Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Exactly. If the DFS is any good it would attract further potential buyers and improve our negotiating position. Equally if the DFS is good it could potentially improve the SP. Obviously if it is not good then it has the opposite effect.
Either way it is market sensitive information that can move the SP, should this be in the public domain for compliance?
Agree OSF, EUA might be sailing close to the wind with London Stock Exchange compliance by withholding the DFS which is market sensitive information.
I think the LSE (not this pitiful website, the real LSE) should run a ruler over EUA and check its compliance. This is not an operating business and is not in a FSP. Has no operating office and has no CEO. imo this needs to be suspended until either a full update is provided or the company is sold.
Shouldn't cause much issue for people really, those still here are locked in anyway. Not even a stock worth trading.
Either way the clock is ticking and CS' position won't survive the next AGM imo.
Ace the article says precious metals. Like gold.
Also want metals for EV's. That would be copper.
SB will be using his knowledge to assess if our assets fit Elliots investment profile. Another player enters it seems..
Not behind a paywall. Interesting.
https://m.engineeringnews.co.za/print-version/elliott-management-plans-to-spend-over-1bn-on-mining-assets-ft-reports-2024-02-23#:~:text=2024%2D02%2D23-,Elliott%20Management%20plans%20to%20spend%20over,on%20mining%20assets%2C%20FT%20reports&text=US%20activist%20investor%20Elliott%20Management,people%20familiar%20with%20the%20matter.
There would not be a bidding war if ggp have first right of refusal. Its just if NEM put a price too high on their 70% and we can't afford it then it will go to open market I guess which may or may not trigger a bidding war.
I have hypothesised before that telfer isn't worth anything as its value will have been written down over many years. It doesn't owe anything on the books and is a liability if it has to be decommissioned. NEM will be able to remove financial provision from their books even if they give it away it is worth a lot to their financial accounting and would help make their $2bn savings if they do not have to decommission.
GGP however have other options if it doesn't take on Telfer. They could potentially build processing on site. Or alternatively process the ore at Rio Tinto's Winu plant. Further away than telfer but not ridiculous distances.
To me the solution is that GGP buys 70% of havieron back, or JV's with either Wyloo or Rio to make it affordable. If JV with Wyloo or GGP buys the 70% then please throw in telfer depending on economics. If JV with Rio then they can process the ore and we don't need telfer. GGP has leverage imo for various scenarios.
Or Rio buy the lot including GGPs 30% and process at Winu and we get a special divi.
Incredible mismanagement at HZM unfortunately. I was lucky to get out with profit last year as I was getting a bad feeling about it. Similar to RMM.
Very sad for the holders, I just hope something can be done that doesn't obliterate them.
My thoughts FWIW, are if THG isn't likely to either re-list or duel list on NASDAQ, then there needs to be a bit of a corporate reshuffle.
It may be a good move and breathe confidence if Lord Allen retires, MM becomes Exec chairman and A N Other becomes CEO, someone with experience and well regarded by the city, someone with strong corporate governance and a track record of generating profits and growth.
Something needs to happen imo. The current state seems to be stagnant and does not reflect true value based on cash at hand and turnover as a whole.
Are the rents at market prices or inflated?
If this was a private company and MM was owner of the buildings and charging THG then fair enough. It's a good way to extract funds from the business and perhaps into his pension fund as commercial property can be held. Likely a QNUPS/QROPS.
Smells a bit to me that this is a PLC and the CEO owns the buildings.
HSBC sells division: (not as relevant as polymetal, but still movement in business offloads)
Russian President Vladimir Putin on Monday signed a decree allowing HSBC Holdings plc to sell 100% of shares of its Russian subsidiary to Expobank JSC, according to the document posted on the country's official portal of legal acts.
In June 2022, HSBC announced that it agreed to sell its Russian unit to Expobank. However, Russian authorities have been progressively tightening the rules for the sale of foreign assets, while banks have been forced to obtain Putin's approval for each such transaction.
Previously, the British lender stated that the planned sale of its Russian business had resulted in a loss of $300 million.
So no word yet from the company or YJ as to what is happening with the clearing works? If this isn't care and maintenance and unless it's a third party testing and covered by NDA then we should be informed.
Perhaps this isn't mining. Being optimistic, perhaps it is a third party (potential buyer) bulk testing/sampling to prove up a value, this could be under the infamous NDA's which is why we have not been informed......if it's something else then the company have a duty to inform us imo.