Member Info for roger65

OMG where is the bottom with this stock? I could not have imagined in my most awful pessimistic dreams that the sp would plummet this low.

20p? 10p? Spectacularly bad.

If you are one of those people who subscribe to the view the US ii who came on board with the initial $20m at 26.5p has forward sold per much all of their shares then you must be getting excited now. Given the BOD must have reeled in another ii with similar info given to the first ii then they are either super confident they can a) make a killing by just holding on, in the knowledge EUA is about to rocket or b) make a killing by forward selling all their shares at a significantly higher price than 26p in the knowledge EUA is about to rocket.

There is definitely a major uptick coming ‘shortly’ . The real question is by how much will the sp increase. If recent performance is anything to go by ie 15p up to 37p then that’s 150% from where we are now, minimum. Fuelled with JORC figures confirming once and for all what EUA is about to try and sell I suspect we’re looking at rather more like 200% in short order.

Roger Ramp.

avfc111 - I meant he'd missed the boat to get on board at 15p. Agree with your point about upside from here on in though.

If an RNS is released stating EUA have anything like 60m oz (40m for MT + Flanks and 20m oz for NYUD + other Rosgeo JV areas) then the sp will not re-rate to 35/40p. It will be far higher and might well cause a suspension but I sincerely hope not. The last one was torture. I do recall the term 'shortly' being used at the end of an RNS once before but can't now recall what it was with regard to. I do though remember it wasn't nearly as 'shortly' as most of us would have liked.

This time round we know the time for license approvals is on average 120 working days, so since March I would hazard a guess that the license for NYUD is almost complete. Many here believe the BOD have instigated the recent raise owing to the fact we need to pay Rosgeo more for an increased resource. If all this is confirmed in the next two weeks and for - ok I'll be conservative - 50m oz then I would not be at all surprised to see the sp shoot up to £1. IMHO this is where things could get very interesting and EUA find themselves the object of desire in a bidding war. Even if anyone dumped their shares at this point I feel there would be plenty of other organisations keen to get in on the act and help keep the sp buoyant. If EUA decided to sell the lot then it's well north of £1 even. I don't think said US ii is going to be patting itself on the back if they've jumped ship at 35/40p on the way up.

A full sale is my personal preference for no other reason than I don't want to be in the position of having to make a decision on whether to sell or not. Just announce a buyout price and we vote to accept it.
Come on please BODs, the suspense is killing me. Confirm what's in the ground once and for all and then tell us what is being prepped for sale. Please.

Really poor attempt to deramp and worry pis this. Why would you come up with this ridiculous scenario if you were invested yourself? Oh yes, silly me. You're thinking of a cheaper entry point. I seriously think you have missed the boat/Galleon.

On release of updated JORC figures the sp will re-rate. No question. By how much only time will tell.

The amount of money the US ii has invested however is dwarfed even by that of pis alone, let alone the BODs and other organisations who have taken firm positions in EUA. Once JORC update is released I believe there will be such interest and confidence in a full sale (still think this will end up happening rather than an asset sale) then coming to fruition that the US ii would be pretty much shooting themselves in the foot financially. There would NOT be a collapse in the sp and, even if there was a dip, I think it would be very short lived. Not to mention the self harm such a move would do to said US ii's reputation. No company would ever go near them in the future offering such investment opportunities again. Even in the murky world of high finance and investing no ii worth its salt would operate in such a way.

In a nutshell - jog on.

Big question for me at the moment is does 25p take into account just the 1.9m oz at MT and a little something for WK? Remember the sp didn't rise at all on the announcement of the Rosgeo JV, in fact it declined further afterwards (which blindsided most). Or is there a small percentage of the inferred resources already included for what might be at MT of say another 13m oz and then an even smaller % of what is thought to be in the ground in the flanks, a further 25m oz I think was touted. It's all so unclear and involves lots of guess work so my thoughts are that anyone could be on the money with their predictions at the moment. Sadly though even my optimism won't allow Hoochy's guess to be included in that statement.

As far as we can make out - and this is vague to put it mildly - general consensus is that MT + Flanks might be going plus 6 of the JV areas. Am I right in thinking that at the most it is thought there might be something in the region of 40m oz in total for MT + Flanks and 19m for NYUD + the other 5 JV areas? I am simply trying to get my head around what kind of re-rate might be on the cards once that RNS drops. If current valuations are based on approx 1.9m oz and JORC makes that figure leap to 60m oz then that's going to cause one heck of a reaction. Surely the BOD wouldn't want to stifle a rise in the sp at this point?

Maybe the BOD were simply asking for far too much during the FSP before they could provide proof of what lies in terra firma. If they can now furnish potential buyers with a far more accurate shopping list then this is a whole new ball game. My mind boggles at what the sp could shoot up to. Follow that with a bidding war and then Rowka doesn't look nearly so wildly optimistic.

Is it Christmas yet?

Fascinating musings LB.

One query from me though: if a potential bidder has gone to such lengths to try and keep things under wraps until they have total value of resources confirmed, why would they then be happy to have the JORC figures announced publicly, highlighting to other potential bidders what is on offer and possibly resulting in a bidding war, something they have been at pains to try and avoid thus far? Why wouldn’t they insist on an NDA for this aspect of negotiations too?

One other scenario your musings have put in my head is this: the credible party actually want to mine the whole thing alongside EUA and keep it out of the clutches of NN. In order to secure this option they have contributed to getting all the resources updated to JORC and then want the results announced to the world so as to highlight how expensive it will be to buy EUA, thus discouraging other parties from coming forward and entering the fray.

What ever transpires it’s going to be fascinating to see the BOD’s strategy eventually all laid bare. What ever happens now, I’m convinced there will at last be a re-rate of the sp on release of JORC figures. This will provide many pis (most likely me too) with an exit point and then EUA would be welcoming more iis on board and creating a share holder base more to their liking for the long term future. As I say, it’s just fascinating to watch. Just hope it isn’t dragged out for too much longer though. Within the next two or three weeks would be perfect. GLA

Looks like a lot of sells to me. Sp has been bound and gagged all day and if there are all genuine sells then that makes more sense than orders being filled. Not sure i understand the rationale behind the games.

Why people keep insisting the JORC rns could drop tonight is odd. We were informed less than 24hrs ago - in an RNS - that their work isn’t quite yet finished. Nearly, yes, but not yet. Another couple of weeks imv but no one knows for sure.

When this wait is over I will welcome not having to endlessly check Google for the prevailing sp! Spent far too many hours over the last three years doing that and can’t wait for it to stop.

GLA

Think that means another couple of weeks at least so expect yet more shenanigans from mms and shorting. Hold tight. Patience will be rewarded here but the wait isn’t over just yet.

..is CHLL in danger of going bust? When will the decline stop? Absolutely no sign of things improving any time soon. What a disastrous performance from the BOD over the last year. Woeful.

So only 20% take up suggests the wider market doesn't trust DB or the BODs very much at all. The BODs themselves make up quite a percentage of the OO take up so it's even worse than I thought it might be. However, a possible market of £35m in the UK and EU for this product represents something positive (will it not be sold in the US at some point?) but unfortunately DB has seriously damaged his own reputation with a truly woeful performance over the last year. Lessons learned perhaps, but why would people now suddenly think that a guy who couldn't sell a single COVID product in a global pandemic can all of a sudden become a successful salesman with an entirely different product? It will take time for confidence and trust to be restored here but at least the first steps have been taken. If people are looking for some humility from DB then I think they're wasting their time. Even he has only bought £20k worth of shares. It wouldn't surprise me if the BOD had been instructed to buy themselves in order for this recent OO to be allowed to go ahead, rather than the BOD actually having massive confidence themselves in what they are doing. If they did then why on earth wouldn't they have boought more than the meagre amounts in they have. No trust or confidence in the BOD from me any more but I'm so far in the red now I may as well just let it ride and give the company one final chance to prove they can justify anyone putting their hard earned cash in this stock.

I know this is a negative post in terms of sentiment but I only have the BODs to blame for such a terrible performance over the last 6 months. From recent highs of £1.50 per share in mid March we witnessed a drop of 83% in the sp in just 5 months. 83%!!

DB and BODs it is time to start delivering please or people will be calling for your resignations 'ere long.

Yep, I concur. Can’t buy any via HL. So useless when it really matters and generally so slow to react. Infuriating.

Come on EUA, your share holders have been very supportive in recent votes and very patient…very! It’s time surely?

That list looks like there are rather more sells than buys.... Or is that just more camouflage? Don't really care as long as we move back into the 30's soon.

Yes please. Thank you

May I submit a guess please Ian?

Special divi 75p. If it's a full sale then £1.75.

Krayl49: I must have missed that information on NN being a lone bidder. I'm also of the opinion, as stated in an RNS, that there was no sale and that the FSP was drawn to a close. Call me old fashioned but in my book that's an unsuccessful FSP.

I'm not saying you're wrong however, just that your summary involves a fair bit of supposition (that's what all EUA share holders have had to do for the last two years) adding 2 + 2 + 2 and making the total 7. You may well be right and if you are then I just hope NN will be prepared to pay EUA a fair price.

GLA

Yes mac but there's nothing to stop a last minute bid for the whole shebang. EUA's BODs can't inform the market of something hitherto unknown to them. I'm hoping once JORC figures are out and confirmed as significantly higher than we've all been led to believe there will be one of the big players who can't resist the temptation to bag the lot and gain themselves a huge treasure chest for the next 20 years or so. We're talking about global competitors here who deal in a most precious commodity even today. Imagine what it might all be worth in another 5 or 10 years time. To have market advantage over their rivals big companies such as NN have to be aggressive and play hard ball. Are they all going to sit by and watch one party get their foot in the door on such a huge slice of this particular market and bide their time hoping to get in on the action further down the track..?

We witnessed the FSP draw to an unsuccessful conclusion. IMHV this was simply down to the unknowns being still too heavily stacked up. None of the potential bidders would have wanted to sow their hand early on with the resources unconfirmed. that's now not the case. There will come a time when all will see what's on offer and if it's worth even half of what we think it is then someone is going to blink and shots will be fired. then all bets are off as to what may happen. Either way it's both incredibly exciting to be a share holder here whilst at the same time incredibly tedious to see the mms, iis and trading bodies messing around with the sp on a day-to-day basis. One RNS with JORC figures and this all kicks off big time.

Are these expected to be good?

It would not surprise me in the least if mms surpress the sp this morning to allow mates and iis off the hook and close shorts. We’ve seen it many times before. If that’s the case I’ll be buying another couple of chunks of 49,999 shares. There is only so much the mms can do though. At some point the wind will change and we’ll move northwards at a rate of knots with no effort. It stinks but that’s AIM for you. Fab to have numerous posters on this bb help with trade actions and imminent movements. Thanks to all for this as it definitely helps maintain confidence and acts as an excellent morale (pls note Tilly) booster.

Personally think the RNS with JORC will land tomorrow. The shorts have one day to be closed.

Here’s to a good day.

optimistic? Delusional more like...

£2 levels? You're having a laugh me thinks. If not then I wish you all the luck in the world.

Please don't take any notice of such silly statements. We had a recent spike to £1.50 but that was when DB told everyone the numbers looked fantastic and lied to shareholders about the likelihood of success and timing on POC and other GDR Covid products. Now we've realised there have been no sales at all, anywhere, and the the awful debacle of the recent placing, which is highly likely to fail and result in another crippling plummet of the sp. This will, if we are very, very lucky, scrape through and survive the placing and perhaps claw its way back to 40p by the end of the year. Anything else suggested is simply for dreamers.