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Please can someone explain to me why the company would issue 250m shares are 0.1p? when the last placing was at 22p
i am genuinely confused why the company would do this, as the naysayers are claiming
that would just be absolutely ludicrous not to mention extremely damaging to the company value. that quite literally would be giving away shares when the purpose, SURELY, of a share issue would be to make money for the company
the BOD arent stupid, they know share issue will dilute the company so why would they just hand out 250m shares are 0.1p?
Hi spotify, i also have never been in an fsp before but from what i gather if the offer was £1 per share, the sp would rerate to somewhere near that and hover around a few percent either way. If you were to wait for the deal to be concluded and finalised then your shares would eventually be replaced by cash matchjng the offer price
using sibanye stillwater deal as a benchmark (19moz+ $2.2.b) .... if we were to sell 15moz at MT:
15/19 = 0.78
0.78 x$2.2b = $1.7b / £1.24b x 0.33 = 40p
so after reinvestment into new projects, maybe a 30p dividend, but this doesnt take into account the rising PGM prices (x4 ish since 2016 SS deal for palladium) and the low extraction costs
I've learnt not to get my hopes up with share price movement after these RNSs, even though IMO they are amazing!
Not worried if the SP goes down on Monday, i expect it will because the market seems to not understand what this company have to offer and people will be jumping ship if they think there isnt an imminent conclusion but im in for the long haul. just wish i had some spare funds to top up if there is a dip!
News updates have been great the past 6 weeeks, one every 2 weeks ish and each has been incredible and unexpected so word of warning to anyone thinking of trading and getting back in, you might not have the option!
From the West Kytlim Update RNS noting that they have gained backing from institutional investors in the last 12 months:
The environmentally friendly nature of Eurasia's mining process and indeed of PGMs themselves (in terms of their applications as catalysts reducing emissions and in fuel cells) have already been recognised by the inclusion of Eurasia into the relevant ESG indexes and portfolios as announced via RNS on 17 February 2021. Eurasia's full ESG compliance is a focus of institutional investors including BlackRock, Fidelity, KLP, Premier Miton, TIAA and others that have become shareholders in the Company within the last 12 months.
Year Mid-Year Year-End Tod/End,%
2021 $3,082 $3,271 +25%
2022 $3,382 $3,453 +32%
2023 $3,765 $4,090 +56%
2024 $4,590 $4,631 +77%
2025 $5,094 $5,552 +112%
2026 $6,006 $6,456 +147%
2027 $6,591 $6,801 +160%
2028 $7,209 $7,615 +191%
2029 $8,018 $8,266 +216%
2030 $8,308 $8,682 +232%
2031 $8,797 $9,157 +250%
2032 $9,515 $9,872 +277%