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Hi msj94,
If you want to make suggestions as to my motives then you really need to go back through my posting.
Your idea of how the risk reward has changed is different to mine because you are you and I am me.
I don't subscribe to anything having really changed between non binding and moving to binding because there is no guarantee one will become the other and my concern has been around the SP should a JV be the result of the FSP as I couldn't see any gain if that was the case.
The share price since I sold out has gone down and the price of Rhodium especially has risen markedly and, despite you seeming to want to suggest I am shorting, I am the one person who linked to there being Rhodium at MT via EUA's drilling data there as written up by geologists not EUA themselves who have never said there is Rhodium there. Strange thing for a deramper/shorter to do when Rhodium prices are going mad ?
In case you hadn't noticed I take a very dim view to there being no detail released for the DFS at WK so hardly something to make me change my mind.
That smell of dead rat, couldn't be you could it ?
MrYFronts,
'What has changed. The share price has gone down and the price of PGM's has gone up. So the risk/reward has changed.'
You just exposed yourself with this line.
The share price has been going up and down for months, PGM prices have been going up for a while.
PGM prices are at the same levels they were when we were previously in a similar share price region and the share price was just stuck.
At that point in time, we didn't have notification of non-binding offers, the WK DFS.
The risk and reward didn't change because of the share price movements and the PGMs, the risk and reward factor changed when we had the first notification of an intention to move to binding proposals.
But from that period up until recently, you had 'sold out', and were extremely negative about the prospects of the FSP.
But now, all of a sudden, shorts are closing left right centre, and we are reaching a period of which binding proposals may be released, no wonder you changed your tone.
Clam on as much as you like about being an early investor, makes no difference because the bottom line is when it really came down to it, you spent a whole month spouting crap about the FSP and the potential outcomes, and now all of a sudden your risk and reward has changed?
Everyone can smell the dead rat in the room.
I have been raising issues since I first posted here if you want to go back to my earliest posts. I raised the fact the BOD suddenly went silent regarding the 2019 mining season and it was clear why at the end of that season with the lack of production and said it was worrying how totally detached the BOD was from knowing what was happening at WK that year.
Hi msj94,
What has changed. The share price has gone down and the price of PGM's has gone up. So the risk/reward has changed.
I haven't tried to subtly deramp, I've raised issues I have because I am an investor not a gambler and with all the unknowns it remains a gamble regarding how much it sells for which is why I won't commit much to it.
Relating to company RNS's can't be deramping unless you want to accuse the BOD of deramping.
13.3moz is unknown in terms of what will end up being economical to mine because inground value of potential resources means nothing if you can't mine it economically and not all the 13.3moz is there according to the company. 11moz is where EUA has drilled before but left alone to concentrate on WN and L.
EUA's website gives reserves for WK from September 2017. No update despite the company saying each year they will update. In the same RNS they said they were considering re estimating the reserves at MT, but they haven't.
How much they do have is anyone's guess but it is just that, a guess.
There's the reality and the dream and I invest on reality at this mcap with a vague hope it will come out well based on having first invested here in 2015.
"2moz on eua website" - id be extremely shocked if there is less than 15moz once the confirmed details are released. Either way, both me and you are about to become very happy.
MrYFronts,
You spent the whole of the month subtly deramping this share whenever you could, indirectly rubbing the share price drop into the faces of shareholders here and you defended all of those who were trolling as if they were adding productive conversations.
You had claimed there was too many unknowns, you didn't feel comfortable and that you had sold the remaining stake.
What has changed?
Nothing, no RNS released, no update, zilch.
I doubt you even sold, if I'm being really skeptical, you've been adding more all this time, just another Monty.
I added a few more today but there is too little detail for me to want to add more unless we are updated to say more of what we actually do have as opposed to might have.
Hoochy im just gonna let you know , ur WILD .. ill take this opportunity to say in a nice way ive never replied to ya and wont again , peace out :)
This is not an average sale!
Shake yerbooty look at other miners that have been sold is that not the average figure??
That is your assumption her marik, i hope you are correct. Not challenging just trying to talk some sense. It still says 2moz on eua website for a reason thats what they will get full value for, the rest of whatever is there will be graded based on where EUA are with studies IMO, obviously WK has the dfs released without figures of certain metals, that interests me but consevative value 1.20. ANYWAY GOOD LUCK :)
Thanks for that BalconyBaz.I must remember to sell my house for 10% of its value.Never heard anything so stupid.
Thanks Guys didn't mean to cause any rift. Only just bought in today as I'm hearing the sale is coming to a conclusion.
I'll stick to my guns too, we don't have long to go before we find out who is right. But, in all honesty it makes little difference who is right or wrong, as what I do know is that this will be a decent return if either of us are right. Good luck Baz
NN wouldn't make an offer for £2bn for a £20bn asset, it would be much higher based on the known assets in the ground. 10% is what I've used in some of my calculations.
As i said ive reviewed reports that have been paid for to be carried out by specialists in this field, id be interested to see your working, ill stand by my guns and stick to approx 1.20 in the hope of 1.60 on a bidding war
Well if it 20bn in value, they say a good sale price is 10% of value, so were at 2 billion, 2 billion they say 2 x 0.35 which would give us 70pence im my calculations
Anyways Kumar and all new investors, there are a range of values for the fsp. Eurasia is a very good share to have. It has a strong short term potential. To truly understand the expected fsp, dyor, don't rely on myself and others. Good luck.
Balconybaz. We have our own ways of working out the ground reality and translating this into a valuation. I have a lot experience don't this and hope this will as always serve me well. The argument flows both ways, as one could suggest that 120p is undervalued and will be putting potential investors off. It would assume an approx 15-20bn in metal value.
Dore, you mean insider information? Thanks for stating the obvious that the insiders will know more, but that shouldn't stop you from at least making an educated guess. Read through the RNS and the CEO interviews. That provides enough information for a best case and worst case. The insiders will naturally know where we are likely to fall. DYOR
35 is based on nothing marik, pie in the skye. Ive remained quiet and observed for last 2 months since i was last challenging any derampers and rampers which i got bored off. 50 p is below the acf and also the other 2 valuations i have put links on my history. alot has happened since they reports tho. Im sticking with 1.20 albeit if there is a bidding war could be higher. Still not as high as 2 quid in my opinion. Lets no drift from reality and cause others to get lost in a dreamland.
Unless you're my boss toon, I will decline your request. Oh hang on, I am my own boss, so the answer is firmly no. Dyor.
Wtf12 - I've given a range of valuations based on updated understanding of the company and as such my model changes. I've had an overall positive experience and the comments made by some are done either with a pinch of salt to keep the mood light hearted or when the poster has been lacking basic understanding of investing let alone the complexities of mining, but feels confident enough to posit 50p as a plausible fsp. Obviously the latter will irk the lth.
marik could you please provide a break down of how you come by that valuation? Many thanks.
Year2020, absolutely spot on, I saw someone get filtered by '£35 man' and called a deramper because he valued the share at £2 something post-sale - bizarre.
I enjoy this board and because it's a good way to exchange useful information and there are some good posters with very interesting points but it's become a bit cult-like in recent weeks.