Member Info for evansthemeasure

Does anyone else share JVs view that copper is the next big thing in 2026. I hope he is right as I have reduced my gold miners in favour of copper miners, but still get the feeling the market doesn't support this idea yet?

Does anyone know whether the £1 billion valuation represents fair value? I see Claystone were the original holders of the lease and have sold the lease to UPSA in return for a 3% royalty fee. Without knowing how much it will cost to develop the quarry, production costs, sales costs size of market (FID) etc., we have nothing to go on. At the moment it is just a hole in the ground with a licence to extract something that may or may not be worth something. Presumably some of this material has been extracted and sold, what are the details? For me this is definitely a wait and see, but good luck to all those who have taken the plunge.

Is China building up its gold reserves to support a new digital currency backed by gold. Frank Giustra recently talking at Rick Rules symposium seems to think so. If he is right the implications for gold going forward could be enormous. If this link doesn't work google Frank Gusitra, Nomi Prins interview.

https://www.google.com/search?q=frank+giustra+nomi+prins+interview&sca_esv=6181e4a68536525f&rlz=1CAZZYC_enGB1011GB1011&ei=ommUaKTyPJSrhbIPx5Lp8Qo&ved=0ahUKEwiky43HqfiOAxWUVUEAHUdJOq4Q4dUDCBA&oq=frank+giustra+nomi+prin

I wonder how many of these will survive and will they start to prey on each other to acquire more Bitcoin.

https://bitcointreasuries.net/

From Don Durrett's Substack, he reviews his 5 bagger picks. Greatland is about 24mins 40 secs in. Although worth watching the whole thing if you are into gold miners.

https://dondurrett.substack.com/p/5-bagger-gold-producers-6222025

Just like everybody else here I'm trying to get information on what these diamonds might be worth. I found the following site which seems quite useful, I'll let you decide what you think is a realistic valuation based on this information.

https://www.info-diamond.com/rough/rough-diamond-prices.html

I think in order to raise the profile of the business and increase global investor appeal as we enter the digital age, there is an opportunity for the company to swap the diamonds for Bitcoin and borrow against the Bitcoin to raise cash when needed. That way the company retains the asset with the potential of it increasing over time. Microstrategy has proved this works with a valuation far in excess of its assets. Buying Bitcoin could be timed to take advantage of dips in the market.

Looks good to me.

https://www.bakerhughes.com/company/energy-forward/5-things-you-should-know-about-flaring

If Sidara make their offer by the 17th April, what period of time would be reasonable for WG / shareholders need to consider the offer? There doesn't appear to be any ruling on this but presumably the looming suspension period will have an affect.

Any ideas?

I think Sharebel is right to point out the exact wording of the RNS.

What is different to me this time around is the fact that no offer price has been stated.

We are all drawing our own conclusions and interpreting this differently.

Personally I think Sid are carrying out a more detailed investigation to arrive at a fair value, whether they are privy to the findings of the financial revue as part of the DD, I don't know, but I assume they would want that information before making an offer.

Another point worth raising is that WG is willing to sell off certain elements of the business to stay afloat, they were looking to raise another £250m this way. It may be the case that Sid are looking at elements of the business that interest them as an alternative to the entire business. WG may consider this as a way to re-size the business that enables them to retain their independence.

In my view it is best to keep an open mind with all options on the table.

All imo of course.

Just for fun (please don't take this seriously). I don't have a crystal ball but I do have a set of tarot cards.

I asked the cards what does the near future hold for WG. I drew one card from the pack (72 cards).

Death XIII

Interpretation as follows,

'Change is symbolised by this card, which tells the questioner that the old order will give way to the new. It's the end of an era. They're being given the opportunity to make a fresh start, to embark on a new phase in their life and to put the past behind them.'

So there you go. I think we've covered all the bases now, just have to sit and wait.

The.Crowman - I've got to agree with your point of view. Hopefully the new CFO (temporary appointment) has had time to make an assessment in broad terms and convince the BOD that they need to be receptive to unsolicited bids. There is a real danger here that the core value of the business is being eroded and people will up sticks and leave. Sidara aren't fools, they have returned to the table to discuss a deal. Let's hope all possibilities are being aired, but the deal we are all hoping for may be nothing like the one that eventually transpires.

Taking a simplistic on the value of the company, ignoring its current trading performance,

1. The Net asset value based on the June 24 accounts was £2.6B.

2. The latest trading update advised that significant impairments would be made which would reduce this figure.

3. Assuming a revised NAV of £2B, that would be the cost of setting up a similar company from scratch before trading, similar to buying a BTL before letting.

4. That would equate to approximately £2.90 per share.

5. So if Sidara wanted to start from scratch and build a similar size company to WG, that's what it would cost.

All imo of course but food for thought.

Posted on X.

https://x.com/ITMPowerPLC/status/1901944408666198430

Re: pop-ups - Yup, google survey in particular. Any ideas how to stop it.

as an alternative to buying the entire share capital would the following scenario have any merit,

1. wg issue 280m new shares to sidara effectively giving them 29% of the enlarged share capital of 970m shares.

2. the price of these shares at say £1.50 creating £420m of new capital (gross) for wg to negate its current negative cash flow and reduce some debt.

3. in return sidara would be given a seat at the table but without complete ownership enabling collaborations going forward.

4. the current share price would then rise towards £1.50 satisfying existing shareholders.

5. all legacy issues would be eliminated creating a fitter wg going forward.

or am i talking absolute *******s - your constructive thoughts appreciated.

YorkshireBlues, I think we are slightly at cross purposes. It seems that Almacogan has just answered my question. All I wanted to know, was there any evidence out there beyond the RNSs that supported the idea that they were engaging. As I said previously WGs attitude towards Sidara last year gave me the impression they were resisting and being unhelpful.

Dickbat, You're right I am de-ramping, but it's better to have a balanced point of view and not get sucked into the hype and ignore other possibilities. Remember COPL and all the crap that was being fed on here, lots of people lost a lot of money due to the misinformation being thrown around. I hope WG do get a good offer from Sid, but when people start suggesting things are happening when there is no evidence to support it I think I'm entitled to challenge that point of view.

I've posted this before but it does make good Sunday afternoon reading.

https://www.pressandjournal.co.uk/fp/business/local/6695334/wood-group-aberdeen-crisis-what-has-gone-wrong/

Jtrade1, My thoughts also, let's hope the next notification is a positive one. Good luck to all investors here particularly LTHs who have had to put up with a lot this last year or two.