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No idea why you guys are so positive.
These changes to football could seriously undermine the PGM market. Just think of all the posh cars the footballers drive. Any uncertainty is going to lead to a huge crash here.
Glad I sold when it hit (insert false figure here).
This will be 8p (or other randomly chosen figure) tomorrow!
/ end sarcasm.
Also worth thinking about the timescales here:
The RNS makes reference to the EGM being to strengthen a negotiating position. Now, the suggestion presumably would be that the resolutions require to pass at that EGM before the negotiating position is in fact any different to what it currently is.
Would that not therefore potentially suggest that we are unlikely to receive the RNS we are all waiting for before that EGM?
If you are a self styled "trader" or are rainbow chasing that gives you a few weeks to sell, chase your rainbows, and buy back in before the last RNS is likely to drop.
Obviously I would love the sale to conclude before the EGM, but honestly I don't see that as likely, hence the chances are a relatively stagnant share price pending those votes with a potential increase as people buy back in around the date of the EGM.
May explain the current apparent trend to some extent.
I see this as there being 2 assets. WK and MT.
MT and the surrounding area is vastly bigger now than it was at the start of this process following the JV, but the total is worth more than the sum of its parts.
Without the JV there was the concern of MT being restricted in terms of development etc. So why would someone buy it knowing that their competitors would / could be producing next door and they have lost out on the ability to expand their licence area?
Likewise the JV area is worth less if MT is being developed by someone else.
The benefit of these assets, close together, means they become cheaper to operate, and easier logistically.
My view: MT (and JV area) sell together. WK may or may not be included and may or may not go to another party.
I can't see it being in anyone's interest to start trying to carve apart the area which EUA currently has control over.
Can anyone then explain why, despite our market cap falling from the 43p days to its current level at around 27p, these "only tracker funds" have been increasing their stake in EUA?
Is that because every other company in the index has fallen faster and further? Or is there in fact some form of manual decision making taking place?
We form a smaller part of the index now than we used to, yet institutional investors now hold more shares than they have previously...
I am surprised and probably a bit deflated by the day's action (or lack thereof).
I don't have the confidence to try trading this share, it has the potential to move too quickly.
Heaps of very negative posters here, and elsewhere after that RNS on Friday. I remain of the view that the RNS was positive and that a sale will happen.
In my opinion that JV announcement was part of a long term plan, probably one which they set in motion before the FSP.
Anyway, it looks like we need to wait a bit longer for a valuation of the share which meets our expectations.
Jambo:
From the RNS
"The total of the Initial Consideration and the Earnout (if applicable) is capped at 75% of the value set under the relevant Russian law if the Additional Assets had initially been auctioned by the Russian state instead of being acquired by Rosgeo."
I read this as:
The MOST EUA would pay for their share of the JV is 75% of what the Russian state could sell the licences for.
Licences are not equal to the cost of all the resources, otherwise no one would ever make a profit.
I have NO idea where you get 44 billion from. In my opinion you are probably out by around a factor of 10.
Also note that any payments would be incremental. So not having to finance ahead of time.
In my view:
- this has been a project of EUA for a while.
- those purchasing possibly know about it.
- potentially getting this deal done was a condition of moving from non binding to binding offers?
- Even if it isn’t it is good news that EUA are expanding their resources.
- as far as I know the market has no prior knowledge so unlikely this was priced in.
- some will say this means there will be no sale. I am not convinced. This wasn’t agreed last minute. Those in the data room would have known. The FSP is still ongoing or we would have been notified.
- this may make EUA more attractive to a purchaser, or multiple purchasers.
Hopefully I am vaguely right!
The sun is shining and the Stork returns.
One would almost think it was a Thursday tomorrow!
(I know this post is pointless. Has as much substance and more factual information as some of the nonsense posted this afternoon though).
Just wondering if anyone knows how the system works?
As far as I am aware RNS can be published between 7am and 6pm (roughly).
If someone wanted to post an RNS at 7am what time does it need to be submitted? Is it say before 7pm the previous evening?
Not that it makes any difference, but just curious as to when an RNS may potentially arrive.
Because May 2021 is crucial to a purchaser of any asset that could be mined for 20+ years.... obviously.
Arbitrary deadlines for a deal to be announced just increases expectation and hope. There is no reason for anyone to rush to conclude a deal. It takes as long as it needs. Considering the assets and anticipated life of the mines missing out on the 2021 mining season isn’t really a big deal.
I am not sure how any PIs are being "taken advantage of".
Either they choose to hold their shares, or they don't. They only 'lose' if they sell at a loss.
We all make our own decisions when investing about how much we can afford , how long we have to invest etc.
I know things can creep up on us, and we have sudden unexpected expenses. Such is life unfortunately. We can't blame the board for our own tax dealings or if our car breaks down.
No one ever gave an end date for this. So we have the choice to sit back and trust them, or move our investment elsewhere.
I have learnt a lot on this share, about investing, and about my own temperament. No one likes seeing a reducing balance in their ISA / Trading account. If we all panic and sell every time a share goes red none of us would have any money to invest!
Fingers crossed this is all worth it in the end, and that everyone is able to enjoy looking back at what has been an incredible journey. (I say that having been invested for a short period of months as opposed to years!)