Member Info for R1CHARDO

@ Everest - Dimitry goes to bed tonight with his shares in EUA worth £136 million.
Will be interesting to see your updated Pic.
GLA
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35p

@ armybarmy the $64,000 question!
If we don't open in the mid-thirties then "the market" ascribes little initial value to this JV.
My guess is 42p dropping back to 35p
Time will tell...
GLA
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@Tigra/Ladderr
Just bear in mind that when/if the BoD recommends and agrees an offer, there might be a competing bid at a higher price. This happened with Dee Valley Water/Severn Trent Water, whereby I sold only to find there was a higher bid and in the end Severn Trent had to up their offer at least once.
There are TP rules which I believe prevent a disappointed bidder coming in, but in Dee Valley's case there was a mischievous hedge fund with 5% or so calling the shots. I wonder if that's why Blackrock has a position here and may take a position if/once a recommended offer appears.
Also someone posted 36p is 1Bn market cap. That is not correct 33p is 1Bn as the outstanding options and warrants have to be included and well as the Ordinary shares. I believe the figure is 3.032 Bn in total.
GLA
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The CULS conversion was due on 31st January and converted £13.5M of debt into equity. So I believe this increase in enterprise value partially offsets the dilution from of the increase in the number of shares. The price was 10 pence a share plus the warrants Tktowers mentions. I think these can be exercised at 12pence.
I therefore believe the transfer to AIM due tomorrow shouldn't affect the SP as the current price is based on all the known factors as above.
After the CULS conversion 84.75% of the shares were reported as being in institutional or large shareholder's hands, which whilst giving me confidence also means some could be sellers in the short-term.
Moving to AIM might bring in new PIs or make the share more liquid.
I have been in since 3p but traded some here and there. Please do your own research as I am probably talking nonsense! It's a long time since I was actively involved in company financing.
Good luck all for tomorrow.
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Ian please may I have another guess Thursday 25th February 2021. 66 pence full sale.
Many thanks for all you do for us.
GLA
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@Ibizamatrix I think you have to add in the outstanding options and warrants so the number of "shares" rises to 3.032 Bn.
So 33p share price is 1 Bn.
Need to think about fees as well.
GLA
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@ earache - this is a forum to post our views about a company. Rather than asking people to "just switch off" or "sit on their hands" may I suggest that an alternative suggestion would be for you to stop reading this forum until "the WK DFS is released and we have something worthwhile to discuss." It seems to me that will satisfy both objectives rather than you trying to censor this BB.
With regard to my original post, the RNS has EUA's and UBS's names at the bottom. There is no doubt that UBS will have approved every word, every comma and every full stop. I view the RNS as a join release, you state isn't isn't but in my view if two organisations put their names to a document then they both agree to its contents.
You seem to be upset my original post has produced "over 50 replies". Sorry about that, but out of my control. Perhaps other contributors found it useful and wanted to comment. Over 30 recommendations when I last looked by the way...
Finally reading through your posting history you spend quite a lot of time attacking other posters. Why? Are you insecure? You seem to have a good knowledge of certain mining issues. Perhaps you find human interaction difficult? You have been posting for over 5 years. If you find it all so tedious consider taking a break?
GLA
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@ harryharis - 5 billion USD or GBP? Are you working on 3.032 billion shares thereby including outstanding options and warrants not yet converted?
Thanks
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For those that are interested it's worth Googling the four guys at UBS involved in our sale to see their history and also the contacts they have. Perhaps a few pointers there:
Jason Hutchings / Ian Hart / Sandip Dhillon / Frank Geary
DYOR
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Just maybe Cricketman - and whisper it quietly as it’s heresy hereabouts - those of us who don’t keep spouting £3+ nonsense aren’t actually derampers at all but just people with honestly held opinions that just happen to differ from yours.
It’s a tough concept to grasp, I realise.
Very well said Amanensia!!!!
DYOR
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You have to laugh when expressing an opinion that a minium sale price 33% above the current SP is "deramping".
Greed is the biggest cause of people losing money on AIM.
DYOR
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@ Amanensia - that is my concern as well. I think it's not just the market, but EUA is also doing its best to hold the price at this level, hence the sort of speeding ticket in early October. This may be because if they don't accept a deal the price won't collapse from some silly level. If there is a deal then I think the minimum premium will be 20% on 33p so about 40p, but much more if there is a bidding war.

I did read through 54 pages of mostly completely rubbish posts back to the RNS release, and NOBODY had posted that this was a joint EUA/UBS RNS from some serious UBS dudes. As I said in my original post this gives me much more confidence that there will be a sucessful conclusion.
GLA
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I have only just got around to properly reading the whole of this RNS.
I see it was released jointly by EUA and UBS. None of the other advisors were mentioned which usually occurs in other RNSs.
UBS lists four people to contact for more information. Google search shows three of the four are seriously high up in UBS' M&A EMEA team. These are serious dudes in the number three investment bank for EMEA M&A!

I don't know if this has been spotted before as there are so many posts to review since Thursday 7am, but it really gives me confidence that if a bid is concluded it's going to be sizeable. As UBS is working on a contingent basis they must also be pretty sure this is going to be good for them....
GLA
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Hi Capetown1234
Yes the restaurant is very popular and works are ongoing to finish the outside seating area, which last time I was there was a bit of a sand desert. We used to meet friends on the beach at Christmas, always great fun, but not sure about this year. The beach has been hugely popular instead of foreign holidays and the village heaving even now in winter. It's a very popular spot.
GLA
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I'm across the harbour from Hayling Island in West Wittering so anywhere in Hampshire is great for me.
I was thinking of buying a Ford Mustang and driving it up to Gerrards Cross where Purchaseatthetop/Bladey Watkins/sonof purchase/purchaserising/purchasewhatever lives and doing some donuts outside of his house. He gave out his street name and first name so won't be difficult to track down his house. Just ask the neighbours where a complete pratt called ******** lives. LOL
GLA
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@ Arsenalles
See:
https://www.eurasiamining.co.uk/investors/share-capital
I think you have to include the deffered shares and the options shares. If not then what is the value to the holders of both?
GLA
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@ Professor1 as well as the 2.759Bn issued shares you refer to, there are Option Shares and Deferred shares. I therefore believe the correct total number of shares is 3.023 bn shares.
So at the current SP the market has been suggesting for nearly two months EUA is worth £1Bn, without a confirmed offer...
GLA
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or is it anything to do with today's NN Board meeting?
https://e-disclosure.ru/portal/event.aspx?EventId=bsR0CSY9I0-Cb7UQ2sNHalw-B-B
GLA
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@ ceejay1awest reading your posting history you were predicting a sale price of £30Bn. That's £10 a share.
We are all entitled to our opinions and unlike you, I'm not going to be rude or rubbish your's.
I hope you are right and I am wrong.
GLA
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