Member Info for roger65

Apologies, JT that meant to say.

Only just looked in since this morning. Slightly worried to see a 1m trade that looks horribly like it’s sell. Is it? Or is it just dressed up to look like one? I’m reliant on people like JY, TillyW and Caw1 and the like for sensible responses to such a question but grateful for any one who has some inkling of what that’s about please. Many thanks to all you chaps for ongoing info on daily trading patterns and things like this. Much appreciated by myself and many others to I’m sure.
GLA

I don’t think this SP is going anywhere until BR give a green light. They have a multitude of means for manipulating stocks and this has been in a fairly vice like grip for months. Once they’re in the position they want it’ll suddenly go. In fact it’s been stuck ever since they came on board...

Patience. One fine day this will be let off the leash and we can then really go on the lash!

I did. It was a rhetorical question. If it’s meant to be taken seriously as an updated report then for all the news over the last year regarding flanks and Tipil etc we’re more valued at a whopping extra 13p to the sp. if that’s anything like accurate then talk of receiving a special divi in the £s is laughable. Only my view but I think it’s looking more like MT and a few other odds and sods will go for £2 - £3b and we’ll get a divi off about 50 - 60p. Still not bad but not what I personally wished for ie a full sale.

The wait goes on.

Has this factored in 15m oz at MT? If not, then why not? If anyone believes that’s what’s there then this report is already out of date and can’t really be used as any kind of yardstick ie exactly what it’s supposed to be for. Odd. All very odd.

9 trades in a day?
Yeah this is really about to take off chaps....

Avoid like the plague or you'll just be contributing to BOD's kids school fees.

Unless EUA are planning to release an RNS with new info just before the report is announced...?

Don't see how it can be forensic and they can know of more than we do. Anything price sensitive has to be released via an RNS first.

But will ACF be allowed to bring any new info that we don't know of yet to bear in this report? If the wider market doesn't yet know things such as new approved resource figures etc then that will be price sensitive info and so how can ACF use it for their report?

Did these guys do a report previously? What did they base that on? Just the 1.9m oz at MT?

Interesting to know who has commissioned this report. Assuming they would't bother doing another one unless there were significant changes to update everyone on....

yes, we haven't sold anything.

the subject title says it all....
What a huge waste of time and money.

Just thought I’d check in on the off chance there might be some news here. Silly me...still no sales at all.

Bravo DB.

Whilst I continue to wait for some news from EUA, I was daydreaming about the scenario of Sibanye doing the mining, funded by Japanese Consortium. Probably an unrealistic notion. But between them they’d have deep enough pockets, even to buy the whole shebang.

We will have to be told something soon if we’re going to be asked to vote on anything in the AGM. If we don’t hear anything by June 8th then I reckon this could have months still to go. DS wasn’t kidding when he said “we won’t be rushed..”

Have the NOMAD corrected the mkt figure yet from £2.8b?? Anyone know?

IMO as has been mentioned before the main problem with the current sp is that it's based on just 1.9m oz which have been approved at MT. There's so much more that EUA might have but the BOD for what ever reason have seen fit not to bring any further details to light. We have still not been given any details regarding the DFS so we're all guessing to a large extent.

I just hope there's a good surprise once everything is announced. At the very least I would hope for a special divi of the current sp as the BOD will want to keep as much as they need for developing what ever it is they are going forward with, so they won't pay out the entire purchase price of the assets. More realistically I'm hoping for something approaching £1 per share as a divi. Just hypothetically speaking let's say the assets were bought for £5b and then the BOD keep £b for future developments and pay out £4b. That would give us roughly £1+ As far as the CGT is concerned, that would be a nice problem to solve!

GLA

Yes, that and living with the knowledge I could never be as condescending as you Lamstree.

We could be keeping these and so rinse/repeat sale process of Volchetundra in about 2 years time?? I like the sound of that! Would be a brilliant way to keep share holders on board too.

I've really no idea. Someone has already posted suggesting a new entity came to the party after Christmas and changed everything and that seems to make most sense to me. imo they offered considerably more than anyone else up to that point, or else why would the BOD throw away all the hard work done up to that point, and are heading for the finish line and picking up the palladium trophy. I also happen to agree with the view that the BOD have left the door open for a last minute surge from another buyer.

fwiw my money is now on Japanese Consortium buying MT and taking on the JV with Rosgeo (I think the Russian authorities would be more comfortable with these resources in the hands of the Japanese than perhaps elsewhere a little closer to home) and leaving us with WK. This would still give DS something to play with for his new venture into the blockchain tokenisation of PGMs and Lybrion.

I know we still don't know exactly what we have to sell etc but it has to be considerable and so, with a conservative guess, I would say a £5b sale we'd end up with perhaps £4b of that being paid out as a special divi - equates to roughly £1.40 per share? - and EUA keeps the rest to pursue its operations at Wk. However, I know nothing.

GLA

Impossible to stop thinking about this at such a crucial stage of proceedings but I just wonder if anyone else agrees with this thought. It's been established that 'substantially all' of EUA's assets means more than 75% of everything we have. So, if the value of 75% of the JV with Rosgeo is included in our assets then I can't see how such a sale can not include both MT AND the new JV. Neither makes up only 20% or so of our total worth. The sum a buyer will have to pay for this is surely going to be huge, even if it's all still in the ground. Remember 4 of the mines in the new JV have 'approved' resources and, whilst we're yet to see an updated report which may more clearly define what's in the MT Flanks, at least 1.9m oz are approved there also. I think the sale has to include both MT and the new JV and may leave EUA with WK. It's just yet more conjecture from me but surely something like £5b+ for 'substantially all' of EUA's assets would be realistic (generous even) and enough to pay out a really handsome special divi whilst also leaving plenty in the kitty to see WK developed fully.

I was grumpy yesterday because I hoped the sp would finally see the kind of increase that would make sense to most of us here. I am most definitely a lth of 2m+ shares - so who ever it was that said I didn't have any at all many thanks for finally putting a smile on my face yesterday - and this is my largest holding by some considerable margin. I make no apology for finding myself slightly stressed every now and then by the ongoing lack of clarity with EUA but I have every right to post the occasional message here seeking either reassurance, confirmation or even just to humour myself. The more I read the RNS and have others point out, interpret and decipher specific aspects of it the more I believe we're finally near the end and that it's going to be a good result for all genuine holders.

As always GLA.

Awful lot of it going on here today - even more than usual - but that's hardly surprising given our BOD seem intent on keeping us in the dark as much as they can on any specific information. I wonder if any of them would ever have invested in something so lacking in clarity and transparency. We still don't know what we have to sell, to whom or for how much. Is it any wonder the wider market is staying out of this?

I'm afraid to say even if the BOD did sell most of the company assets there is no guarantee they will pay everything out as a 'significant dividend'. 'Could allow' is not the same as 'we will..' They could keep as much as they like and offer the rest to us over the next year.

Feeling really down in the dumps as I've lost count now of the number of hugely positive RNSs that have been released only to see the sp show the merest signs of life and then begin its inevitable retrace back downwards. Got to switch off for another couple of days.

GLA