Member Info for Spikeyj

19:55, polite, honest, on-topic, thank you & atb.

(I suppose, the most obvious answer is that carlito has already bought up all the shares in issue, although strangely carlito doesn’t seem to have TR1’d his holding or made a formal takeover bid for the whole company.)

…. the other odd aspect imv, re “financial people and strategic investors have put up many millions” ——> why is it that only one director of this company (CS) shows as having any declarable shareholding (c 3.3%), with no director purchases at all for many years here, apart from CS exercising some deeply in the money options he’d previously been given as a BoD freebie?

? if it is so obvious to ‘financial people’ what fantastic value there is here, why haven’t the BoD members been using their own money to buy up significant amounts of EUA shares?

Hi okfornow, thanks for the polite and ontopic post.

could you explain please, why do you think a ‘peace settlement’ in ukraine would unlock investment in EUA’s assets in the kola peninsula? …. putting it another way, if “financial people and strategic investors” were that interested in EUA’s assets, why didn’t they already buy those assets during the formal sale process, back when metal supercycle looked much better and there were no sanctions in place and no invasion underway?

whatever the unknown DFS actually states, whether that’s X or Y, why would a ceasefire in ukraine significantly change the mining economics of a DFS up in the kola?

& in terms of ‘green lighting’, hasn’t EUA already been claiming its projects are ready to go / green lit?

So although EUA rampers are trying very hard to talk up the idea of a share price spike if there is a ceasefire in ukraine, that does not seem to be linked to anything fundamental changing about what EUA is worth & whether a sale is likely.

and this, of course, is a company that has already spent years trying to sell its assets, including a long period in a formal sale process well before putin’s war, but has failed to sell any of its assets at all, even at a better point in the metals pricing supercycle.

… so the bet for the rampers here, is can they persuade others pis to buy EUA shares on pure sentiment, to create a spike which gecko et al can dump into, leaving those newer retail pis holding shares in a company that still hasn’t sold any assets, with no change to underlying value coming from ceasefire?

the ramp might work, of course, since this is AIM and plenty of story stocks have pump and dumps where quick-fingered rampers flip out. … but without genuine asset sales taking place, or profitable mining + product sales, it’s still just a zero sum where the newbies lose in order to allow the rampers to profit.

there’s an old and important saying in stock markets, ‘buy on rumour, sell on news’…. in relation to possible ceasefire in ukraine, is this the rumour phase or the news phase?

Underlying value in a metals mining company broadly relates to:

1) what metals does the company own rights to?

2) what are the costs of extracting and processing those metals?

3) how much will the global market pay for those metals?

…. ceasefire in ukraine very unlikely, imv, to make any meaningful differences to those three terms of a value equation….

Okfornow, nobody except crypto has been able to offer any rational at all why a ceasefire in ukraine would lead to any increase in value for EUA shares. crypto’s attempt, paraphrasing slightly [please correct me crypto if you want to reword more clearly? - not wanting to inadvertently misrepresent you] was that he hopes that a ceasefire in ukraine might make it easier/cheaper for EUA to attract financing for its mining operations… on-topic, but a tad vague.

nobody else could explain why ceasefire would increase value. (pat was polite and on-topic in his reply, but was clear that he simply hopes that ceasefire might create a sentiment driven short-term price spike, nothing to do with value.)

17:50, yup.

& there’s the pattern again …EUA rampers want to spin the idea that a ceasefire in ukraine would make EUA shares soar, but are unable to offer any meaningful rationale why that would make any difference to the value of EUA’s assets.

… so be careful not to be the ones left holding the baby here, when gecko & his ilk try to stampede out on any war related spike…

laters all, beach beckons.

Nope, tbob. i meant that you are lying when you post that i told the chatboard EUA would not get a new nomad. (for sure, i said that i thought it was a significant *possibility* that they might not, but that’s different from your lie. bad bob!)

Why no appetite to mine if the assets are so superb? - CS could simply activate the deal & step down as an exec to sell his soaring shares to live a life of luxury.

09:23, tbob, you are lying again. naughty fellah.

09:23 …so if true, the war hadn’t hindered that financing option anyway … curious they’ve never actually wanted to use it to monetise their supposedly vastly valuable assets, eh?

B1ll, if you look closely at the satellite pictures of the allotment sites on the kola peninsula, they all show ever more extensive mulching with increasingly thick layers of bark chipping. win-win, EUA doing its bit for the local community.

No issue for me what you believe gecko, that’s entirely your biz.

meantime, feel free to post something on-topic re EUA value if you ever feel like it, one day.

…. splitting the difference with you, crypto, i think what you are suggesting in value terms is probably something like, you believe EUA’s likely financing costs would be significantly lower after a ceasefire. atb.

Hi gecko, i wasn’t an investment banker, i was a market maker working within an investment bank. (the investment bankers wore very, very slick suits, we were rather more ‘relaxed’/uncouth.)

Crypto, this is still a fully listed, unsuspended, freely traded share on the london market. i think many biggies don’t like it simply ‘cos they think it’s an over-priced well dodge share with PoS assets in a shockingly bad jurisdiction, rather than because of sanctions. (IG & others very sensible want to manage their exposure to overstretched retail punters.)

[[08:58, & in terms of mining finance, don’t the enthusiasts here like to believe that the sinosteel funding is still there on tap, waiting to be activated as & when?]

Gecko, i already did my stint working for an investment bank long, long ago. keep up!