Member Info for Jezzoo

Give it rest Quady.

Mine turned up late last night

The only advantage AA have is an agreement for first refusal, if no deal can be had, XTR are free to offer it to the open market. Of course AA know that so either they decline to make an offer or they make an offer that XTR regards as fair market value. We don't have to sell to AA.
As far "unproven" ground is concerned, it still has a value due to the likelyhood of it containing copper(and gold).

I'd rather see 20m now than 80m in the future, and it could be years in the future before it even starts to drip feed to XTR.
You would have to remain a share holder in order to benefit or at least be one at "ex divi" days so pretty much a waste of time that way.
It would work if current shareholders received bonds in the undiscovered material enabling them to free up their investment in XTR and still have an interest.

That makes good reading Tony and pretty much sums up the last 2-3 years.
I3E will continue to thrive without Graham, it's just a pity that health issues means he will be watching from the bench.
Thanks Graham Heath for you time with I3E.

If the govt wants to nationalise BP I'll take £15 a share.

NOT ! FFS

To be clear, I'm not saying copper will be very much needed in the future.

Green energy ? The rhetoric coming out of Downing st has changed in the last fortnight.
Fossil fuels seem the order of the day for the forseeable future.

Instead we dip into the 15P zone........

Sorry I don't understand,
I meant he was run out of town.

Yes, I think he was:
Or got bored with the repetition.

Did the Govt bail out BP when it lost millions in 2020 ?
And did they take into consideration the giving up of £20 billion Rosneft stake to appease the country whilst the country continued to buy (and still is) Russian gas ?
Did they protect a major UK business ?
No they did not.

He's still about : https://www.lse.co.uk/profiles/ericeric/

SharketMare: Thanks for your post of 14:08.
I'm trying not to get on that particular merry-go-round anymore.

They told me the same, I told them I'm going elsewhere if it happens again.

received my divi from Barclays Smartinvestor yet !

I don't think they will, why would you squander the opportunity to make a fair offer for something when you may have to pay more in an open auction ?
XTR know what they have got, AA will know what they've got, they have the chance to pay a fair price and not more than the last bid which obviously would be the fair price as it's the last bid.
There won't be many companies who have that luxury when buying a world class copper play.

Sienna39:
My take is the modelling will have been ongoing,not something they've been saving up to do in one go.
Once they have a model to work with they will announce a decision to mine and an invitation to AA to make an offer simultaneously in an RNS and an offer to the company.

In a nutshell : AA get first refusal on purchase of the licence as per the puchase agreement when XTR bought it from them. There is much conjecture regarding the next bit: When XTR announce a resource of 2m tonnes or more, or upon XTR issuing a decision to mine AA have 10 days ( I think) to make an offer to purchase, if said offer is rejected then the licence can be offered on the open market.
There has been pages and page on here of exactly how this will happen that I haven't got the time or the inclination to go into !