RE: Deals must be in Rubles4 Nov 2023 08:07
There will be no deal and there will certainly be no dollars.
Lifestyle company if ever there was one and if you don’t realise that now having had a mcap of $1b at one point and it’s now about $60m , then more fool you. There are no real assets for EUA to sell imho and I think once the deal was signed with Rosgeo, the Directors realised they’d been had by the Russian State. From that point on there has not been any progress or proper release of information. The State obviously thought there was money to be made so stuck it’s oar (ore!) in and got greedy. Just my humble opinion. Directors knew years ago they’d blown it and so whacked up their salaries and since then have done absolutely nothing of any use to share holders. It’s long been dead in the water and I’m sorry so many lost money here (me included) but if people still refuse to see what’s in front of their very eyes then what can you do?!
I now suspect EUA are pretty much out of cash and may well end up being suspended, shortly followed by going into administration. Rosgeo will take anything that’s actually there.