Member Info for Richard98

This company is going the same trajectory as Baron Oil and Premier African Minerals. When the funds run out and if they manage to sell the concentrate at a much lower price than they could have three years back, then the board will have funds primarily for their fat cat salaries and corporate lifestyles for another year or two, not to the increasing costs of running a company with employees at WK

When the funds from the concentrate eventually runs out, then they'll do a massive fund raise like Baron Oil and Premier African Minerals regularly do. Baron Oil has 25 billion plus shares in issue. Premier African Minerals has over 31 billion shares in issue. Their share prices are decimated with long term shareholders trapped in with heavy heavy losses on their investments. Meanwhile the board at both these lifestyle companies get fat cat salaries and live the corporate lifestyle with expensive dinners and fancy hotels etc.

The same things happening here. You could see it from miles away. Why do you think they appointed Yellow Jersey?

So when it becomes apparent that it's a grift... They don't need to answer for the obvious scam

Hi Bill

The board did squander £35 million or thereabouts.

No doubt that there are many and especially on the Telegram group who will celebrate the selling of the concentrate like we've achieved £5.70 per share.

The selling of the concentrate will just keep lights on for a short time before the eventual fund raise just to continue keeping the lights on. That's when the Share Price will fall to well under a penny.

I can see a cycle of issue and reissue of shares and this company becoming another Baron Oil or Premier African Minerals with well excess of 25 billion shares in issue

A lifestyle company to a T. The issue and reissue of shares just to kerp the far cat salaries of the corrupt politician type leeches that the board are comprised of and to continue the corporate lifestyle at shareholders expense

It stinks!

I really believe the board are like politicians when they're on the election trail. They promise you loads and then when you vote them in...( money in the case of the EUA board) they turn their backs on you and ignore you as they destroy things.

There's certain arrogance and aloofness regarding the board and I can't believe I'm saying this but I woulden't be surprised is they see us investors as complete mugs and that they look at us in contempt and disdain.

Just like politicians - crooked and corrupt

Even if the board sell the concentrate at much lower price than before the war, I just wonder how long that money will last with money being floundered at WK and with new employees and additional costs. One or Two years maybe?

The board did squander £35 billion pounds or so.

I really believe that there has been huge Mismanagement and it makes me question the role of UBS and DLA Piper.

Bill

I'm afraid the AGM will be the usual boring generic rubbish.

I'm not expecting anything substantial regarding operations update. Will be the usual "negotiations continue".

Really think the SP will drop further on that news to really deep in 1.3s or 1.2s as te wider market will lose further hope in the company, especially given we only enough money till end of Q3.

Serious misgivings regarding how this is all panning out

Builder12

You're deliberately being obtuse and that's childish

I'm allowed to express my deep frustration and concerns regarding the board and how they've dragged this whole fiasco out with the decimation of the Share Price, investments of long suffering shareholders and the faith/trust of shareholders with absolutely no end in sight.

The communications has been horrific. At least Anglo American have been professional and communicated with their shareholders. The manner in which the board have treated shareholders here has been appalling.

Hardly anyone expected this asset(s) sale to linger on for this long with absolutely no successful conclusion in sight. The lack of communications has been shocking and nothing which the board puts out is taken in good faith and rightly so

Builder12

Many would have cash calls due to unforseen circumstances after being invested at a very high SP as average for many years even before the war.

CS has to go.

Enough is enough

Years and years of failing to deliver whilst the SP languishes at around 1.4p. Long suffering shareholders severely underwater with many having urgent cash calls

This fiasco can't continue indefinitely and even before the war, the communications from the board was shocking.

The appointment of Yellow Jersey should be treated with cynicism and in afraid CS cannot be allowed to get away with investors money without being held to account with regards to just what on earth is going on

Let1tbe

Quotes from Estonian Prime minister... And you take quotes from him/her seriously?

Pathetic!

Let1tbe

It doesn't help when you add source the BBC and professional hack Frank Gardner as gospel truth.

Let1tbe

I've got to agree with you.

The board remind of me the kid at school with all his tall tales of bringing down his uncle in his Ferrari and taking us all for a spin in it.

Next week or some other crap excuse comes and a few months down the line nobody believes him.

Except here.. Can't believe there's some that still have unwavering support for the board. I'd say those folks are utterly brainwashed. They got a cult mindset.

I get folks trying to remain positive and hopeful but at same time having some misgivings regarding their investment, and rightly so

But folks that fully 100% unwaveringly that buy into the board... They're truly braindead

Let1tbe

The board will extend the NDA's and if they don't then I think many are resigned to the fact that it's an absolute utter disaster.

Any source regarding NDA's?

Two years back in June 2022, Artem Matyushok was appointed to "speed up sales process". Artem is supposed to have made $100 billion worth of M&A deals. He's supposed to have a PhD in economics.

I won't say anymore in case my post gets deleted and I get banned

Offler

I'm afraid you're very naive and totally gullible to MSM cope articles.

You seem to buy into nonsense just like you did with regards to the vaccines

Excellent post, Let1tbe

Absolutely spot on regarding Yellow Jersey

Unfortunately this seems like a dead duck to me. There's not a chance of any successful outcome for all long suffering shareholders. Yellow Jersey were solely appointed to fend off angry long suffering shareholders. Why would any company appoint Yellow Jersey for just six months or even a year. They woulden't waste money on that time period.

The appointment of yellow Jersey is cynical and means that the silence will continue indefinitely. There's will be insignicant RNS's but I'm afraid the trajectory of the company and shareholders is all downhill

Builder12

I can see you with lab rat offler gnawing away in the sewer

Offler

I'm invested in Eurasia just like you invested in the scam by becoming a lab rat