Member Info for Wassatt

Still 16% below what Odeys paid 25th June after Crispin Odey, Founding Partner of OAM said on 22nd June:

Our calculations indicate that, based on the price of this investment in Tri-Star through the Placing, we are investing in SPMP at an implied post-fundraising enterprise value of approximately $200 million, or a post-fundraising equity value of $100 million, which we view as a very attractive level.

Is Crispin saying we are investing at a value of $100 mil when revenues for SPMP will be around $245 million per annum – 2.45 times what our investment is?

So Crispin Odey thought 43p was a very attractive level!!!!

In my opinion he will be expecting many multiples of that back (no timescale but he will 100% be out to make money).

Bet he is not tearing his hair out – He knows whats coming allright… Not putting in all this effort and $$$$$$’s for nothing IMHO

So RNS 22nd June stated:

Tri-Star’s contribution to this is $6 million equity and $9.4 million of mezzanine loan ($8.8m of principal and $0.6 million of rolled up interest). Following the expected $30 million equity injection, total SPMP funding rises to $154 million of which $66 million would be bank debt, representing 43% of total funding. SPMP management believes that, once the plant is fully operational, SPMP can refinance at debt levels of 70% or greater, releasing funds which could be used to finance additional working capital or repay part of the shareholder mezzanine loan.

So increase from 43% to 70% provides $41 mil spare funds.

SPMP owe TSTR $9.4 mil or (£7.15 mil) so “could” as is stated in RNS in effect pay TSTR back the £7.15 loan.

Worth .75p each share?

Or around 20% - 25% of current SP.

Now if they sold Canada and/or Turkey and got in IPR money and paid special dividend wouldn’t that be nice!!!!

Let’s take another look at UAMY:

MCap $36.09 Mil

Sales estimates for June:

Antimony pounds = 104,502 (2206 pounds to a tonne) so 47 tonne.

May Sb price $3.72/pound or $8,207 tonne.

47 tonnes per month = 568 tonnes per annum (TSTR = 666 per month or 8,000 per annum)

So without gold TSTR 14 x UAMY Sb turnover.

UAMY financials here.

http://usantimony.com/usac-corp_finance.htm

UAMY MCap in £’s = £27,490,000

IF TSTR is at least 14 times (and 21 times with gold) UAMY that is:

£386,901,463 or

£4.11 per share.

Add in gold and potential is

£577,290,000 or

£6.14 per share.

And that’s on the “first” gold roaster – Lots of clues in RNS about it being 1st one… And Odeys will want access to funds to pay for a 2nd/3rd gold roaster “wont they?”.

8th Aug for go live IMHO – Not long now after a long wait for some… IMHO looking very very good.

Yeah it must have been down or being worked on when I tried to find something
Still it's back now

Hahaha, everything as dry as a bone, then I just read this!!!!
Britain could encounter temperatures as high as 35C (95F) this week as balmy heat continues.
Thermometers will be highest in the south and east, according to current Met Office forecasts, but things look set to be cooler for the west and north of England, Wales, Scotland and Northern Ireland.

Sorry I've been out for lunch
Feel knackered now...

Yeah they do make me sleepy 😌

I forgot to add I take a handful of drugs before I go to bed, and two of them warn you of sleepiness

Crumbs, I went to bed just after 10:00 last night and woke up 09:45 this morning
Still feel tired

Morning
Sunshine again.......lol

Well the heat goes on, and next week it's supposed to get hotter again
That's it
Nite all
ZzZzZZZZZZzzzzzZZZzzZzZzzzzzzzz

Well he kept that part of his promise then

Changing his mind ?????????
Is he secretly a woman ???

That's a difficult question to answer.... or impossible

A lucky escape

Very true, but I was referring to city specialists not posters

President Donald Trump has endured one of the most controversial weeks of a tumultuous presidency, experiencing bipartisan condemnation for his struggles to take a tough stance with Russian President Vladimir Putin. And it appears the public, at least in the United Kingdom and Ireland, have taken notice, daring to place bets on the Trump administration meeting an early end, either through impeachment or resigning.

Do you remember a few specialists (idiots) were predicting gold to reach 10,000 this year!!!!!!!!! Unbelievable

On the website, I can't find the photos anymore,
Is it being worked on, or can everyone else still see them?

I can't even consider any exit strategy as there's nothing to suggest that it's going to be planned that way

Hopefully it will start pulling back next week !!!!!
Perhaps Trump can conjure up something to say