Member Info for enuffRMbs

Ashton. Not suggesting they play dirty, just with indifference or rank Disko rather lower than other options and therefore can sit on their hands. Sure they would rather have 51% or more but if they are really not interested then 49% is still a valuable portion to sell on, don’t you think?

Your point on administrator is correct. I’m just trying to put myself in their shoes if it’s down at 9 or 10 on their list and not at 2 or 3.

On opprobrium? I hear it’s strong stuff…best served chilled

Spare a couple of minutes of time to look at Fenix results. If you are even more interested in valuations then plug a €30 m profit (you choose how much) into a DCF model at a sensible rate and see how much year 5 and 6 and 7 and beyond are worth today..

https://www.investi.com.au/api/announcements/fex/3767939b-de7.pdf

That’s a fair estimate (0.8)

Fenix produced 1.3m last year. No debt. $76m in cash. Same costs and similar logistics to port.

Couldn’t ask for a more similar company..

For goodness sake cj

130 as you well know is spot price. Go look what Fenix are getting as a similar sized producer with sensible hedging. Just look at their recent results..

Does your £60 include transport to dock, storage and shipping to China or wherever? Does it debt? Do you think Anglo or whoever will pay 130???

How many years of >1m pa are guaranteed at the moment???

Let’s hope so Birdy

I agree it’s dependent on what they find elsewhere not on this project alone. I will keep some back on that hope. Def scarred by JAY!! Ouch

Https://www.koboldmetals.com/news/bloomberg-bill-gates-backed-mining-startup-wants-to-expand-into-congo/?aid=01

I reckon if we had done a JV with one of the usual suspects we would have drilled or for sure would be next year Ashton. Trouble is KoBold are having a bit of a love in with Africa. Have you seen this weeks news regarding their plans, and failed bids in DRC?

We have a duff deal for Disko. Best outcome is drill next year, but they own it. No drill they still have 49% and we have to do a deal with a major who has no pathway to full ownership unless we agree to give them our 51%! Or we go bust and K then probably get the lot and do a deal with a major anyway for £0. They are on a winner having spent FA.

He is making good progress. For sure.

So a footballer has had a couple of terrible seasons, drops a division and scores in 3 games on the trot. Do you take him/her to the Euros next summer?

Brilliant. Please could you add Strandline, Troy’s most recent…

Sorry cj. These are facts not ramping or decamping. Just facts.

For sure he is aware.

Other readers may not be.

Luckily we are not digging any mine shafts cj!

I believe the phrase might be ‘temper your

enthusiasm’ . I will sell half at c 0.5 to 0.6. It’s worth a bit more depending on terms of borrowing. 2.7 is fantasy.

I wasn’t aware of Troy’s last gig, but just looked at the share price performance for last year or so. I was going to suggest that he couldn’t possibly destroy as much value as UFO s last CEO (Rod) at Bluejay (JAY). I think it could be close…

Anyone good with charts maybe run a comparison? I think Troy is ahead…

So that’s FMG where he met Chris Fraser, Sirius where between them they driovevit to the verge of bankruptcy then landed plum jobs in Anglo before being dumped when Anglo worked out what really needed to happen.

V funny

A few posters have mentioned Fenix. Not a bad proxy for UFO.

Take a look at their RNS alongside share price in July/Aug 2020 (approvals) thru to next leg up in December 2020. It also helps answer the how long to get a DSO up and running. Quite instructive.

https://fenixresources.com.au/asx-announcements/

Indeed

I found this of interest

https://www.karlka.com.au/common-law-holder-meeting-notice-2/

The agenda items and appendix are relevant