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Indeed, Bernie knows why the price has risen, and is probably a bit peeved that someone has leaked, but can't yet put out an RNS on the news until the paperwork is through. Hard to see a different scenario
Spot on MarkyMark. No issues of obsolescence either, and valuation of inventory can be marked to market, and if necessary there are options and other derivatives etc available as insurance to cover any price declines that can be built into the pricing. Its definitely the way to go and potential for massive market application. I can see this being a fascinating new tool in trade financing as well as for mining companies that hold inventory and need cash to finance operations
Moneymaker, what do you mean the market cap 'its almost the same as the anticipated first year's revenue'? More like one month worth of the first year's anticipated revenue isnt it? Which would make the upside here truly mind boggling!
Angus, 1p in January isnt relevant to the option as it will have expired. AZ has already forked out 0.17p per share to buy this option.
Expect the RNS to come this morning, the £1.1m option expires and it needs to be in the money. It isn't at the moment and AZ stands to lose the £1.1m
pshah, if we don't get the RNS as the market approaches 12.30 close tomorrow, I would expect the price to start to drop pretty substantially. I dont think AZ will leave it to the last minute, its all about the timing
Reckon it will be late this afternoon. maybe just before, or just after the bell.
The point is at 12.30 tomorrow when the UK market closes, it will be 7.30am in the US (east coast) and many potential US buyers will still be ticked up and bye byes zzzzz
Wont be next week. Too late for the option strike price
I think by 7am this morning we will know. I suspect you might be right, AZ will be weighing up whether to give the news tomorrow which as a half day is not ideal as the US will still be tucked up in bed
Mt Tibbles, try and look on the bright side. We will come to a deal, both sides are playing hard ball, but it's just posturing. We both need each other.
The substantive terms of an outline deal will be agreed late December, along with a pragmatic standstill agreement (essentially an extension of the transition arrangements) whilst the detailed paperwork is filled out.
Both sides want to take it to the wire, to get the best terms....so this is the logical scenario as I see it. But of course there are no guarantees that this will happen which makes for squeaky bums on both sides
Yes me too. This is now so cheap, that anything beyond basic viability for this business will exceed expectations. I like the risk return on this company, especially as this is a 'real' business in a positive sector, rather than a wing and a prayer mining or tech stock.
Based on the below 2 items
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/052220-gold-miner-barrick-plays-down-talk-seeking-copper-asset-doesnt-rule-it-out
https://www.barrick.com/English/news/news-details/2020/Senior-Appointments-Strengthen-Barrick-Exploration-Team/default.aspx
You have to believe that this and all other scenarios will have been considered and included in legal agreements, and insurance policies etc.
Hard to work out why the delay, the number production would be a mechanical process so have to believe it relates to the narrative. Hopefully not 'going concern' related fingers crossed
ah found it.
can you post a link please Ismalia?
More importantly, what a great name to have in your client portfolio, alongside Carrefour. Both household names, prepared to use SYME. What great references. Then the sky's the limit.....you can only imagine tesco, sainsbury's....then caterpillar, general motors, Fiat, Boeing, Airbus.......the possibilities are endless
Rough and ready, I reckon £1bn of inventory monetised should approximately translate into 1p on the share price. So depends on how much of the inventory is in scope and passes the due diligence of course. That could be the big news awaited for the UK update and it could be why AZ is so confident about the share price at the end of December.....but then who knows?
$5.8bn of inventory. Nice if it is......