The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
I agree it wasn’t so long ago since Crux recent interview with FM. Would like to think some new interesting discussions taking place rather than the same old back story and aspirations.
Possibly some discussion around Eskom, operational update and his thoughts on Duferco position as hopefully a long term stakeholder.
@LawrenceH- I understand the deadline for tender submission was 21st October. Has guidance been provided regarding announcements of successful bids and contracts? I would have thought this would likely be Dec/Jan?
Could it be possible that EUA retain some form of investment in the assets that are being sold?
For example, MT and surrounding area is sold and a future royalty payment is paid back to EUA as additional licences are acquired by the new investor and production is scaled up.
This would mean a huge asset disposal and dividend to shareholders. EUA Mining plc remains (we keep our shares) and continues to acquire further licences together with production at WK.
This would mean a reduced sale price up front but huge potential (almost guaranteed) cash inflows moving forward from the royalties.
Obviously complicates the deal, but do deals like this exist out there in the mining space?
Our recently appointed Nomad was talking to Justin Waite on the Vox Markets Podcast yesterday.
“We worked very hard to get the Company requoted because it had been suspended for various reasons……. It’s very interesting. I think their plan is to sell the business to probably a Russian buyer, because the Palladium price is so high. Because it’s so hard to get Palladium and because so much of it is concentrated in South Africa. That is a massive risk to production, so there is definitely a case for someone coming in and wanting to buy the business. Whether they want to pay the price on the screen is another matter.”
I think given his position as Nomad and given we are deep into the FSP with numerous parties with NDA's up the wahzoo, perhaps he should be showing some restraint when asked to comment. His comments come across a little naïve and talk about EUA as if he had no idea we were 4 months into an FSP. Perhaps he needs to go back and read through his own RNS's!
Wondered what other thoughts were?
It's good to hear that long holders are not only holding but adding too.
As I mentioned a few months ago, I sold my 600k holding at a loss when the price fell through the floor. However I have recently scaled back in and with yesterday's buy am now holding in excess of 1 million as I see the potential here as huge.
GLA
@Tiddlor - I'm heavily invested in BMN and you are correct - the board is trolled by a small number of repetitive wind up merchants. I don't believe anything special is done to extinguish the botflies over there , but there are a number of stalwarts (including myself) who routinely and swiftly report obvious trolling.
Anyway, I've no doubt PATT is watching and reading this and obviously he has been squatted....... and I have had the last laugh haha
Just logged on to see that PATT has been removed. I did request a ban last night based on his continuing disruptive posts right through the weekend and previous few weeks. I hoped that may have helped, but regardless - thank you Admin.
Good analysis Pickler - thank you.
Just to reassure myself, spent a few hours over the weekend remodelling the forecasts based on various V prices over the next few years. This always gives me great comfort that as we ramp up production, significant profits will be generated and the SP will have to move north.
I have added a further 38k this morning. This is a long term investment for me and as I am super confident that we will be into the 20s/30s and possibly beyond next year.
GLA
VV - thanks, I’ve now got it.
Looks as though SPA have increased operating cost from $15/kg to $17/kg when compared to their previous note. I recall this may be something related to a change in the way BMN are reporting operating costs, but will need to check interims. The change has reduced profit forecasts to $87.8m for 2023.
Cheers