Member Info for ViciousHippo

It will rerate when the license comes through

Lots of US valuations have tanked as well. Peleton/ Docusign/ Beyond Meat to name a few internationally recognised brands are all down 90%+. All zombie companies have been in for a pasting. The market has spoken - with refinancing now relatively expensive (and difficult), they have to focus on profits. So I think MM is being disingenuous. THG is not Amazon. When THG is profitable, the pressure from the markets to reform will have paid off, and the share price will be just fine.

There is a further gap at 66p. It is possible that if the deal is on, the traders will target that gap as a final shake out of all stop losses. So tomorrow could be nasty. However if the deal is on, you could see a meteoric rise from 66p to bid price. We shall see...

Gap at 75.68 was closed precisely. Good chance that was the last shake out

There is a small gap at 75.68. That is probably the MM target shake out. Then it's a wait for the takeover news.

I'm guessing a move to 125 in no time at all.

I take this to mean that THG have been in receipt of an offer.

WRLG has agreed to pay C$6.5 million in cash, issue 28.46 million common shares and grant a 1.0% secured Net Smelter Royalty (“NSR”) on the Madsen Gold Project as consideration for the Acquisition, as well as make up to US$10.0 million in deferred consideration payments.

It is unclear what this means exactly. The cash wont cover the debts. Not clear whether any of the shares being issued will go to existing Pure shareholders.

My Hargreaves Lansdown account is showing a closing price of 103.6.

There are also gaps at 123, 186 and 568.

568 would be nice, but maybe not definitely achievable...

15k @81p ave

The land ownership has been under dispute for some years, with infighting between different groups. Once the ownership is settled, Serabli will pay the agreed owner a royalty, including back royralties, which the company has been accruing.

After those side swipes, CFO probably going to have a late night frantically improving what was planned to be released tomorrow...

From these two comments, I'm sensing a fair amount of divergence here in expectations...

The jump followed by pull back gives the following potential highs with Fibonacci analysis
114 highly likely
135 quite likely
168 reasonable chance
201 for the brave only
221 if the stars align

I'm betting on 170p

Let's see how big the pull back is... Maybe back to 76, then possibly up to 150.

7. Auction
Auction Commencement Date (if needed)
By no later than July 28, 2023

I have done a basic DCF, which comes to £1.32.

Whatever it does to in the short term, it should be good long term bet with index linked government contracts. One possibly to hang on to for years, with a pleasant dividend.

It's not a definite that the mine must be sold. The Court can order the continuation of operations with the creditors required to be patient. Let's see what they come up with.

However, it is very difficult to see from these numbers how RMM was in great shape in July. Bradbury simply lied. That is repugnant.

(as far as I would expect). I do not think Newgen have possession of the assets of the company, merely securtiy. Obviously have to check the loan documentation to know. It would be quite radical for Newgen to have possession of the company's assets due to a default on a loan payment. That would be like losing your house to the bank because you didnt pay your mortgage one month. That would be a calamitous deal to have signed, so we assume RMM did not do something that stoopid.