George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
msg me if youre interested
dealr if youre on twitter you can join another group..
Agreed nitro! 2.5-3.5 the sweet spots.
After 3.5 we can get hyped.
This week is not over, and I’d bet you ten thousand shares and RNS will drop this week. Bring it on baby!
Deal before Christmas would be ideal
It’s going to be 2p until December first. And it’ll be 30+p
Just leave this board , leave the sp fluctuations. And carry on with life. Up and down is only for traders and they’ll get burned one day. But good luck to those wishing to accumulate.
Expect it to be 1p until 30p.. and you won’t be disappointed when it drops by 5% On a day
The came looking for a smidgen of decent information regarding EUA, but all I see it children having a riot playing keyboard warriors. Wow. Can we please stick to EUA?
This sp is like 600% up from a fortnight ago. And these mm faux dips happen once-twice a week: get over it
2Moz @ $1800 = £3.6Bil
Let say 10% to be generous NPV for the Pall in the ground = $360M
Nice round figure of 2.5B shares gives us a per share price of 14.4c
Convert that to GBP blah blah and its closer to 10p a share
I'd say $1800 - $400 extraction cost - = $1400 /oz
2moz = $2.8bn
We own only 80% of monchetundra so thats $2.24bn or £1.76bn
10% generous is £176m
between 2.6 billion shares is only which is 6.5p
and flanks (x6 or so) inc would be approx 40p
the flanks are 5km radius from Monchetundras licence so i assume only they have exclusivity to it? Therefore NN would have to buy monch assets (or individual flanks) but it would be more messy to try and get a licence for it.
NN could very well apply for licences in the touted 40moz areas though, if you listen to the interview more carefully. I don't think that area is exclusive to us, as the application hasnt even been made yet - and we may not ever need to make the application if NN buy us out?
"operations in close proximity to Monchetundra"
this is why I always thought they would be the ones- primarily the proximity. also;
1. their revenues up to $3bn thanks to palladium prices soaring - so no cash issues
2. the news article from august saying that by 2019 they will increase access to palladium
3. the raised money 750m in bonds
4. the lse rumour about RA (unsubstantiated but cannot be totally overlooked)
5. no1 palladium producer in the world, and soon to make palladium style digital crypto currency - if they need to move forward they will need a vast reserve of Pd (which Monch has).
6. the links between the strategic advisers and NN
7. the Banks having working with NN and VTB in the past, along with multiple DD at sites near/around the MC asset
I think they're finalising paperwork and clearing warrants. After some formalities we should start to see more concrete evidence (e.g. tr1) of an imminent sale. imo
Gafferk- with regards to that I wouldn’t worry.
If you listen to the interview at around 27 minutes he speaks about it:
He indicates it’s domethjng that is required of them
To disclose, so they have to essentially.
He goes on to say he invites people to assess the probability etc.. and that’s quite reassuring
SP will be 40p with all assets !
Looking blue this morning. Think it’s gonna be a great day. Not looking forward to the “Wednesday Rise and Fall” tomorrow tho.
Why you guys talking about metro? Terrible bank, even if they get bought for a lot of money, I wouldn’t even enjoy watching my profits go up. Would rather invest in a company like this. If you want to chase Rainbows then Zoe vast prem (maybe kefi) are ok. But I would never dream to take money from here and into.. ‘MTRO!
Good luck with tomorrow, super super excited .
I reckon INCOMING rns re: west Kytlim
And maybe something end of week? WowZa
Nah I think it’s a stand-alone Monchetundra sale with one off dividend payment.
But you’re right, using profits from WK, Monchetundra sale and anything left could be divided amongst the shares and EUA could be completely bought out by NN/BD. But it makes sense to keep west Kytlim since it gives some revenue, they have worked hard on making it 100% profitable and expanding it to churn more money each year.
And if platinum prices rise (according to some charts apparently looking to be bullish) then we have another cash cow for the BOD/ shareholders.
Also allowing us for further licences and flipping/mining
Sam your EUA target is about 10% of mine
:)
GLA
Sam u back now? Permanent? Made a tidy profit from Vast?
Lol lb get in touch with me if you want to be part of another group instead of this board !
LB- need to ask you somethjng, can you tweet me (brother joey), @trivchannel ?
That’s a good shout! Whilst you should always keep something in VAST, the spike was predictable. They won’t releaee rns after rns after rns- when I phoned them back in the 0.48-0.51 spike on the phone they mentioned the next 6 months would be volatile
I’m guessing their saving their good news to stagger during the lead up to Xmas and rerate! I’ve purposely decided to keep majority here because news of sale is so imminent, not worth chasing rainbows
Selector. I put my bets on RA’s NN to make this happen. Makes the most sense.. and now you’re saying this.
Is your friend reliable. And u really all in? Well done .. I too think this will be a good November and Xmas
LB.. u on twitter?
Combination of mm tactics, traders swapping here to try and maximise the spike on vast, when the news drops(or no news drops) the profits will pile back in on the dips and my guess is 2.85-3.1-3.3 will come very quickly
Daily fluctuations don’t mean much now anyway. It’s just RNS’s and tweets towards what’s coming..
Something is brewing I can smell it