Member Info for roger65

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.

He’s right. TILS shares once exchanged for Nasdaq will be worth 1 for 2. At $1.20 that’s 87p divided by two. Hey presto 43p.

All seems rotten.

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.

Yep loads of sells. Not sure what we’re not dropping tbh. Is it the reverse of usual games? Ie holding the price up whilst mm’s mates sell up..?

Looking forward to that spike happening any time soon…

Apologies. I stand corrected. It was wishful thinking more than anything…totally gutted by this share.

That’s the biggest buy for ages, more than double what DB was made to purchase. As with most things on AIM I think it’s unusual, to put it mildly. Generally that would indicate someone knows something. If there’s some positive news on Monday it wouldn’t surprise me in the slightest. Someone always knows.

One has to take the positives when one can with GDR…

I’ve picked some duds in my time but I’ve never held shares in a stock that has done this badly. We’re now not far off seeing a 90% decline in the sp in six months. I laughed (more sighed really..) when someone recently said they’d be a buyer at 15p. Now there’s no hint of a smile on my face at all. What the hell is David Budd up to? Is he really on a mission to destroy this company and its potential just so he can hand over the office keys to a buyer (who has clearly made it worth his while to run GDR as close to the cliff edge as possible)? It certainly looks like it. Normally any half decent CEO would be putting out messages with at least something positive even if it’s all further down the track. Absolutely nothing from DB to reassure investors at all. That’s just odd. Or crooked? Something isn’t right for sure

Regrettably we have seen this time and time again with EUA. if you're a holder here now then you'll just have to get used to terms such as 'shortly', 'in due course', 'as and when appropriate' being used rather than eg end of Q3. I have the feeling that, rather similar to when the previous US ii (still unknown) came on board, that we are now in for a longer period of silence than we were expecting or led to believe, and that during this time the sp will be messed about and we'll witness another slow but steady decline into the teens. When JORC figures arrive though there will be one of those fantastic EUA surges and it's simply a case of being on board for when it happens. Frustrating in the extreme whilst we wait but quietly confident the wave will come.

* £700m … not dollars!

The BOD definitely have form in respect to building up hopes by using terminology such as ‘shortly’ and then things go very quiet for quite a while before the next news.

I’m certainly not suggesting the BoD aren’t carrying out the operations they say they’re involved in but timing is a thorn in the EUA share holder’s side. I fall for it every time it seems. This time though they did make an additional comment regarding the resource audits by stating they were’ almost complete’. It just is the way of things with mining companies. Nothing happens quickly and much patience is required. Trust is of course a huge issue and to date I’d say the EUA BOD have done well. Indeed, there was no mention or promise of the Rosgeo JV, so one could argue they’ve substantially over delivered in increasing value for shares holders. However, the timing issue remains. Hold fast and bite the bullet whilst the sp drops day after day but knowing full well there will suddenly be an announcement that will cause a huge surge in the sp. That’s how it is with EUA. Sadly we’re in one of those dull periods in which the mms and iis can manipulate the sp but it won’t be long before there is another surge that they can’t contain or control. Patience. I believe the BOD when they say they are working on an asset sale. Once JORC figures are published we’ll be an awful lot closer to that goal. As I’ve stated previously, I think once this occurs there will be a move made by one of the big players and we’ll find ourselves at the races: the race to own EUA outright. Out of the blue an offer will land for the whole shebang and we’re asked to vote on it. Question is: how much will that offer be? It’s not going to be $700m which is what our current sp suggests we’re worth. Even if it was only £3b that would still put us at about £1. What a reassuring thought.

Doozy - how about quelling the surge in sp when news of India license was announced. He was very keen to stop that momentum in its tracks...

One can't highlight any examples of him doing the opposite ie attempting to be positive because every time he did that in the past it turned out to be lies.

Taxi for Mr Budd???

Right now I'd take 40p! At this rate Db is on for a whopper of a bonus if he delivers GDR into the hands of a buyer for anything under a quid.

I said ages ago i thought his handling of everything was odd in the extreme and that it was as if he was deliberately trying to damage sentiment and present a terrible picture. I only half thought I might be right but now, with iis recently having put in £6m I think it's highly likely he'll present a buyer and that GDR is a distressed sale.

My money is once again on BC/Danahar. Let's just hope it's for 50p and some of us can get away with not such major losses. I feel sorry for those in deeper with higher averages than that. Mine is 75p and I'll take a whopping loss even at 50p but I just don't want anything to do with DB anymore. I think his modus operandi are tantamount to criminal activity. Just got to hope we can at least see this turn and then pick your moment to jump off. As I say, I'd be off for 40p the way this stinks.

I was convinced this wasn't going to sink yet again with such positive news on the 'shortly' horizon. I topped up yesterday and this morning thinking I'd got it right for once..... How stupid of me.

C'mon mms give us 50p and I bet a hell of a lot of pis would jump ship and leave the iis and those with a more stout heart to it.

Agree Bruno. If it’s so obvious to most lths here what’s on the cards then why is this not already showing signs of excitement? If it’s large orders from iis then why not at 26p or even 28p ? We’re going to go way higher as soon as that JORC rns arrives so why worry about 1 or 2p? They’d get the orders filled far more quickly if they let the sp go a bit higher.

Any explanations/thoughts on what could be going on? Happy to hear contrary views within reason but mindless deramping I can happily live without…. Tks