Member Info for Moneymaker2015

You’ve got to remember, 12 months ago EUA was only worth a few million quid mcap wise too. It was only when then announced they were looking at selling that people started to take interest.

The only bearing that EUA has on MNRG is that CS is the director. It was the only reason why I originally bought into here and KIBO. I’m sure many other have done and will do the same too. The company are two completely separate entities though and EUA’s sale will have no bearing upon MNRG direct. However... once that sale goes through it will release a lot of CS’s time and may entice EUA share holders to put some of their profits into CS’s other ventures, meaning their sale could have some indirect affect. That’s about as far as it goes though.

I think MNRG will come good. I’m now seeing the benefits from holding on to EUA for 5 years and see no reason why MNRG couldn’t be 10p+ in 5 years either (obviously DYOR). It’s just a matter of patience.

Depends when EUA comes to a close. If it’s within the next 2 months, a chunk will be going into BMV, KAT and IRON as all are expecting big news this side of Xmas. I might wait for news on BMV though to see if they can strike their deal without any dilution, if so they’ll be my EUA number 2 :)

To be fair to Farraway as a new investor he’s asking the right questions. Yes the company could sell for the current share price, which would bring in circa $1billion, not bad at all considering the mcap 12 months ago was somewhere around £10million.

It’s very unlikely to go for anything less than the current share price due to both the current size of the play at MT and the potential it has for expansion.

It is just purely guesswork as to exactly how much it would go for, all you can do is benchmark against other Palladium dominant plays, do a comparison with them against our assets, then make adjustments for time & changes in commodity prices.

If your gain is under the threshold it doesn’t require a self assessment completing. However, anything exceeding your allowance should be declared. It is quite easily traceable by HMRC if transferred from a share account into a bank account.

It’s difficult for HMRC to trace if just left in a share account. However, it is the responsibility of the individual to keep a record of each and every gain/loss made through buying/selling shares. Should any non-declaration be discovered it can be treated as tax evasion.

If there is something big behind this sudden rise, there’ll be a hell of a lot of people kicking themselves tomorrow if news drops but they’re part of this mass sell-out.

Where has this just come from! Looked in my account to see it 3-4p higher than earlier today. I wonder what’s behind it.

Flop, I know the feeling. I unloaded 400k between 2.5-4p and then another 100k at around 13p. Made a good profit on my initial investment and still have a decent holding but had I known 12 months ago what I know now I wouldn’t have sold a penny until this got to 20p.

As you say, hindsight is a wonderful thing. The positive is that I’ve now got decent holdings now in about 30 different companies and have taken out every penny I’ve invested of my own money, so it wasn’t all bad selling some early on.

It was the same when we were suspended. The BoD never gave us any reason whatsoever not to trust them, yet people were ringing on a daily basis asking for updates, despite knowing full well that the company couldn’t provide any information that wasn’t in the public domain.

Oriens, we we’ve seen some apartments in Murcia that we like, but need this to get to go for 50p before that one is contemplated further. Having a place abroad is the dream scenario, but as I say, provided it’s no lower than the current share price I’ll still be a happy man to get rid of my mortgage.

NCYT has had a hell of a rise this year, you’ve done well there. It’s one I’ll been kicking myself about for a while. I was looking at buying in there near the end of last year. Decided not to in the end and instead watched from the sideline as it went from around 10p to the 600p+ it is now.

We’ve literally just send out a first shipment from Diamond Creek a month ago, the Togo permit is the thing at the minute for us to fall back on.

Just seen how much we are up today percentage wise... then looked at what the share price still is. Ah well, maybe this investor webinar will bring in some more interest our way.

I’m trying to stay very conservative with my predictions, just incase something disastrous happens.

Strange thing is 12 months ago I would have happily held for another 5 years. Now that we’re so close to a sale I just want the whole thing over and done with now!

So long as it’s no lower than the current share price I’m happy as it’s enough to make me mortgage free. I only got my first mortgage 5 years ago, so not doing too bad so far. If we can get to 34p that’s a truly life changing sum for me and the mrs as we’ll be completely debt free. Then if it somehow gets to 54p we’ve got an apartment already picked-out in Spain. Should it manage to go higher than that the rest will just get re-invested. I’m just hoping the 5 year wait I’ve had here is going to be worth it.

Yeh I remember CS in an interview early last year saying they had received quite a bit of interest, which is why the Sinosteel works weren’t initiated.

Still baffles me that after the flanks news 12 months ago and that Lesego Platinum were looking to buy us out that the share price remained at 0.45p. We knew then it was worth a hell of a lot more than the mcap at the time but still no one was buying in.

My bad, that was supposed to be $.754b / $754m, not $7.54b! Same with the Kevista price.

Head, ironically I’d just mentioned the NAP sale in another post.

NAP went for $1b CAD / $754m / £580m.

In terms of Pd, NAP had 3 million oz Pd, MT has 15 million oz on a 3:1 Pd:Pt basis.

Pd was around $1600 around the time of the sale I believe. It’s significantly higher now.

The number of shares issued isn’t relevant for a comparison, it’s the sale price more so. For example if MT went for the same price as NAP it would bring in circa 20-21p per share.

I’m not sure of the extraction costs for NAP, MT’s will be high for the first few years due to the cap ex required, but over the life of mine the all in sustain costs are extremely low. Some consideration has to be put into NAP being a working mine, but Impala were planning on quite an expensive expansion plan, I think it was somewhere in the region of $80m.

NAP’s a good comparison and DS did say in an interview it’s one of the projects they are bench marking MT against.

Mug, the fact is that nobody knows and it’s all complete guess work.

When we were sat at 0.5p and the flanks news got released, people were saying ‘wow, one day we could be worth 10p’. A month later (last Oct) when the sale news was first announced officially, people were doing valuations coming out to 20p now. Roll on the release of AFC’s broker note on EUA’s website in Feb (now taken down), and people start saying ‘omg we could bring in as much as 60p!’. During suspension, out of nowhere 100p sale figures started being thrown around. Roll on a few months later and now the average ‘guess’ is £1.59, which is a whopping $5.69billion.

Fact of the matter is, nothing has changed resource wise since the flanks news 12 months ago and people were guessing at 10p (which assumed we’d get the licence). It’s complete and utter guesswork.

The only thing that we know for sure was Dmitry’s comment about the BoD bench marking MT against the sales of NAP ($7.54b) and Kevista ($7.12b). He mentioned the BoD did believe MT is worth more than these but not how much more. Kevista was a working mine with a considerable resource and went for what equates to circa 20p/share for ourselves. NAP, another working mine but smaller than MT. How much more the BoD believe MT is worth than these two, or more so how much more other companies will bid for it, nobody knows.

It’s interesting to see the sp holding firm despite the mass sell out of people. Makes you wonder what the mm’s are plotting.

I’d imagine you’d be alright with holding out for 25p, possibly 22p too. It dropped from 28p pretty quick last time but now you’ve got more people holding for the end game so it’s unlikely to drop as quick.

I’m intrigued as to whether or not the BoD will drop anymore crumbs between now and the sale. The DLA Piper comment was out of the blue and very welcoming.

Can’t really rip it to pieces, it’s a realistic assessment. Some consideration of the additional ounces will be put into by some parties but nowhere near full value as we don’t own the areas. There will also be increases due to potential bidding wars but we have no way of valuing that, only making assumptions.