Member Info for RMR1969

26th October 2018 - share price was 0.00395..............

ScottyDog said

"I'm in for an average of about 0.60 i think . The granting of the license should see it spike , at least for a day. Think last time it went above 1p with the last license being signed off. Anything around 1p and I am out of here, will never look at EUA again.
Ideally the license is signed and then we are sold, that should get everyone a decent return."

I corrected a number of grammatical errors.

Anyway, you appear to be back?

Seriously getting frustrated reading the board today, after a couple of days of relative peace and some reasonable posts, we get a very good RNS and suddenly all the crazy people come out.

"Board have no strategy and are flip flopping around" - what an absolutely ridiculous and ill informed post, read the RNS's for the last 5 years and then have a good long look in the mirror!

"No mention of the dividend" - so? the RNS was to update us on the Rosgeo JV, it was not to do with any dividend previously announced, they don't have to reference it in every news release going forward for goodness sake!

"No mention of the sale" - READ the RNS slowly and carefully, they did reference the sale, in fact they did more than that, they informed us that it is 'progressing' - people just need to read things properly!

Right, now that is off my chest I will go and do something useful.

Ridemasif

Obvious agenda and clearly a new moniker, who were you previously?

Great news, good to see progress so quickly, very happy with that.

Why on earth would they mention a dividend in this RNS you absolute fool.

Filtered.

PartyPooper

I think you are being at bit disingenuous by suggesting that the Nomad knows nothing.

If the mining expert at our Nomad had said something negative I am sure you would have said something along the lines...."well he is the Nomad, if anyone knows what is happening he should....."

Tilly

I don't mess around any more, straight to filter bin, if you come on here and that is your first post there is only one agenda and one thing we should do.

Enjoy your evening.

RMR1969

I sent in a short message to Keith after the accounts were issued just informing him of the 2 small errors I had found....little pedantic I know but I can't help it, anyway he has responded today thanking me and acknowledging the errors.

I have suggested to him that I would be more than willing to proof read future RNS's for him completely free of charge if he sent them to me a few days before they were to be issued, thought that was the least I could do to help out as they must all be very busy.

I will let you know if he gets back to me......lol.....!

First of all, Happy Birthday Tilly, have a great day!

I have read all the posts re the AGM and voting with great interest and I have to confess I was originally a little torn. I am supportive of the Board and I do believe in them however, like many others on here I do also believe that it is time we got a little more back.

I have voted, and I voted in favour of all resolutions.

I have defended the Board previously regarding their comms, I actually think we have been updated pretty well over the last year or so, if you actually take the time to go through the RNS's there is quite a number, that is not a concern for me. When we were asked to vote at the EGM it became apparent that the BOD had some concerns and they were very keen for us to appreciate the importance of the decision and to vote with them, it was unusual for them to communicate this out, but they did. Shareholders responded well and ensured this was delivered and this was acknowledged by the company.

So, if this possible raise requirement is important to the Board then they must be concerned again that it may get rejected. Undoubtedly someone from EUA, most likely Keith, keeps a watchful eye on here, ADVFN Twitter and Telegram, I know individuals have written directly to him also - they will know that there are more PIs with reservations and looking for more information this time round, so, if the raise option is critical, I cannot for the life of me think that the Board would not offer something up in the days before the meeting, my concern would be that the longer they leave it the more likely it is that people will have voted already and the more angst will undoubtedly show, I am not even sure if votes can be changed once completed....can they?

So, does the fact we have heard nothing thus far suggest that the Board are not actually concerned this time round because they know other things will 'take over' before it matters? Or if they do require it pass will they get out some comms quickly to make sure that it does, Friday after trade appears to be the time of choice.....we shall see.

GLA

Billions - I think you are being a little troublesome and naughty.......

"The Company received a proposal in writing regarding a potential substantial asset sale in May 2021 and exited the Code compliant Formal Sale Process as announced on 12 May 2021"

That proposal in writing is hardly likely to be "Hey Christian, fancy flogging your company us, Best Regards XXXXXXX?"

I think, if in writing, it is far more significant and formal, it will have laid out many details of the proposal and likely only came after significant verbal discussions had been had. But then you know that don't you?

Mac - and I think the secrecy can be very much understood and appreciated. As we know, this could be a very large financial transaction and an enormously important geo-political acquisition with impacts on national economies around the world for the next couple of decades, it needs to be watertight, and watertight is has been!

I am actually pretty impressed how it has been handled thus far and get repeatedly frustrated when we have investors looking for details to be shared each and every day - that is never going to happen, this is top secret stuff and only when absolutely complete will anything be shared.

Well I think it is abundantly clear now why we get these RNS’s on a Friday post trading – plenty of time to digest, understand and gather and change thoughts!

Imagine that RNS being released during trading hours……lol!

Across all platforms it is interesting to see how views have altered over the last 24 hours and likely will continue to do so. FWIW I thought it was a pretty decent RNS bearing in mind it was ‘just’ the Annual Accounts and AGM announcement, lots of stuff to get into.

The presentation overall is very professional, a couple of little errors on page 9 and 19 which are a little frustrating, but which happen frequently from many companies, they just irk me.

I thought that we may get some indication of future plans with this RNS but on reflection I am not really sure why I did, this is a legally required announcement detailing the events of last year and effectively drawing a line underneath them – job done.

Within the body of the report though there was much to be excited about and clearly the potential sale is still very much in play and we could still get further news pre AGM with amendments for the meeting. It wouldn’t surprise me at all if we did hear something in the next week. This RNS had to be sent out on Friday if the meeting was to take place when planned, so they had no choice but to do so.

In hindsight, any news about a possible sale was always going to be issued as a separate RNS, it would be huge news inn itself and a meaty document most likely so unlikely to be wrapped up in an annual report message.

A couple of things which stuck out for me were the point about the ‘written offer’ and also the mention of Japan with respect to M&A, there are other points which IMO have clearly been dropped in for us to pick up on and inform us that everything is going to plan, I remain very positive here.

No idea what will happen Monday but I sense a change in views from last night when the RNS was initially issued, a little calmer and more sensible. I will not be selling anything, never have, but if the share price does drop I will definitely look to mop a few more up as I am sure many others will too.

GLA – in until the end!

quite so Aspen, and as we are all aware there are a myriad of ways that things can get legally done in such a complex situation which may not necessarily follow the 'normal / expected' route - that is why these guys are at the absolute top of their game. The likes of UBS and DLA Piper will know every little nuance and jiggery pokery to deliver the ultimate goal in the most effective and successful way.

No point anyone on here trying to challenge the process with these guys running the show.

Just referring back to your post earlier, you would not pay CGT on any dividends whether they be inside or outside an ISA or SIPP, you would pay income tax, which would most likely be at a higher rate.

That is why some investors have mentioned previously that if a dividend is announced and they have their shares in a 'normal' trading account, it may be best for them to sell after the announcement (when the shares have increased in face value) but BEFORE the dividend payment is actually made, in that way they would be liable for CGT on the sale of shares rather than income tax on the dividend and this could potentially be far more favourable, obviously depends somewhat on personal circumstances. The shares could always be re bought after the inevitable drop ex div.

Not mean't as advice, just clarifying a point.

I think you are perhaps right CAW1 having read what others have found, thank you to all, looks like we are agreed on Tuesday close of play as the very latest notification. Not sure why they would leave it so late TBH, particularly if it is merely an announcement of the meeting notice.....!

Still has to be a good chance of tomorrow at some point though, they have set a bit of a trend with regards after hours Friday RNS's with news.

So after a brief look at the companies Act and the AofA, I think we could be looking at Wednesday as the very latest date to be fair.

EUA's AofA are aligned to the Companies Act 2006 it would seem and there are no variations suggested.

The Companies Act 2006 states:

Publication of notice of meeting on website
(1)Notice of a meeting is not validly given by a company by means of a website unless it is given in accordance with this section.
(2)When the company notifies a member of the presence of the notice on the website the notification must—
(a)state that it concerns a notice of a company meeting,
(b)specify the place, date and time of the meeting, and
(c)in the case of a public company, state whether the meeting will be an annual general meeting.
(3)The notice must be available on the website throughout the period beginning with the date of that notification and ending with the conclusion of the meeting.

So if they announce by referring to website it speeds up things a little I guess and takes out the postal issue. I can't find anywhere about the 21 days being 'working days' so we have to assume it is 21 days / 3 full weeks, on this basis Wed would be the drop dead date, but will they leave it till then, perhaps if there are things they are waiting on and expect to have in place by then, but likely sooner methinks.

If any notice is to include greater details on future plans, possible voting, potential sale, dividend etc, then Friday pm would be best I feel and would tie in with previous large announcements.

All guesswork though, they never seem to do the expected...........have a great evening all.

Morningsun

You are right, 25 days, which would mean Sat rather than Sunday which therefore by default comes back to tomorrow, either am or pm I guess would suffice.

Others may have a different understanding and I am not sure if the postal thing has changed, ie things may be deemed 'received' when notice issued which could possibly move it into next week I guess, but the article is not that old....!

Guess we will find out in 24 hours.

GLA

Hi Tilly

Trust you are very well. Keep up the great work.

I know there has been much talk on the AGM announcement and I am not sure anyone, on any platform, has actually nailed down the precise date that notice must be received by. Based on what I read and understand (posted link yesterday and below) we would need to hear in the morning to hit the N+24 day suggested for the first possible date of meeting.

Mathematically it would actually be the 6th, but as that is a Sunday, I imagine it would have to be the previous working day ie Friday (am or pm), if it were Monday which is the 7th then there would not be enough days in June remaining.............

This is of course all on the assumption that it is in June which to be fair is the month shown on the website, but perhaps more importantly was mentioned on the recent RNS.

https://www.mspsecretaries.co.uk/2019/04/14/agm-notice-periods-how-long-is-21-days/

MS

I have suggested before that the AC transaction may have simply been a tax efficient sell and that the shares actually remain within the 'control' of AC.

The opportunity for him to do it was there, many people on here and within other shares do it all the time, why wouldn't he also with much more to gain / lose?

The 'cash call excuse' is a pretty sensible one, no one can really argue with it, it requires no further clarification and he could hardly say "yea, I sold them as a bit of a tax dodge Mr Putin.' The BOD needed only to share the reason given to them, which they did.

Personally I have never believed those shares are now owned by Veles and I have mentioned this previously, in fact, very shortly after the transaction became known.

MS

What is your point? What exactly are you suggesting regarding the II who invested $20m dollars just a short while ago at 26.5p?

I think this explains it rather well.

https://www.mspsecretaries.co.uk/2019/04/14/agm-notice-periods-how-long-is-21-days/

I think we have to hear by Friday since the 6th is a Sunday, Monday would not be sufficient to meet the end of June deadline for the AGM, Friday latest it is IMO.