Firering Strategic Minerals: From explorer to producer. Watch the video here.
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The newest 'poke around' guys checking me out on LinkedIn:
Dimitrios Zouzias, PhD 2nd degree connection2nd
Consultant Geologist in Mining&Metals | Equity Researcher
https://www.linkedin.com/in/dimitrioszouzias/
M&A ADVISORY & CAPITAL RAISING
NRG IS COMMITTED TO PROVIDING HIGH QUALITY ADVICE AND TRANSACTION SOLUTIONS
Our understanding of the industries where we operate enables us to engage with clients during all stages of the life cycle, and our in-house technical and operational advisory capability provides the skillset needed to optimise the potential returns of a project and / or the value of a mature asset. This, combined with our global network and A&D experience, enables us to deliver high quality advice with regard to financing solutions, joint ventures, asset divestments, the appraisal of investment opportunities and acquisitions.
http://www.nrgcapitalpartners.com/advisory/
And then a new Centamin LinkedIn reply followed (a day or so ago):
"Don Lawson, the Company have not made any false statements. We have clarified this point with you several times but if you have any further questions, our offer still stands to arrange a call."
https://www.linkedin.com/feed/update/urn:li:activity:6904372198862393344
--------------------------->>>
My Thoughts:
Maybe it's all connected?
Also, while I do appreciate the offer to talk with Centamin - management could just choose to unambiguously answer the outstanding questions re: the missing HiSeis data and the suppressed (vs not suppressed?) multi-deposit discovery.
Is this potential bad news?
Not for me would welcome a takeover as expect a nice premium on current sp
Will larger mining companies try to take over smaller ones in anticipation of rising gold prices?
Centamin are trying to divest to themselves of Batie West. Asset divestment is one of the areas of expertise mentioned.
Hi Steve,
In that the Endeavour take over bid rejected by Centamin and voided by Endeavour on the 27-29 January 2020 at 127p per share, and that gold in January of that year was 1550 - 1580 dollars per ounce what do you feel would the Institutions holding Centamin feel an equitable and acceptable bid price would be now. I ask the question on this basis as although private investors will have possibly strong views the decision would be in the hands of the Major Institutional share holders. The views of others with considerable expertise on this would be most welcome .
Bob
Normally 20 or 25% premium,but with Cey having improving prospects I would say 150p or a bit over would do it as I would put it in an equally bombed out rival but have a third more capital in the new investment to grow.
Tough one to estimate Bob as not on the inside. However, I would not disagree with Sotolo here- rationale: 1)improvements since wall issue 2)met targets since then too (albeit they were very conservative) 3)they don't need to sell out so won't be a low ball bid 4)new Egypt concessions are at improved rate compared to Sukari deal so this can only stay the same or get better, not worse 5)much of what is said in his recent presentation 6)what he said on a results RNS webcast- can't recall exact date but do remember he saying all of work puts in better position to be in the m&a arena
If the price of gold does continue increasing and stays hight, what price could CEY reach?
How long's a piece of string...
Interesting comments and thoughts Steve and Sotolo
I only have questions and not answers
1) With Central Banks having to decrease and or stop Q.E and the consequent drag on the market
2) Increasing inflation
3)Geo-political extremes (Ukraine, fuel prices, exclusion of Russia from the world banking swift system etc and the subsequent hit on the P&L and balance sheet of global Corporates. Plus the reduction of world wide disposable income
What premium will a stung balance sheet. robust dividend policy and a supposedly safe haven investment have when general market value drops like a stone.
Interesting times we now live in.
Bob
Answered already in below Bob.
For a buyer- it depends on why they want it that dictates the price they are prepared to pay.
Couldthis return to 200+?
I understand Endeavor has just joined the ftse100?
Yes it could return to 200 if gold price went to 2300, and if not accompanied by a market crash lowering PE’s in a general rush to liquidity imho