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I've polished by doubloons so much my musket is running on empty, my eye sight is failing and her in doors is starting to look like him in doors. Now that's not good....

Morning shipmates, when I spoke to Keith Byrne a while back, he told me that engagement letters will be signed when a deal is ready for presentation.
Sounds like that time has come.

DC, I think it's Tuesday, so I'll c u then
Time for an ale at the local.

It's a great time to release the flanks approval RNS and get all the conference attendees talking about EUA.
Good move!

Norilsk Nickel have released 3 tonnes of PD to put a stop on the runaway price of PD. Well you would wouldn't you.

NN had a revenue of $6 Billion last year and a high SP of $367 p/s
#justsayin

I guess our mystery buyer has set a 4p limit they'll buy at and the MMs are trying their best to comply.
It's just a matter of time before the knicker elastic breaks, then all hell will break loose!

Can you do the same with the SP. It seems to have its' shoe laces tied together.
I was expecting 6p today!

Yes, there are a lot of options but it depends on what any buyer wants, can afford and their risk tolerance. They'll probably want full control. An option with that is cash and shares if it's NN or just cash if it's coming from China I expect. I would imagine offers are in and deliberating/waiting on counters. Well I hope so!

So Alexi values 1.9 M Oz at $2 Billion.
We're soon to have a potential of 15 M Oz from historical drilling data at MT. Takes us up to circa $15 Billion.
It'll be a tough negotiation as the figures are so high... and getting higher.
Oh and let's not forget the other PGMs in our basket.

$2260

$2255

$2238

PD holding steady at $2119 ask.
That's a whole lotta $$
I wonder why EUA haven't informed the market of mining values. Perhaps they've been asked not to?

That's a great name.
I had a neighbour once called Aubrey, he was out of the Jack Hargreaves mould and grew turnips.

CJ - Yes, Includes the flanks. I reckon that's the ball park.

BB - $1.5 to 2 Billion for MT I would say. It may come at a premium as it has historical data available.

One thing is for sure, Eurasia would have indicated a timeframe for any bids, that being before drilling season starts and a drawdown with their Chinese JV partner. Once that happens things get more complex for any future deals and no doubt more expensive. 2-3 month is the cut off point IMO.

Wolster. From a previous post of mine, I think several options will be on the table, full sale, partial asset sale and JV.
Voted on accordingly.

Mind boggling numbers. A potential 40 M Oz at $2100 per/oz. That over $80 Billion of gross value.
I'd be looking at 7% of net. Around the $4-5 Billion mark.
No wonder someone is hoovering up millions over the past couple of months. Closed period too.