Member Info for Jambo813

And much much more to be repeated for the rest of the year

Not sure if they are still on the no deal no fee arrangement as this was specific to the sale process which formally ended.
There has been no clarity from the board over this and there should be IMO nothing preventing them to give us this info.

As far as I am concerned we could end up selling anything from a couple of second hand drills and spare tyres or anything up to 75% or more of total assets ( value anyones educated or otherwise GUESS).
Just get it done in 2022

If they sell the 25% then I would expect a special ( large thank you ) dividend to be paid out and a nominal amount retained to support exploration for a couple of drilling seasons.

Yes Tilly
There will be other RNS s no doubt but each one will drive the SP closer to true value ,whatever that is so this stock is a buy here on in.

Equals much more time,
Be patient

So it must follow the unknown stuff “validated by experts” must be put out there in detail for us all to know as will otherwise be inside information.

Berisford & all
I think we can discount any sale of parts or even one part to date for obviously reasons.

May well happen Cheltenham but if it was someone big as RIO they would likely take out NCM first and on the cheap as far as Haverion and infrastructure is concerned.
That is the quandary NCM need to contemplate if trying to get a low fair value on just the 5%

Depending on the ‘ Fair Value’ agreed fir the 5% I think as far as takeovers or sale of remaining 25% then the dynamics could be very very interesting.
Question is how other potential suitors for either GGP or NCM would view the fair value, not just in the price but more so on the size of asset in OZ it is made on ( plus any detail of any premium).
In other words if we believe it’s low on all counts NCM get a bargain but could be very attractive to a potential bidder who would very spend a fraction of funds on a starter GGP before going for the main course.
Exciting times ahead one way or another.

A done deal is when it has been signed off. Once signed off it must be reported. Fact
Is it a done deal ?

Definitely NOT the same .
In fact as I said before the RNS is a dividend policy which may or not be applied to any Special Dividend .
Net income in any financial year is net of all operational costs taxes etc and you only get to that figure at the end of a financial year OR you calculate the estimated costs that will be charged for the remainder of the current financial year.
The RNS was the div policy with a target for all future dividends . So arguably this could be seen as the carrot that could be dangled if and I say IF the Co were to say there is no sale and are going it alone for future riches

I too am getting fed up with the
Progressing strategy
Executing strategy
Implementing strategy
Div policy - in name of transparency. Eh!!!
How about , and in plain English THE STRATEGY

If there was a sale tomorrow the proceeds would be in the accounts ending Oct 22 so unless paid out as a Special Div (not covered by the RNS) any ordinary div would be declared at the AGM around June 2023.
Just saying and open to any corrections

Predictive text LOL

Not saying it is but would aid non suspension in event if a Spartan sale and a value of EUA2
If sale is announced the market should have enough info to put a value ( hopefully with even added info) more accurately on EUA2 pre any subsequent div announcement following a concussion of the sale.

Totally agree, it’s standard practice to have a div policy and it relates to income in a company’s financial year. October to October. So surely any net profit by October 2022 is what the RNS refers to.
A special div is a completely different matter. So this RNS in my view has been issued for one purpose only , and it has worked a treat. Many excited posts on an incoming sale announcement but the narrative could easily be seen as we are going on alone and the carrot is annual dividends in the future

Assuming like most there is a sale, then yes a div will be paid. However ( and one for the accountants) what exactly is net income.
Not withstanding any div would be based on and payable after a full years trading results - net income is obviously after tax but also expenditures. The latter could be huge so we could still be waiting for many months post any deal and still not get anything near that meets expectations

It is all about supply and demand and should never /ever be looked at on a daily basis.
Unless you know what the MMs are carrying and what each hold at their book cost then it is impossible to know what the true demand is

Especially if it ends in. “ OPEN at……..”