Member Info for Krayl49

This is the wierdest company. It is an investment company which does not appear to have made any investments, but has had money put in by American billionaire Stanley Hutton Rumbough in Dec 2019 and June 2020. It makes a loss, presumably by paying the 'Directors and Advisors'.
I note that the advisors include Dato' Sri Dr. Alex Teh Chee Teong who, wait for it, is described as the Personal Business Secretary and Advisor to His Highness Y.A.M Tengku Azman Shah al-Haj ibni al-Marhum Sultan Hisamuddin Alam Shah al-Haj (Tengku Bendahara of Selangor)

Someone was willing to buy his 27,400,000 shares at 29p - I wonder who?

I was forced into finding out about PB when my TRX shares were suddenly offered at a large discount (about 70% I think) and fortunately I was in a position to take up the offer. That has since proved to be a very good investment which I still hold.
Since then I have taken up 2 other offers (before AGM) in shares I knew nothing about which were being offered at large discounts and both I sold at a small profit in a short timescale. Lets hope AGM proves to be the same - when I get my shares I will have done some research and decide whether to hold.
As others have said you cannot transfer the shares directly to an ISA so any immediate profit is taxable.

For buy/sell of £1000 I have just been quoted 0.209/0.2025 so not a bad spread.

I assume that the Blackrock holding is (mainly) held within the Blackrock World Mining Trust (BRWM), although this has not been specifically stated. This is an actively managed IT. I have seen some mentions on here about a tracker fund, but I can’t see which this would be.
On 2/12/20 Blackrock increased their holding in EUA from 19.9M shares to 32.3M, which again suggests an active decision rather than a tracker. This was bought at 38.7p.
The last published breakdown of BRWM for 30/11/20 had only 1.2% invested in Russia, which would be £10M. If the above assumptions are correct then the EUA holding at that time would be £7M.
My point is that Blackrock, the largest Investment Management company in the world, has made an active decision to invest in EUA.

The spread is not as bad as it appears. At the moment the actual is 0.163 to buy and 0.151 to sell.

I like to know that the Directors have skin in the game (as Mr Positive called it) but I am having difficulty understanding the skin here.
The only RNS shows that CFO Paul Carrol bought €10,500 worth of shares on 5/3/20 (wow – he’s showing commitment!) which has now shown a tidy profit.
The company website states that no directors hold any shares, and the LSE summary of director’s transactions also shows no activity (both apparently wrong).
The largest shareholder by a long way is Tom Anderson, holding over 20% of the company, though he is not a director. It is interesting to note that during the sale of Barruecopardo Mr Anderson was included in the discussions so he clearly is influential. There is a reference by Mr P that Mr Anderson has a ‘man on the board’ which I would like to know more about.
In the very short time I have been invested here I have made a decent profit, but it appears to be based only on trusting the BoD that they have made a good purchase – and they have little direct commitment. I have to assume that Mr Anderson is keeping a careful eye on his investment and has approved the purchase.

Mister Positive:
"Our CEO Anderson is the biggest shareholder, so lot of skin in the game."
Thomas Anderson is the biggest shareholder with over 20% of the company but I can see no record that he is an officer of the company. The company website states that no directors hold any shares in the company.

On the other hand I see that the Directors have no share holding, which goes against one of my criteria for holding a share of this type.

I am new to this share (from a recommendation on the EUA board) and it is this 'create substantial value for shareholders' that caught my attention. That, and the share capital of around £8M which does not require a lot to move it in the right direction.

Mac,
An interesting concept, that crypto currencies backed by metals could be the new version of paper currency backed (originally) by gold. The difference is that paper can be printed as much as you like, whereas cryto currencies have an intrinsic value due the difficulty of creation (at least until quantum computers become a reality).
Crypto currencies don't really need anything to back them - but given way they wildy fluctuate in the market a method of tying them to precious metals could be the answer, and we could be in a very good position to do that.

I have always thought that it would not be a simple cash offer (nothing about this share is straightforward!). I was thinking maybe a part cash, part shares, part future profit sharing deal, but Lybrion chucks in a whole lot more complications. No wonder the lawyers have been busy for weeks. Just hope that their fees don't take too much of our profits!

Exactly my view. One can be optimistic without being certain - and one should not be criticised for having just a little doubt. I have a very large holding which I am not selling, but I am sorely tempted to cash in some profit.

We are getting a load of buys of just a few shares, all at 42p. Any idea why?

..... but I was asking the same question when the price was sub 1p.

Nothing in this life is certain. Putin might decide to nationalise the mine tomorrow!

NN Shares:
Thanks for your replies. If we get the option to sell the EUA shares in the market before the sale goes through then that will certainly be my preference. I am not sure that the broker would automatically sell the NN shares - I think when a similar thing happened before the broker contacted me about moving the shares to a non-ISA account.

Did we ever resolve what would happen with an NN share distribution held in an ISA? Could they be cashed in instead of moving to a non-ISA account?

Viv - we don't know what form the sale will take but the price won't be momentary. It is likely the SP will rise to just below the planned sale price then you will have the chance to cash in or wait for the sale to go through.

"After EUA what do others here feel is another solid investment, I have been looking at GGP was curious whats others opinion is if any ?"
Not sure if solid investment is what you are looking for - if we are wanting something to follow on from EUA it is surely going to be a speculative high flier. I am looking at small Pd plays and in particular the Canadian companies PDM (in which I have already doubled my money) and VO (Valor).
The other play in this category is the Munni Munni resource in Australia, which is curently owned by Artemis but is trying to be bought (in dispute) by EEE.