Member Info for Spikeyj

“incel think tank”

sounds rather oxymoronic.

(… unless the main point of the FSP wasn’t really to sell anything, but to pump the share price up by getting pis over-excited?)

Wilco 16:00 “… to get BOTH to mining (saleable) stage.”

but presumably, EUA thought that MT was *already* at a ‘saleable’ stage when they held that Formal Sale Process (FSP) several years ago… you know, the one where nobody wanted to buy anything that EUA had to sell, even well *before* putin’s war, sanctions, dodgy ‘exit’ taxes, etc.

… no point holding a formal sale for something unless it is already saleable, Wilco?

…woo..

Perhaps also, seasick, it’s about possible timeframes?

the company itself seems to be cautioning that it could be a long while before they have a chance to try to execute any further disposals… they warned that they thought they needed to sell WK, even at very punitive taxation rates, because the geopolitics was not looking good and they felt risk of confiscation etc by the russian state was a real issue.

if EUA thought that there was significant likelihood of sanctions, taxation, confiscation risk etc all being resolved soon, they would not have disposed by wk like that.

that means that even pis who are optimistic about underlying asset value at MT have to sit back for many months at least, or into 2027, in a company that has no sources of income whatsoever and still has to pay AIM fees and for AIX listing.

most pis who gamble on loss-making AIM resource companies like the prospect of newsflow to give them chances to trade out on speculative spikes… ? how many pis want to sit locked into loss-making, nil income EUA until 2027 in the hope that all will come good then? … offler’s previous post pretty relevant imv.

It was all a dream

https://m.youtube.com/watch?v=nCEjeTb1rrs

Spot on, jatw.

13:08, EUA did *not* disclose the sale price in its RNS, which is another whopping great big flag.

they waffled on about a “valuation” figure, but a valuation figure doesn’t tell you what someone actually paid. (? or even, whether or not they got the sandpile thrown in as a job lot … but it seems the buyer gets whatever is left in the pot from the tens of millions ‘loaned’ into KK … nice work if you can get it, eh?)

what we do know is what EUA will receive, in roubles, if all goes well for its disposal, which is less than $10m…

.. i.e. much less than the amount of shareholders’ money which the EUA board have been shovelling into WK/KK for years.

… as for MT, in the ground valuations don’t tell you much about the costs to get stuff *above ground, processed and saleable*, let alone the political / fiscal risks etc. … as ever with EUA, they don’t want people to think about costs and risks.

… hence why hedgies, uhnwis, sovereign wealth funds etc etc have *not* fallen over themselves to buy shares in london listed EUA based on the kinds of read-across that folks like cheesy believe can be inferred from the (sketchy) details released regarding the wk disposal.

(“No one can fault DS’s commitment & belief in EUA’s assets!” — ? out of interest, any guesses why he removed EUA from his LinkedIn profile?)

Cheesy, where do you get the idea that dmitry owns “around 25% of the shares”? …. even if one chose to believe the figures listed on EUA’s own website, that only lists 15.78% for dmitry.

if dmitry didn’t want more shares in this supposed dead cert multibagger worth billions (well, according to you), then why not a little loan from him to the company on juicy secured terms? … are you seriously claiming someone as rich as dmitry couldn’t afford that on this stupendous investment prospect to keep it ticking over another year until the “incalculable” billions roll in?

…. bluster from you, cheesy…

$20m placing? - wow, do you think wk was losing more than $10 million a year!? … odd that the rampers used to say what a jewel it was.

cheesy, you post as though you are ultra confident that EUA assets will end up selling for billions … seems pretty likely that dmitry (a) knows way more about the assets than you do, and (b) knows way more about russian politics than you do … ? so why wouldn’t dmitry himself cough up a mere 9 or 10 million of his own as placing money to get an extra cheap share of this supposedly dead cert bonanza?

“The WKT sale money won’t be leaving Russia…”

indeed —> which means the so-called ‘exit tax’ still doesn’t actually let british pis exit.

Funds from last placing were meant to support AIX listing, weren’t they? … how much did that cost?

If dmitry really does hold shares in this company, and if this company really is worth even a fraction of what cheesy claims to believe, then it should have been an absolute no brainer for dmitry himself to chip in $9m to keep hold of all those marvellous (lol) ‘assets’.

…. $9m should just be mere chump change for dmitry, and zilch in comparison with the billions cheesy think are coming EUA’s way (one day, somewhere over the rainbow…)

If they didn’t want to run out of cash then they should just have walked away from wk years ago, instead of sinking and ‘loaning’ tens of millions of dollars into a consistently loss making mine which they then have to sell for $9m …. seriously inept management strategy.

… big assumption that EUA haven’t handed over the concentrate pile as part of the deal … no idea what the answer is, but they really should clarify that one way or the other.

the idea that putin will be significantly kinder to the british assets at mt vs the british assets at wk is weird… if putin decides to strike back at britain by seizing british assets he’s not gonna care which part of russia they are in, imo.

Evening mr_w. i can’t be bothered to trawl back thro’ his post history to find it, but i also recall that kammy is one of the very posters on lse to have posted outright holocaust denial stuff … there’s a fair few post sly anti-semitic material from time to time, but kammy as a holocaust denier raises the unpleasantness bar a few notches.

16:16, mr_w, I suggest meeting at a local ukrainian family support centre.

that would give kammy a chance to explain his views about the benefits of using nuclear weapons against ukrainians to an interested and informed group, perhaps with some enthusiastic and active audience participation in the subsequent discussion.

16:35, yes i remember that from kammy … i think i then asked him how he would feel if someone made that kind of suggestion about dropping tactical nukes on gaza to ‘resolve’ that long drawn out conflict, but kammy didn’t reply.