Member Info for stockdale

Jonny this is the EUA forum. What happened to SXX is pure speculation on your part. Take it to the SXX forum. Youve had your answer for EUA.

This is the EUA forum. You protest you hadn't mentioned EUA at all? Maybe thats where you went wrong.

A couple of billion pays for a lot of employees lambsy. And the expertise on the BoD will ensure they get the best employees. They sacked the contractors who were doing a poor job. Just thought I'd debunk that last silly point.

Mincho, you need to be careful how you phrase your points on here. News has been kept tight by the BoD here and there's been no apparent leaks before an RNS. We do get a lot of 'disbelief' and ironic nonsense from certain contributors who are unable to to believe simple arithmetic. Clearly the market doesn't entirely believe right now either. The current SP equates to an MCap of around £100 million. Very little considering the in excess of $30 billion in palladium alone at Moncetundra. The market is waiting and we all are. Although some are just amusing themselves with silly comments.

Meant to be Mincho of course. Autocorect.

Your 'genuine question Honcho appeared to be asking if anyone here had any insider information before the next RNS. Then you wonder why you get the response that appeared.

Little surprised the SP has remained largely static today with the rest of the market rising and impending news here. The placement shares may not appear until Monday but the market knows that and knows that spud news is impending at Charlie 1. You may think there would be buying in anticipation.

Tilly, you need a south westerly to go north. That's where you're going wrong.

To be fair it was a pretty good 'summary'. :-)

Even if you hadn't finished. :-)

You've pointed out Londontown that MT could well be valued at $30 billion. We could therefore easily get $2 billion or around £1.5 billion, considering time considerations for mining and the cost of mining. That equates to around 50p per share. I would suspect we could get around 20p per share as a special dividend (around £600 million). That would be very gratefully received by shareholders as it is free money on top of still keeping their shares and far greater than anyone would have paid for them. The remaining 30p (£900 million) would then be split between funding for upscaling WK and for possible future dividends when they can drip feed the market with dividends while retaining sufficient contingency for WK. That would also have the effect of maintaining the SP as investors would not wish to sell with dividends at some future dates. That would also enable the BoD to ensure financial security with the company and therefore their positions.

Some say that only $150 million is needed for WK but that is the minimum and doesn't allow for contingencies or fully upscaling development at WK or maintaining the SP with future dividend payouts. The actual breakdown could well be different as it depends on knowledge we don't have but the BoD will have.

That's just for MT Londontown. They have all that expertise on the BoD now just to sell up both? Unlikely. Unless they get an offer for both they can't refuse of course. With loads of money from MT they will have WK as a plaything they can rapidly upscale with all the best mining equipment. Great playground for that expertise on the BoD and with loads of money to spend from MT.

WK needs to be developed. It has many PGM metals, including rhodium. MT would provide funding to upscale WK to a level where it could be worth billions.

Reason why past accounts are meaningless for EUA:

You have two houses. You have a mortgage debt of £26,000 and can service that debt with other income. Roll forward many years to the present day when those houses are now in a very sought after area and are worth £millions. You are now looking to sell at least one house with at least one being highly sought after for £millions. Now change that to two mines with highly sought after Palladium in abundance and multiply the numbers by a thousand.

That's why the past accounts for EUA are not important.

Correct Herbie. The problem for some is that the actual position of the company and its resource is just so unbelievable. However it's true and it's there.

Just trying to be helpful Lefkosia. There was a chance it hadn't been considered. Do your best and we'll happily accept your contribution.

Looks like a keyboard issue rather than a medical one. You can change the keyboard's latency and other factors in your computer's settings if you can not release the keys fast enough. Better to get that sorted so you can use a keyboard rather than continue to post gibberish.

Some companies just don't have the expertise for particular locations, circumstances or it may not have fitted their company model. So many reasons why they backed out. You do a lot of guessing lambsy. We know what we have at MT and WK and the Board have the correct expertise and are in a country they know. EUA is the correct company for the product and the location.

SP stuck at 1.28p to 1.30p all day. Still well above the 1.10p placement price but below the 1.40p at the start of the week.

Is it done yet? I read it as an intention to raise. It's not happened yet.