Shaun Day, Greatland CEO gave an upbeat presentation to over 800 London South East investors. Watch the full video here.
Iis bought in here heavily at the placing price of 25p. I’d be surprised if that was just punt money rather than having carried out some dd. Said iis will have been privy to at least some information out of reach of us lowly pis so for now at least, as the saying goes, I’m happy to follow the money.
One of the three things are likely in mho.
1) more bad news and there will be a concerted effort by the iis to have DB replaced.
2) more bad news followed by a lowball takeover bid. The afore mentioned iis could well be Danahar stake building
3) reasonable news on AIHL and an upturn in the sp which affords DB a stay of execution…for the time being.
What I don’t see is GDR simply withering and going bust.
It’s been woeful to date for anyone buying in over the last year or so and people just need to work out the best strategy for them on when or whether to sell up. DB certainly isn’t giving anyone any help at the moment but he can’t stay silent for much longer. News by end of October. I just hope it’s not news stating there are further delays to, well, everything.
Tilly: ‘ So full asset sale offer was received’. Not sure you can state that as fact. I know it’s the opinion of many but where and when did we learn of such an offer. I wish that were true but it isn’t.
Shortly seems to be a fair way of still what with daily volume drying up to such degrees. What ever happens now i don’t think- just my opinion- this is going to be concluded before Christmas. At this rate it could be another year away to any kind of sale but hopefully pis will have some excitement on the release of the updated JORC resource figures.
Sadly i think we are more likely to see 10p than £2. Hope I'm wrong but things really look terrible here. DB has made an absolute pig's ear of things for GDR over these last two years.
As I've said many times previously, I think GDR has been run down quite deliberately and patiently so that it can be sold for peanuts as a distressed business. Used to think it might go for about £1 or 85p but now I think there's a plan to get it down even further and then sell it for 30 or 40p. Disastrous investment. Lost a packet on GDR thanks to this dodgy dude.
Would love to be wrong but it really does look like we're going to miss another deadline for news ie end of October. Can't believe just how bad DB is but that's why I'm sceptical about the authenticity of such a woeful performance from this individual. It stinks and has got dodgy dealings written all over it. My money is on GDR being snapped up by Danaher with no warning and DB will present the offer as a 'take it or risk ending up with nothing' scenario.
nah jaffas. PW has blown it for ARB. With current btc levels we would have been at £2 per share if he'd done absolutely nothing at all. Having made all these new exciting Director appointments, sold some of ARB's btc stash when the price was mid range and invested massively in a facility ARB can never hope to make pay for itself I think we can fairly say he's not particularly good at leading this company well and certainly not into a long term prosperous future. If we can claw our way back to £1.50 I think that will do for me. Will represent a small loss for me but better than still being here in 2 years time with repeated dilution and poor BOD's judgement. Wish I'd just kept my money in btc rather than taken the 'safer' option of investing in companies that diverge into various crypto operations.
In business, as in life, sometimes keeping things simple is the best way to go. Over complicate matters and try to look clever and ahead of the game and one can easily lose sight of what it was one was trying to achieve in the first place.
PW not looking so clever now. We're in the next quarter and, oh, we're well down. Go to the back of the class Peter...
Two ways of looking at those Director buys....
1 The people handling the raise insisted they all bought at a minimum % of their respective salaries
2 They were limited as to what they could purchase, respective to their salaries.
My gut says 2 actually or else some of the lower paid Director's might have walked, especially if they thought they were being asked to effectively throw money away on a company they know inside out and are complicit in deciding the company's strategy together with DB. If I knew the company was going to struggle then I wouldn't be happy putting any money into a dead duck.
Hopefully this is just a question of time. Once all the shares in the IPO have actually been churned then I think GDR sp will at least resume where it was beforehand ie around the 40p mark. Good grief, if there was actuallys ome good news released then it could even get back up to 50p but, like most here, I'm not holding my breath.
cj62 - I’m not saying EUA is a scam at all! Every point you make I agree with, with the exception of the forward selling. All I’m saying is that there is some serious shenanigans going on whilst EUA close in on their goals. That is what doesn’t surprise me. It certainly doesn’t make me relax but encourages me to believe sp movements will definitely be manipulated up and down by quite some degree. I just don’t believe the rampers who suggest this is all good and can only go in one direction. Ultimately the value of EUA will go up significantly but when is the question. Speaking of’significant’ or ‘massive’, we’ve not heard anything for a long while about a special dividend being offered up. So i guess the other issue I’m not completely convinced of is the potential sale. If all the figures being mentioned are real regarding resources then I’d be amazed if the BOD, esp in the case of DS, wouldn’t mind waiting an extra 4 or 5 years to make another billion or two…
What ever your strategy is here, good luck with it.
Why would I want to sell?? I’ve made a significant profit from EUA thus far and if my strategy is right I’ll make more. If it’s wrong then I’ll just not make quite as much as I’d like. It’s now all about timing and holding one’s nerve. How low will the sp need to fall before all of the forward sold shares have been churned and mms can at least take the handbrake off? No one knows but that’s not going to be the event the US ii is waiting for: that’s the JORC RNS. I’d suggest they won’t be too greedy but set a realistic price to forward sell at. If JORC figures are really good and we rocket to 60 or 70p then my guess is they’ll forward sell at 50 - 55p to guarantee themselves 100% profit. Then the sp will one more drop by about a third and then we’re put in another holding pattern for the next phase, what ever that might be. All fascinating but it does offer up opportunities. One just needs to be cynical I guess and then make your play. Imhv another 3 or 4 weeks of silence, sp sinks to 16 or 17p and then JORC RNS and license transfers land and we rocket.
Well, this is really dull but tbh we shouldn’t be surprised. This is a rinse/repeat of the last time the secret US ii was given an opportunity to make some cash, er, sorry, to invest in EUA. If this goes sub 20p then we’ll see 15p again before the BOD release the next RNS. I think a deal was probably made between BOD and US ii that they’ll hold news until the sp has reached a certain level. That may well be significantly lower than their placing price (and it certainly now looks as if their shares were forward sold) so they can once again accumulate, build up another stake and then be offered another placing. My guess is next time it’ll be at about 22p so don’t be surprised to see this head further south over the next 3 to 4 weeks then bang, the JORC RNS lands and US ii have again forward sold everything they’re offered in their placing. Dodgy? Yes, in the extreme. Surprising? Sadly not.
Pis have just got to decide where their exit point is and ignore the oft repeated crap about being relaxed. Serious wheeler dealing going on here.
Even more worrying when mac goes into overdrive with his copy and paste posts in an attempt to bury perfectly valid and genuine posts that highlight ongoing concerns.
And mac, I can read RNSs and what you suggest is there has to be construed or guessed at. We do not know what we might be selling, to whom or when or for how much. We do not know who the mystery US ii was that twice came on board and, luckily for them, witnessed a fairly quick surge in the sp followed by a long steady decline.
You consistently present posts suggesting this is a dead cert and that investors can put their collective feet up. Potential bidding war as well? Well, maybe, maybe not. From where I'm sitting I'd say that's what the BOD would like pis to think, probably what the BOD would actually like too but just have no idea what's really going on.
Well done frutsels. You've dared to put your head above the parapet and I'm in no way surprised to see the number of readers agreeing with you, myself included.
The next RNS is going to be telling. Will we be delivered another curve ball by the BOD or will it be exactly what they said is coming next ie JORC figures? Once the next RNS lands I think many people here will finally decide if they trust/believe what they've been told - or rather what's been hinted at - these last 3 years. What ever anyone says, the FSP failed. We moved on to a potential asset sale. Six months later still no sale, still no update in resources. However, and this for me is really key, UBS and DLA Piper are still aboard. Iain Rawlinson is still aboard. If that next RNS is exactly what the BOD have hinted at then we'll be laughing. If for any reason it's delayed or there's another surprise announcement informing of us another shift which is adding value to the company then that's a red light. We've had enough of jam tomorrow, credible parties, interest from here, there and everywhere, delivering increased value for share holders, progress for the BOD's strategy, shortly, in due course etc etc. It's time to deliver something more tangible than a pump and dump opportunity for secret US iis. An increase in the sp is the only way - ever - share holders can realise success in their investments, and one can only stay loyal for so long on 'paper promises'. If we're to believe EUA is a now a major player, one that rivals Bushveld, then the sp needs to be seriously higher than it is today, or else this looks horribly like a long term play by DS and cronies in Rosgeo and elsewhere. To anyone who says 'it's all in the RNSs, read them' - it isn't, and I have read them, many times. To date it's smoke and mirrors and empty promises. how any company can deliver news of such an enormous JV and not see a a rise in the sp of even 1% has alarm bells ringing. If this is such a dead cert then why are not more people, iis jumping on board. We're seeing millions of share being dumped each week, all hidden during the day and then slapped on deck after hours. Does anyone really think that's not a bad sign?
Time to deliver. Updated JORC figures and License transfers and an sp at least double 23p. Then I'll start to believe there's big news further down the track.
Would put money on several large kippers landing after hours today having been held in tight range yet again today. They will all be sells too I suspect.
However, didn’t R1EX say it’s normally a process that takes up to 140 working days? If that’s the case then they should be due by end of Oct - just about two weeks from now - assuming the process was started in mid March. Tough to know what to expect but it’s par for the course as an EUA holder.
Yep Tilly, as expected. What’s not so great is that all the camouflage is to hide huge sells, not accumulation. Day after day this happens so it now amounts to several million shares sold whilst the sp is artificially held up.
Ongoing silence for another week and I can easily imagine this dropping into the teens again. What ever is going on there’s an awful lot of effort being put into keeping the real sp direction hidden just now. Just my luck to have topped up when it was a tad under 25p.
Let’s hope JORC news shortly was a genuine statement. Unfortunately the BOD do have form for winding up pis then going quiet for several weeks.
PW and other Directors have set ARB and pis up imo. We’re the sacrificial lamb. Think ARB is not going to die a slow painful death. If it’s now today disconnected to BTC then what has become its main driver? It doesn’t appear to have one any more. Maybe PW can turn the Texas purchase into a fun park instead. Then he can use that as his plaything rather than hapless investors (incl myself) . Just selling more every time I can get £1.16. Will be a hefty loss but this is now consigned to the dustbin.
…just looking at the short term PW and his team seem to have made a bout of a pig’s ear of recent company transactions. ARB should definitely being seeing some upturn with btc heading back to ath. Something has come off the rails in terms of ARB’s appeal for new investors. It’s not currently a case of quarters and years. There has been a misjudgement of some kind and may now take rather a long time to put back on track.
Disappointed but will hold a while longer to see if there is any movement or not, in either direction.
Personally I think many of the figures mentioned are a bit optimistic, to put it mildly. I’ve banged on repeatedly about the huge disparity between current sp levels and what some are hoping for. I’ve never bought that. The only way we’ll see £1+ is if the sp jumps up significantly on the JORC figures to be released ‘shortly’. If that happens, followed by an announcement of an asset sale, then I think the sp could lurch its way up, but for me the notion of it jumping in an instant by several hundred % isn’t at all likely. Sorry. Just keeping my feet on the ground as our BOD have repeatedly raised hopes only to leave lths hanging for weeks/months even years.
When the next spike comes that will light the touch paper for the first uplift. If we can get to 50 or 60p on updated JORC numbers then that’s a good start from current levels.