The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Second vote for Vox, it also seems to filter out all the 8.X form RNSs. On the downside all the other companies I follow have been releasing plenty of RNS lately, and every one got me pumped thinking it would be EUA XD
laurenlouise I think you'd fit in better on ADVFN - that board seems to have become a shorter's sewer, full of people confidently boasting that they'll be watching the SP half tomorrow.
The problem with being confidently deluded is that it doesn't affect reality one jot. Dear shorter's, The Earth is round, the COVID vaccine doesn't contain microchips, Elvis is dead, and so is your bank balance
No offence to the lot of you, but this board has become tedious. There's only so much baseless optimism you can read while the share price aimlessly bibs around. Even the bottomless rums were becoming a chore.
But this is exciting again, and I can't wait for Monday. I can take the bottle of fizz off the desk where it's been gathering dust and get ready to ice it. The glorious ending is in sight, and this latest development shows that the work going on behind the scenes has been even more complex and extensive than any had speculated. I'm even more impressed than ever that this company and the partners, have been completely leak proof, and I have full confidence in the board.
Rums all round! ;)
EUA just grabbed 75% of massive new acreage, in addition to the licenses already held. They could go it alone, and spend a few years bringing 9 (?!) new sites to production. With the current trajectory of PGM prices that would be absurdly valuable.
On the flip side, EUA are still in an FSP, and now every bidder can read that RNS and replace every instance of EUA with their own company. If you get EUA, you also buy a collaboration with RosGeo across a massive new collection of sites.
Plenty of naysayers on here, buy can any of them actually explain how this could possibly lower the value of the company?
That just isn't true... that's ignoring the 20-40 years or infrastructure, labour, processing, and equipment costs that it takes to actually get it out of the ground. It's a mine, not a cash printer.
It's an incredible amount, on completely new sites, but it's not a $120bn increase in corporate value
This is not the resolution of the FSP, this is a completely separate agreement based on sites adjacent to, but not including, MT... There could/will still be separate news regarding the FSP as relates to WK and MT, though specifically calling out the Sinosteel agreement in this RNS does suggest that Eurasia is going to pursue that agreement and build a mine.
So 75% stake in 104.6 Moz of PGMs, AND an ongoing FSP for current assets? Is that right?
I'd be interested in more info, sounds fishy. Occasionally platforms revisit the leverage that they require against certain shares in light of their risk profile, but being given a deadline to close is nothing I've ever heard of.
I'd be furious waiting all this time and the news dropping a day short of the new ISA allowance
Don't get me wrong, I'd appreciate an update too. As in, I'm absolutely desperate for this to be over. But if a BOD and M&A team with this much experience is taking this long, I'm going to trust that it's for good reason
If you had multiple offers on the table, would you pick the highest and ignore the rest, or inform the lower bidders that they haven't made the cut, and would they like to try again.
It's not shopping, it's negotiation
There's been plenty of talk about the experience of the BOD when it comes to valuation and deals but nothing substantial about CITIC and UBS.
Imagine being a global player in M&A, and after over a year of rumblings, and 9 months of definite progression, they couldn't engineer a sale of the last PGM mining play in the world. Heads would roll.
The year is 2062. As the weekend approaches the clamour begins on the board...
"Can't go on forever", "Wouldn't want to be out over the weekend!"
The FTSE 500 hits 80000 points, Bitcoins are worth $7m each, EUA still flops around in a steady range of 25-30p
"I've got a good feeling about Monday, it's my birthday!"
Why do you think AP have been on site for the last 12 months running core samples all over the park? The amount that exists isn't something that is punters know about, but more specific information will be in the data room and will influence the price
The problem with being right is that it is very difficult, and takes a lot of research and education.
Being wrong is much easier, as Micky1971 is keen to demonstrate. The issue is that when everything is all said and done, they'll just vanish from the message boards, and there are no repercussions.
Guys a POS, posting negative spam across about 6 boards within a couple of minutes.
If the strategy is to spread negativity or specific boards and drive the price lower, this is a truly transparent and pathetic attempt
A couple of months ago I flagged AVCT to a couple of mates. It promptly dropped half its value, to my chagrin. Fast forward a few months and it's doubled back up again, for a 50% net rise had they held. I'm so done with tips, it's not worth falling out over.
DYOR
no really, DYOR
Sure, that makes sense. But the assay still has a detection limit and the virus still has an incubation period. Making the test mobile doesn't make the test better. Going to a site doesn't mean that any outbreaks will be solved, it just saves on postage.
Honestly it's like you guys are all waiting for a Ferrari and someone's given you a unicycle, now you're trying to rationalize it as they'll both get from A to B