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Guys for the sake of clarity here, it's not 20% that fail, it's 20% that succeed. Don't want to be misleading people. However it doesn't break down what % of these were started due to multiple parties being interested in buying.
There are 2 reasons for FSP
1. Financial issues
2. Multiple interested parties
We can probably safely assume the option we are in has a higher success rate than the other! So it's quite a misleading stat either way.
Cheers must be somethin on my end - sorry for duplicate & sorry for this sorry post, filling up the BB :)
Brookkers - good point well made.
Wolster - I can still see your post (and the repeat).
Exactly, we entered into a FSP from a position of strength, out of choice, to maximize shareholder value, not because we are on our legs with few options, far from it. II's investing at 22.5p during FSP is about as big a buy signal as I can expect to see.
Utter lol - my post gets deleted - WTF
I must be getting close to PP objectives.
OK lets try again.
MY ISSUE WITH Party Popper IS NOT HIS WHAT HE SAYS ITS HIS TIMING.
NO MENTION OF THIS STUFF AT 28p OOHH NNOOO, I'LL WAIT TILL 19p & THEN CRANK OUT MY NEGATIVES.
(Seriously Mr sensor what is the issue here)
Banjo
The 20% of FSPs that fail are distressed companies that are being wound up and have no interest from buyers.
That is not the situation for EUA which has entered a FSP because there is interest from multiple buyers (as per RNS statements).
PartyPooper
I think you talk a lot of sense regarding the sale of EUA. Over 20% of FSPs don't result in a sale. I think PP is just recommending some caution and realism. If the sale falls through I would think 12p would be highly likely. On the plus side, the BOD have so much skin in the game that a fall to 12p because of their failure to execute a sale would be eye watering to their personal fortunes too. Let's not shoot the messenger all the time. Not really interested in what individuals would do in certain circumstances (sell and take a hit etc etc) - that is really up to them. Personally I will keep my quite significant holding (2m +) to see how this plays out. I had no idea I could be so patient but I can and I truly think this will all end well. Not "Happy Clapping" - just confident and tolerant of other opinions. GLA
mac4671
re the difficulty in evaluating the company and it's assets, the reason for my comment was because EUA is continually adding value and that's where the difficulty lies.
Thank you for the link.
GLA
GLG - I wasn't going to post again today but to be clear, no I don't class you as a Ramper and have found your comments fairly balanced.
GLA
It has been clear that the BOD are open to a sale of assets for some time as they were talking to 2 parties prior to the mining event in Canada that brought in other interested parties which caused the FSP.
This is a liquid situation in that 2 flanks licenses have been gained since, more licenses seem to have been applied for and a lot of old data has come into the BOD's hands which they have stated they haven't had time to check yet.
So interested parties will be constantly catching up to a changing situation that makes the sale process more complicated and so will take time.
The BOD don't want to rush it and I don't want them to but there is no absolute guarantee of a sale, there is a BOD very willing for a sale which is what is important.
GLG - I get that the word doesn't end if there's no sale, I've said that but there's a lot of people invested who are not here for that so there's concern that's all. I'm off to let the Rampers hand out their pills.
Genuinely GLA
"GLG I'm invested, I don't want to be stuck in this for two years if the sale falls through, in that scenario I'd take a hit and ditch this"
And those of us that have averages in the very low pennies will gladly buy your discounted shares that you've kindly subsidised for us, and patiently wait for the even-bigger payday down the line.
Oh yeah so what’s your motive here mate?
They had one big marketing event (prior toCovid shutdown) in Canada, where they were showcased to the mining world..
GLG I sense suspicion now so I'm going, I'm sure the rampers will have finished their breakfast soon, there are no ulterior motives here.
I'm all for balanced opinions, but the last few days all I've read from you is how much doubt there currently is and how a sale might fall through.
Say whatever you want about me, ramper, etc but there's been plenty people who have come with the notion of a "balanced" opinion and then state that they are "holders".
A few weeks later, it turns out they've been trading and shorting.
GLG I'm invested, I don't want to be stuck in this for two years if the sale falls through, in that scenario I'd take a hit and ditch this.
GLG
Why are you here?
Crabby I agree, all positive signs, but a BB should be balanced IMO and this one isn't most days.
Gecko, I am pretty certain you are correct. Although Covid has impacted things, I think the FSP is just a shout out "any more for any more?". Some serious negotiating over a long period of time with multiple interested parties has to ensure a great outcome for shareholders.
GLG I've watched the interview 3 times, Dimitry is trying to attract investment not put people off, of course he's going to say that. It's certainly a positive sign bu that's all.
Also if a deal wasn’t being negotiated NDA’s or no NDA’s there would be more marketing put out by the company, CITIC & UBS to attract interest and buyers to which we have seen very little.
Remember this didn’t all start by EUA putting themselves up for sale, they were approached. If their asking price was too high the FSP would never have started and UBS wouldn’t have been appointed
GLG
‘It means FA..’
So what you are inferring is that there is a guarantee of a sale.... which of course there isn’t.
Yes a sale is IMO very likely. Guaranteed... absolutely not.
PP although you are correct, you have listened to the interview where Dmitry stated (Paraphrase without getting his exact words) for the VTB and CITIC RNS it is a standard clause any NOMAD would insist upon. However that investors should look at the assets and the size of the banks involved and recent deals and make their own decision. Well, I have definitely made my own decision.
GLG NO -it's there because there is no guarantee of a sale.