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Ha ha, yes, 80p would do me very nicely thanks!
I'd green coffined CTC for obvious reasons some time ago - along with all the other green gormies currently clogging up the screen, who are probably all the same sad basement-dweller with multiple logins - so missed his reference to me. Just went and had a look on a different browser. I have never once claimed that the company already turned down an 80p offer. That is an outright lie. For one thing, how on earth would I know that? Perhaps he's mixing me up with someone else: Montyboz/Rowka perhaps? Anyway, get back to licking your windows.
It's so tedious I've just had another little nibble. Final, final top-up was supposed to be two years ago, but happily chewing a few more up at this price.
Rums all round!
No it doesn’t. I understood that it has been progressed and took that at face value. That isn’t the same as the licence coming through (i.e. Eurasia taking part of full ownership).
Nonsense. I understood it: it means Rosgeo had progressed the licence. As we later found out, Rosgeo received the licence at most a few days before the 21st December corporate update was released. They could even have received it after that RNS was drafted. It's quite conceivable that the company didn't even know it had been received when they released that update. Who knows how frequently they're in contact with Rosgeo? It is a big old organisation: it comprises 37 state-owned geological companies, thousands of employees, managing thousands of licences and projects across by far the biggest country on earth, that straddles continents and time zones. It's not beyond the realms of possibility that the company didn't actually know Rosgeo had received it until the new year, possibly even when Egrul updated themselves.
1. The board haven't been silent. Read the RNSs back to back. There have been regular - if infrequent, compared to pre-February 2022 - updates, which is particularly impressive given (a) they're presumably still under NDAs and RNSd over two years ago now that they were very limited in what they can say in the public domain and (b) there is a WAR GOING ON and they are enmeshed in unimaginable complexity when it comes to sanctions, navigating relationships on the Russian side and so on.
2. They didn't "tell us one thing" about Nyud in December which was subsequently disproven by discovery of the licence on Egrul (something any PI could have checked for themselves if they knew how to research it and where to look). The RNS was clear: "A new application for an exploration license for the Nyud area has been progressed by Rosgeo and the Company will update shareholders on receipt of this license in due course". That is precisely what had happened. Rosgeo had progressed the licence and at the time of the RNS held in the Monchegorskoye company. Given that that company is owned entirely by Rosgeo, because Eurasia hasn't (and hadn't when they clarified in January) taken up their 75% yet through Yuksporskaya (nor the additional 25% which depends on the JORC CPR) there was nothing else they could say in December.
3. The fact that they are still being relatively quiet (although not silent, by any stretch) tells me everything I need to know as an investor. The sales process is still ongoing. The buyers are still at the table. It's obvious why they haven't transferred the licence to the Eurasia subsidiary: they are presumably waiting for whatever additional ducks they need to fall into place - state approvals for disposals, DFS approval, EUA2 acquisitions to be ready, whatever - before executing everything simultaneously IMO.
Until then, people need to chill the hell out or stick their money in Tesla.
@Chris - No worries at all (I do realise my first message probably sounded like something the other Monty might write, especially having not posed on here myself for ages). Still heavily invested in EUA myself and confident of a resolution there before long.
@Analytical - excellent, and thanks for all for the considered analysis!
Er, I'm not that Monti. You're thinking of Montyboz methinks. I've been invested in GLR since Feb 2020 at 0.58p so am very happy with the way things are progressing here. Just not surprised by the price action.
Incidentally, is Oiltap still around this place? Always enjoyed reading his insights.
Looks like the green gormtards are out in force again. Just filter and move on.
Traders gonna trade. Nothing on Aim goes up until serious news of revenues, disposals or dividends gets priced in. At the moment, as good as the news is, it’s still a long way to monetisation.
The prevalence of green coffins all around is often a very good sign of positive news inbound IMO.
It's a coiled spring: as soon as any positive news that signals the endgame starts filtering around the City - DFS completion, Nyud licence transfer, whatever - it's going to go parabolic.
Along with some big buys and a nice bit of blue. Can only mean one thing.
There'll be no development. Everything is done. It's already sold. We're now just waiting for the final lining up of the various administrative ducks IMO.
Traders out, price ticked up. Smart money holding for the long game.
Nobody is walking from the JV. They clearly haven't executed the 75% share of the JV company with Rosgeo, either because they want to do this instantaneously with executing the sale, or because they perceive that sanctions don't allow it. Either way, the price will be factored into the asset sale price and the buyer will be the one moving forward with the JV projects and making longer-term decisions on Poaz etc. I find it remarkable that the share price is down here. They couldn't have made it any clearer yesterday that the sale is on and we're now, finally, very close to the endgame.
Only one thing to say here really. Well done to all genuine LTHs on board the galleon. Polish the cannon! Stick the bot flies in a green coffin loaded with rocks and chuck them overboard. Rums all round!!
Barely 3 million volume today, just like every other day for weeks. That’s 0.1% of the company being traded. Possibly the same 0.1% as traders trade on thin margins, while clever people like Mr 800K accumulate from the impatient and frustrated. Who do you trust? The green coffins trying to "help you" by relieving you of your shares and the bored PIs selling less than 0.1% of the company, or the strong hands who are holding onto 99.9% of the company day after day?
"For others, ' there is none so blind as those who refuse to see' , yet those issues can't be discussed at an adult level cos the outer circle close it down."
Ah that old straw man from yet another reincarnated green coffin. Nobody shuts down discussion. What they do is argue, with facts, evidence and reasoning, against the various headbangers coming on here spreading FUD with their "it's a scam!", "it's in Russia!", "they're running out of cash!" nonsense. Another one for the green bin.