Member Info for Investor81

Valuefinder I agree. I was just trying to understand the potential with some of the numbers being posted here. 75p and I was in on Monday.

Anyway good luck all. I now better understand the potential AND risks here. Hope everyone get the price they are hoping for.

Valuefinder another article.

'The price paid per ounce in this deal was well below the 5-period moving average paid for gold juniors, which was at $85.73 following the Continental Gold (OTCQX:CGOOF) acquisition by Zijin Mining (OTCPK:ZIJMF). This suggests that despite a much higher gold (GLD) price, gold juniors are still not getting the respect they deserve from suitors when being acquired. This is not ideal for investors hoping for massive premiums and suggests that there's no reason to overpay for development stage juniors above the $60.00/oz level.'

https://www.google.com/amp/s/seekingalpha.com/amp/article/4328712-gold-juniors-index-how-otis-gold-acquisition-stacks-up-against-prior-takeovers

Per the table in the article continental sold their columbia project at $93.19 per ounce for a resource size of 11.3m ounce 9.39g per tonne gold.

There is definite potential here but....

Thanks valuefinder. So based on your calculation of 20m ounce at $200 there could be two scenarios:

1. 5% acquired at fair value say £150m (£900m/30*5). Use this to fund any capital costs required for GGP remaining 25%?! The remaining 25% will be realised over the life of the mine...
2. Hav 30% is purchased for £900m. This would be a significant capital outlay for newcrest.

'there have been six gold producers acquired since 2015 above $100 million market caps, and the average price paid for these assets has been $151.31/oz.'

Most recent acquisition was March 2020 where 9.9m ounce was acquired for $67.47 per ounce where AISC/oz was $728.

Source: https://www.google.com/amp/s/seekingalpha.com/amp/article/4333815-gold-miners-index-how-semafo-gold-acquisition-stacks-up-against-past-takeovers

I'm confused where people are getting $900 per ounce for GGP? Anyone help please.

What is the general consensus? How much per ounce are people expecting?

Any questions about payment to newcrest for using their facilities seem to be ignored! Anyone know how the 75p has been reached? What value is being assigned per ounce?

What value per ounce are people using to get c70p valuation? Will GGP have to pay newcrest to to use the telfer plant, processing facilities, etc?

Has anyone got the potential valuation calculation for GGP 30% interest in hav?

The third leg of BP’s investment in renewable energy is the joint venture with Bunge of Brazil that produces vehicle fuel as ethanol. Bodes well for long-term outlook for @Sunbird_Africa and #CNEL ??
https://t.co/NkIimGhyhR

@beerbull

The $300m cash flow surely belongs to pmo as the acquisition date is 1 January. So by not coming over to pmo it is effectively part of the consideration paid?

As an example if PMO paid $625m they will have received cash of $300m. However they are now paying $325m (including the deferred consideration) but don't receive cash of $300m as BP are keeping it?

Beer bull that cash flow surely belongs to pmo. So by not coming over to pmo it is effectively part of the consideration paid?

beerbull the way I have read it is that BP are retaining 300m cash too. This is now whilst the benefit of the abandonment costs will be in the future?

The share price is an absolute joke. When covid hit they were quick to move it down however this has not recovered like many other shares.

Estimated abandonment obligations reduced to $240m from $600m however BP are now retaining $300m which will have otherwise been transferred to PMO as part of the acquisition? Is this how others read it?

Original price $625m
Less
Cash retained $300m by BP
Less
Deferred payment $115m subject to higher future oil and gas prices
New amount payable $210m

ARCM are getting new shares at a discounted price of 26.69p which equates to approximately $27.5m. The proceeds will part fund the $210m. 'ARCM will use the new shares to reduce its current short position'. Not a bad deal for ARCM!! Allows them to significantly reduce their short position off market.

How will the remaining balance of $210m be funded?

Any thoughts or corrections please?

in the RNS it states:

SolGold looks forward to delivery of the PFS for Alpala by 30 September 2020"

Did someone mention BHP and October? What was that in relation to?

Read the RNS and whilst there are some delays i believe the company is in a strong position.

Shell are fully committed to drilling Pensacola and Selene prospects.

Potential farm out on further two licences. Second half 2020?!

Multiple licences applied for with results expected this summer. One has been made jointly with an established international operator.

Strong cash position and fully funded until Mid 2022 (including share of two exploration wells).

Cost reduction exercise carried out.

Potential to acquire cash generative production. 'Window of opportunity that the company will look to capitalise on as appropriate in order to enhance shareholder value.'

The share placing is fully underwritten which shows strong appetite and demand.

The raise is at a discount of 8.7%. Avct raised at a discount of 4.4% and there share price is currently higher than the placing. IWG raised at a discount of 8.1% and there share price too is currently higher than the placing.

Good luck all.

Tier 1 project being advanced and company rasing cash to progress. Should add value imo.

Other raises via PB would suggest this won't fall to 18p. The money should add value going forward and the fact they are raising at this level shows support.