Member Info for DavePenny

Who can afford EUA, Norilsk Nickel, Polymetal and Norgold, Anglo American , Glencore, Sino Steel, Sibanye Stillwater, Implats, Northam and Lesego, Barrick and Kinross . S o that's a possible 12 bidders.

I see motley fool still trying to pour cold water over EUA , Shouldn't be allowed with no facts to back it up.

Yes where are all the naysayers saying it might not be our licence , just wait until the bids start rolling in.

GREAT NEWS

Looks like he's upsetting people on the syme bb

When I saw JR appear on this bb I remember him ramping sxx every day until it went tits up , and then he cleverly latches onto Rokas post, is just blatent ramping.

If the shares are only being issued on the 31st of August does that mean no sale until after 31st of August ?

The Placing Shares will rank pari passu in all respects with the existing ordinary shares of 0.1p each in the capital of the Company. Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on or around 31 August2020.

As a result of the issue of the Placing Shares as described above, the issued share capital of the Company, with voting rights, will consist of 2,758,701,681 ordinary shares of 0.1p each. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency rules.

In addition to developing the currently approved open pittable resources, the Company has utilised its exclusive right to apply for further licenses adjacent to its mining rights. Russian Federal law states that a licence application is uncontested in an area within 5km radius of the approved resource. Monchetundra contains two identified ore bodies (West Nittis and Loipishnune) separated by 2km. Both ore bodies are known to be open on strike and beyond the current mining concession. Furthermore, the immediate vicinity of the project is known to contain type examples of the majority of the layered intrusion- and contact-hosted PGM deposit types recognised globally. An application for a license surrounding Monchetundra referred to as the Flanks was optimised based on data supplied by the State Cadastre of Mines and the Company's in-house proprietary data set, and submitted in September 2019. The application has been approved by all federal bodies including FSB and Ministry of Defence and awaits license issuance.

Christian Schaffalitzky, Executive Chairman commented: "The Directors are delighted at the advances made at both of our world class projects in 2020 and at the progress with receiving our predecessors' data, including an extensive 48,405m drilling campaign completed at NKT, a part of the Flanks area. We are also encouraged that institutional investors are investing at the market price. This fact, together with our production expansion plans and the progress on our license applications, strengthen our position in the Formal Sale Process that we are focused on now".

I don't think they would have started the sale process if they didn't think the license was nailed on . Not be long now can't sleep and I don't think it's the weather .

Great post Ian have a good day.

Been in EUA since before suspension done my research , the bb was alot better then .

I know they will need more than $1. 5 billion read the full article instead of being sarcastic .

Russia has $1.5 billion plan to dent China's rare earth dominance. On ftse main financial page could they have their eye on EUA.

Good morning Ian can I have 21/8/2020.

Norilsk Nickel , Polymetal and Norgold , Anglo American , Glencore , Sino Steel , Barrick and Kinross. These could afford to buy EUA .

Wow Roka you are amazing thank you for sharing much appreciated.

Welcome back Rokaw keep doing the positive and imformative post.

Just waiting for the big RNS stay strong £1.68 for my guess