Member Info for PIface

Quite the #EUA masterstroke? Prevailing share price multiple counter-argument gets torpedoed in suspension.
@eurasiamining

From David B. I suggested this other day - suspend share while rising 80% per week and ACF report = steers financials to fundamentals not SP. A possible angle.

Board was very calm yesterday now nobs are out in force again

Seems to be quoting share p r o phets which is a swear word on here. Not clear if his opinion. We know sp been knocking this for months.

Certainly think an update as to when we might get an update would be courteous as it is very boring sat watching a suspended share given it may take up to a month if thrashing out a deal.

The tweet said CITIC engagement letter signed and talks going well with 3 countries lots of talk of PGM at Indaba. Bashers yesterday were suggesting warrants were for a quick fire sale at 7p before bad news (the least obvious or likely explanation). If they don't convert before co is sold or special dividend declared they lose much of the benefit (the more likely). I also came to conclusion broker might have exercised some warrants now to do company a favour if sale was not absolutely imminent. Although we have a cash cushion and no debt the more cash we have (now an extra £300k) helps keeps us strong at the negotiating table. We have finance in place of course for MT mining but maybe we don't have rakes of excess cash. No one is quite sure as 2019 results not been posted yet. That's an unusually positive situation overall for an exploration co.

I guess as he's taken it private there is a worry he could be sharing more details on there unfair to investors hence why they felt the need to suspend. Maybe he was trying to promote his own services but overstepped the mark or there is difference of opinion over his NDA and what he can say.

Ha. Well he can't be sacked though can he? He's taken it private.

He's not an employee an adviser with his own company lb28

No happenings today.

It's also in the Investors/presentations area of the EUA website I believe. It was on here before it was on there though so not sure who paid for it. Could be EUA or an II who then decided to release it. It did seem to coincide with Indaba starting.

I registered on london stock exchange for free rns alerts after yesterday's loss of service on london South East.

To get round the quick pick problem I have added the eua page to the homescreen on my phone as a shortcut instead.

Shorting with shares not an option for many but cfd allows people to gamble on share prices without holding. A definite case to ban cfds I think as leads to lot of deramping and libel bring down whole market.

I have beneficial ownership of 207000 of jarvis holding I believe via xo. So don't think it means pi hold only 11 percent as it does not.

9inch last Monday ACF research report, FCA regulated work for many stock exchanges etc. valued it at 57p per share conservatively AKA 1.5 billion. Just because you seem unaware and are calling it all hype. Previous broker note at 13p before flanks.

Also they are listing shares under warrants when trading resumes it says in RNS. Warrants are unavoidable if people have them as part of share options etc.

TBH smearing things without getting the facts right does more damage to AIM than many things. Manipulation on bulletin boards also did it a lot of damage in the noughties. Availability of shorting options to ordinary punters via CFD is also a negative in my eyes from what I have learnt so far.

Yeah I go with 57p being quite realistic and possibly even a come get me price, and I presume being FCA regulated and pro firm they've done a lot of the discounting, taxes, percent owning etc all that and it was near term value as didn't look much beyond 3 years. I think it shows the margin for going upwards though if say China sees it as a strategic asset given so little of it about and even less where it is available for export. If only one country wants it we may have to give discounts but plenty room from 7p. I think ACF will be better at working it out than me so happy to work with it for now.

Not going to check back now I'm all in but we have quite a bit of drilling data from the flanks I believe, just didn't go to state approved or higher verification. We have info on 2 or 3 areas and MT was the best and then we proved up/licensed the sweetest spot I think to give quickest return on outlay (when Pd was much cheaper). But it's a fair bit of legwork done for somebody AAL were involved I think. Obviously go back more than 4 years and palladium was much less in demand. Also separate areas of Pd were less attractive but now it's worth going after it even if it's in patches.

10p a post. Or shorting it on IG or similar.

Zaks chart says 18p, ACF equity say 57p but no you go with Kignofbotflys and say 7p that's the top. That's a balanced view. And the company broker converts so it can dump into the market and reduce the SP. Oh my god how do you make it look so easy.

Generating fear in one last hope of getting the price down if it re-opens without an offer yet. General goading for attention or jealousy.

Positives from today:
1) £300k more in cash cushion
2) Insiders converting warrants in unison before they lose them = endgame possible
3) If the deal was not likely they are at such a price that they could have done this for big profit months before now and not risked waiting
4) Board did not exercise warrants = deal talks ongoing is likely conclusion

Was a real tweet aubery and not that bad was outside control of co. Might have just come a bit soon. Inconvenient perhaps to say v bad is mischief.