Member Info for RMR1969

for clarity it is the 07.00am RNS on the 9th July 2020........

"In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019."

Kopfkissen

Please read RNS dated 9th July 2020

DLA Piper have never been said to be working on success fee basis

Also listen to the DS interview on Proactive from October 2019 where it is discussed clearly too

There you go Kopfkissen, pointed directly to the places where success fee is mentioned.

I just cant quite work out whether the lifting of the UT at close to create a 'false drop' the following day is designed to 'scare' us into selling, or 'excite' us into buying........

ATM, for me at least it it is the latter!

Would love an after hours RNS again today but I imagine we will hear little now until the EGM, but then there could be lots to share! I did expect some form of F~SP update around now though to be fair, very slightly just over 3 months since we last had it and the intervening RNS's have not really been updates to the process as such........you never know, could be today!

Don Broco

What else could they say? They can hardly say vote it through so we can allot shares, sort out the options etc and sell the business to XXX for £10b..........I don’t think they can actually be clear exactly what they need this special resolution passing for at the lime t for fear of giving the game totally away.

Saying they are doing it to ‘improve their negotiating position’ is actually suitably vague and arguably accurate and true.

I hear what you are saying but I am not sure I agree.

Houses that haven't been built get sold every day optimist59, it has been happening for years!

Thank you researchandhold, and just to add, the 'whatever it cost' would likely see a significant return on investment, current PGM price predictions would see you probably pay that investment back in 2-3 years maximum, that is exceptionally quick for any big business and would be signed off by any company board without hesitation.

MAC

Totally agree re the vertical integration. The whole of the Japanese economy and future success could be effectively reliant on it's ability to secure a strong and reliable source of PGMs. Now if that is the case with your business, you don't just cross your fingers and hope it all works out OK.

Based on how metal prices have behaved in this last year and also taking into account future price and supply predictions, you would be insane to not try and secure what was required in the years ahead. Prices are only going up and as / more importantly there can be no guarantee that demand will even be met, only needs another flooded mine or some political issues in SA to create a serious shortfall, if your economy is heavily focused on PGMs then you really are in the mire.

So, what better way to secure your future than to now get involved with a PGM company sat on everything you need for the next decade, take away all the risk and allow you to move forward and invest in new technology with confidence.

What price would you pay for that?, IMO pretty much whatever it cost!

dealer55

I would refer you to a post I made a few weeks ago responding to this same point:

"Silversun - I really think you are reading something into the phrase that is not there, there is no change in communication as far as I am concerned

If you go back through the RNS's it refers to 'strategic options' in the initial FSP announcement on July 1st 2020, it does so again on 30th September Interim Report, and then again on the 15th March WK update, it has been pretty consistent."

Aviz

The RNS mentions a $21billion NET REVENUE business rather than a £21m net profit one.

Cheers

I read the circular this morning and it made me smile.

It also got me to thinking that it feels like this weekend is perhaps the most pivotal moment we have had with EUA, at least that is how it feels. Up to this point there have been various people challenging the business, making suggestions, posting negativity, saying its all a scam, talking of how dodgy it is to be business in Russia, that we don't really have the resources we believe we have, that we are not even worth our current MC etc etc

Well, having digested the RNS's again which follow up the Rosgeo RNS's from a few weeks ago, and now reading through the circular, I don't think anyone can really suggest again that this isn't something quite special happening here and being carried out in a very professional way. It's almost like up to now people couldn't really believe what was happening, 'a small little explorer in Russia quoted on AIM with a very small MC' - can't really be anything great about that, surely?

However the work thats has been done behind the scenes here and the quality of the Board we have is exceptional. Just on that, can we please no longer have any more posts here telling the BOD 'to get on with it', 'to hurry up' and get it done, saying that 'they owe us more info', 'we are shareholders, they have a duty to communicate with us'.......' I don't want to read any such drivel again, it is quite obvious that they have been working very hard and cleverly behind the scenes and in our (and their own) best interests.

I just get a sense that EUA will start to be taking very seriously by a much wider audience now and on a truly global scale, this can only bode very well. I just hope we don't get the silly SP games anymore, who knows, maybe the RNS's last Friday mark the end of such shenanigans - we can hope.

Very excited about tomorrow, no idea what will happen but as I said before if we do drop, and why would we?, but if we do, I will definitely be buying more.

As always - in until the end!

mjs94

You make an interesting point, I think a fair few on here were a little sceptical of the 'delays' point when referring to Christmas and Russian holidays - and if indeed that had been accurate then 3-4 months later you might have thought was enough time to tie up all those loose ends.

I genuinely do think the price rises in the last 6 months have had an impact and I have said so a few times, I know they use average and historic prices to agree a figure, but who would do that currently, the house price analogy used here several times is simplistic but appropriate. You don't put 25 years work in here only to give it all away at the last minute.

I am fascinated with what is happening here and very positive. If the FSP was over we would have had to have been told, we weren't, at least not in that RNS and there was the opportunity to do so, ergo it is still very much on. I do think we will get even more regular news now as well, at least prior to the EGM.

Loving these Friday RNS's, gives you loads to think about and discuss over the weekend!

Wow, well we have previously said that there were more twists and turns to come, that the BOD love a surprise, but this was left field!

Couple of things crossed my mind:

1. Very impressed how tight a ship this is, an awful lot going on with an awful lot of people but seemingly little getting out.
2. Mentioned before about how 'expensive' we were possibly getting and the potential for a disparity between what we believe we are worth, and probably are, vs what a competitor is willing and able to pay. I think this really might be part of the challenge we have here (a great one though). I pointed previously to the metal prices on the EUA presentation where they projected forward to 2020 and 2021, well those have been absolutely blown away and even if they were being cautious as is likely, the rises we have seen will have been a very welcome surprise to the BOD, so perhaps 12-18 months ago they would have accepted £2-3m but I am not so sure now. Maybe we are actually holding out for proper value and at the present time there is no one able or willing to afford us, so we press on.
3. I think some of the sceptics and derampers on here have suggested that perhaps EUA is not all that, that perhaps we have ideas above our station in terms of importance or worth of the company and that outside our own little world no one is really that interested in EUA, at least that is how it has sometimes felt. I think this last RNS has put pay to that, we are known and wanted the world over and there are many eyes on what is happening here.

So what happens Monday?, goodness knows, share prices never seem to react how you would expect, so I can only go on what I think, and what I will be doing, I will not be selling, not even if we move higher, I have my 'lot' now so would not be buying anymore either but if the share price does a silly drop I have money ready and will definitely consider picking up some more.

Good luck all, this has certainly been fun, but I do believe we are in very capable hands.

Well, as I said yesterday I was a little concerned doing the Halifax B&I but completed it today, just gone through and the net effect was a loss of just 234 shares so circa £63.00, bearing in mind the costs of trading a buy and sell I was pretty happy with that and of course now have more than 75,000 more shares safely away from any tax liability.

So in total now I have managed to shelter 225,000 thus far with another 75,000 to go which I will have to do myself in the coming days.

Thank you to Ian for giving me the confidence to go through with it.

I don’t like filtering to be honest as I am keen to hear all thoughts and views but this morning both Lamstree and JakeASmith have, I am afraid, been demoted to the green bin, just can’t take any more silliness from either of them.

Hi Ian

Yes I have Halifax trading account and also Halifax Isa, just the other Isa and SIPPS with HL (for now!).

When I tried Bed & Isa previously with them they couldn't do it immediately due to spread and said therefore they could not guarantee price or tell me how many shares I might lose as a result, they didn't fill me with much confidence so I sold other shares in ISA and bought EUA, then sold same amount of EUA in trading account, waited for monies to settle and then transferred cash back into ISA / SIPP and re bought the shares I sold in the first place, bit of fiddle but it mean't I was not out of EUA at all and the 'risk' with my being out of my Lloyds shares for a few days was minimal as they move so little.

I have done the same today to move more over to to tax efficient accounts, I got pretty lucky and the 'cost' to me doing it has been around £38 all in for each transaction and for that I have circa 145,000 more shares sheltered from potential tax. If I am lucky Lloyds will drop during the week and I can buy back even more than I had initially.

I will call Halifax now though to sort the B&I.

Best wishes

Thanks Ian, certainly looks like they did a pretty good job for you there so I will follow your lead and call them shortly to do similar.

I managed to top up my partner's ISA (HL) and my SIPP (HL), if I can B&I with Halifax that will sort my ISA and just partner's newly opened SIPP to follow - will have pretty much cleared the trading account of EUA by the end of the week and have it all tucked away efficiently, added bonus of tax benefit on the SIPP contributions too, so if not sorted by the time that comes through then I can whack that in here too........!

Thanks again Ian, very much appreciated.

Hopeso - absolutely you are right they have recommend buy and wait now in a couple of weeks, I am sure that based on whatever actually happens they will simply refer back to the appropriate article.....lol, having all bases covered they will try and convince everyone they were right.

I might also say that it refers in the title to 'investigates' - not much of an investigation to be honest.......more a quick summary from a couple of chat forums!

Absolute shower!

Currently in the process of switching from trading funds into ISAs and SIPPS, prefer to try and do it myself by selling other shares, buying EUA and then reversing the process in the trading account, feels like I have a little more control and if I can time it right, costs very little, at the moment I am actually holding more shares than normal having already purchased in ISA, just waiting for price to rise a tad before I sell in trading account to mitigate any small losses.......just going to do them 1 by 1 but I would be interested in anyone's experience with Bed and Isa in Halifax once they have completed it. I could try that but am wary of how quickly they would complete and the costs / lost shares involved.

I just want to say that I, and I am sure a significant number of other people on here, appreciate you relentless, unequivocal and consistent focus on this BB. You are an inspiration, and I thank you, despite regular challenge from silly and uneducated posters on here you remain positive and undeterred in your support for this business, keep posting as you do, like you, I remain positive that in due course we will all be rewarded suitably.

Best regards
RMR1969

'now'

Avizandum1 - just to ensure correct facts are shared, we actually own 68% of WK, we know take 100% of revenues from the mining because we sacked off the contractors, but EUA own 68%, and 80% of MT.

Cheers