Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
Jolly,they are no mugs.Good times beckon.
Riddler,right to bail first thing.Followed this but so glad I didn't invest in SNT- always concerned when ' great pipeline of business' message repeated without conversion into actual £££ + new non exec in board heralded as big news.RNS this morning doesn't read well for a company operating in a now crowded sector.
Provided they bring out a positive conclusion in next RNS for 2nd airport security contract I can see WSG doubling from here.look at the tiny market cap .If as planned they generate recurring earnings from anther LT contract it has to rerate.Nice tick up on CUP today.I also like TPET & AFF.
I know you are a shrewd operator with a penchant for a O & G junior.( sounds dodgy).Question : which one is currently your favourite child? have a look at Cupid- over reaction from the uninformed herd which should bounce on good earnings update March 5th?
What's the credible source for your $500million?! I very much doubt board would turn down a bid significantly higher than their own estimates of current value( see AFF website presentation).Its worth reminding ourself of bod make up & quality.Again see website for biographies.I like the blend of independence( from management),expertise & experience.
I want bod o negotiate the BEST deal not the fastest.We are talking about a word class asset which will generate free cashflow for decades...and thankfully several parties are interested..
I think that's fair.However as long as they pay circa £1.40 I won't care.Whoever buys it out or takes a partnership position has years of toil & risk ahead and deserve significant ups1de.
because no one has dropped out.My hunch is IMMC might just pull it off.Last year they confirmed that they were assessing the best 'first' venture with Chinese Rail materials(CRM) group.What could be better than AFF....a company the new CEO knows initimately with proven huge reserves of excellent grade in a relatively safe African country.
Thx,CEY has done wonders for me.I am out again hoping to buy back in if adjournment occurs on 6 th..Even if this doesn't happen I might chase CEY up as its definitely worth a quid. Like the look of BHR or JLP?
Doesn't look like palm prices set to recover early 2013 as record Malaysian crops .Also last nbpo RNS sounded a tad negative.Doubt it will hold 500 .SO dependent on palm oil price outlook which again due to over supply & concerns about Chinese demand won't pleasantly surprise.Its all about trying to call the bottom as nbpo will recover.
You are right but as the great ice hockey legend Wayne Gretsky said..you have to skate to where the puck will be.?investing in AFF dies that.It will deliver big based on excellent prospects & fundamentals.Deals like this always take time.bod has a responsibility to get the right deal & certainly cannot negotiate in public.
Worth reminding us all that approaches have not been vigorously rebuffed by bod.So a deal will be done...in the long term good for all or in short term a traders paradise?The challenge is to hit that sweet spot where everyone s happy.Personally I like £1.40 ish buy out....50% premium from where we are but 50% discount to minimum long term value( with a lot of hard work ahead).Win win?
this is a great opportunity medium to long term based on the world class,proven iron ore resources.Reading the Australian article suggested to me there is increased uncertainty on the other takeover rather than it is definitely off.The rail link WILL be built.Ask yourself why not? I would not be surprised to hear a Chinese state conglomerate with rail & mining interests is sniffing around in the AFF negotiations.Day traders will be getting ants in pants but investors can chill.
Thanks for the heads up before results.Glad I bailed....very disappointing summary.Restructuring savings unlikely to cover core sales & earnings decline.Only wispy washy outlook from CEO.Struggling to see what Woodford sees in it.Yes nice divi but what's the point if screen already shows a capital loss(£1.28) bigger than Feb divi(£1.20).
Do we know what the banking covenant conditions are? Be very sure the banks will exploit uncertainty to beef up their margins which won't help recovery.Uk metal/ scaffolding market in 2013 will remain in doldrums & India is always a tough nut to crack( recent devaluation & perennial challenges of repatriating cash to UK). My position hasn't changed...buy but not yet( will slip into 60s)then tuck away,Ask yourself whats the hurry in buying in now?The last RNS demonstrated they haven't a handle on how bad internal problems are...and you can be certain new CE will do the smart thing( for him or her!) and load up the kitchen sink.