Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Its rather scary the more calculations you do :)
40m oz in the ground current value £1500 'sh is £60bn
15m oz in the ground current value £1500'sh is £22.5bn
I know lots of factors like, mine it, tax, percentage owned by EUA, time to mine it 10yrs plus etc.. etc..
But just looks amazing when you look at these figures
Franny.
Perhaps you didn’t realise it was a tongue in cheek comment. If you care to check my original guess it was 10p. On the assumption we would have an RNS re Nomad only and no sale news.
Please see the funny side of it.
Showmethemoneysh.
Travel restrictions will be lifted in Wales on 6th July. Pubs won’t be open till 13th and then in the garden only.
Brookkers - thanks for the synopsis there. Very, very exciting !!
Thanks Brookers. As you can appreciate, with all the excitement and overload of messages, key ones like this get missed.
Thanks again and thank you also to Hallster for the reply to
Cheemap - I posted this a few days ago regarding the ACF report for your info ...
Using discounted cashflow calculations, ACF derive GBP values for EUA assets as follows (see page 12 of the report):
West Kytlim £33m (1.11p per share)
Semonovsky £12m (0.40p per share)
Monchetundra £192m (6.47p per share)
Monch. Flanks £1,476m (49.75p per share)
The risk-adjusted WACC values (WACC = cost of capital or annual discount) used by ACF in their discounted cashflows are 10% for WK, 12% for MT and 30% for MT Flanks. ACF note that the 30% discount for MT Flanks is higher because there is no license and no EPC in place.
Once the MT Flanks license is issued, the risk factor is obviously reduced and the value is obviously increased. For example, applying a discount factor of 12% to ACF cashflow figures for MT Flanks, I calculate a revised valuation of £4,430m for EUA's 80% share which equates to 149.3p per share, assuming £/$ of 1.30 and 2,967m shares.
Obviously these valuations don't translate into sale prices as the buyer will be taking the risk of getting into production but they do perhaps provide some idea of the parameters for negotiation ....
As usual all IMO and DYOR
It was around 54-60p
What was the ACF valuation again please? Thanks
No. The company is for sale and you dont sell a company through a 10:1 consolidation lol
there wouldnt be any need to depending on the outcome of the sale. It would be a pointless & expensive excercise for the company to carry out. I would much rather just get paid £1 per share as they are :)
Just asking a question, its not a deramp. Do you think they might do a share consolidation of say 10:1 and then we get the share price if a £1+ ?
Thoughts please
Enjoying watching from the wings. Can you put me down for 88.6p please.
Hi there - just for info the ACF valuation did include the MT flanks but at a conservative WACC/ discount factor as the license was not issued ...
Late arrival/ newbie allowed? - 68p
Covered a lot of bases there Moosey mate , don't stick your neck out :)
GLA
So i have made a (wild) guess and honestly don't know what to expect but.....
If i was buying something, I would relate it to how the market values the item. Now the counter argument would be that the market value (7pps) is unfair (and old) in comparison to the materials we have in the ground. So I wouldn't be surprised if the offers are 20 - 100pps.
I have never bought a company so I'm just trying like others to get my head around this, and similar with timescales! More than happy to be proven wrong.
I can't bring myself to guess a price as I don't want to get my hopes up. Been badly burnt on so many shares in the past. But I do have a strong belief in the bod and company.
Fair enough GFD. I've only been here probably 6 months but been in WRES for years and subjected to abuse from trolls and the like. I have on occasion referred to a 10p party when feeling bright so i am not immune to it. Just felt i needed to say something.
Jimjam...nice touch.
Some cautious quotes appearing, trying not to get our hopes up I guess (sensible probably). We had an MCAP around £200M at 7.2p before suspension I think. About half of that is the value in Semenovsky alone (ca. £90M Au). 2Moz Pd (not the 15M oz stated) would be currently worth £3bn (for the pure metal that is i.e. if you had 2M oz of pure, refined Pd ready to sell). WK must be worth more than £20M per year based on Pt at 65K oz per year. So, for me, prices in pennies would seem a little light. GLA
Franny1968, an excellent post.
Can I make a suggestion, if we find ourselves with loads of money, lets make a donation to Cancer research, in the name of EUA investors. I for one have had prostate cancer, not clear either, but feel such a donation could make a wealth of difference to the lives of young and old alike. How about 1% of our gain/profit, some may even be able to set it against a tax bill!!!!!!!!!!!!!! JJ
Agreed - the forum is more, a stress release atm tbh - just think how awful this looked only 1 month ago with one day to go before de-listing - alot of us have been under alot of stress(not just Covid related) - its just letting off steam, with others who understand whats been goin on (its not like most of us talk about our investments in the real world)
That said the negative posters havent helped at all, esp during the bleaker days (in particular the short attack from 4p to 2p almost felt like a wipe out), so they deserve nothing from this process.
I think it is fair enough to be dreaming in this case...but to talking about taking wealth management advice before an offer is even on the table (to our knowledge) is a tad previous. A bit of humility and respect for people like the guy on a zero hours contract wouldn't go a miss rather than talking about Aston Martins, being millionaires blah blah. Shout about it when the money is in your pocket if you want but at the moment you just own a suspended share. And yes I am invested and need this to work out.
Watch back the Proactive interview from last October when it was stated something along the lines of not rushing as that when mistakes are made - we’re now 9 months on. Also told the banks not to waste time coming with any small offers
Yep prolly Bobrad @ 20.5p I'll have done my £1m lifetime target - tho most of it is trapped in a SIPP for a long while, @ 36p my SIPP breaks, so after that my excitement is slightly tempered - but really anything above 7.2p & it'll be my best investment - tho I did put all my eggs in one basket & shat myself sufficiently to lose a couple of retitement years from stress.
Ie I think I have done well from this investment - tho who knows the future - hence I keep up my regular SIPP contribution.
There's plenty money out there for M & A moneymaker -
"M&A bankers are relying increasingly on a few megadeals to sustain revenues. Transactions above $10 billion in value accounted for nearly one-third of deal volume in 2019, the highest percentage on record, Dealogic reports."
GLA