The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Hi MAC,
I also take note of your posts and insights, someone will be eating their hat and swallowing their pride on Monday, tbf I hope it's me!
MAC
You asked..
1)Why have they not made one public appearance throughout the entire sale process?
2)What are they going to present to international investors if they can't answer or talk about anything?
Potential answer
1) NDAs limited their ability to discuss FSP and other credible options
2) NDAs are over and investment is needed to take the JVs (when purchased) into production
RIP JT
Sad news
Or no deal and need investment for JV. 35 million may be enough to purchase the 25% but it isn’t enough to take it to production, not even close.
At the moment I see no news as good news due to NDA with credible party but if no JORC before COB Friday then I thinks it’s the long game.
A couple of balanced decent replies, thanks. But neither answers my point.
If we’ve sold assets for decent money, say north of 50p which is after all why we are here. EUA2.0 would have heaps of cash to go it alone along with mining expertise from WK and recent appointments.
I hope your assessment is correct Arsenalles, it is possible the JV / Russian Gov want a hey look what you could achieve moment.
For that to be the case I would expect news before the end of this week.
Can someone please explain why the BOD would be at an investors conference to drum up interest in EUA 2.0 if they’ve just sold huge assets for loads of cash?
This doesn’t make sense to me, surely this is now a no deal situation and end of the road for the credible party? Please don’t jump on the deramper waggon, check out my history, I call out naysayers.
How very handy……
https://www.bbc.co.uk/news/business-59182278
I wouldn’t get too hung up on the proposal from the credible party.
The proposed asset sale is just on of “Several transactions” being considered concurrently.
As announced via RNS on 30 September 2021, since the receipt of the Proposal in May for the potential acquisition of substantially all of the Company's assets, additional interest from other parties is being considered by the Board.
· It is the Board's intention to advance several options with advice from UBS, DLA Piper and other advisers.
Horrendous
Haha yes I joined that Telegram group for a while when I was invested. It was even more happy-clappy and ramptastic than this board, if that's possible.
Why do you post on here if you are not invested?
Sorry if I have misunderstood.
So are you saying you are assuming it hasn’t changed because we haven’t been told Jambo?
If that is the case what is the point of your original post? Sorry if I’ve misunderstood.
· It is the Board's intention to advance several options with advice from UBS, DLA Piper and other advisers.
It would be fair to suggest UBS are working on something!!
Yes, but I had to place a limit order @ 22p as the first attempts failed at market best.
Look at recent trades, a sea of blue but static price !
Camdenlad
Thanks, if that is the case do you frequent this board just for the sole purpose of protecting other peoples investments?
If yes you truly area special kind of person.
Thank you!
Truthfactory
If the truth is your focus why does your recent posting history across a number of stocks appear to question the validity of others investing in the very stocks you invest in?
Assuming of course that you are indeed invested in said stocks.
Asking for a friend…..
Not sure I follow Amanensia. I thought resources gained value when in short supply or rare in abundance.
Maybe someone’s got wind of a huge confirmed resource somewhere in the east..?
Hi Ian
Could I go for wed Sept 29th for my second guess please.
That would be a super birthday present.
Thanks
Mac do you read that as 2 JV”s in the sale or 6 of the 9 as mentioned later in the RNS?
10p will arrive on October 7th; 2 weeks and 1 day after the acceptance of a circular announcement that a divi is being paid.
I just see menu links as text, the formatting is all over the place.
Tried Chrome and Edge, if it looks normal to you I will restart.