Member Info for Montmuzard

@TheGP - agreed totally.

I've been invested since October 2019: my first buy was at 0.92p. I lurked on here for an awful long time before posting. So, I've been invested in EUA longer than you and am very happy to hold for as long as it takes.

Either way, it doesn't really matter. But I'm astounded that you make a living from trading if you panic this much and demonstrate so little patience. Or, maybe that's it: you're waiting for a quick turn in the SP so you can sell in and out, which is why you're freaking out so much.

Just a few days ago you were literally on here talking about needing a paddle and bailing: it's probably not a surprise that people are responding to you by saying just do it then.

My word there are some whingers on here today. Funny, the SP takes a little tumble, and suddenly all these annoyed people who hardly ever post on here - some of whose accounts are merely days old - come out of the woodwork to talk Eurasia Mining down. It's almost as if it's an organised conspiracy!

The thing you muppets forget is that we've all done our research. We've read years-worth of RNS's. We lived through suspension. We lived through the big drops that came before it. And some of us lived through years upon years of investing before that when today was just a speck on the horizon. Many of us are sitting on 1000%+ gains and have already top-sliced so we're on nice free carries. Our patience is unbreakable. We're holding to the bitter end. So you might as well just give up.

It's not rocket science. The reason the SP is down is because the MMs are trying to shift shares from impatient PIs - who are in turn being preyed upon by the doubting Thomases with their reasonable doubts and "this has months to run yet" and "we need news now" nonsense - so that they can fill the massive orders which are going to be printed in an hour or so.

The special divs are out in force today. Must be getting very desperate for stock now.

Morning shipmates! I trust everyone enjoyed the bank holiday sun. I see the special divs have been out in force. That tells you everything you need to know. As does the £400k kipper landing after hours with, presumably, more to come. As such, I’m not remotely worried about the share price. I also have a sneaking suspicion that the BOD is going to have a bit of fun by dropping the next big RNS intraday to catch a few shorters and naysayers out. Anyway, just stick em all in a green coffin and leave them to their soggy biscuits and 10p ball pond. It’s close now...

Kira/Frances is ranting to herself on Twitter again. Apparently her new theory is that EUA have given the IIs buying into the recent placing preferential status so that they'll get bigger dividends than everyone else (including, presumably, the board).

As far as I can see, it's pretty clear that this isn't the case from the RNS:

"The total number of ORDINARY shares to be issued pursuant to the private placement, and assuming exercise of all of the Warrants, is 106,613,502 new ordinary shares, which would represent approximately 3.72 per cent of the Company's enlarged fully diluted share capital of 2,865,315,183 ordinary shares. The Placing Shares and Warrant Shares WILL RANK PARI PASSU IN ALL RESPECTS with the existing ordinary shares of 0.1p each in the capital of the Company".

If they were offering preferences they would have had to declare it, noting the differences in rights accruing to each class of shares. Isn't she supposed to be a legal eagle?

Still, nice theory if you were trying to scare people. I think the answer to her question "what have these instis been offered in return for taking up the placing at market price?" is pretty obvious: they've been able to buy 1.85% of the company and have an option on another 1.85% without having to do it on the open market and making the price go immediately through the roof which will, in turn, pay stonking amounts of money in short order with a special dividend and then even more as the Rosgeo JV gets underway. It's not rocket science.

Yes, the FSP has ended.

@GFD - Cheers, I haven't seen anything from Dore because, er, he's on my filter list. I can't help but think half the people on here moaning about how long it's all taking are actually botflies themselves, using a bit of reverse psychology to prey on the doubts of others and get them to give their shares up cheaply.

You can't un-find a mine!

I can't remember who said that the other day, but it comes to my mind a lot and gives me a little chuckle. This is why all the deramping is pointless: even if the sale falls apart, it doesn't matter. EUA is sitting on these licences until 2038 (at least) during which time their value is only going in one direction.

Just read this excellent blog post, based on a recent Resolution Foundation report about what is required for Britain (just Britain) to deal with the five major disruptions to its economy: Covid-19 and its aftermath; Brexit; The transition to a Net Zero Carbon economy by 2050; An ageing population; Rapid technological change. The first two are dominating most economists' discussions at the moment, but Net Zero is an absolutely massive, fundamental reordering of economic activity:

https://flipchartfairytales.wordpress.com/2021/05/26/the-2020s-disruption-you-aint-seen-nothing-yet/

"The world will have to transition from a *carbon-intensive* to a *metals-intensive* economy. Cutting the use of fossil fuels requires a massive amount of metal. We have barely begun to think through the environmental implications of this, let alone the way that jobs will be destroyed, created and, perhaps most importantly, changed. This will be the point at which the move to decarbonise the economy starts to affect people’s day-to-day lives. The UK has made significant progress on decarbonisation in the last three decades but most of the changes have happened in places where most of us don’t see them".

Metals. Intensive. Metals.... Intensive. Metals-intensive. Keep saying it. Now, who is sitting on a lot of rare battery metals waiting to exploited? By the time they're running Joe Public's houses in the 2040s - and, remember, Britain is a small country relative to China, Brazil, India, Indonesia, USA - we will have sold millions of ounces of them with prices many multiples of where they're at now. Hence, why I'm holding every single EUA share for as long as I possibly can.

@Juney - cheers! I meant to say that the recent raise should be viewed in light of my last point about rights issues. Companies, especially those with massive assets and limited revenues, are always struggling for cash. The IIs know this. They also know that takeovers can take a long, long time. It's hard enough keeping a revenue-generating company going (during a pandemic) let alone one with no revenues.

Normally, the big boys - both the major firms trying to buy the assets and the financial institutions - can starve a minnow like EUA into submission and, if they can't buy in via manipulation, force it into a rights issue. The reason this works as well as the accumulation by manipulation strategy is the same: kitchen sinks.

Those of us with big holdings that we mainly grabbed in the early days don't have much cash to participate - my EUA holding ultimately cost me 30% of my life savings and is worth around 70% of my portfolio! - so our big profits get obliterated that way. Latecomers are different - they have 30,000 shares or whatever and can take the dilution as long as they exit with some profit, any profit - but the effect is the same. The IIs load up.

So, the $20m that EUA have just raised, whoever the American is, is at least in part about insulating the BOD from any games. They can keep running the company, doing what they need to do on the JV, while saying to all those who have designs on the assets "don't mess about, as we can stretch this out for as long as we need to".

Like *it* did, not I..! I wish I had a million... :-)

I think everyone is looking at the SP the wrong way round. Those that are frustrated are seeing their frustration as an outcome of the stagnant share price, but they're not thinking about the other side of the equation. Social scientists call this a "dependent" variable (i.e. the effect of something). But it's also an independent variable (i.e. a cause of something else).

The big boys know that people get frustrated, and when they get frustrated, they sell out. This allows them to accumulate. So, they've spent months now manipulating the share price: they know that most PIs are fully loaded and have no kitchen sinks left, and those entering late in the day can only really swim in their slipstream since the SP is 5000% up from the lows when many LTHs bought in and their £5K here or £10K there only buys 20,000 shares or whatever instead of a million like I did a couple of years ago (!) In a situation of low volume, they know they can keep it in this range and keep accumulating, but only if LTHs sell. [By the same token, they also can't go below 25p it seems: that floor, which, presumably is the point at which volume would increase dramatically, should help us all sleep at night].

What easier way to make PIs sell than bore them to death? As they look around and everything else seems to be going up - while the special divs come on spouting rubbish - eventually they go "sod it, I've had enough" and sell out at 26p straight into sticky institutional hands. Thus your frustration is both an outcome of the stagnating share price *and* a cause of you to sell. The hidden loop that ties all this together is the institutions parking big sell orders just above the bid, happily recycling some shares in and out with the mini-peaks and troughs, and siphoning yours off into their vaults.

It's textbook. It happens on every single share awaiting a takeover: no news for months, lots of stagnation and frustrated PIs, then, suddenly, BOOM, the impatient are all locked out and, as Tilly says, it's raining kippers. As someone said the other day, the IIs think they have *a right* to our shares: we've made our money, this lull is the point at which they tell us to be good boys and move on. They can do it via manipulation or they can do it by leveraging a company's need for cash and diluting PIs via a rights issue (the fact they the BOD haven't done this is to their credit, and shows just how brilliant they have been for us up to now).

The mad thing is, we all know this! Your boredom and frustration is your enemy. Your patience is your friend.

Well look at that, a 2m+ kipper lands for over half a million quid, and whaddya know, the green coffins AKA "special divs" all head off back into the sea. Like clockwork. Parasites.

If the BOD did that to spite PIs they, er, would be spiting themselves, since they're large shareholders too.

"..I know there is little chance of making a significant return on my investment, I just like throwing my money away"

Quite. And if there were any flashing red lights, the investor would have, er, secured a substantial discount as with normal Aim placings, which they didn't.

No special divi for the special divs!

Bet the green coffins are cacking it now. They've all looked up from the soggy biscuit round at Jub towers and realised they're all holding it, but it's crumbling all over them. Grim!

Newsflow likely to speed up dramatically now. My suspicion/hope is that we'll get the circular close of play Friday in advance of the bank holiday weekend to take us serenely into June.

Rums and gargantuan special dividends all round for all sailing these calm waters aboard the galleon with the shiny palladium cannon polished, fused and about to go bang.

Dirty, stinky, billious sticky crumbs all round for the special divs writhing around on their shared bed of 10 pences.

Lifetime ISA bonus just dropped in at the right time: took another grand's worth @ 26p. That's me done now at just over 550,000 shares. Anything in the region of a quid for this *first* (of many) dividends will do me nicely ta.

"The only time we as shareholders will see any actual dilution is when the dividend is divided up/calculated?"

Unless, of course, the very fact of issuing the new stock has improved the BOD's negotiating position to the extent that they can extract an even higher price!

It's clearly Anglo or Tesla. Which is clearly why they're keeping schtum.

"We look forward to providing further updates".

So do we, especially since we're in an even stronger position than the one we were in a few months ago, which was also very, very, very strong.