The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This isn’t corruption Tilly - city boys didn’t have a clue about this until I posted it onto Twitter and Telegram. RNS from the board in my view saying “shut up and be quiet, we’ve got this and we’ll let you know when we’ve sold up.”
On this occasion, thankfully, I think no shenanigans at all - SP rightly rose when it was discovered that the subsidiary set up to hold the Nyud license as part of the JV had been granted the license, and went down when the company issued a speeding ticket
Rags, the RNS didn’t specify who set up the JV company (that info is probably on Egrul but I’m not at my computer now) but we can assume it’s Rosgeo. Rosgeo set up the company, get the license transferred to / granted to that company, then transfer 75% ownership to EUA
@Ragsrob - the license is now owned by Monchegorske LLC, the company set up by Rosgeo in order to hold the license. Pursuant to the license being granted to Monchegorske and the notarised agreement signed between Eurasia and Rosgeo, Eurasia have the right to acquire 75% of Monchegorske, and thus the Nyud license. There is an option for Eurasia to acquire the remaining 25% also at their discretion.
To anyone claiming pump and dump or other rubbish, this information is out there in the public domain if you know where to access it and have a Russian VPN to allow you onto the sites. In this case it's rfgf.ru - the state register for subsoil use licenses. I shared this info this morning to benefit shareholders who deserve to have all the info that is publicly available, especially for the benefit of those who don't know where to go digging. I've provided screenshots of the website, along with an English translation, on Telegram and Twitter.
This is fantastic news, as it means the company is continuing to deliver on the intentions they've announced via RNS despite the geopolitical situation. Next step is to transfer 75% ownership of Monchegorske LLC into Eurasia - as per the JV RNS from nearly two years ago.
Good luck everyone - been a long time coming but feels like with this and the DFS we are approaching the end game.
Truthfactory, for the 100th time and as you’re well aware, the company can’t raise because they didn’t put the resolution to enable them to raise in the AGM, and why did they do that? Because they clearly didn’t anticipate a need to raise. Now who’s obfuscating?
We got a half year update last year Roger (13th Jan), and same on the 21st July. No reason to believe this should be any different now and it’s standard business practise to give unaudited half or quarterly trading updates outside of annual reports and interims. Plus the research note on the company’s website says one is due in Jan.
Fish4chips, it’s not a WA report that was leaked onto Twitter, it’s a HC Wainwright research note. No market sensitive info, purely HCW’s opinion on the company using publicly available information for the benefit of their investors.
How many times can the company confirm in RNS' that Dmitry still works for them, still holds all his shares, and isn't a complete myth, before people actually believe them? Jesus wept... You think the Nomad would've allowed that wording in the RNS **less than a month ago** if he didn't work for them? What planet are some people living on.
That was said with the last TR1 too - just because they’ve sold down to 9.8% doesn’t mean they aren’t going to sell more. It still doesn’t matter to me either way, it’s a long term hold and eventually the numbers will speak and the share price will look after itself.
Some could be rollover, some could be cancelled, it’s a bit suspect and the share price hasn’t moved so I’m firmly not of the opinion that it’s somebody like Taylor dumping more shares. We’ll likely never know unless we get a TR1 but I’m definitely not worried by it.