Member Info for Icarus69

Woooooo, I'm almost in profit on my last purchase of 2.773p at the tale end of September.

I wouldn't get too confident Richard. I'm over invested here, would normally have taken my original stake off the table when the share price offered me that option and left myself with a free carry. However I believed the 60((0ck$ from the board and the 'shortly' rhetoric indicated they were wrapping up the loose ends/ close to reaching agreement with interested party/ies.....and then world events came in to play.

I don't think this BoD can be trusted to tell it how it is. Not saying they're lying, but they're being very economical with the truth. My holding is now only worth just over £25k which whilst significant is about 70% down on my purchase price. The assets are there and worth multiples of the current share price. The issue is Ive got so little faith in the BoD, I wouldn't trust them to organise my underwear drawer into boxers one side, briefs the other. I'm in the camp like so many others that selling at this price isn't really an option, but aware the BoD could keep kicking the can down the road until world events, dilution etc see the shareprice continue to drift down and make that investment even less likely to pay off. Is this deramping a share I'm invested in? Maybe, but its not a full deramp. Its an acknowledgement the value is there, but those in a position to manifest this value need to pull their fingers out of their @r$3$ before circumstances significantly change and they left it too late to see us all walk away from this with a decent return.

Saint, I'm still to get confirmation on the 'sale this year' from the company despite numerous attempts to clarify if that meant by 31st Dec 2023, or a year following the meeting.

We will never be told one way or the other, but imho they played this badly. It was pretty obvious during and after covid that events on the worldstage would lead us to uneasier times. They weren't necessarily to know it was going to be on their doorstep, but a deal needed to be concluded quickly to maximise value.

Wouldn't this be a lovely scenario. The court case goes against us. We are instructed to pay compensation at 10/20/30p? a share (the price they claim they would have sold at). We are given time to pay up, the shares return to EUA and the deal goes over the line at a massive premium over the cost of compensation per share.

Bigfatlad, Datta etc, I contacted the company looking for confirmation they meant 2023 and not 'the coming year' following the AGM. I've not received a response as per their poor comms. My personal view is I can't see it being in 2023, if it is I don't think we are looking at the seriously life changing levels we had previously hoped for, and not 'substantially all' of the company as previously indicated. That said, could 10 bag from current levels, but can't shake the feeling that I probably could have exited 2 years ago with more than Im going to end up with if they finally get this over the line, and just a hunch, but I also think they'll have baulked at superior offers to what they finally end up accepting - though its unlikely we will ever be informed of that if its the case.

Mizman, I have emailed the company for clarification. In the unlikely event that I receive a response, I will post what they came back with.

Thanks for the transcript Mizman. The timescale quoted is 'this year'. Personally I don't think its clear whether he meant calendar or 'financial' year. My gut instinct is not to expect anything in 2023, but that probably only because we have been starved of any progressive updates on the sale process, so subconsciously I'm not expecting us to go from A-Z between now and Christmas, when we may already be at R, S ot T (if that makes any sense).

Agreed. We are well past the point where we have enough information on the assets and that they are up for sale. The BoD aren't divulging anything of relevance and any snippets fellow posters are unearthing are not going to materially change the outcome. This board has become a playground where two opposing forces are trying to make the other think the way that they do.......and for what? Doesnt change a thing. Assets in ground, company trying to sell will update us as and when there's anything they have to disclose.

Agree on that Database, the sooner they get this over the line and put us out of our misery, the better. I wasn't able to listen in to the AGM, but got to see the notes that were made available from posters that did. Theres a suggestion that the BoD are confident that they can get this sorted this year. A lot of posters are suggesting this implies before the start of 2024, but just wondering if anybody else thinks they meant this year as in from the AGM just passed to the next one, (so more like June/ July 2024).

As for not seeing the negheads, I can only see 2 messages on this whole thread, the rest are green boxed :-). Makes it impossible to follow.

Not just a fraud, but an arrogant fraud stretch. Expects everyone to jump through his hoops to disprove his ramblings, but won't even confirm whether he holds or not. Fil-turd.

Received. Thank you, and will do.

Friendsps - I have set up a new account.

Its eurasiamining1969

..

@ gmail

....

.com

Thanks in advance. Much appreciated.

Friendsps

Are you able to set up a one off Gmail account to send the transcript?

I've not been able to get a look at the transcript, but have read a few posts on here that seem to conflict on the confidence/ optimism of a sale this year. Some say they gleaned that the BOD are hopeful of a sale this year, and I think it was FrJackHackett who suggested he hadn't got the same impression from what he had heard. Can anyone expand on what was said and offer a bit of clarity please....

And I imagine by this year they don't mean calendar but by the next AGM?

Hell

Spikeyj fil-turd. Transparent as he'll.

FR Hackett, there's a lot of countries still doing business with Russia, many doing even more than prior to the war. Nations are lining up to join Brics and in terms of world population more people will be aligned with Brics than not. Its only the western media making Russia out as the pariah, if you watch other countries Russia is anything but. Mines are build in countries and locations that are considered high risk juristictions. Some of the African nations are much greater risks than Russia could ever be, yet the Chinese especially have pumped massive amounts of investment there. Finance is available wherever there are valuable assets to extract. Theres something else thats keeping this from coming to fruition. How far from there noone has any idea, but I'm not in the slightest bit convinced its due to not being able to finance the mines, especially considering lots of it is open pit, there is processing facilities a short walk away and lots of infrastructure already in place.

You sure you're posting on the right board JSP?

I'll pledge 1,058,833, not sure what percentage that equates to, but in my humble opinion the options they earnt had an end date. Since that they've earnt jack, if anything my gut tells me they've been stealing a living. Who knows, they tell us nothing. Time has come to smoke them out and get some answers. For all the happy clappers you can wait for the endgame, some of us just want to see some comms that provide enough of a rise to get out closer to our average buy price.

Have an average of just under 9p, so a 75% drop or so, and I'm probably nowhere near one of the worst hit. What makes the current situation more difficult to take is my 'modus operandai' is to lock in profits which I didn't do here due to all the 'shortly' BS in the RNS's, and my misguided faith we had the team of all teams in place to get a decent deal in a relatively short timescale.

All us 'conspiracy theorists' predicted further black swan events following covid, and lo and behold theyre lining them up one after the other. At 7p I bought more thinking it cant go much lower, but it keeps dropping slowly and surely and now the 1p level or lower wouldn't surprise me and it could languish there for years, yet it only takes one piece of news and were off to the races. Suffice it to say, whether I chose to sell and hopefully buy in cheaper or hold as it cant go any lower, it will likely be the wrong decision. God I hate having to be patient.