Member Info for Spikeyj

The other issue, is how successful they are as an exploration company? …. all very well rehashing existing data sets and doing the ‘admin’ to get a DFS, but what does the DFS show that they have actually discovered /found in doing so? - they have been suppressing the DFS contents.

if the DFS was good, i think they would have been shouting it to the rooftops. (either directly themselves, or co-incidentally but very fortuitously via all sorts of leaky ‘friends’.)

… but they haven’t actually done much drilling, have they?

You appear to misunderstand … what have EUA themselves actually *discovered* in *their* explorations?

I was interested in the claim on this board the other day that EUA are an exploration company. (always seemed to me more like they are one of those AIM companies that just keeps shuffling licences around.)

? what have they actually managed to find?

Kammy, “I repeat”

yes, indeed you do.

TF, how on earth could the london financial authorities permit a fund raise intended to funnel money towards the development of metals production in russian territory??

— we are at war with russia, albeit undeclared, it would be crazy.

Leno, the point about mining costing more cash than it generates is simply that EUA cannot resolve its current funding crisis by mining, since it costs it more to mine than it generates.

even if (very very unlikely in my view), mining the area could one day be profitable, that still wouldn’t help them with cash flow *now*.

as for the rest, well, yes i do indeed think this is (at best) a lifestyle company, whether or not you don’t want that said. man up.

16:01, if the BoD have only been receiving “straight up rejected joke offers” over the last few years of trying to flog the so-called assets, that should hardly be something to reassure shareholders.

15:45, in relation to cash-burn and going concern issues, i think leno is trying to persuade himself that at some point in the future, this company might find that mining becomes profitable. —-> he seems to be failing to grasp that even if that were true, it still wouldn’t help EUA with the current/near-future cash flow issues — i.e. possibility of cash generation some distant day doesn’t pay the bills right now, next week, next month, over the coming financial year.

15:17 … and indeed, nobody has put in a meaningful bid for the EUA assets, after all these years. that speaks volumes imv about the likely underlying value here.

? out of interest, leno, why do you ask not to be told that this is a ‘Lifestyle’ company? - are you a particularly sensitive soul, who needs trigger warnings etc when you go to the cinema?

advisers etc who were involved in the FSP were presumably paid for the work that they did. agreeing to provide professional services for an FSP does not necessarily mean that the professional in question believes that there will be a highly lucrative high value sale - they are simply hired guns.

Montmuzard, EUA loses money when they mine. so if they have attempted to resume production, just means they will run out of cash sooner than if they try to remain in suspended animation to conserve what little they have left.

TF, my guess, the auditors already reached a conclusion about value of the concentrate stockpile several weeks ago, but EUA BoD is worried that the assigned value is very low and may be calling into question the ‘going concern’ status of EUA.

(e.g. concentrate not actually very concentrated, &/or not actually as much concentrate as they said there was, &/or auditors don’t believe that it can be sold for anything like the value previously claimed, &/or are concerned that any sales cash can’t be remitted back into main london listed company accounts b/c sanctions &/or siphoning off sales cash into murky subsidiaries, never to see the light of day again.)

… with the last month and a half then being a desperate series of calls and supplementary data submissions from the company to the auditors, begging them to reconsider and revise the figure upwards before the accounts get signed off and published. but purely my speculation, though!

[lol, that’s usually the cue for an embittered ex-employee to come on and have a grumble…]

What i do know is that AZN is currently seen as an attractive, high-status employer amongst the relevant professional communities.

{* fund holding bank]

I think the problem he faced with the idea of naming the supposed agents and fund holding back was that it would be relatively straightforward, and not that costly, for legals acting for tim & co to subpoena them forcing a disclosure whether they genuinely had ever been engaged or not for such specific purposes.

…. more complicated matter trying to check evidence about supposed deals with unspecified partners, as entirely reliant on forcing an answer out of amit himself, but different matter if he named a specific third party supposedly involved.

if any legals did start up, one obvious early step would be to seek disclosure from that chicago branch whether it was ever true that they were holding $50 million for cloudtag - if they deny that, then imv it would be clear evidence of at least one piece of dishonesty which could then be helpful in seeking further orders from a court for investigations/asset-freezing.

Perhap kev, phoenix, hubba & whispering did indeed get very personalised ‘notifications’, but with lots of hush-hush, for-your-eyes-only conditions, eyes on the prize, nearly there, etc etc?

Leno, it just means that i have a consistent view about the underlying value at EUA, which i think is very poor.

50/50, in your dreams.

09:46, that’s like saying there’s a 50/50 chance of it going either way if i ask winona ryder to marry me … binary outcome, sure, but 50/50? - LOL.

GLG, i’m not convinced that they will be allowed to raise, because of sanctions in place against investing in russia - trying to place shares in london, in order to transfer that cash into russia in order to fund the possible development of metal mining resources within russian territory may be a bit of a no-no from UK perspective.

… meanwhile, more than 5 weeks delay now for auditors to satisfy themselves about the existence and value of the concentrate stock … can’t be that hard, shurely? — it’s either there or it’s not, nyet?