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Someone with a big holding is selling. Who could it be. The issue with this company is the huge court liabilities that are getting pushed further down the road. If there was nothing in them they would have been settled by now. This company does not have enough cash to cover the size of these liabilities & would need to raise to cover them.
At this price the company could be taken over cheaply.
This technology is surely going to mean the company gets taken over ?
Is the major selling now finally done ???
Yes possible EMR could finance BKM but look at the deals they do and you see they mostly do big deals so beutong would be there prize is my view
No conflict here if they buy ARS or Beutong. The Chairman Tony Manini would not be able to be part of any deal or negotiation & also clearly any deal would need to have shareholder approval.
From my interactions over the last few days I believe the board either already have a deal or are very close to a deal to sell Beutong. This makes total sense as it would fund KSK. Other option of course is deal secured for whole company. Tony has already turned down $250m offer for Beutong so any deal would need t be north of that. The current drilling would probably have been done to show the high probability of a much bigger resource for Beutong, hence adding value to the deal.
Berenberg have started bidding now to take 1m+ shares. Clearly they must already have clients lined up to take them.
Berenberg been apointed to either get a much higher level of ii investment or I suggest look to split off KSK & Beutong (form two separate company’s) or sell off Beutong which would not only fund KSK, but would deliver significant cash into the company. On the basis they only appointed Liberum in March this year they could only have made this move of broker to support a much bigger strategic shift. Funding right now unlikely and even if they did I suspect it would be backed by JPM and The Directors so highly positive. There is clear intent from the BOD making this move today.
Understand BFS within 2 weeks. Beutong drills news imminent.
They had a bid years ago above 5p (that’s now £5) and since then they have advanced the pipeline significantly. At this price they are ripe for a takeover. http://www.citywire.co.uk/money/reneuron-roars-on-approach/a246049
Rumours that major pharmaceutical company’s are searching for exposure in exosome & Renueron seen as advanced and unique. Have to assume AZN or GSK would be obvious bidders & they could get exposure cheaply by buying RENE. Shame if it’s sold for less than £2/share
Beutong 80% imminent - will land very shortly
Expect to see financing/JV announced when BKM BFS lands in June. Expect company to be taken over within 18 months. Very clear the board are doing everything to add value to the company ready for a sale in the future.
Should not try and dress this up these sanctions will impact the deal and certainly even if it does complete it will be much more difficult to work around it. Have to hope Europe does not follow now as then the deal is off. Rhum is where the majority of the production is and the revenue so it’s a major blow.
The two best traders on twitter are buying into this in large scale so we have to expect that some of the 10k buys are them adding. It’s not often they are wrong, but remember it will move with gold price as well. If the company delivers on the 500,000 oz target and lowers the AISC as suggested then it is very undervalued.
CEO says on note to a good friend that he maintains his previous statement that the BP licence is progressing positively & he expects to update the market as per previous guidance. When this news hits then it will be very significant for VAST.
France, the UK and Germany, which are signatories to the Iran nuclear deal, pitched the sanctions plans to fellow EU member state officials at a meeting on Wednesday, diplomats said. The discussion did not involve a detailed analysis of potential sanctions, which would typically involve travel bans and asset freezes against individuals and institutions, or a vote on whether countries were for and against.
Let’s be very clear if the EU also impose sanctions the deal is likely dead. If that happened with Erskine offline the SP goes back to 15p or below. It is a real risk which has got a lot higher this week. This is what Tony Craven has said: "Getting an OFAC licence for Serica to assume operatorship of Rhum is part of the conditions of the transaction with BP," said Serica’s executive chairman, Tony Craven. Although BP renewed its own OFAC licence for the field in September, just a month later, US President Donald Trump sought to reverse Washington’s more conciliatory position on nuclear sanctions against Tehran. US Congress will vote next month on whether to re-impose economic sanctions on Iran after Trump decided in October not to certify that Tehran was complying with an earlier deal. "A snap-back of US sanctions is a risk," acknowledged Walker, though he added that this need not necessarily affect Serica’s operations at Rhum unless the UK and EU also change their stance.
U.S. threatening severe sanctions on Iran. If the EU impose sanctions as well it’s a serious threat to the BKR deal. Rhum is the major output not Bruce so any Iran sanctions & Rhum shut down again as it was before.