The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Mac
Do not forget the massive dilution for Eurasia v2.0 following the expected investment from the Japenese, Chinese and Russian investors.
I would have thought that the BOD will extract as much as possible from the asset sale to realise their capital and then bring in substantial investment for E2 going forward.
it is a win, win situation.
Just to add a little to the mix
The 75% of assets calculation will be determined by the BOD as to what valuation they place on certain assets, I am sure that if they want to pay out a large dividend, as they are the largest shareholders, with the assets being in Russia with the current political and potential conflict situation, then the values placed on the various mining areas/JV's will be aligned with their desire to move their wealth to a place of safety, ie outside of Russian control.
Just my thoughts
I few big nibbles this morning
Is this the final surge prior to Russian holidays ?
05-Jan-22 09:30:16 22.40 200,062 Buy* 22.00 22.50 44.81k O
05-Jan-22 09:30:02 22.399 166,659 Buy* 22.00 22.50 37.33k O
05-Jan-22 09:28:28 22.40 66,917 Buy* 22.00 22.50 14.99k O
05-Jan-22 09:27:27 22.275 137,291 Buy* 22.00 22.50 30.58k O
Gillian Keegan MP has just said on BBC news that the 100,000 tests required per day for critical workers are over and above the 350 million sourced for the general public.
Are we due "emergence approval for Home Use" for the Mologoc/Visitec LFT ?
Sent in my comments and had a confirmation reply
"Why are we still using Chinese LFT’s which have been banned in the US, when UK manufactured tests are available, just get the approvals sorted out for Omega Diagnostics Plc"
It appears that the booster loses it's effectiveness after 10 weeks or so
Time to start producing the UKRTC Antibody test
https://www.dailymail.co.uk/news/article-10340385/Daily-Covid-cases-hit-new-record-119-789-hospitalisations-rise.html
Q291: Are ODX expected to pay back the money to the DHSC for the now redundant upscaling ?
Answer this
Well we knocked Avacta off the risers list !
The Chinese are trying to tie up the world's global PGM resources
extract from the Telegraph
"China claims victory in battle for British lithium miner
Bacanora is now almost certain to be delisted from the London Stock Exchange
By
Matt Oliver
and
Matthew Field
21 December 2021 • 12:19pm
The Chinese takeover of a British lithium miner is on the verge of success after a major investor backed the deal.
Jiangxi-headquarted Ganfeng Lithium needs 75pc support for its £285m takeover of Bacanora to succeed, at which point it would delist the firm from the stock market.
It has already had approval from shareholders with 45pc of the stock, and owns 28.9pc of the shares itself, bringing the total to 73.9pc.
However, The Telegraph understands a major shareholder controlling about 5pc of the shares, and who had been holding out, will now back the deal.
The takeover comes despite fears that it will put even more of the world’s lithium supplies under Chinese control. MPs have claimed the deal raises security concerns, while a group of retail investors accuse Ganfeng of undervaluing the company.
Chinese companies already control about 90pc of rare earth mines globally and make 80pc of lithium ion batteries.
The major shareholder, who did not want to be identified, said they had considered these issues but that the deal represented a “prisoner’s dilemma”.
It means Bacanora is now almost certain to be delisted from the London Stock Exchange."
someone is confident
21-Dec-21 10:05:32 21.47 97,810 Buy* 20.00 21.50 21.00k O
21-Dec-21 10:04:53 21.40 98,103 Buy* 20.00 21.50 20.99k O
21-Dec-21 09:58:01 20.825 5,000 Buy* 20.00 21.50 1,041 O
21-Dec-21 09:55:29 21.28 6,300 Buy* 20.00 21.50 1,341 O
21-Dec-21 09:54:46 20.94 75,000 Buy* 20.00 21.50 15.71k O
Think this was rather rushed out
When did the sp drop to 5.07 in the last 52 weeks ?
Value range – 20/12/2021
Intrinsic Price (GBp) 121.10
Value Range Low (GBp) 115.04
Value Range High (GBp) 127.15
Implied MCAP (m) £3,520.23
Implied EV (m) £3,503.40
AIM Index EUA
Financial YE 31-Dec
Currency GBP
Business Activity
PGM Mining (Palladium, Platinum, Gold) + Battery Metals Mining
Key metrics
Close Price (GBp) 23.20
MCAP (m) £662.0
Net Debt (cash) (m) -£16.6
EV (m) £645.4
52 Wk Hi 45.00
52 Wk Lo 5.07
Key ratios
(Net Cash) /Shareholder Equity % -2.51%
FX Rate USD/GBP 0.72
bit of interest being shown
20-Dec-21 12:45:43 20.50 151,190 Buy* 20.00 20.50 30.99k O
20-Dec-21 12:44:32 20.479 153,891 Buy* 20.00 20.50 31.52k O
20-Dec-21 12:43:40 20.49 150,430 Buy* 20.00 20.50 30.82k O
20-Dec-21 12:43:30 20.475 24,395 Buy* 20.00 20.50 4,995 O
20-Dec-21 12:42:48 20.50 1,907 Buy* 20.00 20.50 390.94 O
20-Dec-21 12:42:43 20.50 1,200 Buy* 20.00 20.50 246.00 O
20-Dec-21 12:42:26 20.49999 150,356 Buy* 20.00 20.50 30.82k O
20-Dec-21 12:42:19 20.4999 116,787 Buy* 20.00 20.50 23.94k O