Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Down 7% on a piddling 7.2m volume where 70% are buys. If that isn't manipulation, I don't know what is (laughs).
Nothing to fret about. Only if you are trading or need an urgent cash call.
Ignore the green noise. It will cease when they close their shorts or when the BOD release the Kraken.
Royalty payments would give us investors' a steady, increasing income (tax-free, if within an ISA) and make it initially more affordable for an interested party or parties to buy into.
Win-win, as they say.
· As announced via RNS on 30 September 2021, since the receipt of the Proposal in May for the potential acquisition of substantially all of the Company's assets, additional interest from other parties is being considered by the Board. (IMO - a bidding war or the option of the proposal becoming a consortium as different parties want different things i.e. NN want Ni and the Japanese want PGM's for their hydrogen revolution).
· It is the Board's intention to advance several options with advice from UBS, DLA Piper and other advisers. (IMO, one of these options is EUA Mk2 - the rinse and repeat of the Kola JV after selling MT, MT Flanks and, possibly WK). Another is a royalty payment scheme for the life of the future mines'.
It appears the event is going ahead and it is only the live feed involving EUA that has been pulled. IMO, likely on the advice of the nominated advisor/UBS/DLA Piper.
I also believe people are reading too much into this MoEx thingy but very happy to be proven wrong.
Having said that, if there is no news, I am not going to 'be disappointed' as I have done my research and have faith in the BOD.
I believe Eurasia Mining is on the cusp of greatness and I, for one, would be a fool for letting my emotions get the better of me and sell my substantial holding. I invest based on research, more research and fundamentals not emotion.
Any action by the trading crew or MM's to drag the SP down will see me gratefully top-up unless the fundamentals have got worse. In the last year and a half since I have held (and added) this stock, the fundamentals have got better and better.
GLA.
I personally think it will be to promote EUA Part 2 (the rinse and repeat of the Kola JV after MT and WK are sold) and, as such, I would expect a RNS detailing this prior to Monday 8am. However, we cannot do anything about EUA Part 2 until we have the Nyud licence (and there is no indication it has been awarded yet except it is in 'the advanced stages' from the RNS two months back.
They could already have it and it has not yet been recorded in the public domain and are holding this back as it has been part of negotiations (of which is allowed for that reason, I believe).
So, I do see a reveal of some sort on Monday and a RNS before the show starts.
Aye, Brit.
There are a few of us on the good ship Eurasia, myself included, that cottoned on about this undervalued mining exploration company with tremendous potential from JT.
Next time I pop to my hometown, Redcar, I will be giving him another toast of rum at the sea wall along the promenade at high tide. A gentleman, if I ever saw one online.
I'm from Redcar and it is home to the world's oldest lifeboat (Zetland) - most fitting.
https://en.wikipedia.org/wiki/Zetland_(lifeboat)