Member Info for Montmuzard

I didn't tell anyone to sell. I said if they are so disappointed in the company they have the option of selling out if they wish.

It's remarkable calling LTHs "broken records" for point that out to be honest. And also fairly annoying for those of us who've been invested for months and years (and, in some cases, many years) to have a bunch of people turn up and start moaning when they haven't had their desired-for payout after five minutes.

"Dimitry said he was in no hurry to sell and would not be rushed, what bit of that statement did people not understand ?"

I don't think they're even aware, because they haven't read any RNS's, watched any interviews, or done any Googling.

"There's plenty on here just want the end now not just me..."

Good for them. They're welcome to sell out too.

I didn't say I did know what's going on in the company. I said that my research gives me confidence in my investment. If you're running out of patience, feel free to sell out. Nobody is forcing you to remain invested. There are plenty of institutions who'll take the stock off you at this level.

"Its not the time of holding a share thats the issue its the never ending " is it today" "its coming""

When have the board ever said that? If you're swept along by whatever people say on a forum like this, rather than being guided by your own research and official news from the company, then maybe that's the problem. The board have, as far as I can see, fully delivered against any reasonable benchmark: they're in an FSP with NDAs, they have massive investment banks and lawyers working for them, they have issued an RNS explaining why it's taking a long time, and they've said since Dmitry's interview nearly two years ago that they wouldn't be rushed. Anyone expecting otherwise needs to recalibrate their expectations.

"The last few RNS's kind of felt as though they were forced (flanks, Alexei sale ,DFS ) and none contained any solid info or massive optimism from the board to suggest we are any nearer a completion than we were 6 months ago."

I've been invested in plenty of shares with over-optimistic boards that write excessively effusive RNS's. I'd rather have one that delivers. This one does.

"Its okay people still sitting on massive profits saying relax , stop moaning blah blah but if you weren't sitting on those paper profits and were sitting in the red now would you be as relaxed?"

My paper profits that have been wiped out since 44p are far, far greater than any loss anyone who bought in recently has sustained on the drop from the 30s to the 20s - best part of a hundred grand - and I'm feeling very relaxed. But that's because I've done my research, am confident in where this is going, and will wait as long as it takes.

"Honestly I am patient but even now I am thinking exactly the same! So sick of this now and being tied up here, and before anyone says move on I cannot as I am in at 27p so not a holder in at low pence etc..."

Your second sentence literally contradicts your first one. If you're in at 27p, you haven't been in that long, ergo you haven't shown that much patience. You'll get no sympathy from those that have been here for years.

Another one who can take a nice long sleep in a green coffin.

@frutsels - Anyone who bought in above 25p is, by definition, a newbie. They have been holding for less than four months (at most). Anyone who isn't who isn't a newbie paid less than that, and often much, much less.

One fairly clear fundamental that should give us all cheer is the sheer number of green ghosts floating about this message board this morning.

Mystifies me people moaning about buying in at X-price and then it drops. If you did your research, you would have known it could go up or down. There was always a strong possibility of it going down: (a) EUA has been manipulated by the MMs every single step of the way since it took off from under 1p; (b) the FSP was always going to take a long while, and if you bought in at 41p you already knew it was taking a long while with no clear sign of conclusion yet; and (c) for as long as the FSP continues, there was always going to be limited newsflow, strong radio silence, reinforcing the dynamics underpinning (a). Equally, there is also a very, very strong possibility of it eventually going up spectacularly. So, if, again, you've done your research, you'd be viewing these prices as an absolute gift to average down, confident in the knowledge that the eventual reward will be substantially greater in percentage terms than if you stick with your 41p average. The Board owe you nothing right now, other than delivering the best possible deal they can, however long it takes.

I don't think anyone was actually showing off. I think it was more: if we can tot up what everyone posting here has, we might get some idea of how much is in sticky hands...

I've been tempted to slice, but following the old Buffet dictum: top-slicing only dilutes your eventual profits. If you're confident in your research - and who isn't with multiple non-binding offers and a Sinosteel contract to be executed if it falls through? - then why would you want to do that? I've already done it once and regret it now. Not doing it again. I'd be sick selling, say, 100K for £30,000 now when they could be worth £150,000 tomorrow.

@aim - This is my strategy going forward. Research heavily. Once an unfancied stock with no buzz around it that has good prospects materialises - of which there are a few on Aim - buy large numbers of shares aggressively, and then sit and wait for as long as it takes. Most of my EUA money is going to go into funds, a few FTSE dividend stocks and some US tech ones, with a third kept back for having fun and piling into half a dozen speculative plays.

I've got 494,025 at a very low average. Had over 600,000 early doors (around the same time as Sam the pilot had bought a million for next to nothing!) but top-sliced about 150,000 at 4p. Seemed a good decision then; less so now. Added a few more in recent weeks on the drops and other family have another 60,000ish. Holding every single one until the bitter end.

Hoping for £1.48, will be happy with (and unsurprised by) anything between £1.20 and £2.40. Being in EUA has taught me a lot, especially about patience and the huge value that can be accrued by investing early and keeping your finger off the trigger.

Oooh, have the breaks just been let off after an early morning fishing trip?

"Unfortunately this may drop to the 2p level today until the realisation kicks in."

It's a generous opportunity for us plebs to participate in the placing.

Cheers guys. Haven't been posting here for (that) long, but I was here lurking all the way through the bot wars and suspension. Sometimes ship mates have to do their bit to defend the galleon when the maggots hatch.

I've never actually been to Russia myself, but would love to go one day to do the Trans-Siberian and have read quite a bit of serious literature about it. Can highly recommend Richard Sakwa's books. He's the pre-eminent scholar working in English on the country. The thing you learn from reading him is that simplistic western conceptions of Russia as a kind of basket-case reflects our own lack of understanding of how Russian politics works. So, of course it's corrupt and authoritarian, but it's not a free-for-all: it has laws, institutions, norms, customs and so on, but we just don't understand them if we apply our own assumptions of how things should function. China is the same, but in a different way. And to outsiders from places like Russia and China, it might surprise us to know that Britain actually seems quite strange in the same respects, too. Some mates of mine went to the World Cup in Russia and came back amazed at how nice everyone was, how well everything functioned and so on. Why on earth would anyone expect any different? It tells you something about how our media operates to perpetuate simplistic everyday misunderstandings of foreign countries in the public mind, and it is this that allows people like Tigermuppet to prey on the resulting fears on boards like these.

This is nonsense. The Russian state has a clear incentive not to just give this away to anyone for peanuts. These lazy, facile analyses make me laugh: "I lived in Russia [course you did] and it's so corrupt so NN will just do whatever they like". So utterly simplistic, lacking in logic, and designed to pander to the fears of those whose shares you're trying to relieve on the cheap.

For a start, if the government handed this to NN on a silver platter, it would totally decimate small-cap explorations, with investment fleeing the country, the very thing Russia needs to keep the cadastre expanding. Not to mention the resentments it would cause elsewhere in the business sector, and other special favours that other powerful firms would start demanding. Exploration is expensive work and the majors don't want to do it. Why on earth would NN want to destroy the system that has potentially provided them with this amazing asset which, even for $10bn, could see them generating a gain many times that over 20 years? It's literally their bread and butter. And don't forget, the $10bn isn't a "cost" to them: they simply replace the cash (and tax liability) with an appreciating asset on their balance sheet (which will only appreciate further if PGM prices continue to rise as expected). Win-win.

Second, the government would miss an opportunity to declare the country open for business internationally: i.e. "look at all the deserved riches EUA are making, you can too if you work hard and do things by the book. Please bring your money here".

Third, the main stake the state has in this transaction is not pandering to NN, but getting Monchetundra up and running and jobs being generated. If you gave this away for peanuts, NN would have no incentive to get it producing quickly. But if you ensure that they pay top dollar for it, they have every incentive to invest the necessary capex and make a lot of hay while the sun is shining. Again, from the state's perspective, win-win.

Fourth, in my experience, it's only people who genuinely don't know Russia who present it glibly as some kind of kleptocratic basket-case. It's a serious country, with serious laws, and serious processes. After all, why would they bother making EUA (and others) jump through the million hoops they've jumped through for the past 20 years if none of it mattered?

Finally, who knows what the Kremlin's objectives are anyway? Russian politics is hugely complex with competing power centres everywhere. Yes, Putin exercises a lot of power, but it isn't an absolutist monarchy. He has to balance competing tensions. Who says a large part of the state's interest isn't actually about making sure its processes are respected in this case? Who says it doesn't want to present an image of order to the outside mining world? Who says it doesn't see some benefit in clipping NN's wings a little? Who says it doesn't want new powerful young business tycoons to emerge that favour Putinism?

We've lived with them coming and going all the way up from half a penny. I'm not deterred. Holding long and strong for as long as Dmitri does. Anyone with jelly legs should know this: these friendly voices offering to "help" you by planting doubt in your mind and encouraging you to sell out are the sharks in the water waiting for you to throw yourself overboard. If you do it, you deserve to be eaten when the big one lands and the SP rockets us to Treasure Island. What more you do need? MULTIPLE NON-BINDING OFFERS PROCEEDING TO BINDING OFFERS. It couldn't be clearer.