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Chris - ok but the thread was specifically talking about V price of $60!
Anyway, we don’t want to get ahead of ourselves, but as someone posted earlier it demonstrates how the SP is massively correlated to V price.
Right, off to work, have a good day- cheers!
HarChris - let’s keep thing real. No way this will reach a pound if V is around $60. When we briefly touched 50p late 2018, V prices were around $130 (production obviously lower and Rand weaker).
Cool your jets :-) Let’s get to 20p first - we had to suffer all the RK £2 by Christmas nonsense back then.
Are you RK in disguise!!
Even at $60 (which let’s be honest is a finger in the air), SP would not move to anywhere near £2.
Based on recent broker notes and at current guidance, a move up to $60 could potentially drag the SP north into the range 50p - 60p.
@Panino / Martingw - the personal tax payable by Directors on any dividend or share sale will depend on where the Directors are domiciled for tax purposes, not the location of the assets or the company listing.
I think you are getting confused with corporation tax liabilities for the company and personal tax liabilities for the Directors.
To be fair DBB he did seem genuine and his significant purchases were often announced prior to being reported.
I guess you never really know who’s who on an anonymous BB. You could be DaddyBigFraud or DaddyGob****e for all we know! Just kidding lol
Wonder what happened to Colt45, who seemed to have his ear close to the ground.
Hasn’t posted for a while but from posting history was buying 7 figures a few months ago when we were in the 20’s. Would be interesting to hear if he is still invested and whether he could shed any light on recent institutional share activity?
Crabby - i may be wrong, but I believe 4 of the 9 assets which are proven are located close to MT and they could be packaged into a sale of MT, therefore being consistent with the “cornerstone” comment.
EUA then focus on the other 5 assets and keep WK as a cash generating asset to provide the funds required to work on these JV assets?
“ We are also committed to the concurrent development of the Company in two PGM districts: in the Urals, where we have recently had our DFS and Technical Project approved to expand volumes with 3 plants in production this year (as opposed to 1 plant in previous years); and in the second district of Kola, where we concluded the Rosgeo JV to significantly expand our presence both in PGM and in battery metals segments. The Board has a strong confidence in our opportunity to create a globally significant PGM and battery metals producer that can be achieved through our Rosgeo JV".
That says to me that we are retaining WK and (some of) the JV assets. Everything else will be sold and that is the significant asset sale, as the WK assets and JV options have relatively small value. Almost all of the value is in MT.
Just catching up on the BB and some interesting points today.
To keep things simple, with V at $35, our broker forecasts for 2021 demonstrate very marginal profit just above breakeven, and that was before the lower guidance and higher cost base was provided in the revised guidance this week.
This is what the market is seeing in my opinion and why we are current 15p.
I would argue that there are other factors that I feel are contributing to this current downward trend:
- we are sat on AIM and this market attracts short term traders looking for a very quick return.
- there are large institutional sellers in the background over a sustained period (why?).
- General lack of interest/ low volume in the share.
No doubt there are many on the sidelines waiting for news or a change in the short term trend.
However I believe the overriding factor is the tight margins at current V price are the main reason the SP is where it is.
Without Battery contracts, the only way north from here this year is the V price continuing to rise, which is obviously outside of the Company’s control.
For what it’s worth I personally think V will move up beyond $50 in the short term and the SP will follow, but it’s just my opinion.
@OSP - I believe a more straightforward process would be for DLA Piper to just wrap this all up on completion. Buyer purchases the minority interest on completion as condition of the whole transaction.
Also under the scenario put forward, if say 20% of MT was acquired via a ************** for 100m EUA shares, with EUA share price currently at 27p, this would put a “notional value” on the whole of MT of only £135m.
We know that the Market is currently placing zero value to the assets in the Rosgeo JV as it is not reflected in the current share price. Therefore if this transaction was carried out with no disclosure of FINAL sale value of EUA ( or MT), then the SP could collapse.
This is another reason why I think the minority interest purchase will have to be wrapped up upon completion.
@CAW - interesting but unless you are suggesting that the MT asset remains in EUA I don’t see this working. The company structure I believe prevents the transfer of MT via a spin out and by MT remaining in EUA contradicts the Kola “cornerstone” description in the recent RNS.
Only just checked in today and scanned the last page of posts, which seem to be all about "The Mad Stork".
If my recollection is right, this is the shorter who confessed recently that his short was in the region of £300 FFS!
Hardly a Big Time Charlie, so why clog up the board responding to an obnoxious two bit wind up merchant... sigh