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EUA is better than 27p, given all valuations, PGM prices, skin in the game, rising demand, limited supply, increased agreements and production. Maybe better to discuss the likelihood of:
a) full sale 50%
b) partial sale, JV and div 45%
C)no sale or JV or special div 5%
Yes, it will be complex.
Yes, there will be intense negotiations.
Yes, the BOD want the best deal for shareholders and themselves.
Yes, they will walk away if the offers are not realistic enough.
Yes, while we wait the value if the company keeps rising.
Yes, I am willing to wait for the outcome.
He invested £30m at 5p in 2008 I believe, and has not sold a bean. He wants a big return on his investment and hard work in getting the company to this very attractive point. Through the initial agreement with Anglo American, the accumulation of licensed areas and the significant amount of drilling data, the amazing decision to buy Anglo's stake in 2014 (big mistake for AA) it is hard to believe the price is where it is. The fundamentals are all there and with growing metal prices, increasing demand, big banks involved, cash in the bank etc etc. This should ten bag from here easily, there will be competition to acquire EUA resources. It's a win, win. Just hold tight.