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Tigra
Sensible post
I think that the sale process will now be rapidly accelerated over the weekend as all the parties involved will be looking over their shoulders as more sanctions are announced in days and weeks to come.
Still hopeful of a good outcome for EUA and hope for the people of Ukraine that the fighting stops.
What is all this about?
24-Feb-22 11:24:53 10.76 382,067 Buy* 10.00 11.00 41.11k O
24-Feb-22 11:24:51 11.00 1 Buy* 10.00 11.00 0.11 O
24-Feb-22 11:24:51 11.00 1 Buy* 10.00 11.00 0.11 O
24-Feb-22 11:24:51 11.00 1 Buy* 10.00 11.00 0.11 O
24-Feb-22 11:24:45 10.76 500,000 Buy* 10.00 11.00 53.80k
Not a good day for EUA holders and the people of Ukraine, however do not lose sight of the fact that the metals are still to be mined, Russia needs the PGM's, Nickel etc and the taxes they will gain from their extraction.
I can see some sort of deal with a Russian or Chinese producer being done, albeit not at the price level envisaged by many and with an even more protracted timescale.
Now that the West know just what Putin really wants they can hopefully reach an amicable settlement, they managed it over the same situation in Crimea a few years ago.
Russia want access to the Black sea ports and this is their way of doing so.
Doubt either side want a shooting war.
Regulator, I am aware of that and the point I was making is that approvals are now coming through the system.
Quite what approval for the Visitec LFT would do now for Omega is uncertain, would the deal to sell Alva and the manufacturing business be cancelled?
Omega could surely manufacture in bulk for sale around the world.
Both Novacyt and Yougene got theirs today
Jaf
All shareholders are able to request additional shares in the placing should they so wish, in case the full placing is not taken up.
Directors are almost always expected to subscribe in placing as a sign of confidence in their Company, our BOD have only agreed to take a paltry £20k worth despite cashing in options when SP hit 80p+
Is someone taking a position?
16-Feb-22 11:23:40 5.3398 250,000 Buy* 5.00 5.50 13.35k O
16-Feb-22 11:23:12 5.24444 500,000 Buy* 5.00 5.25 26.22k O
16-Feb-22 11:23:00 5.24444 500,000 Buy* 5.00 5.25 26.22k O
dsaf
Those proposed Director transactions are the placing and open offers if the fundraising is successful
Considering how much they sold out their options for I think putting just £20,000 back in is pitiful, lot of PI's on here have probably lost more that that.
There does appear to be some interest being shown
15-Feb-22 09:44:06 5.50 319,000 Buy* 5.25 5.50 17.55k O
15-Feb-22 09:44:06 5.50 90,691 Buy* 5.25 5.50 4,988 O
15-Feb-22 09:42:12 5.50 100,000 Buy* 5.25 5.50 5,500 O
15-Feb-22 09:42:08 5.4698 97,938 Buy* 5.25 5.50 5,357 O
15-Feb-22 09:42:04 5.46998 125,000 Buy* 5.25 5.50 6,837 O
15-Feb-22 09:41:41 5.50 375,000 Buy* 5.25 5.50 20.63k O
15-Feb-22 08:57:05 5.33998 112,266 Buy* 5.00 5.50 5,995 O
15-Feb-22 08:46:16 5.25 100,000 Unknown* 5.00 5.50 5,250 O
15-Feb-22 08:46:16 5.25 -100,000 Unknown* 5.00 5.50 -5,250 O
15-Feb-22 08:46:16 5.25 100,000 Buy* 5.00 5.25 5,250 O
15-Feb-22 08:26:44 5.14 150,000 Buy* 5.00 5.25 7,710 O
15-Feb-22 08:26:34 5.14 75,000 Buy* 5.00 5.25 3,855 O
So what are the other corporate actions that the placing is dependent on ?
"Omega (AIM: ODX), the specialist medical diagnostics company focused on industry-leading Global Health (CD4 and COVID-19) and Health and Nutrition products, notes today's online speculation and confirms that it has conditional investor support for an equity fundraising at 5p per share and that it is considering undertaking a share placing to raise approximately £5m with an accompanying open offer to raise up to a further £2m.
Any such fundraising would however be conditional upon certain other corporate actions currently being explored by the Group and, accordingly, there is no certainty at this time that any such fundraise will proceed.
A further announcement will be made in due course as necessary."
If the BOD are going for a placing how will they "lure" new investors bearing in mind the fall in SP from over £1 to just 10p,
surely they would need some good news or a very convincing argument to attract new money.
If a placing is announced it will be interesting to see if any of the BOD put their own money forward.
Don't EUA have a lot of Copper in the ground?
Article from Money Morning
How to invest in the most useful metal in the world
I thought I’d cover copper today. It’s been a while and it’s kind of an important metal in the context of the global economy.
Dr Copper and all that.
Despite copper’s importance, precious metals tend to get more coverage. They are more glamorous after all.
But we do not concern ourselves with glamour or shizzle here on these pages. We get our hands dirty at the heart of industry.
Or something like that…
Copper is incredibly useful
Iron and aluminium are the most-used industrial metals in the world. Then comes copper. Its main use is in wiring, which accounts for about 60% of demand. Piping and roofing make up another 20%, machinery about 10%, and “other” the final 10%.
Overall copper demand is 65% electrical, 25% industrial and 10% transportation.
Its many uses all over the economy – homebuilding, construction, manufacturing, power generation, electronics and transportation – mean it has proven a barometer of economic health. Hence the nickname, “Dr Copper” – the metal with a PhD in economics.
The world’s largest copper producer is Chile (5.6 million tonnes last year). Then Peru (2.3m tonnes) and China (1.9 m tonnes), followed by the Democratic Republic of Congo and the US. Between them, those five countries account for about 60% of global production.
Supply was hit by Covid – many mines had to suspend operations – and there are also fears of falling investment, higher taxes and more resource nationalism in both Chile and Peru, where left-wing governments have been elected. So far, fear is worse than reality.
China, despite being the world’s third-largest producer, is a net importer and the world’s largest consumer.
It accounts for over half of world copper demand, followed by Europe, then the US and Russia.
Annual imports of copper concentrate to China hit a historic high last year, though, as Andy Home reports for Reuters, “refined copper imports fell by 25% relative to 2020 to 3.3 million tonnes, but the previous year had shattered the record books”. Last year's tally was up on 2019.
China’s internal production can’t meet its own internal demand, let alone what it needs for its exports’ manufacture.
Between 2005 and 2020 China spent more than $56bn to secure overseas copper assets.
Strange to leave out the Nickel from the description of the Company, unless it has already been sold
"Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company "