The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The key here is that the General’s lawyer is out of the picture. He was the real problem here and a the reason why General wasn’t moving. Sentiment is 1000% better with him out of the way. Everyone is talking again.
Been invested in PFP for a number of years, certainly not been boring I guess :-)
Currently just invested here as I feel it could produce greater returns sooner. Time will tell if that is the case or not
I remember you from GGP too JR, are you still invested there?
For so many years there were two huge questions with this share. What and when.
There has been some movement on both, but nothing in my mind to suggest any timeline on this one
Office Manager - Yes do you? Not big exposure but up until l Friday my most negative %
EuroChamp6 , you hold this stock do you ?
JonesRichard - I seem to remember how positive you were with SXX and now you’ve jumped on this - Let’s hope the positivity doesn’t bite us again! Only saying as SXX had assets in the ground also and didn’t have the political quagmire that this has had for years. But that’s another story!
GLA
The fact that all parties are finally in communication and seem to all want a resolution would indicate that a possible T/O price could be on the table very soon, your question is almost impossible to give a timescale to as to whether we are looking at days, weeks or months but all indications seem to point to something being agreed fairly soon as a price that should be many multiples of todays sp, once again very difficult to say how many multiples but anywhere from 10p to 50p seems to be the range we could be looking at.
Hopefully Align's answers to the questions that they have put to the company will be out within the next 48 hours (Align tweeted earlier today that they expect the company to respond within the next 48 hours) presumably these answers could give an indication of when any deal could be concluded. We await more developments, in the meantime I will be shocked if the sp isn't pushing the 2.5-3p + area at some point this week.
When do you estimate a take over,if one
Potentially the Chinese have 50% of nothing should the moz courts rule in pfp favour and uphold the English high courts decision. And our courts are highly respected around the world.
Why would the Chinese risk buying 50% of nothing? Unless they want to do a deal.
Pfp are a problem that just won’t go away as the general has found out.
I think Align assumptions are fair. Their valuation of 7p is close to my high end valuation of 5p. I’m just dubious of the abundant 30-50p expectations.
Can you explain to me what leverage PFP with the Chinese in these negotiations.
Thanks
Suppose you see Align ramping. Feel free to look at their figures in the note they released and tell us all why they are wrong??
A lot of PFP PI invested at 1.0p to 1.5p. I should imagine the ramping is to provide an exit for those holders. I will hang on for my 3-5p target.
Yet the sp has gone up just over 58 % since Friday so while you have been umming and areing and genuinely being negative, other holders have made a decent return with plenty more to come more than likely, best you go and find something that you actually believe in as just hanging around this BB won't do yourself or anyone else any good will it. All the best. XX
The part that people considering investing here may not have grasped fully is that the 7.23p figure is just the 'INITIAL' figure the sp should be BEFORE the Chinese have made their bid, so you could conceivably be looking at an T/O offer of 30p + at least here imminently! I expect we may see the 112 mill one day volume of last week smashed tomorrow or one day this week and we could easily see a 500 mill + volume day this week imo.
The Chinese own 50% and the General owns 50%.
What did the Chinese pay for their 50%? This would be a good ballpark guide for any PFP value.
The Chinese are not obliged to honour the UK High Court ruling, so no deal guaranteed.
I’ve got approx 2 million shares at 0.45p, but this is very much a binary punt. The Chinese are very shrewd businessmen, and PFP has close to zero leverage in the negotiations.
GLA
Edzi a 7.5p shareprice would have a MC of 30 million.
Annual revenues on a producing mine are estimated at $350M!!!!
20p should be the minimum T/O offer price as they will be getting over a Billion pounds worth of assets, so if anything at 20p they will be getting a major bargain, obviously hoping that PFP play hardball to hopefully push the offer price up much higher than 20p, time will tell but hopefully not long to wait!
Although the share price has had a good day, it needs to move mountains to get back to over 2p and I personally think that anyone who thinks that this is going to 20p is in the land of the fairies .
If this gets to 7.3p as Align has said it would be remarkable .
People are pricing this as though the minerals have been mined, they haven't
NEWS IMMINENT IMO