Member Info for Spikeyj

? what price do you think EUA will be able to place at, IKN / welcher?

15:12, …. “fundraise …”

mmm, fundraise, now there’s an idea!

… ? what kind of price do peeps think EUA could place at now?

[assuming for the moment, just for the sake of discussion, that they do manage to publish accounts and come out of suspension]

Offler, re your 14:36, in fairness to EUA, sometimes “shortly” means not for a very, very long time.

Hi offler, the phrase used in the 11th jan RNS was “…until early Q32024”, not ‘to end of Q3.”

we’re not at the end of Q3 yet, but it ain’t early Q3 anymore.

12:11 “… I’m not here to argue over facts of this company and situation.”

funny that, since that is meant to be the raison d’etre of share chat boards.

(albeit hopefully arguments in generally good humour, where people make some attempt to think about others’ opinions even if they don’t agree with them.)

… so if not here for that, then why?

BoD pay and perks important to consider in relation to ‘lifestyle’ companies like this, but also need to take into account how much money BoD members, company insiders & associates might be making through trading in existing shares during pump and dumps.

if all BoD & large holders are being scrupulously honest and transparent regarding all dealings and beneficial ownerships, then than can be tracked to a degree, but sadly that is not always the case in the big bad world of AIM, where some folks may buy or sell shares without declaring that as they should, or might use third parties to buy or sell shares for them.

hard to evidence with any AIM company, but nonetheless an important potential dynamic with many p&d lifestyle AIM companies.

Tiffintip, 10.39 …. you are either being a bit dim, or deliberately trying to misrepresent me (perhaps both, lol)

EUA’s only way to make money has been to print (issue) new shares in itself and *sell* those shares to mugs & flippers in a placing (fundraising).

it doesn’t have any other way to make money, since it loses money when it mines, & it doesn’t have any other products or services.

EUA won’t make money directly by buying or selling shares already issued, but if it is able to time the sale of new shares in a placing to coincide with the ‘pump’ phase of a pump & then it will make more money for the company, compared with placing while share price stagnant.

…that seems to be exactly what happened with the supposed ‘rosgeo JV’ placings.

i agree that they haven’t managed to sell new shares (i.e. do a placing) for a long while now … & that is precisely why they are running out of money.

? how much money do you believe they are now / very recently spending at WK? - what kind of amounts are you talking about?

“ … buying and selling of shares from the ones available has no material benefits for the company …”

yup. & that’s why pump and dump games can be good for insiders, flippers, and folks already awarded freebie shares, but they don’t make a company any better.

The company hasn’t been able to get a placing away for a long time now - that is precisely why the money is running out.

Tiffin, i already said; the money that the company has been spending has simply come from selling shares in EUA to mugs and flippers — that has been running out as they have been unable to get away any more placings, and they don’t have any other viable income stream.

(just as a bye the bye, how much money do you believe they are now spending at WK? — what kind of amounts?)

“… from where I have no idea …”

jmo, it’s not usually a good idea to invest in companies where one can’t see how it makes money.

Tiffin, the only meaningful product that EUA has ever had is printing its own shares to sell to mugs and flippers. that’s where the money has come from. … drying up …

Historically, i think they have operated a loss-making mine at WK because it helped to sustain an illusion that this is a valuable company with assets that others might want to buy.

and that story helped to pump the share price for mates & insiders to dump, and helped to get away placings for tens of millions … with all that money since vaporising into nowhere, never to return.

… now? — that game seems to have stopped working.

“… drawing down in salary any income generated.”

? what income? - what is EUA doing that generates any?

Https://www.thetimes.com/article/7f1c3df9-5e15-4fed-ba0a-1a866a095ffe?shareToken=2b71ee5f7bae67e7fc29950376895ebb

… sufficient working capital to meet ongoing obligations until early Q3 2024 …

hmmm … ? so where are we now? - oh yeah, mid-Q3 2024, with no accounts signed off …

“expected” — mm, whoopy-f***ing-doo!… sounds a bit like “shortly”.

Lol, offler, he’s drawing you back in again. … leave it offler, ‘ee ain’t wurf it!

Various rampers have tried to insinuate that EUA has deliberately engineered a suspension, in order to sign off (or “ink”) sale deal while shares suspended.

(… me, i don’t believe that at all, but …) purely for the sake of discussion, supposing it were true, what on earth would be the point? — why would anyone selling a company, or massive chunk of one, care one way or the other whether shares were suspended or not when they finalised such a deal?

Directors of public UK companies have a fiduciary duty towards their shareholders. if it were true ( - me, i don’t believe it anyway - that EUA had already previously received offers of 40p etc, then they would imv be in clear breach of their fiduciary duties not to at least consulted with holders about accepting such an offer.