Member Info for Ant1986

I think this is too low now, considering it has circa £1bn in cash too.

It's trading 4-5 PE, which is very low!

Going on. Not sure why, yet…

Not sure if anyone has seen this?

https://www.theguardian.com/global-development/2023/dec/18/south-african-judge-throws-out-kabwe-zambia-lead-poisoning-class-action-case-against-anglo-american-mining

It clears the way for Anglo in Zambia, in my view, and was the largest unknown.

I would expect Anglo to be under pressure to get cracking and get money flowing to the community via job.

I can't sit here and say it's right but it happened 50 years ago.

Makes the company mcap £300m - that's it! SP is so far behind where it should be. And that's the minimum it *should* be.

I think it catches a bid or merger with HBR, but we'll see.

Until blast off! :D

Also, looking forward to the Harbour bid on the 22nd :D (probably a joke).

A bit of a rocket rise into close with it being delisting day. Harbour is up significantly, while we trade down again.

Ideally, we'll take on 14.5p again? Such dizzy heights...

Yes, it seems to be more than 20km away and hopefully puts an end to fears it will hit Verne.

My thoughts with the local community, however, it must be very frightening and a worrying time for those in Grindavik.

Happening today, too, someone is loading £50k clips.

Anyone else notice £5m change hands on Friday? Something going on?

Trying to balance a revenge trade from when I went short at £15 a few years back, the CPI print, rate setting and Santa run. A casino seems more straight forward right now :D

That aside, chart looks really good for an attack on 700-800p

I think many are expecting the HBR takeover, it's one of the few that makes absolute sense, for both companies. Madness for it not to happen, really.

In terms of price, you have £1.8bn in tax losses + EV (circa + £200m) - debt (£585m) = £1.4bn

Let's just say 20p is a bloody good price for Harbour to pay.

Can't see it making much sense for anyone else though, so we'll never get NAV.

Too gloomy, it was this price with $60 oil and nearly a billion $ debt, without the extra Golden Eagle field.

Agree, it's really ugly at the moment. I think we're hedged at $88 until end of Dec, regardless?

I don't think 11p is fair value based on the progress in the last two years.

Market never enjoys uncertainty, and now we are just 2 weeks away from resuming normal trading,

Bought more today. Too cheap.

Just read the update again, no reason to shave off another £20-30m - back to 14.5p to begin.

They you have it, as it leaves FTSE250, funds have to exit at almost any price.

I thought it was a very pleasing update but market is beating it up!

No, I've built that in, post sale, at 31.4 it was trading significantly below zero value.

Smash and grab for me, some in SIPP for longer term, but most traded in (31.4p) and now out at 33p.

Erm, so buy Verne for £300m+ or the entire company for £270m?