Member Info for Sharegar

Rhodium is not as easy to find the exact price, but this website gives a good idea.
Way more expensive than Gold, and it is a significant contributor to our revenues according to the Interim report.
https://www.moneymetals.com/rhodium-price
GLA

Bunion,
Thought the RNS of 24 August 2020 said that Harry transferred his shares to a fund. So a sell followed by a repurchase.
Still positive, looks like he is protecting shares from CGT/taxes and adding to the fund.
Looking forward to the funding announcement, hopefully this month.
Company has great assets in Ethiopia and sure to grow much further in Saudi. It can only be a matter of time before the SP goes North with momentum.
GLA Sharegar.

I have had this re-occurring dream in which I am running down this never ending corridor.
My Psychologist could not explain.
I eventually mentioned Eurasia, he was interested so I showed him the details.
Eureka he exclaimed!
I said, no its Eurasia.
He continued, With a Mega sale like that, the never ending corridor must be your big new house.

GLA.

Eastmain 6.5c March 2020. Recent takeover 42c (137% premium or 650% YTD)
https://www.miningstockdaily.com/episodes/auryn-to-acquire-eastmain-at-a-137-premium
DLA Piper like big deals and they like EUA!
https://www.dlapiper.com/en/australia/news/2020/10/dla-piper-advising-saracen-mineral-holdings-on-$16-billion-merger-with-northern-star/
GLA and sweet dreams.

Excellent find Mark,
That must be the merger between Northern Star and Saracen on the ASX and DLA Piper are involved.
Its as big as they get.

Another positive RNS.
Good to know that the resource is open and the grades at this stage are economically promising. We certainly do not need to dilute to fund further drilling as many experienced posters have already pointed out.
A very well run company, am happy to hold long term here.
Management have been making the correct decisions and the company keep making positive progress.
GLA Sharegar.

Mac4671 and Gilen01,
I think both of you have got it spot on with regards to the timing and recent involvement of DLA Piper.
I posted this before but think it is relevant.
Mondays RNS is confirming that the very optimistic RNS of the Interim report on 30 Sep 2020 is still valid.
Why did EUA have to RNS the recent significant price rise?
We are at the finishing line and are not going to make any silly mistakes that would undermine the confidential FSP. So a response in such circumstances is par for the course.
Remember this line from the Interim report: "As you are aware, our Company is now in an offer period and has appointed several professional advisers including UBS on investment banking side and recently DLA Piper on the legal side to work with the Company through the sale process. This strategic decision was the culmination of many years of hard work by our team in realising the value in our projects."
The key word is: "culmination"
Meaning: Culmination is the highest or climactic point of something, especially as attained after a long time.
"the deal marked the culmination of years of negotiation". (from a quick google search).
When I read that RNS first time around, I was under the impression that the deal is done and the legal formalities are now being carried out. Furthermore they talk in past tense in the reference to "realising the value of their projects."
Why else would they say in the same RNS with regards to the new role for DS. "The board and executive team have now been restructured to fully focus on the sale process."
Again the wording was deliberate and precise. "fully" implies that there is only one possible outcome and that is a sale.
How that sale is structured is yet to be found out, but they have also mentioned that they are working on multiple streams when they were discussing the same subject.
Also conspicuous by its absence is the omission of the standard disclaimer that EUA normally included. This stated that they retain the right to walk away without finalising a sale.
The wording of the Interim RNS was carefully crafted and I look forward to the mother of all RNS's. Its been a long wait, but I feel it in my bones, not long now.

All IMHO and as always DYOR.

Annie38,
That is my feeling as well.
Risk ratio has to be hugely in our favour, after all there have been multiple interested parties and the market conditions have greatly improved since then.
With our gigantic resource I'm sure our potential partner will do very well indeed.
Regards Sharegar.

Libero,
Just to help you understand.
Think of Tesla (That's the big American electric vehicle and clean energy company).
It is currently valued at over $400B but was still loss making as recently as 2019.
Now thank your Uncle Sharegar for explaining, and if you are tucked in, it is time for your night-time story about the adventures of Tillywhiz and his merry crew.

Excellent RNS today.
Great that we are funding Singida from our strong cash flows.
Targeted exploration will surely add to our mine life at the Singida project and plenty of life at New Luika (with plant expansion another wise move).
The Capex spend is being very well managed by Eric.
Kenya can be the Jewel in the crown, I do not think many people would deny this asset is world class. The timing of the acquisition was key, when Gold was approx $1300.
I wonder if the Kenya asset could be spun out sometime in the future, but only after we have further demonstrated how valuable this asset is? Just a thought.
However, I am guessing the preferred option when the time comes is by raising debt at minimal dilution to shareholders.
GLA Sharegar.

I seem to remember that it was a 30% discount on their target price.
So now that we have the Flanks, that figure would have to be be significantly higher.

I especially liked this no nonsense quote from our Harry in the Finance update RNS for the Gold project Tulu Kapi on July 1st 2020.
"We will not allow any distractions from achieving our target to close project financing in October this year and I look forward to updating shareholders in the current quarter."
That was a warning shot for ANS mining who let their 30 June 2020 deadline slip. Harry let it be known there were plenty of other interested parties wanting a bit of the cake.
I know what you're thinking. Will financing be 6th or 5th Oct? Well, to tell you the truth, in all this excitement, I've kinda lost track myself. But being as this is a .44 magnum, the most powerful handgun in the world, and would blow your head clean off, you've got to ask yourself one question: "Do I feel lucky?" Well, do ya, punk?
Well Harry....Make my day!

Thanks Whl2 for the link.
I think it is rather exciting how things are developing. The companies strategy for growth in capacity is excellent and also forward thinking, which gives me confidence.
Must say I am happy with the progress since I came aboard on the 10th Feb 2020 taking account of COVID.
My first knowledge of the company was from the crux interview posted on 1 Feb 2020.
https://www.youtube.com/watch?v=Rk75l35K-Wk&t=1380s
I recommend this for any new investors. I found it very informative and most importantly believed that we have a very good product that will benefit farmers who use it.
The product is also friendly to the environment and furthermore there are lasting benefits for the soil it is applied to compared to other common products that Farmers traditionally use.
There is a massive market on our doorstep and I would expect the Brazilian government will be very happy to reduce the amount of Imports to the country and therefore improve their carbon footprint.
Happy to hold here for the longer term and you never know how big this company may become!
GLA DYOR.
Sharegar.

Does anyone have a link for the new video?
Thanks in advance.
GLA Sharegar.

I would buy a book written by TillyWhiz for entertainment and to balance things up would add an educational book from Rowka that would rival War and Peace!
That's a compliment to both of our hugely valued crew members who have steered and steadied the good ship EUA through the choppy waters on our journey to treasure Island.
Maybe Septic Lil would have a great Kiss and tell story as well. But I hear she is a real Lady and no names would be revealed.
I was tired and started to drift away. There was an aroma, a sort of Haddock/Mackerel Perfume. Septic Lil seductively whispered in my ear 69 my first offer is 69.
I said p??
She said no! Do not be so disgusting.
I replied I guess you are right, its gonna take £'s for this Treasure chest we call EUA.

13p on first day after suspension then 18p the following day if I remember correctly.

On reading over the RNS regarding the change in duties of the Directors, I get the impression that thing are progressing very nicely and most notable is that the disclaimer that points out that EUA has the right to withdraw from the FSP has been removed.
Why would that be significant? Dmitry Suschov (Moses) made it quite clear (In the proactive interview, see link below) that this sort of disclaimer is always used by Directors of companies involved in potential sales so that they cover all bases.
https://www.youtube.com/watch?v=d_YMY6yiMDE&t=2s
(@27 min DS explains the importance of a disclaimer).

So I conclude and off course it is just my opinion that EUA are already happy with what offers are already on the table.
Once the fine details have been checked and all parties are completely happy we should expect the big RNS.
In the meantime we can also expect other information that could boost the SP before an offer is revealed.
Still looking for multiples of todays SP, and £1+ could be achievable after a bidding war.
If Rowka is correct about a Mega offer of £3+ then even better. I for one will not disagree with him and the in depth research that he has provided this board with. There is a mention of working on multiple streams with potential buyers, so maybe Rowka will have the last laugh at the doubters.
GLA DYOR.
Sharegar.

saxonaxe,
" You're Gonna Need A Bigger Pick Axe"

I do not think this has been posted yet.
https://www.youtube.com/watch?time_continue=3&v=RIwQgLkwG5A&feature=emb_logo
Chaarat Gold Holdings Limited (LON:CGH) CEO Artem Volynets talks to Proactive London about the latest set of interim results for the six months ended 30 June 2020.
GLA.
I think this company is still under the radar (10MOz Gold and more expected) 3 projects at different stages and positive EBITA at Kapan.
A lot to like at this Mcap. All our Kapan metals have been doing well in the months after this report is based on.
I think our CEO Artem has been doing an excellent job with PR for this hugely under rated company.
GLA DYOR
Sharegar.

Sensibles,
The links for the Shanta articles on Stockopedia.
https://www.stockopedia.com/articles/the-shanta-gold-share-price-is-the-market-missing-something-125208/
https://www.stockopedia.com/articles/price-alert-shanta-gold-outperforms-over-three-months-125088/
GLA.
Sharegar.