The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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First time posting but been holding for a long time now and watching all the posts on here. Some useful, too many utter nonsense and now filtered.
News should be coming soon on sales and progress this year giving us an idea of money in the bank and income which i'm sure will be positive and some good news to keep the SP going. And nice tgo see it staying around the 3.1p / 3.2p levels today.
As for a pending sale, it does make me laugh at all thoise saying, almost daily that there'll be an RNS tomorrow announcing the sale. Keep going guys, one day you'll be right :)
A sale at these levels, potentially in the region of $500m, and that's a wild guess, will take time. No company will make such an acqusition without spending a lot of time going through all the documentation, mine information, statistics, history, contracts, proven reserves and more. This takes time and they will want their own experts to do all this. On top of that we have legal involved, contracts for this type of transaction will be detailed and take time to put together.
Of course i'd love to be proven wrong, a sale sooner would be a great Xmas present. But I do anticipate it taking some time ot get a deal together. I guess an announcement to say an offer has been received, shares will be suspended, legal will get on with contracts and a deal hopefully will be done to all our benefit.
In the meantime, i'm holding, watching and waiting and whatever happens to the price between now and a deal or no deal announcement is irrelevant to me. Even if a no deal is announced they are operating one mine with 100% operations and return, further progress elsewhere can only reap further rewards longer term so either way it's a win win and i'm in no rush.
Good luck to everyone in EUA and here's hoping for a cracking deal in the pipeline.
very good post, Hodgeyd!!!
So what's your theory for the accelerator clause being activated for the warrants if it's not because a deal is nigh?
Welcome aboard. Like the overall sentiments of your post. However i’m slightly more optimistic about the timing as I sense this has already been ongoing in the background for a while. Also feel that your guesstimated end game number is at the lower end of the scale, but let’s see
What makes you think that it hasn't been done in the background? All the checks, talks, contacts, negotiations, etc etc etc. The fact is that we don't know. But another fact is that they sped up the warrants, which suggests that something is brewing in the background (hopefully).
Zak Mir saying that sp has consolidated very well indeed and is not in over bought territory. If we can push on past the 3.4p resistance level over the next couple of sessions, then we should see a push up to 5.5p. GLA.
Yes, very encouraging word from Zak Mir about EUA. It's looking good, folks.
I suspect they want to get the warrants out of the way before releasing the WK RNS. I think some big news will land next week. Something big is brewing in the background. I can feel it in my waters.
All of your messages are valid and possible. A deal may be further down the road than any of us could imagine. I'd like to think if it was then a suspension pending completion woudl be sensible. Too many leaks of info in deals like this imo.
Warrants, it was a clause that could only be activated 10 days of constant SP level, timing is such that they could, had it dipped below for just one day then it wouldn't have been activated and we'd be none the wiser.
Appreciate all the good comments on here by a handful of posters, keep em coming and i'm sure this will reward us with some good news, when is the only question tha tremains.....well that and how big is the deal and where will the SP end up LOL. So much to come and patience is all that's required.
So has the accelerator clause been activated just because they can under the ts & cs or because something is brewing short term?
And as I said, these are just my thoughts and i'd love to be proven wrong and have deal news in a week or two. Or even days.....
reasons for not believeing a deal has been worked on for a long time, announcing the banks as potential intermediaries is one, the two banks must have interested parties, if they have the nI doubt they'd be that far down the road yet being that the announcement was quite recent. However, the announcement of their Special Advisor more recently I think has more strength to it and could be that a deal is in depper discussions and he has been brought in to assist with the detail and nitty gritty stuff.
None of us know for sure, we all have our opinions and until news breaks we just have to wait. I'm sure the SP will start to rise if news is more imminent as it usually does in my past experience.
Rob is right. The two banks have probably been working on a deal for weeks and weeks. They are highly unlikely to drag this process out for too much longer IMHO and especially when you take into consideration the fact that they are both working on a "no win, no fee" basis. With the rarity and value of what we have in the way of PGM's, it's not exactly going to be a tough asset sale. It's like selling ice lollies in a heat wave.
Nearly turning green.........
Incoming!! Big rise just starting. 3.28p rn