Member Info for mugwump083

The Energy Companies are greedy, dishonest, devious, immoral & nasty

WK alone is, right now, hurtling past annual revenues of £100 millions.Neo is a total idiot

I did twig that the only signifigance was Dimity's activity & so I was trying to look for confirmation of that. My whole point is that Twitter is so disgustingly ignorant, it is impossible to understand the random jumble of gibberish it deliberately splats onto it's web pages. I just don't understand why anyone is prepared to have anything to do with sites like this & Facebook and many, many other sites which are also appalling, just not quite as nasty as Twitter & facebook.

For instance, the website us lot use to communicate on !!! People who produce websites think just because software enables unlimited & ruthless manipulation & exploitation that makes it OK to totally abuse the users of those websites. That is immoral and completely unacceptable & disgusting behaviour by website producers. They are really taking the Mickey out of the public who use the internet.

Can someone please explain what this disgusting garbage that is twitter is saying here. At first it is totally incomprehensible, but after spending & wasting a considerable time trying to look for clues I twigged that EM_INVESTOR 'might' be Dimitry Suchov. But when I searched & found that Twitter account it appeared the last tweet was on August 31. And the really, really disgusting way the graphic design of twitter is deliberately made to be utterly ludicrous just makes me detest it - which is why I never, ever use sites like that; Facebook being another poisonous load of rubbish.

How old was this Scott guy ? I can't find any real references to his existence at all.

Why will it be a nightmare

Neocantus

Jerk

From my experience of the corporate world publicity business & the perceived need to 'manage' important news like a takeover, merger or in this case major asset sale, it seems completely obvious EUA are very, very likely to be using the Russian conference on Monday November 22nd as a 'hook' on which to 'hang' their announcement of the deal being agreed, finalised and signed on the dotted line. Otherwise why on earth would Dimitry Suchov be there ? It would have been plain 'dumb' to have missed this opportunity to maximise publicity.

And the (temporary) withdrawal of the video, together with the NN one is also another screaming clue that if this announcement was scheduled for Monday with an RNS at 7a.m. to kick things off for the conference immediately following that, and both NN & EUA & all the army of 'advisors' - lawyers, bankers etc etc will be working throughout every waking hour during the whole weekend before Monday to organise everything - including video content.

I've just spent ages looking at the EUA website & the ACF report on the ACF website and trawled through EUA RNS's to try and get some idea of how many millions of ounces of Platinum or Palladium EUA have now or might have in the future only to find everyone seems very coy about supplying information on reserves & resources of PGM group metals. All I managed to find was a mention of 104 million ounces for the Rosgeo JV & 15 million oz either at West Kytlim or Monchetundra, I forget which. If the information is there I haven't found it - and that means those websites are designed & written by illiterate halfwits.

So, as I've been completely thwarted in finding out the correct information on which to get some idea of the real value of EUA now & in the near future I'll to simply make an informed guess using a figure of 100 million ounces of PGM group metals that EUA have to dig up - just to get a ball park concept of EUA value.

100 million ounces multiplied by $2000 per ounce is $200 billion. $200 billion divided by the three billion shares in issue equals $66.66 per share value in total after it's dug up & sold, assuming an approximate average $2000 per ounce after AISC.

But it actually looks like we might eventually have maybe double that 100 million ounces to dig up as future resources are proved up. So that might mean each share of that is double $66.66 making each share worth $133 .33.

So that now puts a perspective on what we are actually selling. We are selling stuff worth maybe $133 per share after it's dug up & sold over maybe about a 25 year life of Mine. That's about $5.32 potential dividend/profit per year for the 25 years it takes to dig it up.

Selling that $133 asset of ours now for 5% cash up front today to save shareholders the bother of waiting to dig it up would mean $6.65 per share cash now or $3.3 per share if all we dig up is 100 million ounces.

So, given my approximate calculations here as a guide, what does everyone else think EUA is worth now and in the future and therefore what would be a reasonable approximate price for us shareholders to sell our asset for cash in hand today ?

I will read all the PXC RNS' but can't now. In a sentence how come its 10+ bagger cos if it is how come loads of investor's aren't piling in. From the little I have seen I agree with you so far, but just trying to pick your brains.

You are a real negative Nellie, aren't you ?

Have you ever achieved anything at all in your life, I wonder; as with that attitude it would seem impossible.

It will cost absolutely nothing for EUA to dig it all up because all the expenditure is easily paid for by selling the PGM's to pay for any amount needed to be borrowed from the banks/financiers/investors.

It seems the LSE Censors removed most of this post just now so I will try & repost it again so it can be seen more easily & puts things into perspective.

If I was the sole owner of all the shares in EUA right now with everything going on as it is, what would I want to do to get the best possible result just for me. Sell it all now for a paltry £5 - £15 billions pounds or so or keep all of it and dig it all up for myself alone ?

As there are well over 200 billions of dollars/pounds worth of valuable metals festering in the ground which I can see just by licking my finger & sticking it up in the wind blowing from the Kola Peninsula in the North and the Urals in the other direction, that means digging up an average of about 10 billion dollars/pounds each year of metals over a 20 year life of the mines and gives me a much clearer idea of what someone else would have to offer to buy it all from me now.

Gosh ! Even if someone paid me as much as 20 billion right now it would still be a steal & I would be a complete idiot to sell 200 billion for the equivalent of just two years of revenue.

Hmmmmn ! I wonder what the right decision would be to make ? Take a very few billions right now, maybe no more than ten-ish, or tell them pesky buyers to take a running jump & for me to just get on with digging the stuff up to keep it all to myself. Ten billion in my pocket each & every year on average.

Hmmmmn ! I wonder what the right decision would be to make ? Take a very few billions right now, maybe no more than ten-ish, or tell them pesky buyers to take a running jump & for me to just get on with digging the stuff up to keep it all to myself. Ten billion in my pocket each & every year on average.

The whole point of my post is to stand back and way above the noise & confusion of the many complicated details & all the argumentative conflicts of opinion that obscure the big picture.

Which is that EUA have access to over £200 billion of valuable PGM's & other metals. So what is the best route to take - bearing in mind we are not a gigantic mining company like Anglo or Norilsk Nickel with a vast mining infrastructure to call upon to develop our assets ?

Just because we don't have that vast mining infrastructure doesn't mean we are obliged to give away our assets to any buyer for peanuts. What's the problem about us building our own vast mining infrastructure ? And if it was me, I would build the mining infrastructure we need to fully develop our assets and possibly join the World's biggest miners one day on an equal footing.

And that's exactly what EUA has started as we took over running the mine at West Kytlim and are now building two more mines there. We also have a Director (Neuwenhuys) with plenty of experience building and running mining infrastructure in South Africa mining PGM's in the Bushveld. Why do you think he was invited to join the board ?

We have the ability to go it alone if we want to and can scale up the mining to whatever size is appropriate & financing that is absolutely no problem at all.

Having said all that doesn't mean I wouldn't speed up that process by engaging in a joint venture by letting another investor with mining experience buy into the project- but not by giving it away !

If I was the sole owner of all the shares in EUA right now with everything going on as it is, what would I want to do to get the best possible result just for me. Sell it all now for a paltry £5 - £15 billions pounds or so or keep all of it and dig it all up for myself alone ?

As there are well over 200 billions of dollars/pounds worth of valuable metals festering in the ground which I can see just by licking my finger & sticking it up in the wind blowing from the Kola Peninsula in the North and the Urals in the other direction, that means digging up an average of about 10 billion dollars/pounds each year of metals over a 20 year life of the mines and gives me a much clearer idea of what someone else would have to offer to buy it all from me now.

Gosh ! Even if someone paid me as much as 20 billion right now it would still be a steal & I would be a complete idiot to sell 200 billion for the equivalent of just two years of revenue.

Hmmmmn ! I wonder what the right decision would be to make ? Take a very few billions right now, maybe no more than ten-ish, or tell them pesky buyers to take a running jump & for me to just get on with digging the stuff up to keep it all to myself. Ten billion in my pocket each & every year on average.

EUA Paying £135 millions to raise just £21 million !!!

Share Price Ridiculously Underpriced Or What ?

Shares in issue Monday Sept 20 approx 2.812 billion
Market cap at share price of 26p on opening on Monday morning Sept 20 is therefore approx : £731.12 million

Share price closed on Tuesday evening Sept 21 at 21.2p which is a total fall of 4.8p from 26p a share producing market cap of approx £596.1 millions - a reduction or loss of £135 millions in the EUA’s marketcap.

So raising a paltry £21 million has cost a reduction or loss in the marketcap or total value of EUA of £135 millions - £731 millions minus new lower share cap of £596 millions at close of market on Tuesday Sept 21.

EUA have approx proven minimum 2 million ounces PGM’s at West Kytlim in the Urals which now has three separate mines there now coming into production with an estimated 64 000 ounces of PGM’s to be produced annually. This alone would be worth about £128 millions annually at average current PGM prices.

West Kytlim by itself would indicate a market cap in excess of £731 millions.

In addition to this we have Montechundra and the joint venture with Rosgeo which gives EUA access to 104 million ounces of PGM’s worth about 200 billion pounds.

Clearly the current share price is an absolute joke & would still be significantly undervalued at ten times 21.2p giving a then market cap of still only £5.960 billion.

EUA Paying £135 millions to raise just £21 million !!!

Share Price Ridiculously Underpriced Or What ?

Shares in issue Monday Sept 20 approx 2.812 billion
Market cap at share price of 26p on opening on Monday morning Sept 20 is therefore approx : £731.12 million

Share price closed on Tuesday evening Sept 21 at 21.2p which is a total fall of 4.8p from 26p a share producing market cap of approx £596.1 millions - a reduction or loss of £135 millions in the EUA’s marketcap.

So raising a paltry £21 million has cost a reduction or loss in the marketcap or total value of EUA of £135 millions - £731 millions minus new lower share cap of £596 millions at close of market on Tuesday Sept 21.

EUA have approx proven minimum 2 million ounces PGM’s at West Kytlim in the Urals which now has three separate mines there now coming into production with an estimated 64 000 ounces of PGM’s to be produced annually. This alone would be worth about £128 millions annually at average current PGM prices.

West Kytlim by itself would indicate a market cap in excess of £731 millions.

In addition to this we have Montechundra and the joint venture with Rosgeo which gives EUA access to 104 million ounces of PGM’s worth about 200 billion pounds.

Clearly the current share price is an absolute joke & would still be significantly undervalued at ten times 21.2p giving a then market cap of still only £5.960 billion.

To all dipsticks who are as thick as two short planks & can't understand plain English. My back of fag packet calculation clearly states & means it is an approximate guide simplifying the basic information that EUA clearly has access to huge amounts of PGM's which can result in a greatly increased share price if the company is managed properly.

The figures I mention are approximate and simplified so nobody can realistically argue that EUA does NOT have access to at least this approximate amount of PGM's & anyone with more than one brain cell will also see that over the period of time EUA continues to develop those resources, it is virtually certain further deposits will also be discovered & proved up, thereby further increasing EUA assets and potentially increasing the share price too.

My statement of "15 million oz from West Kytlim etc" is simply a statement of a minimum amount of PGM's fairly reliably to be established from West Kytlim AND Monchetundra etc. Notice that etc there ? It allows for any amount from anywhere else to also be included. So that would include Monchetundra and who knows what else as well.

The back of fag packet calculation shows whether anyone might possibly want to buy such a potentially valuable investment as EUA & sits completely above and before the further more complex & detailed calculations of the sort EUA and possible buyers of the company have been wrestling with these past two years.

Try reading my back of fag packet calculation again. This time, properly.

"75% of 104 million oz pgms from Rosgeo joint venture = 78 million oz of pgms. Add that to about 15 million oz from West Kytlim etc equals minimum total pgms of 93 million oz pgms in the ground just waiting to be dug up by EUA.

93 million oz pgms multiplied by about 2500 dollars per oz equals 232 500 million dollars value in the ground. That'l be 232.5 billion dollars value of pgms in the ground then.

Divide the three billion odd shares into 232.5 billion dollars of in ground pgms and you get $77.5 dollars per share. Allow 20% costs to dig it up and you get $62 per share over a life of mine of say 20 years is about 3.1 billion profit for each of those 20 years.

At a sale price of just ten times p/e that would be a sale price now of about $31 billion dollars or about £22.1 billion. Divide that £22.1 billion by the 3 billion odd shares & you get a value of about £7.30p per share value of EUA known assets per share".

I just fail to understand why shareholders cannot understand the basic factual simplicity that EUA now has access to vast amounts of PGM's and the value of that is immense.

All that has to be done is organise the digging it out of the ground to turn it into huge wealth for the company and it's shareholders. All the complex details of exactly how that is done & whether EUA sells assets to who & when as part of that process are slightly irrelevant to the simple fact that EUA now has gigantically valuable assets & we shareholders actually own those assets.

An approximate idea of those assets is easy enough to work out.

75% of 104 million oz pgms from Rosgeo joint venture = 78 million oz of pgms. Add that to about 15 million oz from West Kytlim etc equals minimum total pgms of 93 million oz pgms in the ground just waiting to be dug up by EUA.

93 million oz pgms multiplied by about 2500 dollars per oz equals 232 500 million dollars value in the ground. That'l be 232.5 billion dollars value of pgms in the ground then.

Divide the three billion odd shares into 232.5 billion dollars of in ground pgms and you get $77.5 dollars per share. Allow 20% costs to dig it up and you get $62 per share over a life of mine of say 20 years is about 3.1 billion profit for each of those 20 years.

At a sale price of just ten times p/e that would be a sale price now of about $31 billion dollars or about £22.1 billion. Divide that £22.1 billion by the 3 billion odd shares & you get a value of about £7.30p per share value of EUA known assets per share.

Just something to ponder on folks !