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someone offloaded a few there..
Full ask paid at 0.04
blue
When I say released them I meant to the asx (sorry)
Lr was ready to release them before, I cannot believe he would keep them under wraps at all, they will be released straight away me thinks.
But they have still not been published
Lr did release the numbers it was the asx that took them out!
It’s gone to NT to buy
I Can see a rally this afternoon gents. In anticipation....
I'm already heavily invested,and keep topping up thanks!
I believe this will not change much until we get the financial backing that this project needs,after all it's just in the ground at the moment. These ss and npv are welcome its still in the ground.
Could get interesting in today/tomorrow.
M m spot on. Another piece of the jigsaw
It’s worth reminding ourselves that the mining application went in several months ago, which shows a lot of confidence from the team. The cogs are beginning to turn on this one.
I think back in November it was oiltap that did the calculations and he used very conservative figures to reach $180m if my memory serves me right. So in conclusion it could be more, much more. Time will tell. Surely the RNS s have already been carefully written and will be released in methodical order to maximise share holder value.
@Oiltap...this being the case the NPV could be over $250m !!! Now that would be awesome.....everyone has underestimated IMO....would you agree ?
Nice post Nigel.....Let the countdown begin !!!
Going back to November I think a few people worked out that the NPV was around $180M. This was calculated using very limited information. LR spoke "Intersted in any offers for the mine at discounted rates", so I was just quoting £100m as a figure I would be personally happy with. Of course more would be welcome, but I dont want to see this given away too cheaply because of cash flow issues.
Numptypi, I agree, too many variables to put accuracy on this until we have news and concrete figures to work with and a future plan.
Historically other mines have sold for far more, with approx same metal values as us.
Hopefully tommorow ? Monday will be the start of news flow, and the calculator will be working overtime to try and evaluate what we really have, and a more accurate NPV which should be contained within the SS.Then we just have to watch the SP rerate.
24 hours to go, Hopefully.
GLA
Yes thanks, I asked the question in absolutely the wrong way! I should have asked nige what that value/amount paid might be in his view.
leslieby, you would just divide the amount paid for the company by the number of shares in issue which can be found on the company website.
Nige, if that were the case, do you have any notion as to the value per share? If so, would that be a guestimate or is there a reasonable calculation to apply?
Option 3 for me.£100m will do nicely thanks
The reason I resist putting figures forward is because there are too many variables, on what basis are we valuing, also remember that the ss isn’t completely out yet, and that any deals might be part cash /part shares elsewhere...
1 going on alone but requiring cash,
2 jv as either junior partner, 50/50 or senior partner
3 sold in its entirety
Numpty
Not putting a figure on it but it's multiples of our mcap many multiples I mean 20 million would be 0.35 which I think is reasonable tbh
as things stand, I have two intentions, firstly to find out precisely the missing details of the ss, and secondly to return this investment into a positive, somewhat north of our current position, Both are expected early on Friday and both relatively modest expectations. We should also have some updates on progress, and possibly more...? After that I shall gladly reevaluate.