Member Info for GreggsStottie

I have said this before...but if no sale sp might drop, however if we decide to produce ourselves the dp will ve well north if the current sp.

I however doubt a no deal situation is on the cards. We are too far down the road and the bod have timed this to perfection.

How much is $150bn of pgm's worth....I would say more than 30p, possibly 12x that amount.

We will see...

From the ACF report:

Our trading multiples analysis includes a Rosgeo JV asset resources estimate -
suggests an EUA valuation of US$ 10bn + (£7bn +), subject to JORC results.Note that rhodium, iridium assets are
not included in our valuation. Our new lower risk associated discount factor
(WACC) for Monchetundra flanks 40 Moz is 16.7%.

Monchetundra, which could exceed 118 Moz of PGM plus battery metals
following Rosgeo JV execution, is a low-cost open pit palladium (Pd)-driven
project. The deposit is palladium-rich with a Pd to Pt ratio of 3:1 based on grade
with a variation between 1.7 to 5.8 Pd/Pt, making it one of only a few new
palladium-dominant development projects globally.

EUA’s share of Monchetundra flanks 40 Moz could be worth more than £3.0bn
alone and before any added contribution from the vast Rosgeo JV.

We think the negotiations are moving along and we HOPE that there is a bidding war going on behind closed doors....informal at this stage otherwise we would have had formal notification via RNS.

Happy to be up 20% on my most recent purchases....

That's a joke right????

We all think this is going to £10+ possibly £20 or perhaps more....but constantly asking the same question over and over is getting boring JWD....its all in your history.....flip flopping. I wonder why..............

So today is exactly 6 months from 12th May...............

We know a Japanese conglomerate are interested in our PGM's....could this be part of the plan???

Japanese conglomerate Toshiba will split into three companies, it said Friday, following a campaign by investors to boost the firm's shares after a period of enormous upheaval. The move is the first spin-off by a Japanese firm of Toshiba's size, and analysts said it could be a test case for other domestic conglomerates. The plan approved by the board will spin two companies off from the rest of Toshiba's operations within two years – one focused on infrastructure and the second on devices – with both eventually being listed. "It is an extremely big change, but there is a chance for each business to achieve growth," Chief Executive Officer Satoshi Tsunakawa told reporters. "Toshiba has changed its form and evolved throughout its long history of over 140 years," he added. "We have reached a conclusion that this strategic realignment is the best option."

I may well be wide of the mark...

Yes, the share price is on its knees. Yes, the revenue for 2021 is going to be considerably lower than expected and recently confirmed.

2022 should be a trans-formative year for SYME. Covid has certainly had an impact on the business, however they are doing all the right things to make it a success over the medium to long term.

A house needs foundations, and the business is on its way towards pouring the concrete to then build the house......all the regulatory stuff has been done. The platform is set up, the funding will come next. Then NASDAQ launch.....

Once the first IM comes (Italy, UK, ROW) and the white label use of the technology is in play I can see someone buying SYME. We won't therefore see the full potential of the business, however we could see 2-5p range in the next few years imo.

I am here for the ride. I have invested punt money and if it comes off I will have several holidays out of it. If it goes belly up (and I don't think that will happen btw) then that's life. Only invest what you think you can afford to lose...widen your investments to protect yourself from that impact. Spend time with your family and enjoy your life.

Make your own mind up as to what you do, and don't listen to anything but your own research.

All the best.

When the P2 trials were completed it took 53 days to analyse and disseminate the info to the market.
There are 53 days from 28 May 2020 (Last patient dosed P2) to 20 July 2020 (Result date)

We were notified last patient dosed today 11th November 2021......add 53 days = Monday, 3 January 2022

HAPPY NEW YEAR!!!!!!!!!!

Yes for 2021, however for 2022 they will be £5 to £10m then the valuation wont be anywhere near. I think fintec businesses are normally valued at around 40-50x earnings if my memory serves me right.

My reckoning we should be at around:
£5m revenue - £200m 3x current sp
£10m - £400m 6x current sp

In 5 years we should be well north of that and into the 2-5p mark. I am happy to wait it out....and YES I have no choice but to wait it out.

My balanced portfolio is doing ok today, tomorrow is another day!

Don't invest in just 1 share.
Accept that some shares take time to develop - especially those that need regulatory contracts or are complicated.
Accept that Covid-29 has had an impact on many businesses including SYME.
Accept that some share purchases wont work out, dont get mad, decide what you are going to do and stick to that.
Accept that your balanced portfolio is derisking those riskier shares that could go up in a few years.
Adjust your timeframe, adjust the lens...make a choice.
I am sure we wont be at these levels for long. In 2022 we should be up near 1p. Then you will be smiling.

All the best, whatever you do.

....or they might buy again.

Its pointless worrying about an index if you are invested for the end game. Looking forward to:

JV Licence transfer legals completed...
JORK upgrade for flanks snd Rosgro JV areas...
Incoming offers for substantially all of our assets...

Good luck holders...

Bought more yesterday.

I am also in EUA...bought at 3o, sold some at 4p. Now 23-25p range. Costs a huge amount to buy 100,000. Back in the day it was c.3k for that many. Others bought in at 0.5p and are very well off now.

That took a few years for the lucky (well researched) few.

This could be a similar story, and for a few grand risk is imo worth holding. That's why I am here.

I am really looking forward to the NASDAQ listing...the Americans love a fintec business...

Loads of news to come and a potential 10 bagger in the next year.

All imo of course....that's what my research is telling me anyway.

We still don't know how much we are cassetting each week....hopefully the figures will help us work that out! We are led to believe that NDA's are in place which stop the bod telling us.

Not long to wait to see the results...an approval on the 24th/25th would be very welcome.

If JORK is known to the company then they have to RNS it under AIM rules....it is sensitive information that depicts the value of the business and therefore needs to be available to shareholders/the market as soon as possible.

They can't withold price sensitive info....they can ask Wardell to be slow, or not produce the report until a specific moment in time if this suits a buyer......EUA are paying for the report (we think!) so I suspect they are playing the GAME in line with relevant discussions...I do think that the BOD will have used the "shortly" comment to get the interested parties to make their move....if you don't make a move then you might miss out if and when we publish the official JORK...

Just my take on things. I could be wrong, but guess we are all trying to disseminate the info in the public domain.

Mike, you are quite right that it is not a done deal until it is legally binding. At that point we will be notified by RNS.

What I think Mac is saying is that it looks like we are following a M&A process. Whether anything is legally binding yet, we don't know. We don't know what the NDA's state as notifiable or not. We DO know that DD has been done by the "credible party" and they are happy.

So now we are onto the business end...more formal offers. Dmitry is a skilled negotiator and will be working hard to make himself a Billionaire. Big KUDOS in Russia......I believe we have had non binding offers prior to DD, and offers in line with the BOD and advisors views. Otherwise, why bother closing the FSP????

If we get no formal offers then what? Well, EUA can continue to mine and in 2023 we will have a ma-hoo-sive amount of valuable PGM's out of the ground in line with the mining plan.....we will sell these and make a very good long term profit.

So, I don't really care how long it takes. We are sat on a load of value. Someone wants it, and we will likely sell it....

Given the future need for these assets I cant see this staying as it is. There is too much money to be made by UBS/CITIC....and Christian is not getting any younger!

Selecta, think you need to let this one go. I don't agree with you, but you have your own perspective and that's fine.

I will leave the legal stuff to the legal experts, the informal/formal negotiations to the bod.

...I am also happy to pay fees on success, assuming a good deal has been brokered.

Selecta...wrong. UBS and Citic are on a success fee. Not sure about the lawyers but presume they will be being paid.

I suggest you read the old RNS'S to see what is in the public domain for yourself.

Selecta...a potential aquirer might be given a clear understanding as to what the bod want for an asset. The potential aquirer might say informally YES as long as we can do DD and prove you have what you say you have.

Once DD is completed the potential aquirer then makes the informal bid formal.

We now know other players are after the assets...bidding war underway, once JORK is announced to the market...

Selecta....there are no upfront fees. No sale = no fees.

We know that our advisors are completely aligned with the bod to make this happen. It's just a waiting game now.