Member Info for Simon_Said

Amazing spot pensioner! Wow, those names. Bango is really just exploding right now. Exciting times.

That's because they've just switched, we're awaiting a new report.

Using April is rather misleading - UJO's price was heavily depressed at that time. RBD was a little down too but nowhere near as much. These hypothetical 'rise over time' arguments really depends on when you entered the market.

Not sure I agree there actually. There is clear industry interest around West Newton, and the board knows that any day now they could receive a bid 'too good to refuse'. This would leave them with a cash glut that they'd like to distribute, as it'll be well in-excess of the kind of sums they spend on new projects.

Excellent rousing interview, thanks for sharing Pensioner. Particularly great to hear that this is just the first part of Bango's relationship with Spotify. This is what happened with Amazon.

Excellent - so the little dip was in fact just because Anil had to sell some shares for tax reasons. And just in time for a better day on the markets. Should be a healthy afternoon here.

I like that WN is now so big that it's in 'telephone number' territory and we're getting our units mixed up. What a marvellous problem to have.

LOL

Indeed, this is falling roughly in line with similar shares. Even crypto is falling in-sync. Tech companies often get the best of the booms and worst of the dips in broad economic movements, perhaps because they are so tied to optimism and attract significant premiums to book value/earnings.

Bango itself has no bad news and goes from strength to strength. And the small float means it'll move back up when the market settles.

Remember that the data from the drill will have been going through many types of analysis since the drill event itself. Thus many reports will have been issued on many aspects of what they found down there. It doesn't seem even remotely far-fetched to me that somebody may have leaked one or more of these reports to Dan Levi, given his track record of getting these leaked documents.

This information is, then, probably true. That doesn't mean it's anything new - it's too early for it to be related to the EWT - but it does put some more meat on the bones of why the consortium members are so excited to get the well tested. They have been deliberately downplaying it to keep unwanted public attention away and limit the amount of disruptive protesting. But it is increasingly looking as if the size of the find is so large that nobody dare even mention it until they can be 100% certain of every aspect. It's historic in scale.

It's likely information from initial downhole survey work. The EWT is to establish flow, they will already know plenty about the size of the column and various constituents at various depths from drill cuttings and drill string tools.

Literally nothing of interest in there. It's a procedural RNS that was inevitable after the last one.

Tsibis, nobody believes you still hold here. Pull the other one. If you do, then posting arbitrary 10p share predictions is beyond idiotic - you're stoking fear in your own investment. Great strategy you've got there. Let me guess... "Anybody dumb enough to sell because of forum comments shouldn't be investing in the first place." Great - so when they do sell, and this tiny illiquid AIM share goes down accordingly, will your personal shares not be effected because you're so much smarter than them? It beggars belief...

Nobody is engaging with your line of argument because it's not actually stating anything - you're just saying 'what if' without any data points and expecting some sort of debate out of it. What if the shares go down? Then we'll all lose money and you can enjoy saying "I told you so" over your devalued investment. Congratulations?

Speaking of what ifs, what if the current increased pace continues, CEZ buys significant equity in the company, and suddenly EMH becomes a largely derisked investment in a multibillion dollar mine with preferential rights to mine and green lights from central government to make rapid progress, and the ear of every battery and car manufacturer on earth is suddenly available because the Czech government have a vested interest in the mine's success.

I don't know what you're expecting of people - give arbitrary numbers, and expect arbitrary replies.

Lol this again - any time UJO rises more than RBD in a day people start complaining - same the other way on the UJO board. Yet RBD has been far more robust at maintaining gains since the initial WN results. It drops less dramatically and rises less dramatically.

Really nothing to say about any of that. It's not actually addressing anything I said. I said that the discount is unlikely to be very steep, and gave many reasons why. Your response is 'Are you seriously telling me the share price doesn't matter'. Um.. what?

As for numbers of shares, again this is nothing new - please, oh please tell me how else you expected a mine the size of Cinovec to get funded? Did expect them to do it all with bank loans and credit cards? lol

Come on mate, not spoiling for a fight here, just trying to keep a bit of perspective about what's actually happening here.

LOL

Jesus, they do a small fundraise while they negotiate a company-making deal to unlock a billion dollar asset, and this is the line of conversation generated. Done with this place for the day!

Let's follow the narrative through, shall we.

CEZ: We'll fund it all and get you all the permissions you need, and the ear of Volkswagen et al, but we want a 90% discount on your shares. **** you, Keith.

Keith: No thanks, mate.

CEZ: Fine then, we'll ensure the state gives you no permits and no manufacturers talk to you, so your legal right to mine is useless.

Keith: Alrighty then, mate. We'll keep doing our due diligence and allowing other foreign investors to look the place over while you twiddle your thumbs. And probably nobody will make any money for years. Grand.

*Silence*

CEZ: OK how about 10%?

Keith: Grand. Champers?

The state very clearly recognises the urgency of getting Cinovec online and producing in time for the huge boom in EVs and domestic storage that are coming. They cannot afford to stall this project many more years trying to wait out EMH so they can regain mining rights for the state. They'd then need to redo all the work that EMH have already done and would clearly not share with them to actually plan mining operations.

Do some napkin maths, folks. EMH is a £28m company about to gain access to a resource whose fully-realised value is in the billions. Even a modest carried holding multiplies that market cap many times over. Don't work from some impossible idealism that they were going to carry 100% interest into production, that was never possible on an asset this size - get real!

Certainly will be sticky, they'll be wanting to hold for production income, that's the entire point!

Those brazenly forecasting huge discounts to CEZ for shares seem to fail to realise how counterproductive that would be for both parties since they would harm the overall share price. It'll be a simple case of a volume-weighted average price less a discount. On such a huge number of shares it won't be a gigantic discount, this doesn't happen in the real world. I get that people think the government has leverage to use permissions to 'bully' EMH into a huge discount for the raise, but ultimately they need the share price to go up, and buying at a sensible discount will add huge market confidence and immediately send the shares soaring. Some absurd bottom-dollar would tank the shares they'd just bought. What's more, they still need EMH to get access to the mine, they have no other legal recourse, so even if they carry out the implied 'threat' and slow down everything to a crawl, ultimately there is no winner there, including them. EMH are not without leverage here - if the state wants to realise the riches of this mine, they have to play ball. Simplistic views about 'communist nationalisation' really are missing even the most elementary modicum of subtlety here.