Member Info for Avizandum1

Premise being Richardo, that you are not wet behind the ears!
Can you not post knowldge/understanding/opinion, without making it some form of personal attack on someone else?.

This makes sense MAC. And agree. Thank RMR for the correction.

Got that MAC. You could be right.......
What is clear is that this trnaction iss not "normal"......and the BOD are not "normal" either. WOuld not like to nail it either way.
Interesting though some posters putting up Toyota as the $21M net profit potential. As far as I am aware Toyota is much larger then that. Paste below:
The Toyota Motor Corporation's net revenue contracted by one percent year-on-year and dipped to just under 30 trillion Japanese yen in the fiscal year ended March 2020. This figure is approximately equal to 278 billion U.S. dollars.

That's my thinking Rooster. Normally a JV is "delictus personae" that is: Its my arrangement with you, and you only., for I trust you, and you alone,...and it cannot be assigned to someone I don't know. That's a further clue IMHO that suggests a full sale.

The other bit that does not add up; is calling the EGM for dilution authority, when we could have easily awaited the AGM. We have more than sufficient funds to get us to the AGM without engaging Sinosteel funding.
The RNS suggetss the authroity would enhance our bargaining position. Okay.......we'd assume, normally, we're playing off a low ball offer, and its a warning shot.
But perhaps, this dilution authority, would fit with more than one potential offeror.......allowing two or more, a legacy vehicle to fund mining. Is that what is being referred to?
If that's the case, then I assume we may get more that one binding offer for a resource(s) or the share capital.
Clever game, nevertheless!

Hi Mac
I'm maybe thick, but the fiances here don't make sense.
If its sale of a resource, we won't need funding to continue, so why the EGM?
If its sale of EUA lock stock and smoking barrel, we won't need funding.
I get back to the possibility that the dilution authorisation, has othing to do with us, but the buyer on a full sale.
Guessing.

Lots of green on my screen.
You can not rationalise with the irrational
Kindness is wasted on the nasty.
Watch you are not baited. If in doubt....filter.

Woke with a thought this AM. It surrounds the anology of a hess game being played between buyer and EUA. The thought is, they are now playing off each other, they are wworking woth each other to secure a common and stratically agreed goal. Evidence:

1. Obviously, the appointment of the new director;
2. The securing of the ffurther nine licences;
3. The EGM to allow for possible dilution. And that's a wierd one. If the buyer buys whole of EUA they are going to need money to mine....immediately. I doubt the Japan factor will want to utilise the Sinosteel funding option, and they have the own funds ....but.....if the buyer waits until securing the purchase and then calls and EGM to authorsie capital raise, it will have lost three weeks.......so does it make sense that the resolution is passed beofre the sale takes place; and
4. It feels more like startigically working together, where time is of the essence.......not against each other, which implies the deal, in premise, has been done.

This makes sense Roger, if EUA is being sold. It may be part of or a requite pre-cursor to the final deal. New director, just needs to change ihis place at the board table. He will abviously become privy to all board discussions, whichfact, in the current circs, is screeming at us!

Anyone in direct contact with Tilly? Is he okay?

Hi Hsez
Thanks for th green button tip. I have been filtering, but god, its a job in itself.
To answer another posters question:
I gather of the 9 additional licences only four have been proved at 104Moz combined(Inferred.....your guess!) The other five have not been proved up yet.
This arangement with rosgeo, makes me lean towards a full sale of EUA.
More guesswork.
#

Thnaks Aston. Have not doubt you are right. Memory fogging with age! (and can't be bothered trawling back all the 8.3's we've had to find the RNS)
Thanks.

Great sense of humour Lamstree!

Not sure Pompey what you mean. Can you elaborate?
Cheers

Hi Aston
Could be wrong here, but was that institutional placing not DS giving EUA a $10 loan via his own company? (To underpin EUA not in distress!)
Could be talking garbage here.

A Harley is a Zimmer Frame with wheels!!!!!
Just a thought!

Errr...has Tilly been banned again, or on shore leave?

Fine point MAC.

I think the bit that may have been missed, is with the further 9 licences. The 100M+OZ is proved..............but for only four of the licences. The other five have not got Rosgeo proof of resource. Those futher five mines..... I would be tempted to hang onto them, until I knew what I had. EUA will not want to make the same mistake AAL made.

If I was an offerror, I'd either get the hump and walk away, or get my ducks lined uber quick, and stop this accelerating value ASAP. My guess is the latter.