The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It's the only evidence of any interaction with a possible buyer of assets. Nothing else credible has ever been linked to EUA.
I'm not your mate Wolfe, but you and the rest of the troll crowd mates of yours can keep wasting your time de-ramping this stock. Waste of time if non invested, just think of all the opportunities you are missing while living on this BB. It's now a place where internet weirdos go to find other weirdos.
Clearly people are more interested in tit for tat on the CS thread rather than discussing the possible links to a credible business who may be looking for assets such as those which EUA posses.
For sure I'm not happy with the BOD but I will be proactive in forcing them into a resolution. Tick tock.
Join the dots. PGM's needed for energy tech. Essar moving into energy tech. They seem to be vertically integrated. The missing part of their business is lack of PGM's. EUA has PGM's #synergy
#Essar stands tall as a global leader in core industries and is embracing new technologies.
We are committed to our #GreenBlueprint vision, shaping a greener future for all.
Join us at
@IndiaEnergyWeek
and be part of the change.
https://twitter.com/Essar/status/1755529723537678718
https://newagemetals.com/hydrogen-energy-impact-platinum-metals-new-age-metals-river-valley-palladium/#:~:text=PGMs%2C%20including%20palladium%2C%20platinum%2C,electricity%20from%20hydrogen%20and%20oxygen.
True the £49m may not all be to MM, the article reckons £19m but it's a couple of years old.
If THG are paying MM 12.9% for at least one of the buildings as mentioned in the article based on the price MM supposedly paid for the property, then this is significantly higher than average market rate. I would be interested to know the average return % over the whole portfolio to asses if THG is paying too much or not.
Thanks 404x. While I can understand the use of buildings being owned by the controlling family of a private company for pensions reasons, something my family has done, I find the situation for a PLC to be doing this to be sub optimal.
£49m seems very high to me and looks like a significant drain on funds and achieving FCF. However, I haven't looked into the portfolio of properties THG occupies so cannot make a true assessment.
If we know the Sq meterage THG occupies we can get a good idea of what a commercial rent should be for the whole estate, then compare it to what is being paid to asses if it is fair or not.
Okehurst, THG group had total outflows for leases in 2022 of £49m as noted on page 211 of the last accounts published July 2023. Staggering!
How did MM get the buildings in the first place? and are the leases charged at the prevailing rate or inflated?
The only glimmer of hope I have is that Essar may buy our assets. They fit the bill of a multinational company who operate in many sectors. They have people in common with EUA so to me all fingers point to them. Their timeline is an unknown but as CS thought things might have been sewn up by xmas (lol) then perhaps things are progressing. From experience I know large deals take time, and often just when you think all is ready to sign, something causes a delay at the last minute.
Having said that though, I do think it is time for a complete up front update from the company!
Some links to Essar and what they do.
Invested in metals and mining, green and blue hydrogen, shipping etc. $12bn annual turnover, debt free and expanding. Global reach. BRICS owned. Cultural links with Russia.
https://essar.com/inthenews/essar-group-bets-on-clean-energy-offerings-for-future-growth/
https://www.linkedin.com/in/eugene-burgers-2645bb2/ MD Essar capital. Ex VTB
His assistant is now Secretary at EUA, also Ex VTB
https://www.linkedin.com/in/anna-price-41bb977/
Artem Matyushok:
Current NED at EUA since May 22.
Current MD Strategy, Business Development & Energy Transition at Essar since June 22.
Watch the video for a commentary on the aquifer.
The uncertainty of the aquifer is being used as a tool by the shorts to sow fear. The recent shorts are relying on this to help their position. Let's leave it to the pros to dewater and re-commence drilling in good time and when safe to do so. This investor is confident that the company knows how to deal with this natural part of the mine development.
All pointing to big consolidation at play for this gold frontier. There will be a big winner. Will it be Rio? Fortescue/wyloo? or GGP? or some combination of the above.
Only just caught up with SD presentation video. I'm happy with his answers and confident that we have the ability to steer into a positive outcome that will hopefully boost shareholder value.
Thanks for the link. Very interesting. Been in Antipa for a few years and the investment has dwindled like many other explorers. The current disconnect between Gold prices and explorers is difficult to accept.
As gold explorers and producers can be held in pensions and isa's I expect them to improve in price as a proxy for holding real gold.
A restructuring would be very positive for the SP. Move MM sideways COO or Head on Vision or some other BS position, and get a CEO favoured by the city. If THG isn't leaving then it has to play the game by the rules of the jungle in which it lives.
Speedie, this is exactly the right time for GGP to play their cards close to their chest. We all (most of us invested) want the best outcome. This will be a very complicated negotiation with many variables. And that's before anyone else comes sniffing.