grown even longer for midsize deals ($500 million to $5 billion) and large deals (more than $25 billion), which take an average of 106 and 279 days to close, respectively."
https://www.gartner.com/en/newsroom/press-releases/2018-10-15-gartner-says-the-average-time-to-close-an-manda-deal-has-risen-more-than-30-percent-in-the-last-decade
We're going to fall into the midsize deal area of that article, by most peoples valuation guesses anyway. During that wait the SP will be around the deal price level though.
GLA
It's quite possible that people are simply getting confused about where we're currently at in the FSP/M&A process, how long each stage takes etc. Where people say months from here, for it to be completely finalised that looks to be correct, for the binding deal announcement however, that looks to be imminent. Of course, the finalisation could be done quicker than what is quoted in that article, that stage all depends on the lawyers tbh. We'll see once once that binding deal lands flapping away on deck : )
GLA
Mac ,
Agreed & None of us know the duration of the deal or the potential figures chucked on the table ,
The link I posted was general on m&a the paragraph above was from another link but doesn’t matter was just quoting what I had read , all not related directly to Eua deal .
Prepared to wait as long it takes to get the best deal , however would be chuffed to meatballs if landed during march .
Like I said not my field , I will stick to markets & crap jokes & camaraderie.
Cheers mate
It’s 105 days until we can have a beer with anyone, anywhere, so as long as it doesn’t take that long we are ok, lol. GLA
I've found it Tilly -
"Most mergers and acquisitions can take a long period of time from inception through consummation; a period of 4 to 6 months is not uncommon."
https://www.forbes.com/sites/allbusiness/2018/08/27/mergers-and-acquisitions-key-considerations-when-selling-your-company/?sh=6aff87224102
We can only presume at this stage that that time frame relates to your average small company due to the suggested closing time frames for mid sized deals elsewhere. 4 months for a mid sized deal would be a struggle from what we know of suggested time frames for certain portions of the M&A process, closing would be three quarters of that frame with a mid sized deal you see.
GLA
Indeed Mannamead -
"Advising on market comparable valuations"
So where people have been comparing to Sibanye for their shareholder valuations to get their SP guesses, the investment banker has been doing the same. Playing quite a critical role, and when you dissect Eurasia's sale process to date you can see exactly how each person and advising body falls into place for the bigger 'For Sale' plan. It's all very interesting and teaches you a lot about mid sized deal procedures tbh.
To give people a good idea, if he wasn't needed when he sold a portion of shares for his urgent cash call, then you can ascertain that his roles mentioned in 7 have been completed!
GLA
Mac
Cheers mate
Mac
Meant to add , I knew I had read it somewhere ,
anyhow I guess all have different complexities so timings & circumstances will be different, but gives us all a base camp .
Rums all Round
Just want to wish all genuine investors good luck this week, let's hope we have the big RNS land and we can start partying... On our own of course!
Gla...
They have the brains of a plankton
A couple of Bot Flies were in court for charges of verbal waffling ,
10 hrs into the hearing they plead guilty ,
‘ why didn’t you plead guilty at the beginning & save the courts time ?’ The judge demanded
The Bots replied ,
‘Well , until we heard all the evidence we thought we were innocent! ‘
Ha ha
What a bunch of bozos !
Rums all Round
Tilly, you are one of the top guys on this BB. DO NOT EVER CHANGE. Nobody is perfect and nobody deserves to be on the pedestal or in the pit but you my friend really help to bring the REAL investors and true believers in EUA together and for that you will always have my admiration.
I am currently drinking 19 crimes The Uprising Red Wine which is part aged in Rum Barrels. Do I qualify as a pirate?
GLA LTH Rums all Round
There's an awful lot that has passed through these boards over the months Tilly, it's just trying to put as much of what is out there together to try and give ourselves the best possible picture we can get. I hope it's the 8 week window and we hear at the end of it, but, like everything else with this we'll just have to wait and see.
Time is ticking and those buyers will be wanting to get started with things like clockwork with the forthcoming season, the open pits need to be started this season imho, NN current problems point to a need for fast to production assets to come online.
All the best to you mate, keep those crazy jokes coming, they've brightened the mood on here many times!
GLA
Littlered , mac , Portsmouth
No problem , massive team effort from all of us & just check some meat on the table for all to feast on , many decent monikers on here including yourselves .
Red wine sounds as good as Rum