Member Info for Monkey70

Non-related ****e to do with GGP on here. Time for Mac to do his copy and 'n' paste act, methinks. :)

H-hi - A five-bagger may be the most an individual company can realistically afford, by way of ready cash, but not a consortium.

Crabby - I would have thought with something like a DFS being 'price sensitive' it would have to be released upon receipt unless there is a clause in the FSP that states otherwise?

I read an article months ago (think it was a Dow journal) that the lockdown has created a new kind of investor (I use this term very loosely here) that is inexperienced, has no patience (used to the 'expect it yesterday culture' that, sadly, exists in parts of society and treats the stock market as a casino.

Most of these do no (or very little) DD and employ 'herd mentality'. I just ignore their self-inflicted bleatings. Putting twenty quid on a horse accumulator may be more their thing, methinks.

Surely there must be a forum for such 'investors' and it is NOT here.

"... then they're not investors, they're speculators..." I'm down £24k (on paper) in a few weeks myself but holding till the FSP is concluded.

Well said, Montmuzard :)

Chilled.

Trift - '... WILL', '... sublimed' and '... legendary investment fairytale'. Your choice of words is luscious - they glow with such positivity as to blind the naysayers.

Love it :)

I would like to think it will be done and dusted within the next two-six weeks but it is anyone's guess, TBH. Complex things take time but I would expect UBS and DLA Piper are working overtime to get it done before the start of the new mining season which is in March, I believe.

'I suspect that change will be gradual and that most of the announcements in the March Budget will be limited consultation documents as part of the normal legislative process for Finance Bill 2022.'

If that does happen it will be a bit further down the line than taking effect in April this year - more likely 2022.

Taken from https://www.bdo.co.uk/en-gb/professional-services/insights/taxes-in-2021-are-there-rises-ahead

Matt - You made £10.5k elsewhere (well done) and were given the opportunity to get back in here at a good price (lucky you). There is no pleasing some people (laughs) :)

The FSP will take as long as it takes and have faith in the BOD.

This manipulation and accumulation has been going on for months now. A good time to buy on the dips if you have some dry powder otherwise just be patient however frustrating it is. We have gone through tests throughout different stages of our journey and this is another.

'Patience is bitter but the fruit is sweet.' Rousseau

GLA.

Good morning, fellow investors.

Have increased my holding by 15% to 188k last week. Will add more at the end of the month if no news but I have a strong feeling we will get the DFS RNS (and the FSP conclusion) any moment now.

Patience is key here. Holding for the end which has not changed since my first foray in EUA in early July.

GLA.

Cap't - must be over 16M Chuck Norris shares now. That is an awful lot.

The MM's are laughing their faces off at the jelly-legs jumping overboard. Fear and greed are the two most powerful human emotions and they are experts in playing with that.

Carlito - Old Warren would give you a thumbs up and a wry smile :) Don't have any spare cash till Thursday - oh, well.

"Be fearful when others are greedy and greedy only when others are fearful."

It has been mentioned on here in the past that there is a time-limit on the FSP. Perhaps it was all done and dusted back in late October (after 12 weeks - which is the average time for a FSP) but someone has thrown their hat into the ring at the 11th hour and it is slug-fest to acquire the last unconsolidated PGM play on the planet.

With the BOD having ring-side seats and UBS/DLA Piper acting as match referee.

Looks like it is going twelve rounds and we are at round ten :)

Well said.

The trouble with a lot of people these days is they want everything to happen in a short space of time.

This applies to some so-called 'investors'. If you have done your due diligence, just sit back, put your feet up and have a rum.

'Patience is the calm acceptance that things can happen in a different order than the one you had in mind.'

RMR - I too will be making a small top-up (10% of my holding) if there is no news by the end of next week. Hopefully, the conclusion is not far off now - it has to be. 15 months since CITIC approached us and 6 since UBS came on board for the FSP. DLA Piper have been on board for around 3 of those. Not forgetting AP who have been on site around 9-10 months, I believe.

It is in all these participants' interest to get things wrapped up as soon as possible and I truly believe that two things are happening here - the scope is off the scale and the DFS has been held up by bureaucracy.

All IMHO. GLA.

I agree. Since we were approached by outside parties to buy/share our assets, they BOD are in pole position to dictate their own terms (i.e. name their price). This is NOT a distressed sale (aka 'fire sale').

It is difficult to place a ball-park figure on any valuation as EUA are in an unique position - last unconsolidated PGM play, bullish PGM trend, green revolution, increased demand, low cost of extraction compared to peers, open-pit benefits to peers, no need for major infrastructure changes and the exploration has been done (e.g. AP of late and state proven reserves).

Also, remember, historically, all miners understate their estimates. We do not know what the true figures in the data room and/or provided by AP are but I would bet my house on them being significantly more than what we know in the public domain.

This is going to be big and surprise a lot of people ;)

A fantastic 2021 to all genuine investors and LTH's.

A fantastic 2021 to all genuine investors and a big thank you to Tilly, Mac, Ian and the usual crew for keeping this board running smoothly.

Iain

As usual, I am hanging onto my golden tickets while the jelly-legs jump overboard and the 'bots try and spread doubt. It is comical.

The wind will change in the blink of an eye and the mainsail will fill out like a majestic pea****'s feathery tail fan as we, the glass-backed yellow-bellies, row like no tomorrow towards Treasure Island.

The pot is bubbling nicely and just awaiting official sign off.

I am feeling confident the BOD will release a RNS before the end of this year.

Should the DFS is delayed, for reasons outside their control (Covid, state bureaucracy), they will put out a short message that things are progressing well and to expect a conclusion soon, IMO.

The old adage - 'The best things come to those who wait' - rings true here.