Member Info for Makeabundle

EUA will be a going concern for the 12 months following the Auditors’ Report if everything goes according to plan. It will go according to plan, if EUA is not sold beforehand. The buyers needed to know this and now they can be quite sure it will happen. Let’s see their staying power. it gives them something to worry about - end of the war- sudden leap in PGM prices - new competitor at the table. Every incentive to get a deal done now and not next year. Our Bod are no mugs, as I have always said. No better time for an honourable meeting of minds and a more than satisfactory deal from our point of view. It is likely the BoD will be more disappointed with the deal than any of us LTH!

What better man to conduct due diligence than DS himself. He is bound to know better than anyone if he is likely to get any loan repaid. Not surprising negotiations are well advanced for that reason - quick chat with CS would do the trick! Del as usual has his doubts.

The buyers have probably guessed this already. Are they going to wait till November 2025 for EUA to run out of money? Will they try to bribe DS? Montmuzard has already pointed out the immense difficulties they would encounter there.Just my opinions of course! Even Mr J-Straps probably agrees that all the essentials are covered.

Best offer? It would astound me if it is not appreciably above 40P!

I think the BoD must have received some of the unquantified tax rebates if they can continue beyond early Q3 till November. They no doubt would prefer to sell the concentrate to the buyer (simpler, less hassle) and may have sold none so far for that reason. However, their strategy could change and it is important that the buyers be aware of that. I am sure they are aware of that now (if they weren’t before).

Good thinking, Montmuzard. Bumps from the buyers were and are to be expected along the way to test the BoD’s shock absorbers. Some here would seem to be satisfied with leg of rabbit for lunch. Personally, I want the whole rabbit conjured from the hat. Then we can all applaud CS the magician!

I don’t think it is quite as good as some think.The message to them is: unless you buy the assets now, come November we will almost certainly publish satisfactory accounts and be a going concern until November 2025. Have you got the same staying power? I notice they have not yet felt the need to call on the million dollar loan facility they were granted some years ago and which is still available as far as I know. Between that, the concentrate, a second possibly larger ‘Facility’ and the Sinosteel Contract EUA’s position cannot be described as weak. I venture to suggest that the share price in November after suspension is lifted will not be less than 2.5P. There is a war of nerves going on behind the scenes. Our BoD does not intend to lose it, having held out for a good deal this long.

Back tracking?- Fast forward him into the Abode of the Bots, otherwise known as the wastrels’ bin/Green Cage/ oxygen deprivation unit etc

IKN, you only need two or three to scarper after these Tier1 world-class assets and the result is already well beyond 30P! Then the real bidding can start! I hope you are feeling suitably reassured now.

Touch and go whether he would accept 70P.

I would be inclined to accept that myself, mind you, being slap bang in the middle of the 50-90P range as my assumed starting point for negotiations. Imagine having 100+ days to consider buying well under 2P. Ah, those were the days!

That was a sore one for the —-factory. Right in the solar plexus. Half a decade - worthless — value your time. His investment of five years here will have been an expensive one if he is not able to gloat at LTH financial loss. Wait and see - I remind all LTH not to forget the closing ceremony and the vigorous two-finger salute to all inmates of the Green Cage.

People are forgetting that the Russian State is in the background here. The BoD will be acutely aware of that restraining fact every time they pen an RNS. It might even explain the paucity of communications, the nearer we get to a deal. DS won’t be selling his 16% for 40P - be very sure of that.

More than just GLG2 need regular contact with the Samaritans. Admittedly he/she is an urgent case.

Getting the books up to date (late, deliberately awkward request?) and the sale may be interconnected.

If so, the BoD could not give the full reason (no lie there) without the share being first suspended for obvious reasons. The Nomad must have agreed. Wait and see.

I would just love to be able to buy another big big bundle of EUA shares at 0.69P!

Wouldn’t we all?- but maybe not TrickyDicky2 and his fellow experts.Even Mr Hackett would have serious doubts and maybe decide not to risk it.

Good to see some understanding for CS’s position. Potanin probably thinks EUA should never have got their hands on these assets in the first place. Probably jealous of EUA’s standing with the authorities. He will turn the screw as tight as possible but if there is another bidder or bidders it is hard to see EUA not selling for a very acceptable price.

Could a big consortium from China and Russia get away with forming a cartel against our BoD?

I don’t think so.

Plonk the braying ass in the soundproof Green Cage as I did a long long time ago.

There could be a forced landing between 60-80P but definitely not a 40P crash.

80P+ is, in my opinion, more likely than 60p-. My reasoning is that 130P or thereabouts was a figure arrived by at least 3 separate routes. Let’s reduce that to 90P because of geopolitics. Assume that offers were not insulting and exceeded 50P. Let the negotiators get to work in the 50/60 - 90P range. All reasonable conjecture in my opinion (with upside rather than downside)

A tip and a wink: EUA is not going to run out of cash and fail at the last hurdle after 25 years.

If they have stopped work at WK, as the video seems to suggest, they are clearly and obviously not short of cash. They have all bases covered and will not have left themselves a hostage to fortune. I can well believe they are financially covered for many months. WK is a pillar of strength as well as a Jewel in the Crown!!

Tip for Tiffin: Tip the sad loser in the Green Cage. HE WON’T BE HERE for you anymore.

For the first time a vibrant young thing poses a danger to the rapidly ageing, verbally incontinent old bum from Florida, rather than the other way round.

As our ‘Enery’ said ruefully, when he lost a fortune as a Name on Lloyd’s of London.