George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Well there seem to be a few 'dogs' on this board ... take yer pick.
" a bitter old man who couldn’t live with the fact he had missed the boat. "
You've got at least 1 of the above absolutely correct
Spikeyj was on the trade floor in the early 1980s. You do the math!
He seems in desperate need of interaction.
To get that, he will continue to be negative.
I think he needs to get a dog
gmf, it was del, not me, who raised the issue of sinosteel contract
activation in his 19:09 post. so you may think sinosteel is of “little
relevance”, but del seemed to think it was relevant safety net/ plan B.
We specifically benefit from - "You benefit from a first-class, one-stop advisory and execution service."
Spikey doesn't as spikey isn't invested lol
GLA
I have him green boxed, but the UBS M&A is very straight forward, especially the advice for sellers bit -
https://www.ubs.com/ch/en/swissbank/corporates/corporate-finance/m-and-a.html
GLA
Spikeyj, everyone on this BB has seen right through you, TDT and a few others. It’s laughable that you still think your having any kind of affect on peoples views. Your now going back to 2016 to try find something to cling to. Do us all a favour, phone EUA up on Monday and ask them, then take a few weeks off this BB to try find something to invest in and focus your time on.
I think what others are trying to say, is that there is little relevance left in wondering what the conditions may or may not be. UBS were not brought on board to help EUA figure out how to activate the SinoSteel contract. They were brought on board to help secure the best bids and make all genuine investors better off than they could ever have imagined.
Similarly with WK recent production figures, wondering whether we have mined 1Koz, 5Koz, 10Koz or even 50Koz in 2020 doesn’t come into the equations of a sale of 15Moz.
All eyes should now be on how the bids pan out. So try finding a negative angle that actually relates to the process ahead...
Hey Spikeyj.......get a life.
curious, how is it a ‘negative’ comment to wonder
what the conditions are for the sinosteel contract?
(it’s in their own RNS back in 2016 that there are some.)
and how is it ‘negative’ to wonder what the
recent production figures & sales are from WK?
Because I wanted to. Just like you alway want to post negative ridiculous comments on a share your not invested in.
so why bother with your question at 19:09?
Just putting it politely. If your short you’ve lost. If you can’t see that then sorry.
TDT, I’ve no idea and to be honest am not bothered because I’m confident there is plenty interest in EUA. You and Spikeyj and a bit of a joke as you only ever look for the negatives. If you were concerned about that point why did you “supposedly” invest in EUA? You both really are clutching at straws and have lost all credibility on here....
Is it snap because you are the same person??
19:47, snap!
hello del.
it’s hard to know when they would run out of cash unless they provide
some financial data about current production figures & sales from WK.
re activating the sinosteel contract, sure, *might* be an option for them,
but again it’s hard to know unless they clarify what the conditions are
for activating that contract with sinosteel. do you know what they are?
“The contract is conditional on, *amongst other things*, the Company receiving all the necessary permits from the government and therefore at this stage there is no guarantee that the transaction will complete.” (RNS 10/10/16, emphasis ** added by me.)
Spikeyj, how long do you think it’d be before EUA ran out of cash? Don’t you think they’d maybe just activate the Sinosteel contract if no one offered an acceptable purchase price and have plenty money coming in. Look forward to your response and thoughts.
Hi gfd, I was thinking along similar lines then your post popped up! plus I wonder if the powers that be, in Russia are holding back on the final flanks process until NN get their finances in order.
I think thats why DS has personal £1m 'loan' in place - to safeguard against cash flow becoming an issue.
best way to pick up the assets on the cheap would just be to
wait for it to run out of cash. - cashburn remains significant,
with no figures produced to show that WK is generating any
meaningful +ve cash flow. (if it was, they would have said, imv.)
a month or so to go until the delisting date, unless they manage
to secure an extension, or unless they finally manage to fess up
about what was really going on with CITIC (if anything). i guess
that AIM will be pretty generous about granting extensions to
companies where covid19 is delaying whatever needs to be done
to resolve a suspension. ...but hard to see why covid19 would be
making any difference to this company coming clean re CITIC, imv.
Hope you are wrong but that might explain why it is taking so long. Things in Russia are not as straightforward as they would be here.
It's a good read gmf.
I'm of the opinion that Dmitry will do exactly what is best for every shareholder, he has so far and looked after all the little guys like myself.
It's quite some holding that the BOD have here, has always shown confidence -
Directors - 555,217,013 20.37%
"Mainly for his assistance with Lesego Platinum to ensure Mr. Churakov's motivation and to avoid dilution of the other shareholders of Eurasia, Mr. Dmitry Suschov has agreed to transfer 25.472% of the share capital of Deloan Investments Limited, a company beneficially owned and controlled by Mr. Suschov and holding 275,377,066 shares in the Company (11.07% of issued share capital) to a company beneficially owned and controlled by Mr. Churakov for a nominal consideration. Accordingly Mr Churakov is deemed to have an indirect interest in Eurasia shares through this holding."
https://www.lse.co.uk/rns/EUA/eurasia-mining-plc-senior-management-team-appointment-i84vpyiztdgkr4i.html
GLA
Wise words Tiddlor - whatever UBS and BoD decide the next step is will be what happens. They’ve played a blinder so far.
Obviously would be great if tomorrow we got told someone had bid £2 a share for the lot, but if there are a few more steps to get the rewards I’m fully on board with the reasons why.
I'm afraid I have to agree with GMF here guys.
I simply can't see it happening any other way.
No board would sanction a $5bn bid on a £200m mcap.
The best deals will need a higher SP to force the bids up.
We need to resume trading to achieve this.
The reason we were suspended, was to clarify the CITIC relationship.
It is now obvious the suspension took so long due to the complications UBS brought to the party.
UBS is now in the public domain, so should be a simple matter of confirming our relationship with CITIC.
My guess would be that the NOMAD is breathing down the BoD neck's to get this sorted sooner rather than later and we will resume trading when it is. You cant just choose to be suspended.
As for the Sino deal, it's a great bargaining chip agreed.
But there's no way our board want to actually begin mining MT.
That was an interesting read GMF78. Whatever makes me the most money will be good for me. I'll trust in the bod and they'll be getting advice from UBS as to the best course of action. As you say, it's not in our gift. Either way suspended or resuming trading suits me.