Member Info for Kammy18

Shares_To_Buy, in a fire sale, based on current SP, I would say around £250-300m

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Kammy

For those disagreeing, I value your opinion and view.

When I say situation is like AMC, agreed, we don't have to find a £1 for infrastructure, but we're down to the last few pennies, we run out of cash end of Nov, hardly a strong hand at the negotiating table. Lets assume we get a buy, in honesty, in the current climate, with our financial situation, we're not going to get top dollar, are we?

Throw in the small fact we're in Russia, if, and its a big if, we run out of cash, and or get delisted, some Russian entity will pick up the entire remains for pennies.

I'm a project manager, with my risk management hat on, I'd say we're in the 'Red' zone right now

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Kammy

The company raised funds by issuing additional 590m shares at 1.09p. That's approx 10% of the shares in circulation by before the raise, albeit giving close to 50% against closing price on Friday.

We don't know when the raise was agreed, we don't know SP at time of the raise, but we do know company gave some 50% discount, yet now the entire shares in circulation are being hammered by 50% or thereabout.

You can't make this up, its orchestrated and 100% manipulation by people in the know and by the MM's.

AIM never ceases to amaze, these small minnows find huge valuable resources but only a handful will ever get to the promised land and deliver shareholder value. Anyone remember GKP, XEL, SXX, FRR, EUA, AMC the list is endless, jam tomorrow, jam tomorrow.

The SP at some point will rise again, if you're locked in it might be a good time to recoup some capital, never fall in love with a share, specially where the BoD have very little skin in the game.

For now, like many others on here, its now a waiting game, once the SP stabilises and shows sign of life I will review my position.

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Kammy

These are my views only; this is how events may unfold between now and Nov end.

1. Accounts get published, albeit with a red caveat that funds will run out by end of Nov

2. Funding - found to keep the business ticking over.

3. Sale of concentrate, to keep the business ticking over

4. Run with options 2 and or 3 in the hope a sale goes thru

5. Outright sale, however, it will be a fire sale, bit like AMC

6. If 1 to 5 don't materialise, then EUA get delisted

There aren't many crumbs of comfort left, having said that the BoD have big skin in the game, so if they feck it up we all lose. Situation is like AMC (I said it before a few times and got shot down), a fire sale, with dirty deals, directors rewarded handsomely, retail investor given zero choice, take it or leave it scenario.

AIM is slowly killing the golden goose, there are endless examples of companies with huge potential only to be sold for pittance, and or go under, i.e. GKP, XEL, SXX, FRR, these mentioned companies discovered massive resources but the management failed big time, in most cases the BoD weren't aligned with the shareholders.

Same goes here, directors of EUA have either mismanaged and or miscalculated, I think it’s the latter. We have the resource (no figures published though), the directors perhaps go greedy, had they pulled it off they would have been worshipped by some, they haven't, therefore now being crucified.

People going on about who called it right/wrong no purpose, if you are shareholder, happy clapper or not, if EUA goes into admin, then we all lose.

Nothing people say will alter the outcome, for the first-time things have become very and with a timeline. End of Nov, cash runs out, can’t publish accounts, then 31st Dec company get de-listed. Perhaps accounts won’t get published until funding is found and in place, once again, who knows, its all smokes and mirrors.

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Kammy

GLG2, I'm a holder but that doesn't make me a happy clapper, because I'm a realist too! Unlike many of the investors (not to mention names), who defended and talked about in-coming mega rich sale, I was always cautious, neither too positive, nor negative.

Whether people called it right or wrong, investors/holders won't walk away with a smile, there are endless who invested in the 20's, 30's, I feel for those peeps.

Special Ops fast racked EUA to this position, the BoD haven't helped either, we'll never know whether there was an offer, the board got greedy, they haven't been transparent and open.

AIM companies never cease to amaze, sometimes they give a pound with one hand and take two pounds back with the other hand.

Kammy

Chicomimi12, well said. Too too many weirdo's on BB's these days, we saw it today, new name after name appearing out of the woodwork, giving their two pence worth whilst gloating.

It was clear as day this time last week, ramping is was in full flow, peeps comparing with the likes of Novacyt and how its SP rocketed during the COVID period, I said it then and say it now, it was insane nonsense.

Now it's the opposite, scaremongering in its full glory to get in on the cheap.

Hold with confidence, sell and walk away with confidence, don't be swayed by rampers/de-rampers alike, they are two sides of the same coin.

In a way, we might get some sense and sensibility back here.

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Kammy

I think it might have been FRR (Frontera Resources), if not, I do remember an AIM company not so while back it had some 16b shares in play.

Top of my head,

Toffers

Mcnol (not posted anything today or not that I've seen)

GLG2, on the EUA he said he sold some on Thu, the lot on Fri, and then bought back a bit lower on Fri, and bough back today, absolute perfect timing, impeccable!

There are many others who've sold up, now, it will be interesting which way they swing to get back in.

Kammy

In-competence by the FD/ and LB, and manipulation by the BoD. The timing of the raise couldn't be any worse, why the heck they chose to raise prior to perhaps confirming a world class discovery? Could it be

1. Lack of confidence in the overall EWT results, perhaps the BoD weren't so confident and thought might as well raise funds now?

2. Point 1 negated by phase one EWT results.

3. Incompetence, had they waiting another few weeks for phase 2 results, and assume for a moment they're inline with expectation, could have raised funds at a much higher SP.

4. Manipulation, they did not mention expansion or acquisition at the presentation, they (LB and the FD) categorically focussed on the drill and EWT, so how and where this side show come from?

5. Manipulation, people in the know (mates, institutions and etc) bailed out to some degree, a few mates must have sold around the 2p plus mark, and probably bought back at much lower.

Accountability, FD is incompetent, just 15 mins of his waffling at the presentation was enough me, out of depth and clueless. Lorna, good geologist but not financial savvy, or she is it with the rest of the BoD and allowed SP to be manipulated for the benefit of a select few.

Fire the bumbling FD, and Lorna need to explain what's going on in clear and concise terms, for now, she has lost credibility big time.

My views only

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Kammy

GLG2, we're both in HE1, I'm in with a decent average, unlike some who hold around the 0.6p. With todays RNS and price drop and some uncertainty, and retail investor anger, I suggest you get behind EUA and and be a bit more positive, else you won't recouping your £25k locked in here anytime soon.

No malice in my post, just saying as you been saying lately how well you're recouping your loss elsewhere, by that I assumed you meant KOD, HE1 and perhaps another.

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I was never quite before.

When its good, one has to praise, if the BoD feck up, they need to be criticised and or held accountable.

Never, ever fall in love with a share.

Moorscloud, of course, still invested. I just don't ramp/de-ramp, say as it is, and right now my mood is no different to many on here. Having said that, its no surprise, a lot of these BoD are pretty in-competent, beggars belief how they hold such positions when causing so many car crashes.

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How does that work?

AIM is cooked beyond belief, MM's and lack of legislation is killing the golden goose, one day these MM's will be the local job centre and falling over themselves for the next UBER delivery person slot.

I agree/disagree and or differ with peoples postings, not the poster.

Nothing wrong with raising funds, but the timing is a complete mess, today sp could have 2.5p, instead those in the know sold chunks on Friday, and will now get back in and repeat the rinse and repeat cycle.

In my view, those claiming sp will fall to placing level are completely wrong, in theory sp should only fall by 10%, having said that, this is AIM and MM's will milk this news to the last drop.

I agree, LB maybe a top geologist, but she is being advised by a very incompetent Finance Director. I can understand the buyout of new business probably started months ago, but the placing is ill timed, at worse. I don't understand why they couldn't have delayed the purchase until completion of EWT, if results are as expected financing would not be an issue.

Graham Jacob should be fired for this financial mess.

Kammy

Darientaylor, what's your logic behind when you say the SP will fall to placing level? The dilution is 10%, so I would expect the SP to drop by same amount, finding a level at 1.5p.

Look forward to your logic and perhaps backed by some financial numbers

Kammy

Its unlike the previous dilution where they issues in billions. This raise is just 10% of the issued shares in circulation, in theory SP should not plummet down to 1.09p, however, the MM's will do their utmost best to scare and screw over the investors today.

Having said that, LB and her finance guy did say no more placing, and they were cornered during the last raise and had no options. This time around the options are clear, wait until completion of EWT, put out the excellent results and be in a position to demand a premium on the raise.

No doubt some share were forward sold, so people in the know are already in the money, forward sell, then back when the SP crashes and cash out when the SP stabilises and gets to a near pre raise level.

Unfortunately behaviour of AIM and AIM BoD doesn't change.

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Kammy

I say 500 mins......

Sorry, just couldn't resist posting this nonsense, but I won't that far out on my prediction

Have a great weekend folks

Kammy

Its quite funny to read the running commentary, SP is up, oh now, SP is down.

I'm in, oh no, I'm out. Fingers crossed brigade and all that.

You're either in, or you have 13 mins to bail out if you feel blood pressure rising and nervousness setting in, just make a sodding decision and don't broadcast it, no one is interested in your position.

In my view, very slim chance of an RNS on Tue morning, perhaps this time next Friday.

Enjoy the long BH weekend, and no amount of ramping, de-ramping and bickering will make any difference to the SP, or to the on-going Ops.

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Kammy

Get a grip people, RNS will land when the time is right, and it won't be today or Tue.

Perhaps this time next week, in the meantime go and enjoys what's left of the summer instead of pleading for news, live commentary or the 'RNS'

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Kammy