Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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No way this is a scam. Only mild concern for me is with the length of time involved ( for good reasons ) and one of those reasons being the number of known players involved ( this excludes the potential buyers past and present) the uneasy fact that nothing , absolutely nothing has leaked to date.
Obviously not just to us but the price makers and the other city boys . That does not sit comfortably
In the top 25 shareholders I can only see CS with 3.09%
DS has a large holding but he isn’t on the bod anymore.
Look at Eua Director Deals and look at how much they have invested !
It means the board of directors personally own 50% of the shares in the company, so it very much in their own personal interests to get the best deal possible for shareholders. This is critical on AIM; look at the likes of David Budd at Genedrive for example. He's apparently on £400k a year salary, but holds only about £50k worth of shares, so his interest is very much in keeping the cashflow rolling in for his salary and bonus, even to the detriment of the shareholders, typically via sub-market price placings that massively dilute the shareholders but give his balance sheet a glossier look.
Keep seeing lots of posts stating how much skin the bod have in the game. Even some posts stating as much as 50%.
What is meant by this?
Stock been in a tight trading range for 7 weeks vwap - 22.8 - 24.8 in this time .
No sell off
No upward move
Simply sidewards trading in very thin volume
USA ii in @ 26 .5 twice & wanted more . - the stick sits just below this .
ii reshaping there portfolios some sells some buys overall in last 12 months increased
Over 50% of stock with BOD & ii
WA, Piper ,UBS, all heavily involved & for Donkeys
Banks been involved for 2 yrs
RNS unfolding the deal map & JORC expected
Some serious flapping on deck & spurious crazy claims of scams etc , what a load of Boll0cks !
Frustrating perhaps peeps patience running out & tempers fraying , not a good concoction for investing .
My musings
Rums all Round
Morning all, hope everyone is keeping well. Wow, some incredible points of view being made, which of course everyone is entitled too, but I cannot see anything untoward. The JORC will be out soon, alongside a predicted valuation for the lovely stuff in the ground, or there maybe not as much as we expect, who knows, unless Wardell Armstrong have a finger in the 'Scam Pie', which I doubt. Anyway, will continue to hold, god willing we see some sort of conclusion soon and my faith in the BOD was correct, have a good day to you all.
close to 3 quarters of a billion bod owned shares !! Now what return would you expect for tying up 50 million of your own money for getting on for ten years ??? Dimitri has done that !! In the bank @ an average of 3% the profit on 50 mil would be 17 million $ or £ whatever the denom !! Thats 33% gain lol you think Dimitri got that rich by being stupid ? I would expect a risk reward of 5 x minimum if i were to tie up that much cash for that long !! as would any venture capitalist ( more like 10x for them)
So draw your own conclusions but thats what dimitri has personally invested in this FACT ( sorry de ramper i know fact is a four letter word ) my bad.....
cj62 - I’m not saying EUA is a scam at all! Every point you make I agree with, with the exception of the forward selling. All I’m saying is that there is some serious shenanigans going on whilst EUA close in on their goals. That is what doesn’t surprise me. It certainly doesn’t make me relax but encourages me to believe sp movements will definitely be manipulated up and down by quite some degree. I just don’t believe the rampers who suggest this is all good and can only go in one direction. Ultimately the value of EUA will go up significantly but when is the question. Speaking of’significant’ or ‘massive’, we’ve not heard anything for a long while about a special dividend being offered up. So i guess the other issue I’m not completely convinced of is the potential sale. If all the figures being mentioned are real regarding resources then I’d be amazed if the BOD, esp in the case of DS, wouldn’t mind waiting an extra 4 or 5 years to make another billion or two…
What ever your strategy is here, good luck with it.
I'll applaud the BoD if this is all a scam - because its not us ordinary PIs they have bamboozled (the minnows and anonymous) but this lot ... but maybe they are all complicit as well. I'm buying the movie rights!
https://twitter.com/iMuesliBrown/status/1442219093805912069
If it were a "scam", I'm sure the BOD would have got out when we were near 40p, regardless of the legal ramifications.
Lots of big players still involved, in a complicated deal, that sadly is taking a long time.
Hopefully, this means it's going to be a big deal otherwise I doubt the big boys would be wasting their time on it
Well I have to admit if it is it has to be the greatest and longest ever done , move over Bernie Madoff.
Why do I think its NOT a scam :-
1. The fact the II s have pumped a good few million in recently and NO Roger I dont think they have forward sold
2. UBS being engaged for 18month +
3. DLPiper
4. JV with Rosgeo basically the Russian government
5. Wardell Armstrong Engaged since April
6. The BOD including some very big hitters from the mining world James & Christian
7. The BOD hold a HUGE amount of shares so theirs and our interests are aligned
These are just a few of my reasons for believing its not a scam and if it was well they deserve it because its taken them 20 years to undertake, fool some rather large institutions , banks , agencies and the Russian Government to boot.
This is just a waiting game, so its almost 2 years since I boarded the good ship Eurasia and what fun its been. There are a couple of things I have learnt in that time , one being patience and the other is there are some seriously sad individuals out who bask in anyone's failure.
Anyway GLA and hope we disembark this great vessel shortly !!!!!!!