RE: Puurrrrfect time to announce a deal2 Mar 2021 19:14
NTTG2, I did not say I believe BoD ‘want’ to mine, I said that they’d reject 50-70p low ball offers in favour of mining. As you say, 20 years of hard work. Are they going to give it away for peanuts like 50p? Some 10% higher than our SP in December? Doubtful
Tigra, appreciate the comments RE: ACF. You’re right. Our basket of metals have improved considerably and the ACF report omits the region surrounding MT which the holder of TGK licence will have first ‘dibs’ to as it were
I’d love a $10bn sale as it would net over £7-9m profit, sadly I think that it’s something the board of somebody such as Nornickel could justify to their shareholders. After all, it’s 1/5th of their entire market Cap. It’s also all of their 5 year investment budget used in one fell swoop, and they will need some of that budget for sure for other expansion (not to mention if they did purchase MT/EUA, they would need to Build the mine, cost of employees workers etc. This would be factored in and unlikely to be outside of a $10bn budget)
There’s the trouble of having to justify a share price premium of 1,000% also, which is extraordinarily large.
I do believe, however, these prices are very much achievable if EUA (or the owner) decided to mine and produce, year on year the growth would be rapid. But there needs to be something left for the buyer. A good deal struck is one where both sides are slightly unhappy about it.
£4bn sale of the company is well over £1. Have to laugh at the fact that that prediction gets you filtered nowadays!
300% premium to today’s 27p for £1.08 would make every holder a substantial gain from their investment, even if they bought at the very top. Something our directors would accept IMO. Christian, Dmitry, would be on 8-9 figure profits