Member Info for TheMadStork

I think by "making some money" Ian means "making a stonking loss for the 25th year in a row".

They did manage to raise an unprecedented amount of cash via two obvious pump n places at the expense of clueless PIs though. Nice work if you can get it.

They were all paid a salary in cash in FY2020. Funny that they didn't want to keep receiving shares just as the price rocketed, even though shares would have apparently entitled them to a massive guaranteed dividend. Wonder why that could be? Truly a mystery.

Apologies for the caps there. It's just difficult to understand how so many people can believe completely mad ideas like "the Russian state will just gift instant mega value to a tiny perma-loss-making AIM listed co owned by British PIs".

So by this logic the JORC couldn't actually have been part of the 'due diligence' of the 'buyer'? Since said 'due diligence' was 'completed' 5 weeks ago? Let's also leave aside the minor fact that EUA DO NOT OWN THE LICENSE AND WILL HAVE TO PAY ROSGEO MARKET VALUE FOR IT.

Frankly I think it's ludicrous to suggest that it was a different investor the second time round, since it was arranged by the exact same brokers in the exact same way with the exact same 'anonymous US-based II' cover. But even if that's true, all you're doing is suggesting that there are now *two* investors who willingly took giant paper losses after huge ramps *and* who magically managed to hide their 'investments' under the usual PI nominee accounts on the register.

"You can certainly hide an individuals holding using a Trust / Underlying company structure as one method, I’m sure there are other methods too"

Of course. But the front company/trust would still show on the register. Unless the suggestion is that these sophisticated US-based IIs somehow put their investments through the one of the brokers coincidentally used by British PI gamblers.

OSF:

"You say they are spivs who forward sold.
We say that is nonsense because they would have turned over a loss, no way the price was high enough long enough and with enough volume to do that. Why would an investor spend $15m to turn over an immediate loss and hold as yet unexercised warrants at 26p in a company that is a fraud?
You go silent"

Nonsense.

Before the last placing there was approx 300m volume above 30p, more than enough to wash through the entire placing for a 15-20% guaranteed risk free profit, which is almost certainly what happened.

Your alternative scenario is that the mystery conveniently unnamed II decided to straight buy in at 26p after being at a huge paper loss on the first placing, only to find themselves immediately at another huge paper loss when the price tanked again after the extremely obvious placing ramp was done. You must also further suggest that this II has somehow hidden themselves from the share register, despite all the holdings on listed Bloomberg adding up to within a few million of the current shares in issue, with absolutely no mention of this II which must now, according to you, be holding close to 3% of the stock. Sorry, but that's just mad.

Mind you, it is no less mad than believing that the 'sale' is actually ever going to happen after 25 months of 'sale' process with no bids, no bidders, nothing paid out and *three placings done*. If one believes that then one will believe anything I suppose.

I would further add that no insider or actively managed fund has bought stock since the 'sale' megaramp kicked off. None of the 'big boys' are interested in a guaranteed mega 50p+ dividend, apparently. Funny, that.

Re the original post in this thread: You do know how nominee accounts work, right Tilly? The following
-Hargreaves Lansdown (Nominees)
-Interactive Investors Services
-HSDL NOMINEES LIMITED
-Barclays DI (Nominees)

are all nominee accounts holding on behalf of PIs who have gambled through their respective broker. The clue is in the names! A full look at the register reveals more nominee accounts under 3%.

"BOD & ii hold over 50% of stock"
This is complete nonsense. Insiders hold approx 20% (mostly DS and CS), Queeld hold 10% and the vast majority of the rest is PI nominee accounts except for about 1.8% held by passively managed index trackers.

The fact that you keep posting this *obvious* nonsense day after day tells me that either you have no clue what you're talking about, or you are deliberately being misleading.

Because EUA is a gigantic bubble sustained by the carrot of a supposed billion pound plus sale of a perma loss making gravel washing op plus a worthless inferred resource. It is the largest and most ridiculous bubble I have ever seen on AIM and eventually it will burst.

THS is also unloved and undervalued IMO.

I must confess that when I first put my short on I expected them to be forced to fess up within weeks or months on the outside. Instead, here we are 12 months later, FSP over, 2 obviously ramped and dumped placings done, 0p paid out, 0 bidders named, nothing achieved except washing some gravel at yet another stonking loss, and they *still* have been able to somehow keep the bubble inflated. It really is quite something.

Eventually there will have to be an update though, and while I am sure they will do their absolute best to cushion the blow, crushing disappointment is inevitable.

Also, How much longer can they possibly delay an update on the 'sale'? The 'due diligence' was 'completed' by the 'credible party' 5 weeks ago! I know the regulators have been laughably lax in allowing EUA to have an informal and formal 'sale' process lasting 25 months without ever naming a bidder or giving an indication on price, but surely it's time for somebody to step in and force them to **** or get off the pot?

It really is quite something to see how easily punters can accept a constantly shifting narrative and the can being kicked ever further down the road. Especially hilarious is the blithe acceptance of the fact that a company that is supposedly perpetually on the verge of being sold for billions has done three placings while not giving any guidance on sale price or bidders. It is an absurd farce, and and obvious one at that. And yet the bulls here keep on waiting for Godot while hurling abuse at any who question the narrative.

No idea how Spotify remains un permabanned to be honest, since 90% of what he posts is vile bullying, and the other 10% is ramping complete garbage.

Lovelyboy:

Right, but there's no suggestion Rosgeo charged Polyus below market value for the licenses, ie they did not effectively gift Polyus huge value. Why would they do so for a British PI owned tiddler? How can the transaction add instant value for EUA?

CAW1,

Yes, but that's not actually what Rosgeo are going to charge them for Nyud. Instead it will be a sum determined by the state based on the auction price of the license, which is entirely opaque but you can be sure will *not* involve the Russian gifting huge value to a tiny AIM permaloss making British PI-owned tiddler with 54 employees.

Not sure any of those copy/pastes actually answered the question:

How can the JORC add value when EUA own 0% of Nyud? Why would Rosgeo charge them below market value for their 75%?

Can anyone explain to me how this CPR and associated JORC resource at Nyud is actually going to add value? EUA own 0% of it, and when they do actually get round to paying for their 75%, surely Rosgeo is not going to charge them below market rate? Where's the value added?

I've been short almost a year now. Every single week without fail, the bulls here have predicted the mega sale and instant riches are just around the corner. Every RNS is greeted as "the final piece of the puzzle", and yet...

And yet there's been no sale and two placings, bringing the total up to 25 months of 'sale' process with zero bids, zero bidders, zero pence paid to shareholders and *THREE PLACINGS* when the company is supposedly always on the verge of being sold. There has been no hint of guidance of what is actually being sold, who is bidding or how much they are paying. Instead, the can has been repeatedly kicked down the road.

Punters here should consider themselves extremely fortunate that incredibly lax regulation has not yet forced EUA to actually give guidance on what is being sold and for how much. As soon as that clarity is provided, the bubble here will burst.

Not entirely sure how this fabled JORC CPR is going to actually add value as EUA own 0% of it. When they do pay for it, surely Rosgeo will not charge them below market rate, meaning the transaction cannot instantly add value. Of all the various mental ramps in the long and mad EUA story, this is the one that makes least logical sense.

Matthew 7:7-11
Ask, and it will be given to you; seek, and you will find; knock, and it will be opened to you. Also don't chuck all you cash in AIM junk mate; you'll do your nut