I like your thinking Prof.
So £300m for 5% which makes it £1.8bn for 30%.
Nice.
But the question is would SD settle for a figure than 2 for all of HAV (not GGP).
Wishful thinking? Maybe
PS. I really do not believe NCM will buy GGP because of the ongoing exploration costs and that having to appear on the NCM accounts as a negative line item. Just my view.
Bamps - the units you've got against the 3 lines GGP 25% are what exactly ?
Millions or something else....M's seems low or am I misunderstanding
The 5% sale is a done deal. It's only the price THEY'RE arguing about (sorry discussing).
...so Tom you just plopped over £55K down - if my mental arithmetic is right this morning. Wow deep pockets ....
this is superb work.
thanks....
what's the ex-dev date for the april payment?
Indeed this a great medium to long term hold and accumulate.
LSE have confused Orosur Minings CEO with ours - see top of page. Muppets.
Exactly ChartaRex. That's what I said a week ago.
... and not long to the next tax year so I can squirrel some more away - which I most certainly will at this price..
Bellers,
Small world. Mrs Babbler used to work in BZW Bonds. You implied that your friend was still working and has been for 46 years which must make him at/beyong state retirement age. Sounds like your friend was in Equities ? - like me. I was there when it was flogged off to CSFB (at the wrong point in the market cycle by Martin Taylor). Did he go there? Then I left to help set up a hedge fund :)
Q. Did you work for BZW ?
Indeed. Felt obliged to buy some buy more just now - only 100,000 but its slowly building up.
Indeed I do Mush. I had thought they did - but a tad late in the day.
I agree with WelshFalcons' earlier post re business and perhaps the problem isn't with NCM per se, perhaps it's the process.
And by the that I mean... just perhaps the MRE isn't 100% complete.
And why would that be? Too much information ? When and where to stop "counting" ?
I'm really optimistic that MRE2 will be larger than many think. Quite a few on this BB have stated that the MRE2 cannot possibly be 10 Moz - but don't give any real reason why that is the case.
So the quesiton is..
Q. What scientific reason is there that MRE2 cannot be 10 Moz ?
A. None that I can think of - after all we've drilled enough holes and they're all hits and SD has tweeted quite a few really positive messages about how much is there.
The other thing that is bugging me is the inferred.
Some have stated that it doesn't affect the current SP - okay I agree with that
BUT....
the inferred is very important for us (GGP) because it will give SD a marker on what the future growth of HAV will be like and so should affect the 5% figure (even if it's a vey low number say $50 per oz or whatever).
Perhaps that's the problem? The inferred is too big and NCM aren't sure how to deal with it.
...oh hang I've just fallen into the same trap as everyone and putting 2+2 together to make 5......
So there's more than 1 possible scenario just saying.....
Good Luck all LTH...
... it says "SEEK to agree .....in the period....." .
It doesn't say - by the drop dead date of mid Feb. I think people are reading things which aren't really there.
Great spot AWP. This is all looking really quite promising - on several fronts. Which is nice!
GoGreen1 - you should read the links I attached earlier....
I've been aware that Short Declaration levels had changed in recent times and it transpired it was a whole year go - times flies :-
This link give somes background on the process works:-
https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions
and this link shows shows whose EXEMPT.......
https://www.fca.org.uk/publication/documents/market-makers-authorised-primary-dealers.pdf
alll VERY intriguing if you ask me.
So sorry for your loss Matty.
It might be worth a shout to talk to CAB (Citizens Advice) depending on where you are they do have some very knoweldge peeps.
Best wishes for the future. JB
The ONLY bid that's going to happen in the next 6 months is the optional 5% of HAV NCM are going to buy from GGP.
Anything else is pure Pie-in-the-sky speculation and wishful thinking etc.