Member Info for DonkeyOatey

"the trolls... don't seem to get the larger picture"

Fool-Ma is always good for a laugh, but this one's a classic. In fact, it's such a classic, he's said it all the way down from 8p, to 7p, to 6p, to 5p, then to 4p, then at 3p, and now 2p!

Yeah, I pity those poor "trolls" who failed to avail themselves of the opportunity to buy shares in this train wreck at two or three times the current price, I bet they're kicking themselves at losing the opportunity to lose 75% of their money!!!

Btw that's not a criticism of JOG by any means, and as dim-witted as I believe the occupants of the LIEbour benches to be, I cannot imagine that even they will want to destroy the North Sea (especially because the largest union for oil and gas workers is a supporter of the farcically-named party for working people.) The strange thing about mineral/commodity juniors on AIM is that they can be depressed for months (or years as JOG has been) and then all of a sudden when the tide turns it does so dramatically and rather quickly. If all goes according to plan, I can imagine a quick and positive FID outcome, followed by a 5-7 quid/share takeover offer. Let's hope 2024 is the Year of JOG (as it certainly isn't going to be the Year of China, by all accounts!)

Yes, I understand what you say about the management here. It's quite clear from the failure to say anything to the market about the complete Tingo fiasco (and what an absolute debacle that was) that the management have nothing but contempt for the market and their own shareholders. Someone should be taking account of the complete disaster of losing $5m in liquid balance sheet assets, but as per usual there is a deafening silence from the "executive chairman" whilst he and his board friends continue to milk almost a million a year out of the company.

Which leads to the KCB - it doesn't matter how bad the drill results are, it has one very useful purpose in providing justification for management to keep drawing their inflated salaries. So the KCB will be drilled for the forseeable future.

Anyone interested in an ARCM investment, should research the "executive chairman" here and his history at Bumi (the only real leadership role of note which he's had) and the utter disaster that was. Nat Rothschild, as a major Bumi shareholder, had some interesting insights to share in public about NvS's (lack of) suitability for a leadership role. None of that is me putting a spin on things, it is all in the public domain and very easy to just Google and research for yourself - I strongly recommend doing it before investing a penny in ARCM (mind you, at this rate, a penny will buy you a share! So much for all those 10-20x fantasies of the rampers from 2021 was it, it's been so long I forget!)

"Management is now in control of its destiny"

What are you talking about, Erudite?! JOG owns the smallest piece of the pie when it comes to their only asset, the GBA, and if either or both of the Farm In partners decide no on FID, then it is game over for JOG! How the f*** is that being "in control of its destiny"?

Perhaps understand a little about the picture before coming online and making such bold and factually incorrect (and, frankly, absurd) statements!

Ahh the sewer rat himself calling others.... sewer rats! What a class act the guy is, NOT!

Couldn't agree with you more - Stretchy, Mizman, LostaBundle and the sewer rat have really lowered the tone of this chat forum with all of their personal insults and name calling; a great pity, it was for a while a place where there will different views expressed mostly with tolerance. Now it's back to the bad old days when the one legged pirate with the STD riddled wife came on here playing his drinking games together with the idiotic president of the UK Fiat Panda Owners' Club!

"as FOMO kicks in" LMAO, are you for real? Why would there be any fear of missing out here? Fear of missing out on what....the next placing (to pay Nick and co their combined million quid a year for delivering share price destruction)? And still there has been no explanation from the company about who was responsible for the DD on the Tingo deal which has seen about 5 million wiped off the balance sheet when the company was suspended on the US markets because of the allegations of rampant fraud. Anyone considering investing in Arc needs to do some simple online research into Tingo, and then ask themselves how any competent management passed DD on such a company. And then ask themselves a simple question: do I trust this management team to deliver for shareholders? (Looking at the 2p share price, the answer to date appears to be a resounding "NO!")

Didas, don't diss JS, his obligation to complete a mandatory takeover (should be soon the rate at which he was snapping up JOG shares) is my exit plan here at JOG since the market for the shares appears to be utter pants!

I'm glad you popped back in, Mac - amazed actually that you didn't come to tell us that the recent news was THE final piece of the puzzle before sale! You've said that in the past about numerous other announcements that THOSE were THE final piece of the puzzle before sale, but sadly wrong every time. Perhaps you've finally wised up to what most of us knew all along: that you have absolutely no more clue about what's happening than anyone else (and even less ability at predicting the future, based on your track record of false dawns!)

PaulFG - there's no way the Pilot Mountain resource goes to the nuclear industry. The US has made clear that from 2025 they are banning the import of certain critical minerals, Tungsten being one. Given the dependence of the US military on tungsten, I would be you a pound to a penny that every tonne of GMET's tungsten goes to the DoD, most probably via a buyout from a US producer who will then take the deposit into production.

PWLX: "Spikey, doesn’t matter that a 3rd party indemnity hasn’t been given - the fact that Queeld and Mispare have indemnified the company in a legal document signed off by the solicitors of both parties and the courts means Eurasia isn’t liable now for any third party coming forward and putting a claim on the shares."

I am going to assume, in good faith, PWLX that you simply don't know what you're talking about! An indemnity is in effect a guarantee by a party to bear the costs/losses of the indemnified party; it IN NO WAY means that EUA is NOT liable to a third party. The ONLY reason you have an indemnity is to protect yourself, and the only party EUA need protection from, financially, is any parties who can bring legal claims against it. So what you have written is completely absurd - if EUA could just sign a document and transfer future losses, as a matter of fact and law, to another party they would not need to be indemnified against said losses! Indemnity is basically a contract between two parties in which one party agrees to cover the legal liabilities of another party. This is NOT a transfer of the cause of action. So... when you agree to do something in return for an indemnity, you need to be sure that the indemnifying party is financially sound and capable of fulfilling the indemnity obligation if/when called upon to do so. It's basically insurance. So ask yourself this question; if you get knocked down and seriously injured by a car, would you prefer the car driver to have no insurance (ie he is self-insuring because you can theoretically sue him for the damage, and take the risk that he can't afford to pay you and goes bankrupt) or would you prefer he be insured by Direct Line, NFU, etc? This is basically the situation for EUA now - they have an indemnity which may or may not be worth the paper it is printed on.

Think it's pretty fair to say that after all of the, let's be really charitable here, "statements lacking factual foundation" from CS, this will definitely be his last plc appointment, regardless of the EUA outcome. I would never invest a single penny in any company with which he's associated after all of these factually untrue statements from the last years!

Yes, the "real world" is apparently defined as a place where people believe a share trading for less than 2p is going to sell for 20-100x that in just a few days/weeks/months/years/decades! If that's the "real world" then I imagine a few people are in for a very nasty surprise when they have to call in the liquidators here, since they can't even sell a couple of million quids' worth of concentrate, let alone the company for billions! Those foolish "negheads" having laughed all the way down from 40p+ to the current 1p, yes don't listen to a word those fantasists say, the shares are really trading for £2/share, it's just an optical illusion on your computer screen which says they are a penny. Always good to enjoy a good laugh each day, helps you live longer - at this rate, the "genuinely invested" are going to get me living for eternity!

oh i have to thank you for that good laugh, nay great laugh, peaceonearth! the splendid irony of your post at 16:35 "what a nasty ******* you are !!!!" coming from a person with the username peaceonearth!!!!!!! ffs that was hysterical! i almost wish eua would 10 bag on monday morning just to reward you for that fantastic laugh after a long, hard day playing on my ipad whilst holding down my hours on call. splendid! anyhow, off the clock in 10 minutes so no more time to enjoy all of your fantastic postings :) don't forget it's gonna sell for fifty quid a share, lads, and you're all gonna be billionaires! (they do say those who laugh every day live longer, so we "negheads" have a lot to thank for "genuinely invested" for, especially as we'll consequently be around longer to enjoy the pleasure of their cyber-company.)

LMAO Mizman! The RNSes have certainly done the talking over the past few years - that's precisely why the share price is down in circling the drain, ready for the final gurgle as it disappears down the plughole with all the money of the "genuinely invested"! Were I a religious man, I'd be praying for you all, as it is I'm thinking it might be profitable to round a few of you up and open an ostrich farm.

From the same person who said "Not sure how many shares we would need to sell to take us back above 1.00"!!!

Wow, not even the market makers want these golden tickets now!!!! Oh thank goodness all those negheads have been proven so..........."wrong"?!?!

This is turning into complete farce - the company hasn't managed to sell a single asset, sell a single oz of concentrate, and is now left with under a million in the coffers which will probably last until early Q3, so basically six months from now! And people think this is good news? It just means that the mythical buyers, who have never been identified nor made a single bid to be brought to shareholders, now need to run down the clock by an extra 6 months in order to drive EUA into bankrupcy and pick up the assets on the cheap from the administrators.

Tick tock indeed - time is running out as quickly as the money here!

Now, if only they'd raised 41 million in the past and could spend that.... oh wait, they did, and remind me where they said they'd spent the money? No, that's right, they've never declared anything to the market about where that money has gone! But of course it's not material to EUA is it, just 41 million?! Given the company has less than 1m on hand now, I would say the BoD need to immediately declare what has happened to this missing money.

How on EARTH can this company justify £1m per year in general admin costs, when it has only mined £3m in concentrate in the last two years! On an NPV basis, this company is worth zero, absolutely zero.

Valueseeker: you have asked the $64,000,000 question there! IF this JV is the transformative bonanza deal with NvS is constantly trumpeting, WHY hasn't he or any of the other insiders (ANY OF THEM) put their hand into their own pocket and bought shares in ARCM in the market? The only logical conclusion is that to them Arc is good enough to pay their inflated salaries (typical AIM) but NOT good enough to warrant risking their own money on. Says it all really.