Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Matt007 15:56 Whose crying? I’m 48 for gods sake, haven’t cried since my mate died. I’m just very frustrated as I’m sure even you can appreciate having so much money tied up for so long was very unexpected. I would have too sliced had I known obviously. I am annoyed that the timescales are now sometime in the next six months!!! Is that not cause for frustration??
No, we can see from the RNS's and Sat Imagery that things are happening... Stop bloody panicking man... And as for getting a business loan and investing that, well, it appears you are chasing pots of gold at the end of the rainbow.. I wish you well, but that is honestly not the best thing to do....
The thing is Matt007, Lenoman is correct and why call him a dhead.... That's exactly what you are if you've invested more than you can afford to lose... If you need instant access to your money, stick it in a bank. Why didn't you take it out when you were in profit prior to suspension? I have a significant amount tied up here too and not in the slightest worried... I think the board are doing the best they can and giving us little snippets of information in the RNS's... This will come good IMO.
Can the Planning Committee honestly say they have complied with 8.4 of this document and then there's 10,3, 10.4 and 10.5. The meeting has not conducted itself in this matter in my opinion...
https://mycouncil.surreycc.gov.uk/documents/s67232/Part%206%2011%20Code%20of%20Best%20Practice%20Planning.pdf
I've waited longer than that for a New Car, I think I can wait a lot longer for the right deal as I haven't invested anything I wasn't prepared to lose. There is a saying, 'Good things come to those who wait'...
....and probably everyone of those people thinks the rules only apply to others and not themselves... Covid-19 exists, believe me! If you get it bad, it's drowning in your own lung secretions.... Not a very pleasant death....
Guys, I've re-written it for you to show what he really means....
Just to summarise pt2 - The Return of the Naysayer (a more likely scenario)
i think EUA does have a very legitimate business given the potential of up to 40m oz of PGMs , and the shares were still significantly under-priced over the few months leading up to suspension. I think pis became, quite rightly, excited by hints about CITIC & VTB, and by that marketing communication from ACF which should gave rise to some great speculation and research on different social media platforms.
i think that EUA wanted to be suspended to prevent a cheap buy out, and wants to leave AIM in due course and join the Main Market. The company has used AIM over many years to raise money by issuing a number of new shares (as many companies do) , and i suspect they would like to stop doing just that to prevent further dilution and to reward shareholders.
Some pis here talk about profits and cash flow from WK, but so far it’s been an asset that burns cash overall rather than produces it for EUA as you have to have some costs before you can extract the PGM's, but given the recent highlighted developments there, i think that it is about to become a major cash generator for EUA.
My guess is that AIM regulation wasn't involved in the suspension of the shares as this would've been stated in the RNS at the time or any other RNS issued since for that matter.
In order for the company to clarify to the market what is really going on with CITIC (and maybe VTB) given their previous RNSs, the social media speculation & since they still haven’t emerged from suspension, i think that EUA has potentially entered into an NDA regarding this arrangement with CITIC and have appointed Iain Rawlinson to further add to the clarity and execute the news. No other problems have been highlighted other than the subsequent nomad change which was resolved in due time.
I suspect that the main reason for AIM regulation’s decision not to get involved is the fact that the company hasn't done anything that broke the rules and are merely wanting to clarify things in their own time given the potential NDA and giving other potential interested parties to have the chance to look at the company in detail. All IMO of course.
Spikeyj - Have you watched the film 'Split'? - I highly recommend it...
Tony
Yawn - We noted your comments the first time you made them about AIM regulators... It's getting a bit tiresome now after the umpteenth time... Can you show any evidence to say this is true? Remember opinions are like bottom holes - everybody has one and without evidence, your opinion is no better than the next person's.
Hi A1EX,
Thanks and Yes, I found it really easy to do and is there for all to see... The 'King of the Photoshop' TDT/Boozy Suzy can't even deny this! You've got Davie replying as Frankey, It really is comedy gold from the naysayers! Tony
Hi A1EX, I was just sat at home on a day off and was playing with Sentinel Playground... Yes, definitely significant progress (for a supposed small company) - Thanks for your efforts, they are well appreciated here, other than the naysayers, whom i'm sure will comment sooner or later.... Tony
Hi all,
I've done an overview picture of the difference in the last 12 months at WK. You can see that over the last week, there has been significant work carried out on the central part of the mine... Sorry for stealing your idea A1EX but the more information we have, the merrier..
https://www.dropbox.com/s/0u311esz4470zws/WK%20Mine%202019-20.jpg?dl=0
Hope you find this useful...
Tony
Hi Ian_ , Yes there will be a second wave at some point - we're just not sure how big it will be or when. Our latest forecast is for around late October, early November time. Hopefully by then, there may be a full vaccine or better treatment available. There has been a noticeable drop on the frontline of cases over the past few weeks and our 'regulars' are slowly returning... 'Sigh!' Good hand hygiene has always and still is the best way of defeating Covid-19 along with disinfecting touch points. We will return to some sense of normality sooner rather than later I believe... ATB. Tony
I've just popped into my local supermarket - I had no interest in buying anything, I just wanted to inform people what they were buying was wrong and they should get out before the impending apocalypse... Now why would I do that, there's no rationale or logic behind it? Sounds like some of the posters on here...
Hi Graeme, Yes there was a lot of that type of illness doing the rounds (as there usually is) at that time of the year. I had it myself and then my partner and step-son caught it... I can tell you, mine was not very pleasant and we all had many of the Covid-19 symptoms. I've just had my antibody test done this week and am awaiting the results, although it cannot be isolated to say it was Covid-19 at that point in time - I may have had it asymptomatically in-between then and now... We are on the downward steps now, however, things have to be taken very carefully to avoid that so called 'second spike'. This will happen, we just don't know at what point it will. Stay safe all. Tony