Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Why are you continuing to lie Richard? The share price is not 1.4p, it is 1.45p as was pointed out to you yesterday as well.
@makeabundle; cs is getting stick because he 100% deserves it. 5 months suspension over a fecking tweet, nomad resignation, mysterious investors, alexei selling his 27.4m shares, jorc shortly, nyud update, dfs approved 10 months ago, logik jv, rosgeo jv (where did the $35m raised for this actually go?) fsp, wk in maint yet evidence suggests otherwise, we've had ndas in place for 4 years but not had a single offer presented to us, the communications are abysmal and have been way before the ukraine situation. cs decided to put all our eggs in one basket and has no plan b. add in the court cases and god knows what else i’ve missed. cs took the position and the salary so he takes the **** when it goes wrong. he’s appointed people on the bod who are giving us feck all. cs is the issue and you have to be blind not to see that. a simple operational update would clarify so much but he refuses to give us one! in any other industry he’d have been hung up by his balls by now and held accountable but because it’s aim he’s doing as he pleases and getting away with it. i have zero sympathy for him as he’s showing zero for shareholders personal circumstances!
CTC says the sheep in trolls clothing that cuts and pastes information from websites and claims to be be the author.🙄 I know as much as you do you.
French Chateaux and trolls all round.
That I do know😉
Hi Richard
Don't agree with alot of your conspiracies , but your post below is bang on the money. When YJ were appointed last year many saw that as a bad omen,others said a sale was imminent and to not waste the boards time with pointless queries' farming out ecoms to a third party is never a good sign. It basically says we have no interest in your concerns,dels comments on their reply confirms that I'm afraid.
If the authorities are playing any role in the background in the sale of these critical assets you are not going to hear about it. They have said every sale will be examined in detail and that would include fair value, I would assume. CS may be taking undeserved stick as a result.
The Share Price is now 1.4p.
We've had this nonsense for years now.
The board are extremely arrogant and taking the p155 out of long suffering shareholders with this radio silence.
I know they won't come clean despite countless emails and phone calls. The Yellow Jersey were appointed to fend off long suffering shareholders.
I'd like to be positive and some days I am positive like at end of last week when BHP Anglo news came about, but the way this has gone over many years, I no longer am positive. We're almost halfway through 2024 and nothing.
Yellow Jersey were appointed because the board are simply not confident of anything significantly positive materialising in 2024.
Indeed tiffintip, you don't know anything.
I dont know why you bother keep opening your mouth, it's becoming embarrassing for you im afraid.
One thing I will say if these satalite images are to be true and EUA are working on or mining WK, they need to communicate it. Also if they have decided to mine and not sell then again it needs to be announced
Shares I don't think anyone can disagree with the poor communication, but we never discuss why it's the case.Many members vent there frustrations on this board and quite rightly but rarely do we have a convo to as why.
A casing point being the activity at Wk its unbelievable that we are kept in the dark but why why no news from the BOD.
Maybe it's a case of the tail wagging the dog, wtfdik.
...no one knows what's going on because there is no communication from the BOD.
It speaks volumes when it's shareholders have to get satellite images to try and determine what is going on.
What a shamballs.
EGM a for a subsidiary won’t be unimportant? It could literally be for anything big or small, there’s nothing to indicate either way at this point
He got the idea from TD2 that the assets are worthless. I spiked TD2’s heir and useful idiot away back last year. Never too late to relegate disruptive ignoramuses like that to impotence and anonymity in a green cage.
CTC and the relevance is ?
Wolfe I’m sure the same convo will be had in 2025. Final jaunt😆
STRETCH! AAAAAAAAAAARRRRRHHHH!............
HE'S A MIRACLE!
Earlier, I decided to read some of today’s posts without logging in…. I occasionally like to read the “opinions” of those I have filtered….
I was astonished by the content of a 13.24 post by spikey who seemingly wants to convince us that we (and the directors!) are invested in worthless dirt and gravel… this particular post should be remembered and held up as a classic example of the type of slack jawed, knuckle dragging rank stupidity that is sadly all too prevalent on here….
I was therefore pleased to read Lenoman’s 15.00 post in which he takes apart this ludicrous tosh and trashes it in a well informed way ..…. well done that man…
I refuse to be told by anyone that my investment here which has been built up over several years is utterly worthless, particularly by people who would in my opinion, struggle to find a page number in a book, let alone read it….
“ could “ be final jaunt - but hey you could read that eh 🤫
Final jaunt eh, IKN? 8th May TiCk ToCk
I.E - investing within Russia would have to be contravening sanctions irrelevant of monies held within Russia/cyprus held subs.
The resolution in itself is not a bad idea BUT, if EUA are “ mining “ currently OR it is the smaller % owner carrying out works, this is for good reason.
Forgetting why any investors think this should be the case, allowed or other …. The public statement of “ no mining “ in 2023 or 2024 is within a legal RNS.
We could argue “ stripping “ isn’t mining or “ stripping “ is technically mining due to the fact this work has to be carried out for mineral extraction, but there has to be good legal/deal reasoning to publicly state such.
My view of such is that why not carry out such works / smaller holder carry out works or even buyer/s making a little headway but not publicly acknowledging such based upon maybe sanction contravening/ bringing any authority’s into looking/ Russia wanting to see movement forward etc etc, there could be multiple rationale to such that’s for sure.
EGM for a subsidiary won’t be unimportant that is also for sure, coupled with many other factors over the last yr or so could be the final jaunt in this trip.
I for one wouldn’t want to see any development with this muted continuing with Monc area as this COULD risk any deal with any slight sanction contraventions based upon activity currently going ahead in WK but not publicly acknowledged.
I think one of the key frustrations is that the Board's official reasons for doing, or not doing anything, seem counter intuitive, like why should continuing to develop a mine be mutually exclusive from potential sale of said mine?
Then we have diligent researchers on BBs like this, who find way more plausible reasons, but the Board refuse to confirm or deny those.
It's the same with sanctions, what sanctions, we're not impacted just waiting on the price to go up before we sell any concentrate (like we control it...).
The rationale CS comes up with in official statements is just laughably bad, followed by silence for months on end. Its like he has given up but can't bring himself to end his salary and shuffle off.
The reason given for not producing in the interim update was:
“Site preparation work was completed during the first quarter of 2023, but due to the sale process being Eurasia's main priority, no metal concentrate has been produced at West Kytlim since the end of 2022.”
This approach baffled me due to the risk of running out of cash if no sale.
What did come out from the tax case was that the higher rate made producing unprofitable in some cases so maybe not producing helped to make the case that was eventually won:
“The unjustified application of the coefficient to the extraction of gold-platinum concentrate has led to the amount of the tax, which in many cases makes production unprofitable.”
https://www.pgplaw.ru/news/press-releases/yuristy-pepelyaev-grupp-zashchitili-interesy-klienta-v-vs-rf-v-ramkakh-spora-o-ndpi-pri-dobyche-zolo/
DLA Piper and UBS have been advising and Bern doing for years.
“ suggest war in 2022 had a major influence …”
? - in what way exactly ? - i don’t think bombs have been falling up there, yet ? - do you think that the war in ukraine somehow rendered the mine in russia unprofitable? - or do you think they couldn’t retain mining staff as they were all needed for the meat grinder? - or do you think sanctions prevent them from doing any mining at WK? - or is the metal ore just hiding deeper in the ground now because it’s scared now there’s a war on?
“ … potential buyers may have had some input…”
? are you are imagining that a potential buyer asked EUA to close down a [supposedly] profitable mine owned by EUA at the end of 2022, just while the potential buyer had a good long think for a couple of years (or more) whether or not to bid, but without actually making a bid or giving EUA financial compensation for two years of lost mining activity??
…. i very much doubt glencore or rio would ever agree to close down a profitable mine they owned for a couple of years + at the request of some third party who just wanted to spend a couple of years um-ing and ah-ing while they kick the tyres a bit.
Spikeyj,
Very condescending reply, wouldn't expect anything less, suggest war in 2022 had a major influence in carrying on mining, plus potential buyers may have had some imput, i don't know, just guessing like the rest of us.