Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Mr Luthee,
You stated that ". . . a 1p prediction is premature - without significant more information. . . ",
viewpoints may be different, but the COMPANY itself took this 1p valuation earlier through the Subscription Price listed.
Would anyone else like to contribute to this - before I summarise the many posts presented that already agree with the subject statement?
Mr Sharebel posted the above statement today concerning EUA assets,
Maybe over the long weekend others can contribute and justify the above statement is true.
I don't want to ignore opinions against - but I am more interested in the opinions from people who can contribute positively FOR the statement.
Quantification would be appreciated but understand if not presented.
Also - enjoy the weekend !!
I mentioned earlier today that multiples of SP increases nearly always caused by share consolidation.
Well - there is another exception today Xlmedia - maybe not exactly multiples but over 100% increase again also based on a potential asset sale.
Maybe tomorrow we get three-in-a-row !!
Mr Treadingcarefuly,
No, I have never forgotten that.
Thanks for the concern.
Mr nemethv,
The SP has been around 2p or less for months - that's enough time for many new investors to move in - and so a 4.7x increase would be incredible in such a short timescale to such investors.
Not all current shareholders bought in the 3 years before Feb 2022.
The longer the SP is suppressed - the easier it will be for the BoD to justify a lower sale price than years earlier.
But is this asset sale still happening !! as EUA have been informing everyone all the time . . . "At present there can be no guarantee that the Company will enter into any binding agreements regarding the sale of these assets", maybe there is more truth in this statement than some would like to believe.
Good morning - always wanted to be first in the days post!!
I know there are still some here that believe or are "very hopeful" of a successful conclusion to this ongoing asset sale and also "very hopeful" of receiving multiple returns on the SP from the asset sale.
- I may not have as much belief or hope as some of you - but I do believe in facts.
Normally - when a SP suddenly increases MULTIPLE TIMES it is nearly always caused by share consolidation - however yesterday it was observed - but NOT due to share consolidation!!!
Check out Roadside Real (ROAD).
It went from 3.25p to 12p (THAT IS 370% INCREASE) - and all this was based on a partial asset sale. It finally closed at 9.35p.
So - it can happen - and ALL YOU have to do is believe, tap your shoes 3 times saying "there's no place like Eurasia".
Notice this company MCAP still sliding towards book Net Assets.
No update from BoD since their forsaken hope concerning sale by end of last year.
Maybe best for the BoD to stay quiet - based on past statements.
What can't speak can't lie!
Richard98,
Lets hope we hear news of worth in an RNS before your deadline date.
Mr Fishun,
3 or 4 years ago GRL had an MCAP of about 50% of CMCL.
CMCL have been generating 70-80Kozpa for the last 3 years.
GRL rhetoric have been 50kozpa, 25kozpa, 10kozpa. . . . writing on walls along time ago for this organisation. Possibly correctable 2 years ago but no longer.
Suggest Shareholder Approval if they change the BoD (or get some proper people to assist them) - what I suggested many time in the past.
The current BoD are clearly out of depth - no matter how positive they are - they need help.
Mr CrazyFox,
You asked the question:
"Does anyone know of any listed companies that were taken over for multiples of their current market cap?"
I think recently the company Hotel Chocolate (HOTC) was taken over by Mars for about 2.6x their share price the day before RNS released, or 3.6x what the share price was 3 months earlier (assume small knowledgeable people tipped to buying during the months building up to announcement).
I think for higher ratios - you may find some in the pharmaceuticals industry.
For information - most mining NPV calculation based on FCF provides the OWNER what it is worth to them (taking into account spending capital on developing the asset).
From the BUYERS view - this NPV will be significantly diminished if they have to spend huge amounts to buy the licences in the first place.
Example - CPR for NKT had NPV of $1,188M$ and payback in 3 years. Assume EUA sell asset for $500M$ then payback will be at least 10+ years - not many venture capitalist would consider this - money probably safer in savings account!!
Forgot to add - whilst PEEing they also paying divs of approx. 5%SP.
Mr Lilah,
If you looking for a mining company based on AIM which is PRODUCING and EXPLORING and EXPANDING (PEEing) and you up for a little territory risk - then Caledonia (CMCL) is a good starting point.
It is good to see CMCL have justified their statement a few months back that they still predict to achieve the 2023 production guidance (75k-80koz) especially with the issues encountered and reported back in August.
After the completion of the new shaft - I was hoping to see the AISC being reduced a little - looks like it will not happen in 2024.
Mr deano1963,
I think you have answered your own question.
That's why it is considered positive.
Mr Pompal,
Not sure who you talking to but I agree with you.
Its the first evidence I have seen to indicate they can transfer funds to outside of Russia - others may already know.
It appears also good news also for Eurasia Mining Plc ("Eurasia" or the "Company").
As the RNS states Eurasia Mining as "the Company" then the later statement ". . . the Company now has sufficient working capital to meet ongoing obligations until early Q32024. . . ", must therefore apply to EUA as a whole and not just for Kosvinsky Kamen CJSC.
Therefore - EUA can utilise this money and transfer between PLC and subsidiaries without sanctions being impacted - otherwise they could not make the statement.
Mr Bobbybingo,
As you have an opinion on the minimum sale price - could you inform us what 50% discount is in US$ ?
I base the above on your statement "Whatever figures are used for the sale the assets they will be sold at far greater than 50% discount of valuation of those assets".
Mr Okfornow,
COMPANY has 3 months of survival money. It would be good practise for the BOD to wrap up any sale before approaching the "end date" of the 3 months period as to avoid the acquirer dictating everything.
If no news by end of January - then maybe the company is selling assets for sunken costs only - not everyone's cup of tea.