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What do you call a man with no arms and legs in a swimming pool? Bob
What about his brother with no arms and legs in a pile of leaves? Russell
A bit of light-hearted humour to pass the time time whilst we await DFS and our multiple potential buyers to make themselves known. I can't see the options being extended again by the Nomad so by May we should have a clearer picture.
AJWG
To me it looks like a rollover trade, many investors are making use of their ISA allowance for 2022-23, there is normally a few seconds delay for those transactions.
If so smart move not having to pay any tax on any dividend that may be paid.
Or it could be someone who has had enough and walked away.
AJWG
LB,
Please refer to the RNS of the 1st July 2020 it states that any interested party will be party to an NDA or something along those lines.
NDA's can be for a period of time or indefinite so again without being around the golden table we will never know.
We just have to be confident that the NDA's are in favour of Eurasia and our BOD. But it is now very likely that UBS, Wardell, Rosgeo among others should also be in some form of agreement, as UBS have no press release or anything about Eurasia being a client.
AJWG
Interesting numbers to gauge -
£56bn revenue
£4.3bn profit
£14bn spend on R&D
Now dealing with a £4m market cap company.
As an invested shareholder at various levels up to 2p here is my take on a plus and negative side-
For argument sake lets say the contract is £500k a year, out of their R&D cost it is nothing to start with even down the line they go to £3-4m contracts it is still miniscule. We need a lot of blue chip companies Astra, Bayern and the like to do the same, potentially with one coming on board will they think they are now missing out?
The negative side because we haven't realised full market cap potential due to the non-monetisation and lack of commercial acumen of our BOD, we could be viewed as a cheap buyout option especially with current funding issues. For full exclusivity of the tech it can be snapped up for £10-15m today.
I fully believe that this stock based on industry multiples of 11x can be a £100m market cap by 2027, you have to invest over a 5 to 10 year period and within that generate an annual dividend yield of 3.63-5%. There are many insiders within that stock that know more than the every day private investor, so I just hope for all invested that if they do raise for future gross that these insiders take majority of the subscription and instead of going for £1m here etc they raise £10m at current SP or 7 day average.
May have missed a previous TR1 notification been invested since Sept 19.
David Norwood has involvement with 4d Pharma who are also listed, I don't believe we have any contract and I can't tie any other majority shareholders with David either.
AJWG
Sandy,
A third option they have is to call an EGM away from the annualised AGM dates to propose a fundraise or if capital is required.
I am a very PRO EUA holder but if the option to raise was incorporated into the AGM for this year, PI's would be all over the BOD and Berkshire Hathaway et al who were in at 26.5p would vote against it anyway, which in turn would have a further negative impact on the SP.
From the annual accounts they are funded for the next 12 months, but if we get a further update on the Rosgeo JV & capital is needed without an asset transaction what we have won't cut it.
AJWG
Kira,
It was actually me who reported you. So again throwing around pointless allegations.
Regardless of the IMO at the end your post was libellous and nonsense. You can't go saying Eurasia will be or maybe subject to sanctions. Surely a hot shot lawyer/solicitor would know this.
AJWG
I don't trust anyone who places IMO or in my view at the end of their pushed propaganda.
Generally turn out to be traders or those that know they are committing or potentially commuting market manipulation.
Have some conviction in what you say and face the consequences of your actions .
A professional legal adviser would not risk their reputation/profession posting on an anonymous BB for a stock they are not invested in and spouting some of the nonsense they are. But have the balls to throw accusations about other posters without any evidence.
AJWG
£200m + m/cap at 5p.
Oilex will need to bring a lot of gas and barrels out of the ground for that to happen.
Production costs, operating costs, further high risk of dilution= slim chance
It's all there in black and white in RNS's, at this time it is traders paradise and with reading a lot of the posts we have a a few of those lurking.....
Keep up the good work Gordon & Jasper
AJWG
Ibrox-
I will let you tell me what market cap Oilex will have at 5p let alone at 1p. With no production numbers.....
I have asked admin to add an option on this site to report posts, it will go under utter bo%%cks.
If this ever gets to 1p let alone 5p I will be back with an apology.
AJWG
So all the doom and gloom brigade citing Ukraine tensions putting us back and possible exit of our "buyer".
The recent RNS from Amur whose asset is in RUSSIA is potentially being acquired for an indicative £100m. Many that know the story over the years know they require £1bn + US dollars spend just to get operating and bringing the product out of the ground.
So our open pit ready to mine Nickel deposit is worth how much???
Drown out the noise, m&a is happening and will be plentiful in Russia regardless of Putin showing he has the biggest c**k.
AJWG
It looks like the market markers are happy to sit this around 1.5p-1.6p.
I remember the rise to 4p after the Astra news, market sentiment sent it to that level with no numbers mentioned.
From the accounts issued we had a paltry rise in revenue, yes repeat custom but pathetic for the current market cap at the time., considering we have 5 of the big 10 pharmas working with us. The term "working" getting full access to our product suite and data for nothing.
It seems the BOD and more importantly the new sales teams aren't really doing their job, this innovative solution lauded by so many scholars and professions should not be a hard sell.
This is a far from a lifestyle stock but they are failing and not on target, we should have a revenue up in the £5m mark and a strong pipeline in sales.
I hope like many that in 5 years time we will see a 10p SP with a small recurring dividend.
AJWG
I was very disappointed by the results-
They can make it sound as sweet as they want in the RNS, but for some reason the BOD do not want to generate shareholder value.
At least they have another year of losses to take off any positive tax bill, at this rate that will be in 2031 if they are happy with 10% year on year.
AJWG
Macca me old mukka,
Not long to go until the market closes, looks closer to 0.25 than 0.3.
Keep up the sterling work though!
AJWG
Mike,
That is the JV calculation based on what all we know already with the low category resources.
If you refer to the 10% in-ground proven value at £10bn as conservative that will give you a better picture of my view once proven. Which equates to circa £3 alone.
If you think you can get full value of £10bn for inferred resources at this time, then you get my vote for a seat on the BOD. :)
AJWG
Median-
£100bn APPROX value in the ground on the JV grounds.
10% (conservative) in ground value would be £10bn if fully proven and booked to a higher classification in Russian Cadastre, that is in the event of a sale.
Now because the resource is of the lowest category it isn't worthless but nowhere near the same value as proven with a DFS and we only have 75% and not 100%.
So I give it a calculation of 1% giving £1bn, 75% of that is £750m, then take of discount for the buyer taking everything on including the risk I get to 23p.
But what we don't know is what proving up has the $8m dollars done........
So my calculation is very biased towards worse case against other industry deals, so that is my low target price.
If and when we get resource updates for the JV the percentage terms of a value will go up but I don't see it getting to that stage personally.
I hope that clears up my calculation for you.
AJWG
Good day all,
Please bare with me as this will take an age to read. I have been invested since October 2019, so call me a medium term holder.
What sparked my interest was VTB and Citic Bank becoming involved in a sub penny stock after due diligence was carried out by another PGM miner (Lesego). It doesn't take long for an inexperienced investor to check the credentials and assets owned by the named financiers.
Fast forward we then had the suspension (twitter leak). Utter tosh in my view, but it gave the BOD time to get NDA's signed and the stock suspended to stop a hostile takeover at sub 10p, many investors would have rushed to vote yes before knowing the full details of the assets and further interest.
Fast forward again to July 1st- finally out of suspension and the announcement that UBS have come on board to assist in a FSP to sell the company or it's assets. A sharp rise in SP on anticipation of a deal forthcoming. Several RNS'S awarding extra acreage occurred which again adds value to the end result of the FSP.
A $10m placing was conducted and as we know $8.3m of that has quietly been used on a pending JV with Rosgeo , with circa $6m still in the account so they are colleting revenue from WK, whilst proving up some of the inferred resources.
Now my calucations and FSP conclusion thoughts-
26.4p close yesterday is comical
I had a target of £1.23 before the JV news, I have adjusted this to £1.46 if full company sale.
Eurasia are not a mining company, they are exploration specialists, but they are getting everything lined up for a major to come in and give a huge tax payment each year to the Russian Government and to employ 100's of local workers.
NN are not as favourable within the Russian Government currently, oil spill and they are chucking out so much emissions. With the green focus now reaching Russian soil, it puts our proposition well above.
I have a hunch that the Qatari and Norwegian investment funds are involved somewhat, they have historic relationships with UBS and Anglo can't be ruled out with their history in the area, I don't see NN wanting anything to do with it personally as they have enough booked reserves for the next 100 years.
I thank everyone on this board for their insight, everyone has brought their own unique spin and take. Even the so call disruptors at least bring some clout.
Roll on the FSP conclusion
AJWG
That is a fair comment and change is good.
But 450 out of the 471 posts today have been nonsense and don't get down to the hard facts and thoughts around the development of the field and the necessary capital expenditure needed.
It was good to have discussions around this and general debate, now it is just turned into a guess the sp at the end of the day.
The new herd have just jumped in from the looks of things with no knowledge of the fundamentals or the back story of the whole project, it is criminal some of the lies that are being placed on here.
AJWG