Member Info for Billions

Old news but the BOD rejected 5bn offer in 2018 as it was undervalue. That would equate to a sp of 125ish.

The real catalyst here will come with the new valuation and receipt of full rental income over the next few months.

Looked it up. 82p NAV at 31/12/20. Which was probably at at the bottom of the market.

31/12/19 adjusted NAV was 116p.

Still huge upside from current level.

Anyone know what the current price is in old money before the rights?

The RNS was pretty pointless. EUA have a knack of being very vague and opaque. Would have been nice to have an NPV at least and at least some mention of the FSP ongoing.

If offer has been made the an RNS should be made in the next few days

If someone wanted this real bad they would throw cash at it, pay over the odds and the deal would have been done in weeks. My thoughts are a partial sale with some sort of jv to maintain revenue stream and purchase another asset.

Unfortunately mining fortunes can change pretty rapidly. Last year Sibyane made 400m profit this year it was 1.7bn. Who knows what it will be going forward.

Years back aquarius platinum was one of the largest producers, it went best when platinum tumbled from 2000/oz.

Car manufacturers used to use platinum but then switched to pd because it was cheaper. Going forward who knows what will happen especially with demise of the petrol engine.

Good move by the bod selling. But the spot prices mean nothing when it come to a deal.

Highly speculative. Risk reward is favourable. But the thing holding this back is Russia risk.

Not being negative at all. Just looking at it from different perspective compared to the usual posters.

Whatever way you cut it the maths is looking around 60-100. With the high end

The figure I quoted was from the 2020 report.

The update does have 94-111 as asleep notes. This is with a bullish 2200 pd target. A recent DFS from professionals used 1750. The conservative power of 78 target is 40-63 and that still uses 2000 pd price.

This is not a science, the price is going to be ball park. Only thing that counts is a DFS with an NPV from EUA. Until then it's all guess work.

Hmmm power of 78. Comparison to other sector deals target: 70p.

My fag packets calcs are not too crazy after all then.

How is suggesting 250% upside deramping?

The real plague on this board is sheep, regurgitating the same info and making up pie in the sky numbers.

ACF report is the only real analysis that potential investors should consider. And then even apply a risk assessment.

No one really cares what's in the ground really. It's all about cash flows that can be generated and IRR.

The numbers being thrown about by some and the pub rationale doesn't mean much. Show me translations.

I think its 63% premium. Which yes is low. But we have different magnitude of resources.

Say we use the EUA 20moz. At 2k per oz. Apply the 2% from GT gold gives an implied value of $800m for eua.

Lets assume better resource, more upside and multiple bidders. 300% premium. Gives a valuation of £1.7bn. Or 60p.

To be taken with a pinch of salt, these are just me thinking out loud.

Who wants to run some comparable calculations using the GT gold buyout by Newmont?

Indicated and inferred in ground value of $15bn. Sale price of $300m.

Apply 2% to the platinum in ground value and gives you a starting point.... dont have the figures to hand but it could be the cause of the drop today!

GT Gold is indeed interesting. For those that like to add 1+1 and get 5:

65% premium to closing share price. Which is a high but reasonable premium.

So GT gold have 8.9moz indicated and inferred gold. In ground value of $15bn. Sale price $311m.

Also known as spoofing. The 'hound of hounslow' was prosecuted for this.

Could be the cause but I doubt it. More plausible is a flag pattern on the daily which has broken to the downside. We may go down to 22 and bounceback.

If it was that clear cut the share price would be many multiples of the current level.

Also a deal would have been done long ago.

Hard to believe the whole investment world is blind and the only enlightened ones are on this BB.

My understanding is that once a binding offer is made it has to be communicated. However hard to believe some form of discussions could still be happening.

All this nonsense makes me laugh. This is not an ikea instructions booklet.

Just shows how clueless the prolific posters here are and to be frank are reeking of desperation.

Give it a break.