Member Info for artrader

https://www.fool.co.uk/investing/2020/07/13/tempted-by-eurasia-minings-share-price-heres-what-you-need-to-know/
This is why some are top slicing

FOOLS ADVICE
Therefore, there’s a good chance the company will never find a buyer at the current price. That would be an adverse outcome for the share price.

With so much uncertainty surrounding the company’s future potential, it may be a good idea for investors to take some money off the table after the stock’s recent performance.

While there’s still a chance a buyer might emerge with a higher offer, there’s also a high chance the stock will fall back if no buyer appears. As such, taking some profits right now may make a lot of sense.
MOTLEY Fool yesterday

The signs are showing now and if you have trouble selling you wait until the panic sets in and DONT press that AT BEST button.....nooooooo

Many years ago an oil company found oil in the Falklands and fortunately I had bought in at 16p the shares shot up to 90 and everyone was talking it higher. I went out for the day and when I returned I saw that the shares had risen to 1.50 I also saw that there was an RNS saying that there was no reason for the price dropping to 30p and Mr Moody reiterated the brilliant discovery. The shares rose over the next month to 500 p the reason the shares fell that day was to capture all of those stop losses. Be careful and be ready to buy in again although on that famous day no one could buy until it bounced up again. True story RKH

He stayed away? What did he wait in the other bar while his Two sets of mates negotiated on his behalf? I wonder if he feels he got a good deal and which half of him is most pleased? Obviously I’m only asking this to clear the air as I know everything would have been above board .... no pun intended.

I see that Mark Potter did not participate in the last placing, does that tell us anything?
A director of Thor, Mark Potter, is also a director of Trident Royalties Plc. Mr Potter has not participated in any decisions is respect of this transaction.

Just for a bit of balance
“Despite the near-term uncertainty, the long-term fundamentals of our businesses remain sound. We are resolutely committed to delivering our strategy to unlock material value for all shareholders through the sale of our North American divisions at the earliest appropriate opportunity. The importance of public transport to society has never been more clearly demonstrated, and we will continue to take all necessary measures to enable the Group to emerge from this unprecedented situation in a robust position.”

As at March the Cash balance was $45.3 million, comprising ZAR709.0 million and $6.0 million and if you equated that today its $48million ....... perhaps they now have too much money? There must be a few mines for sale.....er erm Eurasia perhaps!

Even more Ridiculous after reading the last quarter results
· Group EBITDA increased 83% to $32.0 million (Q2: $17.4 million);
· Net profit of $25.4 million, a 123% increase quarter-on-quarter (Q2: $11.4 million);
· Bought back a total of 5,173,632 ordinary shares of $0.01 at an average price of 47.40 pence per share;
· Cash balance of $45.3 million, comprising ZAR709.0 million and $6.0 million, (Q2: $33.8 million) after share buybacks purchased during the quarter; and
· On 1 April 2020, bought back a further 5,215,000 shares at 49.40 pence per share and cancelled 2,879,115 shares.

I'm not a gambling man so I'm going all in

You spent all of your pocket money? me too on that last RNS , at 8am they bit my arm off at .975 and 15 minutes later it was .80 thanks again to the quick profit takers who love this sea-saw share. Watch it go back to 1p and then 75p and so on..... until that glorious day when we ban Electric cars or when AEX and RKH start drilling (RKH .... its has been 20 years)

kenj
The loss WAS WRITTEN OFF
Look at the P/L accounts 2019/2020 The 2nd line:
Loss on non-hedge derivatives and other commodity contracts $9,833,000
It was in fact a loss of $11,963,000 on the hedge of 37,0000 oz at an average loss per oz of $323 an oz - This means they used a market value of $1,573 per oz
ITS WRITTEN OFF , gone, nuda, extinct, the hedge is dead, there is no more hedge loss on this years accounts. Its still a $12m loss but they've already taken it. unless...... gold goes over $1,573 ......Ooooooops
SORRY THERE IS A NEW LOSS as the current price of gold is $1700 an oz so thats another $5m loss 2020/2021
Total loss on that Hedge was almost $17m
BTW They are paying an increased Royalty to the Tanzanian Gvt based upon the current value of Golden in return the Tanzanian Govt aren't paying Shanta their $20m VAT owed???????
Oh yes their current liabilities are way over their cash balance.
Still wondering why there's a seller?
They had everything and now they are trying too hard

The Hedge is closed
It was written off in last years accounts as a mark to market book loss.
The actual selling price before they make a loss this year is 1535 usd
They wrote everything off to save paying the promised dividend and made a 5m loss
The biggest worry is paying the Royalty on market price when you ain’t selling at market price.
Oh yes and there’s that little VAT problem and a lack of cash.
They also maintain to spend Usd5m in exploration despite the fact they purchased Barricks unwanted mines for usd7m
losing faith every time

....... or Thursday or Wednesday or this afternoon
From last update....Totally continues to make progress with its stated strategy and, over the course of the 12-month period, announced in excess of £30m of value in new contracts and over £20m in contract extensions across its operating subsidiaries. The Group also completed the transformational £11.5m acquisition of Greenbrook Healthcare in June 2019 and, in October 2019, launched its new insourcing business, Totally Healthcare, which is performing strongly. These activities and successes have placed the Group in a strengthened position as it enters the new financial year.

The queue for licenses is getting shorter as the 2 metre rule has relaxed to 1.5metres........we’ve paid the piper so get ready for the fanfare. You guys should be able to talk this up to 2p today. Where’s the usual fire?

What about the new dirty washing? When will they come ‘clean’ about this years VAT ?
If they don’t ‘iron out’ this problem today then it can’t hide it’s dirty washing forever as the pile gets bigger and bigger. I say go head to head with the Government, don’t pay any taxes or Royalties and give up the Honey until they pay the money honey!

The hedging loss was written off last year so it doesn’t effect any profit this year. What wasn’t written off was the VAT owed and it’s all gone very quiet about that little $20m chestnut. Until they crack that or write it off the sword of Damned-Vat-a-lose hangs over everything. Why are they paying higher Royalties is another big question?

From UK INVESTOR TODAY - Short Term could be days or weeks?
Heddle continued to outline the steps taken by Newcrest to ensure the safety of staff but pointed to a possible commencement of testing again in the short term.

“We are pleased by the extensive steps taken by Newcrest to mitigate the risks of the COVID-19 pandemic at site, whilst maintaining their ongoing commitment to Havieron with nine drill rigs currently operational. We expect step out drilling along strike and at depth to commence in the near term, which will begin to provide us with a clearer picture of the potential to further extend the zone of high-grade mineralisation at Havieron.”

No news is always good news

So is
Flour. In addition to powdered spices, flour allows flames to travel fast and far due to its large surface area. Be sure to keep it away from your stove top while cooking and milk powder will ignite if exposed to an open flame.

Yes I am fully aware that we reclaim VAT on costs. However the 6 months accounts show almost au 400k is owing on exploration costs of au900k. approx
As you are on first name terms with Lawrence perhaps you could ask him when the pubs reopen of course.