Member Info for Couerdelion

I'd take 30p by the end of the year and if the strategic partnership/finance plan is settled by then can't see why this wouldn't be possible.

But if Daniel talked of a 20% discount, that's 80% x $959m which works out at around 280p per share, I think. You should also allow for extra shares created to match the warrants but more importantly a wider discount in the earlier stages of development DFS/FID/Construction etc. But it does mean that the multibagger potential will still be there for some time after it reaches 30p, 50p or more.

That is at least my take on things and while I will remain invested after the SP gets to 50p.

Scottgekko can't provide any evidence for his claim that MET1 had prior knowledge because he invented it.

This will take some time to digest but there's plenty of information here to inform the models. I can't recall what sort of timeframe Fox-Davies had for preparing their price estimates and sensitivities.

But if we focus on the NPV metric, we have c£1bn of value here held by a company with an MCap of c£20m and this is only the one salar. I think it's safe to say there is ample room for that 98% discount to narrow.

I'm not so sure. I think their sale at these prices says a lot more about the state of affairs at MET1 than it does about CTL.

That said, agree that we now have the 5.8m shares out there so we've lost that drag for now. I think we have a clear run to August when they get to buy another 20 million at 6p and there's plenty of news due in that space to drive the SP upwards. Comfortably 20p+ but probably more.

You won't get a serious response from the likes of JamesBlackstone. Most likely here to scare PI's into selling to try to get a bargain entry price. You'll probably work out soon enough which people here are longer term investors and have met or spoken to management. They are the ones who know what they are talking about.

It's the PFS which is imminent. DFS probably another 12 months.

"It's up to the person making the claims to back them up". We can agree on that.

"....says a lot about the (paid?) company shills that infect this bulletin board." - as stated by @chatmandu.

By your own words, you should be able to provide the evidence I previously requested.

It depends how much value the market was originally placing on YPF case before the ruling. At 100% of BV, you're looking at a 580p hit but BUR were trading well below BV and I suspect there was quite a high discount to YPF

Everlong, it's hard to tell what you think is the key point since you stated at 10:25 that it was about paying for ROM through shares. In just three hours you changed that to "It's not about the purchase of feedstock when required." Now since you already know that the share option belongs to the seller, you can also work out that the ability to issue new shares is likely to be necessary in order to purchase that ROM which is required for Roan.

You've made your views known on issuing shares and it appears that you oppose issuing shares for ANY reason. But the above logical sequence makes it clear that you would rather Roan sat idle rather than allow the company to pay for the ROM through shares. And if you didn't want to tie the issue just to the feedstock, why raise that as the key argument in the first place.

Would @chatmandu care to back up his claims with any evidence? I think we all know the answer to that.

As for everlong, if he insists on ranking the purchase of feedstock with shares as "the fundamental issue" then I could understand why he is so downbeat on prospects for JLP. Fortunately for us shareholders, it is not fundamental.

I think we can infer that everlong would rather Roan were left idle.

"THE FLEXIBILITY FOR THE COMPANY TO ISSUE SHARES FOR FEEDSTOCK."

You've put that in quotes when it totally misrepresents what I said. By all means post your own views into the benefits or otherwise of agreeing to pay for feedstock using shares but leave me out of that one. My case was far simpler - if they are obliged to offer shares and cannot through lack of the authority to so, then Roan may be left idle.

It's a common argument and been discussed at length here. What's important is the cash releases and they are comfortably sufficient to cover dividends for the foreseeable. See recent article by Gordon Aitken(? sp)

It means exactly what gotreal says - authorisations to issue up to 10% in new shares is fairly standard practice.

This will be approved anyway because the II's will know that the company needs this sort of flexibility to operate, particularly if they need to issue shares for feedstock.

As regards the capital adjustment, people are reading far too much into this. It ALLOWS the company to make distributions that it wouldn't be able to otherwise and the company has for some time suggested that this was part of its plans so I struggle to see what the fuss is about. If it helps the company to raise money through loans presumably this would be a good thing given the aversion to any form of share dilution.

To close, in every listed company in which I have worked there have been share purchase schemes. It's actually quite common in unlisted ones.

The argument that buybacks suggest a lack of investment ideas/options may be true but the same could be said about dividends. For a company like LGEN I would argue that this is indeed the case as much of the future growth will come from the low capital business so all excess surplus can be returned to shareholders.

There is some merit in the claim that the buyback improves per share metrics that flow into bonus awards. I won't even try to dispute this but I think this still goes back to tying in executive pay to metrics that are beneficial to shareholders so we can hardly complain if management achieve positive earnings targets.

With markets as they have been recently, it was a very generous gift.

It looks like the SP is rising too fast for the buyback to start.

At some point, no doubt we will. I don't expect we will see it this year.

How did I forget the dividend?!

While the share keeps hovering in the 50's, I'm very happy to trade it in that range and leave the profits invested.

Why can't we see those trades on the feed from yesterday?