Member Info for djm1

Sorry found it thanks

LL what is? Thanks

I hope the share price is as big as some of the Egos on here!!!

TDT, they already started to run WK and exceeded their own expectations and are planning to ramp up with two additional wash plants.

Over 56% of the company held by 6 corporate entities, does anybody think that any of these guys know whats going on??

Thanks L.

Thanks for response. I was thinking the Citic " clarification " would be signing terms with them. On that basis and on the success fee basis reported then a deal was in effect done.. Based on reported posts on Aim Rns rules on here ( company sale bid requires an Rns and an asset sale does not) then MT was sold in effect.. why would you sign with Citic if the deal on the table was not what you were prepared to accept..that's my thinking ..I may not be right...but it would shorten the time frame as opposed to a bidding war just starting at the time of the suspension.

ok on what are you basing your time frames?

MG yes all are possible, from whats out there including the recent interviews with DC in Russia then an asset sale of MT seems most likely with the board favouring this by there words and deeds, some of the appointments could be said to bolster the company's negotiating team for this purpose. Then its a question of price and what the company want to issue as a dividend. I am guilty like many on here of hearing numbers and getting fixated on them... in my mind anything less than 75p a share in my pocket will be less than i have convinced myself this is worth!!!!! I've got plans for every penny of it too!!!! Not clever.

Nat, news could drop any day or it could still be weeks, it could be MT it could be the whole company, what i definitely don't want is stock in another company as part payment, its got to be all cash and i suspect most on here favour that, and i suspect the board will prefer that as well. But that's only my opinion, if you're going to exit( which the board have made clear they wish to do)then you exit and move on, other big mining corps don't need our team to mine any of the assets: they are straight forward plays technically. I think Cash will be king and there i think a Chinese buyer will have the upper hand. What would be great to announce at the conference is Flanks approval; but my fear is of political shenanigans in this, its a lot of asset with a huge potential additional upside. Nervous times!!

Etocwen,

PDAC would be a great place to announce a great big fat deal but we know that it would be the least important issue around the negotiating table. Thinking back at the time lines, it would be my guess that CITIC and VTB approached EUA on a non success fee basis knowing they had a good chance of a deal, probably because they had talks with a buyer pre approach.
I think the brokers note was EUAS's means of stating to more than one buyer of the starting point on a price for MT, the suspension was because of a leak from Hammond that may have been by mistake but more likely a deliberate ploy with an intended outcome. As its mining season soon you would imagine a purchaser wants to get boots on the ground sooner rather than later, speculation will be rife at PDAC but i don't think it will force an announcement. These negotiations didn't start when we were suspended, they have been ongoing far longer than that... but it will be interesting to see someone like Andrew Scott ask a direct question!!

Just wanted to make sure there is no stone left un-turned on here since suspension??? I think everything has been covered...tumbleweed next...

You have to sell the stock put the cash in the ISA and then re buy the stock in effect. Do it once before April and then again after. All legal so ignore the rubbish guilt trip and moralizing... it's whst an ISA was designed for.

If ever there was a time to be suspended, this is its surely? Negotiations will be based on rational long term objectives and not fear. My own slightly increasing frustration with no news is subsiding in to gratitude!

Belstaff, on the one hand i believe that there is no smoke without fire and the more i look at recent goings on with the board in interviews and the marker for an asset sale price in the broker note, the tweet by hammond etc it all points to a sale of some description with the board stating clearly don't waste your or our time with a bid less than 60p a share for MT alone. I expect they want to see double that. However i do appreciate your feeling, i wouldn't mind an update confirming negotiations etc. But i do have faith in the directors and those that talk of deals at 20p and what not are off their heads. The board have made their case they can mine MT themselves with the progress at WK and the Sinosteel package, so are negotiating from a position of strength. A deal of the magnitude we are all hoping for would certainly have a big impact on my life so i appreciate the nerves. Ignore the ignorant keyboard tough guys.

I've been watching the interviews again myself this morning and the Interview with Dimitry on proactive that lasts 30 mins is essential to gain an idea of any sale/part sale price. Dimitry references recent sales and the price of Palladium and the direction of travel of Palladium pricing and why he thinks it will stay there. 5p! don't make me laugh!!! There is a reason hes doing the deal and we're on the sidelines, the notion that he would accept 5p or anything like it is just drivel.

Jarrovian pointed out this is 2 weeks away and EUA are representing Russia.... if the shares are suspended from trading and the company is negotiating a sale/part sale then is it really likely the company will go? I would have thought thatbthe sale of a national asset would not have gone unnoticed by the powers that be and that something will have to be done. This timing may force further information to be announced...

Mining MT requires a bigger level of operation than i think the board would want, why would you get involved in all of that day to day grind to build and manage an organisation big enough to do it, when others have the template and resources to do it quicker and better because that's their forte. CS wont want to be doing that at his age, nor PN and DS is an entrepreneur...

I suspect this suspension will take some time, every time they run the numbers for a deal, the price on Dimitry's basket goes up and they have to start again!! Were gonna need a bigger Galleon and they're gonna need a bigger calculator!!

quality ramp their Hippo!