Member Info for Richard98

EUA is more or less screwed big time because BRICS countries like India and China are scared of doing business with Russia because of sanctions

There's no similarities. The board have stated numerous times that they're in talks with buyers from BRICS nations.

MJD2020

What's the significance?

Apparently some very serious news from the battleground. Someone or some people sold out the exact coordinates of the thousands of Azov reserves that were being sent to Avdeevka against the wishes of now deposed Zaluzhny. The Russians launched devastating bombing. Apparently thousands dead or wounded

Bill is just like me...heavily invested, really hoping for sale of the century but incredibly frustrated with how long it's taking and the low SP as well as lack of communication from the board.

CALLS

The 50% haircut doesn't apply if the company are to continue as EUA2 at Sakhalin

Littleredrooster

Thank you.

One of the very best posts on here

Good luck all genuine shareholders

I've been very supportive of the board till the last month or so. CS was hopeful of a successful completion by end of 2023. Now we're well into February and complete silence whilst the battered SP plummets causing increased anxiety and despair amongst long suffering shareholders.

The board have previous regarding misleading investors and unfortunately it looks like that things are really coming to a head now.

CS and the boards conduct has been utterly disgraceful.

I maybe wrong here, but because the company operates under Russian subs or umbrella company then the 50% tax on exit of the company doesn't count. Definately won't count if EUA2 is going to operate at Sakhalin

The board have mentioned that the sanctions etc doesn't affect the company and a possible sale to a BRICS nation should be unaffected

Except.... The board are no longer to be believed. Imminent, shortly are words that have lost all meaning. CS mentioned possible sale before end of 2023 and we're well into February 2024.

Theyve been leading long term investors in since January 2021 where they cited Christmas, new year and Russian Holidays for the delay in getting sale over the line

Should never have trusted these morons

Saint68

The sale of assets should have been done before 2021.

Waiting another 1-2 years is simply not on anymore

No news next week because the board are on half term holiday. Think their half-term is two weeks and so the week commencing Monday February 26th is when they have to just take things easy as they get back into work.

Can't do anything the week on Monday March 5th as UAE, Saudi and Muslims in Russia will be preparing for Ramadan. Then you have Ramadan and Easter the whole month, followed by Eid, which takes us to April 14th. UAE, Saudi and Muslims in Russia will need a month to recover and get into the groove of working so that takes us to mid May. Then you have May half-term coming up, so the boards minds will be on half term holiday. Plus the boards minds during May and June will be on their kids, grandkids SATS, GCSE and A Level exams which takes us into end of June. July/August is holiday season, so board will all be holiday. September will be just getting back into the groove of working which takes us to October. The board will be preparing for Halloween and that and with the shops all preparing Christmas... The boards focus will be on Christmas. Early November will be recovery from Halloween and bonfire night. The rest of November and December will be focusing on Christmas and so can't get anything done. Then you have New Year followed by Russian Christmas and then getting back into work and that takes time

To be honest Del, one thing I've learnt from investing in this farce is that the legal and corporate world is incredibly bureaucratic and corrupt.

The blokes down at the pub would do a better job with this company than these morons

I don't expect any news next week because it's half term, nor the week after because folks will only have come back into office. Then we have leap year, so can't have news then. Ramadan is in early March, so UAE, Saudi along with the Muslims in Russia will all shut down a week prior to Ramadan and the whole of that month, so no news then. When Ramadan finishes we have Easter for two weeks so no news then. Folks will take a month recovering after Ramadan so no news. In May, the Suns out and plenty of holiday leave for workers plus half term and bank holidays.

The board always has excuses for this farce

The Irish chancers at the helm have taken the absolute utter p

They've lived the corporate lifestyle at the expense of long suffering shareholders and not delivered.

I think it's all over for Western companies in Iraq. At least when Saddam was ousted in 2003, the West hoped to put their puppet in charge. There was hope but not anymore.

They've never appeared to be in any hurry to try and deliver.

Could be March/April 2025 before the Russian state signs off on the deal

It could be March/April 2026

Or 2027, 2028

Its so utterly farcical

Congratulations B1ll regarding HE1.

All the best at HE1 even though I'm not invested. Looks very very promising.

Excellent post, Obmuj

HE1 looks a great company.

Unfortunately I'm sat on huge losses here and I'm extremely annoyed and angry with CS and the board with the stress they've put long suffering shareholders through over the last few years. Their constant can kicking no longer washes and I think the market is getting exasperated by them.

I'm resigned to a massive loss here as I very firmly believe that the SP will be languishing at around this level or perhaps much lower for many years just like many other AIM companies which promised the world to suck gullible fools like myself in and then only only to plummet to very low levels and flounder there for many many years.

I feel that by the end of the year and with a very high cash burn rate, we could very well be looking at a dilution in order to survive. The £3 million concentrate if ever sold.. I wonder how long that would last before we even get meaningful production at WK

The board screwed us long suffering shareholders over

Best of luck!

That's because Artem has come across these incompetents in CS and the stupid dumb clowns are probably paying him a fortune. It's almost two years now since he came on board to milk the long suffering shareholders.

Nothing against the fella. The scammers in charge of the company are to blame

CS is just like the other Irish chancers at Petrel - more or less entices investors and then the Share Price languishes at around a penny or two, or even less for many many years before another pump and dump

Let1be

I can't disagree with you

The prospective buyers will just to have to wait till end of Q3 when EUA runs out of funds. I'm sure the prospective buyers are in absolutely no rush to part with their money as later on in the year they could get whatever EUA have for free when EUA are bankrupt