Member Info for Harts

I work for AstraZeneca but not privy to any info not in the public domain. This new partnership will be excellent for NCYT and using the labs in Cambridge to improve the tests and make them quicker to manufacture. Covid is expected to go on for a while with second and third waves expected through winter and into 2021, so testing is paramount in order to test key workers as well as the public. The extra RNS sales updates will also be great for keeping interest in the share as we all know what AIM sentiment is like in driving up the SP. This is just the beginning for the SP but that is just my personal opinion as I'm sure you all know anything can happen in the stock market.

And his name is supposedly Richard ??

My assumption would be to get other parties interested that weren't from Russia such as Chinese, South African etc

Everyone just chill. I'm sure a new nomad will be sorted shortly, if there isn't then you can start scaremongering NTTG, until then just wait till the RNS and stop squabbling.

NTTG the posts before xmas cost people money? I'm pretty sure the SP closed just before suspension above 7p, what was the SP before xmas? Definitely not costing people money.

But I hope it's not relisted and we get taken out for 50p plus

8.6p by the end of the first day of trading and offer for MT to follow.

Great result and much needed, will be interesting to see what comes out of the flow tests. Be interesting to see whether our partner stumps up the cash to buy into Sobhi as well. Only minimal downside is tie in not till 2021 so looks like SD production will not exceed 50 mmscf/d for 2020. But given everything that’s going on with COVID it’s good to get the well drilled and tested.

Morocco currently producing 6.5-7mmscf/d at $11/Mcf. Demand is the limiting factor here but have existing long term contracts with businesses.

South Disouq gas production is sold to the Egyptian national gas company, EGAS, at a fixed price of US$2.85/Mcf, with the Government of Egypt's entitlement share of gross production equating to approximately 51%. Currently producing 50mmscf/d and gas is the limiting factor here hence the sobhi drill to increase production.

Promising update, good to get confirmation of fixed gas contracts as main source of income. Confirms bargain prices at the moment and I thought low 20s was cheap ....

SDX always baffles me. Maybe a bounce off 10p but this price is ridiculous even with all the current global situation.

Sounds good at this market cap it certainly is!

Can you explain your thinking! Why would Peel Hunt being joint broker lead to a bid?

Hello salty sea dogs. Just had a thought is there any chance CITIC or less likely EUA gave Michael a nudge to post about the engagement letter on Twitter to give an excuse for suspending the share. That would tactically cause the SP to be stable and an easier platform for a bidding war instead of a fluctuating SP or to stop the interested parties buying EUA shares on the cheap on the open market.

Anyway can't wait to be updated. I'm very confident it will all work out very positively for us shareholders due to the current rocketing price of palladium, resource in place, national and soon to be local FLAPS approval and our excellent BOD who are heavily invested.

Good luck all have a bottle of rum on me!

Oh bobrad you do make me laugh, wait for the RNS to land and I'm sure there will be lots of interest.

I think the main reasons for low valuation are uncertainty over funding and faith in management/fraud case. Some may be worried about a placing due to fees to be paid shortly, even though the company has said they are working on alternative ways of funding such as asset sale etc and we have oil sales incoming. Once these are cleared up and the fraud is in the past investors will return. Also noticed some big block sells again which seem to be holding this down. Again once cleared this will move up.

I understand your concerns but this is strategic suspension from the BOD, promoted by Michael’s tweet. If you look at June tweets from EM_investor you will see it’s Dmitry. Negotiations are under way I have no doubt about it. This may come across ultra rampy but why would I ramp when the share is suspended. If you research hard enough and scour Twitter and EUA I’m sure you will see that they are keen to sell MT and there is lots of interest. Hopefully they suspend till the end game is here.

I’m in BMN as well. Still seen as just a vanadium producer and has therefore suffered with the price. Think BMN is a great long term stock once they get all their ducks in a row to build the vanadium redox flow batteries as they will be a producer of the vanadium, be able to rent out vanadium for the batteries and be able to sell the batteries as well. The batteries should provide an increase in vanadium price as well.

Anyway back to EUA fingers crossed for asset sale or takeover soon at premium prices.

Value for the flanks is the key driver. Buyer will want local approval before buying so maybe EUA are suspending until local approval granted for the flanks and confirmation of total resource to the buyer. Sell MT for around a billion or shared interest to help fund the mining or whatever they decide, give the shareholders a huge dividend and keep progressing onwards. That seems the most logical route. Don’t think Dimitry or a buyer will buy the whole company but it is a possibility. Anyway WTFDIK hopefully suspended until a firm offer is provided. Good luck all.

Positive news?

To my knowledge yes they would trade again. So the company would release an RNS. If it was a takeover and say 50p offer then the share price normally rides up to near 50p on the open. That means some can sell near the offer price and not have to wait for funds to be dispersed. Yes the shareholders still have to vote on it so not a done deal but the CEO accounts for a large proportion of the company just on his own. So any reasonable offer will get voted through. Hope that helps just from my previous experiences in asset sales and takeovers.