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Now come back with the Russian war activity, botnik.
No sides are clean in this, but being blinkered only to the contrarian tin hat view that all Western media is brainwashing and all Russian propaganda is factually and morally perfect just to try and appear edgy and cool on the internet does not make you the intellectual giant you think it does.
Yes - the keyword there is "possibly". We just don't know whether EUA have held off the final signature or not. There might be political/commercial reasons why they may hold off, or it may be sat on a lawyer's desk, or they may have already signed it. Who knows? But the fact they have not RNS'ed this 75% acquisition yet (which absolutely would have to be RNS'ed) implies to me that they've not yet signed it.
You're clearly a well-read and valuable contributor of research on this board, so I'm actually more sure of your opinion on this than I am my own.
"Licence in the hand means EUA has legal tenure?"
Not quite. The license is in Monchegorskyo (sp?) hand, and they are still 100% owned by Rosgeo, as far as we have been told. When EUA claim their 75% shares in Monche, then the license becomes EUA's.
I appreciate this a pedantic point, but given the BoD's clearly intentional reluctance to RNS anything positive, I suspect they are using this point that they don't own it to mean they don't have to RNS it.
Several members of the telegram group regularly scan and translate the Russian government websites that show registrations and transfers of mining licenses. One of those Russian websites was spotted this morning by one telegram group member as showing the Nyud license had transferred to Monchegyorkye (sp?). That is the news that broke.
There is no way that one person would have been able to sit on it until the time was right, without one of the others spotting it anyway. It was a bona fide discovery of undiscovered public domain information within an obscure, Russian website.
Was it "old news" to you? No, of course it wasn't. It actually doesn't matter when it happened, it is the first the market is hearing of it, so it is definitely new news, of something that happened behind the scenes some time ago.
It doesn't matter when it happened anyway, nor why the BoD did not disclose it. The fact remains it has happened. No pumping, no conjecture, no lying, just a straightforward rock hard fact that real value-adding progress is being made.
But you know all of this, and the more you try to paint it black, the more stupid, desparate and agenda-driven you appear.
This is not just a "modest revelation ", and it does not need to be RNS'ed to be more substantial than "wild speculation". And what does "unsupported by the bod" even mean? You think they were at best amibvalent and at worst hostile to acquiring this license?
Mrtwisted: You're the one in dreamland if you think they can just do a raise which dilutes the share price without shareholders' express permission via an AGM or EGM. This totally breaks the law of AIM. Even if they had parties interested in funding the raise, the shares they purchased from the company would be suspended so those same funders' shares would be worthless.
This is basic stuff you should know. Stop hysterically making such bold yet false claims.
They never said the sanctions do not affect them - they said they do not stop their plans.
Which means the sanctions may slow the plans down, due to them affecting other parties, such as potential buyers, Russian state departments, the metals market (and so valuation), etc.
You're also wrong about Russia being uninvestable; maybe for unfriendly nations, but not for BRICS, which is exactly where the Dec RNS has said the buying interest is coming from.
Which all tells me you've been oversimplifying the situation for 10 months, and so misunderstanding the bigger picture.
My daughter is at Uni in a small town in Germany. The biggest crime there is bike theft. One of her mates brought over a sweet mountain bike worth a bit, then realised this fact. So he made it look really crap - change the handlebars to drops (which looks just weird), put on a crappy ripped saddle, taped up the frame in black gaffer tape, etc. On close inspection it is clearly a classy set of wheels, but the casual opportunist will more likely pass it over in a bike park for a better looking model.
So here's my theory. EUA are stockpiling rather than selling , they're keeping every positive bit of progress a secret, and they're stalling on releasing what they have to for as long as they can. They're trying to keep the SP as low as they can, because that keeps the market cap as low as possible, which makes EUA appear worth very little. So those in power but not in the know are less tempted to sanction or steal the assets (as has demonstrably happened to other Russian companies - this is a kleptocracy after all). Even those companies based in Russia that haven't been seized have had their value destroyed by sanctions and or fire sales (everyone from Renault to Kinross).
The day will come when the sale happens and it will happen quickly and much more closey to true value. It may get under the radar of this war, it more likely will be after it. But it will happen, and Putin will rue missing out on it.
All IMHO, of course.