Member Info for Crabby08

Picked a few up today, got a few quid for some more all being well…

Evening,

BOIL flagged up on my radar this morning and I’ve been scanning recent news and RNS’s to try and get a feeling of what’s happening.

Could any LTH’s give a balanced summary on what’s expected for the rest of 2024 please. I know on some boards it’s frowned upon and members say go and look for yourself but any help would be appreciated.

Some good recent indicators like directors buys and the article published today.

Thanks in advance

How is it 4 years when the sales process started in October 2019? Still less than 3 years by my reckoning…

Company is in a far better position now than it was then, far more resource under license etc hence why the sp isn’t sat around 0.5p like it was for years prior

The bottom line is Eurasia still have the rights to a massive amount of PGM's that are in demand and will continue to be so for our life times. Things may have changed somewhat from the Dmitry interview in October 2019 but equally there's been 2 years of Covid with a global shut down and now a European war, not ideal but we are where we are.

Christian is setting up for retirement and Dmitry is still the largest shareholder, who knows what their initial expectations of sale price were but Eurasia now has access to more metals than it ever has. No such thing as easy money and still believe this will come good, for many multiple of the £170m MCAP it currently sits at, especially with the top tier advisors Eurasia has on board.

Agree okfornow, been one thing after another since 2019 with suspension, Covid, Russia invading Ukraine but the bottom line is the BoD are the biggest shareholders so they’re interests are aligned with PI’s and the metals that are under their remit will only increase in demand and value. Been a rough road so far and certainly didn’t think a sale would take this longer but equally the value of assets Eurasia now has access to has increased exponentially. Still confident of a positive outcome. I’ve tripled my holding in the last 6 months too and considering adding further

Pumptydumpty - you joined LSE in Jan and since have had nothing decent or positive to say on EUA either but hang around and gloat. You’re of no benefit to either so wind it in

That was the last round of sanctions, like I said it would be good to hear it from the horses mouth as the situation changes.

Would expect an RNS you outline if the latest round of sanctions have any baring on Eurasia.

If NN are one of the buyers it may be business as usual get the deal done

If Russia seized the assets of US & EU companies then the Oligarchs of the UK would lose out big time and I can’t see them standing by Putin.

Abramovich’s relationship with Putin has been described previously as that of father and son, surprised he hasn’t had any sanctions imposed yet but he has a lot to lose if his UK assets are seized, Chelsea etc...

A lot of toing and froing from both sides at the minute as both sides trying to save face but I don’t think either side can completely exile the other realistically, a lot of rich Russians around the world splashing big money

Oranolio - you stick to believing the media where they fill you full of sh*t like after 2 years of lock down we now have to learn to live with Covid and Prince Andrews innocence

AgentB - would the same not apply to Nornickel and all the resources that were privatised when the Soviet Union collapsed? He can’t just grab everything in the country back or there would be a revolution. On top of that it’s by far the biggest country in the world, he may be spreading himself a bit thin

SP has been divorced from true value since the FSP started. If a sale doesn't happen due to what's going on then its gives Eurasia time to progress some of what they have themselves. The demand for what they have won't go away and the price of the commodities will likely rise. Not what we want but may be better long term.

However until the BoD come out and say no sale then there still everything at stake and after 20 years of plugging at this you can bet your bottom dollar they'll be fighting tooth and nail with UBS & DLA Piper to get this over the line

Plus don't forget the BoD have more to lose than any of us in all of this, what's good for them is good for us

Good point Sean, believe an RNS off the BOD 10 fold over what skynews puts out. Boris's downing street party's and Prince Andrews noncing has all gone very quiet...

If Putin seized EUA like some toss bags on here are making up then UBS, DLA Piper and the likes would never deal on Russian soil again.

The bottom line is the fundamentals of Eurasia are the best they've ever been and they have a lot of what the developing world need. They have the best advisors money can buy who are working on a success fee basis. Sad to see the SP battered but this is far from over, been through 50% drops in a single day more than once here and its bounced back.

Ljm1976 - the RNS from the BoD yesterday says otherwise...

If Putin wanted to seize EUA’s assets he wouldnt have allowed EUA to keep acquiring further licenses etc over the last few years when real value was starting to become apparent. He’d have made it difficult for EUA

Whatever happens the BoD are in the same position as shareholders with more to lose than any of us if the sale doesn’t take place. Equally so do UBS and possibly DLA Piper if part of their compensation for the sale of assets is on a success fee basis. So after 2 years of working on this I can’t see them all walking away empty handed and the deal turning to mush.

It may have added a layer of complication but as RNS’d over the last couple of weeks:
- the assets have been divided in to their own legal entities which is best part complete ready for the liquidity event
- the BoD haven’t sold a bean and are still working with DLA Piper and other advisors
- the sanctions imposed but EU and US don’t affect Eurasia plans.

A lot of new new accounts around the last couple of weeks with nothing good to say, ignore them, Eurasia still has what the world needs and it isn’t going anywhere

Don’t post much on here any more but over the media channels who waffle more sh*te than have the shortest on here, I believe the EUA BoD who have delivered on everything they have said since October 2019, when they quote in recent RNS’s words to the effect of a sale all or most assets with the help of first class advisors such as DLA Piper & UBS, liquidity event i.e. major special dividend payout to shareholders (including themselves, who haven’t sold any shares). Assets being critical to an inevitable green revolution that have been and will continue to be in deficit for the foreseeable.

DLA Piper & UBS haven’t been strung along on a false promise for the best part of 2 years to walk away with a couple of million each. BoD haven’t been plugging at this for 20 years taking shares in lieu of salary to walk away with. Couple of million each

I don’t think I am Long9....massive divi