RE: A takeover21 Apr 2020 13:14
No they are not.dont believe anyone talking takeover before the MrE. Just rampers,we haven’t been exploring for a decade looking for a needle in a haystack to sell it early without knowing how big it is,don’t be daft. Or do that inverse and say we get our 25p,hows Nc supposed to explain that amount of money To their shareholders on potential and without actually being able to explain what they paid for what. Then you have buyout offer likely to be low ball given the expectations of this BB and many SH,can’t see GH and board or any SH agreeing a takeout at this stage,even for 11p, I mean we haven’t even put a drill in scally and already some are saying it’s gonna be huge,expectations are wildly high,(right or not),Ggp has rewarded those of us who have held,and lightning does strike twice sometimes,but it’s still a very long shot just as finding HAV was.im hopeful too but it counts for next to nothing at this stage(scally and other licences) until we get drill results.all eyes on havarion!
Every calC you looks at for a valuation /buy out references the MoZ,even the idiots ramping an early takeover at this stage,how now does that calc work without the Moz figure to put in it.well it doesn’t that’s how. That early figure comes at MRE,At MRE we may have a fair value estimate and it’s then NC will go for the 5% or the full 30% or as some believe the whole share capital of the company(I don’t)MRE IMO likely to be second quarter now if they are hitting on the step outs as far more infill etc to do than at the results which only had HAD23 out there and hitting and no new Sw clusters.lastly these things take time,we are very lucky to have almost constant news flow here from many LTH but mainly Paddy who continues to be outstanding in sourcing and collating info,this will still take years to reach 25p,but reach it I think we will.short term We will spike on next results and drop back no doubt unless they truly extend the footprint into 15-20moz catagory (5.5 atm open new and at depth) but that was based on 150m width and the step pits are massif,one has hit already HAD 23(see Gh excitement on this one in the interview) so now if anymore hit we are certainly in for a revised numis target and a lot more excitement!happy hunting grounds for the traders no doubt,but I reckon is lths have made a hell of a lot more just holding and buying the dips averaging up since .0056. Perfect storm for us holders here,we don’t need ramping,we have all of the right fundamentals in place.sit back and enjoy the ride.