Member Info for Ibizamatrix1998

Hi Lancerman, does the December 2.9 mean we’re not using the 3.033bn shares + options to calculate the final SP?

GLA

Hi Ian, Sir Isaac Newton sold his shares in the South Sea Company for a 100% profit. However, he got caught up in the bubble, bought again at a higher price and lost £20K, almost £3m in today’s money. It led him to make the famous quote “I can calculate the motions of the heavenly bodies, but not the madness of Man.” A salutary lesson as valid today as in 1720.

GLA

Hi Mac, from your experience, how long could the Final Negotiation Phase last for?

GLA

Hi Rover, I think AMC stopped drilling in 2018 so their sole focus has been the TEO, long before COVID hit. Therefore, I sincerely hope that they get this submitted by Q1. As this was due in 1st December 2020, that would be a 4 month extension...

GLA

Hi GoBig, I heard he tried to find the mine but got lost as the satnav lost the GPS connection, apparently due to the dust in the surrounding area. Go figure...

GLA

Hi Fen, did you remove the similar outliners on the low guesses too? Clearly there were heavy rampers/derampers either end. If you remove 2.5% either side that will give a standard deviation of 2 where 95% of the probable results are, and take the average from that. Is it still at £1.52?

Thanks Ian for all your continued efforts throughout.

GLA

Hi Mac, how long is the "final negotiation phase" expected to last for? Do we expect there to be more than one bidder at the final neogtiation stage? Your link only goes to 5 steps, unless I have missed something.

GLA

Hi Stix, that got me thinking, I think there is only one London Tube station that doesn’t contain any of the letters in the word “mackerel”. Any ideas whilst we’re waiting?

GLA

Hi Harry, I absolutely agree. Full TO. Sell MT and mine WK. JV for both. Mine both ourselves with SinoSteel. There is a safety net underneath a safety net. We all know the superlatives, we don’t know the timeframes. This is just different visions of success. I’ve got 3 years before I can access my SIPP so just letting it all play out.

GLA

Hi Work, I’ve just booked a private jet to the Canary Islands and a trading course! I’m easily distracted.

GLA

Hi, Dimitry has himself stated that the disclaimer is standard procedure and is a best practice addition from our NOMAD. There is nothing to see there. Any binding offers will be based on resources/reserves and not the current SP.

GLA

Hi Steve, I am not prepared for a no deal scenario. Having such professional firepower at our disposal for such a long time, means that the deal is likely to be far more complex than a straightforward TO. I am prepared for a hybrid approach with an aset sale and special dividend and the ability to continue mining with dividends during the life of the mine.

GLA

Hi Silver, hopefully the pandemic has shown us that we all need to be more thoughtful and caring towards others, rather than being selfishly focused on ourselves. My father died 2 weeks ago from COVID and I received many condolences from work colleagues and friends who did not know him. I took solace from that and knowing that people still cared enough. Our thoughts with the BOD and for his family are sincere. Perhaps you could take a minute to reflect on that?

GLA

Hi Ricardo, I think that’s high frequency, low latency traders. Sent in a positive spirit.

GLA

Hi Simbah, assuming we get the TEO as suggested by the end of Q1 2021, can someone explain what the projected timeline will be to produce the mine plan? The cynic in me tells me they will rinse this out until June 2023, but what could a positive outcome look like? June 2022? Appreciate any insight from experienced posters who may have gone through this process before.

GLA

Hi Brisk, I’m also up for that. Post the email and I’ll get in contact also.

GLA

Hi, if there’s $30bn in the ground, could we expect 15% of that as per previous PGM mine sales? That’s $4.5 or about £1.08 per share. Keep believing.

GLA

Hi, I think Henry VIII went for the hacksaw option, or the Tudor equivalent. I can’t remember if it went well.

GLA

Hi, is the index reviewed quarterly on 31st March 2021?

GLA

Hi Magum, great post. As the RNS stated "delays caused by travel restrictions", could we be at Stage 8?

GLA