Member Info for EIE01

I find it intriguing why CS stated he was confident (not 100% on the exact wording) that a deal would be done but due to NDA could not elaborate.

Why would he be confident?

Is there an offer on the table that could be taken if no other parties make an improved offer?

Obviously I don’t know the answer, I just find it an intriguing comment to make, and one I would hope a responsible director would not make without information that substantiates it.

I know this point has been discussed briefly before, but the last corporate update included the following in respect of Nyud asset.

“With respect to the Nyud project, as the Rosgeo Agreement has expired no further announcements will be made regarding reserves and resources on such assets, which are no longer under the control of the Company. Despite a transferrable legal entitlement to the Nyud project remaining in place, no further work on this project is currently planned by the Company”

So no further worked planned, indicates that could change, obviously extremely unlikely.

Not under control of the Company but transferable legal entitlement remains in place.

To me reads Nyud remains off the balance sheet of EUA but there is a legal entitlement option in place.

This arrangement/structure I believe is in place to ensure sanctions aren’t incurred.

DB - I think it’s safe to assume that based on a number of comments and communications from the BOD is to sell and has been for some considerable time, certainly pre-war.

All price guesstimates are pure speculation due to the current environment.

The focus is to agree a deal, and unless party to any discussions I believe it is very difficult to say with any confidence what price will be agreed.

I don’t agree that 20p is a great price, that said what I believe is a realistic expectation based on current environment is a different question.

20p-30p

I get the feeling we could see a close of 2.50+ today

DB - Could be more than two parties, simply said parties in Russia and Hong Kong.

Also another point RNS stated “terms yet to be agreed” which could indicate offers have been received, but terms yet to be agreed.

What do you think Toffers, I’m sure you must of negotiated numourous multi million and billion deals?

If I recall correctly and I’m 99% certain I am correct.

Toffers first ever post was along the lines of informing the board she was a student and was either interested in making a small investment in EUA or she held a small investment in EUA.

The first post was shortly followed by other normal posts and then followed never ending negative posts.

Not sure how she can say she lost £200k, as that doesn’t correspond to her first ever post.

Toffers is there no end to your expertise in which you are happy to share with the board:

Legal expert

WUP expert

Trading expert (GGP 6p sold 8p wow!!!)

Money laundering expert

Capital raising expert

The list is endless

Awaiting your apology to pwlx.

Peace talks which again exclude Russia participation, hardly seems any point.

I love this narrative bowing being spoken that if Russia aren’t stopped Europe is under threat.

Really, people seriously believe the lies our politicians state.

Remember weapons of mass distruction, how did that turn out?

One thing this war has taught us, is that the Russian military isn’t the force many had thought.

Just send Toffers over there, she can bore them to death with her endless nonsense

Very true, doesn’t suit their narrative.

Makes me laugh the BOD and gravy train, milking it comments.

Seriously……….do people actually look at the packages the BOD are on.

They certainly ain’t pulling in big sums.

KOC - “Exorbitant salaries” really?

CS salary, bonus etc for year end Dec 22 totalled £120k…….yes £120k

By no stretch of the imagination is that package exorbitant.

He will only make real money by selling assets, salary is peanuts in comparison.

What reason or reasons could explain why a sale has yet to be agreed:

1. No offers received

2. Offers received but BOD attempting to negotiate higher price

3. BOD awaiting further value enhancing developments

4. Legal issue (not court case) need to be finalised in regards licence transfer

Im sure there are other reasons, but I’m inclined to believe that offers have been received, but BOD are negotiating higher and there is the possibility of value enhancing developments.

As much as I find the length of time taken extremely frustrating, the BOD still have approximately 4 months, excluding sale of concentrate.

The sale of concentrate will add another 12/18 cash flow.

Saint - True a distinct possibility

I’m not sure there is much in the RNS that wasn’t known already.

We do now know that counterparties are Russian and Chinese (Honk Kong).

Cash position confirmed and sufficient to 31 Mar 24 but this EXCLUDES sale of concentrate with a carrying value of £3.5m

What is EXTREMELY frustrating is the fact the company is still in active discussions to sell the concentrate, why is it taking so long.

In regards the sale of the assets I believe that possibly there is an offer on the table from a buyer and that offer has been there for a period of time.

The BOD feel the offer isn’t sufficient and as such continue negotiations with other parties in order to achieve a better price.

I believe that offer price submitted is in place until a specified time at which point unless accepted becomes void.

I have no idea as to the value of the offer price, but this is the BODs fullback to option, unless a more attractive offer is obtained from another party.

You also warned about WUP and court case, in fact you warned day after day after day.

How did that work out?

How many posts you made in 30 days? 600 odd……..what a strange and weird person you are!!

How is Mizman misleading?

It’s an article that is out there, as to the extent of any truth to it is another question altogether.

Mizman hasn’t wrote the article!!!

Seamus - Those definitions are used by auditors in the financial statements of companies, are used to classify the valuing of assets held by companies

B1ll - Doesn’t even make sense what you wrote.

Brush up on your English