Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Whatever the reason, the suspension was lifted, ergo the regulator must have been happy/made happy that there was no breach of rules or anything that would constitute any procredural/legal irregularity/issue. Therefore we resumed trading by stating there is no material news and....BAU
I'm so sick and tired of posters coming on here recently and other forums saying how they have been here for ages dispelling the "euphoria" and outrageous positivity with so called realism. How naiive and ignorant can some people be. No-one really predicted the war and that is the ONLY reason we are in single digits. There has not been any bad news from the company which would warrant the drop. Of course there has also been no positive news either, but when two large countries are at war, one of whom is where you do dealings, that is a force majeure period in my books and may mean news may take longer than usual to be made public.
To claim an SP sways with news outlets is quite simply moronic. It is swaying on real world events not some media moguls bias crap rag.
Irrespective, when this ludicrous, tyrannical war ends, make no mistake, EUA is going back above 26p at the very least....IMO.
GeneG - it has lost value because of war. That was not foreseeable.
I should not have to tell you that fundamentals have not changed. Metals in ground have not changed and BOD have expressed that a lower ruble helps extraction costs, they are selling commodities locally and they are looking to sell to BRICS company
All of which means sanctions, Russian export ban have no impact on EUA and may actually be positive for reducing costs.
Crikey, how many times....the licenses are held by Russian companies. Putin cannot seize them, they are already held by Russian subs. The only thing he may be able to do is prevent the flow through to EUA as a UK parent. But to be honest I am not sure how this would be possible. Maybe someone can help with that?
An excellent summary Ratboy.
Everyone should watch it. This has been bubbling under for so long and its not just Russian aggression, it is reactionary. Maybe slightly foolish but it is a direct consequence of the west and nato's encroachment. Putin's pushed back on that for years. hardly surprising and to be fair the west are trying to push democracy further into europe towards russia
There really is so little point posting on here because no-one listens to reasoned arguments. Just post utter repetitive dross with no evidence or reasoning
There will be no seizure of our assets -see my posts and MANY others earlier. It is a ridiculous, clueless statement
Deal may take a while longer. It may not. Everyone still needs our assets. That's something that will not change. Another thing that won't change is Putin being in charge in Russia war or not. So buyer weighs up risk. War doesn't really change anything
There are a lot of people stirring panic around the Russia link - I don't get that at all.
1. they had JUST stated in RNS they sell on domestic market (barring any offtake which may be signed)
2. the assets are already owned by russian subs, with a parent in Cyprus and ultimate owner EUA - they cant just take licenses away from a Russian company - that would cause massive ripples in the domestic markets
3. business goes on despite wars
Therefore IMO there can logically be no form of "taking the asset"
Absolutely. I would be very surprised if there wasn't a stipulation in the letter of intent (executed before the due diligence started) that the offer is subject to confirmation of JORC on the asset at minimum the same grades as Russian State cadastre inferred level - something like that.
Deary me, still TMS doesnt understand confidentiality and NDA's on potential complex and high value transactions. Any mid-top tier miner looking at the assets would have a standard NDA signed up prior to any review of EUA's assets.
And these sorts of transactions, which I believe has a number of moving parts take many, many months to complete
Totally agree with this. I think a deal was almost around last Christmas, but a new offer was submitted late-on and then the Rosgeo JV. Lots of variables changing the negotiations.
I wonder whether they have told buyers they want a deal wrapped up for Christmas. Here's hoping...
Bilbo - Actually I was someone else not a particularly prolific poster but a long time reader - but decided to unify my social media et al. But what's that got to do with you?
Doesn't change the fact that your post was nonsense and you can't answer it
Bilbo - its just a plainly stupid comparison you are making
EUA success is not random in any way. It is dependent on whether it can prove up and mine the amount of resources currently inferred or otherwise get bought out. What don't you understand?