Member Info for oldspursfan

can you expand on your opinion that this is "very positive"? because i've read it several times and it still reads like a crock of ****? what is everyone missing?

What's weird is this concentrate was not added to during 2023 as no mining took place, and most likely none of it was sold before YE23, it's been in storage whilst the BoDs stated strategy of waiting for prices to go up was being worked through.

So if it is the exact same stockpile, why is it so difficult to update the valuation that was signed off a year ago?

AND 2 trading days to destroy the SP until suspension. Great job

We just missed that 30 June 2023 deadline, lmao speaking for the first time in months and fk that bit up.

Not quite the rns we wanted lol

Nice rise but what does IMOP mean?

In my own pantomime?

Hi B1ll

"Let's Hope for all holders that it's a nice storm"

Yes indeed, let's see this BoD actually deliver something of value. Nice surprise for everyone.

Calm before the storm B1ll...

TC we knew last year they are happy to treat WD1 of July as being within the 6 month window for publishing the AR. NOMAD doesn't give a toss enough to demand better either.

32nd of June it will likely be again.

Russia aren't benefitting from a sale of a UK registered company shares in the UK for someone in the UK. Load of rubbish, I wish you well in your complaint.

Where are you based 6ssk?

Shouldn't be a problem for most as EUA are UK registered and on the London Stock Exchange. Only reason I can think of is if you live in Russia.

StB there are normally 2 resolutions relating to issuing shares. The limit for the next 12 months (ordinary resolution) and authority to allocate placing shares directly, bypassing existing shareholders as desired (special).

The first one needs to reach 50% of all votes cast to pass, very difficult to reject that.

The second needs 75% and was rejected last time. Fully expect any attempt this time will meet the same fate again.

So it's not that they can't place shares, but are limited to things like a rights issue of existing shareholders before they can do anything else.

I'm looking forward to reading the AR and seeing how much of it relates to stuff largely outside their control:

Receipt of tax rebates?

Waiting for global price of pgms to go up?

Court case updates given our neutral position?

The only strategy the BoD have any semblance of control over is the bloody asset sale. Yet I reckon that's the part they will say the square root of naff all meaningful on.

Ive said it before but the instant they stopped actual mining or exploration activity was the point any operational-related salaries should have stopped for our BoD. Their only focus is the sale? Then wait for the dividend reward, like everyone else. Might help focus their minds on delivering something, or explaining why they can't.

Appreciate I'm old school, but if the "support" at 3.2p is higher than the current share price, doesn't that make it a resistance level?

Always thought support lines are lower where we hopefully bounce upwards from, or fall through.

Technically CS was approved in his joint CEO and Chairman role last AGM as he self appointed on the 3rd July, same day as the results came out.

It's poor governance to have a joint chairman and CEO, but guess fixing that hasn't been the priority this year. Would be nice to see what has been, and what progress has been made.

Hi Del

Thanks for keeping the Board relatively on topic this afternoon!

Re your q to me: not sure who is left in an executive role, but I'm not thinking CS will be up again when he was up last time.

Executive directors I think will follow the Non-Exec route we've seen with our recent prolific experts in all things M&A and Japanese. That is, the BoD will appoint them until the next AGM, but at that point they will have to be approved by shareholders to stay in role (3 or 9 years).

I have also tried asking the NOMAD if they (still) remain satisfied that withholding the DFS does not breach their obligations for release of price sensitive information. Thats on the assumption they were okay with it going just to potential buyers at the start. No response, funnily enough...

May be busrting a bubble here (sorry), but I don't believe CS is up for reappointment this time. He survived last year but the Articles say he doesn't come up again for three years. And Artem 9 years from reappointment (2 years ago).

"47.1

At every annual general meeting of the Company, any Director:

47.1.1 who has been appointed by the Board since the last annual general

meeting;

47.1.2 who held office at the time of the two preceding annual general meetings

and who did not retire at either of them; or

47.1.3 who has held office with the Company as a non-executive Director (that is,

he has not been employed by the Company or held executive office) for a

continuous period of nine years or more at the date of the meeting,

shall retire from office and may offer himself for election/re-election by the Members."

Not this side of the AGM S_P, BoD don't have the authority to place direct to institutions.

They'll defo ask again this time but as it is a 75% Yes vote needed for that part, I would be surprised if it passes.

Not sure the AR will add much, there's not a lot to report for the year ended 23. Quite why it has taken the full 6 months to audit is a mystery, I reckon they could have issued in in March if they wanted.

However, I am expecting Cost of Sales to be a lot lower this year, they will have got a grip on that at least.

If we're doing wisdom Bill

Man who takes viagra and laxative not know if coming or going.

If you took all the world's politicians and laid them end to end around the equator, most would drown, be run over or get eaten by lions. Makes you think...