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You haven’t thought this one out have you Stretch see below.
Pwlx, we had funding to the end of Q1, the tax refunds (staged payments) funds us to the end of the year. We still haven’t had any updates on a buyer assets or concentrates and you want to commit the bod to spending the money we need to survive. So if we commit to this spent how do you address the money running out at the end of the year?
Whilst I appreciate the sentiment behind this, would it not be a foolish thing to do if the company is unable to sell the already mined resources due to increased cash burn?
Dietch, your points are entirely logical and well made...
To whom it may concern
As a Shareholder in Eurasia Mining holding TWO HUNDRED THOUSAND shares through the broker HARGREAVES LANSDOWN, I am writing to notify you that I would like to exercise my right under the Companies Act 2006 to request a resolution be added to this year’s upcoming Annual General Meeting. The proposed resolution reads as follows:
“To commit the Company to continued development of its Monchetundra license area and end the current ‘care and maintenance’ approach, notwithstanding a binding or non-binding offer to purchase this asset having been announced to market within the next 6 months"
Although I do not own the 5% of the issued share capital to force this action as an individual member, I would like my shareholding to be added to the tally of other requisition requests for the same resolution, assuming these collectively reach the 5% threshold.
For a couple of months now, a small group of us have been preparing a resolution to be put to shareholders to vote on at the upcoming AGM to be held most likely in June or July. The resolution we would like to vote on is aimed at ending the current period of stagnation during which we are neither developing Monchetundra or making any tangible progress in the asset sale.
The resolution reads as follows:
“To commit the Company to continued development of its Monchetundra license area and end the current ‘care and maintenance’ approach, notwithstanding a binding or non-binding offer to purchase this asset having been announced to the market within the next 6 months.”
In order to add this resolution to be voted on at the AGM, investors holding a collective total of 144 million shares (representing 5% of the issued share capital of the Company) need to request this resolution be added to the meeting agenda.
If you support the idea of this resolution being put to shareholders for a vote, please copy and paste the email which will follow in the next message to info@eurasiamining.co.uk and copy in the Company’s solicitor (Simmons & Simmons) at the following email address: felix.zimmermann@simmons-simmons.com
There is no guarantee that we will generate the numbers required to succeed in adding this resolution to the agenda, but given the support we have received so far we believe it is possible. Some feedback we have had is that people would prefer to wait until the 8th May Kosvinsky Kamen EGM has been and gone before taking any action. This is understandable, but please bear in mind in order to add the resolution to the AGM it must be received by the Company at least 6 weeks prior to the date of the meeting, so if you support the idea of shareholders being able to vote on this proposal, you will need to send the email before 12th May. We believe there is no harm in sending the email now; if the KK AGM does yield anything tangible, there is still no harm in adding a resolution to the AGM to be voted on at the end of June or in July.
PLEASE NOTE that in the email there are two sections (those in bold and Caps Lock) which you will need to edit and personalise before hitting send, to add your total shareholding and the name of broker(s) through which you hold your shares.
We realise there is no way to copy the email from this group. It will also be posted in the EUA Daily Digest group, in the smaller Eurasia Mining chat group, and also on LSE for people to copy from. Alternatively just DM me and I’m happy to forward it on to you privately. The wording of the email will follow in the next message. The wording of the resolution must be exactly the same in each email for it to count towards the 5% threshold.
Dietch666. Most disgruntled investors here are that far down that there's little difference between losing the lot and holding out for a miracle. I hold but think the BoD has shafted us but I'm not giving you any of my shares.
KOC well accordingly to the negheads, no money is going to be made so even 100% of nothing is nothing. Just goes to show all talk from that side of the fence.
Dietch666 proposing a charity arrangement which will would give him a bigger percentage commission than a chugger gets. IKN must have drafted this plan 😀
CALLS, you make me laugh, it is a case of put you money (or shares) where you mouth is, why would you hold on to shares that you perceive as going to fail. That is bad business sense surely? Which then says more about you guys than anyone else i feel.
Hahahaha…it appears the rampers have now ran out of money and are trying to persuade others to give them free shares…made me chuckle
I table this proposal. Those parties who post on here and that are adamant that this share is only going down (according to them) that they transfer all there shares to me as there is no point keep hold of something which you feel so strongly about is going to fail is there.
If they do sell I will donate 50% from the sale of them shares to a charity chosen by this group. Now those doom and gloom parties (and you know who you are) will no doubt say no to this although the company is heading no where. So what does that say about there statements if they do not have the conviction of their claims?
I’m sure Christian will when he can’t use his begging bowl anymore to sponge more funds out of all dead investors lol
✝⚱
Think the BB is on its last legs.
Ashes to ashes all round
when is this horse**** ever going to put us out of our misery?
Actually 1.45 and very low volume. SP has been within a tight range for weeks.- needs news, or anticipation of news, to increase the volume and move the share price significantly..
Next step down commences. What a steaming pile of 💩 this really is?!
HI Bill, I know I'm down for one. How is the winner decided amongst all these gems? Is there a vote, done by recommends? guess should be democratic after all. Can you give us a flavour of which username is down, how many times etc.
Agreed on Seamus latest entry.
Great chat this morning, guys.
Fair enough CALLS, I won't reply to stretch's posts again. I just find him hilariously daft.
Good morning all!.
I'll give everyone a chance and the only way I can do this is if I discount Stretch for a little while......
This beauty from Seamus is beyond belief for its touch of arrogance, hypocrisy and pomposity.......
"Although the prize for the most pompous post I've seen goes to Offler about how him and his Mrs retired in their 50's lol
Why would you post that ? anyone can retire in their 50's buddy, how do we know you've not bought your council house and now living off tax credits ;^)"
The pot tripped up and banged his head on the kettle with that one and for that reason I'll enter it into the 'disorientated and delusional' category.
Builder…stretch is a weirdo…desperate for attention that he’s said he’s leaving the board about a dozen times but like clockwork every night here he is spouting the same rubbish…
Yes sorry.
Wrong board Mizman?