Member Info for Pk73

Yes Mac. That’s a great reminder of where we are.. thanks for reposting.. it has to be close…

M&A due diligence – Due diligence is an exhaustive process that begins when the offer has been accepted; due diligence aims to confirm or correct the acquirer’s assessment of the value of the target company by conducting a detailed examination and analysis of every aspect of the target company’s operations – its financial metrics, assets and liabilities, customers, human resources, etc.
Purchase and sale contract – Assuming due diligence is completed with no major problems or concerns arising, the next step forward is executing a final contract for sale; the parties make a final decision on the type of purchase agreement, whether it is to be an asset purchase or share purchase

Yeah it’s @goodflyingduck or David worrall.

Off.
The.
Chart..

I just unmuted this chap on Twitter to see what all the fuss is about… crikey!

I used to quite like some of his posts on here, and he came across as being knowledgeable, but that is someone seriously losing their marbles. Literally all day and all night tweeting of paranoid and easily-disprovable nonsense. Often targeting the board or the stalwarts of this bb with as much made up cr4p as he can throw hoping some sticks.

Some might think the postings funny, but my overwhelming feeling for this chap is concern. He’s lost it and seriously needs help.

Concerned, yes, but still he’s muted again in twitters green bin….

Stalwarts of this bb, please continue to go about your business as usual…. It’s appreciated and keeps peoples peckers up in the usual grinding walk downs we’ve become used to.

Gla. Especially GDF in getting help.

CAW1 yeah I get that. It’s playing in my mind that I also lied in my previous post…. I have absolutely zero respect for that guy/gal’s contrived points of view. No one in their right mind would… except goodflyi….. oh never mind….
I was just trying to let the Wolfe down gently…. ;-)

Sorry Wolfe. That's really poor language and it's pretty offensive. I've never reported a post before, but that's the first. Whilst I generally find your posts tiresomely aggressive and inflammatory, I respect some of your differing points of view, but this one crossed the line, fella.

This is a good line:
The options are also subject to performance criteria under which the options can only be exercised if the average share price over a 30 consecutive calendar day period has been 20 per cent. higher than the option exercise price
They know things are incoming and it’s due a re-rate
Gla. Pk

DB79 - i just glanced at your post and for a second I thought it said you were ready to buy 5000 shares because you sold your Ma to an Arab!

On LSE we have a share price showing as 22.6p. Bid 23p, ask 24p… huh?

Stir, It’s still there on the homepage if you scroll down to the bottom. I thought it had been photoshopped too, but it’s there plain as day. Pk

Long9, is that the same ‘nothing’ that moved us to 38 two months ago, or down to 16p six months ago? I’ve given up trying to second guess what the SP will do…. It’s normally the opposite of logic. I’m resigned to the fact I’m in to the end and this period is just annoying like trying to sleep with a botfly in your bedroom.
GLAGH. PK

That makes a decent difference, researchandhold!
I've been conservative through those musings, and whilst a 50% reduction in my calcs hurts, there are still a lot of other unknowns clawing back up.
Like will somebody pay 5% of in-ground or 10% (looking at recent mining deals 5% does seem a bit tight)?
What other things are we not factoring in? Rhodium? Nickel? Copper? We just don't know!
Even worst case 104 of pt equ is 100bn+ right now... Add in our 80% of MT, WK and.... I'm almost back to my north of £3....
Just playing with the figs... Thanks for the correction.

Sorry... all in Dollars.... Couple of Euro signs slipped in there on a couple of figs....

When on Saturday I said $280bn in-the-ground I was simply using figures in GMF78’s tweet (that CAW1 copied onto this BB) suggesting we’d be looking at 0.05% fee for what’s in the ground to take over ROSGEO’s 25% of our JV.
The maths is: We have €35m in the bank. At 0.05% fee this is then has a value of $70bn (35m divided by 0.05%). This $70bn of in ground resources (assuming we spend all the $35m) represents a quarter of what is in the ground in the ROSGEO JV. So, therefore, this gives a total of $280bn in the JV.
I am not saying the original tweet is right or wrong. Or that any of this is fact. Was just playing with the figures on an idle Saturday evening.
As a sanity check, with VERY back of the fag packet figures, if the original JV suggests 104Moz of Palladium equivalent. Palladium as posted earlier is currently €2200/oz, then the 104M0z would be worth €228bn, ignoring whatever else is in there or not. With an 18% resource upgrade with JORC (I recall one of our assets recently has a 70% resource upgrade) we reach similar figures of c.$280bn. This sort of sanity checks it in my head… at least gives two different ways of reaching the same conclusion about the sort of ball-park we are talking of. Nobody knows what is there exactly, so this is simply my basis for a ‘best guess’.
We then have 80% of MT and Flanks to add to this as well as our assets at WK.
I’m not saying the original tweet was right. Just playing with numbers. Not even looking to include what % a buyer would pay, extraction costs, taxes, bank fees yah-de-yah…. But a conservative 5% of in-ground and, and using £0.24 per $bn sale price per share (Don’t know how realistic that is on todays fx £$ rate is), this is north of £3 a share. I think that is very possible indeed.
All just messing with the confirmed info available to us, mixed with some unconfirmed opinion. I’m sure some naysayer will enjoy ripping these very-top-level-full-of-assumption workings apart... Good Luck to all GENUINE holders.
PK

CAW1, by that rationale our 35m in cash, based on buying out Rosgeo’s 25% interest in the JV means there’s an approx total of 280bn in ground resource? (At 0.05% pre jorc as per the tweet)
Which seems to tie in with a resource upgrade from 104moz…
Which also must mean that because we don’t need any more cash to conclude our business with ROSGEO JV, the BOD already know what’s in the ground and what they need to pay for it before it’s JORC’d… which speculatively must mean that part of the deal is signed for?
Hmmmm.

That's rubbish news... we need you, and your positive factual posts back here ASAP. You're one of the reasons I'm here (and so heavily invested!).
Get well soon JTMAC.

Think misstestes might have taken your suggestion of 'early rum' too seriously , Tilly.

I've literally no clue what this post means....

Think mistestes might have taken your 'early rum' comment too seriously, Tilly...

I've no clue what this post is about.

Morning mr Wolfe.
“ Why anyone feels the need to disclose their holdings here is another question. Unless of course they need to pump their credentials?”
Not being funny fella, but have you not done just that by telling us all you’ve sold out?

Your whacky ramblings are tiresome, pal. Give yourself a couple of days off… unless you bought yesterday’s dip?

Ta. Good luck all HOLDERS.
Pk.

Pete - That's the best post I've read in a long time. Thank you for articulating what I suspect many are thinking.
PK

A very restrained and polite reply, Bellers! Well held back!