Member Info for Montmuzard

Either way, I think we're all good. I may sell a few on the date the circular is released simply because I've exited some other positions to stock up further here, and could do with replenishing them before they (hopefully) take off. But any EUA shareholder playing the short or long game is surely going to be a winner.

PS. Addendum: A more simply way of putting it is: if the full value of our assets is not being reflected in the share price now, there's no reason to anticipate that the full value of what is left after Monchetundra is sold will be reflected immediately in the share price then. Ergo, it's a big buying opportunity at that point in time for those who want to stay on board (and, if there is an issue of 500m shares, there will be a subscription fee to be paid to do so) but it's also a rational exit point for those who want to cash out fully and move on. Which, in my view, is the genius of the strategy that the board have adopted.

Although we all know the fair value of the company is well beyond where we're at now, I can't help but think that part of what is baked into the share price for the time being - as stagnant as it has been since the highs - is simply expectations of the asset sale. Markets don't clear or find prices efficiently, they are extremely sticky and irrational.

So, if the divi is (for argument's sake) £1, my suspicion is that the market will price the shares at not that far beyond it (say, £1.10 or something like that). Yes, we all know it should be much more, and, maybe if the board release a lot of additional news regarding plans going forward, it might consolidate at £1.25 or £1.50 or whatever. But, in my view, the Aim market is notoriously short-termist and lots of people will cut and run immediately at, say, £1.10 or £1.15 assuming they'll be able to buy back in down the line.

I hope so, anyway: my personal strategy will be to weather any post-dividend collapse in the share price and use some of my dividend to increase my holding in EUA 2.0 much further. But my expectation is that, regardless of what we have going forward and how promising it is, it's going to take many months and a few years for it to be reflected in the post-dividend share price. The irony, of course, is that it will be institutions that hoover up the shares of those who do bail out, which begs the question of whether there will actually be many for sale once that happens in the mid-2020s.

DmitrysCousin post translated: "Please sell your shares, the well is dry and I need to earn my ten pence".

A few traders seem to be taking profits: bouncing around between 21p and 21.4 or so. They would have taken 100K shares off me at 21.36p a few minutes ago, but 21p now. Not taking seriously big lumps though, which is interesting. Low volume and limited demand potentially reflective of PIs being locked, loaded and locked again in the vault with little dry powder left IMO.

Ooooh, we really are scraping towards 22p again: it looks almost like normal trading patterns have resumed, albeit with minimal volume.

Still no chart on Google… odd.

In other news the laughably named "Matrix Analysis" AKA "crazy cat lady" on Twitter is uber-positive about EUA today. I imagine at some point this week when there hasn't been an RNS yet she'll turn and start ranting about how it's all a big sham.

"Has anyone tried to work out what any possible future dividends would be from the proceeds of the Rosgeo JV?"

Very difficult to say, but my expectation - based on rising metals prices, MT being last non-consolidated palladium play, bidding war etc. - that, all together, the assets as a whole will return somewhere beyond £3/share by 2030. The shape that that comes in is obviously debatable, as is the extent to which current shareholders will have to buy back into the new company with the initial special dividend and so on. But the broad direction of travel in terms of value generation is unquestionable in my view.

Google stuck on 20.88 - buy price actually 21.34.

"The reason its quiet on here is that any people who formerly asked questions and dared to query the length of time this was taking were insulted and gaslighted into silence."

No they weren't. All sensible questions of all kinds from all posters have generally received a warm welcome. The problem is that most negative comments came from the perennially un-researched or disruptive bot hatchlings. They weren't gaslit. They were jammed into green coffins.

@frutsels - just noticed that myself. It seems to be doing it on other Aim stocks, but I wonder if it's simply that there haven't been many trades? FTSE shares don't seem to be affected.

“ He has a lot of time on his hands at the minute as well, that's a very good sign imho”.

I wonder if, if in the absence of being able to say anything, that’s the implicit signal he’s trying to send to PIs: “it’s done”.

I think we're close now. The Firstov appointment is a big clue, surely. As I said the other day, the word "interim" doing a lot of heavy lifting in the RNS. The complete lack of volume and kippers implies to me that the accumulation phase is over: the big beasts know that the well is dry. All we need now is for a spark to light the tinder, and when it happens, the palladium cannon is going to go off spectacularly.

The word "interim" is doing a lot of heavy lifting in that statement, for those sharp enough to read between the lines. So, er, not our green-coffined friends then.

"Konstantin has further been appointed an interim CEO (interim in the framework of the RNS released on 12 May 2021) of Eurasia's 80% subsidiary Terskaya Mining Company / Terskaya Gornaya Kompaniya (that holds the Monchetundra license and the Monchetundra Flanks license)."

How many more crumbs do people need laying out before them?

"...HAS FURTHER BEEN APPOINTED AN INTERIM CEO (INTERIM IN THE FRAMEWORK OF THE RNS RELEASED ON 12 MAY 2021)".

I mean, it couldn't be any clearer, could it? The 12 May RNS said clearly we're selling assets and he's our man to see things through to the other side on our behalf for an interim period. The fact that he is the former MD of Rosegeologia should put some lead in everyone's pencils too. It demonstrates clearly that EUA's governmental support is rock solid. Not long to go now.

The lack of an RNS is giving me comfort while sunning myself in this glorious weather. Poor companies fire out RNS after RNS about every little bit of detail, because they’re desperate to keep the lights on. These boys don’t care: they know the lights are shining brightly into eternity. It doesn’t matter jot to them what the share price is right now or whether the weak hands are selling out (so much the better in fact as the more locked away into perpetuity in patient institutional hands, the easier to manage your stakeholders). They issue an RNS every few weeks with substantive information. The next on is quite clearly a blockbuster and the longer it takes to come the bigger it will be IMO.

Nearly a month since the last substantive news (Nyud) and over six weeks since the completion of the Rosgeo placing. Wonder what they've been doing in all that time? A new RNS really can't be that far away.

Mad that PIs are still gifting their shares to whoever keeps snaring these kippers. One day, when the share price goes vertical and they're locked out, there's going to be an awful lot of regret and coulda woulda shouldas.

They didn't say "it's going to be substantial". What they actually said was, in an RNS:

"...the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets. The Board has decided to focus on this potential asset sale ... The Directors are committed to maximising the value for all the shareholders, and we are delighted to have received a proposal from a credible party that COULD ALLOW US TO PAY A SIGNIFICANT DIVIDEND to all shareholders".

I've got a tingling feeling. Can't put my finger on why. But I have. The thing about Eurasia is, whenever we're in a quiet period, it feels like news will never come. You can't quite believe it's around the corner. But at some point it has to be just around the corner, and then, suddenly, when you least expect it, BOOM BOOM BOOM, and you'll be unable to remember a time when you ever doubted it. We could be just hours or days away now.