Clearly a hypothetical example to prove a point. Not sure why you have cut the quote how you have there Spikey and started complaining about ramping.
To the point made, I agree, if we knew what figures had been discussed already by the BoD and any potential suitors, we would all be a lot happier (whether that be 1p a share, £10 a share or anywhere inbetween).
I guess that's where the frustrations are coming from, investors aren't privvy to information one should be, or to reasons why they aren't.
As an example, if the BoD had said something like "DFS not going to be published as under NDA" then investors would at least know why. (Note, an example, not saying this is,isn't, has, hasn't happened)
But lets be fair here, juristiction risk (before the war) was pretty much limited to corruption type things, as seen historically with Russia. The war was unexpected and rather sudden. No one was saying a war was going to happen until Feb when the troops started massing.
The issues of the valuation of the company being unrealistically high are yet to materialise, as is the counterpart that the assets are worth plenty and the valuation is low. At present, PI's don't know as the information is not yet disclosed.
Why is this? Some feel it's shady dealings, others think it's sale related or war related.
Regardless, the AGM is coming up, so a chance for those to try and ask their questions and try and get some answers.
What does that work out at? About £1.7bn or have I got my tons mixed up?
Even with a 90% discount that comes out at near £200m or so right, so upside from current Mcap
Interesting, as you'd hope they had found more resources since then.
Missed the open goal there Kammy of just adding "P" to the name, much like that episode of the young ones. 😘
The DFS not being publicised is very interesting. The varying views seem to be because it's NDA'd, it's awful or there is a sale in 5mins then all will be revealed
It is genuinely very odd it hasn't been publicised. Given it values the company assets, I would argue it's the definition of price sensitive information. So how / why are they able to withhold it without suffering penalties?
But the SP is pretty flat so it hasn't leaked, or it has and it's neither great nor awful and is just "ok". Or it's great and then has had a war discount applied by the market.
I'm sure many of you have called the company inbetween the bickering and name calling, so I hope someone will have an answer soon.
Looks like the release of that film has been put on hold