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I know quite a few posters on here used to swear CS is a decent person, but surely he’s now proved beyond doubt that he’s utterly useless as the Executive Chairman. The total lack of communication from the BOD has to put all their integrity into question, an NDA should not prevent them from giving shareholders a generic, factual operational update, all we get is YJ telling us there’s are no material changes! The question we want to know is why is there no progress? I will be voting against CS & any of the current BOD who are up for re-election at the AGM based on their lack of progress & non existent communication skills. At least Keith had the decency to resign, something all the salary thieves on the current BOD should consider!
Sorry Del but I disagree. Just because they haven't told us whether any progress has been made, doesn't mean that there has not been any. They've repeatedly told us that NDA's are preventing them releasing more info. What good will voting against CS do and who do you think will replace him as this (hopefully) late stage in negotiations ? Going by the satellite images and recent job adverts, there seems to be plenty going on. Also I think you'll find that the BOD may have decreased their salary - based on cash burn in most recent accounts.
You can’t please everyone. CS probably has to err on the right side of ‘official’ guidance.In case of doubt, be safe, say nowt.
Well said indeed Saint 👏
Corporate update expected this week. If not then hold onto your hats!
Flightless birds all round
Hi Del....this snippet from the 18th September 2020 RNS is an interesting one.....
"Christian Schaffalitzky, Eurasia's Executive Chairman commented: "This reorganization is designed to optimise our execution team. We are delighted that James has agreed to take on the CEO role. James's focus will be to work with our advisers on the sale process. Since joining Eurasia in November 2019 after completing due diligence on behalf of a potential buyer, James has got detailed knowledge of Eurasia's assets and he is of immense help both in terms of the sale process and in terms of demonstrating to the interested parties the strength of our own management team and its capacity to execute."
The alarm bells should have gone off when he did D.D for a company and said company didn't buy.
@Magnum; YJ told me that CS doesn’t intend to issue a corporate update as there has been no material change since the Dec one!
@Saint; I’d assume no material change = no progress. Ref WK, don’t you think the satellite images, job adverts etc contradicts what the BOD have told us previously yet as above no material change since Dec. NDAs have been in place for over 4 years so why would the latest ones signed in June indicate news due soon. CS if voted out could still offer advice as it’s in his interest to sell the company with circa 100m shares! I’m positive there's someone out there able to fill his current position who’s probably more qualified in asset sales, certainly better at communications and has nothing to hide from shareholders.
Another interesting appointment by C.S
26 Nov 2019 11:18
RNS Number : 7050U
Eurasia Mining PLC
26 November 2019
Eurasia Mining PLC
('Eurasia' or 'the Company')
Appointment of Non-Executive Director and West Kytlim Update
Board Appointment
The Board of Eurasia Mining plc is pleased to announce the appointment of Anthony James Nieuwenhuys as an non-executive director of the Company with immediate effect. James has held senior positions including Chief Operating Officer at Polyus Gold, and is currently Chief Executive Officer at South African Lesego Platinum Mining Limited. James has also held senior positions at a number of other key EPC organisations, so the directors believe that the appointment of Mr. Nieuwenhuys will be a great addition to the board.
In the Company's announcement of 16th September 2019, it was noted that the appointment of Mr. Nieuwenhuys to the board would only occur if a potential transaction with Lesego Platinum was to progress. The Company would like to reiterate that there has been a change of approach at board level, and at this stage, there is no intention to enter into any arrangement with Lesego, although both companies continue to keep this under review. Instead, the Directors believe that the experience of Anthony and his contacts, especially among PGM and gold producers in Russia, China and South Africa, could be beneficial for the Company as it continues to explore potential options for the Company's assets including a potential sale of the Company's mining assets. However, as previously stated, there can be no guarantee that any transaction, with any party, will occur."
The U-turn on the appointment of Mr N when it was previous policy not to employ him unless there was a deal is interesting.
@Del - yes it's slightly contradictory but I'm convinced that there is a reason behind it. I didn't day it indicated news due soon - I said "hopefully" as I believe good progress has been made. There are undoubtedly people out there who "could" fill his position but who in their right mind would join knowing that a sale could be imminent ?
CS has to go , hes sand bagged any potential sale for years. He should have been voted out last year but people for some reason trusted that he was close to getting a deal over the line , 'by the end of the year' , well egg on your face.
He just threw that load of b*ll*cks in there to get the votes to keep him riding the EUA gravy train to nowhere .
Anyone know the origin of the "sale by the end of Q1", posted on here several times after the "sale by the end of the year" didn't happen, please?
The appointment of Artem is another appointment that seems to have been pointless.....May 2022.
It's looking like jobs for the boys......my bad.....let's not forget about the ladies.....EUA's new company secretary.
It's a decent wages bill and not much performance by the looks of it.
The chance that eua sells is the same chance as the charity dodge pays his lost bet to charity. Which is practically none😂
EUAJAY is producing video presentations on YouTube suggesting that W.K is being 'mined' and there is zero response from the BOD.
In the past, the BOD have responded to media speculation that nobody could pinpoint or reference......not even the company.....yet no response to multiple video presentations including satellite
images suggesting that the BOD have potentially U-turned on stated strategy.
Prospective investors won't touch this with a long stick.
I think it is hard to argue with dels points on here. CS has delivered the square root of f all, saint can stick his head in the sand until the cows come home, but it is the reality im afraid. AC sold out and dissappeard, DS living it up in Wan Chai, Keith - bundled out, CS - another AIM CEO leacher💰💰, Artem 🤣🤣🤣🤣.
The parallels here to HZM are striking im afraid especially around 'NDAS', it can't carry on like this surely??
The possibility of Dodge paying his long overdue charity debt is zero so EUA's chance of selling, however small, is infinitely higher in the absence of an RNS stating otherwise.
Lol builder see your mate sharebel on 88e having a torrid time over there, twisting himself in Knots, and bringing out the classics lines, NT, Bids,MM etc etc Guy is clueless just chucks his money around , if he is in a share I am out.
Where is PJ by the way?
🤣 Sharbel is hilariously bad at ramping - always comes up with the same nonsense then blames the market makers, market abuse, anything except himself and his "significant holding" when he is inevitably wrong and the share price plummets.
I just posted to him on 88e.
He can't cope with being challenged for his behaviour.
Excellent post, Let1tbe!
Its very concerning and frightening regarding the similarities between HZM and EUA.
I see folks are yearning for the corporate update. Corporate updateswill be generic, a complete waste of time and pathetic!
COPL - another busted AIM company who liked to hide behind NDA’s prior to the MASSIVE SALE being announced. Completely dead in the water
Also ramped to the hilt by PJ and Sharebel until it went toes-up.
Now now Builder.....it's not Profitjockey's fault......the charts told him to do it.