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exactly Carlitto, the BOD will be sending another RNS informing the market that the instis have paid 26 for this, so don't be dragging us down into the teems again..not that i care one jot for the day to day bull
WA has shown the BOD what they actually have, and they have decided they need a bigger boat. up to the individual of course, but im only going to buy more if i can and at as low a price as i can...
Totally agree, though I do have a dilema....when to dip in for more :D
Find it hard to believe ppl are still being taken for a ride and allowing SP to control their emotions after all the previous madness experienced?
Some here have simply not learned.
Bought more on the dip……just taking advantage!
RNS yesterday shows the pie just got a whole lot bigger…..why do u think the II would have bought more if they could ?
Hold and buy more if you’re able .
Not interested in short term movements it’s the End Game what I’m here for !
Nice to see that the bod can exert control over the s.p.
It worries me not where the transient s.p goes, and I doubt it concerns too many that are invested in the company.
The individuals that are messing their pants appear to be those trying to be too clever in second guessing where the s.p is going, to make a quick buck by trading. They are the ones being caught out.
Ian...poor you. The 'breakfast in the cold' clearly wasn't a dig. People are here because they are interested in the wellbeing of their investment. My tongue in cheek post was that if I held as many shares as you, in an exciting time for EUA, I would probably have breakfast at the computer watching, with some excitement, my investment grow. As an aside, it's interesting that you remember that post, from some considerable time ago, but not the much more recent one. Selective memory comes to all eventually I guess.
Morning Hopeso,
You seem to want to have a go at me, so fire away :-)
I don't personally recall my post to you, but if we are talking about some time back, regarding the company prior to the NEW joint venture then yes I was restating what was within the past RNSs that dilution was in the past!
Since the J/V everything is up in the air regarding how much cash will be required going forward, but according to the RNSs again, the ongoing licence fee will be paid out of earnings going forward!
You had a dig at me some time back, saying if I held as many shares as I said I did, that I would not be having breakfast with friends in the cold, but watching the share price all the time!
Now, that is sad of you!
I'm not in the slightest bit worried about the day to day share price swings, only over the long term!
And every investor should reevaluate their investment when things change, currently, with EUA I only see great things!
Enjoy your day!
Another gift to buy more here at this price. £10k in both EUA and RMM this morning
Remember, Ian, not so long ago, that I suggested dilutions would take place, a little bit like circa 2000, and you dismissed me out of hand with something like 'It's a much different company now, they don't, and won't, need dilutions, they are just covering themselves'? You seem to have changed tack somewhat. I didn't ever suggest that they are in the same position as they were 20 years ago. You assigned that thought to me because it suited you. You position, quite unequivocally, only a very short time ago was that they don't and won't fund by dilution. Was that 3 dilutions ago? Ever wondered why people outside of your little band don't bother attempting to contribute to the board? Before Tillygirl jumps in........I have never said 1 adverse word about EUA, so, NO, I'm not a deramper and YES, I am invested here.
Tilly if your post earlier was a reply to mine I’m not a negative poster I’m just asking a question, as for being an exploration company that may be the case in certain areas but surely with 3 wash plants etc we are now mining.
And yes I am an investor who looks at balance sheets those who don’t are pretty stupid in my eyes.
Prepare the main sail
Blue horizon as compass reversal.
However expect gyrations
Rums all Round
Cheers next results should be interesting
Trapdoor opened
However do I smell a rotation -
Kipper
21-Sep-21 08:07:55 22.94 217,959 Buy* 22.00 23.00 50.00k O
Rums all Round
Look,
EUA is primarily an exploration company, as that is what it started out in life as!
It has burnt through £M in carrying out its exploration alongside Anglo American!
The only time it made a small operating profit was back in 2016 of only £1.22M!
It has been cash raises and dilution most of the time!
No getting away from that, as it is a fact of life for exploration companies!
But we invested in EUA when it is on the cusp of transitioning from Expensive exploration into a PGM miner, where it can make a large profit!
The negative posters only have to look at the company Fundamentals to prove their point, EUA burns through cash like nothing!
But, that would be the same for ANY Exploration company!
After the transition to a mining company, EUA can literally print money, if it all goes to plan!
This is the reason, we invested when we did, and not years ago!
Investors who only look at the Ballance sheet are not interested in little old EUA!
Only those who can see the future, and hope that the expensive cash burn phase is behind it!
Good luck everyone.
Topped up yesterday and average under 26... just sitting and waiting game now... let MMS do what
For reference vwap 23.2 to start
Rums all Round
Judge & all
All these recent shenanigans,
There’s obviously been a huge financial orgy of brown envelopes at the urinals with the mms, ii , brokers all slapping each other on the back 26 times
Rums all Round
seems to me mike two thing in answer to your question ! First the bod seemed to want to get this done asap so either they had a reason for the need for speed !!! ( wonder what ) or there may have been contractual time limits re increasedprice after the jorc! Second either us or the buyer will be ramping up production as fast as possible so its 6 and two 3's re production income, use it now for the jv aquisition, or use it for production increase later BOTH tax deductable so why not keep the powder dry if you have the chance ???? Aditionally the buyer may be buying part of rossego and so time could have been of the essence as they say :)
Good morning one and all, let’s hope for a much better day today. I see that there are two trades that have popped up this morning from 9:25 yesterday both for 100k @ 25p. As I said yesterday I see the placement as a positive with a caveat as it’s put the sp on yo-yo string for the big boys to play with. Everyone says that if you’re an investor the sp is of no relevance but it’s still not nice watching 10% losses when it’s obvious it’s just games that has taken it down.
Enjoy the day and keep hold of those shares they’re going to be worth a lot more soon. (IMO)
ATB Pete
Hi, Mike,
Yes, of course, all the company's profit is used up first, but unfortunately, EUA still runs at a loss at the moment.
Year on year the loss is getting smaller, but the exploration costs are large!
Last year the operating loss was 3.59M, we hope to be in the black this year!
Mike
The rns said that we have 3 wash plants up and running and the Q2 results are due by the end of Q3 so we should get more details then
Sorry Ian that doesn’t answer the question are we in production which I assume we are and if so are we making profit. If we are why not use the money from profit ( rather than have to pay tax on it ) also no need to dilute
Morning Mike56,
"just a question why not use the money from production profit"
They will Mike, we are all interested to see what the production figures will be with three washplants going flat out!
And when they get those Electric Shovels up and running, the world is your Oyster!
The quicker we get the PGM's out of the ground the more the company make per annum!
Everything going for EUA and its shareholders :-)
Morning all , just a question why not use the money from production profit
Morning, sax,Arsenalles,ikonw & all invested
Another volatile session yesterday , following another RNS unfolding the deal map & more to come
All the recent stock shenanigans & manipulation looking more orchestrated by the day , the RNS & undisclosed USA ii steering the stock price with strategically released info.
However all for the right reasons in my eyes as a Herculean offer looming with divi for all stockholders, all this cash raising with undisclosed ii & WA is for a reason , even full mashings sale still on the cards .
Hence all the ii interest in the share & the associated toxicity on this board chasing stock , I’m still picking Bot splinters out of my ass after yesterday’s nibbling .
Further RNS looking probable this week & the volatility will crank up further , just don’t get suckered in with the toxic trading it’s all connected to the final potential deal on the table , chasing stock at favourable prices .
All my musings
Rums all Round
Morning Sax and all
The wife’s birthday guess was right yesterday but not the one we wanted, did not post yesterday as there was so much cr @p on here yesterday
Just my thoughts on it, we raised more while we have all the assets so made it easier and gives us enough to buy the rest from Rosgeo which the buyer might have asked for. so we sell at least 75% making a bigger divi and they don’t have to save more of the sale cash going forward to EUA2
WA have finished the details and it’s more than 104m oz
The raise by Thursday completed so another RNS on Friday to give us more details and the possible sale would be great so Ian could you please put me down for this Friday 25th
Nothing in this company has changed ok we get less of the pie per share but it’s a much bigger pie as more assets
Last time we had over 50m share traded the following days the price went up so here’s hoping
As usual GLTA