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Cheers F79, as Fulmar points out there are indicating activities that suggest an offer 'would be' forthcoming, following sorting licenses and divesting some BOD shares rights and offer 'may' have been made. I'm not suggesting your position is unreasonable , simply that there's no direct supporting statement I can refer to that says a formal offer was made.
Interesting few weeks ahead.
For transparency I reduced my position but still hold a good chunk. Am sincerely hoping for upwards movement rather than downwards.
F79 - that feels a stretch tbh. I hope its the case as it would be best outcome however for that reason its in danger of being confirmation bias.
I listened to last 2 investor calls live and never came away with the view that an offer had been tabled.
Other views are fine by me but this is simply a matter of opinion and I believe the wording has been carefully selected as such and lacks clarity.
I don't need to know the details of an offer made and refused but I do need to know one was definitely made and whether it failed to meet BOD set criteria.
Investor call and RNS is certainly not definitive in this regard.
GLA
There is no indication that a bid was offered nor refused.
NvS In RNS simply offers the assertion that "an offer for a major to take over an asset would have to significantly compensate shareholders".
This statement does not factually state that an offer was made at all just than any IF offered would need to be good.
Sneaky wordsmithing but we shall see
Hmmn so we should tell somebody else to stop doing the same thing you're doing but on a different BB that none of us has been aware of them doing?
Erm, why not just tell him yourself as you are the one who is aware of it?
A time waster?
spbhoy - surely faramog is free to post his take on it as you are to post yours. It would seem limiting for other posters to have to stop and think "but what if spbhoy already knows this?" before clicking "post".
Personally although disappointed with sp performance I'm thankful that there are differing opinions given.
Holding but not adding
GLA
Cheers Dvsm however in the IRR calc from the PFS RNS's for both I knocked up I do the whole thing as one project, calc a value then assign the value pro rata. If I take credit for only half the capex then I can only have half the tonnage. A quick in the IRR calc indicates no net difference to projected full SP value based on operating to 2042. My ZNWD IRR calc goes out to 2050 for comparison although I had not corrected for full ownership so if BCN no longer hold 50% then 40p would become 80p. (Do BCN still hold a stake?)
Anyway just rough figures but my point is that the two projects don't seem to be comparable in terms of closure of a share price gap, unless I'm missing something?
The last info I saw suggested ZNWD was looking at 5122 tonnes pa at $8335 profit per tonne of LiF while EMH are looking at 22965 tpa. Capex on EMH is far higher at $483m vs ZNWD $159m
That doesn't suggest share price parity and I'm not expecting a rerate however 40p IMO looks achievable but EMH is also undervalued (again IMO) vs their current position vs project economics.
I'm sure the value will reveal itself as project timelines unfold and am invested in both
Steve a 112m run at 0.2% followed by a 10m run at 0.3% for example needs careful assessment.
Including short runs of higher grade in an assay report is known as "grade smearing" if not reported honestly and even when reported honestly is open to misinterpretation.
This stock needs better news than this
Wants to sell them at 9900% profit Horrow which clearly ain't happening as we know.
Not upset at all Liam.
Single comment.
Why spend your life responding to every comment on a BB. It was a simple mistake on your part and I have in the past had the same flutter of excitement when I've seen what looked like a rerate only to realise it was a consolidation I'd forgotten was coming.
The mistake was not something to get het up over and perhaps attacking every comment isn't helping you?
I'm just going to filter you anyway as I suspect you may be the sort to keep nipping away.
As another poster has already suggested, just hands up and move on is the simplest and mature response.
My last word an the matter anyhow.
Living in an age where people can't simply accept they've made a simple mistake, learn from it and move on is exhausting.
hahaha
The Sajid Javid interview it rolls into from Jan 2020 talking about UK free trade ambitions has not aged well at all.
Off topic I know but there we go