Member Info for Rover62

The buyer is trying to get our assets with his lose change. We need him to rummage down the back of the sofa and put in a realistic offer.

I think the BOD are obligated to put the offer to the shareholders. This doesn’t mean they have to agree. However the RNS does seem to suggest that they do.

I would accept a 4p per share cash offer with some future royalties. 1% as a starter.

No guarantees!

A 4p cash offer now I would take. I always thought Kun-Marie would be sold but after TEO/BFS. Yes current situation dictate that a fire sale occurs, but these terms suck.
Like other posters have said I believe the buyer will be buying as many share on off they can at these prices. I wouldn’t be surprised if they pass the 30% threshold before the EGM. I would not have thought they would have paid much more than 3p so would only have to pay that to get the company. Cheaper than the offer.

I keep reading the RNS because I can’t believe what I’m reading and expect by some miracle it will change. Alias it won’t!
All I read is that after the transaction the company will have £16 million in the bank with a promise of another £8 million in a year. Or 1.15p and 0.57p per share.
Then after 4 years another £20 million or 1.4p per share.
So value of the company after 4 years just 3p per share.
I won’t add the bits after as many will not be here but pushing up daisies.
As for buying an asset, we’ll I don’t believe they will be able to get an asset with a potential value of £40 billion for £16 million.

I’ve been invested here for a number of years, no where near some. So some may be able answer the below.

Although not material to the current situation I was wondering how much has been spent providing up the Kun-Marie resources?

IMHO AMC as an explorer would never have taken the Kun-Marie project past the TEO/BFS stage before putting a big FOR SALE sign up. The BOD and RY do not and would never get the skills to get funding and move this to production. I thought that a fair value at that stage would be upto a MCAP of £250 million. A x10 of today. That was a dream but would have thought a x5 realistic. A £100 million cash offer at this stage given the current situation would be fair (?).
The problem is that the BOD have taken far too long to get to this stage.
Normally I would agree that the company sells and then buys another prospect, however, with RY’s advancing years I believe he’s just using this as a lifestyle option.
We need a realistic fair value in cash, wind up the company and pay the shareholders.

I know that everyone has their own exit point for investments. This deal does not meet mine.
I would rather take a low cash deal up front that this. I’ve modified my exit point and would now accept 4p. Far below my original exit point.

This is just the first offer. Also believe there may be another bidder appear.

Yes

I had a quote to sell this morning at 2.9. I thought it may be going up. I refreshed it was on the way down. I wish I’d pressed sell. Now in the red.

This deal is only good for RY and the BOD to keep their lifestyle
.

This is C R A P

W T F
Sold down the Amur river.

I’d prefer to be drip feed with arsenic.

It’s actually worth at least a skim as it contains a lot of info that will fill any gaps in anyone’s knowledge. 5 to 10 minutes will be well worth it.

https://horizonteminerals.com/news/en_20220428-2021-annual-report.pdf

https://www.bbc.co.uk/news/business-61148499

Horizonte are fully funded for A1. For A2 it will be funded by FCF from A1.
Therefore, if there is any further funding it would be for V. That’s an unknown in terms of how the BOD will play. Funded by the company or a JV or a sale. That is a number years off yet so no reason why it would effect the current plans.

Of the same value.

20 shares @ 8p = £1.60 converts to 1 share @ £1.60.

Are you saying that the breaking of a law by a premier actually matters!

Wow that would be something.

Sorry, but it’s a sunny day and the world has gone mad, including me, some would say.

Maybe the reason for consolidation is to eventually get of the AIM market and stop the fickle traders swinging the SP up and down. It’s not good for the old heart. A gradual increase with very small downs now and again would suit me fine. If new money an SP of £4 minimum with a dividend of a minimum 5% in 3 years would be good for me.

Aye,
Next you’ll be wanting to watch the paint dry in the new site hut. Lol

I’m at a loss to understand why all the negativity with the consolidation.
Surely it’s the stage at which the company is at is the main focus.
The company is in a great place, full funded for A1 and just about to break ground on their first mine. All the up sides are spectacular.
Why would the company risk a share consolidation that would not benefit the company?
I don’t usually ramp but …. What’s not to like?