Member Info for Jonmo91

With the moody 25 UT yesterday this is not doing too badly at all

If there was a genuine leak it would be going through the 30’s or back into the teens, assuming the market had t got it spot on, not going to 25.5!

Yes that’s my assumption along with most others who were around at the time. I’m not talking about this board, I was on ii at the time. This isn’t a GKP forum. So I’ll leave it. There are clearly derampers on here both subtle and blatant, how effective they are is subjective. To think there would be none the other sign of the coin is naive.
AIM is mainly driven by sentiment as very few companies make any money. Where there is sentiment some will try to influence it to make money.
GKP was a perfect storm the likes I hope we never see again.

Yeah pretty much sums it up

I was around in the GKP days. Rampers cost people more money than the naysayers ever did. Both lots are at it.

Yes, I used to post under 91jonmo but deleted my account some time back. LSE then required a sign up to read the messages. I chose the nearest one I could to the old one.

The if you don’t like it sell up line. It’s healthy to question a bod. You can still be invested and want more clarity from a bod. It’s expected on large companies so I’m not sure why it wouldn’t be expected on an AIM explorer.

It’s either priced that the market doesn’t think the deal will happen, soon anyway, or it’s priced at the level it thinks the deal is at.

Something definitely wrong with our democratic process where Boris is getting hammered, rightly so, because he isn’t as good a liar or as careful at hiding the lies as every other self serving lying political piece of rubbish. They are all at it and always have been.

When there is enough buyers willing to pay over 25p in volume it will go up.

Maybe he fooled the 34 people who ticked him up

I would say it’s more likely a large enough holder that can get them to put that out. Can’t see it being PI contacting by email type thing.

Could be and the market was right all along or it could be multiple of todays price and the market was wrong. When it lands either side will say it was obvious all along. We’ll know at some point because as vague as the company has been they’ll have to let the market know one way or another. It can’t go on forever.

It literally says “further to the request of Eurasia shareholders.”

A large holder may well have wanted clarity after the EUA2 mention. Its not been released what’s for sale and no guarantee a sale will take place. Assuming a holder is expecting a sale, they may have wanted some public notification that the majority of the proceeds from the sale wasn’t going into EUA2 and the payday wasn’t further down the line.

As per the release, it was at the request of shareholders, and I’m guessing not PI

Thanks for the reply. I was thinking if they could get the asset sale under 75% by virtue of the JV they wouldn’t need a vote at an ‘EGM’ which would give them greater control. As you say, it’s fascinating to watch play out.

If EUA sell MT and flanks, possibly WK for the dividend and the JV stuff being for EUAV2, when the licence transfers for the JV come across would selling MT etc still constitute 75% of the business? If no longer substantially all of the assets would there still need to be a shareholder vote or could we just be told what we are getting. Whatever the bod recommend will get through anyway but without a vote needed they wouldn’t need to release any updated figures for MT.
Or regardless of the JV licences would MT etc still hit the 75%+ mark?

Broadly speaking there are three outcomes which we will hopefully see which one soon

There is a disconnect between what we are priced at now and what we believe and hope a deal may be worth. The market may not be able to correctly value as EUA for whatever reason, be it NDA, strategic etc, has not released which assets are for sale and there has been no updated reserve or resource figures. Once these details are released the market will value correctly, hopefully nearer to PI expectations.

The market has known what the deal is worth all along and a dividend sale is in the 25-30p region. More details of EUAV2 should bump it up a bit though

No sale. Value for shareholders will trump a quick asset sale if they believe it’s more value to go alone. The term strategy as previously announced could well mean the best value for shareholder.

Either way way we should know soon enough. The news is certainly ramping up in frequency.

That would be my dividend plus what the rest of the company is worth which would include the cash in the bank.