Member Info for Tr1ck

He's already won.
This now comes down to how many Russian kids Putin is willing to sacrifice before he bolts..

Except the Red Army was stopped. In its tracks.

I really would like to understand how they are valuing this. Although I appreciate their challenge.
I remember introducing IFRS standards into Banking when the focus on Fair Value was emphasised. Many of the models in use for marking assets to model when they couldn't mark to market were highly suspect to say the least. The chief problem was the lack of transparency. I may have missed it, but I haven't seen an explanation of the calculations in use here.
GLA
Tr1ck

Bay of Pigs?
Is that in Faliraki??

Stay Strong. Remember the good times. Live the dream till the very end.

Good to see the BoD putting this RNS out.
Much appreciated guys.
GLA
DYOR
Tr1ck

AMC have popped out an RNS saying the current sanctions have no impact on them. I guess we'd need to know more about the banking EUA have in place to be sure but I haven't heard mention of any of the 5 banks in the years that I've been here.
GLA
DYOR
Tr1ck

They're our NOMAD.

I see Robin woke up
GLA
Tr1ck

Congrats mate.
Good news is always welcome news.
Tr1ck

Rubbish RR
Nobody cares about Russia except when they start trying to force everybody to do what they want.
We're all too busy trying to get on with our own lives.
As far as I'm concerned, the more we all own bits of each other's eco-systems the less likely we are to bomb each other.

So I'm Spotting this in-earth value at $25bn in reserves (roughly $10 per share),
and $160bn in resources (roughly $50 per share).
Lots of risks in mining, in Russia, in all infrastructure investment, so I'd happily take Rowka's £3.50. ;-)
That would be a third of the value of the reserves.
My gut feel (and given where we are and where the green economy investment supercycle is, I'm not sure what else to go on) is that 10% of reserves would be more likely with a max of 1% of resources. So that would be around the £1.50 - which was my stretch target from way back when.
DYOR
GLA
Tr1ck

Stay strong mate.
Tr1ck

Morning Tilly
Beginning to see a lot of familiar names on here from Eurasia now.
Hopefully 'shortly' will be a more appropriate description with AMUR.
On a double bubble here as it was profit I took earlier from the license peak here that I dropped into EUA for my initial stake.
I expected this to pop and for a 3 bag as EUA LTH's looked for similar places to put their winnings. Didn't actually expect a sale given the amount of investment needed.. But hey, it's AIM, what do I know.
GLA
DYOR
Tr1ck

Definitely.
And some of us went from here to there after the peak some years back, so we're on for a double bubble.
GLA
Tr1ck

LKH!
Not seen that name for years.
Not since he haunted the Sirius board.
GLA
Tr1ck

When I needed a bit of cash in 2019 I had to choose between EUA and JLP.
Both had been pretty static but were intended as long term extraction picks.
On a whim, I sold JLP and stuck with EUA - which worked out nicely. But I just saw today that JLP have also done rather well.
2 out of 2. Rather pleased with myself - mainly because it's normally 2 out of 2 not hitting the high notes. ;-)
GLA
Tr1ck

Wondered what the board's view was on this.
Given that it's a subsidiary being talked about, could the intention be to sell the asset-owning unit for a lump sum plus share of future value paid to rump-AMC -royalties or contingent payments.
That could explain selling a group subsidiary rather than AMC itself.
I know the days of producing are some way off but the Nickel value alone is humongous. Contingency payments or royalties would allow the buyer to focus their current cash on the development of the £bn or so infrastructure to get things going and pay a turn to AMC when they are actually extracting value from the ground.
GLA
Tr1ck

It's a lowball offer.
Only about 7p a share.
I'm hoping that we get a bidding war and it at least gets up to a £200m offer.
Difference between AMC and EUA is that Kun Manie needs infrastructure so the discount to value in ground will be much greater.
Tr1ck

There are many, Mr MollyMops, who have been here since pre-suspension. I think they're entitled to call themselves long term holders.
It may be more a mindset than just a name, but so what.
It can be easy sometimes to get emotionally attached to a share. That's just another risk to be managed. Here, if you look at EUA in terms of investment outcomes, anyone in since the 0.6p days has already seen the BoD deliver a multi-bagger on their stated strategy. Some will have taken that 40/50/80 bagger at the top, but with said strategy promising still further multi-bagging there are strong grounds for believing that the Bod will deliver.
I don't care if you trade. It's a market. It's for trading. What upsets many is the uninformed rubbish, the coordinated attempts at manipulation, and the downright lies that many derampers/shorters spout on this bulletin board.
GLA
As ever DYOR.
Tr1ck