focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
JamesB1
if you go back to my post 09:37 you will see I have already e-mailed the company and PR.
nothing back as yet.
If it is the case that they have restarted mining, then I would fully expect them to release an RNS to that affect.
As it would fly in the face of previous RNS on 7th December 2023.
I have just sent an e-mail to PR Relations and the Company for clarification see below:-
Hi
As a long term investor in EUA, it has recently come to the attention of shareholders that Kovinsky Kamen are advertising for personnel to work at the WK site.
It has also been noted by satellite that some work, clearing? is being carried out.
As previously stated by the board they advised shareholders that they were not intending for any additional work at WK during 2024 and the site would be operated purely on a care and maintenance basis.
Will the Company be releasing an RNS to update shareholders why there has been a change in policy?
Probably get no answer but at least they will be aware shareholders know about the recruitment at K.K.
It is as always subtle de-ramp by MYfronts he is always economical or subjective with his posts.
Put it this way
We know or are led to believe CS wants to retire, I would probably like to do the same if I was him
CS currently holds 95 million shares. So here’s a thought that would be going through my head
Will I sell for 10p and get 9.5 million before Cgt or wait another year with the possibility of the war finishing and get possibly 50-60p
Circa 47.5 - 54 million before Cgt
Sorry seem
You all see to forget
This is no longer a “Firesale”
The BOD currently have funds till Q3 2024
Not including further tax rebates and VAT repayments.
Not withstanding 3.5 in concentrate.
Lenoman that may be the case
CS holds 95 mill shares
DS holds 465 mill
So I don't think it will be down to CS
I Disagree
I don't believe the BOD would entertain a low ball offer in that region.
As I mentioned before it doesn't matter what the majority of shareholders would accept.
It has to be approved by the BOD first, end off
2p values the company at 58 mill
10p values the company at 290 mill
Never happen
Need to be multiplies of 10p
I don't personally know, but I would be disappointed under 45p 1.3 Billion
The acceptable offer will be what the BOD decide is acceptable to them.
Otherwise we won't get to vote on it.
I am fully expecting an update from the Board within the next few weeks especially before the end of February.
Now that all the major issues around court cases, tax have been resolved and the sites are currently on care & maintenance, the holiday period is over, with no further mining or exploration.
Also as there would appear to be no obstacles other than discussions with the parties at the table, I would expect the BOD to advise us that they have received a suitable bid or inform us that the parties have decided to walk away.
I cannot see the parties involved in previous discussions remaining at the table if they are miles apart on valuation and it cannot be resolved..
I see another one has been released early and is now attempting to save us all.
Herpies
You are some piece of work...
I didn't realise Investors where supposed to be here to take control of the Board, I thought they were here to discuss the company and it's fundamentals.
But what ever rocks your boat.!!!!!
BOB
Cheers well worth a read…
Bill
OK my take, any prospective bidder/ buyer was probably waiting till the court cases were settled and probably more importantly the result of K.K tax appeal.
Bearing in mind it was only settled a couple of weeks ago.
Now I believe the necessary final discussions paperwork work and bids can be submitted in the next couple of weeks
Bill
Then, the question you have to ask, if it is economically unviable, why wasn't that identified earlier.
Why would the BOD sink all those funds in, upgrading the machinery, Wash stations and install an Electrical power supply all that distance to power the Dragline?
Your theory doesn't hold up, unless the BOD their advisors and accountants are incompetent or thick.
To see
Richard the end of your message made me remember this....
There was Major in one of the states, who got sacked
who Quoted
"It's great to so a lady in the Whitehouse (referring to Melania Trump) instead of an A.E in heels"
LOL.
Wasp
Trump will get in. (America is sick of that old war mongering idiot Biden)
Remember Trump never started any conflict.
MAGA