Member Info for RMR1969

Hi Spikeyj - I wasn't really suggesting it was a false claim, depending how you read the RNS it covers a few bases to be fair which would likely cover them in regards to what you are saying. I think it was crafted carefully, to be 'accurate' but rather unclear. My point being if it were a simple clarification, should you choose to read it that way, then we would have heard by now, but you could consider it as a rather more complex clarification and in relation to a possible takeover could you not?

I have read a lot of posts as many others will have done and not really seen one which could provide a reasonable alternative explanation which was the reason for the question.

So, we are a week in now since the RNS stating we are suspended as we clarify our relationship with CITIC.

I guess if we felt this was the real reason for the suspension, a simple clarification then we would have heard something by now, I think the majority will now have to agree that the most likely scenario is that negotiations regarding an offer are now taking place and the next RNS will confirm this perhaps.

Can anyone suggest a realistic alternative to the above based on all we know about EUA and how we arrived at this point, is there a plausible alternative explanation, I am interested to hear it.

oh for fu*ks sake, an old article - I give up, switching off and waiting until next week...........

feels like this is perhaps the most significant news from a respected source (Reuters) we have had since suspension, again ALL indications leading you to suspect a bid is coming - history of company, previous announcements, SP movement, significant number of very large buys recently, value of resource, tweet from Hammond, suspension, warrants, news updates on company website after suspension, and now this latest news which perhaps, just perhaps explains what has been going on in recent days, clarity around the whole relationship between the 3 parties, the banks and us, no one wanted to miss their piece of the action, each jostling for position, it's not just about the money here, guess their are nations involved due to nature and value of resource, pride, honour and reputations at stake...........could this be the final play and we have some initial news next week?

I should say, very interesting timing, could it the MOU we have been waiting for between these 2 before we can proceed..........

apart from shares in issue are closer to 2.9b following recent warrants situation and those remaining owned by the BOD. But yes maybe you are, reckon bank costs could be more than £5m though, gets you back to the circa 50p area though

exactly Voltaire, just look at the crazy spread of predictions we have had on here over the last few days, where on earth would the SP have moved too, no one really know s what the company is worth, it would have been mental and irresponsible to let the share price bounce around between such varying amounts as no one would have had any idea where it would possibly come out, many 'speculative and innocent investors' could have lost and gained huge amounts during that time and the LSE would simply not allow it I don't think, notwithstanding the fact as you say that the share price may have 'stabilised' at a price above the offer.......!

.....and the comment introducing the article on the website is not within the article so has been written by someone running the EUA company website.........after suspension

"Eurasia has huge upside at the US$2bn Monchetundra project and is supported by cash flow from West Kytlim"

Nowhere in the article does it state the above sentence apart from mentioning the number, indeed the article itself was written post the suspension............if there is nothing in this then the publication of the article on the official company website would be as bad as the tweet itself, arguably worse!

I have just read about the update on the EUA website and taken a look, the article is dated Feb 13th and was not there yesterday morning but has obviously been posted after the suspension.

I find that very very odd, is it a way for the company to intimate something to shareholders without issuing an RNS which they perhaps are unable to do at the moment, why update a company website with such an article when the share is suspended and they must be wholly aware of the speculation.

If there was anything untoward going on surely they would not do such a stupid thing, especially since this whole scenario looks to have been created by info placed on the internet for all to see, that would be completely stupid.

or think logically this way - share price doubles in a week because news is starting to get out to a few people, tweet is genuine (account set up years ago, not a new one, and the guy is still tweeting from it now!), BOD suspend because they have been asked to clarify situation but not actually ready quite yet to do so, not ramping, just logic..................always 2 ways to view a situation Moshin15

and as has been said, if it were fake, and is the cause of this suspension, it would have easily been clarified by now and we would be back trading, no real harm done.

In answer to your question regarding stupidity - sadly, yes, I do believe it possible, some of these people are so far up their own backsides they don't think properly about such things, if it were a fake account how come he is still tweeting on it about industry stuff..........you would be amazed at the idiots out there in very big jobs leading very big companies, I have met many myself.

many thanks, have now just caught up with your earlier posts - very interesting, what a plonker, perhaps his wife saw his account too!

A bit surprised he has not closed it down to be fair until all this blows over. I think I would have done had I been him, industry people will surely be careful telling him anything in the future, will be very hard to live down.

apologies, I missed your post, I have 'asked' to follow him, but suspect I, along with many many others will be ignored or rejected, has he tweeted 'normal' stuff from that same handle since the tweet, I assume he has not referred to it again in any way, that would be suicide.........

If as you say the account is real, then surely that is it, he has knowledge and is informed, the tweet therefore likely accurate and all the deramping rubbish can absolutely be ignored, it does start to wear you down to be honest.

It would therefore be an offer or back to trading with a spike in price as any shorts close and others look to get in on an opportunity they thought they had missed, with current holders also looking to add..........wow what a demand that could create!

I still expect something before the weekend though, they clearly cannot tell us much perhaps but I would have thought the BOD would be keen to get some comms out for the weekend for a number of reasons.........

the tweet guy has now changed his settings so he is private not public I see, I also would have thought if the tweet was false then it would have been quite easy to validate with him, he could explain it was not him, proved it quite easily and then we could have been told already, no real harm done.

But that hasn't happened so there must be more to it, we are assuming it was the tweet which drove the suspension, the first RNS said we were suspended, the second one stated that 'following social media speculation........relationship with CITIC is being clarified..........." - so if this is indeed the case and it was all just a hacked account as stated this could have been sorted now.

The other thing that crossed my mind is that it would be a strange account to hack and use for such a purpose really, and the wording of the tweet is probably not what you would state had you hacked the account and had an opportunity to spread some false gossip, would you not rather have suggested a buyer had been identified and perhaps put in a figure of money which would then have really ramped the price.....?

So I tend to believe the guy is for real, the account is for real and he just got caught with his pants down and had not ensured his twitter account was private as he has now done, probably with the help of his kids (that is who I use!).

All this has created a bit of a frenzy, some unhappy people, upset some relationships, and has required the BOD to do some nifty footwork to get the deal done in a timeframe they were not wishing to do.

I remain positive and very intrigued, like many I am 'glued' to the RNS, waiting for the red dot to show up, I would expect that some form of updated RNS will likely come before the weekend as the BOD will realise they need to try and get something out even if it isn't the final one, whether we ever trade again is yet to be seen, and at what price or what form of deal is still very much open to question.

But I could do with this all being over so I can get on with things..................very best of luck to all invested, AIM is not for the faint hearted and as a number of people have already suggested, if this comes good for us, I will slowly off load my AIM shares and get out of AIM for good, stick to the FTSE 100 and 250 which I have been trying to do for a while, this simply speeds up the process.

well I have to say I am disappointed, very disappointed that we have so far today not even managed as many posts as GGP, what is that about, we have been top of the chat board posts for 2 days with over 1000 each day and today we are a measly second - come on guys and gals, sort it out!

TDT - I think the last number on your post should read 96m not 85m, at least that is what the website has.

Tiddlor - if you look on the company website you will see the position prior to todays RNS, subsequent to what we have been told today there remain 10m warrants for Directors and 141m options for Directors.

If all these were exercised, if, that would equate to a total of 2,875,774,624 shares in total which is close to the 2,900,000,000 you mention.

All above numbers based on details from RNS earlier today and company website so as accurate as we have.

but clearing all of them, every single last one altogether............only ones left are BOD which as you say they cannot trade, I would err on the positive side here myself, as soon as the RNS landed I immediately thought it was a clearing the decks approach, sorting out the loose ends before the final announcement.

I remain hopeful.

but would that not be insider trading to the highest degree and therefore highly unlikely...............?

cannot imagine the BOD saying to all the staff, "hey guys we are about to do an announcement and the share price will drop so convert all your warrants and flog them as soon as we lift the suspension, that way you will get something for them but limit the damage and all the other PIs will lose out"

Really.........I think not.

based on website info:

just 10m warrants left for Directors after the latest ones just announced are accounted for and 141m share options for Directors and employees also mentioned on the website, not sure what happens with these............