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Back last year the BoD stated they were "Very Hopeful" for a sale before end of 2023.
Similarly - I stated I was "very Hopeful" Luton would win the premiership.
With the relegation of Luton - looks like my use of the phrase "very hopeful" is aligned with the BoD.
- keep a watch-out for this phase in future RNS - as I will be surprised if they ever use it again
(with money - it's easy to fool a fool once - but not twice)
I doubt the bod will use the word shortly again either
Hopeful to me means they are desperate. The BOD are useless but they are being paid a great salary and that is all that matters
I appreciate this is speculation but it seems likely to me that the Russian bank wants the return of money it is owed. It is therefore saying it has a prior claim to the shares in order to guarantee that it gets what it is owed. Maybe I have missed something that invalidates this line of thought. Perhaps we cannot expect to hear anything until the court case is concluded sometime in June?
Court case or not, we will still be waiting for for the sale by year end.
At the AGM the BOD will state we are hopeful of a sale by 2030
You know this for certain shares? How pray tell ?
Problem is with the failure in communication no one knows anything.
Unfortunately this seems like a dead duck to me. There's not a chance of any successful outcome for all long suffering shareholders. Yellow Jersey were solely appointed to fend off angry long suffering shareholders. Why would any company appoint Yellow Jersey for just six months or even a year. They woulden't waste money on that time period.
The appointment of yellow Jersey is cynical and means that the silence will continue indefinitely. There's will be insignicant RNS's but I'm afraid the trajectory of the company and shareholders is all downhill
Richard, calm now fella …. News is coming for sure, might even cheer you up 🍺
Richard why don’t you pack up and leave then?
Post after post of doom!
Yea it’s all over so goodbye!
🥲
Hedge Fund Manager in FT:
We are moving towards a doubling of demand growth for copper due to the electrification of the world, including electric vehicles, solar panels, wind farms, but also military usage and data centres,” he told the Financial Times.
“I think we could end up to $40,000 per tonne over the next four years or so. I’m not saying it will stay there then; eventually we will get a supply response, but that supply response will take more than five years.”
Imagine selling for 40P and then this happens. What a nightmare for our BoD!
I don’t see how selling assets by a multiple of over 30 times its mcap would be deemed a failure personally
I guess that depends on the value of the assets.
The value of the assets is only what someone is prepared to pay for them. The market has demonstrated where it thinks the value lies with our current mcap, for a bod to achieve a sale of 30x greater the mcap would not be viewed as failure
I disagree. I feel the market is reflecting the reduced likelihood of a sale given the war, not of the value that could materialise in the event of sale.
If the assets in the ground are worth 1000x current mcap, for example, then selling for 30x would be a failure. If the assets are only worth 5x mcap, then a 30x sale would be a huge success.
It's all a bit moot, as none of us on here know the value of the assets given the information we have at hand
You only have to look at the SP to see the wider market view on an outcome in the near future.
Near future value might be suppressed but investors have the patience to wait and therefore ignore the current price.
Well Tim you have already been waiting four years.
These shares are doomed , always big optimistic talk and nothing happens . Its not going to the money is lost .
Offler, for someone who claims this is only a punt for them, you spend an awful lot if your time here. Just saying.....
You are right Tim, I do spend a lot of time here, although I won’t wish a loss on anyone it’s pure comedy gold, Rayski posting about an earnings announcement, someone else claiming that the concentrate could have been sold because EUA hasn’t said it isn’t.