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On twitter it was mention £3.50 to £4.50 a share. Im guessing this is garbage
Probably stretching it a good bit.......but it would be nice wouldn't it ?
did they put the decimal point in the wrong place!
All for it lol. They probably did put the decimal in wrong place 35p to 45p they probably mean. More realistic.
Here's the tweet, it's a valuation based on producing 20 tons, something which is not currently planned for. Current plan is for circa 4 tons. You'll see it also covers various different prices levels for palladium -
https://twitter.com/GMF782/status/1219620130210054144?s=20
GLA
What some seem to have missed, or just point blank refuse to accept, is that the 1.9Moz is just the start, when the flanks land it goes to approx 15Moz, then there's the possibility that they put in more extension applications -
"To summarise, as per the information from the Russian Cadastre:
· there are potential resources within the existing Company licence and the flanks application of c.15M oz. This includes Eurasia's current state approved reserves and resources of c.1.9million ounces (see the Company's Resource Statement, announced 15 June 2017) and c.13Moz detailed in the Russian Cadastre;
· additional potential resources occurring within 5km of the Monchetundra Mining license and areas neighbouring the Company's deposits of c.4M oz; and
· additional potential resources within the wider Monchegorsk district in which the Monchetundra license is located of c.21M oz.
The potential for the area could be 40M oz of PGMs, but as stated above this data has not been independently verified by Eurasia and other than the area covered by the Company's existing licence the Company does not yet have any other licences in the area"
Now do the math on 40Moz, so the possibility for it to grow to such levels is there, whether we get that far or are bought out beforehand no one can say at this point!.
GLA
Eurasia have the special rights to the area, it's just how the russian law works over there -
"As a direct consequence of the issue of the mining right, the Company was entitled, as per Russian sub-soil licensing laws, to apply for further ground in the immediate vicinity of the mining license. This exclusive right is in place to protect parties to which a mineral discovery is credited, in the event that their mineral reserve can be shown to be continuous beyond their production license."
GLA
and because of all the 'potentials' the share price remains flat and tiny. We need these miners to realise the so called potentials and give us shareholders something to celebrate.
Well is hasn't remained flat though has it, it went from around 0.5p a share to where we are sat now, only further progress will get us to other levels, all of which are quite clearly in the pipeline tbh imho.
GLA
Sadly missed that opportunity in Oct (story of my life) so I only see it as flat from when I bought in. Not doing very well playing the stocks tbh. 10k down on 37k investment on various stocks since about Nov 19.
The real opportunity was from around oct 2017 until feb 2018 from memory, they were my favourite days for topping up!.
There were not many people around on this BB back then and the company had nowhere near the interest that it has generated recently.
We also all know the change in metal pricing since back then.
The company is now in a very strong position, when the MT flank license lands then it will be even stronger.
We all talk a lot about MT due to palladiums rally, but we should not forget that WKs area has increased several fold with flank extensions to where it sits now at around 117km squared, It's now a quite a large area at wk and it's already in production!!.
From here, things can only be expanded on the licensing front, more ground and more PGMs. Same on the production front, it can only hopefully be expanded from where we have been, multiple wash plants will hopefully be the WK theme this season.
GLA
Gold dust give it a rest.
Just to point out that while WK was profitable last year, I don’t think it will be this year because of the reduced output. I’m expecting the 2019 accounts to look fairly poor. Well, just the figures. I’m expecting the ceo report to be very positive!
It will be 18 months or so before we see WK profitable again, and I expect it to make just about enough to cover admin costs, ie net profit to be zero. But, a lot of that admin cost is directed towards selling MT which hopefully will make everything I just said completely moot.
Deal will be done long before any final results need publishing.
Reason why past accounts are meaningless for EUA:
You have two houses. You have a mortgage debt of £26,000 and can service that debt with other income. Roll forward many years to the present day when those houses are now in a very sought after area and are worth £millions. You are now looking to sell at least one house with at least one being highly sought after for £millions. Now change that to two mines with highly sought after Palladium in abundance and multiply the numbers by a thousand.
That's why the past accounts for EUA are not important.
I agree in sentiment (although WK is not with billions)
WK needs to be developed. It has many PGM metals, including rhodium. MT would provide funding to upscale WK to a level where it could be worth billions.
I think this may be a slightly longer wait for news than this week week, or next.
The potential here is enormous. The BoD are well aware of that. The silence to me suggests that they're negotiating hard. We don't want the potential value of our shares to be undercut, when in reality we could be in receipt of a far bigger sum if we're patient perhaps for longer than we'd like.
I'm leaning towards a total sale of the company at the moment. However, if we receive anything under 30p a share, I think we should go it alone and do it all ourselves. The ball is in our court. I'm happy to wait a bit longer.
One thing I will say, if MT is up to 15,000,000 pd only. Multiply that by $2,000 and you arrive at a figure of $30 billion.
Looking at shortage of reserves ongoing in the market, pd is only going to go up slightly from here, or at least stay the same.
Auto makers don't have much room to manoeuvre because of emissions laws. They need pd.
This doesn't take into account our other resources, assets, all the potential contained within.
These are extraordinary times for an AIM company like us and I just want the Bod to get it right. I'd rather wait a year for an incredible offer, than sell now for what will be pennies to a company like Norilsk, even if it looks like a 6-7 bagger to us.
Patience, my friends.
Our Bod are incredible and highly experienced. Lots of skin in the game. They believe in this and I believe in them.
That's just for MT Londontown. They have all that expertise on the BoD now just to sell up both? Unlikely. Unless they get an offer for both they can't refuse of course. With loads of money from MT they will have WK as a plaything they can rapidly upscale with all the best mining equipment. Great playground for that expertise on the BoD and with loads of money to spend from MT.
I do follow the same line of thought. Somebody mentioned the other day that this is the lifework of some of the members on the board, who have been with the company for 11 years now. The experience among them is truly something, which makes me hope they immediately reject anything below what they themselves have as a target. Dmitry for example bought in at 5p a share. He in his head will be well aware he's after a 10 bagger at least, from there.
It's a good strategy you've lined out. How would you personally like to receive the income? I'd prefer a special dividend for MT sale with a cut off date, otherwise we'll shoot up and people will take profits. Of course we have to see how it plays out.
There is so much potential, WK is a great resource I think. If we develop it for the next 3-4 years, what on Earth might the share price be then? Sino contracts helping us and equipment ready.
I honestly think everybody knows we have to potential to go to nosebleed heights, but nobody wants to say it for fear of being accused of ramping. Main thing is just to trust that Bod will get it right. They haven't waited this long to take a low offer from outside groups. I note they're at a conference next weekend in SA, I doubt the RNS will come before then as a result. They will most likely be having private meetings with investors and potential buyers, at that conference.
You've pointed out Londontown that MT could well be valued at $30 billion. We could therefore easily get $2 billion or around £1.5 billion, considering time considerations for mining and the cost of mining. That equates to around 50p per share. I would suspect we could get around 20p per share as a special dividend (around £600 million). That would be very gratefully received by shareholders as it is free money on top of still keeping their shares and far greater than anyone would have paid for them. The remaining 30p (£900 million) would then be split between funding for upscaling WK and for possible future dividends when they can drip feed the market with dividends while retaining sufficient contingency for WK. That would also have the effect of maintaining the SP as investors would not wish to sell with dividends at some future dates. That would also enable the BoD to ensure financial security with the company and therefore their positions.
Some say that only $150 million is needed for WK but that is the minimum and doesn't allow for contingencies or fully upscaling development at WK or maintaining the SP with future dividend payouts. The actual breakdown could well be different as it depends on knowledge we don't have but the BoD will have.
Spot on Stockdale, that’s been my theory all along, reward shareholders including the many company employees (Dmitry big shareholder and bought £1 million at 5p) who own shares, with a big dividend, hold back some of the proceeds of the sale to develop WK and retain some more to pay out dividends protectting the SP from dropping off ......... common sense in my opinion and a win, win :-). Cheque please xxxxx ‘so many reasons to be cheerful 1,2,3+ ........ billion
Things might have changed with regards to wk now with pt demand on the up trend but I've always thought wk was just a means to an end of keeping the finances in the black while they chase permits for the tundra mines. I think it's rinse an repeat. Wk is only to fund the exploration costs for the tundra areas an tie up the other 25/30 mil ozs before another sell off
I would prefer the Special Dividend to take the form of Tax Efficient B Shares to reduce the associated tax payment as much as possible.