Member Info for Naylor442

It depends on how aggressive NCM wish to be. Usual practice is the Chairman of the acquirer would approach the Chairman of the target behind closed doors first.

Your logic is a bit flawed Redtrader. You can't say that the SP won't rise without more institutional money given that the SP has been at 38p without it.

0.35 would be lovely, set up for a continued and sustained rise post Easter!

Van Eck Associates have 234,004 ('000) shares, equivalent to 5.78% O/S as per Factset.

@Zoros, not sure how you can it did diddly squat considering the SP since 2013 has been as low as sub 2 and as high as 46...

I would counter this slightly though Canary in that GGP has been derisked considerably since the original NCM debt was provided, so think our risk profile now would allow us to borrow at lower rates.

12 month price target is industry standard for equity research

Would also add that broker notes are typically a 12 month price target as opposed to what the share price should be right now.

Undervalued?? You could say that again :)

Bear trapped at 11.5p? How do you come to that figure? Pretty sure you pluck a different number out of the air each day.

Absolutely not, I have a sizeable holding here and only want the SP to reflect what we have. Hence why I said I would rather the SP increases...

Nothing disingenuous whatsoever.

Do you want a pat on the back that you have spare funds? Well done you, we bow down to you. How about some people less fortunate who can't necessarily hold on whilst the price gap persists?

Get over yourself.

Fully understood the post. I am just saying I would rather SP reflects the current value, and then continue to increase as the known resource increases.

I think I would prefer the divergence between SP and value to narrow and not widen tbh Costa.

Based on some of the comments this morning, it is clear that people fundamentally don’t understand how exploration works. Havieron was an incredible success and now people expect that from every other drill!

One question I did wonder is, whose valuation is the 20% differential based off? Naturally GGP's 5% valuation will be greater than NCM's, however that means their 20% threshold is also larger.

Great to see some momentum here! Get a CEO on board and another set of decent results then who know, maybe the highs of 4.5 could once again become a reailty!

Some of the things said on this thread are absolutely farcical.

I think I would be even more please back at 38p :)

2x things completely out of his control Silverhorse. Just let him do his job and the results will follow, even if not aligned with your timeline.