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Agreed Robinson. It is a remarkable coincidence timing wise if it is just a general meet and greet. With NN meeting on the same day too to discuss organising an EGM. Let's see if the market agrees over the next couple of days.
we have once again delivered on the promise we made to obtain the Flanks License at our West Kytlim project, strengthening its position as the world's largest soft rock PGM project, as we continue to successfully execute on our plans".
Continue to successfullly execute on our plans... Got to be more news before Monday right?
Mac, if this were the case, then why did we raise the additional funds? If we are going to sell WK and MT, then surely we would use the proceeds from this (ideally a very low fraction of the proceeds) to continue the Rosgeo JV rather than raising. Would be interested to hear your thoughts.
Hey Roger, although GLG has gone a bit aggressive with that post, he does have a bit of a point. You don't half oscillate between positive and negative depending on whether the business progress fits in with your mental narrative. Possibly better to filter it and take a breath rather than announcing it to all. Your conjecture is not more right than anyone else's and so do we really have to hear about it everytime?
Just a quick note that I am sure someone else has picked up, but worth mentioning:
The proposal was received on the 12th May by a "credible party" and this credible party is singled out and referenced in this RNS as the "buyer". Given that Oilman said that the semantics of the wording in RNS's are scrutinized, one can't help thinking that this is further down the line than we think and this is "last orders at the bar".
Not too pour any water on the fireworks Les, but there does seem to be a bit of a revolution down in the West in terms of rare earth minerals mining (Lithium etc..). I live near the Cornish mining community and there is definitely a buzz around the potential reopening of mines in St. Day and around. Maybe Wardell are gearing up for those too?
Yup, the BOD procession is just an income generator for them Loot. That's why they have invested their own money into the business and some not being paid at all. What total rubbish. If you are going to de-ramp, have a go at making it even vaguely believable.
Hi Saxonaxe,
EUA is one of the dominant shares in our group, but we have a crypto nut, which I have to say I don't get after countless explanations from him and a GGP disciple in there, who is enjoying herself greatly right now. We do try to spread a little, but EUA has crept up over the year to date in terms of holdings, so a positive release this week would please all (and most here too, I suspect). I agree with "what's another couple of weeks", but the restaurant we are meeting up in on Friday probably disagree! Have a great day Saxon and all.
I think as good a way as any to try and predict what shortly means is to look at the regularity of more recent RNS releases. So since the RNS around the noting of share price movement on the 1st Sept, we have had an average of a "significant" RNS per 5 calendar days.
This may indicate that behind the scenes things are moving at a pace and so IMO I would expect JORC and/or licence transfer (or even just an update) next week at some point. I have my investment group jolly on Friday night next week, so I'm quietly hoping for some news after hours on Friday to set this off with a bang. Happy weekend all.
1st time - I agree in part with your rampers shouting boom every time we get an RNS, but then the more experienced here have seen it all before. What I would disagree with is the "further down the road" bit. We all thought it was slowing/stalling when they released the previous update and loads had been going on. Even in the most recent RNS yesterday, they let it be known that WA has been working with them since April (which we didn't know and wouldn't have guessed it was this long ago). I don't think the BOD are messing about, they are working at full steam to get to the deal point (whatever that is), as fundamentally they will all become rich beyond Avaris if they get this deal over the line. Therefore, I do think it is a wait a see pie here, and not long till it is cooked would be my personal take.
Mincho
Hi Ragsrob,
Thanks for your reply. It's not quite what I am after though. Previously, with the shares in issue, the general consensus was that each £billion on the final sale price would constitute at 36p on the SP. With the additional shares through the raise and the potential warrants, what would each £billion represent in the SP. By my maths, we have had a 2% dilution through the raise. Do the warrants double this and hence would a far assumption would be a 4% dilution meaning circa 34p per billion?
Morning all,
So, I remember the calculation done back in the summer that each £billion of a sale price would equal £0.36 on the SP if we went down the sale route. With the recent raise and potential warrants, what is the new figure per billion? Just interested if we do go down the full sale route (which seems to be muted more often over the last couple of weeks).
Mincho.
Hi Bruno,
The reason you have got short shrift is that a) no one can give you advice as they are not allowed and b) your circumstances are not understood. Investors have been here for many years and have seen a great deal of movement over that time. You may trade it lower and get lucky, or news may flow when unexpected and you get locked out. You takes your money and makes your choice mate.