Member Info for EIE01

You are wrong, Christian confirmed an offer/offers had been received, but he most certainly wouldn’t disclose the value of the offer.

I can’t recall his exact words but it was along the lines of no material offer had been received.

That is incorrect.

At the AGM it was confirmed that offers/offer had been received, although not an offer acceptable by the BOD.

Those in attendance or attending online can confirm this.

It very much is standard wording in regards to a company in talks to sell an asset or the company.

Post crap……….have you actually read your post?

“cash available in the various accounts around the world that can be drawn on, Roubles 28%, Yuan 7%, EU 1$ and $ 64%.”

“there is such a large chunk in Yuan since sanctions have meant consumables are not sourced from China”

So Yuan at 7% is such a large/significant percentage?

Which you then follow up by stating consumables NOT sourced from China.

To be fair you post crap day in and day out on here.

Won’t you give it a rest with your incessant ramblings.

Outofreach

“Cash holding 06/22 p2 was approx £3M + $6.6M (£5.544M) = approx £8.6M now down to £4M ( £4.5M Running costs, etc?)”

The cash balance of £8.6m was at 30 Sep 22.

The corporate update issued 21 Dec 22 states cash balance of £4m plus additionally the Company holds West Kytlim mine product with an approximate value of £5.6

LB

The Dec 22 corp update also states in addition to the cash balance of 4m, there was WK mining product held with a value of 6m.

LB - I’m unclear what you mean.

Net cash increased by £17m for the year ended 31 Dec 21

For the six months ended 30 Jun 22 net cash decreased by
£8m

From the cash flows it states where the increase and decrease in cash has derived.

Note 6 month cash flow should had read to 30 Jun 22 NOT Jun 23

LB - In regards to your comment “….the £27m has gone somewhere in about 18 months”

The cash flow statement for the year ended 31 Dec 22 states the following (all figures in millions)

Gross proceeds from equity issue £ 25
Share issue costs £ (1.6)
Issue in JV £ (0.4)
End of year cash balance £ 22

Cash flow statement for the 6 months to 30 Jun 23 states the following:

Plant & equipment purchase £ (6.2)
Increase in inventories £ (3.0)

Cash balance 30 Jun 22 £ 13.6

The above explains where the proceeds from the equity issue has gone.

CTC - Shame we aren’t missing you with your incessant drivel, posting day after day!!!

I would assume that the BOD anticipate that any deal/deals will be concluded before end of April.

If as some thought the options can't currently be exercised due to inside knowledge, then by end of April price sensitive information will be in the public domain, allowing the options to be exercised.

Extension period of 6 months, NOT 1 or 2 years.

There was a short thread on this before.

Logically it makes absolutely no sense that Directors can exercise options whilst being privy to potentially price sensitive information.

It would go against all the rules of insider trading.

Purchasing equity or options, surely the insider rules apply to both.

Leno - Agreed, I can’t see how it would be possible to exercise options whilst talks are ongoing in regards the sale of assets, as you say, party to inside knowledge.

Personally, i find it surprising that options can be exercised if in a close period.

With the benefit of inside knowledge options would potentially be exercised, that doesn't seem right to me.

Are options not subject to closed period rules?

Erdogan appears to believe there is the possibility that “………a great result, will appear very soon” in respect of peace talks.

This is hard to believe right now, but history tells us that in such situations an awful lot of talks go on behind closed doors, which the public aren’t aware of.

https://www.ukrinform.net/amp/rubric-polytics/3587719-erdogan-hopes-for-ukraine-russia-to-negotiate-peace.html

I would suggest that if Putin were ever to use a nuclear missile, then he better use everything he has.

I would imagine the use of a single nuclear middle would result in a response from the West that would wipe Russia out.

I would imagined Jersey is viewed as extremely close linked to UK

Includes a statement that potential sale of Russian assets proving problematic due to holding company being Jersey registered, and Jersey being viewed as a ‘unfriendly’ country.

Poly potentially looking at re-registering in a ‘friendly’ country.

Aren’t Eurasia subsidiaries registered in Cyprus, which I would assume would be a ‘friendly’ country.