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More truth in this post than most I've read the last few days, it absolutely sickens me all the recent users coming on here gloating about how clever they were selling up "just before" the drop or blaming the regular posters for ramping the stock and suckering people to buy, or in some cases being proud of the short they opened, you are gloating on the back of a war ie, people dying, in there thousands, sadly I know this little rant won't make a blind bit of difference to those sad little individuals. irrespective of my investment here I'm hoping for is a peaceful, quick end to the nonsense of this pointless war.
On the tax thing, Capital gain losses can be used indefinitely, but only if they have been declared as a self assessment loss to HMRC within 4 year of the capital loss, this applies to any capital loss, inc property and the like, and loss from a property can be offset against share gains if they are both fall under capital gains.
So in a nutshell EUA have been given exclusive access to what is probably a conservatively estimated 100 billion worth of in ground assets, we get a 25% discount on its licence purchase price, 2 years to decide if we want it or any part of it, oh and we only have to pay for it as we dig it out! Wow, simply wow. And some people still aren't happy, again wow...
Great RNS in my opinion, kind of reinforces my thoughts on bids are in on the condition of....... Whatever the conditions are, exactly how buyouts of any company work, due diligence by the purchaser to confirm their offer is in line with the companies suggested valuation, and then offer is made binding once said conditions are met.
To all those clutching at straws suggesting the bit at the end saying a sale isn't guaranteed..... Really, although I suppose thats now your best angle given we now have confirmation more than 1 buyer is interested.
Thanks for the reply TTS01, apologies for my slow response, that's kind of what I was alluding to, a proposal is put to UBS detailing what is needed to be queried/checked before their offer was official ie core sample data confirming ground contents are as suggested, legal confirmation they have access to exclusivity zone and so on, once these conditions are met, the official offer is tabled to the board, the question I'm now asking is whether the WK dfs is the final condition, given a more detailed study of the area gives a better idea of value and longevity for any new owner to immediately mine? It wouldn't supprise me if the offer happens very shortly after the WK dfs! BWDIK!
Please correct me if I'm wrong, but surely the reason no offers have been put out as an Rns is because the board haven't received one, that's the job of UBS, the Rns from the 1st July suggests interested parties contact UBS and put forward their "proposals", not offers, UBS I would assume will discuss, filter and compare them to the expectations of the board? Even if I'm wrong if you really think there are not ways around not having to submit an Rns offer, I personally think that's a bit naive.
Also, the reality is potential buyers will want to confirm what's in the ground before they make any actual offer, monchetundra geology and is well know re previous drilling (as defined in the last company presentation and previous rns), the WK DFS is about to be released as an Rns with its full potential value, at which point all the ground value is fully known, we'll as much as can be using core samples, I would imagine exclusivity zone value will have been somewhat valued by now, so any previous potential buyer proposals can be submitted as an offer to the board?
The end of what has been an awful year in so many ways, hopefully 2021 will bring normality back and we can get on with life.
One of distractions from all the nonsense was trying to invest/trade a bit in shares, I quickly learnt not to over leverage a share in a cfd account.... An expensive lesson, but thankfully recovered from, I've learnt there are some very sad individuals on forums whose sole agenda is disruption, but also some genuine people on forums who are willing to put out information for others to digest and make better informed choices on investments, alongside a slice of humour, I have learnt to put some faith in my gut/research, hence me having a reasonable investment here that has doubled in value.
To you all I wish a happy new year, raise a glass of Rum or whatever is your preferred choice to a better year, and let's hope it starts with a little red dot that puts a great big smile on all our faces!
Maybe not the rise some wanted this week, but a good week consolidating and of course ranging as Tilly has suggested at the higher share price, big institutions now known to be on board and another week closer to the resources update, all positive in my eyes.
Keep up the good good work all the positive posters, and for those who can't handle the odd jovial or pirate themed post to give us a laugh, or break up some of the monotony, move on or switch off, its not that hard!
A much better week to look back on, let hope we repeat it again next week, I much prefer a steady move north, seems to suggest more stability, it will be interesting to see if any resource update or further news is being held back until we are included in the new listing, maybe even the big final sale news we're all waiting for, although the wife's got a couple of days away in London next weekend so not sure I'll be telling her if it does happen....
Also it always make me laugh how every time the price moves north we get a steady flow of negative / argumentative posters, who post nothing but empty comments to wind people up, quite sad really!
Again, wow, El frankey quite sad that most of your posts are personal insults towards other posters, I thought that's what twitter was for.... However you have made it very clear what you agenda is and I'm sure most will simply filter you, I won't, just so I can read your posts now and then and have a little chuckle.
Wow, el frankey I assume you know Rowka given that you are stating he has sold his shares, because thats quite a strong claim, oh and just for reference he never really claimed the £3.50 was a final price, it kind of attached to him as one of his calculations suggested it was maybe possible, but even he said it wasnt likely. Thirdly, Aston advice was about getting your prostate checked was not wishing you had cancer, but actually sound advice in my opinion, better safe and all that.
Also when you come along making such wild statements as a first time poster, I'm not sure what else you expect.
My "guess" for what it's worth, is that a sale is imminent, it wouldn't supprise me if everything by way of the sale has in principle been agreed and the board changes are part of that, it's just now a case of sign here!
I also think the board changes reflect this, James as the new ceo brings engineering intellect, ie how to interpret and best move a new owner forward using of all the documentation that is already available to him, Dmitry’s change is because of his in depth knowledge of the company, if you purchased a company, you would want the person with the most knowledge and understanding of how that company works in order to integrate that into your own existing business model, but as I say its only a guess!