Member Info for Aubery

Beggars the question….

Make Plan B into Plan A.

Activate Sinosteel and improve the value all the ‘asset’ while all the other stuff takes its time to resolve

Either not thinking strategically in the best interests of the company and shareholders or

That EPC isn’t worth the paper it’s written on and there really only is a firesale option

Years and years of speculation on the SMO ending but regrettably very little progress.

Absolutely no plan B from the company. Or even a draft plan for what may happen if/when hostilities cease.

What is the status of mining operations this year and forecast for 2026/7

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‘ .. I haven't felt more optimistic in a long time.... just be patient…’

EUA was established in 1995.

How long is the ‘long time’ bit? 30yrs?

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Who on earth in their 70’s invests in this ?!

As a company they’ve not been profitable in over 25yrs

A sale, along with Sinosteel EPC mooted in 2016… nothing has moved forward

70yrs old!!

lol

HNY

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Given the excitement at the shiny new kit in recent comms you’d at least expect more detail regards ‘mining’

Absolute zilch worth mentioning….

No reasonable forecast or programme

No cash flow forecast or analysis

Nothing on operational cost or contingency

No detail on quantities, grades, volumes to be mined

Opex and capex drawdown

I could go on…

It’s incredible really.

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Just operating on a whim and a prayer…

Diet

Regards debate, genuine question, what do you make of the equity raises of the past 5 years? Have investors benefited from such equity dilution?

I cannot see how any of the raises translate into value on the balance sheet except for a few trucks and a dragline.

If the strategy was for an outright sale (once the war is over) then a care and maintenance approach would be best. Rather than mine unprofitably.

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Wilco

Ukraine don’t need to ‘win’

They are not the aggressor

The Afghans for decades have been not ‘winning’

But they’ve been extremely determined to not lose….

‘Sinosteel agreement in place’

Jesus wept….

From memory it was his tweet that started all this…

5-6 yrs back.

I’m sure some of the diehards will have it saved, be able to remind us of what it stated.

‘News rich period ahead of us‘

Really?

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Where is Mr Mike Hammond? He seemed to know the score.

Ukraine doesn’t need to ‘win’

It ‘just’ needs to defend.

And in the history of the world… defending, even against a much more powerful aggressor, can be effective

Got to be another term for ‘anticipation’ when it starts in 2016 ish

10 years of anticipation

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‘Sale process in focus and advancing‘

Advancing?

In focus?

Did we miss an update? From when they said that due diligence was ‘complete’ I’d say the process has ‘retreated’ and lost ‘focus’

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‘ I know some large holders ….’

Please enlighten us all

I wonder if the Sinosteel EPC contract is being used as leverage to get a deal done

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Ste

‘to keep ones head down’. lol

For 20yrs!!

Could be a corporate world record for longest period of ‘head being kept down’ while taking a fat pay cheque

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‘UK and Europes persistent demented anti Russian narrative historically.…’

Deary me….one could argue not demented enough

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‘Top up for the brave’

lol

‘Brave?

This Bod over 25yrs have produced nothing, nada, didley squat…. ‘Brave’?

I’d suggest due diligence before any ‘investment’

‘Brave’ !!!! 😝

I wonder if with all the potential new investment coming in the BoD will trigger the EPC deal. Discussions started in 2016 but the BoD haven’t stated that this deal is dead.

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Wonder why this hasn’t been triggered with all that untapped value….

Does make you wonder.

Presented from a broom cupboard….