Member Info for stringer01

As long as the purchase goes ahead the sp will react possitively even before the money is in the bank. Hope the CP's don;t take forever, but they are running out of time.

I don't think bad news coming uless Norin has changed their mind on the purchase which I strongly doubt. Many are hoping Beutong will be sold or fully funded. We all have a different opinion on beutong but I don't believe it will be sold. Manini has on many occassions over the past several years keen interest in beutong but won't give a single name. But we can all agree no one has yet put their hands in their pockets and bought it.

I don't like to guess but we should see the market cap move to £80m odd. Either way about 50% frome these levels. Most will wait for the divi for tax reasons. Good luck.

I've said for years now they should forget beutong sell KSK and close shop. That would be the rational and descent thing for all shareholders. But my fear Manini can't let go and will continue flogging this dead horse. We're very close to finding out.

Good bit of research and you could be right. My gut feeling is Beutong is a dead end but Manini has developed an unhealthy obsession with it. He only sees the huge mineral value in the ground and ignores reality. Are the CP's done yet for KSK?

Told vox he'd do the cp's in a fraction of the 9 month long stop. Seems that was a lie. Whar else oh yeah sold the asset for $4.50 copper.

Probably fed up with the Manini s**t show.

You're right, however they can't delay reporting completion of all cp's. Norin will want to get this purchase done asap. The sp will likely spike once the news of the cp's are completed.

Could it be cause for concern? Why are they selling now?

And Asiamet breaks new lows lol.

A bit of good news is the pound has strengthened against US dollar.

Is pathetic today, 2 months and no news now half way into month 7 since deal was signed.

KSK will only give 50% return from these levels. A deal for Beutong could see more than 100%

Copper over $6.44lb would make beutong tempting. Unfortunately it be mined too much public opposition.

The buy out price should be 5-7 bagger from here. Well, that's magical thinking isn't it. I hope investors do well but to think someone will pay £250m for a company valued at £40m is for the birds.

Jemesa in no universe in which offtake agreements occur before a mining permit has been granted. Potential offtakers, like everyone on this board and the wider investment community will be waiting the outcome of the 30 day public consultation process upon which a decision will be to grant a mining permit or not. This is a period of very high risk foe EMH due largely to the fact the locals overwhelmingly oppose the mine due to environmental concerns, this is intensified by the deposit being on nature protected land. In the end the local people will be deciding.

Why would progressing a project through construction stage lead to a flat share price? Because it's a huge mine with a 4 year build time.

What puzzles me though is why the market cap is so heavily discounted compared to the NPV? If this were in Africa I'd get it, but in the middle of Europe.

I'm not saying there will be a buyout for 25p, I was replying to a post sugesting a possible buyout. I'm simply explaining reality. This company will have to accept what's offered or refuse and take it all the way through development and into construction which would obviously mean a flat sp for another 2 years.

A hypothetical bidding war? I don't deal in hypotheticals only facts. Some on this board have been suggesting buyouts of 3-4 x the current share price. For that to be true the sp would need to triple from here and that won't happen soon or even this year even if they get the ESIA permit in june and development is triggered. What tends to happen is the sp is kept articially low in order for a cheap buyout to occur. Always remember retail investors alway come last.

Good luck to you and all invested but this is not a done deal. Yes the EU may want resource projects which eliminate needs to import and dependancy on foreign regimes that are often unstable and unreliable. However, the the projects must fall within acceptable environmental standards which is the point of an EIA process, a set of stringent rules to protect people and environment. I'm not saying it will NOT happen, but the market doesn't think so. The market is not often wrong.

As far as a buyout offer, they'll have to accept a low ball price given they aren't generating a penny in revenue and therefore in a position of weakness. Can't keep doing discounted placings forever waiting for a better offer to come along. Good luck.