Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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They can collect this way couple % the most and then they will be able to join pmo shareholders meeting lol
If premier issue a rights issue of 200m at say 30p then apache could get in on it and collect lots of shares cheap then when the price dropped Apache could come in with a low offer a get pmo very cheap
Both companies declined to comment.
That is interesting.
I have a feeling that MM engineered drop to spook investors again.
Nothing but a Hunch But I’m thinking (hoping) to hear some news on zama soon, if that gets sold pmo will be heading to £1 imo. Then onto to bid for company’s such as RockRose or serica, cash rich both with good production numbers that are set to increase. PMO becomes a whole different animal,rapid pay down of debt and if prices do stabilise back at $60-70 this could see the £2 mark by this time next year.
All ifs and maybes but I am happy to hold from these levels.
Just in case you do not have access to the FT
https://technocodex.com/big-deals-have-dried-up-and-may-not-return-for-a-while/
Rgds Sft
Maverick.Maybe wishful thinking but that's my hope and there is a realistic chance as a few serious players interested and we only need 2.I would still be surprised to see a finial premium that most would be happy with.Tony Durrant is a highly paid and skilled negotiator worth his money so you never know.I believe Alan Both did a great job selling Ophir energy given the situation but few agreed.Difficult when your entry or average is greater than the offer price.Interesting few days a head and what ever it will be considerably better than todays price..
Current premium of an acquisition may not be what we want ie share price >£1, but it could result in a bidding war as the best of PMO is to come
The tax loss is on $4 billion total, so I assume that the actual cash value is only the tax percentage of that figure?
Anyone know?
Premier is attractive and no doubt will be taken out but at what premium ? My guess it won't be great but would not risk being short at this price as could be very costly.
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Buying Premier would approximately double Apache’s North Sea production, according to Jefferies analysts. Operational overlap would deliver cost savings as well as some huge potential tax benefits, with Premier carrying tax losses well in excess of $4bn versus a market value of less than $600m.
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https://www.ft.com/content/bbe01e4e-d38f-4e33-a3cd-94926e7f4039