Member Info for pwlx

A TR-1 investor claimed those 1.4p transactions as a Bed & ISA before they were printed, so nothing to worry about.

This really isn’t the kind of statement that makes any sense, sorry. We all know this has dragged on for a long-ass time but the company is genuinely so watertight that it’s likely a sale, if and when it drops, will do so pretty much out of the blue. Under normal circumstances I’d say we should see a big uptick in buying prior but genuinely don’t believe that to be the case here. I may be proved wrong 🤷‍♂️

Just your regular reminder that while the price action may at times behave like AIM we are main market 👍

Personally think we’ve been set up at this level so that we can do a 100 - 200% rise on mezz finance news to get to the mezz finance value as our mcap ($20-30m). And from there start a progressive climb to £3-5 as the market finally begins to price in a little bit of the company’s potential.

Good to have an update, nothing groundbreaking but nice to see finance discussions progressing ‘excellently’. Looking forward to the update when mezz finance is signed.

Been wondering for a while now whether ALK’s graphite strategy has them in contact with Blencowe re their Orom Cross project. Not producing yet but has some great backing and this is exactly the kind of midstream processing I think they’d be looking for.

For now I want them to just focus on financing TVL train 1 but if they manage to pull off even a third of what they’re aiming for this has the potential to become an incredible company 👍

Simo - think you might need to read more into the company. Firstly the feedstock deal is from South America, and secondly the Australia plan, if and when it comes to fruition, would be far more economically and environmentally sensible than anything that happens today with Australian spodumene.

ALK is a margin based business so price of lithium not really a factor too much. We will make money on the refining, not the lithium, so whatever we’re buying and selling it for our margin will remain relatively steady.

For your reference, ALK’s forecasts are based on long term hydroxide price of $25,000 per tonne and it’s projected to remain above $30,000 per tonne even with lithium prices falling so ALK still economically viable even in the worst circumstances for lithium pricing.

Spikey, doesn’t matter that a 3rd party indemnity hasn’t been given - the fact that Queeld and Mispare have indemnified the company in a legal document signed off by the solicitors of both parties and the courts means Eurasia isn’t liable now for any third party coming forward and putting a claim on the shares. Whether Queeld and Mispare would abide by any enforcement of that liability is irrelevant - the fact the potential liability doesn’t fall on Eurasia means I, and Eurasia for that matter, don’t care what happens to it after that.

Spikey, not sure if you’ve read the Tomlin order in the Queeld case but Eurasia actually did get full indemnity from Queeld and Mispare, they just had to indemnify themselves rather than getting it through a financial institution.

essar may or may not be considering making a bid for eua’s assets but either way that pile of ****e on twitter is clearly nonsense and anybody who spends half a second looking at it can see that. ignore it completely and do not ask ai chatbots for investment advice…

i’ve replied to his post asking him to delete it - dangerous and inexcusably immoral for him to post that when some idiot investors trying to play money on the stock market might believe it and buy shares based on clearly inaccurate information.

Same here yesterday - should be a transformational year ahead.

Certainly has big potential to be one of 2024’s top risers. Q1 and Q3 should be transformational as we secure mezzanine and bond funding.

Scottydog, we don't know what the settlement is - if they've ended up agreeing to pay the bill in full then it's not exactly a victory but it's no loss either. If they've negotiated the bill down to what they agree is due then it's absolutely a victory. Unfortunately we'll probably never find out...

And now Toffers is on a complete rollercoaster of all her greatest hits. Have a good day all, look forward to hearing about the result of the Russian tax case later on.

Wrong again Toffers, we do know that - because I was there. We aren't all keyboard warriors like yourself, some of us leave the basement every now and then and head out into the real world. Wind Up hearings are held in open court, you could've gone to observe if you'd wanted to.

Wind up petition dismissed, nobody from Eurasia present at the hearing but Gowling’s representative stated that settlement terms had been agreed in advance of the hearing.

Absolutely - when people come out with nonsense like that it shows who they really are.

Don’t know what they get out of it but there we go.

If that is the case Herbie, that’s not dodgy, it’s the same on every single share on AIM and a good chunk on the main market as well because it depends purely on the advertised bid/ask in comparison to the real spread, which is almost always much tighter and rarely bang around the centre point of the advertised price.

Stop trying to influence people by making something out of nothing.

By way of a quick summary of what my non-legally educated but reasonably well read brain believes to be best and worse case scenarios of the Gowling case today:

Best case: WUP thrown out, Gowling ordered to pay costs, and told if they want to pursue the claim they can do so through the proper channels (ie county court or high court claim)

Medium case: EUA and Gowling have come to an agreement on the bill amount and EUA have either paid or committed to pay. WUP dismissed.

Worst case option 1: WUP allowed to remain in place but as yet unadvertised while negotiations remain ongoing between EUA and Gowling

Worst case option 2: EUA ordered to pay the bill and Gowling’s costs in full

Contrary to what some absolute spoons have been posting on LSE the last day or so, I don’t believe there’s any way the company can be wound up today as 1) they are solvent and could pay the bill if ordered to and 2) the petition hasn’t been advertised.

I am actually attending court this morning to observe, so for those who like to read facts rather than unsubstantiated bile, I will report back once the hearing is done.

Dan, it’s my assumption (no evidence) that this payment is part of the £1.4m reduction in cash asset balance between 30th June and 7th Dec this year.