Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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I'll load the dishwasher, you get back to your job
IBAB FO you realise this is a minimum 18 hours a day job.
IBAB FO - Better than the telly this - I know you can't keep this up for much longer, as I guess you have a life to live (unlike your alter ego) but it's fun while it lasts - top marks.
picking it at 5.30p~5.38p and getting 5.5p in 2 months is 2~4% return in short period,
there's no much of relatively safe options on a market to get 15~20% per annum..
sxx in current position became a good alternative for diversification.
Wouldn’t make you smile if people started buying back in? We were chatting in the pub last evening about people purchasing a million at a time and sending the price up because shorts need their orders filling. We know it’s risky but if the offer went through at 5.5 you’ve won any way at that price with a 5.40 buy.....and who knows the offer may go up! It’s days like this I wish I was a multi millionaire. Oh no, thats every day. ;-)
81lucky , i will add to your conspiracy theory , the interview ,posted last night with a mr john mayer ,announcing such a good deal for share holders ,of sxx, then gives information how AAL, are iin a better postion to take this forward also mentioning a bod memmber of AAL , is a giverment minister, am i suspicious , ipa , if anybody could influence a goverment department yes a goverment minister , whom his company will make substantial gains over the coming years , ipa been a problem ,last year , but pre qualified 2016 , how long have AAL been looking 9months who no s , am i suspicious ?
The question is, on the BODs list of strategic priorities for the company and the 3-5 plan, where was ‘return shareholder value’?
Number one would be bring the mine to production. I would suggest that rejuvenate the local area would also be quite high, as was deliver material executive renumeration.
There are probably a few more points before you get to shareholder value.
I think the proposed deal ticks the first three points, but clearly doesn’t return LTH (or anyone who bought in pre sept) value. However, from the company’s perspective have they done a good job?
How do we view the channel tunnel? Success or a complete failure? It’s a complete success...... no one remembers the original investors.
I am just trying to give the internal Sxx perspective here. The mine will be built and in 5 years time the mine will be celebrated and no one will remember how they got it built and what happened.
Very sad but unfortunately true.
Sorry, fear of being boring.
flying off at a tangent again and digrassing away from people's main concern here. I have to reiterate, this IMO has always been a 'stitch up' deal with AAL, the GOV and our friends(!) the BoD. It may have been the only deal in town, at one time , but it was readily accepted and quietly progressed very early on with exclusion of any other possibilities. It suited everyone except the PI,s unfortunately they are almost always at the bottom of the food chain..
At this stage I guess 'the smothers' came on line to manipulate the collateral damage (the agenda, if you will)
Hence, now it is likely to be the only deal left.
Hopefully I am wrong and another possibility arrives and BoD eat humble pie and move away from their AAL endorsement.
With the "three sources" article leak, I'm expecting the offer will be firmed up by tomorrow latest. Then, I hope, the company will provide full disclosure on what's going on with the SR.
>> I actually think their 'Bean Counters' will be all over this, it's not exactly certain what they will endorse all,
I'm still swayed by our earlier political discussion too: if sxx has known about AA's interest for x months, then obviously so too will have the Govt known about it. If it's an ostensibly British(ish) company in the frame to take this thing over, secure the jobs, pay some taxes etc., what's not to like, from their point of view? Fanfares, northern powerhouses, Brit company saves the day.
Especially if it were to turn out that there might be any past-or-future business association between AA directors and any government figures. (Which I am not stating here to be the case, for the record.)
They'll probably not want to see the whole show getting grabbed by a Chinese / Qatari / wherever overseas counter-bid, for the way that would look politically. Which is not to say there won't be such a bid, but...
Those politics might perhaps help to explain the BoD's rather easy endorsement of AA, despite it being the first thing to come along and not even a proper bid yet. Might even help to explain AA making the not-yet-bid despite seemingly their internal bean-counters perhaps thinking it's a bit generous, given the associated baggage of Gina/bonds etc.
If there is higher political will for the AA takeover, then perhaps there is some prospect of a slightly higher price prevailing, if the current holders play hardball. But I also still think there is a small-ish but still present risk of AA's proposed bid vanishing, or coming in a lowered price as explicitly warned - if their internal bean-counters win the day (I'm not fully convinced by previous Takeover Rules posts in here... it seems to me there's always a way around the supposed rules if you're big enough).
Stacking that risk up against the unknown probability of another player making a counter-bid... but perhaps not an amazingly higher one...
I'm about 80% out of this stock now (very painful doing that, I can tell you) because I think the damage from the former would be worse than the benefit from the latter, to my residual rump of an investment. But it's so hard to gauge... gambling really.
So I dunno - off to bed I think.
Good discussions today - cheers all.
Ur bang on. Bean counters ran me! That’s one of the reasons I retired. Cash is king to them. Unfortunately that’s all they know. I wanted to deliver a quality job, they wanted the money in for their bonus. Didn’t sit well with me so I jumped ship.
Bellers,
I actually think their 'Bean Counters' will be all over this, it's not exactly certain what they will endorse all, despite imho a willing and desperate rush by other AA directors to complete asap, as I have always maintained.
At the end of the day, 'Bean Counters' will rule the roost, hence the drop in AA Sp.
I feel a bit better that Anglos shares have dropped since they announced they were in talks. :-) Small comfort but I’ll take it.
Watch this thread get deleted. They monitor it 24/7 i not be surprised.
Jiffy, it is.
Myo,
Your statement,.......'well, just imagine (and hey....hands up I could be wrong).....just imagine if there were those amongst us who had been doing the softening up prior to the announcement and subsequently encouraged all and sundry to sell.....'because it's the best you'll get'.......after the RNS.'
IMHO applies to our very clever IBAB? Yes or No?
81lucky- i would say 99.9% you are correct. I've made a few observations. And the other occasional side kick is same person. Prob one of the BOD or close ally of.
Who do you think it is Lucky?
Fred
You have summed up the fears and the knock to the confidence that this has done to many. It is quite a trauma and when the trust is gone it hurts. Partly because you could kick yourself and partly because of the lies and half truths. It hurts more because so many people were novices when it comes to investing and others, like me, got far too emotionally involved.
Oh! MYO, I had just let go and you come up with this.
You seek him here, you seek him there, the minute a nerve is touched, he is there. you know who I mean?
Softening has been going on subliminally for .....9 months (?) IMO. It ain't over the line yet.
The answer is with the Softener's paymaster.
Fred,
I would also like those questions answered. I doubt we will ever find out the full story though.
Well I must admit having held my nerve with Sirius for so long my bottle has gone really since Aug in terms of topping up. Never had any proper doubt till then and then when the doubt creeps in it’s hard.
The day before AA broke I did top up a little which did cut my losses which was well timed but I could have cut my losses a lot more if I’d pressed the buy button for the rest of what I could have bought. For once I was trying to play it safe and if 5.5p goes through I could have clawed back quite a bit more.
It’s all very well for that poster to say dig deep but the pressure of the last year has taken its toll. I don’t feel brave any more! I’d like to be going in to this with all my holding but half fell at the end. Even with AA news the several references to the buy out price being lower than 5.5p - was that engineered to get as many investors to sell as poss - certainly put frighteners on me.
There’s a lot here I don’t understand and what’s happened to the others involved in the strategic review? I was expecting big dilution and I’d jump at that now.
Why did CF make those comments about the boards and investors not being advised properly? Did he know about the buy out? We were still being told SR is going on and yet all the articles last night. I just need to get the answers and understand what’s gone on - and know every possible avenue was left to keep us all as part of the company - then I can move on and accept what I always knew about mining and risks - it’ll be my bad then!
Thanks Myo
We need as many counter arguments against the other "experts" here
Nothing is a given here !!!
ffc
My intentions here are honourable , honest guv
I think that you will find that if others are doing due diligence there will be NDA’s in place ( non disclosure agreements) so “radio silence” is to be expected. Interesting that the price is not dropping back as predicted by some here!
Good point Myo.;-)