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I’m sure UBS will be happy about that considering they’re working on a no win no fee
You’re assuming that the non binding bids were made on the 14th Jan they could of been made way before that my rekoning the bids were in when eua released the 2.9 rns possibly at the request of the take over panel
Everyone’s knows how fast the sentiment can turn here, mms know that aswell and will move just as fast in the opposite direction
Based on 15moz at $2000/oz pd gives 30billion
10% =3 billion
That’s not including a whole list of other metals or exclusive zones plus wk I think we could be looking at 5-7 billion even that is dirt cheap for the buyer
My thoughts are this is all to with tax! And you’re right having been to limosol in Cyprus it is predominately run by the Russian mafia.
Join the dots
Once they’ve allowed the iis to grab shares
100% mate exactly my trail of thought
If these shares had been dumped on the open market I might be a little worried the fact that a highly respected institution in Russia has taken the whole lot at 29p says it all to me.
The bod have said in an official rns that would have. Had to be approved by the nomad and no doubt ubs that the money was required for a critical cash call.
Honestly I don’t know what people are worried about
That’s interesting
Also to add he will close to the sale and privy to insider information therefore this transaction would have to of been agreed by ubs piper and citic. Hence why it was released on a form DD and not an 8.3 which it would of been if he had nothing to do with the sale. People need to get a grip panicking on aim will loose you a lot of money
He sold his holding in WK through a company.stop panicking people reasonable explaination of this is to facilitate a sale
Markets finally realising this is grossly undervalued
Very few shares in issue here, good news from Amapa and this will rise sharply
Bidding war for sure
I’ve got to say I’m all for the later haha
Just some fag packet calcs here but:
30moz PD x $2000 (rounded) =$60bn
WK was estimated to be worth $500m before the expansion and extra Liscence
Conservative 10% of in ground value $6bn 80% of it is $4.8bn plus $500m for wk gives $5.3m Buyout
This is discounting any rhodium and not adding value to the exclusive zones and is only based on what we know. You can see why people’s valuations of a buyout are pretty high.
Personally I think there’s a lot we don’t know and we may be in for a big surprise
These guys are full of crap! Would take what they say with a pinch of salt. 2 billion in ground value for MT I think they’ve got that wrong, majorly wrong... idiots
Well there you have it “likely went with GIP” truth is no one knows and it’s all guesswork but with NDAs in place is also a likely reason information regarding MT is being held back
I’d just like to point out that the 15moz is only selling down to 200m as far as I’m aware. Plus we know absolute precision have been involved somewhere since April. Let’s see but I think we could be in for a big surprise here
For a breakout now the weak have gone