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MM's out for a champagne breakfast? I don't call a 0.7p spread "making a market", quite the opposite.
67% of the shares are held by the >5% crew, I can't see them agreeing to this initial offer considering the recent SP performance.
Based on the probable improvement in the offer , this is the easiest 20% you could ever make. I'm in for another 20,000
They will end up improving this offer to around 75 to 80p, but that could be 6 to 8 weeks away.
so we go to 53p instead of 61p, typical, with trinity you can't even get re-rated to the offer price, because you know, it's trinity!! just in case they **** this up too...
Bit of a joke to kick things off?
So, when TRIN has more cash than its Market Cap, I think I'll make a hostile takeover bid at 40p. Ha! Just band together a load of the huge holders who must be mortified at the value of their holdings...
1 seeing that mine infrastructure in place is really going to scare the shorters... "oh ****, the gold is coming out one way or another!"
2 leave the 70% havieron purchase "on the shelf" until newmont need the money or get an offer, what's the rush...
Is that not perfectly normal for AIM stocks these days? The market no longer cares unless there is some colossal story to get involved in.
The NAV is 203p per share, is that correct? You could add a zero to the number of shares in issue to 390,000,000 and the company would be on PE of 8 or 9 with a market Cap of £130m and a NAV of 20p per share. QUITE extraordinary.
The Acid process for extracting titanium from ores is the same throughout the industry, is it not? Shaun wants to create a plant so that we aren't simply selling ore. There's nothing bizarre about the acid process proposed.
Can't be long until the MRE now, and Empire will start getting compared with the reserves of other globally significant suppliers with a lot less Ti !
Took a top up at 6.48p yesterday. When they release an MRE it is going to blow the doors off...
Consistent with many AIM stocks though, they've become literally detached from their share price representing them? Nobody cares, like the share price correlating with revenue doesn't matter anymore?
The market cap is £15.4m, but they're selling 2,700 barrels of crude a day? So like $218,700 a day? So they'll earn the Market Cap in revenue in about 103 days ?? The annual revenue could exceed $78m ?? So the market cap is 3.5 times lower than annual revenue? What am i missing?
I think the market is currently missing the certainty that Havieron will get mined.
Either an external buyer comes in and takes out Greatland for about 18p a share, or we buy rest of Hav and Telfer and have an asset value of somewhere between 37p and 49p per share depending on inflation and gold price factors. THAT WILL BE OUR SHARE PRICE, as the debt will be squared off over 3 years at expected production rates.
But here we are at 6.7p, ho-hum...