Member Info for paulb76

Market cap of 91m now...I can honestly say this is biggest catastrophe I've ever invested in, and I've been in some c*ap!! This BOD are taking the pi55 out of us mugs and have been for years!! I've said in the past it won't sell anything (clearly hoping to be wrong) and that it wasn't a scam....now I'm honestly thinking differently!! They have absolutely no interest in us shareholders while pocketing huge sums of money....I just don't know where it finishes with EUA but one thing is certain the 2's are not far away!!!

Pompal...
Can't blame anyone on here for the SP decline.....falls at the feet of our overpaid, out of depth BOD I'm afraid!!

Blimey has the bid ever been this low??

Thanks Trowtech....I'll take a look at RNS's later and see what I can find!!

Seems like the discussion last night/this morning is/was a lot more civilized....it's good to see!! I think us shareholders need to unite together instead of bickering 24/7! It's ok to have a different opinion to others on here but signing off with *ick or kno*head is gonna rub people up the wrong way then the BB turns into a kids playground!! I quite like the idea of forcing an EGM to get some answers! Something to remember though....the NDA's are only on the possible sale of MT as far as I know (correct me please if wrong...politely!) there is an awful lot of info they could give us without talking about a possible sale but they won't and I just want to know why!!!!

Watching that DS video he mentions the capex is fully funded for MT at 6 month libor plus 3.5% and says with interest rates at zero finance is cheap.....UK 6 month libor is currently 4.7% plus the 3.5% and finance is no longer cheap in fact it's pretty expensive!!!

Mac you'd also expect an RNS to confirm that we are being sued by every man and his dog but we haven't!!! Citic, UBS who the hell says they are still working for us?? There is lots of price sensitive info that the company haven't RNS'd....Rosgeo JV expiry info for starters!!!

Also Keith at EUA said on the phone they are not commentating on the court cases along with a lot of "I'll pass your questions onto the BOD"!! This is truly a fu**ing nightmare now

del...
I just spoke to someone at SP Angel who said that David ( Hignall?)was in charge of Eurasia Mining but was away from his phone at the moment! I aired my disappointment and utter frustration (with the person who answered) about the BOD's Comms and especially the court cases and was also promised a call back...he also mentioned I wasn't the first person today to be complaining about EUA!! Will I or del get a call back??..who knows!!

Well done del...clarity on anything seems impossible from the BOD!!!

Use your brain....S&S are not working for EUA in any strategic decisions....there are only being used by EUA to defend them in court against these two cases!!!

Just doing some digging on these court cases...
Case was opened on the 7th December 2021
Simmons & Simmons notified 17th Jan 2022
Shareholders notified by Twitter in March 2022 for the first time that Simmons and Simmons are working for us!!! IMO S&S are only working for EUA in defending them in court and NOTHING ELSE! The BOD are absolutely pi**ing all over us and we're being told lie after lie by them!!!

Dividend??? People still hoping for that?? We've been well and truly shafted here and the quicker you forget about a dividend the better it will be!! The BOD have zero interest in us plebs!!!

Just a load more pi's trapped in at 4p and above now!! Back to mid 3's by Wednesday/Thursday?? Gotta love this share....or not!!!

Impossible to have any confidence in the BOD at the moment!!

B1ll... totally agree nobody seemed to benefit apart from Churakov, and benefit he did!! Just thought the original buy and then sell for almost the exact amount of shares covered his supposedly cash call...such a coincidence that is! Hey ho we will never know I guess!!

Yes I remember that!! Almost as if he didn't want to warn them before hand and also a coincidence that EUA had ended their contract with Venus Gardens before he dumped them on 27th Jan 2021...maybe that upset him!!

Just going back over old RNS and the sale of Alexi Churakov's shares doesn't sit right with me!! Info below.....
20th Nov 2017 Alexi Churakov via Venus Garden holdings subscribed for £76,336 ($100k) for 27,262.814 shares in the company at a price of 0.28 pence (just over quarter of 1p).

27th Jan 2021 Alexi Churakov sold 27,400,000 for £0.29 (29 pence) for approx £7.9m! Is my maths correct or am I way off the mark?? If I am correct are we to honestly believe that this urgent cash call was almost the exact amount of shares that he bought just 3 over years earlier??? That's some cash call and a very big coincidence that it amounted to almost the exact amount of shares needed to be sold!! Take from that what you want but for me I'm not having that excuse!!

Layla...I'm sorry but your argument is desperate at best...if you can't answer the question then surely don't just invent some mad, crazy idea up!!

Del and all...this is what confused me..

May 20th 2021 placing for £14.1m..The net proceeds of the placing are intended to be used primarily to finance the joint venture with Rosgeo ("Rosgeo JV"), as announced via RNS dated 26 March 2021. The Directors have decided to limit the financing to £14,126,289 to keep shareholder dilution to a minimum and to focus primarily on advancing certain Rosgeo JV projects to production via EPC and financing contracts with minimum equity injections.
Four months later...

20th September 21..The net proceeds of the Private Placement are intended to be used primarily to finance the joint venture with Rosgeo ("Rosgeo JV"), as announced via RNS dated 26 March 2021, including Nyud, Moroshkovoe and other major Rosgeo JV platinum group metals ("PGM") and battery metals open pit deposits.

In May 20 2021 RNS they mentioned they wanted to limit the placing to keep shareholder dilution to a minimum and then 4 months later did the same again!!! Both placings were for the Rosgeo JV but it seems a lot was spent elsewhere!! Why was this??