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LoL @MBW, it's only a finger in the air gut estimate of what they'd be willing to accept. I could be way out, perhaps it's £0.5m? But it might be £3m? Who knows? Since I'll very likely be de-risking on the way up, the ideal scenario for me would be for Amapa completion news to land at 16:30, and we have a decent offer for the company at 07:00 the following morning so I don't get a chance to derisk! LoL. As ever, "decent" will be quite subjective. Would I personally take an offer of £1.40 on 20% news? Perhaps, perhaps not. That could be worth the equivalent of £3-£5 to me depending on how much derisking I did if there was no offer and we grew organically over the following years. Of course, any sniff of £1.40 on the cards and we'd rerate close to that, meaning I'd probably be wanting much more than £1.40 at that point! LoL. And of course those that bought above £1.40 and never averaged down would STILL be complaining...
Just idle Sunday speculation. If we got an offer it wouldn't play out like that IMHO, though it would be nice if it did. Maybe I'll sever my internet connections on the day of the news. Hold for Gold/Lithium! ;-)
Very similar to Thor Insuvi.....
@MBW, we don't know what the BoD might have in mind in terms of a minimum offer price they'd accept in return for their recommendation. Perhaps they are looking for £1m from their recently issued options, £2m? Clearly it's going to depend on whether Amapa comes good. If it does I can't see the BoD accepting anything less than £2m personally. I make this as a share price of: £2m / 1.8m = 111p + 29p = £1.40.
Ob.
It’s very easy to confuse luck with skill.
This has been climbing from 11-31p for over a year now with normally a 5p range every step of the way. Easy money and able to considerably fatten my other stocks then come back after the 5p drop with a larger holding. Will need imminent news to break 30p for good….
I am happy for it to have been undervalued while I was buying but I believe It will come once the deal is done Mike (very soon), we're too low market cap and liquidity to attract fund managers (and no analyst coverage either) with no institutional investors currently. Personally I would not be surprised to see this change very rapidly, perhaps Glencore will take an interest post deal, maybe we will raise capital from them or others to further fund our projects (or accept a buyout offer).
Look at the volume, less than 0.5% of shares are trading daily, It could take months to get a big stake (5-10%) without moving the price too much.
If there was any significant buyer right now I'd expect the price to go up to the 45p range very quickly.
There are other platforms I'd expect us to be on more often post deal, proactive investor, crux investor etc. I personally had never heard of vox or directors talk prior to getting involved here. EMH seem quite good at marketing US listing etc, perhaps Kiran will pick up some tips. I am not surprised if he's holding this up his sleeve waiting for the deal to be done and will then have less difficult questions to answer.
Mbw we must be under the radar for a reason otherwise they would have done just that. Perhaps they are busy tidying up filing cabinets and getting us shipshape for the next phase ...
Wow that's tight,
length 189.99 meters, just one cm, I bet the tugs will be extra careful!
So what tonnage can Pier 2 manage?.
Should be "Yap Yap"
With only 149m shares in issue,the mc got to be worth another 100m,wouldn't you think at 20%,then some,talk about a fattened calf best of luck all LTH enjoy the evening.
woof woof
Got to throw the dog a bone once in a while.
Good Luck All
ev bull l new l would get it out of you ,, l can tell by your posts well done.
ev bull/ l mist the t G/L
The 15 day court order to complete aligns with whats happening right now, the legal parties have got the paper work and should do their proof reading within that time frame, like one poster here pointed out last week should take a week,
l emailed them and got no reply , you must of feed them some carrots
lol, good of you to verify.
go check the length of White Bay, it’s 189.9m ;-).
It’s happening whether you believe it or not.
ev bull/ on your info a loan l have put a top up on for monday morning , done go to the AGM if l lose"lol
game on…
From a horses mouth...
Hi *************,
We confirm to you that shipments will be done also on the pier 02 in next weeks with vessels loa maximum 190 m,
Best regards
I believe the downside is fairly well protected by the other assets especially with Ganfeng buying BCN.
We know the cash value of EMH is £15m, other assets should be at the very least £10m. So I believe there is at least 15p of value in the worst case.
Because it’s not an all or nothing play, I’m then much more comfortable with a higher amount invested (not all in but over half).
Coupled with the other facts mentioned in the previous post.
5% chance of 50% loss. 95% chance of >100% gain.
In my mind it’s like being offered 4/1 odds on your football team when you’re team is 3-0 up and it’s the last 10 minutes (and you get 50% back if they don’t win). You know there’s always a chance things don’t go as planned so you maybe wouldn’t put your house on it but you would want to bet heavily in that scenario and you certainly wouldn’t bet against it.
Oh,, and can somebody (in the know) contact KM and tell him to pull the Monday morning RNS and release it
say after lunch!!
Thanks,, wouldn't want to miss the am bun fight !!
@EV:
"I am completely amazed that the share price has remained so cheap to this point, I've bought as many as I can manage.
This is so far under the radar nobody seems to have noticed what's about to happen (seemingly blinded by disbelief)."
As you've gone all in, (and still buying) isn't there any niggling doubt in the back of your mind, any up sh#ts creek moments
if the research, BOD's webcasts and they fail to secure even the first 20%?
I know I have, compounded by the fact I added (which i said i wouldn't) when the boats started arriving...
I am completely amazed that the share price has remained so cheap to this point, I've bought as many as I can manage.
This is so far under the radar nobody seems to have noticed what's about to happen (seemingly blinded by disbelief).
Courts:
e.g. "Let the parties say about the approval of the recovery plan of the executed, proving it, within 15 (fifteen) days. After, make the case concluded and. Intimate yourself."
CEO:
"highly confident" "fait accompli"
Ports:
As below.
Other:
too much to but e.g Company registrations, ownership transfers etc
Pretty wild to me that nobody seems to be buying it, looking forward to the big one, can't imagine it's far away now.