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No downside here. Just trapping the last guys in overstretched short positions and the odd bored PI that needs a bit of Christmas shopping money. Nicely setup for a jump in share price.

All the ducks nicely lined up and you should know by now, EUA has a treasure trove of stuff to announce the market just doesn't see coming.

Jiffybag, your on the spot definition creation probably sent you off to bed a happy bb user although there seemed little punchline. Alls I'd say is - LTHs that have enjoyed the biggest gains are the most likely to have moved on if they didn't see further substantial gains again, so no they wouldn't be the biggest defenders of a share. Not that it matters. Don't be upset by EUA continuing to add major state level strength to its world scale, district scale projects.

Don't be upset Icarus. I don't see shorters have had a free ride at all. On the contrary, LTHs first in sub 1p have by far had the most to shout about and could've traded peaks and troughs this last 12 months with far more confidence than bb spam-holes betting on stock drops because "er why's EUA worth so much".

Bit of follow-through in the morning to match the chat today. Nice to be long only invested. So much more relaxing.

Question, is who will be in, out and short when RNS lands.

Funny after over 2 years of waiting, some PIs sell at the most likely time we're perhaps 2 days or 2 weeks away from payday RNS. UBS and DLA still working. Await JORC/CPR. EUA embarked on process to close deal with the 'credible buyer' and from time to time, reminds everyone there's still other options so afore mentioned buyer is kept honest.

Derampy flies out again this morning. Happening this month I reckon but as long as the work gets done to get max value, we can wait if needed.

I noticed a PI or two dumping this morning and so blah blah blah on the bb. Confident for December.

Liking the late chunky buys rolling in

Russian buyer will be pretty clear on the geology and resource but will want JORC and CPR to "sell" to their own western shareholders and align to western shareholder requirements.

I believe the answer lies in the regulations in Russia and the fact Eurasia-Anglo JV drilled many of the licences before relinquishing as per rules when applying for mining licence, which then gives it exclusivity to everything witin 5km for new applications and over a 20 year period, has now seen the contained metals multiply in value.

If you can see the world in 'black and white' only and make it that simple, you would be richer than Elon Musk.

MMs are dropping sp on the smallest of sells to re-stock. This is clearly poised for gains as the numpty pool has been depleted to the downside.

I think EUA has been very clear on workstreams to complete, which followed the exit of the FSP and offer from credible buyer. Those workstreams to complete sufficient internationally recognised valuation metrics to close the price range and allow legals to complete will of course, be relatively uniform to others in the frame.

As the buys roll in, the same lowish volume that allowed shorts to drive the price down start to work against them as they attempt to unwind their positions. And so I expect more of the yellow bellied chickens to be forced back into play as not only do they risk a massive insta-loss at any moment, they are forced to contribute to a rising share price.

A fan favourite at EUA to get the weekend press into overdrive

Up today - shorters about to panic en masse :)

Not real ones with more than a hundred quids worth anyway ;)

My view, EUA was clear the process was going to run for a few months back when it RNS'd in April with the credible buyer. There is a process to work through with JORC/CPRs/DFS (as explained in RNSs) and that is being done for a purpose. Now we just wait for this dd to run its course. For all we know, this work is all but complete and we might not get separate RNS before the one we are waiting for.

Punters will note the slide tagged onto the end of Polymetal's investor presentation in - I recall March - that said it was pursuing JV opportunities with juniors, just before the RNS stating efforts being pursued with 'credible buyer'. I am not stating that Polymetal was the only credible buyer or company in the room, but common sense tells you it probably is one of a few. The typical structure it sets out is being granted a call option to acquire the remaining stake (tick) based on JORC resource/reserve at pre-agreed market price (tick) and until then, operatorship left to juniors.