Member Info for Moneymaker2015

I was wary a few weeks back when gold dipped, thinking it would stall at the lower price for a while before slowly returning. Instead it’s absolutely flying! The rate gold has risen over the last 12 months, it could hit $2000/oz before we even start production! With less than 400m shares in issue, this will sky rocket when they announce a maiden divi, which will come much sooner than expected if gold stays on its current path too.

I would’ve been happy with circa 5p a couple of years ago, but when you look at some other companies and their sp, how we are not already passed the 5p mark is mind boggling. I’ll use GGP as the prime example, they have 3x the number of shares in issue and are much further behind AAU in the production department. However, their sp has jumped from around 1.5p up to the current 5.2p mark in just a few months and they aren’t even making a profit yet. It makes me think that if other companies are doing it without any positive financial news then surely at some point people are going to take note of the fantastic job the BoD are doing and start buying in to this.

I do honestly think this will be AAU’s year, it just needs an antagonist to get it doing. Hopefully it will be news of a deal and then we’ll jump to atleast 5p, then hopefully they’ll bring out any news of a divi separately so we’ll jump again.

Who cares about LC, he’s not making all the calls himself. CS is the reason why I’m here. He’s worked at some noteworthy positions previously and has done a phenomenal job with EUA. He’s the one likely at the forefront of the mining with KAT and our coal assets.

In December the BoD finally gave a deadline for all nine revenue streams (48 Months). If this is achieved, it’s fair to say we’ll all be saying what a great job LC has done.

I mentioned yesterday that they were haemorrhaging money. I didn’t know they were also trying to raise funds just to stay afloat. Definitely not the kind of clowns you want providing financial advice when you’re looking to offload an asset valued over a billion dollars. Providing we do indeed appoint another Nomad, which reading the RNS yesterday sounds like we already have someone in mind, I think we can all agree we’ll be better off without those Monkeys onboard.

If I wanted an argument I’d speak to the Mrs!

Seeing as there’s so many wild thoughts flying around, I thought I’d throw another conspiracy into the mix...

CITIC Merchant Co. Ltd specialise in ‘China’s overseas acquisition particularly in resource and energy sectors’. Considering Sinosteel are already a potential stakeholder in MT, they are a state owned enterprise, have made numerous overseas acquisitions already and have the money to continue doing so. They are better positioned than anyone to make a potential bid for MT.

Food for thought, but fingers are pointing to SS for any partial acquisition...

Nothing would happen with them as they are non-related. Their sp would likely go down for a short period as a lot of shareholders would lose faith in him. However, if the company did delist, they would likely just relist again once a new Nomad is on board. Remember, if a company delists, you still own the same percentage of the company, they just won’t be trading on the same platform anymore, in this case the AIM.

With all the good news we’ve had already and are likely to receive in the near future, I wonder how long it will take us to hit the 10p mark. I’m thinking probably in about 12 months. However, an update on being debt free will likely nudge us up slightly, then solidifying a partnership should hopefully give us a decent nudge, then any announcement regarding a dividend should definitely give us a good kick upwards.

Reading all this speculation is very amusing. EUA is still a small company, only a few months ago our market cap was tiny. Now a few months later (with very little change), a general update on our operations and change of Nomad has gave way for over 350 comments today. Some of the rubbish people are spouting is hilarious.

Just sit back and be patient... If we re-list and the share price goes up or down, just carry on dealing as you normally would with any share. If we don’t ever list again and you lose your money, take it on the chin and learn from it for the future!

Why are people concerned about the Nomad changing. WH Ireland are dreadful as a stock broker and have lost a lot of people a lot of money. They’re also absolutely haemorrhaging money themselves as a company. Surely it’s a positive that they’re not advising us on financial issues and that another Nomad is is likely to take over before WH Ireland’s notice period expires. Unless you think it’s a good thing that we’re being advised by someone that drastically needs financial advice themselves...

Monchetundra -

15M of pgm. I’ve forgot the exact percentages so let’s work on the conservative side and say that only 10M is Pd;

$2,200/oz - $800 (a very conservative cost per oz) = $1,400/oz

10M x $1,400 = $14 Billion to EUA

Those are very quick and very conservative fag packet calcs. Not bad in comparison to our market cap!

Remember, that is the reason why this is a good investment opportunity, not because you could make a couple of quid if the company decide to sell-up...

Who cares if it drops below 1p in the short term. The whole ideology of investing is because you believe in what the company is offering. It would jump back above 1p again later down the line anyway, so no issue.

£600k is cash positive and for a company requiring very little capex (if none at all) it is a nice little cushion. Plus, they only had £300k when they released the financials in Sept, yet a lot of people were happy to pile in here after that. Considering this will be EUA’s first season of mining on their own and receiving 100% revenue, they will be more profitable than they have ever been in the past and will have a direct say on how things are to be done.

Just read that RNS and it’s exactly what I wanted to hear. I know a lot of people are thinking small and want a quick sale, so will find a downside to everything that isn’t news of a sale.

You need to all start thinking bigger! Once the flanks application is received EUA can start drilling programmes. Confirming resources would dramatically increase our value in any potential sale. Think even bigger again... If we were to proceed to production ourselves at Monchetundra, in 5 years we could be pushing on 200p+. I’ve only got 1M shares here but for myself that kind of sum would be life changing!

Personally, I can’t wait until we go back on. The sp is going to plummet, especially now that any potential sale is likely to be months away at the least. This will be a perfect opportunity to accumulate further. Provided it stays above the 0.45p that I got in, all’s good.

I like how he has mentioned again that work at Bordersley is continuing remotely. It’s a pre-fab mechanical unit, how much could they possibly do remotely! It will be interesting to see how long it takes them to get it up and running after lockdowns have been lifted. I’d be surprised if they have more than 1-2 weeks on site.

I’m waiting out for the financials in a couple of months, even moreso if we do bring the new partner on board. It could be the maiden dividend to shareholders as we’ll have cash in the bank and no outstanding debt. The amount of cash however, will purely depend on the new partner [fingers crossed].

All hope isn’t lost, see Cenkos broker note...

https://ufile.io/r6a6jjxi

To be fair, there are still positives, literally what you have mentioned. However, PMO leaving isn’t a big deal. This drill was worth little to them compared to some of their other current exploration works, they barely uttered a word of it in comparison. The current market conditions have taken a huge toll on them and further exploration on a sub-standard patch is not worth the risk and cost. They may have opted to leave even on good results due to the current market conditions.

I’m not saying it’s good news by any means but the company isn’t completely written off just yet and anyone getting in today sub .50p could make some immense returns.

Just for references, I’m bailing out myself today and will see anything above .20p a success. For anyone staying in though, there is still light at the end of tunnel, the risk has just increased slightly. GL.

Arkaded,

As this is your first investment, don’t be too dis-heartened. Think of it more as a learning curve. When I first started investing I’d lost £10k before I started making any money. The best advice I can give you is have a diverse portfolio and try and have a bear minimum of 5 investments at any one time, eg if you have a budget of £5,000 to invest, spread it equally over 5 different companies and over atleast 2 industries/sectors. Unfortunately, if you want big games you have to go for company with more risk (88E prime example), you can reduce the risk by spreading your investments out though.

The hardest choices are what you’re faced with now. Sell-up and take at a loss or hold and hope the sp goes up in the future. Here for example, the HRZ has potential to take us above 10p alone. However, there’s no guarantees it would ever get there.

... and clear up all this dust that DW has left behind over the years!

I can’t believe he’s drilled another duster!

On the plus side, Lima may be commercially viable, it will be interesting to see what comes out of the data.

Both very good posts. Hoggit, one thing to remember is that those on those previous sp spikes, the drills were high risk (which was proven by the dusters). If we can prove commercially viable oil, the risk will be significantly reduced and will therefore attract much more attention. The biggest issue we would have after decent results is the current oil price. Hopefully that will be sorted shortly too though.