One thing I still can't get my head around is Tamerlan Abdikeev and the timing of his appointment, if we are close to a deal, what's the reasoning behind his appointment/
I was very intrigued by GFD's posts recently in regards to the EGM and they seem very plausible, but just can't help but feel we still have some way to go.
I originally expected us to be done and dusted by March but I was well off there, but in any case, in till the end.
I've noticed the trolls and shorters have decided to take a breather, hopefully someone cuts off their oxygen for good.
I think it's important to straighten the facts out dealer.
These individuals come across very well written and to the naked eye, look like they know what they are talking about, they mention the Takeover panel, they use comparisons to other companys and assets, like TBTT did with Tharsia.
To the untrained eye, they make their posts look very convincing, i.e the numbers TBTT used for Tharsia.
If anyone remembers TDT, you'll remember how well he used to come across, yet he disappeared from here and and the chance at any real debates at the first hurdle when he knew he was caught out when we began trading/FSP began, it was easy for him to chat garbage during suspension.
You realise he won't step foot in this BB again, same way TBTT won't ever post on GGP again, so it's important to drown them out.
'I find it interesting that you (and the other rampers on here) resort to personal insults rather than trying to actually rebut TBTT's arguments. He is spot on regarding EUA's actual valuation in my view, and when they are forced to eventually fess up and stop relying on this absurd record breaking bid-free 'sales process' the market cap will more accurately reflect the value (or lack thereof) of the assets EUA have.'
Try again, we can see all see the desperation, especially you out of all them, the fear in your constant posting and flip-flopping between here and ADVFN with the most lacklustre and nonsical arguments is comical and is a great watch.
When someone challanges you, you disappear or ignore the post, then revert to type with the same argument in regards to why the company wasn't taken out before, same thing PAAT does on ADVFN, same thing TBTT does, you simply haven't got the market acumen to be able to engage in logical debates, you just live in the conspiracy land with the other butt-hurt individuals who took the wrong call, in your case, the short.
Should have closed that short whilst you had the chance, oh well, it's more fun for us to watch, you'll be more nothing more than a LaughingStork once this proces is over.
'So, either the market cap of Tharisa is completely wrong, and its at least ten times undervalued. Or the market cap of EUA is completely wrong, and its ten times overvalued. (Or, perhaps more realistically, Tharisa is 2-3 undervalued, and EUA is 3-4 times overvalued).'
Doesn't work like that unfortunately TBTT, market valuations aren't as simple as ABCDEF.
You know that, we know that, the FTSE, the NASDAQ, the S&P, the whole bloody world knows that.
You can't say one company's MCAP is disconnected from it's current/potential future earnings, but say that the other company is correct, you're just cherry picking the data you want to justify your crap. Majority of MCAPs do not reflect the actual value of a company, whether that be under or overvalued.
MCAP is based upon more than just what you see today, it's about strategic planning, assessing opportunity cost, political factors, market sentiment, being first to market, being the beneficiary of first mover advantages and plenty of other factors.
You claim to be a Russian mining expert, the same mining expert who claimed EUA would lose their MT licence in a small claims court to NN, but, instead, EUA are in favour with the state and are being handed over licences hand over fist.
You're such an embarassement.
It's also due to the fact that the quick buck chasers have left and the value investors have entered, there's been a lot of strength at these levels but also a lot of traders who may have scooped up at 20p and sold into the low 30s/high 20s, add in a bit of manipulation and pretty much leaves us where we are at.
Will be interesting to see if we get another after hours RNS today.
Think Kira is Frances, looks like she's having another Rolls Royce moment where she sold out from EUA a few months ago, started deramping on Twitter then decided to buy back and began with the most awful Twitter ramping that I've seen from any EUA investor.
'The longest FSP in history, no bids and absolutely no independent evidence that anyone is interested in paying £700m+ for a company whose assets were valued at far, far less when it put itself up for sale 18 months ago. Instead, there has been £10m raised, with more dilution on the way.'
Once again, you should try and contact the relevant parties through the correct channels, ranting on about here isn't going to expose the conspiracy any quicker, be quick because I heard those UBS fellas are sly foxes.
Don't you want to expose it MadStork, don't you want to expose this farce of this FSP?
Or do you want to spend your next 2000 posts on here going off on one?
'No idea why the Takeover Panel is allowing this.'
You ever thought of trying to contact the Takeover Panel or the FCA MadStork and highlighting your concerns if it's that much of an issue to you?
'I may be wrong of course... I have been before... but if the Co had any intention of continuing beyond the next AGM, they would have tabled the other Special Resolutions that failed (?) to pass at the last AGM. One of those - the changes to the Articles of Association - would have meant that the next AGM could take place 'virtually' yet that does not feature on the Agenda for the EGM. Why? Because, IMHO, the next AGM will be the last for EUA as we know and love it.
Two final auctions on 29th April. The one for our Urals assets and the other for our Kola assets. Bidding by invitation only and restricted to those who have already made non-binding offers. All kept under the cloak of secrecy courtesy of the NDA's and the reliable discretion of our hosts.'
That's a quite interesting take and does sound very plausible.
Just trying to get my head around this Eurasia Japan stuff and how that relates to a full company sale, I'm still skeptical that it will be the full company but rather it will be asset sales.
The other thing I thought is, if it is a full company sale, could Eurasia Japan be a ploy to put pressure on bidders at the table outside of Japan, i.e NN? That we are willing to strike something with the Japanese and move forward if you aren't willing to meet our valuations, hence the references of a $21b net revenue company and the strong interest from the Japanese business community in PGMs.
Whatever the BOD are doing, you can't fault their strategic prowess, it's immense.
'The time frame is irrelevant and it not a dig. Many people here fail to understand that some purchased in the 30s and maybe 40s looking for a quick flip.'
Using your FTSE logic,
You could have bought Easyjet last year before the pandemic and lost tons of money and still be sitting at a heavy loss now.
The FTSE is going to fly regardless because it's the recovery trade for 2021, it had a terrible 2020 so the only way is up.
EUA is 110% up in the past year, I'm sure you are smart to realise shares don't go up in a straight line, if someone bought in at the 30-40p range, that is the risk they decided to take at that moment hoping for a quick result in the FSP.
You could have also taken another risk, for example, if you bought Easyjet in Feb 2020 despite the risk of COVID-19 lockdowns spreading to other countries including our own.
The stock market is risk, you only gain the reward by taking the risk, it's up to an individual to judge that risk.
I don't get this mentality of oh some people got spiked, others bought cheap, it's the stock market, when you make profit, it's because someone has bought in higher then you did previously, are we really going to babysit people's ability to make the correct investment decisions in 2021.
Honestly, it's a joke.
'Where are the facts now!'
The facts are there in every RNS and circular posted since the FSP started.
You can either accept it for what it is...
Or, you can conduct the Financial Conduct authority to report EUA for spreading false information under the Takeover code, you can contact the Takeover Panel for failing to address misleading information in regards to the Takeover code during this FSP, whilst you at it, you can also try to report UBS for representing a company and assisting in a fraud FSP.
All you idiots do is clown on about how these are lies, how farcical the process is, well, do something about it then, if you feel the responsibility to protect weak or newbie investors, conduct a process under the right channels instead of coming on these BBs doing 18 hour shifts to convice people to sell.
It's pathetic at this point.
It's just a pure battle between short-term rainbow chasers and long-term investors.
The get quick rich crew sell, a few holders top-up and more traders buy the lows, then rinse and repeat.
Eventually someone is going to get caught out.
Half of you clowns who come on here trying to spread fear, remember, everyone can see your posting history.
Everyone can see how you flip flop between shares, everyone can see how you use the standard old rampy phrases to push a share price up, then you move on to the next one.
Everyone can see how one day you post about how a share is a strong sell, and then the next week you're ramping the hell out of it.
LSE is full of total hypocrites it's unreal, the investor is a dying art.
Rowka's £3.50 at the time was based on a resource upgrade, so any prediction at the time of £3.50 was unrealistic with just MT and WK.
With the Rosgeo assets, £3.50 can seem more plausible but in my opinion still isn't realistic as a full company sale, if the whole company was taken out at this point, I'd say £2.00 is now the realistic value with £2.50 being the absolute premium, this is obviously because we know the resources aren't completely proven up yet.
I don't believe in a full company sale at this point, now I believe it will be asset sales, short term dividend and a fantastic long-term payout through the JV assets, what you may see happen though is if the assets are sold off in stages, you may end up getting asset sale values that result in a total dividend of £3.50 including MT/WK over the next 2-3 years.
£1 now for MT and WK, and then over the next few years payouts of another £0.50-£1 from further JV assets with every current holder at this time on a free ride would be absolutely fantastic.
To be fair, the majority of people around the different BB's and Twitter have actually quite rightly taken this as good news, you always get a few bad eggs who try and stir a bit of crap but this time around they've been drowned out, long may that continue.
To be honest, there isn't much left to say now,
They are left scratching their heads, the best I saw from MadStork or TBTT was why isn't the takeover panel all over this.
The Takeover Panel have to be satisfied with statements officially released and they specifically state that any false leading statements must be removed as soon as possible, EUA continue to refer to non-binding offers that are being progressed and or progressing strategic options with UBS as their advisors.
The Takeover Panel haven't intervened, and they won't.
Arrogance and ego are terrible traits, at some point, you have to just accept that you got it wrong, you missed the boat, your short got burnt, whatever, move on with your life and accept the L, saw on Twitter that even Jub can't hold it, they are still posting about EUA, wonder if the post was accidental? :)
' I pointed previously to the metal prices on the EUA presentation where they projected forward to 2020 and 2021, well those have been absolutely blown away and even if they were being cautious as is likely, the rises we have seen will have been a very welcome surprise to the BOD, so perhaps 12-18 months ago they would have accepted £2-3m but I am not so sure now. Maybe we are actually holding out for proper value and at the present time there is no one able or willing to afford us, so we press on.'
It's intriguing, something tells me all events from December up until the AC sale are all related to what we see now, including the Rule 2.9 announcement and the FSP update, it all points to the idea that the BOD were happy to sell the full company (maybe for 2-3 billion) at one point and were ready to move to a binding offer, but something changed.
Something changed and as a result, we had an FSP update referring to delays, we had AC releasing some funds and the Rosgeo JV announcement.
Wherever it goes from here, who knows, but it seems like we are about to be part of something huge.
Oh no, Sharebel is back!
Remember the last time he spent the weekend doing night shifts and then disappeared after the price dropped.
Looks like he's crapping his pants again, someone please get him a bloody nappy.