Member Info for Mooching

Aubrey
Cost and time.
Doesn't change what I'm saying, particularly when those numbers are conservative. Virtually every business is bought with a view to further invest, develop, improve revenue, reduce cost...otherwise why invest?
I've already said more than once (as have others) that we believe the proving up is what we're waiting on.

Infrastructure.
These threads are literally littered with references to Infrastructure already in place around MT+Flanks, being developed or planned.

Even with the costs to get there, given the AISC numbers, the conservative calcs and increasing demand/basket price, I believe the EBITDA of c£2bn medium turn is low end.

I suspect we'll have to agree to disagree. I'm fine with that, I make my own choices based on my own research.

Kop
Point is, we are not selling assets that ARE producing millions but selling assets that WILL be producing billions!

How much would you pay for an EBITDA of c£2bn?

No...I'm Tommy
:)))

*Feb 2020

Yes, I see their 'value range estimate' has gone from 54.8-60.6p in Feb to 67.7-74.8p now.

Just look at those 2023 estimated revenues!!! First time I think anyone could look at a financial report and think 'porn' :))

Just dipped in for another £2k top up at 19.9p. Been waiting since Friday for sub 20p. Getting quite good at this waiting malarkey!

Roger
In reply, and to add to my previous post, let's not forget that if I am indeed 'barking up the right tree' how long have we/they been able to get to the ground (ice/snow)?
Was coming out of FSP and the fund raise the 'starting gun' for this latest (hopefully last) phase?

Deal done pending proving up of assets imo.
God forbid we're still arguing over what's being sold and by whom!!
None of us are going to live forever.

I'm going to assume it talks about everyone having their own individual immune system?

...and just in case anyone is thinking they will get in at pre-divi prices when the RNS lands...you have ZERO chance. You will either be onboard or standing at the quayside waving a hanky.

I think the ex-divi date is irrelevant unless you are scalping or expecting an alternative offer to come, as the price will instantly re-rate to include divi value. But, as is the main theme of thread, where do we think remaining asset value will be then and will those updates be published at the same time or otherwise?

1noise
Yes, I agree, and I think that's why we're waiting...the proving up of assets.
Wouldn't be surprised to see a divi RNS and another update requiring a rerate at the same time...double bubble?

Yes, I would assume it would open at the value of remaining unsold assets (or the market's interpretation of).

Good luck to Clive for an 'after hours RNS' tomorrow. It will be a Thursday afterall ;)

Don't know if you remember "Soap", the American sitcom. A narrator used to do a voice over summary at the end. Could do with a similar thing here as very little of it relates to our investment but more to with; who said what to whom, who was green binned, chucked over board, 'found out', semantics, spelling or what the latest market shenanigans were ;)

Near 100% equity invested apart from a relatively very small 'rainy day' pot.

Another Stockbox interview with Rolf, but at 45 mins there's a fair bit more 'meat on the bone' with detail around strategy and timelines. Well worth a watch if your looking for a clearer understanding of MNRG and it's structure too.

https://youtu.be/OGa6vAq9OFg

Nothing on Twitter, price quite stable.
Sure?

Further to Richard Dugdale's excellent Tweet yesterday, I think WK is going to be our 'bread & butter', providing a steady flow of revenue with massive potential upside for further exploration and licences. A flag in the ground as it were?
I see MT+flanks as the assets being sold. This will provide windfall divi and retained profits for working up the JV's to a point where we can also sell on too at fair value or even mine ourselves, as we see fit whilst continuing further exploration and licence acquisition.
I think given the future direction of energy production and storage, the potential precious metal resources within our grasp in Russia, and an obvious intention to build local and international networks shows this could just be the tip of the iceberg.
Imo

Are we on the vinegar strokes?