Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
all the director dealings RNS's are ? Thought Mitch would be filling his boots to the tune of hundred of thousands of pounds worth now this amazing deal has gone through. Bet he's chomping at the bit to get more shares. Or are they still in a closed period and not allowed to trade ?
If 6 p per share is only 16m then 36p a share is less than 100m. Considering Serica recently had over half a billion cash on hand that is still peanuts.
50p a share should be the bare minimum IMO.
if Mitch does similar sorts of deals when he sells his own things. Like if he put his house on the market and someone comes to look at it and he ends up giving the house away and paying them money on top as well ?
Must be a wonderful chap to do business with if you're buying from him.
There has to be a big reveal soon. There's no way anyone sane would try and defend this deal, so it must just be a matter of time before something comes out that makes sense. This would have been expensive before any windfall taxes were put on production, but to pay that much per barrel in a 75% tax environment is utterly bonkers and bordering on negligent IMHO.
to get buying shares now. Seeing as he owns so few and this is the deal of the century according to him.
If 4.25 so undervalued SQZ, what must the combined company be worth now ? 5 or 6 quid a share? All for him to buy at 2.50. Bet there will be some director dealings RNS's popping up soon with Mitch buying shares in the hundred of thousands. Same for the rest of the board, they can fill their boots on this amazing deal.
Do I actually a little bit of blue or is that a mirage ?
Showing 2.71 at the mo. Dec's hedges well in the money at the moment.
I think I said recently that we must be due a hit piece soon.
And there it is.
upomega, as the saying goes "A truth can walk naked, but a lie always needs to be dressed."
If the board are so confident, why don't they show us what it is they see that is such good value. Nothing they have put out there gives that impression and they have omitted all the usual metrics that are important. Why could that be ?
Why can't MF just answer why 4.25 so undervalued Serica, yet 2.78 is a great price to give nearly 30% away. I'm assuming it's because it is impossible to justify and so they know what they are doing is wrong.
Got mine in a normal H L sharedealing account and with the W8 form I only pay 15% tax.
Does Stahel show the cost per barrel that Serica are paying and how on earth that can be justified ?
The fact that Mercuria are keen to do the deal shows how bad it is for Serica.
It's like doing a deal with the French, if they're happy with it, you know you're being sh@fted big time.
That's my NO vote sorted through H L.
Really easy to do online.
Fingers crossed this nonsense gets stopped.
Just think what an amazing deal you'd be getting if this goes through and you're the owners of Tailwind or Mercuria.
That is all you really need to know.
I don't understand why Serica doesn't just buy its own shares that value us a $6 a barrel and keep going until the effective price is $18 a barrel. Only then could you justify buying Tailwind.
If they're trying so hard to cover up all the bad stuff about this deal (price per barrel etc) then it shows they know it's bad. Which begs the question.... Why do something so awful for shareholders ? That implies malice rather than incompetence.
For all his replies to your points raised, he still didn't say how on earth Tailwind is worth $20 a barrel.
$5 would be fair. Less the debt makes Tailwind very expensive if you actually give them anything over taking on their debt.
Showing $3.72 at the mo. Dec's hedges must be coming into play soon surely ?
Been a little while since we had one. Does give a good opportunity to get in at a low price though.