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I’ve discounted any cash balances, if we did get the very minimum of £106m then there shouldn’t be any detrimental effect to the sp as that will sustain the current sp/ market cap.
The reason I’ve discounted the cash balance for such a low figure as £106m is the fact it’ll all be accounted for, repayment of the $20m+ loan facility, $73m capex requirement, taxation of asset sale etc.
Zoros, can you explain your 2.3p for every £100m, I can’t see the workings, probably braindead from my hangover though.
My workings are, to sustain our current market cap of £530m, we need a payment of a minimum of £106m for the 5%, the market will likely take the FMV value in the eyes of NCM and GGP to value our remaining 25%. Any payment above £106m should see the sp act accordingly.
If you want it straight from the horses mouth, I’m in contact with an operative working at Haverion, screenshots are in the telegram group and there’s enough members who also use this board to verify that they’ve seen them.
The guy says, they’ve been “having a hard time with the ground conditions and it’s hard work” but he can’t wait to get into the rock to really start moving.
I’d hope given the nature of the ground conditions that any additional declines that will be going in, are being fast tracked through the planning stage so a start can made earlier rather than later.
SAS I agree with mostly all of your post apart from the point about being illiquid, it’s still relatively easy to buy shares, they’re there and available, we’re just not seeing the buying pressure. From the BB screenshot we can see there’s no huge II buying yet, if there was the major buying pressure, like you say, this only needs to do a 20% jump and with each one, a lot of shares get sold like you quite rightly said.
Definitely some confusion or deliberate misleading going on in this thread.
From a company perspective, formal correspondence have put the MRE2 & the 5% discussions both to be released by the end of February.
The feasibility study is December quarter 22.