Member Info for RMR1969

Frutsels

According to Telegram group it was deleted because he made a mistake about someone’s name.......

dufry - I saw that on ADVFN but when I went to Twitter it was nowhere to be seen, has he deleted it already?

Could just be me looking in the wrong place but it did look interesting and worthy of a little more digging.....!

DIMITRYsOUSIN - as has been pointed out, we have had updates, one of the last was to inform us that the company are very limited in what they can say.

I take some comfort in no information having been released, if things were not moving along we may have had an RNS to inform us that 'negotiations were ongoing with prospective buyers but that no guarantee of a sale could be made etc etc' - however we have had no such update message, that is a message frequently used and issued by companies going through similar FSPs, but it has not appeared here.

The more likely scenario is that a deal has been agreed in principle and finishing touches are being applied, this would explain DLA Piper involvement and also why we have had no other information to the contrary.

No news is frequently good news.

I remain intrigued with these.

I was starting to believe the free trade point and the £2 minimum investment but not any more, there are far too many of them and I noticed today they appear on other shares too - GGP and IAG which I happened to be looking at so the £2 point is not valid.

They are always at full ask though, whatever the share, as pointed out earlier by HB2735, I am certain they are being used by MMs for some purpose. It's odd and equally surprising that no one can seemingly explain them despite all the years of experience on this Board and on ADVFN where I asked also.

Shenanigans I say (just love that word)

Anyone else getting a touch of 'deja vu'?

Last week we had the announcement from Pfizer regarding their breakthrough vaccine and FTSE shares rose where we fell I recall, this week same story.

I suspect that monies are being moved back into FTSE companies as the realisation and belief that we can, and will, return to some form of normality over the next 12 months. I am sure many investors removed funds from previously well paying dividend stocks to have a little flutter on AIM and may now be returning them, or at least taking any profits away, good luck to them.

Nothing changed here though, same BOD, same FSP, same resources, same opportunity, just another day closer to finding out what will be happening. We have been in this range so long now it can only take news to move us out so we simply have to be patient.

On the plus side, as we do return to 'normality' whatever that is going forwards, demand for our resources will increase as economies start to improve again, and as we know we were already in a deficit, so metal prices ought to move up still more.

well, 'pleased' to say that I got my limit order for 21,000 shares, went through at 29.3p this morning, usual Monday drop shenanigans........

Rolaw1 - apologies only just seen you question.

I was always under the impression we owned 68% of WK as well as 80% of MT, and have simply gone along with that view, your challenge is fair and made me review, the EUA website states that 100% of the revenues of WK come to Eurasia so I assume that therefore means it is 100% owned, I just can't remember or find where I believed it was 68% ownership, I must have picked that up somewhere........maybe it was when we subcontracted it out, I know that changed last year for all the right reasons.

Is anyone able to clarify this point and I apologise if I have it wrong and misled in anyway.

garyfromleeds -

Apologies for not responding earlier, just had a break from a mammoth session of the new Crown series on Netflix, pretty good to be honest and worth watching.

I genuinely have no agenda here, just a large holding, I have held for over a year, went into suspension with a good amount of shares and since re listing have more than doubled that amount, my average is 13p now, having entered suspension at 2.9p so you can imagine how many I have added, and not sold a bean and no intention.

I am aware that there are people on here with agendas, i don't know what I could ever say to convince you I have none, other than a personal desire to make enough money here and on another share I hold in volume, to retire early and spoil my family!

I am no investment expert, my background is of a career in retailing, just like most I research and learn as best I can, I am usually cautious hence my view on price, but as I have also recently suggested I think we may get another surprise here with an asset sale, nothing to date has gone as people predicted, it is not a deramp, it is a view based purely on what has happened thus far.

I respect all views, feel free to review my posting history, I am verbose I grant you but I see little value in most of the one line posts, I have no alter egos, no other monikers except this one and I have been on LSE for more than 10 years now, everything I have ever posted is clear and plain to see.

I will be ecstatic if the BOD deliver a monster sale here and I have always stated, despite my conservative view, that I believe this is possible. I have no desire to either encourage or discourage investment in any company, that is, and should be, only a decision for the person themselves. I do however support everyone's right to an opinion and be heard. Anyway enough from me, another verbose post I fear.

I wish you well.

Hi Dufry - yea, the deferred shares are noted on the investors part of the EUA website, as are the outstanding options, I am no expert in these matters, but I assume if there were a sale these would be included in our total share issue - someone may know different.

I wouldn't let it spoil your day in any way, in the scheme of things it is a pretty small dilution. £1 plus is possible, I reckon that would be circa $5.2b.

The 65p was merely based on ACF (which is our best view of what the BOD think), + flanks licence issuance, + metal price increases (since report was written) and then reduced a little for caution, nothing more complicated than that. GMF78 has done a pretty detailed job explaining why 78p, and now 94p are realistic and I am certainly not going to argue with him and his undoubted knowledge.

I am more minded to consider a partial asset sale now tbh, as I said in a previous post, a number of things have happened which could lead one to think that, and IMO it would be the best of both worlds for investors and I for one would be very happy, a smaller amount now in terms of a dividend perhaps but a stake in what may be to come as more resources are identified and proved up, more licences obtained and metal prices increasing exponentially........who wouldn't want to be part of that company?

Best of luck!

I think there was something run at one point, as I remember prices don't vary much at all from what is suggested here to be honest, everyone on it is there because they believe in the company so are quite positive, everything from 60p up to several £££s. Anyone can join the group if you download the Telegram App, to be honest though it is generally full of gifs and there is limited useful information, LSE is often accused of having a bit of a clique, well there certainly feels to be one there too!

Roll on Monday! I still have my Limit Buy set for 21,000 more shares, nudged it up from 29p to 29.5p on Friday, only doing it to ensure that the share price does not drop, not normally that lucky, maybe a brief and quick drop on Monday first thing though, sometimes there is............!

The original Telegram group is I believe still active but closed.......

He was most certainly cracking a joke which can be seen if you are in the Telegram group, posters there appear to gain some considerable amusement from anybody here who are taking it seriously, seemingly they do it just to get a reaction from the LSE chat board.......

GMF78 is an Admin of the Telegram group.

Hopefully we are not getting too far ahead of ourselves but I see so many people on here suggesting values / working out potential share prices, worth remembering of course, because a number don't seem too:

1. Current £ to $ exchange rate is circa 1.3
2. Shares in issue are more like 3,032m rather than the 2,759 most appear to use (there are 143m deferred shares and 130m options outstanding, we should assume all these will be included if there is a sale)
3. We only own 80% of MT and 68% of WK
4. There will undoubtedly be some not inconsiderable costs involved in any transaction.

Certainly not trying to play anything down, just trying to ensure that people are aware of all the facts when doing any calculations.

My 65p suggestion (conservative as I have said), would require a full company sale (based on above) of circa $3.5b or £2.7b

I agree Seagull, I have previously tried to 'estimate' the date for news based on some logic as I am convinced there would have been dates set, it is just trying to work out what logic and timescales they may have applied.

Previously I was sure that a 12 week FSP was likely, that may still of been true to be fair. The 60 days you mention is interesting also, we are uncertain when that is due exactly but I would guess we are about a week or so away perhaps from this point using the 18th and 30th September dates, I also agree with the logic of December 1st as a back stop due to the NN Capital Market Day. If there is a vote required of any kind then I feel sure that they would like to concluded that this side of 2021.

So as you say a number of reasons to believe we could be near an announcement of some sort. Could be an interesting week!

Just nudged it up to 29.5p to try and ensure we close above 30p for the weekend, doing it for the team guys..........it's in such a tight channel at the moment, amazing considering everything that is going on really.

Would be nice to get them before those pesky IIs do!

happened on GGP a few weeks ago, massive end of day trades

when it has worked for a few hours, drops to 29.5p or so and then back up, just wondering whether I should nudge up the price on the order to help us break the 31p mark.......lol

I do genuinely have an order placed at 29p for 21000 shares, if it comes good then great I will have nicely rounded off my holding, but I will be equally happy for it to not to be executed and the price to rise comfortably above 31p.

Hardly seems possible we have reached another Friday afternoon....!

RedPanda - the 30th is looking like a reasonable guess at this point to be fair, we have passed so many other 'obvious' dates already, as well as the fund point you mention, the other thing about the 30th Nov is that it is the day before the NN Capital Markets Day, you can google the agenda on line, IF NN are involved in anyway they would be doing well to execute this agenda and not mention an EUA deal, so for that reason, my current guess for next news would indeed be the end of the month, that said I have been wrong a couple of times already and there is no guarantee NN are involved (albeit unlikely IMO).

Best of luck to you here.

well I just sold some other shares in my ISA and set a limit order of 29p to buy more here, that will most definitely ensure the share price remains above that level for the rest of the day, thank me later.......!

To be fair guys he has a view and is reasonably consistent with it, if memory serves me right it is built upon the basis that 'the market is always one step ahead' and also that the last RNS was indeed a speeding ticket in is his opinion, so that is how I believe Eddie gets to the 40-50p point. There is some logic to it, more than applied to some of the numbers posted here to be fair over recent months.

I have to say personally I don't agree, I have stated on here that I have a cautious guess of 65p as a base, perhaps up to £1.00, using ACF as a starting point and adding in extra for flanks and metal prices, I absolutely acknowledge it could be great deal more but I am always cautious and to be honest we just simply don't know what we have here, all the facts are not available for us to value the business in the normal way and like it or not there will be political shenanigans going on here for sure, too much money slushing about for there not to be.

Now 40-50p could be accurate if we do a partial sale and get a dividend........and it could explain the last RNS.

Let's not throw the guy overboard just yet eh!

The SP is trading this range because of the last RNS, I am not convinced it was a 'speeding ticket' myself in the traditional sense but nevertheless it has had that effect, the question is why was it released, was it because:

1. it is just good practice and whilst working with some of the biggest names in the corporate world we need to be seen to be doing things correctly?
2. we had to release such an RNS (I can't to see anywhere it stating such an RNS needs to be released when a SP rises rapidly, there certainly don't appear to be any rules around it)
3. we were asked to do it by a third party so the Board obliged but rather than state that they 'knew no reason' for the significant rise they simply stated that they 'noted it'
4. was it because we are actually looking at a partial sale, all the talk to that point was about a full sale with some very high numbers, perhaps there was some concern the SP may run away to a number in excess of the dividend amount, we were cruising to 40p+ at that point, we could easily have gone on to hit 50p+ on sentiment alone, maybe more........now if we are looking at a dividend of say 50p, the news, when it landed, would have gone down like a lead balloon!

All conjecture, but IMO the reason we cannot break through the 30p region presently is because 'we' have decided that is where it should be, there are enough sells from frustrated investors to satisfy the demand out there, and remember we are trading very low levels of shares when you consider there are 2.75b shares in total.......