Member Info for TigerByTheTail

Jungians - And you are not talking "absolute bollacks" yourself?!?
You're just a spread better trying to talk down the share price - which is a pretty futile endeavour.
Don't you know Virgin have expressed interest to buy Flybe, and Stobart and IAG are also strongly linked to Flybe?
I can understand not investing here, it's risky, but betting AGAINST Flybe now? - Sheesh, that's just plain dumb.

www.botswanadiamonds.co.uk/res/bod-presentation-dec-2018.pdf

Well, fair does. I don't know of another CEO of a PLC who would be that open and forthcoming and even patient with his shareholders. It's impressive...

I imagine there will be a strong rally coming into the close today.
Takeover deals are very often closed over a weekend and announced first thing on a Monday morning. A fair number of traders must know that.

Hi Ostrown!
Can I correct some things in your post?
Firstly, money can be taken out of Zimbabwe. Look at NY and London listed Caledonian Mining (CMCL), whose sole asset is 64% of the Blanket Mine in Zimbabwe. They even pay a quarterly dividend to their shareholders!
Pickstone Peerless is undoubtedly a good asset. It currently brings in about $3m a year profit to Vast, which will increase (double?) as the higher grade sulphides are reached.
Add in Vast's share of Eureka, an excellent gold mine which should come online in H1 2019, and you can easily justify Vast's current mcap based on those Zimbabwe assets alone.
Marange diamonds and all Romanian assets for free!

Caitlin's post is taken from the daily summary of market events released by the market - it's true enough but it's not new news. Yes, we are in an official offer period and Virgin have expressed an official interest via RNS in possibly buying Flybe.
A more interesting question is what motivated The Eonomist to publish such a partisan article, rubbishing the IAG phantom bid, and promoting Virgin's own offer. It reads like it was dictated to the Economist by Virgin's PR department. Is this telling us that Virgin are worried that IAG are about to close a deal?

Hi Tenners!
I've been arguing this point for years - the Pickstone Peerless gold mine is worth the entire mcap of Vast. Then add in Eureka (up to $11m in free cash flow per year when it comes on line) and the potential of the Marange diamonds...
Vast is cheap based on the Zimbabwe assets alone.

A lot of overreaction here!
Pickstone Peerless bringing in good revenue and supporting entire Zimbabwe operation very well.
Manila in Romania disappointing. The key question for me here is whether Mercuria will disburse the T2 money in the near future, or whether they will require evidence of improvement in Manaila's performance first. And if there is a further delay in the T2 money, then how does AP plan to get Baita Plai (which always has been a far, far better mine prospect than Manaila) into production?
This will all sort itself out eventually, of course. So I agree with Dsaurez1 that today will be an excellent opportunity to buy on the lows. Unfortunately, I'll be out of internet contact most of the day (grr!)

Hi Colonel!
Yes, that's probably what will happen, give or take a few per cent. I sold as there's little point in holding these for now. Unless something very unlikely happens, I'll be able to buy back in after the placing and save some money.
Dilution of Hummingbird here would be very welcome.
I still think Sanankoro is a good prospect, but investment is also about the right timing.

Hi Colonel!
Thanks for the post. Unfortunately, you're right, so I've sold my few remaining shares here this morning. All in all, I've made a small loss on this share.
No hard feelings towards the company or management. I actually have a great deal of respect for Dr. Forster. It just didn't work out this time.

Hi Troajan!
My thoughts exactly.
(BTW, I bought BMN at 1.9p. Made my money there. Happy ex-holder. Might reinvest, but not at current SP or near it).

Hi 1234567!
Yes, I can see why Coris Bank would lend them the overdraft money as well. The security is good.
Coris Bank could well end up owning Yanfolila at this rate!
p.s. BTW, I don't think the balance sheet was ever that strong, in reality. I think the statements in the Q2 report can now be seen to have been grossly misleading (at best).

Hi Otho!
Presumably, if the Coris Bank overdraft isn't agreed, then equity may well have to be raised.
I can't agree with the posters seeing this RNS as "better" news. AISC - $1,800!

Yes, we may well be thinking along the same lines.
BTW, Hummingbird have just issued an absolutely horrible RNS. It's obvious they are losing money hand over fist.

Hi rt49! I completely agree that the resignation / forced departure of Dan Betts, CEO of Hummingbird, would be the best thing for both Hummingbird and Cora. That's a no brainer, really. I just wonder what the hell has been going on there. (I have my own theory, but it's not for a public discussion forum).
In an ideal world, Cora would raise money from other sources for next year's exploration campaign, dilute down Hummingbird's 34% shareholding, and go their own independent way. Dr. Jonathan Forster has an excellent track record of success in finding commercial gold deposits, and Cora can thrive without Hummingbird.

Hi Jackwolfe!
Thanks for sharing your calculations. But I think you need to allow for the fact that some of the planes in the fleet are leased, and only some are owned by Flybe (with mortgages on them). Balancing that, Flybe also own a lot of other hard assets (buildings, engines) which have significant value, without considering the value of Flybe as an ongoing business which generated 750m turnover last year.
I do agree with your general conclusion that Flybe is way undervalued.

Spot a deramper! - First post (probably previous ID been banned off platform) - undated claim without a link attached to verify it. Usual bull$hit.

Hi Bobbymacc!
I've got to say, I'm puzzled by your comment. Cora is a gold exploration company - looking for gold is what they do.
What debts do they have? As another poster noted, they do have limited amounts of cash at the moment, so a placing or some other kind of fundraising may be on the cards. The cash they do currently have is plenty to keep them going for a while, but not enough to fund next year's exploration campaign. So...
Events at Hummingbird are indeed not helpful to Cora. But in the end Hummingbird are just a big shareholder here. They don't run Cora. Since HUM are in financial trouble, their shareholding will probably be diluted down in the next raise, anyway.
Market cap of Cora is currently very low for what Cora have found at Sanankoro and elsewhere. But I don't see the harm in waiting for a bit to see what happens next.

The RNS is the paperwork that Flybe's broker must submit every day during the formal bid process. It reports the tiny amount of shares that Liberum traded on their own account YESTERDAY.
Flybe have two joint brokers, so there will be another similar RNS along from the other broker (I forget their name).
From the point of view of PIs, I think it's fair to say these reports are pretty much a formality - meaningless paperwork.

BTW, anybody else noticed the late 17.04 trade at 22p+? Intriguing...