Member Info for Monkey70

For anyone who wants an in-depth explanation of what a 'non-binding offer' means this is a useful link:

https://corporatefinanceinstitute.com/resources/knowledge/deals/non-binding-offer/

Green boxes - you are most welcome to go through this with a fine tooth comb :)

It is positive and will happen when it happens. In the meantime we put our feet up and have a rum.

GLA.

Aye, Gecko - nobly said - let karma do it's natural thing :)

GLA.

That makes sense, Travis, but what I struggle to understand is why cannot II's/Funds buy much easier and plentiful (compared to this level at 27p), at say, 32p if they are expecting much higher returns. In the grand scheme of things this is a small percentage.

Will certainly be doing a small top up into the ISA after 6th April if there is no major RNS before then. I am reluctant to sell shares out of my non-ISA account and wait 3 days before I can buy back. Have heard horror stories of Bed and ISA with HL.

GLA.

Belated birthday wishes, Ian!

Have a good evening :)

Crabby - It is entirely plausible that the BOD could have discussed this with the family of GF prior to the ceremony in order to dedicate the conclusion to their former director. However, wouldn't the MM's know of a lodged (timed) RNS?

GLA.

... low volume (<3m) and lots of sticky hands. Reckon the big orders have been completed in the background?

GLA.

Perhaps this is the MM's pulling the price down as a last opportunity for their mates to get in cheap and the only way to get shares is to get the impatient and nervous holders to sell? Plus, to help their mates close their shorts too.

I cannot help get the feeling that we will get the big RNS before April. If the SP doesn't jump up before the 1st of April I will be adding if the price remains in this band.

Just my opinion. Have a nice evening, fellow investors.

GLA.

The MM's are playing with us PI's - trying to frustrate us to death or get the impatient to jump overboard.

Seen it before. Will keep seeing this till the conclusion (unless there is an update regards MT resources and/or WK Flanks licence). Personally, I believe the next RNS will be for the long-awaited binding offer(s).

Ignore the mind games.

GLA.

Back to $27,500 on the ask :)

GLA

Approaching $2,700 :)

GLA.

To put things in perspective (and this illogic by the market) let us assume 'fair value' for WK based on what we know at 17p per share (source: https://www.powerof78.com/2020/09/) and add an ultra conservative 25% extra on for the 43% resource addition making 21.25p.

The market values MT at less than 7p per share (£200m). This does not include the tailings or the copper/nickel in the mining waste across all sites.

Ridiculous, I know. Massively undervalued.

GLA.

Same old story with the MM's. Doing what they can to entice the weak to sell to fill big II/Fund pre-orders.

We have seen it before. Buy on the dips if you have dry powder. Nothing has changed - oh, except WK has 43% more resources.

GLA.

EUA are an enigma to the unresearched an, by the look of it, the MM's :)

If you are holding for the FSP conclusion it matters little. The II's are adding and have been for the last few months - follow the smart money. Some of us got in before the II's wised up and they are now trying to get shares as cheaply as possible. Volume is low as they are in sticky hands.

GLA.

Funny that the five biggest risers today on the LSE share board are miners or exploration companies and we were down 5% this morning (laughs).

It is during times like this, I remind myself what has changed in a negative way since I started investing in early July. Nothing, Nowt. Nadda. Things only get better.

The MM's manufacture the drop (likely to fulfil II orders in the shadows) to encourage the impatient and those that bought in during the spike to 40p to sell.

The sale will take as long as it takes. I have faith in the BOD. Is it too early for a rum, Cap't?

GLA.

Just spiked 3.5% on news the NN mines are closed for 3-4 months due to the water ingress.

Good time for a top-up :)

Found some coins down the proverbial sofa and made a 1,355 share addition. Fundamentals have changed for the better since yesterday's RNS.

GLA.

Only just managed to get online as been working in the garage. Having had a chance to read the RNS, it is positive - 43% extra resources at WK, mention of Rhodium and Iridium, allows mining at several pits concurrently (potential production increase for the new owner - faster profits), WK Flanks final approval is very close (could be part of any binding offer?), full ESG compliance is important to attract II involvement and, most importantly, - " ...the Company with its advisers are making progress with the strategic options available for Eurasia. Further announcements will be made in due course".

The 'strategic options' (plural) are the non-binding offers previously mentioned.

The 'will' instead of, say, 'may' or 'could' gives a positive slant towards an agreeable deal being concluded by both parties, IMO.

I believe WK will add 10-15% to the final SP in a full sale (MT is the behemoth). Remember, mining explorers are always very conservative with their figures (43% increase at WK). Just imagine if there is, say, 30% more resources at MT :)

A very good evening to all fellow investors.

GLA.

Just seen this:

https://twitter.com/iMuesliBrown/status/1370715968855547905

As Jonesy mentioned, I cannot see the Russians letting someone else have control of MT - unless it involved the use of NN's facilities in a JV agreement. Can you see the MDA which is, I believe, partially funded by the state, allowing a foreign competitor to have the top seat at the table?

I could well be wrong but I just cannot see a JV without NN and the Russian state being a major clog in the wheel.

Good to see a tad of blue today :)

GLA.

Learn something new every day :)

https://www.trlm.com/knowledgebase/makes-spoofing-different-layering/

Well, the MM's can go whistle for my shares and I will only be adding, when I can, when they walk the price down.

The daily SP fluctuations are frustrating but one learns to ignore them especially when one is in for the FSP conclusion or reaping the bounties of mining ourselves - whichever happens. My money has always been on the former having a favourable conclusion and remember, one makes one's money by neither buying or selling shares but by just being patient and doing nothing.

Patience is literally a virtue - more so in the world of today where many people expect things yesterday.

Ignore the noise and market manipulation. I am.

GLA.