Member Info for JJNorton

Sorry if I am being slow, but the twitter account says Konstantin Firstov is welcomed at Terskaya. I understand that.
But then it says Alexei moves to Monchegorskoye upon licence transfer.

Who is Alexei ?

Grinheyl , you only pay cgt when you have sold stock and made profits above your cgt allowance.
So if you've bought a stock and made one million pounds profit, you don't pay any tax until you sell it, and then the tax is due after the end of the tax year.

I wonder if I can ask the members of this board what they think are the reasons for the delay in the asset sale.
We have a willing seller and a willing buyer, described as a credible company.
The companies advising and executing the sale are first class.
The price of the metals in the market is known and a good estimate of their worth in the ground is known.
There is a good estimate of the quantity of metals.
The two sides can't be that far apart on price.
The deal is still on , otherwise an rns would have been issued.
Does anyone have a view on the potential reasons for the delay ?

After hours RNS for a reason.
This is either v good or v bad.
Hopefully we will now know where we stand.

Can I offer this observation to our board members.
Companies looking to acquire other companies do one of two things. They buy the company or they buy the business.
If they buy the company then they buy all of its shares and in so doing take on board all of its assets and liabilities.
If they buy the business they take only the assets they require and none of the liabilities.In so doing much less due diligence is required, and less risk is involved for the acquirer.
This is very normal practice in the M&A world.
I'm sure this is what's happening at EUA.

Last night's RNS was as clear and concise as it could be.It told us that the company was ending the FSP and concentrating on an asset sale.
The frustration on this board, today, is because everyone wants to know who is buying and for how much.
An agreement with the credible company has not yet been reached, so EUA can't issue an rns to tell us this.
Last night's RNS was very positive, and had to be made ,because the ending of the FSP is a relevant event. , but it was never going to make the share price take off.
To suggest that the RNS was vague is disingenuous.Just await the next RNS , with a price and a company name and then we will get lift off, regards James

Evan, you are right ,it is 3.6 p, not 35p. Oh well , what's a decimal place between friends ! Regards JJ

Hi Cornish , Very interesting figures. May I add something. If RMM was producing profits of $50m , then if we take a very low PE of 10 ,that would give a market cap of $500m , which is a share price of 35p ,regards J J

Troajan , I was merely suggesting a simple way of seeing reality with this share.You can increase the p/e, decrease the profits or raise them, increase the number of shares , .l won't argue with you. My comfort comes from seeing that it's not unrealistic for this share price to double.

Cloudbay, I like your realistic assessment.I think they may have produced more gold in 2020 than you have assumed. Say 3000oz. I like to keep it very simple just to see where the ball park is. So, say 10m profit, with 10billion shares, and assume a p/e of 10, gives a share price of 1p, but those profits are in dollars so .7p. Sorry if everyone finds my approximation too simple ,but .7p is a good return on todays price

No guarantee of a sale.

This is from the 'Investments can go up as well as down' box.

Hello urban racer
Thanks for your response. Having re-read my earlier post, I should have said that there is no scope for holding back good or bad news that is financially sensitive.
These decisions are not the executive directors decisions. Any information will be considered by the non executive directors and particularly by the companies advisors , who will instruct the executive directors to make public any information that they consider may be financially sensitive.

Sorry to interfere in this discussion.
I retired many years ago. I had my own company which I floated on AIM and ran as a PLC for six years until we were taken over.
I certainly don't know everything on this subject but I do have some experience.
The first comment I would like to make is regarding news.Any news ,good or bad, must be reported to the market via an RNS. There is no scope to hold back news..I would suggest that there is no news from GGP because there is no news!
Hope you don't mind me contributing. I'm a shareholder in GGP and I feel they could have a very bright future, but it's obviously not risk free.
Regards.

May I just make a small point.
The last RNS said that the initial mineral resource was on schedule.
The MRE is price sensitive information.
Therefore if a delay was expected the company would be telling the markets about this.
Best wishes.

An RNS is issued to make sure that the markets have any price sensitive information that the companies management may have...
So the company had nothing else to tell us about bond sales ....
So no (none) bonds have been sold.....
That must mean that no bonds are sold until all the bonds are sold......
So if ten funds had verbally committed to take 50m each and one could not complete then the whole sale would be pulled....
Or if sxx could only find buyers for 450m ,then the sale would be pulled.....

I'm of course considering this matter conceptualy, but those nine buyers will still be around when the tenth turns up...

I felt that today's RNS was very positive. It left me with a feeling that this is going to happen. Some commitment letters in January, well to be honest, so what!. More changes when I arrange to meet friends for lunch! When this mine is operational all the talk will be of anual production tonnage. At the start of the year the company will issue an RNS saying it expects to ship 20m tonnes in the year. Half way through the year an RNS might come out to say that the company only now expects to ship 19.8m tonnes due to operational issues. Things happen when you run a dynamic business, and things happen when you're pulling together a finance package like sxx is. This board knows what it's doing. Best wishes to all shareholders.

I felt

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