Member Info for Spikeyj

“Within a couple of years I can see Taiwan being engulfed.”

seems inevitable within next few years - xi jinping wants that very, very personally. tragic.

Onwards and upwards. about time!!

20:34 “Trump is desperate for the Nobel Peace Prize”

hmm, we would be heading into a world beyond irony if trump could be awarded the peace price whilst actively seeking to encourage and support genocide of the Palestinians.

some folks are going to get badly spiked on EUA. ah well, all are adults, so take their own risks, but who will be left holding the baby?

… full scale pump underway here, with everyone trying hard not to remember that EUA couldn’t sell any of their assets **before** putin invaded ukraine.

trump’s craven betrayal of europe to putin doesn’t change the value of the so called ‘assets’ that EUA has, nor the mining economics there.

have fun thursday/friday kiddies, try to play nice.

Well, they could try saying something about the underlying business and how the sale of assets is going? ….that would make a real change for EUA, rather than being a company that does absolutely nothing meaningful and creates no value at all, but whose share price does indeed bob up and down, rinse and repeat, as pumpers buy and sell.

Folio, what sanctions do you believe would prevent an ii from buying a london listed share like EUA?

… sharebel, the human albatross of the AIM market …

GLG, yes, i would not be at all surprised if they produce accounts late yet again [tho’ wait with interest to see what excuse they might use for that next time].

but late accounts don’t in any way obviate the requirement for 12 month’s visible cash to meet obligations promptly.

Next annual results due 30/6/25, so about four & half months away .. not that far away.

… risky to leave it to the last minute to raise enough new cash for auditors to sign them off as a ‘going concern’ for the 12 months july ‘25-june ‘26.

…. so they will need to raise cash by march/april latest, imv, unless they want to risk potential funders leering & bending them very harshly over a barrel in may /early june.

(? is donald going to donate extra cash to EUA in march?? - ‘trust trump’, sounds almost as laughable as trust truss was.)

16:58, lol, yup.

13:51, welcher: “…being financed until Sep 25”

& when EUA’s auditors come to look at their books ahead of results this summer, in order to sign off those accounts on a ‘going concern’ basis, the auditors will need to see strong evidence that the company will have sufficient cash to meet its obligations as they fall due *over a 12 month period* from accounts sign-off, i.e. not just enough cash to last until september.

10:00, “trust Trump”,

that’s magnificent, thank you, it helps remind me why i like this chatboard so much.

Flutter, maybe, but maybe not.

take a look back at what happened to EUA share price after the pump and dump in june 2024, when the share price was spiked to 7.45p midday on 10/6.

there was no substantive news about EUA’s mining or assets driving that; it was yet another purely speculative bubble that popped again as the traders dumped.

this time round, the speculators have driven the price up on talk about trump’s betrayal of ukraine to putin leading to EUA’s assets being sold … but nothing has actually changed about the underlying nature of EUA’s assets, or the economics of trying to mine ‘em profitably.

EUA were trying to sell all this stuff long before putin invaded ukraine, and EUA couldn’t sell any assets even before the war.

“War doesn’t achieve anything.”

bizarre to imagine this is the lesson for world leaders from recent events. more likely, (a) old previous rules based international order, conventions on human rights, etc, can be ignored and violated without consequence, and (b) might is right, and powerful countries can just grab what they want.

trump is abandoning western europe to a long, grinding attritional war with putin. that will be very expensive for the west, but trump is also abandoning south east asia to china as america retreats into autarky.

china will have learnt from trump, gaza, ukraine, etc, that it will be able to take taiwan without fear of any solid US response.

14:17, it’s a zero sum game.

EUA doesn’t make, produce, innovate or service — it is not creating wealth /adding value to anything. its only real product are EUA share certificates.

for sure, some traders will manage to make money, but they are simply doing so by selling on to others who will lose money (unless they in turn can find a bigger sucker to offload onto, etc.)

Jarv55, i can see that the current pump is largely driven by speculation about some kind of ceasefire in ukraine, now that trump is in power, and also speculation about sanctions (tho’ people don’t seem to be discriminating between us vs EU /UK sanctions, which may have different drivers).

but as i have stated before, in terms of underlying *value*, (rather than share price, which is a different beast, lol) i don’t think cessation of ukraine war, or sanctions changes, will make any material difference at all to the underlying value at EUA.

i think EUA hold near worthless assets that nobody wants to buy for anything other than a nugatory sum, and that’s why EUA failed to sell any assets even before the putin’s war.

EUA can’t sell its assets, it loses money when it tries to mine (hence mothballed), and it’s short on cash, having to survive on short-term loan money that will need to be refinanced by the summer in order to remain a going concern. imv, nothing about war / ceasefire in ukraine changes that.

ajmoho

EUA shareprice spiked up to 7.45p back on 10th june 2024, when the telegram group were pumping it furiously with claims that a DFS for montechundra was being published.

? anyone remember what happened after that particular pump & price spike?

09:00 “Musk will take over EUA in time.”

LOL! - it’s the chatboard that keeps on giving.

“The world knows peace is now imminent!”

american retreat into autarky won’t mean peace for the rest of us. the UK is already at war with russia, and trump’s betrayal of the western alliance is pouring fuel on that fire.

EUA couldn’t sell any of its assets even *before* the war, despite years of trying.

& its only working mine is mothballed, because it is loss-making and costs them more to run that it can generate.

& EUA has no incoming revenue streams, currently reliant on a dwindling amount of cash raised from short-term loan to keep the lights on …. it will need to raise more cash fairly soon to remain a going concern.

—- the above worth bearing in mind, imo, as the pump here becomes ever more exhuberant. this is a mining company which doesn’t mine, hasn’t published DFS, and is running low on cash.

caveat emptor.

YanaAlikhan 14:22: “… we owe a lot of gratitude to Russia.”

i doubt the family and friends of dawn sturgess would agree.

Https://www.thetimes.com/article/0c6e895a-c849-4dbd-9f4c-b7e8121c7d2c?shareToken=226025b8eb3a315f0767d455faa5f544

&

https://www.thetimes.com/article/20fe5355-7c12-45d0-97a1-fc651fd92cde?shareToken=daa333abc1e28ddf553c3f0a2e4e9976