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Some really good posts from sbrace & Mac last night. I can see both sides and IMO the issue I have is the BOD used the word “shortly” for JORC announcement 4 weeks prior to the buyer completing its DD and at least 9 weeks before having the Rosgeo licences (we still don’t have them). Someone says after DD it can take up to 6/8 weeks to complete the deal. Mac thinks they can’t announce JORC until the sales complete. Therefore saying they would announce the JORC shortly was simply never going to happen. It’s understandable that the naysayers have used this as a way to disrupt this BB and every day the BOD are silent makes matters worse. I 100% think the BOD need to clarify where we are at. After 2 years we should not be trying to figure out what’s happening, it should be clear. Meanwhile with nothing from the BOD the manipulation & disruption continues.
It's frustrating, but given the scale of this and the players involved, I doubt there is much they can legally say until the deal is done. NDAs and what not
Stejstej; if that’s the case then why did they say in an RNS that they would announce the JORCs shortly. Something doesn’t add up here, they also said they are fully funded for Rosgeo & DD is now complete for a sale both would suggest to me they have the JORCs.
Yes del and the reason for frustrations is that they’re saying absolutely everything up to the point of announcing something and then they’re stopping. In every avenue.
Thani RNS again today may be tonight if not than one day we will have RNS don’t worry guys be patience for next few months
Agreed sbrace; technically all we could probably sell at this point is WK & MT (not flanks) either that our the BOD have the JORCs but contrary to their RNS they can’t announce them! You have to ask who the F is advising them ref communications to shareholders.
Russia’s Nornickel Ups Investment Forecast by $6 Billion. They could invest it in improving infrastructure or simply buy Eurasia Minings assets
https://www.highnorthnews.com/en/russias-nornickel-ups-investment-forecast-6-billion-over-next-decade
Ragsrob; what’d be the point in fabricating something? Maybe if they just told shareholders the actual facts then shareholders wouldn’t get frustrated.
I think some of you need to calm down stop reading and taking in the nonsensical drivel from naysayers and trust the fact that UBS, DLA Piper, Wardell Armstrong are STILL totally enagaged in bringing this to a succesful conclusion.
Also consider the fact American ii's are invested at 26p and wanted more.
When the compnay has succesfully completed the deal (assuming that occurs) and given the above we can safely assume things are ongoing then they will release the news, all you have to do in the meantime is get on with something else, pointless fretting about somethiing you have no control over (*caveat to that is selling if you need to of course).
This date last year when we entered the MSCI Global small cap index we finished the day up 38p and the following two weeks , lets hope the same happens again before the monster RNS.
Beast. I think most of the legal energy has been going on rosgeo.? Think they should explain the overrun on the jorc.
My most optimistic theory is that there is actually a bidding war, so the BOD don't want to accept an offer until they see other offers first.
If there is a positive reason for the delay I think the BOD should do an update spelling out why it is delayed things.
This is getting predictable now. Goes up towards 30. Everyone is in FOMO mode. Then drops back down. I know what I’m going to do when it rises back up again
Wise words Beastie, wise words.
The continued participation of these 'key' major players is reassurance in itself.
Ian, kindly put me down for a stonker on 21 12 21 (Tuesday)
Cheers.
.
Could’ve made a fortune buying and selling this one.
Del agree with what you are saying, especially with what would be the point in fabricating something. There has been so much fabrication on this board just lately we just don't need anymore, especially from the naysayers. They certainly put in a shift last night, with overtime in some cases.
At last. A poster with some common sense.
That’s exactly what they need to do.
Morning all. I've woken up this morning feeling very positive, read this morning's posts and decided that, after yesterday's negativity, I would post a positive possibility. I acknowledge what I am about to say is highly unlikely, but think it is more likely than some of the negative views put forward.
What if the BOD got the JORC and the figures are better than they expected. The buyer had agreed a price and due to the higher figures there's a need for further negotiation and and additional finance.
I think that would be a fair reason for a delay.
Just saying, there are possible positive reasons to balance out some of the negative cr4p that we read here.
I've also decided that my filter has been under used recently and I'm going to increase the number of green boxes today. I think I will start with Herbie.
'Beast. I think most of the legal energy has been going on rosgeo.? Think they should explain the overrun on the jorc.'
This is possible and get your point however we also do not know if they are/did 'JORC' further areas or if the license transfer is (for example) part of the NDA via the buyer, and JORC not to be released until license transfer complete then potentially JORC, licenses and details of the buyer/offer are released as one?
Now I get the frustration I feel it too, but given the many potential facets of a deal which you alluded to and various ways this might conclude (all conjecture on my part but one I see as viable) I think we can probably all agree this is very large and very complicated?
Hence given the incredible progress of the BoD to date I am satisfied they are working in their own and our interests, and shelve the frustration in the meantime.
There probably is a reasonable reason I think it just comes down to the fact that most invested saw this as being concluded by now ( myself included ) it does make it a bit frustrating when you see other opportunities passing you by but not enough to make me sell and move on. Large part of my portfolio was moved into EUA with a view to knowing where we stood by now. Hohum. : )
No one cares what you’re going to do.
They just want this drama to come to some sort of conclusion.
Shortly
Jorc would ideally be published a couple if weeks before Christmas or we might see money exiting.
I believe Rosgeo had the licences transferred to them a couple of weeks ago. IMO we await the transfer into EUA hands from Rosgeo prior to Jorc being released. That process could start the ball rolling on everything in terms of news. No doubt Richard or Alex on twitter will find that prior to a RNS from the company if you go by historic licence updates
GLA
Herbie adding FA to this converstation, another example of the disruptive negative agenda which clogs up the board with rubbish as it is unable to add anything of value to the discussion.
Binned.
Great to see you here Mark , thankfully your very seasoned to the complete clowns that LSE boards possess