Member Info for Spikeyj

EUA has never claimed that its sale is unaffected by sanctions.

…only that EUA’s *strategy* was unaffected by the sanctions.

but strategy & anticipated/likely outcome(s) are very different issues.

… continuing with the same strategy, despite putin’s war & the sanctions, does not necessarily mean that the company still genuinely believes [- nor that the market will ever deliver! -] that their unchanged strategy will have the same chances of success, to a similar valuation, to a similar timeline, then they aimed for previously.

it might be they still keep using *the same strategy*, but with that much less likely to succeed, might take a lot longer, and might end up with a much, much lower sale price [if ever].

[sporting analogy: if I plan to use a ‘chip and charge’ strategy against some ordinary opponent in a local club tennis tournament, but on the day, holy ****, it’s nadal that turns up to play again me, well, i might still choose to use that same chip and charge strategy, but my actual chances of a successful outcome will look pretty p*** poor at that point.]

me, i think EUA’s actual chosen strategy has always been to claim that it is about to deliver an exciting asset sale in order to keep the plates spinning and the pis ramped up, but then to raise more money and sell shares to keep paying out to the various noses in the trough.

! what a bunch of optimists we are!

MSYS shows one kind of scenario, speaking of companies who have not been able to organise things on time.

? some short closing before suspension?

£4.84 please.

Wolfie (citizen smith?), there’s plenty of time for clicks on the EUA board, nothing much happening anytime soon, as per del’s list.

…. and here is the Armchair Clairvoyant.

dimitryreacts, 6/6/23: “Sale news this week: I can smell it, can you? If you can’t, you don’t speak to the right people.”

dimitryreacts, 5/4/23: “As always said, in April we will have the offer. As always, DYOR, and you might find the golden nugget of information that some, might also have.”

“… thousands of miles from the frontline…”

so just a few hours leisurely drive for a wagner convoy, or some other faction’s private army come the [next] revolution. vodkas all round!

… share price charts often don’t say much about underlying value, while games are still in progress. (although in the very long term, financial truth will out).

the historical share price charts for companies such as quindell, enron, WRN, wandisco, sirius, patisserie valerie, worthington, DVRG, etc. often looked very good for years, but those charts were not good indicators of high underlying value.

It’s been a joke for years.

Barracuda written off completely.

zero production from aje since 2021.

no FPSO.

aje development still in never-never land.

return of stefan, eek!!

involvement of randy from NCT / MYN value destruction infamy.

“Back to sleep for another year.”

be careful dan, the accounts appear to flag pretty clearly that they will need to attempt another fund-raise somewhere in the next few months, in order to remain a going concern. given the pitiful volumes and flattened share price here, any placing will need to be very heavily discounted indeed to stand a chance of them getting one away. jmv.

A poster on advfn with ID copperwindow93, who used to post as PB78 on lse, and who had claimed to be a *large* holder of DVRG shares, said on advfn that he was going to the FCA.

he said he had retained many personal messages from 1:1 discussions with GB, and said he was going to share those with the FCA. copperwindow93 posted many of those supposed personal comms from GB over on advfn, which are still available to view on that site.

obviously, i cannot say whether those communications genuinely are from GB as copperwindow93 claimed, and i don’t know whether or not they evidence any wrong-doing as i’ve not followed the history here and don’t know the issues, but DVRG shareholders interested in going to the FCA might want to take a look at copper’s post history as food for thought.

I think he likes to make upbeat announcements, so my guess is he will say it’s all going marvellously, all according to plan, and there will be a further update in due course explaining how the details of the ‘agents’ will be given at some other time, and he will thank everyone for their patience.

Weird … why doesn’t lse admin allow that combination of 5 letters starting with a k on this board … is there some kind of injunction?

… testing, testing … *****…

(? or more simplistically, do these events make it more or less likely that EUA will succeed in selling its assets for a good price, or alternatively will be able to find attractively priced finance to become a full-on producer in its own right?)

… a fair few posts about ukraine / russia this morning, and beastie, tim and ontheb have helpfully indicated the current party line about the wagner mutiny.

but most of the posts seem to be about the wider geopolitics (and putin’s innovative approach to child safeguarding) rather than focused on implications for EUA and its shares.

? overall, should the events of the weekend, and the aftermath as currently understood, inspire more or less confidence going forward from here for investors in russia / EUA as a stable and safe jurisdiction, which upholds a clear and robust legal framework for business?

Amazing events in russia this weekend, with wagner’s mutiny.

seems considerably more relevant for EUA’s prospects than who is using what ID on lse. and yet, very little comment on it so far on this chatboard.

? does the mutiny, and putin’s response to it, make it more or less likely that investors would like to pay top dollar for the guesswork ‘assets’ that EUA has been trying to sell for several years with zero success? … does russia seem a safer or more risky jurisdiction to put money into?

… perhaps comrades timski, ohmski, beastski, or onthearbat can kick off the discussion, now that they’ve had some time to get briefed on the party line.

(… what i would say though, is that although i get that it might stick in the craw somewhat not to argue back to other posters who are being rude and abusive to you, unfortunately i think that getting into protracted personal arguments plays into the hands of the ramping crews here.

one of the main goals they have is to prevent posters reading and thinking about serious EUA related content, and genuine issues about reserves, mining plays, cashflow, RNS history, lawsuits etc etc.

so i think it suits them just fine for the chatboard to get swamped with personal insults and arguments back and forth, as it dilutes attention from company/share/market -focused discussion. jmo.)