RE: General Thoughts9 Jan 2021 10:56
i agree with most of that hector however for me its become binary we sell or we mine !!! That for me is the very often overlooked issue here. The sale i truly believe will happen but if for some reason it does not then the price may halve or worse.That will be a very short lived fall though because we will have offers of free ride JV coming at us from still water, NN, China, impala, anglo, northam, and that is not an exaggeration. We would have a jv bidding war which would almost certainly end in a dividend plus a free ride!!
So my take is mid £1 sale ie £1.50 ish which is a five billion sale OR a JV with sweetener ( divi) within weeks. So yes there are other 5 baggers to be found and more,arb recently gulf keystone years ago and many others in between but they all have one thing we do not,risk. Whats different here is ( to me) zero risk. We may have sp slide if no sale but it will be brief the JV will propel us into the 70p range with a divi and within a year we will be multiples of a £.
Thats why im here no down side multiple upsides albeit with a temporary sp slide and a twelve month delay. All my shares in a sipp not to be cashed for 5 years so heads i win tails i win later. gla