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Significant debt at interest rates at 5/6% looks like the shorters have won the day.
Mr Seamus12,
I think all the shares were sold shortly after buying - as I suspect they were bought on behalf of addressing a few shorts.
If not - then agree they were probably sold between November 2021 and February 2022 - and that was the reasons for the 2 RNS from EUA about Dividend Policy & Reserves and Resources back in Jan/Feb 2022 to keep the suckers invested whilst EUA waved goodbye to the institutional investors.
The reason for the question is to know rather than think what happened - and I do believe EUA are obliged to answer - especially as it was information raised at AGM which they could not answer.
Mr Ibizamatrix1998,
Just read your post - all looks very factual and opinionated - however I never sensed a question so maybe the BOD do not need to consider a response.
Mr Tygra,
You are also correct - the BOD have been awarded with shares very cheaply - even though they still not confident enough to supply the finances to take all the options (see recent Options RNS).
Maybe a question to consider - stems back to the AGM - taken from the transcript:
"The question here about the shareholders who invested at 26p. I don't know the status of our current shareholder lists. Perhaps I should know, but I didn't find out before this meeting."
Question : Could the BOD now obligingly inform shareholders if the entity that invested at 26p still hold their share certificates and if not could the BOD inform when they sold. In addition - if they still hold - have they increased their holding.
Always thought it strange the transcript response - I would have thought an AIM company would show more interest when financial entities or similar invest heavily in their business - unless they sold out in quick succession.
MCAP £125m
The ones that say - no worries, its changed to very easy black run - I say maybe they a little pretentious. I suggest we now in very interesting black.
Only those with technique, ability and a lot of health insurance should follow.
Good Luck all -I think its well needed.
MCAP £146m
Challenging red !
Feck me - MCAP now £154m
Looks like the blue is turning into a red.
MCAP of £156m !
Last few weeks looks like nice blue ski run - anyone can follow.
Could there be a drag lift or (even better) cable car at the bottom to take it soaring ?
Mr Tillywhiz,
You stated earlier, ". . . We all hope for a positive outcome . . . ", which I agree.
I also acknowledge that many have different thresholds for such a positive outcome - and for many it may be an order of magnitude decuple compared to others.
Mr CyberMonkey,
I suggest if there is even a partial amount of truth to GRL ever producing 50kozpa then I would think you definitely haven't lost your LS - as the highest I think the share has been is about 14p which equates to MCAP of £70m. Even if GRL can only muster about 25kozpa in some distance future - that should at least still make an MCAP of £70m and paying 5% divs.
It all depends now on how much dilution may happen due to GRL current predicament - and the level of deceit (if any) the GRL board have masked in past future production figures.
One thing I am sure - confidence in the GRL board for many has now gone the same way as their production estimates.
Yes - and maybe probably will own 50% soon ?
Mentioned long time ago this company needs real boardroom help.
For a company that 2 years ago stated they planned production of 50koz, then changed to 25kox, then 12.5koz then . . . . . . now its struggling with the 1871oz gold loan.
I assume most on here have been following this - it has not been nice to watch.
Wish GRL luck - but I think the Asian Investment organisation know exactly what they have been doing and they have a very well organised agenda to put against a possible poor managed gold mining company.
Mr SpikeyJ,
You missed a 4th reason - as presented by Mr mac4671 at 10.57:
". . . possibly didn't take the full amount to minimise shareholder dilution. . . ".
". . . possibly didn't take the full amount to minimise shareholder dilution. . . ",
If true - what a true gentleman Mr CS is.
And even truer gentleman Mr DS is for not even considering diluting the shares - he knows the affect of dilution as he holds shed-loads.
Mr Magnum.PI
If you wonder why DS never "flipped" the shares - can you imagine the hole the SP would enter - look at what our friend Alexei Churakov accomplished - he wrote-off approx £385m from the company MCAP by selling 12 million shares.
Current MCAP is approx £70m.
Mr Outofreach,
You'd think they'd give the rest to charity . . .Smashy & Nicey would.
DS had 20m CS had 20m
DS now lost all the options, CS exercised 6m. Could it be argued that CS has a 6/20 or 30% level of confidence ?
Gotta find reason in any matrix of data for interpretation.
Could there also be reason under sanctions that may prevented DS exercising the 20m?
Mr Kammy18,
Your words " . . profit making and or companies with money in the bank have folded due to sanctions and the on-going conflict, no fault of their own, just the wrong time, place and situation. . . ." is so true - and EUA need to ensure they do not follow - if they can.
I cannot say they will or wont - and I not sure many here have provided enough level of evidence to suggest they will or wont. I think that is why the BOD specifically used the word hope in their summary statement with regards the asset sale.
Mr Kammy18,
I post my opinions (and I make clear they are my opinions) and facts - and also observations mainly from from other companies.
The effect of a +35% share movement from 2 years ago creating a 10p share price change is fact.
That is why I posted it - if it is interpreted as positive or negative - is up to the reader.
It maybe just the state of EUA at the present time that most of these (opinions, facts & observations) tend to lean towards being interpreted as negative - unfortunately I cannot change that - maybe EUA can change the share-price atmosphere.
+ 35% week
I remember the days when a +35% movement would mean a +10p (or -10p) change in price.
Maybe we all see this again before end of year - but it is a rather big ask.
I am sure there are points from this that can apply to other companies - however I think all EUA assets are already quantified.
https://www.lse.co.uk/rns/UPL/response-to-speculation-pnayfkozdunbcvk.html