Member Info for panda1

Please could someone confirm how many patients will be in the Scib1 trial and how long is the trial period for each patient?

Yes, hopefully we'll get the NOMAD RNS tomorrow morning and see a decent SP recovery. It really should be at least 3p given the prospects here.

At the time of that RNS in 2018, EUA were concentrating on getting production up and running efficiently at WK using one washplant with the new contractor following the big cock up during the previous year. I don't think the second washplant was a priority then but it should be now.

Monchetundra - I think there's plenty of work that can be done whilst waiting for the snow to melt. I'm looking forward to hearing news on the Sinosteel EPC contract and possibly an update on offtake agreements.

There has been a massive bear market in the
price if Uranium so it's no surprise that nothing happened for several years. The commodity price has now started to recover so it seems like we're finally going to see some progress and hopefully some cash for EUA

I think exploration/prooving up of reserves got behind schedule after the problems with the first contractor in the season before last. Hopefully now the permission will be forthcoming shortly and a second washplant can be set up.

I think we'll get a Monchetundra update soon as the management team are currently in Russia.

I'd say the Uranium project is a non-core asset so hopefully when the company taking over the project raises funds EUA will receive it's investment back in cash plus some profit.

I think it's clear enough. Once the reserves are approved they can utilise a second washplant. I think getting approval should be straightforward.
"Further state approved reserves are present elsewhere at Kluchiki and the Company awaits formal approval of a refreshed reserve assessment for this area, which was submitted on completion of a drilling program in 2017/8 (see announcement dated 25 October 2018). A second washplant can be commissioned on approval of this reserve calculation."

Fantastic news. Should see a massive re-rate on the back of this. It was already very undervalued

Yes, EUA invested $602,000 in the project and the last accounts said:
"The legal holder of the Kamushanovsky licence is negotiating a sale of all or part of the deposit and it is expected that the investment made by the Group will be refunded to the Group at profit."

This deal highlights the current value of Pedra Branca, 99% owned by JAN, that is multiples of the current share price. We are lucky to have such a great opportunity to buy shares at such a low price.

This value will also be enhanced by the BFS that is currently being worked on.

I agree. There's no reason the share price shouldn't see a big re-rate as it's ridiculously undervalued at the moment.

Just look at how much has been spent on the asset by previous owners and JAN. The asset should be worth even more than the expenditure given the NPV, the big rise in the price of palladium and the potential of the vanadium resource.

This valuation disconnect on Aim is exactly what Brian was referring to in a recent RNS where he says:

"Clearly, the current NPV of US$192 million against the Company's current circa £6 million market cap demonstrates a disparity between asset and valuation; we expect this gap to close substantially as we continue to de-risk the Project."

I always thought JAN should have a market cap of at least £20 million (9p) given recent progress and at least double that if it still owns Pedra Branca when mining commences.

There is an interesting article in the FT today: "EU seeks to keep Iran nuclear deal alive despite US pressure" https://www.ft.com/content/a9397224-1c9d-11e9-b126-46fc3ad87c65

It says: "One obstacle is the long-delayed launch of a planned special European non-dollar financial channel to shield trade with Iran from US sanctions.

Diplomats see this as crucial to persuading Tehran to stay in the nuclear deal after Washington pulled out last year. But many EU countries were nervous that any involvement would provoke retribution from the US. 

The trade channel is now envisaged to be set up within weeks. It would be based in France, headed by a German and have UK, French and German shareholdings, diplomats said." 

Aryth - GEO already has the mining permit so won't need to go through this again

I also added £4k today. Couldn't resist the pre-Xmas sale price ;-))

Read about their dividend policy announced on 13 December 2017 where the company committed to paying out 20% of net cash flow. The company is probably just carrying out this policy.

Yup, so need to be holding on 19 December to receive dividend.
This second Interim dividend was a surprise for me, a very pleasant one! So we should receive three dividends this year for a yield of around 10%. Very happy to hold HGM as an investment.

That was supposed to be a big smiley face :-))
'very nice ' not ??

Very nice ??
Thanks BoD

Why did we need both Geoff & Fiona http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ECHO&ArticleCode=x97ab8co&ArticleHeadline=Appointment_of_COO_and_Bolivia_Update ?

Unlike some others I'm not concerned by Fiona stepping down.
I think the Echo management team has more than enough experience & expertise to become very successful. I always questioned why we needed both Fiona and Geoff Probert who is Chief Operating Officer and has a wealth of experience in the oil & gas industry.