Member Info for DonkeyOatey

"Well done BoD for not being bullied into accepting 60-70P per share."

You have missed your calling as a stand up comedian! People need to get a grip here, the days of fantasizing about double, or even triple, digit sale prices are well and truly over. At this point, even 5p should be considered a massive success for any sale. Russia is a complete basket case, and I will be absolutely thrilled myself if they even manage to get 200m USD for a sale of the company. 3/6 month timeframe is also laughable, it took years for one buyer to supposedly do all of their negotiating and due diligence; the RNS today indicates that they are basically back to square one looking to find interested parties. Nothing is gonna happen here for a very long time. But, having said that, I will be more than happy if I can double my money in 1-2 years on this

To NvS - a new 52w low! Just fantastic. Give that guy a shareholder value delivery bonus, salary increase and extra options! Let's all give a big round of applause for the overpaid executive chairman who's destroying the market cap of arc almost daily. Noone forces him to give these pointless timeframes of "weeks not months", yet he never learns. Always overpromising and underdelivering. (At least his chairman's statement didn't begin with the absurd "Look..." that he always with which he prefaces every answer whenever asked a question by shareholders.)

I would hope they are not looking to conserve cash, ops are always cheaper in these hard, down markets.

The Saudi project is a good idea, in my view, especially if they can interest one or two big Saudi investors in owning pow shares for the long term. If just one investor were to but a million quids worth of pow shares in the market we'd be back to the 3p highs quicker than you can say Saudi billionaire!

The best thing pow investors, rather than traders, could do is to not churn the shares for a quick trade and instead do small top ups when possible, as it would pretty quickly mop up the small volumes which keep dripping down the share price. Having just said that, I think I might bung in a couple extra grand this week and take another million or two out of general circulation myself!

Clive, I would love to agree with you. But why do you think it is about to get massive? Glencore are in no hurry to buy Stonepark, although I'm sure that for the right low price they might. G11 will never sell to anyone else for fear of upsetting their largest shareholder. I hope that the next drill this year proves up a huge resource, but we will still be left with the problem of how to monetize this thing. We need another cash producing asset so that we can play this waiting game for the coming decade or two

In my two decades of investing on the London markets, I have very rarely seen a suspension which was unexpected good news. But we shall see, if Eurasia suddenly declare a suspension and sale of their assets for the multiple billions previously cited by the rampers, I will be the first to apologise for failing to believe them. At least I've a few shares here now just in case it turns out really well, but in all likelihood I will lose the lot, but that is the aim cesspit for you. It's one good reason to never have more than your beer money on aim, even the most supposedly guaranteed successes (Quindell, Xcite, Juridica, Eurasia) all turn to sheet.

By the way, Greener, if you are green-eyed to the point of being a cartoon character, does that make you a slightly more carbon-neutral, or even a carbon-friendly, csrtton character than would be a cartoon character with less politically-acceptable eye colour ;-) perhaps the asylum inmates running our country would be more disposed to oil explorers if they knew of this disproportionately-high level of green eyes.among shareholders. The current politicians, on both sides of the chamber, are sufficiently idiotic that it might actually make a difference! (Just some silly nonsense at a time when the I'm stuck inside, in the glare of the sun, with the air-con at the office on the blink, again! I'm thinking of sub letting my office to a farmer in need of additional greenhouse space this summer.)

By the way, Greener, if you are green-eyed to the point of being a cartoon character, does that make you a slightly more carbon-neutral, or even a carbon-friendly, csrtton character than would be a cartoon character with less politically-acceptable eye colour ;-) perhaps the asylum inmates running our country would be more disposed to oil explorers if they knew of this disproportionately-high level of green eyes.among shareholders. The current politicians, on both sides of the chamber, are sufficiently idiotic that it might actually make a difference! (Just some silly nonsense at a time when the I'm stuck inside, in the glare of the sun, with the air-con at the office on the blink, again! I'm thinking of sub letting my office to a farmer in need of additional greenhouse space this summer.)

We are all able to ignore* others' opinions...

Without trying to tell others what to do, may I respectfully suggest my own opinion, which is that it's always best to attack and discuss the issues and topics raised rather than criticizing other posters? We are all able to if others' contributions, or filter if we feel it necessary, and I myself find it makes for a much less hostile environment on these boards if we don't attack or criticize each other individually/personally. Personally I am delighted to engage on a respectful level with anyone, no matter how strong their level of disagreement with my views on the company, but as soon as they feel the need to make personal comments I simply lose any interest in dialogue with them.

yes, i think i've been pretty open about my views. i agree with you that in the beginning jab had interests aligned with ours, however as he has raised his salary higher and higher, and received options and options, he has considerably de-risked his investment in jog, when the whole package is considered holistically. and that de-risking has been done with shareholder money, so i'm less inclined to agree about his level of alignment currently.

to the future, my biggest concern is that shareholder funds (which aren't distributed by the efficient dividend processing clerk suggested earlier) will be squandered on suddenly acquiring no doubt "compelling" producing interests which will magically justify the workload of a certain ceo, no doubt necessitating a pay raise and further options to compensate for the increased workload and shareholder value delivery; i'm becoming a cynic in my dotage! at which point i will be ready to vote my miniscule holding, with anyone else interested, as a matter of urgency to remove the self-interested party using my funds to keep himself in clover.

i'm sorry to say that i don't work in the public sector, i'm an independent contractor dealing with the administrative/paperpushing side of things in one of the world's largest pest control businesses. but by pure chance colleagues and i were discussing something similar last night, and we do feel that we provide a public service, albeit with the low key profile of those who just exterminate the rats, ****roaches and other vermin which plague mankind, such that life can continue undisturbed for our lord's and masters in their mock-tudors in carshalton. (hope i didn't trigger anyone with the mankind reference. and if i did, please don't let anyone slip in the puddle on the floor.)

anyhow it's been a long day and i was just checking in after a conference call with a regional office on the west coast so am off to bed. i've left a small bottle of ****burn's in the other room since i have been continually disappointed by their offering, and am more and more convinced these days that, if you're lucky (and it's not guaranteed by any means) you get what you pay for, and this particular bottle of port appears to have a much better shelf appearance than the contents of the bottle justifies.

Well I don't blame JAB for everything under the sun, but I do think that it is quite telling that his presentations to hnw and insti investors have produced zero tr1s. And I don't think we need such a top heavy, well paid set of executives. My view remains to get the second farmout done, lose.one of the 6 figure salary staff and streamline the management, put the company up for sale and take the best offer over 5/6 quid.

I don't engage with their type, but I must say I find it quite fascinating the way they twist and turn themselves inside out and upside down in order to always claim they were right all along! By the end of it they're going to be the personification of a gerrymandered, GOP-drawn congressional seat map in a city heavily populated by dimocraps.

Not necessarily. If we remain an independent company we will need a strong team up until FDP really, although I guess we could go from completion of the second farm out through to FDP with a reduced team (my vote goes to sacking JAB) and then even more reduce the team through to first oil. And then we just need someone to forward the dividend payments once the oil revenue flows. ;) I will submit my comedy club cv later! In general, though, my view (and I suspect a few others') is that we should reduce expenses asap to preserve shareholders' cash. From my perspective, JAB should be let go asap, the Ithica gang put in charge, and save his CEO salary and any further options. He's had more than enough remuneration in cash and options imo for the work he has done here; he's certainly had more out of the company than Lansdell, and Lansdell is, again imo, far more responsible than JAB for the GBA success on the cusp of which we find ourselves.

The Queeld situation is most interesting, since it could theoretically be possible for the directors, if so inclined, to engineer a situation whereby they are liable to Queeld and are required to hand over all assets to the claimant in settlement, thereby passing Eurasia's assetsmto Queeld for them to then sell on. It is a slight variation on the theme of Xcite Energy which ended equally badly for most shareholders. Interesting times.

You'd be most welcome anytime, Greener - we called it rådhuset in my kommune!

I've no objection to anyone who wants to add additional topics of conversation, but I do draw the line at another poster deciding in some paternalistic way when enough has been discussed on a particular subject (in his/her opinion.)

"Let's change the subject now."

Strangely enough, didas, I don't recall ever consenting to your selection as the final arbiter of what may and may not be discussed in this online community.

Somebody was talking about China statistics, and I forgot to mention that there is an interesting short summary about China on moneywise with a brief analysis by Peter Ziehan called This is their last decade. He also has an interesting interview with Mann (yes, yes, I know TMF is not great for investment advice) about China, Apple and Europe. Just in case anyone out there is interested in the alternative proposition to the narrative that China is going to save the world's economy.

I agree entirely about Cu and Ni. Noone would base an investment decision on Rh since it is so volatile and discovered in small quantities as essentially a byproduct of pgm mining. We will have to agree to differ on pd, but in the timeframes involved in building a mine, as NF at Sibanye said, noone is going to mine for pd who isn't already extracting it.

Oh I'm sure there will be some demand for pd still, but the problem is that a bonanza sale price depending on structural deficits in the markets, and the price of pd accelerated substitution with pt, and still massive demand for Tesla EVs in particular. Still, hoping for a nice short term relief rally when things calm down next week.

Watching Eurasia is like watching a train wreck in real time (albeit slow motion.) I feel genuinely sorry for the people with high averages who are locked in here as I doubt they will ever see that money back here. I've no doubt that the bod started out by believing in the assets and the sale prospects. But the world has changed dramatically in ways which just couldn't have been reasonably anticipated, not just the war but the mad dash and accelerated demand for electric vehicles, which really wrecks the palladium demand metrics. Fingers crossed for us all - I've put in a grand today just in case they do announce a deal, with the expectation that I'll probably take a bath on my gamble next week when nothing happens and the Shares drift further into the 2s. Still, it's a fun little gamble on the off chance that the long and strong brigade have been right all the way down from 40p to 3p!

"Set your expectations low, and you will be less likely to emerge disappointed!"