Member Info for Professor1

"Resolution 1 - General Power to allot securities



That Directors be given the general power to allot equity securities pursuant to section 571 (as defined by section 560 of the Companies Act 2006 ("2006 Act") for cash"

NOTE: THIS IS SIMPLY ENABLING EUA TO PUT ITSELF IN A POSITION TO ISSUE SHARES - SHOULD IT BE NECESSARY.
I THINK EUA HAS TWO POSSIBLE OPTIONS: (1) A FARM IN TYPE AGREEMENT OR (2) A COMPLETE SALE. THE FOLLOWING PARAGRAPH FROM THE RNS POTENTIALLY HIGHLIGHTS THIS TO BE THE CASE:

(1) "The Company may make Agreements which " WOULD " require equity securities to be issued".

(2) " The Company may make Agreements which " MIGHT " require equity securities to be issued.

So in my view:

(1) Whoever the bidder is - wanted a bigger package AND they will get that now that we have the JV with Rosgeo
(2) Whoever the bidder is - will get an UPTAKE OF PGM Agreement, from either a Japanese manufacturer of a product OR some Intermediary dealing in metals, which I believe will be in place at the same time the bidder enters into a possible JV or acquire EUA outright
(3) The only thing remaining now appears to be either the Farm-in Agreement OR a complete Sale announcement
(4) The ideas behind these step moves appears to be from UBS

https://www.griproom.com/fun/10-signs-your-stock-is-being-manipulated

Gist

Very interesting. Thanks for posting

Mark had mentioned that Bassala will make Labola look like a baby!

Hi jiddy123

Thanks so much for that and will look into it - yes they are in her Hargreaves ISA account.

Hi jiddy123

Absolutely agree with you and appreciate - I think that will be a wise thing for her to do. Thanks.

jiddy123

Really hope so

Good luck to everyone here.

Also, I am so glad that I had left the shares in my daughter's ISA showing 326% increase which will cover her first year of Uni expenses!!!!!

Hi Mickey / Troj

Last when I spoke with Mark after the Indian ruling, he said that he will deliver. So one just needs to trust him.

What I would like to also see is the geologist to also come on Proactive to explain some of the targets in detail just like ggp used to do.

Russia's National Wealth Fund piles into gold

Russia's National Wealth Fund piles into gold

Russia's National Wealth Fund piles into gold

Just watch this grow.

"and the best partner we could have in Russia, as we are making progress on the strategic options available to the Company."

We could land with another mega RNS come Monday vis a vis strategic options.

Great to be part of this.

Nicely summarised Mac

Big hope- this gets to 96p or thereabouts.

Aviz / Tilly

Did not want to be left out so had a tiny sip of BUMBU - XO RUM without my other half noticing.

Aviz - agree the bigger sale is to come - Perhaps the whole new structure including the JV to sit underneath some sort of Consortium now - only time will tell and hopefully pretty soon

Tilly

I will have to do with soft drink tonight due to covid jab - will make up on Monday

I think this is just the first part of the whole deal. More news to come on the missing parts of the bigger deal. That is why the Board mentioned its going to be a very complex transaction.

Monday expect fireworks

Hi Intothedeep

If Faskens find that we have one hell of a case to fight then the litigation funders will provide backing for a percentage cut of the compensation