Member Info for roger65

Yep total guess. I admit your scenario looks more plausible.

50p special divi and the BOD out in force next week to persuade people to stay invested. Announce JORC figures and all the various transactions, which could just as easily be some more license purchases rather than just assets being sold off.

Asset sale for $3b (for MT and WK) and a pay out to share holders of half of that. Think they will announce some funding agreements for going forward with EUA2 as well as keeping back half the asset sale price.

50p special divi and keep all your shares would be a great result here.

If results are truly imminent - and DB was specific enough in stating days/weeks, not months - and AIHL will be launched very soon I think the sp is now at a price that is too good to ignore. Even a modest rise to 25p would represent an increase of nearly 40%. Surely the outlook is better than these last 6months or so.

AIHL on its own should get the sp back to 30p at the very least. Or am I looking at this through rose tinted specs?? There will be a sudden surge out of nowhere as someone somewhere will be given the nod on either results or news of the start of sales and then it will be too late to make up my losses incurred from buying in at £1.50. Ouch! Got my average down to about 65p but am considering lowering it further. I thought the presentation wasn't too bad and there was plenty of admission on failings, albeit sprinkled with lots of optimism but I genuinely think there are some good outcomes highly possible soon.

The iis who ploughed £6m into GDR must already be asking themselves what on earth have they done investing here. How low could this go with a poor presentation from DB? 5p? Surely those iis are going to be jumping down DB’s throat if this tanks further, unless said iis are investing on behalf of some organisation which wishes to buy GDR of course….

Likewise, voted against. Given up on what I have left of this stock but can’t bear to think of LR continuing to take a healthy salary for delivering absolutely bugger all. Even if share holders can’t get rid of LR they can hopefully fire a shot over the bow so he knows some of the people he relies on for his salary are feeling disgruntled and disconnected with management of EUZ

aggh arthritis and fat fingers...typing anything these days takes an age. Apologies

If this doesn't land soon, as stated in the RNS of mid Sept, then there is something seriously amiss here. We need to see the results soon - that normally comes a little after shortly I gather, so now is about the time. The teasing, nudging and winking RNSs need to stop and we should be given clear unequivocal information on what the status quo is regarding not only any potential sale of assets but also future plans for what ever might remain of EUA if certain elements are sold off.

The excuse of information having to be kept secret owing to NDAs is no longer valid. We are not in a FSP any longer.

The hopes for a surge in the sp owing to news tomorrow of remaining on the MSCI small cap index list is imo something of a life line for the BOD who are clearly struggling to come up with anything concrete just now, in spite of recent RNS statements. A spike in the sp tomorrow can all easily be contrived by a small gang of traders hoping to spring a trap for unsuspecting pis. Keep your wits about you tomorrow folks. Nothing is certain here with EUA and the very last thing I would do is put my feet up and relax.... When someone says that over and over and over again, then beware!

That fake document being tweeted by someone supposedly well respected on the EUA billboards and Telegram group has really raised my heckles.

possibly more to do with BTC dropping very suddenly by over $1500? Knee jerk reaction I guess. Can't imagine US investors baulking at such a minute dilution.

See below, from a rather large tome that I don't have the time or will to read/wade through. It's early on (thank goodness) so easy to spot. Seeing as over the whole of the last 12 months EUA's full market cap hasn't gone under $500m I'd have thought EUA is unlikely to be booted off (or should that be botted?) but wdfdik.

' The market capitalization range that defines the small cap universe is USD 200 –
1,500 million in terms of the company’s full market capitalization.'

What is the criteria for being included or excluded? I thought it was to have a market cap above a certain level but can't recall what it is. Will look it up and post back if I can find anything useful.

As for the Tweet I'm really sceptical I'm sorry to say. Question is - why would R1EX put that out on twitter? he must have seen that glaring error too.

...by the date stamped on the document R1ex tweeted about?? I know we've been told to be patient but 2070 is a long way off and even most of my immediate family won't be around then!

Excellent. I'm sure we will be hearing something 'shortly' then.... Oh, no!

Not yet. Annoyingly, as some predicted, the share has been traded in a 'closed' period of about two weeks with the price varying between $1.50 and $1.64 only for it to plummet just as we lucky pis will have access to it. It's all so bent! Pis are on a hiding to nothing with most stocks. I hope those who predicted the drop aren't right in that it will go through the floor once we're out of the closed period - and I'm talking about TILS on the Nasdaq, NOT ACC!

doh. * $700m. Not $700b!!

* seek approval

And there in lies the main problem mac, we don't know if we have 15m oz yet. Nor does the wider market. Until that JORC update is published in black and white EUA is seen as high risk and best to trade in the short term. There is still no proof, other than RNSs hinting at what might be in the ground, of what reserves and resources lies with EUA licensed territory.

Why is the BOD so reticent to come forward with proof of what it is they keep hinting at they have potential buying interest for? I said many times a few months ago, it can't be in the interests of EUA to suppress the sp. Any potential buyer will have to seem approval from its share holders and that would look like a tough sell to me. Put yourself in the shoes of an NN share holder for example. Hey we want to buy EUA for $5bn even though at the moment it's market cap is only $700bn. Would you vote for it? Not sure I would without evidence of there being true value for money. After all this time the EUA BOD still can't provide the market with any firm evidence of what they have or what they want to sell, and thus far, compared to the likes of Chalice, I'd say they've spent bugger all on even attempting to do so.

BondDivi
'Fancy slide deck means nothing in terms of a valuation'. Really?? Chalice are valued at £2.38bn with far less resources than EUA supposedly has. Get that fancy slide deck done in doube quick time I say!

Until the EUA BOD put out an RNS with specific info the stock will be a plaything of the mms and iis as Tilly repeatedly makes us aware of. The longer the situation goes on whereby we are told 'we've got lots of interest from credible parties in what we have to sell' but aren't told what it is they have or want to sell, or how much of it they have, or who they're selling to or for how much, or when (!), then of course many serious investors won't pile into this but will happily trade it knowing there are a significant number of pis heavily invested and vulnerable. Any reasonably bad news here and many would run for the hills just allowing the insti's to make more money and accumulate more stock for trading and one day, just one day may be, EUA will actually announce something that isn't tantamount to a game of hide and seek.

As for current valuation of EUA, if the market is provided with detailed and professionally assembled documentation, as Chalice have done, then of course the market cap would soar, but only if they can prove we have anything like as much as they hint at. At the moment we are valued at 2m oz at MT and a working mine at WK with relatively little income. EUA have been given a lesson by a small outfit as to how this should all be done to gain respect and proper investment from the wider market, rather than being toyed with as a large trading pot for mms and iis.

Where is that JORC update??????

Blimey that's an impressive looking document with tons (deliberate pun) of detailed and specific information, especially considering it's for a far smaller project than EUA. Makes EUA's website and information look scant and pretty amateurish tbh.

Seems mms are confident of no news at the moment, hence we’re in another one of those dull periods where they’re playing with the sp. Typical psychological games. Finish the day with a small trade that gives us a much higher UT figure so that we can open in the red. Designed I imagine to make pis sell, thinking we’re in for another red day.

Not quite sure what the BOD are up to by delaying JORC announcement but it must have been completed and viewed by the credible party that has completed its DD successfully. Perhaps the delay is in the transfer of licenses from Rosgeo to EUA? Now looking as if we’re heading into 2022 before this will all be concluded - assuming this will end in a sale or asset sale of some description. Nothing is guaranteed.

Come on BOD, get a move on and deliver on the statement you made in the last RNS ie WA audits and and other tasks are almost completed and will be announced…shortly??