Member Info for Krayl49

If there were some rumours circulationg in the city then there would have been a lot more sizebale buys than we saw today.

That's a great rumour! Would that it be true.

Not sure their is any evidence for a takeover, but to answer your question about the closed period - it ends when they no longer have inside information that hasn't been published.

That is a very good summary which I believe - but the detractors will point out that First Equity are joint brokers for Eurasia and it is not an independant view.

I take that to mean that you are not convinced it is worth 10p. We have seen loads of data suggesting that it is worth 10p at least. if you think the data is wrong that I would genuinely be interested to hear some reasoned counter arguements. i really do not understand why the share is not at a higher level.

We all agree this is worth 10p and maybe a lot lot more - so why the f*** is it at 2.65p? Have we really got it so wrong? Is the rest of the world stupid?
Answers on a postcard ......

Hi Brunch - looks interesting . Do you have a link - can't get anywhere with the Insight Partners

Transcript from the interview - it's pretty explicit (even if he is wrong!)
14:30 We are reviewing the options for paying dividends
14:49 We have a big pile of cash which makes sense to give back to the shareholders, like me, who have been patient
15:11 $50 million we don’t need
15:20 That’s why we are considering options to pay dividend

We don't need the cash - so we can pay it as dividend

I started with nearly 5 million at around 0.5p then doubled my holding as soon as it started to rise a few weeks ago.

In the interview https://www.youtube.com/watch?v=d_YMY6yiMDE&t=1575s
Listen from 14:42 - he talks about the dividend

Brotherjoey. Thanks for the summary. I would like to pick you up on one point...
"When it comes to the payment of a dividend, rumours by both anonymous and/or agenda driven inadequate writers suggested ‘$50 million from a Chinese company, Sinosteel..will be paid in the form of a dividend to Eurasia shareholders’.
Of course, it is publicly known that this was never the case, and the remainder of the loan is to be used for advanced engineering and pit development work."
At the time I spent some time transcribing Dimitri's interview and that is exactly what he said - although I think he was wrong to say it.

Lose, not loose!

Thanks. I believe that the intrinsic vale without any sale is well over the current price so I am happy to keep my rather large holding.

"The cult will frown upon you now"
That is nothing compared to the wrath of my wife if I hadn't derisked!

I sold some at 3p so I am in for less than nothing.

My holding is at an average of 0.65p. If we get a dividend of say 20p then I will make £1.1million. If I invest another significant amount then I might make perhaps £1.4 million instead of £1.1 million. Is that of importance to me? No.
This is not the sort of decision I expected to be making - all the evidence points it to be true, but I just hope it is going to turn out that way!

Do you really think that de-rampers are in the pay of the MM's - seems highly unlikely to me

I see that 'Plumbers' doesn't exist anymore. I don't understand the motivation of these posters.

Plumb.
See the RNS of 4th Dec. The $50M is a sub contract of the $150M that SinoSteel are putting into M. I would not have a clue how much it costs to develop it but I am guessing that they do.