Member Info for ChessGambiteer

I think the fact Tower have already waited 8 months for authorisation shows that its not iniminent but come it will, so the drill will still happen just likely not as soon as holders would have liked.

Unfortunately, nothing can be done about it, its lost in Cameroon Bureaucracy, going through all the various government departments at a pace of its own before the final sign off by the President.

It could be this year, it could be next, JAs been saying its close since March so he knows exactly the same as us.

On the flip side , it could also land tomorrow or next week, point it no one has the faintest clue when it will land but land it will.

Good Luck All

Platinum & Palladium up 40 & 30% respectively, so whilst we wait patiently for the SMO to conclude, its reassuring to see the metals significantly increasing in value so we can expect a higher price for the assets once the peace deal is struck.

Eua will get its day in the Sun and patient holders will get their reward.

Realistically , the Bottom will be when the Death Spiral funders have converted & sold all their shares and we are talking Billions of shares not Millions.

How quickly this happens depends on how much newsflow and share volume they can sell into .

So when they have unloaded their Billions of shares to recoup their loan money, the shares should then have a bounce but quite when that will be is impossible to say so I shall come back around the end of Q4 and see where things are but realistically the bounce looks more likely sometime in 26 when they have finished selling their Billions of shares.

He1 has been good to me and if I can get the timing right I think its got another bounce in it.

Good Luck to All.

I agree, China/India & Russia are Far Superior Militarily than the US & Its Pathetic European Puppet States but China & India rely heavily on selling their goods to the wealthy European & American markets so Trump is still a very important player, although, perhaps not as important as he likes to think he is !

Anyway, lets see what happens.

The SMO, like all wars, will end, and of course, the Victor ( Russia) will dictate the terms.

When Zelensky accepts the terms, we have peace and Eua goes into double figures, simples, its just a matter of patience!

He's told Europe to hit India & China with 100% Tariffs if they buy Russsian Oil and the United States will follow !

Its a Drastic & Bold measure and Russia's Allies would not be at all pleased with Russias continuation of the war even though they would likely still buy Russian oil but surely they would then also pressure Putin to seek peace.

Well Done Big Don, One way or another Big Don will get this war stopped!

It will be difficult to hold these rises until we get the authorisation from the Cameroon Government.

Once we have them, its 1p & Beyond

Thanks ContraianQuest...Terrible things these Spirals. Once all shares have been converted then it depends on the volume as to how long it takes for them to be unloaded.

A few years is not unusual in these small illiquid shares but if some really good news lands or there's a steady stream of positive news, they can run out of ammo sooner, just holders will have to accept the shares cannot rise regardless of how good the news is until all convertibles have been unloaded.

One feels for holders who are experiencing total wipeout, which is standard practice for this kind of funding but the company will say it was that or we wrap up and lose everything so its last resort funding with the only other option being bankruptcy.

As long as there's an increment to sell, the Death Spiral Squad will sell into it as all they are interested in is recouping their loan money, they are not investors, just loan sharks who prey on desperate companies who need last resort funding before going bankrupt.

I will take another look in here around December to see where things are but it seems this will run well into 26 before the loan sharks have sold all their shares and the sp can bounce.

Anyone any ideas when The Death Spiral could be completed ?

Anyone know roughly how many shares they have left to convert/sell ?

I would expect a bounce once they have converted and sold all their shares but i'm keeping well away until they run out of ammo !

Only then is it safe to return.

Good Luck Everyone

Putin has put the daft talking - totally insignificant Europeans to bed when he stated they would ALL be legitimate targets in Ukraine!

AKA..The Coallition of the Plantpots!

Which can only be good news for Eua,Trump is calling Zelensky about finishing the war and Russia is openly working towards a diplomatic solution as Its Allies ( India & China) encourage them to seek peace but Putin stressed if Ukraine does not agree a deal then its willing to fight to achieve its objectives.

So it seems that whether the war ends soon or not depends on whether Zelensky agrees to Russia's deal which also depends on whether DT decides Z should or not as without the US support, Ukraine is nothing, Europe talks big but its armies & armaments are tiny & insignificant.

Take for example, The main player Britain, The British Army is one of the largest of the Europeans armies and has ( don't laugh 🤣) a front line fighting strength of 3 Divisions = around 36,000 men, 80 useable 'tanks'160 fighter jets, 208 Artillery pieces & 14 self -propelled Rocket Launches, barely enough to hold or take a few villages in Ukraine, its called an army but only in name as its so tiny as to be insignificant, as is Germany/France & all the other European armies.

So we can discount the Europeans in this as they are irrelevant & insignificant, its all about what Putin & Trump say !

A certain poster ( no names needed) is clearly as annoyed & antagonised by the independent report as he was about the recent non independent report that gave a price target of 27p.

The poor, depraved Ole Confused Duffer is so discombobulated by the independent positive report that he incorrectky thinks because I stated that I am buying more on the strength of it the positive independent report, this is telling other people to buy ? Which it clearly isnt !

Obviously the nurse hasn't been round to Spikey with the tablet trolley yet & its a Double Dosages All Round when she does 🤣

A Compelling new 'Independent' report, its time to buy some more as these bargain basement prices will not be here much longer- even Putin admitted today that Russia is on the path to peace now and when that comes Eua is going Ballistic!

Great time to get in for the rise to spud, small market cap and tight float with JA having so much skin in the game and company changing drill, funded & authorised, just awaiting signatures.

A perfect storm is brewing for higher shareprices 💰

Drill Approved & Funded, just awaiting formalities !

Good to hear everything has been approved and that we just await the formalities of signatures.

As for the loan extension, its a prudent move from JA to keep the ball rolling in readiness for the drill.

All in all, Good News !

Thanks for your thoughts Cmg and your absolutely right in that we do not know the details between the 3 parties, all we know is the rig was set to move in October & drill Thail, its September tomorrow and there is no authorisation to drill so I assume, correctly or incorrectly,the the rig company cannot now drill Thali as planned.

I'd love to be wrong on this and we get an rns tomorrow or the next few days stating otherwise buts that's how it looks without any authorisation to drill .

So does everyone accept that the rig that was preliminary booked has now been cancelled due to having no authorisation to drill or does anyone think its still possible with this rig if the President/ Minister signs it off in the next few days ?

Surely, the rig company cannot operate on the basis that Tower may get authorisation in time and they may not so near to the rig readying itself to move.

Wasn't the rig going to drill for Tower first ? If so can we now assume that's no longer the case ?

Beast, The man is Deranged and Should not be Engaged !

He bangs the same drum 🥁 he's banged 27000 times, regurgitating the same old mind -numbing, boring, repetitive, narrow minded, negative tripe that we've heard from him thousands of times, he's like a boring old broken record.

Posters who engage him, feed his depravity so do not feed the resident troll and he will disappear when the ceasefire is announced.

Do Not Feed The Depraved Troll ( Spikey) !

Although it seems quiet on the peace talks front, there's actually lots of high level negotiations going on behind the scenes and security plans for Ukraine could be announced as early as this weekend with America deploying a private arny of contractors as part of a security guarantee for Ukraine.

Trump is still pushing a Putin /Zelensky meet too so its all happening behind the scenes and hopefully we'll hear some progress towards peace shortly.

Both Russia & Ukraine want to the end the war now, it's just a matter of agreeing acceptable terms and with the pivitol role Trump is playing, it really looks like peace is coming.

Hold on to those Eua shares , they're going to be worth a lot more once the Ceasefire is agreed 💰

Geologists rarely make good Ceo's but it doesn't really matter, what matters is what price someone is willing to pay for the assets and CS has no say it that, he merely presents offers to shareholders and we decide if we like the price or not so I'm not really interested in CS .

My only interests at present are the SMO ending & sanctions being lifted, any offers are a bonus.