Member Info for CF73

Folks, the knockers are here to help the Institutions like Standard Life, directly employed by the MMs. Also, Standard Life wouldn't be loading up without the inside track. They are not traders and are seriously risk averse. So it begs the very serious question

Why are they loading up this heavy??!

...given the London Conference on investing in the Zimbabwean mining sector, the Minister of Mines needs to really weigh in and push this through, as the world must surely be watching (and clearly is) and that any discussion around a positive, productive investment climate in Zimbabwe can only be credible and believable based on the hard facts available to investors.

Beyond this, for what little it's worth, failure to resolve RHA seems less about opposition to the proposal and far more to do with government inertia and ineffectiveness.

...in other words, this wait continues...

Agreed Scully.

Good luck here to you an all :-)

Said already, will say again, Standard Life won't have bought that much without significant Due Diligence - and that DD will have included speaking to the FLYB.

Great stuff that Standard Life are loading up but they and perhaps others are working with MMs to keep the SP down here until they have bagged as much as they can. But for sure, we are waiting for a re-rate as things are looking VERY positive.

Also, buying that much would likely affect the SP so Standard have probably instructed MMs to do the necessary to get that stock within certain price range. Hence the knockers.

Standard Life wouldn't have bought that amount without DD, and without including talking directly with Flyb first.

Strongest of positive signals.

Good luck all!

With Standard Life increasing, it n ow makes sense why we've had so many derampers and knockers on here.

Looking rather good here!

Very encouraging drill results. Can see why KME are up for the wider JV including RHA.

Good luck all!

Interesting mining investment conference -- being held in London no less.

Zim need to approve that sign off as an example of how they are developing a business climate suitable for foreign investment. Also feel that the Mining Minister needs to be throwing his weight in behind PREM to get sign off sorted too, ahead of the conference. Get it sorted and the Conference can happen with everyone happy.

Good luck all!

If Easyjet aren't interested then likely BA. But wouldn't count Easyjet put as they could be waiting. Saying their interest affects the market around the stock, including rapidly lifting the share price. They won't want to do that ahead of making an actual offer.

Those Easyjet results are strong and places them in a good position to buyout FLYB. Offers to start well in excess of 20p

Phillip, you say

"If GR couldn’t gurantee that sign off would’ve happened in 48 hours then he shouldn’t have mentioned it."

The thing is, we were expecting news by that point, especially after the much earlier announcement of an end of month [October] conclusion. So he needed to let us know something - and we certainly expecting to hear something.

I don't see it as an issue of the Zimbabwean government as a whole unable to move on this. From what I can gather, the Ministry of Mines is up for this, hence their visit and their saying things in the media. The Newco proposal for example represents potential concrete progress and in that particular ministy's interests to approve whatever reasonable proposals that are put on the table. If it were up to them, in my view, they would've signed off RHA a long time ago.

It is an issue of getting the Ministry of Industry and Commerce to move on this, their being the shareholders of that stake. I have no idea how far they are right now from getting this processed, but we know that had said they needed 'another 48 hours' a couple of weeks ago.

If we have to take the route of liquidation, then at least we are taking matters in to our own hands and that we have Ministry of Mines on our side with proposals going forward.

Let's see.

Good luck all!

The cash and asset base will see eventual offers in the range of 50p+

FLyB are not a distressed seller. They are servicing their debt and have enough cash. They had to notify the market as to the challenges, especially as they needed to move to free up more cash (i.e. sale of hangar and anything else etc.). Bids will come in, and FlyB will be steadily steadying the ship along the way.

Whichever way, this is now a Strong Buy, Add and Hold, in my view.

Good luck all!

Its extraordinary that there are so many 'Knowledgeable' posters who happen to such a small number of posts, only now emerging to comment, and to comment lots. It's also interesting that most of these are either to trying to supposedly create 'balance' or talking to the negative.

These 15p and 20p stimations for an offer are a an mickey take deisgend to try to drove the SP down further.

20p gives a sale price of approximately £45million, when we have around £57milliojn cash (including being able to raise £5miilion pretty quickly via the sale of the hangar) and significant assets, to the tune of £££hundreds of millions, are able to service our debts. Most crucially, if we weren't able to pay debts, that is where the problem would lie. But as it is, we are doing fine on the front. We are not distressed like some company ridden with debt it can pay.

Regardless of market cap (which is being driven by IIs selling down die to their own risk profiles), the actual sale price will need to consider and take account the actual picture, especially since we don't have lenders knocking on the door asking for all of their money back now 'or else'.

Watch this space!

Taylot, thanks for your excellent posts here.

Took a position recently and looking to add more,

Good luck all!

Recent updates have been excellent. They've shown necessary progress. As others have said, those who understand the story should know what is lined up.

All looking very good for me!

Best wishes with the family Charlie!