Member Info for RMR1969

Scoobieless - we know the 'normal' 28 PUSU has been put aside here, but when the Board finally agreed to start the process formally (remembering of course we had been unofficially for sale for a long time), do you not think they would have placed some form of timeframe on getting a deal done, and most certainly UBS would based on their 'no win no fee basis'.

So if we assume they have done as I suggest above and set a date, what sort of timeframe would they give?

IMO it would be 12 weeks, as I have said here before, no one ever says you have got 13 weeks, or 15 weeks or 18 weeks, if you need to give someone a reasonable period of time in business to come back and report or respond to something major, in my experience it is usually 12 weeks with some updates in between.

Now interestingly, that would take us to w/c 21st September, the Monday following the AGM on Friday 18th September, is that a coincidence do you think? - your suggestion of the end of October would be just over 17 weeks, why do you get to the this date out of interest?

Appreciate no one really knows and we could be taken by surprise at any point, however based on what we know at this point, w/c 21st September would seem like a very good prospect to me for some form of update.

Agree Crabby08 - we are 9-10 weeks into the FSP now, if there was no 'common ground' then I feel sure that the process would have collapsed at this point, no guarantee of course, but the longer this goes on the more confident I become.

There must be at least one party, hopefully more, who are making noises the Board are 'happy' with....

I know that a number of people on here are saying the SP has not risen post flanks licence issue because they believe it was already priced in. I am not sure I agree with that, I have always believed the SP did not have this priced in at all and still don't.

Could the reason for the SP not rising as we hoped after this event be more down to dynamics - for the SP to significantly re rate then you would need many investors happy to pay that amount, whatever it was, however we have a very different situation here, we were suspended for a long period, we have many investors who have been here a long time and who are just sitting on their investment doing nothing, or perhaps adding on any small drop as funds allow, we have 'new' investors who want to get in but fear they will be spiked so only happy to get in to a certain level and with limited funds and we have the unknown situation of what is happening with the FSP.

I am a LTH, I have re invested post suspension, I have even added at prices north of where we are today, but I would not add any more if the SP suddenly jumped significantly by 3 or 4 times.

IMO the majority of people have taken their respective positions and are waiting, and there are limited new investors because they fear they have already missed the boat - the ingredients are just not there to allow for a dramatic rise at this point, not until news is forthcoming then it will likely all happen very suddenly and the flanks element will be properly factored in.

Just my opinion but interested to hear others views who perhaps have more insight into the market dynamics.

GLA

well I have topped up again having released monies elsewhere....did not think we would get 3p again, but having now been close to 5p recently, having received news on MWG T/O and with exciting news to come, potentially the most exciting we have ever had.....well 3p felt like a gift!

GLA

if it were true, we would only have about 130,000 RNS's left to go before all the shares were bought up, not sure I will still be alive by the time that takeover happens.....lol

Many thanks Gents, that has all certainly enlightened and educated me, appreciate that.

Will just be fascinating to see how this plays out and the value we get should we be sold and then how that is communicated to shareholders as a great deal.

My previous thoughts shared on here were between 60p-£1.00, fully appreciate there are so many moving variables and so many ways to work out fair value but everything now suggests a number north of that and closer to £1.50, it all seems rather fantastical but the resources are there, the facts are out there, the vale of the resources is known, the demand is clear, the interest from multiple other parties is evident and has been confirmed.....every day feels like a week and each week a month here presently. Nearly 9 weeks into the FSP now, as has been mentioned several times already some form of deadline would have been given and the obvious one would be 12 weeks, no one every says you have 7 weeks, or 10 weeks or 15 weeks......so week commencing 21st September would be my guess for an update, assuming no bidder jumps all in before that!

GLA, very happy to be part of this journey!

Bamps 21 - did not realise you were in Worcester, from there myself, spent many an hour in the Mug House back in the late 80s and early 90s..! I sang with GWOS (now Opera Worcester), we were very good even if I say so myself!

I agree, it was conservative and they even say that themselves I believe.

It is a great place to start though, so back to my question regarding the "30% risk adjusted WACC" - does that mean they included the value of MT and flanks at 30% of their believed value or 70%.

The difference is marked obviously and changes the SP value from 55p to either 75p or £1.65 - this is simply adjusting back for the reduction because the flanks licence has been issued, so if they re wrote the report today, kept everything else as it was/is then that is what they ought to be stating....

Can anyone explain the WACC bit so I know if I should be using the 75p or £1.65 figure.

As I said this report was posted directly on the EUA website prior to suspension so the BOD obviously had seen it and believed it to be 'sensible' and by a suitable source even if it was to meet their own ends, it has, as we know, since been removed from the website...?

page 12 of the report clearly shows values applied to WK and Semensovsky within the suggested SP range of 55-61p

ftsedow - are you sure it was based solely on MT flanks, not sure it was, I think it discusses MT and the potential it has, but the report and share price suggested take into account all operations and values Eurasia as a whole IMO.

Happy to be corrected...!

Can anyone clarify something for me with regards to the ACF report - personally I think the report is a great guide to an initial offer as it is clearly the range that the BOD felt reasonable, it was remember posted on the EUA website until it was later removed, they must have viewed it as at least 'sensible.'

So my question is this, ACF reduced the value of the MT element of the company / SP by 30% due to the licence at MT not having been issued, it now has.

But did they use 30% of the value of MT or did they reduce the value by 30% thereby using a 70% figure - 2 quite different things in terms of trying to re work the vale they placed on Eurasia as a whole at the time of the report.

There have also been a couple of positive changes since the report also - WK licences, value of resources (gold has increased by 25% since the report, Nickel by 10% and Pd and Pt having dropped are now back to the levels used), FSP has been announced, UBS are now involved - just trying to get a rework of their number so any thoughts appreciated.

Cheers

Dailygrinder

You don’t need to do anything, it will all happen automatically once approval has been given.

Nothing at all to worry about. HL will sort it and everything will be sorted in your account t with them.

Yes assuming the T/O happens then both shares will be removed and new ones issued.

Richard@axiski.com

Cheers Rowka

fair point, and I haven't done it, and probably won't, have been loyal to SKIN for 2 years now, but it crossed my mind and I had expected the shares to equalise more today to be fair, the risk of it not happening is minimal to none I would say.

having been in here for so long and it doing nothing, I think on reflection I should just enjoy the ride and not over complicate it!

GLA

I could sell all my SKIN shares now for 3.65 and buy back MWG for 3.35, get over 100,000 additional shares then get a 1 for 1 swap...........risk?

I guess there is a remote, very remote chance that this T/O won't happen, but why would anyone be buying SKIN today.......the offer is 1 for 1, you can get MWG at 3.45p currently, SKIN at 3.8p, a near 10% discount on SKIN shares if you buy MWG.......if you are buying now surely it would have to be MWG, and I am a LTH in SKIN with no MWG shares...

What am I missing....!

I think you are right although IF a sale is close then I doubt they would be in a position to update as you suggest.

Anyone here had a go at revising the ACF report based on 'knowns' now.......?

stix40 - oh I see, apologies therefore for coming back on you, just don't want to be associated with any negativity here, I am positive and always have been, even in the 'dark days' of suspension - the 10p price suggestion is to be honest simply ridiculous, I totally agree with you.

no stix40, I am not part of any afternoon shift or evening shift, I am merely pointing out something I found which you can take with a pinch of salt if you like, I actually see it rather positively to be honest, and for info I am a LTH who has been here for quite a while and throughout suspension, not part of some 'johnny come latelys' deramping crew which is what I believe you are suggesting......

LOL - wasn't really mean't as a conspiracy theory tbh, just interesting that those are the only 4 words changed/omitted, it takes the paragraph away from referring to some such event/situation which may or may not happen at some point in the future, to rather more referring to a specific 'known' event/situation - as I said, maybe just some new 'herbert' writing the notice who decided it made better English.........