Member Info for Ant1986

I've said for ages that I see a concert party forming. This will be over 200p soon, regardless. :)

I would imagine most have bought recently based on future prospects. Government putting in £70m alone!

It’s trading at peanuts already and a few legacy issues in light of the new contract pale into insignificance.

New debt facility is key at £150-200m - HUGE vote of confidence.

Surely the valuation is built on the £1.6bn contract more than anything. And the increase in debt finance to £150-200m is the key part?

The rest is noise, we knew Harl was in a challenging market and it’s still an improvement on last year.

Sits at just £35m!

Not bad, kick-in at just short of twice today’s mcap and no second chance…

Thought I’d read that. We shall see, not that it makes much difference, just be nice to have it in stone.

Is the contract formal announcement due this year?

Smashing it - 1820. Looking forward to that resource upgrade!

I cannot imagine this is on many people's radar but having spent a few weeks digging, I really rate its chances of seeing a pound plus, next year.

Due more news before year end on fund II close (and hopefully the opening of Jupiter III fund).

Not sure when the penny will drop for some, just how many are significantly progressed and maturing, plus the £ size!

Obviously need the cash to drop, but derisked, as mentioned.

You're quite right, now I'm adding to the clumsy wording!

Combined, these two must add £20-30m? £110m and £700m cases won, LIT is now in a different league!

I’d imagine the 32p doesn’t include indicated resources at WK or any new finds elsewhere.

Certainly a lot of value at 9.5p in my view.

What broker note are you referring to, please?

Agree that it's misleading if not true and warrants comment.

I didn't know the judgement had already been reached?

Slide 19 tells us that we are waiting on 4 direct investment judgements and 2 fund investments.

A further 6 fund investments are due final hearings within 6 months.

And this presentation is from 20th September (so that's 3 months gone already)

27 months is the current average time to complete a case in 11 years or 24 months to maturity of investment (slide 14 in the latest presso).

We currently have 86 3rd party funded and 33 co invested cases in the 25-36 month stage.

The 3rd party funded represents a large part of our capital under management.

As a result we have A$72m pending result (25-36 month stage).

We still have A$54m of our co-funded in the 49+ month stage!

It was in the most recent presentation, like a cluster of circles, falling around now.

No, I don't dispute the business, it's the share price that's detached. There is a large volume of outstanding claims all due within the next 6 months.

Gone from 75 to 62 in just two weeks??