Member Info for Rover62

Looks like I’m wrong. The market is still pricing in a lot of risk that this deal will not be ratified.
Any thoughts?

2partacus,
I agree on the Russian risk factor.
If a yes vote then there is a window until it’s signed off and cast in stone.
The sp as you say maybe lower in price until then, but by how much?
My feeling is that a deal of $35 million + the $6 million in the bank equals 2.4 to 2.5 p per share.
So factor the reduction for risk I’m going for a price 2p+ you a price 1.8p. Not too much different just interpreting risk.

What your asking I believe is will you have a chance to get double value. The answer is NO.
If the vote is YES the share price will go to 2p+.
Once the dividend date is set you will need to own the share on that date. The next day the share will open at a price minus the dividend.

If you haven’t noticed all stock are down

Don’t know how it got to Kuhn-Marie and not what I actually put Kun-Manie.

If there is a yes vote tomorrow the deal is to sell the Kuhn-Marie asset for $35million. The BOD have indicated that they will give a special dividend to shareholders at 1.8 pence per share in less than 90 days.
The residual cash together with what they have in the bank to be used to acquire another asset.

The best analogy I could come up with is that you imagine the company as a garage with a single car housed in it (the asset). You sell the car and replace it with a pile of cash. You still have the garage but now with a pile of cash stored in the garage. The rules say you are. Not allow to do that for too long and you need to use the garage to store cars or bikes etc. if not you will have to demolish the garage and return the pieces to each of the owners.

Just a bit of fun lol.

JG,
I would not term the return of some residual value from the asset as “profit”.
The amount of money that investors have sunk into developing the asset is many multiples than we are getting back.
Make no mistake that the company are making a loss on this.

Remember that if in an ISA or SIPP it will not be subject to tax. DYOR

Oracle,
The first thing that Warren would say is that you purchase a share that has sound fundamentals.
You then wait and be patient.
However, for this share the fundamentals have substantially changed.
It is no longer a sound share to invest in.

Vote YES for the deal.

Oracle,
Are you on the Russian payroll and trying the old reverse psychology.
I know I’m not so please stop trying to be a con artist it will not work.

Just to change the negativity I voted YES.
Everyone has their own personal circumstances and hence reason for voting as they do.
I have respect for that.
My own reason for voting YES is as a long term holder with an average of 8p at one stage, now being at 1.6p, have grown to dislike this share and it’s prospects. I had hoped for an eventual buyout at 25 to 30p. That has long gone. The current situation is such that I personally don’t believe that any improvement in the offer will be tabled. That leave you to wait it out. How long 2,3 or 5 years. Too long for me.
So I’ve said yes.

On one of my other shares the discussion was could the even source diesel to fill up the generator to keep the lights on. That was a gold mine in Ghana.
Slow times!

https://www.proactiveinvestors.co.uk/companies/news/989993/amur-minerals-robin-young-updates-shareholders-on-sale-terms-of-kun-manie-989993.html?rel=scroll

https://horizonteminerals.com/news/en_20220811-horizonte-minerals-promove-segunda-rodada-de-cursos-de-qualificacao-em-parceria-com-o-senai-.pdf

It’s in Portuguese

They looked like they are most likely buys. If so the may have cleaned out the free float of the MMs maybe a rise tomorrow.

To be honest I thought I saw the grim reaper in the shadows. Lol
RY is looking aged now.
I do believe he won’t be there after the vote which ever way it goes.

IMHO the problem here is not with Sviblov, but with the Russian Federation. In normal time this would be fis first offer, and another would be forthcoming on rejection. I don’t think he will be able to as it’s the Russian Federation that is calling the shots.

IMHO

I too as a lth votes NO to the last deal but will now be voting YES.
The deal has changed the situation has changed.
On the news of the first dealI was poised on the sell button at 2.9p but genuinely thought we could do better and so voted NO.
But now I don’t see an alternative if I want at least some money back.

AIM,
Thanks that would make sense, we just have to wait as usual.