focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Buying in here at about 9p last year believing there would be progress with the deal. However as stated in an RNS at the time Eli's commitment to tackling Covid had taken priority so time extensions were given. They could have ended things then. I sold out at the time at a small profit. Fast forward a year and I'm back in at a lower price and awaiting positive info on a deal. I really think it will happen this time, Hemo and Eli have been working together well for years and that should continue with a licensing agreement which takes the SP above 50p in the first instance.
Although unhappy with the capital raise initially it is fair to say that if the finance brings forward greater opportunities which help to speed up the prove up of gold in the ground leading to a more lucrative JV to then that is good. A new drill rig would help to achieve this.
EUA had no Rosego agreement for an additional 104moz and the values estimated were est . at approx £3bn-£6bn. Now we have a potential Japanese Co capable of purchasing the PGMs, alongside many potential other co's. Like others have said we keep strengthening our position to negotiate a full sale at probably £10bn +. EUA could mine themselves but I believe it has been the intention to sell 'all' but if bids too low EUA will sell WK and Monch and keep the 75% ownership of the 9 mines, particularly if bids are too low. But this is a golden opportunity for a company/s large enough to secure this whole area for future PGMs in a growing market. They just need to ramp up the offers. IMHO
Didn't Lesego do due diligence over WK and Monchetundra in 2019 with a view to acquire, with James coming across to EUA. I will bow to your superior knowledge here, but aren't Lesego are private ltd, are they large enough to acquire EUA or am I completely off the mark?