RE: The board9 Apr 2022 09:59
I doubt they've got anything to report at all. Their hands are tied by Rosgeo imo. That's why there has been no license transfer or updated JORCS, nor will there be until such time there is an end to the fighting and sacntions lifted. EUA is in a dire situation and imv people are going to be extremely lucky if this share ever makes it back to anything like the 20s. My personal view is that the Kremlin will be so crippled financially by this disastrous war it will have no option but to seize all of Russia's Natural resources and sell to the BRICS members for what ever it can get for them. The EUA BOD will be swept aside with a wave of Putin's hand.
Again, just my view, getting involved with Rosgeo was a huge mistake. EUA didn't ever see any increase in value having got into bed with Rosgeo and now they have control over anything meaningful that could increase the value of EUA and its resources. Nothing will happen without their say so. All in all the EUA BOD have royally messed things up by being too slow or perhaps too greedy. If there was ever any deal seriously on the table then it should have been wrapped up years ago.
I have written this investment off and will come back and have a look once the war is over, which now looks as if will be months if not years off. For some inexplicable reason the peace talks appeared to be going well then sleepy Jo made a few rash comments and now the US and UK appear to prefer the option of prolonging the war and upsetting the progress in peace talks by focusing on the war crimes and nailing Putin. It's utterly pointless. the longer the war goes on the more crimes will be committed. Zelensky needs to cede areas in the East and guarantee Ukraine never joins NATO or the EU. Then it can hopefully see a withdrawal of Russian forces and begin the long tough road to rebuilding their devastated country. Maybe Biden and his son and Johnson and cronies have found a way to make too much money out of the war to want it to be stopped any time soon. Get the war stopped and then talk about war crimes afterwards. Just get the Russian forces out of Ukraine first