The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It is the current best, sure. But by the time it's a viable product, by the time these events are really ready to open, an ODX/AVCT/US equivalent will be in place, and this won't have any demand.
This product doesn't hasten the return to normality, it only makes it easier to buy NCYT tests if you were going to do that anyway. A 30k seater stadium, a 100k person festival... What, do you have 100 labs (and 100 sets of staff) to handle that? Or do you wait for a fast portable test... You know the answer, don't let your investment colour your judgement
"Each MPL is able to process up to 900 COVID-19 samples per day... This throughput model supports multiple use cases such as on-site testing at workplaces, schools, sporting and music events"
This is still PCR and it is still slow turnaround. It just doesn't address a realistic use case for any of those proposed situations. "can't wait to watch live football again, shame we have to turn up 3 hours early and sit in a quarantine pen while they run my PCR test". Sorry, but no. NCYT might have the best test, but it's not the right technology for situations where a fast result is required.
I think a cash + share deal is more probable than a cash & ongoing interest deal. Reason being that EUA has heaps of value in their current licenses, and also have first mover advantage on adjoining territories as far as further licenses are concerned. A buyer will want it all, including the rights to expand. No sense saying "MT and the surrounding areas are uniquely potent for PGMs" and expecting that a buyer won't want them as part of the deal.
If this is a cash and share deal, I'm inclined to keep hold of the shares in whoever buys EUA, as the evidence suggests that the value of the site will be 10x the value of the sale.
I remember around April/May last year when the GGP board was getting all amped up because a competitor was fund raising for a huge merger.... The very next day the company released an RNS stating that they were buying someone else entirely.
Personally I think this share has returned back up to the levels it should have been trading at already, AA or not. Don't pin your hopes on an AA fund raise, and don't get upset if that comes to nothing.
I am still long here, but I don't think that an RNS would have been released if we were looking close to the process. At least another month or so is my expectation.
That being said, looking at the resources in the ground, global demand vs. supply, the environmental benefits of this site vs. similar mines, and the flailing competition in SA... And still expecting a sale below the current SP seems... Mad.
I'm not sure what people want. How can you complain about the lack of information with the same comment that they say "I know there are NDAs"
We as investors haven't a clue, but the board have all the information and so will prospective buyers. Just wait for the offer(s)... Or start a mining company worth billions and try to muscle into the FSP as a late bidder. They're the only options I see.
I definitely didn't read it as antagonistic, but then my deramp-ometer is perhaps less finely tuned. There are no doubt tons of holders, some being participants on this board, who have averaged up over the last few months in expectation of sale. I believe that's still the most likely outcome. The process was initiated by prospective buyers contacting the BOD, which would have been in the form of a sketched out offer. This proceeded to an FSP in which there were multiple non-binding offers. Now those are being progressed to Binding offers. At any point if the price was wrong the process would have been halted and the FSP ended. That suggests to me that the offers are viable, and there is intention to sell. All roads lead to a sale in my eyes
I will feel utterly miffed if I have to sit on my hands with substantial funds invested here and watch a zero-stamp duty window go by, get extended, and go by again, only to have this sale resolved when stamp duty is reintroduced.
Come on chaps, get it done
It was made clear via RNS that offers weren't going to be binding until the DFS. Furthermore if the offers were rescinded the NDAs would no longer apply and we'd find out near instantly.
Not knowing anything is a real testament to the professionalism across not just EUA, but the bidder(s), UBS, DLAP. Incredible to have all this tied up tight for over a year now
Please for the love of Pete could people who otherwise post intelligently stop mentioning BlackRock.
BlackRock hold funds which track indexes. Those indexes didn't used to list EUA, and now they do. That is the only reason BlackRock have bought EUA.
If you have evidence to suggest that BR are intentionally buying EUA, please reference a fund prospectus that shows this, otherwise you are just a kool-aid drinking ramper who doesn't do their own DD.
Yesterday DimitryReacts posts about a biblical RNS coming on Thursday, and it is largely dismissed.
Now there's 2000 posts on the board demanding and expecting an RNS premarket on Thursday. World's a funny old place.
How is this still circulating? BlackRock run index funds, and bought EUA when it was added to those indexes. There just isn't a deliberate special interest in EUA.
I'm long EUA to the end, but this is just plain wrong.
I've been in EUA for 12 months now, investing chunks of money all the way up from 3p.
My colleague has made a better percentage return in the last week by buying $GME calls based on reddit memes.
I'm really hoping all my reading, researching, and nail biting during those suspended months won't have been for nothing. C'mon EUA. give us a sign
Does it seem strange to anyone else that the RNS enumerated the PLATINUM that has been pulled out of the ground this season, but didn't confirm details of any other metals?
It's possible that Platinum was the lowest quantity obtained, and as such was the first load to complete refinement, but it would be interesting to hear opinion on why the "last unconsolidated Palladium play", in a market that is seeing monolithic rises in Rhodium prices, would RNS only the quantity of Platinum
There is a justified reason for the SP to rise - EUA is now included in market indexes, which also explains the most likely reason for the BlackRock RNS. Even without news specific to EUA's sale or mining ventures, the demand for this stock has risen.