We would love to hear your thoughts about our site and services, please take our survey here.
I’m a very occasional poster….. More of an avid reader…… I tend not to post as I think there is so much puerile toxicity spouted here…… who on earth would want to open themselves up to such vitriol….. that said, I am entitled to an opinion and a voice.
So my uninformed opinion (as are most opinions expressed on this bulletin board) is…… ultimately, all assets will be sold except for the Rosgeo joint ventures. A handsome divi will be paid to shareholders along with shares in some format in the ongoing stake in EUA2.
I think this will happen next year….. my opinion is that the purchaser will not be the organisation that has successfully completed due diligence…… on the basis that I cannot fathom why the asset sale hasn’t been completed. I suspect that another organisation is now undertaking due diligence…… or perhaps looking to buy the first company’s dd.
The due diligence process is costly and arduous…… one would think that a generally accepted price range had already been discussed…… why therefore having successfully completed dd would you not try and push the deal through? Especially if you knew (as stated in an RNS) that other potential buyers were circling. I’m all for negotiation but would it not be prudent to try and wrap a deal up quickly so as cut off the chance of getting dragged in to an auction situation? A purchaser could over pay at this point safe in the knowledge that this asset is only going to become more important in future technologies…… more important, more valuable…… we won’t need less PGM on the future…..they would not benefit from a long drawn out process.
On this basis my view is that a.n.other organisation is now going through due diligence….. hence the delay.
Just my opinion…… I will be adding when I can afford to…… but I won’t be using words like jubilant and shortly moving forwards. The board seem to be a credible team…… I think the use of jubilant undermines that credibility.
Thanks for sharing your knowledge and opinion everyone….. that’s the thing about learning isn’t it….. someone asks a question and somebody else with knowledge and opinion shares….. or alternatively Diver47, you can belittle and mock someone’s lack of knowledge…… or you can try that neat little trick…… simply scroll on past. The internet is dead clever like that.
So potential purchaser ‘A’ has completed due diligence but the board indicate their openness to all of the options on the table……. Let’s say that potential purchaser ‘B’ ultimately offers more….. do they then undertake due diligence or is potential purchaser ‘A’s due diligence available to everyone?