Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The bod really need to give something tangible after all this time with regards to the deal. The market is blind to the buyer, the price, what's being sold and any clear time line. Hence the sp is punished.
I really have a bad feeling that there will be a cash raise before any progress.... hope it is wrong though.
A lot of people made money on this with the pump, but sad to say many PIs got suckered in the high 20s and will unlikely recover their investment any time soon.
The rampers on here should hold their heads in shame refusing to acknowledge any risk, downside or alternative view.
Nobody know who the buyer is, what they are buying and for how much.
There has never been anything binding for the deal and if there was any interest the bod have now missed the boat.
Remember this is the 3rd time since 2015 that the potential offer game has been played.
No deal take 3 years unless there are stumbling block or inflexibility. From the last statement, the board haven't got a clue...
James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "Having worked for many years in Russia including 5 years as COO at Polyus, I got to know Russia well. My fellow Directors and I are calm and expect a peaceful resolution of the geopolitical tensions.
I said this long ago.... the dragging on of the situation by the board will screw everyone up.
They didn't sell when commodities were at the high point.
No foreign investor will touch this now for a buy out. The minuscule mining into the domestic market will dry up because the intermediaries cant export.
A domestic buyer will not pay big money for the company now as there is no external competition. The board have messed.up big time.
The policy has absolutely no relation to the sale as demonstrated by the share price action. As always its being blown out of proportion.
For reference most miners have a similar policy see polymetal: https://www.polymetalinternational.com/en/investors-and-media/shareholder-centre/dividends/
1% is more like the value for inferred jorc category. Which makes the price 28p.
Majority of the jorc classification will be inferred here if lucky. Unless you can back up you opinion with facts.
Some things never change.... ignorant muppets bleating the same mistruths and selling the dream.
lse is full of deluded fools, the type of wasters no would give the time of day... yet they think they are the next Warren buffet.
Fanciful. The dilution reduces the eventual sale price, which many fail to understand.
Sibyane produced 1.2m oz in the 1st half if the year. It is valued at approx £7bn.
Eua mine plan is 120k oz. Some geniuses on here can work out a relative valuation.
This has to be one of the most blatant pump for a placing in the history of aim. All the shares have been forward sold into last weeks rise.
One thing for sure, this is not the last placing and the sale that everyone is waiting for hasn't been mentioned for months.
Missing a few bits:
1% is more the range for inferred resources.
Only 75% will be owned initially.
And it has to be paid for. No one has a clue how much.
The stupidity of some of the comments implying that instead of rosgeo selling the licences they decided to give them to eua who will sell them for billions is unbelievable.
Twisted ... one of the few honest posts I have seen here for a long time. Somes up what most are really feeling but all we see is liars coming here to pump and spread misinformation and half truth even though no one has a clue what's going on.
https://tenor.com/GpC9.gif
Sums up the green box brigade.
Roger you are correct. Mac has a habit of distorting facts and posting misleading info and then hiding when challenged. No binding offer, only and expression of interest. Timeline is anyones guess but the 8 weeks from mac was wrong in January and is probably wrong now.
Still a long way to go a any dividend, a binding deal and details of what's being sold and how much would be a nice start.
Also still waiting for the rns for the ceo change that the sheep were bleating on about.... shows up the so called "knowledgable" rampers.