RE: Boom time!26 Feb 2025 09:20
07:50: “Then back to business as usual.”
oh dear, that bad eh?
.. given that ‘usual business at EUA” means (with my thanks to jaknife, 77845)…
…. the underlying business has made a loss every single year since it listed on AIM, other than an FX revaluation in 2026.
… the company continually burns through cash .. they raised $45 million in placings during covid, and all of that money has just gone to money heaven, never to return, vanished, zippo.
… suschov gone (no mention in the accounts?), and their supposed M&A specialist churakov sold all his shares at 29p and is also long gone.
… the underlying assets are effectively worthless, from long mined out areas … NKT CPR attempts to claim values for *waste* grades of mineralisation.
… ACF report of feb 2020 was wildly, laughably, implausibly wrong … & yet that was used to ramp and encourage many pis to buy in. (incompetence, or something else?)
… EUA was supposedly trying to sell assets long *before* the war started, but never managed to sell any at all.