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Ab... We'll have to agree to disagree. First of all we have no idea of the holding of shareholders posting or contacting EUA. Secondly, in my opinion, any negotiator would use any negative at their disposal to strengthen their hand, however minor.... every little helps.
Aubrey, why would a LTH holder who recognised the potential of this share and has been investing here for some years want to desperately sell out as you implied? Do tell as one of the idiots on this board I would be delighted to hear you enlighten me?
Hi, Penguinz,
You have highlighted some things and again drawn your own conclusion, first "as was the trouble of finding a new nomad" you are just guessing there was a problem, one resigned giving notice, which they would not have done if they were in any way unhappy with the company and just walked.
The new nomad did their due diligence but it took slightly longer than the company anticipated but was in place as they said on the due date.
The company never came close to delisting, if you walk up to the edge of a cliff you do not have to jump, same with this company, it was never going to delist, it was building new crew shelters and purchasing new trucks and plant, the fact the company used up all the available time to a deadline is not a reckless action at all, just good time management.
It is all in one's mindset if you think the company is doing wrong you will probably end up believing it, at the moment I think the original suspension just occurred at a convenient time and the company just kept it up, the COVID extensions are playing nicely into their hands and assisting, we know work is carrying on as normal, we have satellite imagery from A1ex to verify that and backup satellite imagery from Tony, we have flanks licenses, Tipil licenses, everything is slowly coming together and we are all, or should I say the positive holders are all thinking along similar lines that the company will release all this great information at the same time to reinforce the stock price and not let it fall.
Everyone is entitled to their opinion on how this is playing out and I have stated that some people now due to COVID and employment problems may need cash urgently, that is not mine or the company's fault as everyone is accountable for their own financial planning and should have planned accordingly if we listen to Matt he has sought a business loan since being short of cash and gambled it on more AIM stock, he appears to have got off lightly and not lost, but I don't think any bank would concur with his reckless actions and is extremely likely to be against the terms and conditions of the loan!
You have your view and I have mine, we will see who is right in the future.
Have a good evening Penguinz, and good luck..
Totally agree with this Aubery.
Matt/Penguin
The proof will ultimately be in the pudding. We are shut out from selling or buying which is the best way of showing support or lack of. Folk wanting out can’t, folk wanting in can’t, lol.
But for many of the jokers on here to belittle folk who are critical or negative makes me think they have an ulterior agenda, they are the ones who are desperate to sell after their rampathon.
Any sane investor here would be curious on many levels and would not just assume the positive (Where there is uncertainty) and always give the benefit of doubt in favour of the BoD. Like the idiots on here do.
tb
(Minor) Shareholders getting restless will have FA bearing on any discussions.
Not much positivity there Pingo. To a point I understand shareholder frustration but what I can't come to terms with is the constant clammer from some quarters for an update. My view is that every whining post/email/phone call only builds pressure on our company to complete or finalise any deal ASAP and strengthens the hand of any potential purchaser or partner. We all completed our due diligence prior to investing and have all had to sit tight for a period of time but now is a crucial stage and we must sit back, support our company, remind ourselves why we invested and trust our BOD to bring home the cabbage in due course. Patience, patience, patience.
Very well said PenguinZ, my thoughts to a tee.
I don't agree with that Ian. Yes we can blame the social media tweet. Was pure stupidity, I dunno what that guy was thinking. However if EUA had been able to clarify the involvement of citic, we would be out of suspension. What the tweet did is highlight an issue. EUA themselves told people they were working with citic before. It is now their problem which they have failed to resolve for 5 months.
As I said I do not think the company is malicious. I'm not trying to accuse them of wrongdoings. But I am disappointed that it is taking so long, little to no updates.
Delays are a negative. Coming so close to delisting is a negative. Originally quite a few people thought it was the no nomad reason to we continued to be suspended but it turns out that's not the case as we are still suspended after a month. It is natural that people should vent or complain after bad things. We can not pretend they are not bad things. As I've said in terms of official things, stated in the RNS since the suspension there is very little to be positive. People are listing things which are not fact/guarantee, there's no fact a deal is about to happen, "talks and negotiations" is not the same. The stuff I believe Alex posted is encouraging, but it's not official per RNS.
Any other aim company were suspended for 5 months, people would be complaining. EUA is no different, it's a share. Which is why I find it extremely strange people go and attack those who find this disappointing, they are well within their rights. EUA has potential for sure, but that doesn't make it so that anything negative that comes along can be flat out ignored or brushed to the side. It is extremely worrying the length of suspension and the constant delays, as was the trouble of finding a new nomad.
Penguinz - If i could choose to invest again at 7p, knowing this is the position we’d be sat in going into July, I’d have invested much more than i did. If you’ve invested more than you can afford to lose then that’s on you, i for one invest with the intention of it being an INVESTMENT. If your intention was to trade i suggest staying away from AIM. Let’s see how many people are moaning at the BOD once they finalise an MT deal or Company sale multiplying your money x fold.
Penguinz - fair point - all legit issues
It has been a while, we are overdue for some news, or at least some consistency with the communication / time estimation.
As much as I still hold out for a positive outcome, right now things are a bit of a black box with a whole slate of issues
Hi David,
Thanks for your considered reply, and I would agree with you regarding the rest of his post, yes no one foresaw a suspension for so long and with the added problem of this COVID virus causing mayhem with employment and cash being required urgently, it has caused problems for many I'm sure.
Oh, well, tomorrow is another day.
Do have a good evening.
Ian
Hi David,
the viewpoint that Penguinz tried to portray is starting off with " don't see the problem that the board are creating for shareholders" as per the RNS run, this board did not start this problem, and that is the crux in blaming a company outright when it has done nothing wrong that can be proved up to this point, it was a social media 'presumed' tweet that started this off, not the company or its board of directors. so to blame the company for this suspension is wrong until it can be proven otherwise, and that is what is wrong with Penguinz post...
Matt007,
I understand you have capital tied up here, so do the rest of us. What I don't get, is the constant ranting, moaning, complaining, by doing so, what have you gained or achieved?
If you feel hard done by the company, take it up with the appropriate authorities, or sue the company, otherwise be patient and wait. Nobody knows the duration of the wait, company is suspended and we can do diddly squat!
All we can do is wait and hope one day our patience is rewarded.
Regards
Kammy
Penguinz, you posted, " They don't see things objectively." on the contrary I think you will find we do see things objectively, and you are the one that doesn't. ..
PenguinZ
There are some mighty assumptions from you there, perhaps the Z on your avatar stands for Zero, which is the amount of investors on here, that believe a word of what you just posted
It's unacceptable behaviour from the board, Matt.
A lot of "positive people" don't see the problem that the board are creating for shareholders. People who have put their money have to check constantly whether EUA has suspended/released an RNS today. When it suddenly unsuspends, price will probably crash and you'll need to get your money out quickly. Hence it's not a good mental state for holders who hold a significant amount of money in the share (whether they can afford to lose or not). There's no time frame, it could be tomorrow, it could be months away. Shareholders have had to deal with this for months as apparently EUA was always just round the corner to sorting stuff out. If there is no deal, that price crash is almost guaranteed to happen at this point now.
Perhaps some people try to be positive as they want to encourage others to hold the shares while they sell theirs safely. That's also a possibility. Some just have their head buried in the sand, doesn't matter what EUA do, they'll sing their praises. They don't see things objectively.
I don't think the board are malicious. They probably just have issues they are struggling to resolve. This isn't a common situation and any other share people would probably be trashing them. But this was hailed as a once time in a lifetime share, and has got more hype on this forum when it was unsuspended more than any other share for some time. People are desperate to be proven right, they'll ignore a lot of negative things as a result. If people could choose again whether to invest or not knowing they would be suspended for more than 5 months for officially over a "clarification with citic", I doubt even 10% would have invested in the first place. We just have to hope now things comes good, we're kept in the dark and only have faith to hold on to.
Well if he’s gambling 15k in another aim stock things can’t be that bad ay. Guna call BS on his total whinging on this board. In the bin you go with the rest of the disruptive posters
Try the casino next time Matt
Matt, you'll change your tune in a hurry if a deal is announced.
Would you prefer to top slice today at 7.2p or hang on a while longer and get 78p?
I have seven figures tied up in here ... If you include the decimal point.. :-)
Matt007 15:56 Whose crying? I’m 48 for gods sake, haven’t cried since my mate died. I’m just very frustrated as I’m sure even you can appreciate having so much money tied up for so long was very unexpected. I would have too sliced had I known obviously. I am annoyed that the timescales are now sometime in the next six months!!! Is that not cause for frustration??
No, we can see from the RNS's and Sat Imagery that things are happening... Stop bloody panicking man... And as for getting a business loan and investing that, well, it appears you are chasing pots of gold at the end of the rainbow.. I wish you well, but that is honestly not the best thing to do....
Agree Carlito - making a mountain out of a molehill
Yes I got a business loan, only thing that’s kept me afloat. Things are not as dire as they were but I’d dearly love to see my eua money again.
See a lot of people panicking about an RNS for extension.......really ? .......its not the end of the world !
We have a nomad and new NED.......I'm calm and not at all panicking.
And yes i have six figures tied up in here !