Member Info for RMR1969

Quite right GFD, if people just listen back to the interview on Pro Active with Dimitry, the process was ‘alive’ back in October of last year, offers were being discussed then, he says so, and most likely sometime before that as well. This ain’t the start of a sale process, this is the end, as I keep saying “all in? fair warned”. The hammer will come down sooner than many think IMO

based on how quickly things have moved in the last week or so, I thing it will all be sorted before the end of August, in my view much of the work had already been done prior to the sale announcement, for me this process is simply wrapping it all up, final chance for anybody interested to put their bid in before the initial offeror is announced.

and some would stay in to the bitter end hoping a counter bid came in, has happened before.........personally I would sell most at near to offer price to secure it and keep a small bit left in just in case a counter offer materialised...

CAW1 - if an offer is made the SP will likely rise to just below that figure, many will sell but the SP will remain broadly stable as that is the offer price, so for example, if the offer was 54p (if), then SP would likely rise to 52-53p and stay there fluctuating a little day to day until the final deal was closed, many would sell to ensure the money was realised just in case the deal fell through which would be unlikely to be honest - that is how it usually works anyway, but this is EUA.......

totally agree onthebwagon - I have just topped up for the last time myself, increased my average of course but now sitting on the number of shares I had hoped for before any sale.

Very positive here myself, been in a while and looking forward to seeing how this unravels.

Best of luck with your investment.

onthebwagon - the ACF report DOES include the flanks but at a 30% discount as they have as yet not been signed off and issued.

Perhaps you should re read it before being too harsh and dismissive of others.

G Man.

I have been here a long while so don’t need to catch up.

We have been told it is imminent but it ain’t happened yet, my view which I posted a few days ago is that we are currently priced with no flanks. Until it is announced I would assume nothing. I am sure it will come but it may be being used as part of the negotiations.

I am positive here, always have been right through suspension and have added to my position since re list.

The only little concern I have at present is the flanks sign off, we have been told a couple of times it is due but hasn't happened as yet, could someone be bringing pressure to bear to hold this back.........

That will be the RNS that truly lights this up in my opinion.

Hoping Monday! Not too early though as I may wish to add a few more...........GLA

GFD - maybe we will have 'reverse speeding ticket' where the company puts out an announcement saying that they note the recent share price movement and can't understand why it is still so low....!

Musso74 - I also noticed that on Halifax, odd indeed!

I want to do a Bed and Isa, Halifax can't do it easily due to the spread, so I was thinking I should Bed and Isa another share, say Lloyds, then once it is in the ISA (immediate), sell it straight away and buy EUA with proceeds within the Isa itself, of course I have the charges and spread to consider, but does this make sense - anyone see any issues....., the CGT benefit would surely outweigh the charges...?

Just looking for advice before I do something silly!

EthioEthio - I think we may be close to getting the flanks, but it has not been reported and confirmed as yet and I do not believe it is currently factored into the share price, that was my point really, value will be added when (if) this is finally confirmed.

It would change the company completely, IMO the current share price is based on what we 'know' and what we have as 'confirmed resources (1.9m oz)'

That is circa $4b worth of palladium and other metals, circa £3.2b - using the ratios that 'similar sales' have done previously, would we not be looking for circa 10-11% of that as fair value, so £320-350m, which equates to around 12-13p a share - where we are now.......as I said, I think we are currently be valued on what we know so potential for much more upside.

Surprised as many to see this trading again today, bit of a shocker to wake up too!

There is clearly interest, no doubt about it now despite the rubbish spouted by the motley crew on here each day.

The ££££ rampers have perhaps also been shown to a little optimistic, so where are we left......an opening of around 13p, which is a nice rise for many, but as yet we have not had the flanks confirmed, when that happens it will undoubtedly add further value.

Key for me is the 'value' of the business has been 're set' this morning, whatever the final offer is (assuming we get one), will simply have to be in excess of the current market price, maybe not the £1+ parties many were wishing for but a very good profit opportunity none the less based on all we know this morning. MC is £368m or thereabouts as it currently stands, anyone believe we would be sold for that??

A $1b deal now would double the share price from here and remember CITIC and UBS are involved, they would only get out of bed for deals at that level and higher.

Appreciate many others will be saying 'we know all that' - but sometimes just helps to lay it out and invite thoughts......

GLA, topped up myself earlier!

Fair play JPP8788, you certainly have done some background work here and everything you have said over recent weeks makes sense, could be coincidence, could be more to it and you are right, guess we do not have too much longer to wait and see.

Certainly would be a very good opportunity for Bould share holders who all deserve something here (myself included), we have been patient and supportive over the last year or more, many taken up the OO (myself included), so would love to see this eventually work out.

I do hope you are right, best of luck!

I thought the RNS stated that offers could be made confidentially, how do you know that an offer has not already been made?

SpikeyJ - if there was anything untoward going on, or AIM as you suggest had some 'issue' with EUA, do you not think that after 5 months, several RNS's, a new Nomad appointment (following undoubted DD), something, just something would have been said / leaked / reported........no way would AIM allow this story to continue in the way it has if they had the concerns you suggest, they would have had to be addressed by now.

agree Falcone789, already have a good position there but if and when we get something from here I will be adding to that and hoping for a buyout there too, don't think I will be alone!

SKIN is also worth a look, very good business being built there with a very engaging CEO who posts on the BB site here answering questions from investors

and as previously mentioned, but worth reiterating, any final salary pensions are x20-30 (it varies) so getting to the £1.072m is not as hard as it may first appear....a £25k final salary pension could be valued at over £500k to start with

you may be right, the upside is quite difficult to ascertain, if (when) we get the flanks licence, 19m oz is worth circa $35b, add in the other metals which are increasing in value such as gold and copper, add in WK if we sell the lot, and then the other bits and bobs, then add in some competition for the assets, potential for future licences, some national egos and who knows where this could end up - $2b - $4b...? In the great scheme of PGM sales, that wouldn't be completely mad for such a resource with such potential value in the medium to longer term, and certainly not financially beyond the capabilities of those rumoured to be interested.

Mustn't forget the 80% ownership piece for MT, or indeed the costs of transaction, which wouldn't be cheap, but 60p - £1.00 or over is feasible.

I am however trying to remain sensible and realistic, that way I may, just may get a very nice surprise.

appreciate that Ethio, many on here have stated that not just yourself to be fair, apologise if I came across rude, certainly not my intention. But the flanks are 'included' with a 30% reduction for not having the licence which is where we still are today, however I think we all believe that will be sorted prior to sale, no way EUA Board would allow it to be sold before this happens IMO.

I agree with the view that the ACF report was a way for the Board to get to an 'opening' figure - I would be very surprised to see an offer below that, assuming we get the licence, add some back in, maybe a bit for a sweetener and we get IMO to a figure between 60p-£1.00, remember the ACF report is also based on raw metal prices slightly higher than today!

A wide guess I realise but there are so many variables at play, anywhere in that region would be fantastic, truly fantastic. GLA