Member Info for roger65

Morning Ian, my I please be added to the guess list?

If we can get back to 30p then I think a 200% premium is possible in current circs (akin to perfect storm scenario) so...
Monday March 21st 90p

Tks and GLA.

Sorry Caw1, for simpletons such as myself, are those all sells?

As an aside: am I alone in not trusting Queeld to make the relevant declarations if they had decided to sell their massive profits? Surely they would just stick 2 fingers up to the FCA, which is a spineless and toothless organisation anyway.

There has to be a really big seller. I don't believe the number of shares being hoovered up by iis over many months is purely down to impatient pis and day traders. is it? Queeld are doubtless cunning enough to get their funds out of the UK. Just my simpleton opinion. Might explain the relentless string of red days - ok we've had a few blue ones recently but come on, being honest, since November we've mostly been played by someone consistently selling and the mms.

Does it seem strange to anyone else that we've not received news on any fronts at all that will catapult the sp upwards? FDA, MHRA, TR-1s, sales contracts..? DB isn't allowed to keep significant news regarding these issues under wraps is he, until such time as it suits him? ie March 26th?

It's been there since July 1st 2020

I do think Hector is right. There’s been a major seller for ages. Tilly equally correct in that there is major accumulation occurring but, forgive me stating the bleeding obvious, for every sell there is a buy.. There has been too much focus on the buying. Queeld, who clearly don’t give a toss about declaring their interests at any point to be above board, could well have been taking their massive profits over the last few months. Does it matter though? If it’s iis hoovering everything up then we’re certainly no worse off. If anything I prefer it as the iis don’t try to hide their positions once they’ve actually made the decision to get on board. Queeld is a shadow hanging over EUA given its dubious history. Better rid.

The next time this share price rises with no news will, I hope, be the signal that the finish line is only 3 or 4 days away. If there is a sudden unexplained rise which takes us to 40p or, heaven forbid, 50p then I’ll believe once more that £1.50 is doable. That would be a 200%premium from 50p and, as such, eminently attainable.

No, I personally value it more highly than that (originally I'd thought even as much as £5b could be achievable but in all honesty wtfdik) but suspect it's not what we will see or receive by way of an increase in the sp once a deal is done. As I've said before, I simply don't believe it's in the best interests of EUA to have a share price dwelling in the late 20's or even early 30's if they are realistically hoping a company will persuade its own share holders to approve an acquisition at a premium of several hundred % eg £1.50 a share. If these RNSs are meant to instil confidence, inspire belief and give a shot in the arm to the share price then the BOD have failed in that respect. That's where it doesn't add up for me at the mo. Our BOD are a formidable bunch and I think will have everything where they want it. It's the 'why' that I can't figure out. I can all too easily imagine some trickery behind the scenes and what we will be told and will receive will bear little resemblance to the truth or true value. If we come away with 60 - 70p per share I will be delighted. i've been here nearly two years and have a prety low average but have not been able to resist a few top ups along the journey. Anything more than 70p and it will be a pleasant surprise.

I'm turning into a cynic. Time to switch off for a few days. Stay safe all.

I find it disappointing in the extreme - but sadly in no way surprising - that the rise in the sp the previous week fairly convincingly shows that some are 'in the know'. How is it that every time our BOD fire off an RNS (think back to Flanks, DFS and now this) there is absolutely no sign of anything like the rise in the sp one would expect afterwards? And yet, in one or two weeks prior to the RNS releases there is at least an upward turn. Someone always knows, somewhere.

Hey ho. It is the way it is. Tantamount to corruption imho but of course the great City of London wouldn't dream of addressing the issue and making it anything like a level playing field for pis. Like I say, disappointing.

My patience is wearing pretty thin these days but I'm in it 'til the end. That said, my expectations have just been adjusted lower once more. If a FSP concluded with a £1 per share announcement I'll be very pleasantly surprised. Back to 60 - 70p for me.

agggh * dessert* even! ffs someone feed me

Now that IS interesting Pacha. At the risk of setting off yet another round of fun for the rumour mill, that does seem a very specific item for the Agenda. That's not to say there aren't several existing members of NN's BoDs who already hold such positions with other Companies but.... would that normally warrant itemising on an agenda for discussion (approval ?) at senior Board level unless it was deemed to be of significant strategic consequence?

I confess to being rather frustrated at the length of time this is all taking to bring to a satisfactory conclusion so I'm definitely on the peckish side now when it comes to any morsels of information being offered up that might feasibly be an hors d'oeuvres to the main course we are all hoping for! I want to stuff my face now and get stuck into the desert... Apologies everyone, haven't had lunch yet and can't stop thinking about food!

Come along now DS, you were put in charge of - and given the task of - sorting out this M&A deal. Show us what you're made of.
GLA

Sorry JT - not clear whether you're saying 100% correct to that 800k being a buy or a sell....

Tks for the info you and Tilly post here on VWAP etc. All extremely useful and interesting and much appreciated by many others I'm sure.

GLA

Are we still expecting a TR-1 or two? That would surely help get the ball rolling even before any of these other good bits of news arrive.

..ball's very definitely in the BOD's court I suspect just now. There can be no sensible reason why a buyer would want to delay with PGM prices in the middle of a steady and sustained bull run and open mining season almost upon us. A year of delay in getting things up and running is a year further away from profit. I don't believe the BOD would deliberately delay proceedings either with the excuse of saying 'hang on a mo, I know we agreed a buy out figure of £x billion last week but look, the price of Rhodium has just increased by another 5%. Can we start all over again please?'. There is obviously a problem of some sort in getting this over the line and boy, can I empathise with those losing patience, but it's DS himself who will lose most by this not coming to fruition. Patience is key and although the lack of comms is appalling and I find unprofessional - even when there are NDAs in place a clever BOD such as this one can find ways to communicate something positive to its investing bodies, even if it's nothing specific - I think the Take Over Panel would have had a good look at this perhaps towards the end of Dec and decided that, whilst all seemed to be fine and progressing properly, an RNS was needed (ok we got the pathetic excuse of holidays causing the delay but we're now nearly 3 months after those holidays). At the end of another financial Quarter I suspect the TOP will be asking for another inspection. If there's no news for us by the end of March then I'll be joining the bed wetters. Until then I've got my big boy pants on..but they're gradually making their way half way down my backside so I'm starting to like an errant teenager! I just need the baseball cap on backwards and sucking on a lollipop and I'll be there.

GLA

No one has really come up with a sensible response to this question regarding the stupidly low sp given the vast amount of resources EUA supposedly has: namely, it is most certainly not in EUA's interests for thew sp to be so low as the buyer will have to seek approval from its share holders for a Take over. Put yourself in their shoes and see how you'd feel about agreeing to purchase a junior mining company at 100s % premium to said company's mcap (or sp). Without knowing for sure what EUA was offering - almost no detailed info has been submitted to the market regarding the Flanks and DFS for WK - I would be scratching my head to try and justify spending a huge sum. I know we're in NDA territory but it would have to be one heck of a sudden revelation concerning what's in the ground from the buyer to get share holder approval. Thus the ongoing low sp can only be advantageous to the buyer in negotiations and not EUA. Mind you, I'm happy to admit I'm no expert.

i am trying to read positive things into what people are posting here but this nagging doubt won't go away. The RNS suggesting Christmas/Russian holidays got in the way of sorting stuff out now looks terribly flimsy. One more worry is that, what with all of their recent troubles, might NN have been forced to reduce their offer or even withdraw it, leaving other bidders with less cash to fight it out amongst themselves?

My one hope - I'll try to finish this post on a more upbeat note - is that CITIC will have oodles of cash to help Sibanye or Lesego do the deed. Outright sale would be my preference but still fairly happy if we end up with sale of MT (special divi) but keep WK. Details of DFS could finally be released and, if positive, that would help keep the ongoing sp stay roughly where it is.

Apologies for my inexperienced ramblings. I'm sure many will happily choose to ignore.

GLA

When might the Take Over Panel want to take a closer look at proceedings here, in what is now LSE’s longest running FSP?

Please God, I pray not another suspension....

Many thanks gents. You too RR although I tend not to use the EUA website as i feel that is quite obviously biased towards buys imo.

When will this wait be over.....? We deserve a considerable reward for patience/stubborness in not selling. Like others I'm tempted to keep adding if we linger longer around this lowly levels.

Hey folks, a small favour please. I bought 4 lots of shares this morning at around 9.50am all ending in 99 eg 11,999 and 14,999 (can't remember what the other two were). I meant to see if they were marked as buys or sells but got side tracked with something else until now. I'm not a premium member so can't see back that far on the list of trades here. Anyone willing to have a look please? Not that it matters much, just curious. Thanks.

been in this for over 2 yrs now. Come to the conclusion this is a life style company. Am down over £35k and am struggling to get the rest of my investment (that word doesn't give anything like a true reflection on how I honestly feel about having put my money into EUZ - gamble? or perhaps even 'gifting' is more accurate) out of HL. I can only sell a few hundred quids worth every few days. On most days I can't get any price offer at all. There is nothing positive for share holders here whatsoever. Appalling comms, and what ever plans are talked about are years away and mostly wishful thinking. Disappointed doesn't come close.

Beware of putting funds in here. I suspect nothing is happening other than BOD's children getting a good education tks to pis paying their fees. LR: you're welcome.

yes d55. Does that suggest there's a big seller? I think it does unfortunately. I no longer subscribe to the view that the price is being brought down further and further for the benefit of iis jumping on board at 'mates rates'. The sums the iis are putting in is peanuts for them, and if this was a good bet they would happily continue accumulating even if the price was 30p, and the MMs would also be making money on the margins of a higher sp that add up to more than what we now see.

I think the decision now for pis is simply whether or not you're in until the FSP is concluded, regardless of the outcome. If you're on the fence then this is uncomfortable in the extreme. Don't believe it can't go lower because it clearly can. If sentiment isn't there it will continue to drop.

Personally I'm in 'til the bitter end now and will top up more if we head lower. It's been said many times the sp 'won't go below 38/28/22p because so and so bought in at that price'. Regrettably this has been proven wrong again and again. If you're in for the sale then it just doesn't matter if it goes to 10p! Someone earlier said the sp is irrelevant and someone else said the mcap is irrelevant to the FSP. I'm hoping they are right and that there is just an awful lot of noise here as a result of the panic induced by a 50% drop in the sp.

News of a sale will be sweet indeed.

GLA

Lamstree - £5b? really?? That would so amazing but I dare not allow myself to get that excited (the old ticker wouldn't cope so well if I did). I was never taken in by Rowka's crazy figures but I have certainly had moments when I've thought some guys on here might be on the right track with something like £1.50 per share. It really does look like the Company have done an astonishing job of keeping everything under wraps upto now, which means if that eagerly anticipated RNS does land with no warning I'll be downing my medication like there's no tomorrow, or else there may be....well, no tomorrow!