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Flawless Eloro to a tee.
Some good points Fulmar but they fall with the existence of an exclusivity agreement that lasts for six months or an agreement in principle for a transaction if you want to call it for what it actually is. As regards AA drilling with us for years I somewhat doubt that this will happen as we would have a JV agreement and I don’t see that happening as AA will want to in my humble opinion move on with the project and avoid paying absolute top price for the assets at a later date to acquire them. Further more Nick alluded to a transaction and listening to the conference call will highlight his excitement that he has towards a deal happening. I am highly confident a deal materialises for the reasons I have discussed and not a JV or partial equity position in the company.
Fulmar - That makes no sense what so ever because to prove up further assets would mean more and more seasons to drill the area for further deposits. The only way we can prove up further the deposits is by using the drill bit and evidencing sulphides. I personally would not think this would be the case here with an agreement in place with Anglo American that relates to a transaction.
Bit late in the day for that Fulmar at the 11th hour, read Peggy's post yesterday evening it’s on point what happens next the data is there to proceed to public offer and disclose what ARCM have agreed to as a price.
Greatfull - your post is much appreciated as everyone is welcome to their views. look guys I can’t stress enough I hope everyone and I mean everyone involved makes money for themselves their families and their loved ones, this is not easy times. Fukurokuju79 has a chip on his/her shoulder I will head off into the sunset as I don’t want to upset people and I hope he/she makes some good returns simple as that. Best of luck
You my friend are a walking talking contradiction and that is been balanced.
I hope we all make as much as possible from this, everybody's interests are aligned. If we were sold at 30p to Anglo it is a travesty given what we have in terms of value but a lower end of the scale deal with Anglo is more likely in my humble opinion, all I am trying to do is tell the lse board as I see it, but it does not mean I am right.
surprised 20p is not gone today
Small holding given the Chinese Government support which is endless for commodity companies within their own jurisdiction I think if they had an initial interest in copper deposits Ivanhoe would have got knock on the door. 6 billion to the Chinese government is not big money
Ok small holding what mid tier small or large copper companies have Rio or indeed the Chinese bought out recently?
Agreed yezzerr seldom will an asset sell on AIM sell for a premium and secondly the Chinese could buy Ivanhoe mines up the road from us who have some of the best grades on the planet but are they? Rio owns shares in Ivanhoe, I have not seen or heard any noise of a buy out from RIO. Majors and the Chinese are not as copper mad as some may think and further more want to believe. This bidding war in my opinion is a little overstretched with no substance the activity of the majors and the Chinese highlight this, looking at price action currently my bet is towards the low end of the valuation for ARC which is a Absolutely massive premium for us shareholders from here and the board to state the equity markets did not value us fairly as is the case currently let’s run with Anglo.
Exclusivity Agreement?
The legal definition of an exclusivity agreement is a preliminary agreement entered into between the buyer and seller at the beginning of a transaction for the sale and purchase of a asset. This will usually cover a timetable for the supply of information relating to an asset, a timetable for the buyer to raise enquiries and an obligation on both parties to instruct their lawyers to come to a deal. Agreements such as exclusivity agreements are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the client some protection from another party outbidding him.
Really rather simple what is going on with Anglo, please DYOR, come to your own conclusions, it’s my humble opinion that negotiations for the sale are already ongoing as we speak and have been hence why earlier in posts I believe before the Exclusivity agreement between Anglo and ARC was reached a preliminary number has been discussed with the ARC board relating to the sale. Join the dots, during this Exclusivity period given Anglo have an agreement why would they wait to the end of the agreement to make an offer to enable further bids to be made from for example the Chinese and other interested parties, NVS can talk about other majors etc being interested but the reality is he is negotiating with Anglo in terms of a price. While we can walk away from offers at the end of the six months as poster point out it’s my opinion if that were going to be case NVS would not have entered an exclusivity agreement in the first instance. Join the dots guys.
Fukurokuju thanks for the update it’s either quarter 1 or quarter 2 of 2021 or as you say it’s in Anglos interest to offer earlier. Got to agree with you on that.
Eloro Exactly Right on the transaction comment by NVS and let’s face it for someone as commercially minded as he is it adds further fuel to the stance we have. NVS stated that he
also sees an ‘extremely good outcome’, let me think what does he meant by that?? I am pretty sure he does not mean he is enjoying the company of Anglo.
NVS is speaking like someone who is on the cusp of making a sh*t load of cash and he is taken back by it. Join the dots guys simple as that.
I suspect an offer is not far away for sqz.
Before any agreement was signed relating to exclusivity between Arc and AA numbers were very highly likely discussed it would be naive to believe NVS has not been given a number by AA hence the excitement from the board on the recent investor call. NVS worked for Anglo, Anglo hold data on the area clearly Anglo were in the data room months prior to the agreement. I don’t see quarter one or quarter two transaction next year for a deal without allowing another major the opportunity to bid for the assets, that’s common sense and not how deals are struck by allowing competitors Iike for example Rio to be given a chance to make the price more expensive for Anglo. The ARC board can hardly contain themselves with tweets, investor calls etc the only course of action that would leave the board like this who to be fair up to recently have been conservative would be they are highly confident a number is coming from AA that they are happy with, extending by six months without a offer makes no sense. I believe we are much further down the line than most believe and the behaviour pattern of the ARC board makes it more likely a number is coming, Remy alludes to the next few months, join the dots for yourselves it’s pretty obvious.
Rodgers - you are a very blessed fella, when your investment strategy breaks down as it clearly is, you have a great career ahead of you as a comedian. You could fill a venue with this bulletin board alone, thanks mate it was a quality post for a giggle as predicted the one post wonders would land. Good one.
Peggy one question why would Anglo American not make an offer?
There is another Toney Mk 2 out there, with a one and only share interest which will of course will be here, just like Tony, Mk2 only lives to comment on this one share, he/she is coming soon guys the further this rises the more degenerates you are likely to see, as always DYOR.
Tony you are talking dribble son and firstly I hate to be one the one to point it out I leave the board alone as they are fairly well up in the current situation been here for a while.
Firstly in no way is Sirius minerals comparable to multiple tier one copper finds each in their own right a company maker, so stop right there with that one fella no in comparable in the least. Second if you think for second the licence area goes for less than 100 m ie 10p share price then you need a check up with a doctor to find out what’s wrong with you. Third as one of the below posters alludes to Anglo American have been in the data room for a very long time before anything was signed that I believe has always been the case that this situation is further advanced so the likely hood of an offer is more further advanced than we are led to believe. Finally Tony stating your concern about people getting burned on a 45m market cap for a company that could potentially be 6 times this and still be under valued is even more so cause for Concern that you ain’t a scubby do what you are talking about. If people were buying in at market cap 200m or 20p then you may have a very slight case to raise concerns about being burned. You sold out and now you knickers are brown this one makes it, by a toliet roll and dry your eyes Tony.