Member Info for Monkey70

I feel the amounts of PGM will be higher. How much higher is anyone's guess.

As previously stated in an earlier post - AP have been at work for a good while now (since February/March, I believe) and we only are aware of the figures in the public domain.

What is in the data room is unknown to us mere mortals (only the interested parties who are under a NDA) but I firmly believe it is greater than what we are aware of.

GLA.

Mincho - Debate this with your other half and agree to a plan of action, sooner rather than later. You will keep what sanity you have left and sleep better too :)

“Greed is a fat demon with a small mouth and whatever you feed it is never enough.”

Option 1: Sell up before exchanging contracts in the hope the sale happens soon. There is a risk that there may be no sale, however small - so bear this in mind and if this happens the SP will drop temporarily.

Option 2: Sell half and keep half. Go for a cheaper house.

Option 3: Hold your shares and hope things will go your way. This is a gamble.

Good luck, man.

Contrary to yourself feeling you are in a quandary, you are in an inevitable position compared to a lot of people. Personally, I would put the security of my family (guaranteed roof over our heads) above chasing potential wealth but that is just me.

Life is often about compromises - get a cheaper house and keep a portion of your shares? There is an old saying regards the stock market (and especially AIM) - only invest what you can afford to lose.

Good luck whatever you decide to do.

"It’s hard to price it up given we don’t know for sure what’s down there but my back of a fag packet calculations" - I agree with that. The figures we get to with any valuation models should realistically end up on the conservative side. That to me is a good thing, as the door is left widely open for a very welcome surprise."

This is where the data collated by AP comes into play and would be made available to any potential suitor.

I am fairly certain the figures are in excess of what is in the public domain. To what degree, no-one outside of the data room knows.

All IMO. GLA.

However well-intentioned, or not, I tend to ignore posts purporting such claims if they cannot be backed up with facts on the initial post.

Have a good weekend.

GLA

JungleB - Realistically, aye. However, this is no ordinary FSP. The things we are selling are in short supply, there is a huge deficit (SA mines and covid), precious metals are on a bullish trend, pressure on governments to go green (China with emissions, for example - and now Russia) plus this is 'the last unconsolidated PGM play'.

I think 10% is too low. That is just my opinion.

The BOD are holding the aces here, IMO. If they don't get what they want (or deem fair value), they can just activate the SinoSteel contract and mine themselves. Remember, there were multiple parties interested before the FSP started in July.

Either way, patience is key. Have a nice weekend. GLA.

Aye, RMR - plus add on the fact what EUA has is the last 'unconsolidated PGM play' and it would be naive to not expect a bidding war between the big boys. I haven't even mentioned the green value and the increasing demand which, in turn, is giving PGM's a bullish outlook for the foreseeable.

Well said, Crabby.

Quite a few people do NOT realise what EUA is worth and the huge potential for whoever mines/develops the region.

As I have said previously, a lot of people will be pleasantly surprised.

All IMO. GLA.

Afterburner.

The markets are shut till 0800 tomorrow. Gives you just over 8 hours to DYOR. Most, if not all, are in bed now.

Ample time, I should think? Only snag is if a RNS lands at 0700.

Good luck.

My prediction a little while back was that SS mine the metal and NN refine it.

SS are now out of the picture, I believe, so it could mean another party will mine it by way of a JV with NN.

Just my opinion, of course.

Out of interest does anyone know how much free cash NN have?

I don't believe they have more than $4.5bn unless they joined up with another party.

The share price is 'drifting', IMO because:

1. There is no news. Yet.
2. Lots of shares are in sticky hands. Little liquidity hence little movement.
3. It is a waiting game. Sells are by the impatient which are mopped up by the patient.

Aye, that was a $4-5bn acquisition hunt (not £5bn).

https://www.miningmx.com/news/gold/40418-sibanye-stillwater-to-pull-trigger-on-4bn-to-5bn-takeover-in-nine-months-froneman/

Corunna - Your comment made my sides hurt :) Friday rums all round. GLA.

A distraction is all it is.

Clogs up the board. Filtered the guy a while ago as he/she brings nothing of analytic value to the table regards my investment.

Ruthless? Maybe. This is the wild west of the stock market, so no.

GLA

It would be a fitting bonus if the big RNS landed before the remaining shorts could close.

To the MM's:

"I'll give you my shares when you pry them from my cold, dead hands"

Re-working of a slogan popularised by the US National Rifle Association (NRA).

GLA.

Who wouldn't like to be a fly on the wall in the Data Room? AP will have boosted these numbers significantly, IMHO.

Mac, I agree with your post about REE's being overlooked. These at MT will add tremendous value and I believe we will all be pleasantly surprised.

Off to prepare the roast. Sunday rums later. GLA.

Up £3.4k today, Cas. Nice one.

Have only added since my first entry at 13p back in July.

Just need to be patient and we all will be rewarded. Handsomely.

Thinking of you too, GLG.

Have a good weekend all.