Member Info for DonkeyOatey

"Actually they can start drilling again as soon as the weather allows"???

But, wait, all of the rampers were shouting for literally months that drilling was being done by Anglo already, they were going to drill all through the rainy season, etc! Don't tell me it was all a bunch of b***sh*t?! lmao

I'm sure there will be a raise soon because certain people will need their rewards for complete failure.

Tell us, NvS, who did the due diligance for the Tingo shares? More than 5m has been wiped off the balance sheet with that complete disaster, and still not a word of accountability from the "Executive Chairman"!

"I thought you would have learned but it doesn’t look that way"

Coming from a fantasist who believes (after 5+ years of non-sale) that someone's gonna stump up billions for this unsaleable collection of forest land and PGM licences in the coming weeks, that's pretty darned rich, x77rob!

"i am sure we will be updated once the situation becomes clear."

are you taking the p1zz?? updated by this bod? after how many years of being kept in the dark and fed ****5? ffs, you cannot be serious dude!

So much interesting discussion today :) Unlike a few of the other boards I occasionally pester where they are all just fighting about how rich they are going to be when, despite the fact that a few of them need to be 20 baggers just to get some of the people their money back! (Rather sums up the IQ problem Britain has with the electorate.)

Frankly, I have often thought that perhaps voting should be weighted towards those who actually are net contributors to the national coffers - after all you don't see many companies (at least not ones which last very long) listening to non-customers at the expense of their actual clients. But I digress.

I suspect there is very much truth that has been spoken on here, and a lot that I completely disagree with (it's always great, don't you think, to hear other opinions which generate such feelings, the polar opposite of the mealy mouthed nonsense which our politicos spout daily in a constant effort to be seen to be relevant but without saying anything which might possibly offend anyone whatsoever.)

Wealth taxes, yes you bet they're coming to the UK - just look at the O&G industry: Norway all the way (at least on the tax to the gvmt front, likely absolutely nothing like Norway when it comes to refunding losses in cash each fiscal year!) And Norway has wealth taxes - approximately 1% of anything over about 130k in net worth. Yeap, 130,000 GBP and anything above that and you pay a little over 1% of that excess amount every year to the gvmt for the privilege of having "formue". Includes everything - houses, cars, bank deposits, ISAs, stocks and shares (minus the mortgage and car loan.) Of course what is missing in this calculus is that Norwegian council tax is about half that of the UK, but you can bet that LIEbour will ignore that and just want 1%. Probably starting on things like investment property and second homes, then it will quickly become main residence, then ISAs, cars, etc.

I don't agree that Rachel Reeves gets it about economics, if she did they'd never have announced the 78% tax on O&G whilst disallowing the "loophole" (whoever heard of effectively R&D and infrastructure development in any industry being called a loophole when writing it off against tax?!) Where do they get these cret1n5? Does the national party just stop into Idiots'r'Us and pick up party leaders at the same time as future chancellors? Perhaps they get a multi-buy discount. (I hope so, because we're sure gonna pay for it in the end.) So it will start out as a tax on "millionaires" (which is basically any lower middle class person living in London, Bristol or the SE.) And quickly become a tax on the middle class, just as stamp duty has.

Yes, the Tories are DIRE and deserve electoral wipeout. What follows will be worse because the socialists are the people the Tories normally have to clean up after, and the Tories have left the country in such a mess because cleaning up would've involved hard choices and they didn't have the spin

Indeed. The pain though will be felt by all for many years, since this phoenix conservative party will only rise once the ashes have been fully flamed, and so everyone will have to suffer LIEbour for some years. As you say, BoJo completely screwed things up (but frankly the unelected and unelectable Carrie was calling the shots anyhow, with her hideous.....leftist green agenda.) I think that a real opportunity was missed when BoJo should've gone in instead of May for a year or so to get Brexit done in the beginning, then made way for someone intelligent and responsible, such as that capable Old Etonian from somewhere in Somerset whose father was publisher of The Times, or some other equally decent broadsheet. Split milk and all, but the cleansing fire period is going to be very unpleasant for everyone, even those who've been talking sense all along (and been completely ignored!)

"Why would the BOD deny mining going on? It means stockpiles of saleable material"

To add to the other stockpiled and unsaleable mining concentrate, no doubt! After all, there must be some activity to justify their outrageous salaries.

And before anyone corrects me, yes I know LIEbour will be worse! But that isn't the point. If the country is to have any possible future at all (beyond living in a cave with no electricity supply nor energy of any kind, since everyone will be on strike constantly) then we need a right of centre party back one day. And the TINOs need a f***ing good kicking so that they can be brought to their senses and will possibly be close to one day being semi-fit to govern again. It will also be EXTREMELY good for the apathetic electorate in the UK to see just how great life really is living under socialists, and Kweir and his gang will probably produce a fantastic opportunity to experience precisely that in all its glory. (My prediction is a LIEbour landslide this year, followed by a short false economic boom as they spend the last remaining credit we can get our hands on; followed by economic collapse; but people still won't have learned because LIEbour will be clamouring "Give us a chance to undo the decades of TINO mismanagement, we need another term to complete the transition to socialist utopia" and people will - by a much reduced margin - return LIEbour to power for another term, I expect.) At which point it's an interesting question as to whether any party in its right mind would want the poisoned chalice of gvmt

to clean up after two terms of socialist LIEbour gvmts (I use the word gvmt loosely, you understand.) The VERY best things to come out of a few periods of socialist government would be:

1. British people get inoculated against the blissful utopia of socialism when they actually get to see it in action, ie live it

2. Britain is no longer considered viable as a bondseller, ie we can't borrow again any more money again for a very very long time IF EVER; that would be fantastic news, because until then, Britain will find itself in the grip of politicians who promise to spend more and more money that the country does not have (nor the ability to pay back) in order to buy votes from people who are actually too stupid to realize that gvmts do NOT have access to a magical, mythical money tree for all this financial largesse.

Here endeth the lesson.

"In a few weeks Eurasia mining should sell"

LMAO, we've been hearing this for at least the last four years! We must define a week very differently, thee and me!

"In view of the near certainty of Labour getting in"

You truly are the master of understatement, CHF! The only way I can see LIEbour not getting in, is it MadVlad has already nuked the entire world by the date of the election. And, as a lifelong Tory voter, I will not be sad for ONE SECOND to see these low-life libtard lefties masquerading as the Conservative party out on their ear, they are a complete disgrace, the lot of them. It's the worst government in my lifetime, and that's saying something since Brown and bLIAR were bad enough, but they look positively Churchillian by comparison with these narcissistic t055er5

EGM can be called any time by a group of shareholders representing 5%+ of the shares in issue. Time for some of these supposed big holders here to club together and call one, get rid of the worthless Schafftilitzky and his merry men, all of whom are milking millions in salaries and benefits whilst delivering complete shareholder value destruction. Rawlinson is the one I find most disappointing - my Bucks friends from Deloitte spoke very highly of his integrity.

LMAO 70p! More likely the market cap for the sale than the individual share price! This company is trading at 1.5p have you not noticed?! No one is going to pay almost 50x the current share price. Dream on! How would ANY CEO justify to his shareholders that he paid 50x the price the market thought a company was worth? When they had been up for sale for almost 10 years, and noone else had made a binding offer?! You are utterly DELUSIONAL if you think this is selling for multiples of the current share price, they will be luck to get 50m for the entire company, it's a complete flop and you seem to be the only one left who doesn't realise it.

Dear me, Richard98 is out complaining about Eurasia again, despite having spent months calling people SEWER RATS for complaining about EUA before; that's the proper sewer rat behaviour!

"It should be remembered that BOD are biggest shareholders, there interests are aligned with all shareholders."

That is rather an assumption at this point, frankly.

IF the BoD have decided that a sale is impossible and the assets basically worthless, then their interests are very much against the interests of the other shareholders, since their motivation will now be how to raise and spend on themselves the greatest amount of cash.

In no way am I saying that is the case, we just don't know. BUT with an unsellable asset (an assumption I'm making after literally years of being....unable to sell the asset) then it would be the case that the BoD's interests would be the very antithesis of other shareholders' interests. Because once shareholders know that the assets are unsellable for sure, the best bet for shareholders is to liquidate the company, stop all BoD salaries asap, and distribute any recoverable cash to shareholders.

Artyth, you might even try learning a little GCSE-level English, in which case you'd go around annoying restaurants you've never eaten in!

"SP at 1.75 multiple times lower"

Could you translate that into English please?

"Never seen so much doom so must be getting close to good news??"

Sandwell, you're having a laugh, surely?? There's been "doom" (aka "facts" to those lacking the rose tinted £1+ takeover glasses) all the way down from 42p to 1p! Taking a scientific approach to the previous consequences of "doom" (aka "facts") the future looks anything but rosy for Eurasia!!!

"Power Metal continues to push forward commercial discussions regarding the potential for small-scale mining at its Cherished Hope Gold Mine, in parallel with continuing exploration work, further details of which are expected to be announced in the near term."

Now that's what I like to hear!

Yes, couldn't agree more, this sad story is a complete train wreck of a company. Sad for the people who've watched the value of their shares go from 40p+ all the way down to slightly over 1p. But I do wonder about the mentality of people who sat and watched >95% of the value of their investment go up in smoke. All the while praising the BoD who have delivered precisely the square root of f*** all for them, whilst at the same time paying themselves literally millions of pounds of shareholder money. Incredible! As I saw someone write earlier, the sooner the vet put down this crippled dog of a share the better for all concerned. (No doubt the STD riddden pirate and his Fiat Panda owning mate will disagree with that, but since they are both pretty conspicuous by their absence, it doesn't matter to me what those particular form of sewer rats think.)

Tray, very interesting thoughts.

As a caveat to your valuation suggestions, however, I would suggest that in a buoyant market (assuming one ever comes around again) POW as it stands today would be worth north of £100m imv (admittedly in bull markets for juniors the valuations get silly high.) I suspect that in a full-on bull market we could see UEE worth >£100m, which would make our share of just that worth multiples of the current share price. Not to mention our retained Athabasca basin licences, a potential district scale Ni/PGM situation at MFC, and the Tati gold could well provide some near term cash if the grades are as good along the entire strike.

All just my opinion, but I remember when this was >3p just on speculation and during better times for junior miners.

Given what's happening with U3O8 these days, I can easily see, in short order following IPO, that POW's share of UEE may well be worth multiples of the entire POW mkt cap today. I wish they would get on with the UEE IPO so that I can get some of those shares before the market realizes what they have - with the largest Athabasca Basin portfolio of any UK listed firm, I think people may get extremely excited for UEE.