The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Also pay no attention to Simplywallst, the declaimed Phillip Taylor was a director at the time which he isn’t.
They also had a target price for Eurasia of around £8.50 for a while, not sure what it is now but I’d pay no attention.
Billions - The ACF report which was released Feb 2020 factored a 30% discount of the MT flanks as they hadn’t been approved at the time, they have now. Also since then:
- PGM prices have risen greatly, some metals exponentially
- WK flanks also applies for and should be approved
- UBS took on negotiations on a sucess fee basis, massive plus
- Rosgeo potential wasn’t factored in to the ACF report
- Issues at Nornickel and South Africa making Eurasia far more attractive to buyer.
- Multiple bids confirmed in the FSP.
- Anything I’ve missed....
Meaning the ACF is well out of date now I’d say because of all the points noted above. Times your 60p by 3 and it’s still a gift to any buyer.
Dealer55 - I’m not sure we would to be honest, Eurasia never shifts 50-60% in a day and it’s a joke. The fundamentals here stack up well over 100billion after fridays RNS and the MCAP can’t even breach 1billion. The only news to re-rate this to true value will be the offer RNS. It’s s**t but that’s how it is...
If there isn’t constant manipulation of the sp in play here then how is the sp sat at 30p today, when in Novermber it brushed mid 40’s and in that time we’ve received:
- WK DFS approval
- Multiple confirmed offers
- WK flanks application
- PGM price increase
- Fridays Rosgeo JV news of up to 104moz of which Eurasia have potential to acquire 75%....
Agree but can you really say financing the Rosgeo projects is a concern for shareholders. Here are the option is see:
1 - Funds from FSP to move forward with Rosgeo
2 - Earnout agreement already binding with Rosgeo
3 - Sinosteel type EPC
4 - Any other method of financing including UBS, CITIC & VTB.
Amanesia - with regards to paying for it in the next 2 years I think you’re mistaken. I’m sure it said something about and earnout or Sinosteel EPC style financing with regards to the Rosgeo opportunity.
Plus I’m sure Eurasia will be flush once the FSP concludes so I don’t see your point as a concern...
To put rises in perspective the share price was 0.4p 2 years ago and 7p during suspension this time last year. Today we’re simmering in the low 30’s.
Most of you negative twats that have turned up giving it big bananas weren’t even here in November never mind 12 months ago...you probably couldn’t even name a member of the BoD so foxtrot oscar
After all the shooters efforts the get caught out at 5pm I’m a Friday after close and have to spend the full weekend on the toilet with as much s**t coming out their back end as what has come out their mouths for 18 months.
Have a good day shorters......NATTTTT!