Member Info for GingerHippo

Trying to cause panic.

F you that it works on so many.

Not going to work on me though. UBS and CItic are still trying to complete the FSP. my calculations put our value at £1.

Nuff said.

Yet another classic bear raid

It isn't the same as previous 8.5s where there was an equal number of shares bought and sold, and at the same price.

Looks to me like someone closed or reduced their short position.

I'm not sure about that ratio.

The flanks are much more than 7 times bigger than the mining license area in terms of area. The fact that it has 'only' 7 times the PGM implies that it could contain much more of the by-products. Therefore, there could be much more than 7 times the copper and nickel in the flanks, so worth much more than £66Mx7.

But that's turning into speculation on my part. Point being, as you say, the by-product is worth a fair few quid, never mind the PGM itself.

Then there's Rhodium. Every 1% of Rhodium at MT raises the average price per oz by about $100 (($12,000-$1750)/100). If we have 5% Rhodium it takes the price per ox from about $1750 to about $2250.

Exciting times.

Apart from the PGM, Monchetundra also has 28,124 tonnes of copper and 30,140 tonnes of Nickel. Using today's prices per tonne, that is:

28,124 x $6,103 = $171.64M

30,140 x $13,730 = $413.82M

Total is $585.46M
That's £440.84M.

If we get 15% of the in-situ value, that's an extra £66M.

These are the by-products of just the area of the mining license, not the flanks. The flanks would presumably increase these numbers significantly.

A lot of her career has been working in Egypt, including over a year as General Manager Shell Egypt and Chairwoman of Shell Companies in Egypt and almost 3 years as Managing Director and Board member The Egyptian Bahrani Gas Derivatives Company.

Filtered.

STFU

From the RNS:

The net proceeds from the Placing, which was undertaken by the Company's Joint Broker Optiva Securities, will be used towards scaling up the production of West Kytlim

@17:21 but you didn't know it would go up 100% today. If you did you would have bought.

To my mind there's a very very good chance of a fantastic RNS for EUA that will do more than 100%. I just don't know when that might happen.

Not a daft question, Grin. If there's a sale the sp movements are irrelevant. But it's always nice to see rises not falls.

It's just tactics to get weak PIs to sell IMO. Drop the price and make them think something must be up, confidence is down, maybe IIs don't expect a sale to happen...... Many PIs are easily scared and sell for far too cheap.

Here are the facts:

We have 15M oz of PGM.
It's a 3:1 ratio of Pd to Pt ($2,000 and $1,000 per oz), giving you $1750 per oz
That's $26.25Bn in the ground.
Possibly 19M oz.
Probably another 25M oz near the flanks
Plus WK
UBS and CITIC are involved with the sale on a success fee basis.
EUA have had multiple interested parties
We are in a bid situation. This won't last forever. At some point it will be concluded.

If you use 15% of the in-situ value (similar to other recent deals in the PGM space), you get about $4Bn. That's £3Bn, which is £1 per share.

If you use 10% (because you're pessimistic) you get £2Bn, or around 70p. But don't forget to add something for WK.

We're now in the 20s are people are selling?!?!?! Madness IMO.

But they are both paid from the sales proceeds and both work on a success fess basis.

Everybody wants this done asap and for as much as possible. The only party that wants this cheaper is the buyer. It's the buyer that's dragging this out.

MM games. Absolute nonsense for the share price to be dropping

Why?
Why are you calling Wendy Dent?
You are not going to make this process quicker by calling the people involved.
You are not going to get any information not already public.
And if by some highly unlikely slip of the tongue you did, you would have screwed us.

That's better. lol

Nice find. Thanks.

I would love us to go to AAL

I didn't see the original post about EUA being a 'cult'. Probably cos the poster is blocked.

Cults normally take money from the followers. EUA just keeps on giving.

I'm up about 700% and nobody's tried to make me cut ties with my family.

Levi, you are clearly either a deramper or a PI who is still bitter about buying this fab company too early. I am filtering you and suggest others do the same. I just don't have time for this constant pointless whining.

I don't know why people think the ACF report only included the 1.9M oz.

It says "...........which we discount using a risk adjusted WACC of 30% for the entirety of the Monchetundra 15Moz asset."

The ACF report valued us conservatively at 54-60p, including 15M oz.