Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Still an absolutely ridiculous market cap considering what’s potentially coming
We are getting closer and closer..🤞🤞🤞
SUN not dun lol 😆
Or in a salvation army hostel 😆
Not loaded buddy, this is my pension but I can see me being in the dun when I reach 55.
You must be loaded! My dream target is £1+, clearly nowhere your holding. I hope your optimism is justified and there is a really brilliant Aim success story here.
Me too buddy I've been adding last few days, my holding is sizeable, but I have faith. Fortune favours the brave, I now only need 18p to hit the nagic number 😆
Topped up at 3.86 so let’s hope for news on the JV in the next few weeks.
Could be a quick 3-4 times SP explosion. I have rarely seen such an undervalued mining stock. Let's see.
Traders can smell a quick 25% from 4pps. If I had the cash I’d be in for it
People still nibbling away at it.
Reflecting on the admission document from Dec 2020 (when the sp was 12pps!), we need to remember that it CMET was reversed into the cash shell of EPO. IIRC there’s something like £40m of tax credit available to the company if it remains UK domiciled for earnings and taxation. Not an insignificant consideration for the board. I think that lone will stop a buy out in the short term.
Given that the 20th of this month is a Saturday,
there will be an RNS confirming JV deal on friday 19th, so next friday.
watch the strange quantity and frequency of buys end of this week start of next week as the Sri Lankan gov. officials and family buy as much as they can, before they rubber stamp this....
"Griff" as hes known in the business hasnt joined for no reason, its all good people. trust me.
in 12 days time this will be at least 15p and still moving up.
....the month which in past years we have received news in RNS. Does not guarantee same now but would be nice.
All this is academic - it all hinges on what the original aussie investors would settle for - all in share offer as part of Sheffield still gives them all the potential upside here plus part of an aussie group already listed in Australia where I'd guess they'd prefer to be.
I'm not saying it is going to happen, but given the cheap buy-in the CMET board have facilitated for Sheffield it would not surprise me to wake up to that red dot one morning. If Sheffield win the JV the probability is even higher.
We should remember that the original LB JV was proposing $81m (£63m) for a 50/50 Jv and 100% offtake. If they offered that right now for whole project, it would equate to 18p per share. There’s parties know the value and future returns
I think anything below 10p would be peanuts too Sebo, so I’m in same camp as you, and I would bet the tr1 holders are too.
We were well over 10p before our licenses taken from the GSBM. Now we are in a even better position than previously as all the legal implications has been resolved and much better relationships with SL government, GSBM & BOU.
Less than 10p would be a criminal for a asset with so much of potential.
By peanuts I mean less than the highs of late last year when we had a buying rally. If we get bought out for less than 5 p per share -- I'll be very disappointed. And so will many LTHs who are still in the red. I think you know what I mean by peanuts, are you a lawyer or someone very literal?
I don’t think it’s the management who would be able to settle for peanuts.
A minimum offer by the offeror (should it be Sheffield) would be the highest price paid in preceding 12 month, which would be Sheffield option at 4.891p (they’ve included this in their tr1).. and then they’d have to get the major shareholders onboard to vote it through, who will also want a return for funding the co through a few raises, last being 4.25p. Between those other tr1’s there’s circa 30% plus of float, then account for other large holders. It won’t be peanuts as in down here.
20p will work for me, but i can live with 40-70 lol
The only thing that could stop a takeover I think would be the fear that the SL authorities would then use this as another delaying tactic - I think I remember them doing exactly that with another company where they argued there had been a change of legal ownership which they hadn't approved - or something like that.
Hope the management don't settle for peanuts given the size of the resource. You never know with Aim. We'll know direction of travel soon.
I hope I'm wrong but unfortunately I see this getting taken out for a small premium (full price probably under 10p) on an all-share offer most likely by Sheffield given what's happened recently.
Someone seems determined to keep the share price down, for whatever reason.
We’ve all see the analyst view of 46-70p on known resources etc. With the ‘false dawns’ we’ve endured so far, and the fact we’re on AIM, IMHO I think we’re likely to see around 12-15p as our future base. This making us valued c.£40m. I think we need to see physical action (diggers opening up site, lanes marking, port being dredged and refining plant being built etc) to push us up and beyond that point. I think some of that can happen really quickly once the funding is available, so we’d bounce on north of my estimate in successive bounds on a regular basis.