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Well EUA have been negotiating with a party with the intention to complete a sale of "substantially all the assets" of EUA. The third party has completed their due diligence and we must assume we are still in negotiations with said party.

No sale is guaranteed, but if this sale progresses then whatever purchase price is agreed will be income. In this case IMO there will be a VERY special dividend! :-)

If all goes well and we sell >80% of the current EUA assets and EUA will pay a dividend of >80% of income, this will still leave funding in place for EUA V2.0 to focus on development of mining of battery metals.

@chriszzr I'm not sure what metals are used to produce hydrogen, but platinum is used in hydrogen fuel cells. https://www.africanmining.co.za/2021/02/22/platinum-the-winner-in-hydrogen-fuel-cells/

The HQ of the Mineral Council of South Africa uses a fuel cell (using natural gas but this uses the same principle as hydrogen fuel cells). Their HQ "only" uses 40 ounces of platinum in the fuel cell that powers their building!

https://www.mineralscouncil.org.za/special-features/42-fuel-cell-feature
The above link is written from a South African perspective, showing that have been mining the vast majority of the world's platinum. We just need EUA to give them some competition now! South Korea are the leaders in fuel cell technology, although Japan is positioning itself to rapidly catch up.

The RNS mentions "Several off-take agreements being discussed including own use of hydrogen for the Company's mining equipment for the Kola operations". Mining tends to be an energy intensive activity, so having a nearby energy source will reduce infrastructure set-up and ongoing running costs in the rural Kola area.

I've been living in Somerset West, South Africa for the past decade although I was born in Glasgow. Still trying to get used to celebrating Christmas in the Summer!

The SA president gave an update speech last night. Apparently they had planned to have 70% of the population vaccinated by the end of the year. Currently circa 40% of the SA population have been vaccinated and there is an ample supply of vaccines (Pfizer for most of the population with J&J used for teachers and rural areas).

The problem now is the majority of the people who want the vaccine have already had it and the others don't want it. We had to pay for the vaccine and it was roughly R800 per shot (£40). This was paid by the medical aid assuming people had a medical aid policy. The president has now said the vaccine is now available for free to increase uptake within the poorer populations.

Before the new virus SA was diagnosing around 500 new cases per week, which has increased to 1500 in the past 7 days. The proportion of positive cases out of tests has gone up from 2% to 9%, so it looks like the infection rate is going to ramp up around the end of the year.

7.7p being paid, although most are insignificant trades so far. A buy of 30K shares at just over 7.5p also gone through. There is still a significant spread of over 6%, but it would be good if we do finish today above 7.5p.

Yes, plenty of duelling on the BB today...

You'd probably get better information by doing a Google search on "dual listing" :-)

Currently EUA are working towards "a proposal from a credible party for the potential acquisition of substantially all of Company's assets." This should provide a decent dividend to shareholders and provide funding for EUA V2.0 to develop/mine any remaining assets. It looks like EUA will still trade after the asset sale, as they took on a new director in Japan and are now planning on doing a dual listing.

Smiller, I imagine Geng means to buy in at around 0.8p and sell for between 1.15p and 1.2p to make a 40+% gain. Would be a nice trade if they did this within a couple of weeks.

The price is now around 0.8p again, so there are 2 questions for the expert chartists:
1) Is the current price a buy signal?
2) Can the charts give timescales when the price is likely to break 1.15p again?
P.S. Genuinely curious - I know nothing about charts myself

EUA not following the usual pattern where share price driven down in morning and tends to recover slightly in the afternoon. Looks like the herd have spotted in on the risers list yesterday and jumping in...

How many new rampers will appear today? :-)

My average is 1.12p so it would be nice to finish out of the red today after several months with the price languishing below 1p.

I've only got beer money invested and would have bought more if I had the money but it looks like things are finally starting to come together with UFO. My other miner is EUA where my initial investment was beer money at 2.45p and it's now the largest share in my portfolio! Hopefully UFO will do the same, although we will need to sit on the shares for the next few years ...

Thanks for the warning on EUZ. It's always good to find out if the board are in it for the paycheck or whether they have a decent stake invested in the company.

One little miner on the rise again is UFO. The price has crept up over the last few days after they appointed a new non-executive director. Part of his package is share options that are exercised at a higher price than what the share was trading at when he joined. It gives existing holders confidence that the price is likely to rise in the future.

https://miningindaba.com/Page/investing-in-african-mining-indaba---china-ro

A profit is only a profit once you take the money and run. A circa 9 bagger is amazing and I'd be thrilled to do that.

I bought in here at 23p when attempting to catch a falling knife. I finally bailed out at 18p. Luckily my initial stake was under £1000, so just took a small hit!

My only 10+ bagger has been EUA where I started buying at 2.45p and have sold at up to 37p. Buying into OMI again at 15p looks tempting...

It feels about time for Ian to get his rocket out again...

My first EUA purchase was at 2.45p and it was fairly easy to trade EUA pre-suspension as there were big daily swings then. My "dream" price at the time was seeing the share price going above 27p and the price kept climbing to over 40p. I held and watched the price drift back down below 27p again, so I also wished I took some of the profit so I could buy more shares at a lower price. This week I sold 2000 shares at 37p and bought back in at around 29p which added an extra 537 golden tickets to my modest holding. I've already set-up another limit sell of 2000 at 37p...

Eurasia is traded in Euros on the Frankfurt stock exchange. 0.42EUR is 0.36GBP so EUA finished at virtually the same level at close on both exchanges...

The RNS clearly states that a no vote kills the deal. This statement is probably true. The directors have worked hard putting a deal together and let's face it BiVictriX are in the stronger negotiating position as MTFB just burns cash when it is a cash shell and not actively trading.

If we assume BiVictriX won't negotiate further about allocating existing MTFB shareholders a bigger slice of the shareholders a higher allocation of the BiVictriX pie, then the chances are it will be game over for MTFB. The directors will be unmotivated and will continue to draw a wage and expenses from the MTFB pot until it runs dry - I assume the directors chose BiVictriX as they looked to be the best long-term bet out of their shortlist of RTO candidates. They are in favour of this deal as they have negotiated a good cut for themselves at the expense of the existing MTFB shareholders.

Another question is if shareholders don't vote are these votes just disregarded or can the directors count them as a yes or can they only do this if the shareholder agrees to them acting as a proxy on their behalf?

There could be 25% or so of LTH who assumed MTBF was a dead duck and are not actively following developments and may not hear about this vote before the deadline.