Member Info for Ibizamatrix1998

Hi Tilly, I heard someone refer to him as CamiKwasi, which tickled me. Hope some good news tomorrow at 7am.

GLA

Hi, still here in the shadows, lamenting for different times past. I bought in August 2016, so this has been a longer journey than expected, but still I wait. Are we still meeting in York when the galleon finally reaches its final destination?

GLA as always :-)

Hi Ian, Thank you for remembering. Today is also my birthday and I am 54 . Wife has not mentioned anything as yet and no RNS either :-( I agree wholeheartedly with Ian's comments about the Ukraine war and economic backdrop, but we need to focus on the official RNS and not the ne'er-do-wells who have nothing positive to add. I can't access my pension until next year where all EUA is held, so I wait a little longer.

GLA and keep the banter going.

Hi, it remains the fact that both II have had some fundamental, financial and technical analysis prepared before they invested $26m. Regardless of ACF or otherwise, who paid for what and the accuracy of these reports, two II in quick succession wanted to invest and they both wanted to invest more and were restricted by the BOD to prevent further dilution. I will follow the money. Happy to remain invested.

GLA

HI, I would have thought that the buyer will be looking beyond the recession to the time it takes to build the mine and importantly the life of the mine, factoring in demand for EV's over time as well as battery metals in general. There will be a 20 year time horizon and overarching calaculaiton will be the cost of extraction throughout the life of the mine.

Let's hope for a swift end to the ongoing aggression and then the SP could rise back to the £0.20 zone.

GLA

Hi, I’m still happy with a £0.61 prediction. Hoping for strong day today and GLA those attending tomorrow.

Hi Ian, Please can you put me down for "the" RNS on Thursday 8th September?

GLA

Hi LB, someone provided a Bloomberg terminal screenshot to confirm he had bought back in. No RNS was provided.

GLA

Hi Hawk - I too hold 1m and have voted NO via my broker and this vote has been registered and accepted.

I think the TEO is critical and value accretive - so why haven't there been any updates to explain delays since the end of 2021, which itself was an extension on the previous deadline.

Sadly, I would accept £0.07 in one payment but I fear that the proposed staggered payments may get a sub-standard, very early stage opportunity and frankly I can't bear to hear about slope degrees, concentrates, culverts and ditches, power to the BAM train line, carrier pidgeons and the utter ****** that has been spouted for many years. Portions of jam tomorrow is not a lot, so where exactly is the value add for the SH?

Dear me, how have we come to this sorry affair?

GLA next week.

Hi, Whatever happened to the right asset, right place and right time? That seems a long time ago now! He sounded like he was bimbling through "we're looking at markets and there are some comapnies that will be willing to work with us..." yeah right - what jurisdictions, asset type and all for $15m! NO.

Every time I hear him struggle in an interview, my skin crawls. I cannot believe a word he says, as it sounds like he is making it all up as he goes.

Where is the TEO
What about the other offer, was it even worse or more suitable to his lifestlye income?
Are the structuresd payments over 15 years able to be amended when the war finishes and the sanctions are lifted?

As usual, more questions than answers, smoke and mirrors. I cannot attend the AGM but I will be voting NO via HL.

GLA genuine holders and I feel for each and every one of us.

Hi MP.

1) Have any targets been identified? Do we trust the BOD to bring these new Projects to fruition and to market to benefit the shareholders? NO
2) Special dividend. How long before the 1st payment and what will that equare to after the remaining warrants/options have been exercised? How much will that dilute our dividend? There is no guarantee that ALL the $60m will be paid out and this is also staggered. I also read "portions" so we don't know - and won't know - until before the dividend payment is declared. NO
3) Loan to be repaid to AMC over 10 years - I have been here 6 already and don't want to wait another 10 years. NO
We could benefit from other projects but not with this BOD at the helm. NO
How much is the dividend you are voting for? What new projects? NO and NO
£100m is not $105m - will RY take a similar reduction in wages? NO
This is a shocking disgrace and I for one am disgusted that AMC feel that this is not only the BEST but the ONLY offer after all these years of waiting to leverage professional contacts.
Where is the TEO? And you want to give these idiots $15 to pursue other projects. NO and NO

Vote it down with a"two fingers emoji"

GLA emotionally cpnnected shareholders.

Hi All, still here and reading from the sidelines. it is hard to positive with the curent backdrop of madness and misery in Ukraine. Psychologically it is tough seeing red on the screens daily, but wealth is created not when you buy oe when you sell - but in the waiting. I am holding firm and hope that common sense and basic humanity prevails and we can get back to the "red dot at 7am" posts...... :-)

GLA

Hi LB, outstanding work of the highest quality - thank you. The 5% of the in-ground assets at £7bn is in line with the latest ACF valaution of $10bn or £7bn. There are a lot of unknowns and added complexity and company structures, not withstanding geopolitics and economic sanctions. However, even at 2% (£0.90) x 80% significant dividend = ££0.72 and worth waiting for!

GLA

Hi, Mac posts articles which we have seen before as we are LTH. However, they also serve to help new investors considering investing in EUA and to balance some of the abject vitriol on this BB. No emotions, mostly just facts, RNS and technical research with links to verify. We all want a positive outcome here, for a variety of reasons and when a poster suffers accidents, health, family, relationship or financial issues, and despite being an anonymous BB, the troops rally around like I have never see before (Ian & Becky being the most recent). That restores my faith and we are all trying for a better future for our loves ones. There are a host of ways to promote EUA and to put the delays and frustrations to one side.

GLA and come on Cloth Cap in the Grand National!

Hi Mac, I hope you're keeping well. Due to lack of leaks or potential buyers, JV or indeed what is exactly being sold/offered and the time it has taken so far, a lot of theories - many complex - have been expoused on this BB. Occam's Razor dictates that it is likely to be the simplest answer to a complex question. Ergo, NN seems the most likely suitor as it is the simplest answer barring any evidence to the contrary. Whoever has deepest pockets also works :-)

GLA and enjoy the weekend.

Hi OK, £0.61 significant special dividend paid out "shortly" and then onwards to EUA 2.0. Party in York. Rum and hornswaggle all night. I have been here too long to turn back now. The world is sh*t at the moment - everywhere you look - so trying to see through PGM tinted spectacles.

GLA

Forever is a very long time. I have been here since 2015 and, like many others, this has been a bottom drawer investment which may yet see signs of life. We all know the SP history. We all know the company potential. We all know the shortcomings of the BOD. That said, I remain hopeful of a positive outcome and I remain long and adding and I have not sold.

GLA

Hi Roger, not given up on the sale. With nickel prices as they are, I’m expecting a higher opening offer.

GLA

Hi Sbrace, no. I invested what I could afford at the time. There was tumbleweed for years until the bank interest and the rest is history. Holding 1.7m. Too many dreams built on this outcome to sell out, so still holding.

GLAA

Regarding EUA
10. Do you think that we'll get any significant news whilst this WAR goes on? No
11. If the answer is yes and we get news on a sale, who do you think the buyer(s) will be? I have always thought it will be NN as we have been digging in their back yard. It is easy for the infrastructure and smelter too.
12. If there is a special dividend due to a sale whilst these sanctions are in place, is it still possible for the funds from the sale to be released to EUA shareholders. I doubt it. Sanctions on the Bank of Russia and their ability to rasie capital on the international markets, combined with transfers into and out of Russia make this unfeasable.
13. Now with a bit of hindsight. What do you think the reason is for EUA wanting to join MOEX? They said they were considering this option but I understood no firm decision had been made. It will make it easier for Russians to participate in buying and selling shares and adding to the overall liquidity, especially if there is a Russian buyer.
14. If NN are the buyer of some or all of what is on offer. Are they are able to still do this whilst their share is suspended on the LSE and the markets are shut in MOEX? If the deal is in local currency then there will no restrictions. However, if the deal is to be made in $$, which is the preferred option, the cost has spiralled higher since the devaluation of the ruble. Can they raise finance on the international capital markets - not with sanctions.
15. Are NN's funds frozen in any way ie from the banks that are sanctioned etc? Not for domestic transactions.
16. Are the licence transfers to EUA on hold until this WAR has calmed down or is over? I would have thought Government departments are on a war footing and not focused on issuing licences, but we can hope.
17. Do you think that a) the sale is close after reading the statement by Piper about winding down operations in Russia OR b) business as usual until this WAR is over? I think the sale should be very close after so long an dsuccessful DD being completed several months ago. Even if the war ends tomorrow, the sanctions will last for a long time and Russia will be an international pariah, with the economy decimated with a lack of new FDI. My time horizon has been pushed out to the end of 2022.
18. Are you a) no longer invested at all in EUA but were? b) invested in EUA but have reduced your holding? c) invested in EUA and have increased your holding? I invested in August 2016 and have not bought or sold. I continue to hold and whilst early retiement was beckoning, that is now delayed.

GLA and my thoughts are profoundly with the Ukraine people and I salute their tenacity and proud desire to remain an independent sovereign country. I can only hope calm heads get a peaceful solution quickly.