Member Info for mac4671

Look at the sale RNS, bench mark the resources here to previous deals in the sector.
That's where you will get the most accurate picture of what is happening with the potential asset/s or company sale -

Stillwater for c. US$2bn by Sibanye in 2017

NAP for approximately CAD$1bn by Impala Platinum in 2019

https://www.miningmx.com/news/platinum/38824-how-does-implats-lac-des-iles-stack-up-against-sibanyes-2017-stillwater-deal/

GLA

on the cards for this week i would say.

Wednesday being disclosure deadline could see some very interesting activity.

GLA

'The Magnificent 7'

https://twitter.com/iMuesliBrown/status/1282688540321763337?s=20

What a fantastic BOD we have here, that's for sure.

GLA

Shipmates

https://www.youtube.com/watch?v=QpA2rgQZWdA

lol

GLA

Everyone starts somewhere Jbakesy, best of luck to you.

GLA

Missed how exciting eurasia is when it's being traded.

Sea sick sea dogs all over the place, as the choppy water hardened sit sipping on rum singing pirate sea shanties.

GLA

Sea sick sea dogs exposed and thrown over board lol

GLA

https://www.nornickel.com/news-and-media/media-library/?limit=all#33100

Dmitry here, Dmitry there -

https://lybrion.com/

Digital metals in the lab -

https://lab.lybrion.com/

Coincidence that NN are heading that way also?

GLA

Certainly looks like gold won't be catching palladium after all, well spotted, it's good to see a good palladium rally.

GLA

But to answer your questions about company sale or asset, then i will direct you to this part of a recent RNS -

"The Board has therefore decided to appoint UBS Investment Bank in London ("UBS") as its leading financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company."

GLA

I have no beef with you either, but when i see things like risk brought up i will show you how the company has lowered it.

Where dividends are mentioned, i will present scenarios that could realistically play out which would lead to such dividends.

GLA

I have defended the notion of a very plausible dividend scenario.

Let's start at the bank RNS shall we -

"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."

See both, not all three, for example.

https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-s2dz3bhew85fz5j.html

GLA

They may also sell MT and WK, but still be left with the small gold tailings project.

You can't ignore that possibility, the same special dividend situation would apply.

GLA

They just wish to try and unsettle some people, they appeared after the bank RNS back in oct. A lot have been fought off, but as time and indeed M&A marches on, more seem to appear.

Some will come direct, others more subtle, all have the same aim however.

GLA

How long have you been here Alfe?. The BOD themselves have openly said that they are all up for dividends.

If you do some research and listen to interviews from BOD members then you will hear that yourself, they also talk of what sort of kg daily production they have managed to hit.

What happens if MT is only sold, WK is kept?. Answer is a special dividend Alfe.

GLA

WK is producing, the company is debt free, the potential for a dividend at some stage from the producing revenue stream is there. Why try to suggest that it isn't?

We, at this precise moment in time, are both 'for sale', and producing PGMs and gold.

GLA

Someone appears to not like the rock solid 'Take it to production ourselves' back up plan. Well it's there, your agenda is clear, sinosteel did a very long due diligence before coming on board here, so the decision to sign the EPC with a certain production output was indeed thoroughly assessed at the time.

No sale = MT to production ourselves on a virtually no risk basis, all the risk is in sinosteels court in the EPC respect.

But, there are NDAs in place for the potential aquisition of MT, we have been told that in RNS -

"All existing non-disclosure agreements interested parties have already signed with the Company in relation to the potential acquisition of the Monchetundra asset remain valid."

Note parties, more than one, again takes the risk factor down.

GLA

The other part of risk, if a deal does not come is it all other?. No, it is not, we have EPC with Sinosteel in place to take the MT asset to production ourselves. We also have WK in production bringing revenue to the company all the time.

There is always a risk, granted, but certain things seek to remove the vast majority of that risk out of the equation.

GLA

Reference risk, something that always gets thrown about in these situations. The banks have signed engagement letters, they're financial EXPERTS, so the risk is therefore reduced, even more so since they're working on a success fee basis.

GLA

Left to Dmitry, correct, but he also stated that investors could bench mark against previous deals in the sector in interview.

So there you go, if you trust him in one respect, do you trust him to give you a direction to come to valuation figures yourself?.

I do, hence why i have done my own calculations here, and i encourage all and every investor to do the same before getting in.

Look at the asset data, look at previous deals in the sector, look at the experience of the BOD and then come to your own conclusion.

GLA