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'Fcuk all changed here'
Yes, I agree.
Still NOT producing SC6
Still 'optimising' a plant that was built nearly a year ago
Still diluting shareholders to pay for FAILURE
Still priced at a fraction of a penny with enough shares in issue for every human and dog on the planet
Still presided over by a geriatric incompetent, like America
Still putting out flurries of blatant implicit videos that 'suggest' all is well, JUST before an RNS is released to confirm it ISN'T
Still bringing new information to the party that we were not informed about previously (25th November deadline, not the 30th which was in the revised agreement
Still................not producing SC6, did I say that already? Because it's quite important you know.
Sleep
'Teething problems' are what this new, new Mill was supposed to address. The Stark CEO coming on a video telling us well over a month ago that the plant was working 'as expected' is yet another LIE. It's also the reason I was deeply concerned that GR (who usually tweets about anything and everything) was silent and didn't bother to put out an RNS WHEN the deadline of November 1st came and went.
Now we have been told they are still 'optimising' more than 6 weeks after it was supposed to be working. Stark couldn't build a sand castle without having a period of 'optimisation' when it turns out they left the bucket in the van.
Incompetents.
Open Message to WorldWidePLEB, NellyB, and Snowking the disgusting SNAKE.
Fcuk right off you bunch of deluded (and deceitful in Snowkings case) muppets. As I've stated CLEARLY and been shot down by the cohorts of idiots who can't READ. The plant isn't producing SC6, it was obvious seeing as though posters were popping up out of the woodwork (WWP the bell end) talking up sub-standard grades that Canmax DON'T want.
The CONTRACT is for 6.0% Spodumene Concentrate, not 5, not 5.5, but SIX.
Now we have been diluted AGAIN to pay the people who have FAILED to build what they were paid to build, but no, it's NET ZERO according to that t i t Pleb. The only NET ZERO is between your ears.
'US$2.5 million through the issue of 465,625,750 new ordinary shares at an issue price of 0.44 pence per new ordinary share.'
Looking forward to the 25th November (which I saw nowhere in the revised agreement but it's suddenly here instead of the 30th), when GR tells us they just can't quite get SC6 but don't worry, some company in Mongolia will take the SC4-5 that we have, as long as we cover the postage and packaging and accept 6 year payment terms.
Stark shoots, GR scores.......ANOTHER own goal.
Hang your heads cheerleaders, your 'deliberate' pump videos didn't let you out with profit this time, it's almost as though the majority of investors think more like me and have ZERO trust in GR and Stark.
Johnboi
Because your posting shows nothing but complete adoration for the people who've put your shares in the poor house. As shown below:
'Ive never heard so much rubbish spouted in my life the truth is nobody knows whats going on because we get told nothing we have to trust what the board says'
The rest are nothing but blatant pumps to suggest buying is happening when it clearly isn't.
I retract my fcuk off, but I have nothing further to say to you.
DONE. Only had 20k shares left 'just in case' but today's clusterfcuk has now put an end to this miserable experience.
All the best to all the best and to the rest of you who refused to accept anything other than BoD good, anyone who disagrees bad (you know who you are, you're the ones without mirrors in your houses frantically devising a way to explain this to your wives/boyfriends), you made your bed (of nails) lie in it.
Take care chaps, it's only numbers on a screen.
God Speed.
Keith won't answer the phone, rings out and goes to voicemail. None of the 3 lads listed as the NOMAD/Brokers on the EUA account are 'available', would I like to leave a message?
Cowardly foxhole hiding all round.
Bfd
Multiple NDAs with supposed buyers who are in negotiations to buy EUA's assets. Shareholders in the dark = material information.
JORCs for a number of areas we have licenses for, including grades, amounts and NPVs of said assets with the BoD. Shareholders in the dark = material information.
DFS for MT including economic viability, costings, grades of PGMs and REEs, NPV and assessed AISC to extract said PGMs with the BoD. Shareholders in the dark = material information.
Details (numbers) of the Offer for substantially ALL of the company's assets from a 'buyer' who completed due diligence in October 2021, that would allow for the payment of a 'significant dividend' to shareholders known to the BoD who say said 'buyer' is still at the table (they aren't). Shareholders in the dark = material information.
Full details of the progress of the legal action(s) taken out against the company by major shareholders with the BoD. Shareholders in the dark = material information.
The list above is not exhaustive, however when you state in AGM meetings that you CAN'T disclose details of the 'buyers' or the details of the ONGOING negotiations to sell the company, that is the definition of being in a closed period. Hence the reason the options EXPIRED twice because the BoD and staff were not able to exercise them.
Today, that has changed, so has the volume of SELLS, and so has the direction of the shareprice, hence the 1p range being back in play.
Let's see what the next RNS says, hopefully it isn't another suspension for Christmas.
All the best
Not so quick with a protective RNS as they were with the 'we have no new information' speeding ticket RNS are they? Almost as if the company doesn't give a fcuk seeing as though they are have all been made millionaaires via wages from dilutions.
On the plus side, GGP has doubled in less than a month..........I have no shares there any longer because I sold them to buy another company that has so far been a Dog...........I'm great at this investing (gambling) lark.
As soon as you see Layla (despicable creature), Leno, Mac and the other cretins posting over there, SELL!!!
The options CAN'T be taken up while in a closed period, that's why they EXPIRED twice and had to be renewed. My question (which should be obvious) is why has ONE individual been permitted/decided to exercise options by handing over cash and being issued with 6 million shares when EVERY other member of the company has decided not to/been prevented from doing so? Posters have been stating a guaranteed sale so why not extend them again which costs nothing? Clue.....They KNOW nothing is happening that will make it worthwhile taking them up.
It's clear and obvious, 'something' has now changed whereby the NOMAD has decided exercising options is not a breach of market rules. So that means either we have completed our strategy and SOLD the assets, or all the negotiations have ceased (conveniently at the last possible day for the exercising of options), and the company are figuring out how to word the 'We are delighted to inform shareholders that we are going to Develop MT etc etc'.
Followed immediately by the shareprice dropping below the strike price for the options, and also a suspension on LSE while they figure out how to delist and move their HQ to a 'friendly' country, you know, just like an actual mining company did, POLY.
They played with fire, shareholders got burnt.
Wage cuts all round??
Cheers Spikeyj
Well it looks like the BoD and staff have all decided it's better to put their cash in an ISA than it is to back the company they WORK for who have a Buyer.......Sorry.......Interested parties with low visibility......Sorry.......dis-interested parties with NO visibility........Sorry.........Nobody at all because there hasn't been a single elbow resting on a table willing to offer ANYTHING for anything we have pitifully failed to sell.
Incoming suspensions all round, mass selling in the background from all the suddenly silent cheerleaders who have been 'pretending' to top up and signalling their 'got another chunk at these no brainer prices' virtue to their fellow DELUDED pom pom wavers.
See you all WHEN the bad news RNS lands. Hello 1p my old friend........
Wonderful logic, so to 'align' with shareholders, every individual APART from the boss of the company altruistically allowed their free money options to expire after rolling them over for a YEAR, yeah, right.
So Christian couldn't give a single gram of fcuk about his flock then? Which 'aligns' with the fact that he also hasn't SOLD a single gram of PGMs since the end of 2021.
Masterstroke
The gaslighting about inferior grades that aren't 6.0% Spodumene (the CONTRACT) will continue until we receive an RNS confirming the actual grades being put in the bags.
The price in the fastmarkets arena (the CONTRACT) is considerably lower than it was only 1 month ago. Therefore, seeing as though the contract is discounted from the 6.0% Spodumene price, a lesser grade such as SC5 will be for even less money.
All of this fluff and videos means nothing until we are told what grades are in the bags. The plant has been producing for well over a month so we should already have more than 1k tonnes on-site.
GR, put out an RNS and put an end to this nonsense.
The options were rolled over twice during a sale process because they couldn't be exercised. If they could've been exercised they would've been taken up at some point before the expiration date, which is what happens in EVERY other company on the LSE.
How can a number of different individuals (all the BoD, management and staff who had these options) all decide unanimously to NOT exercise their options for a guaranteed profit over the past 2 years? They were obviously prevented from doing so, hence why the options expired TWICE because the company still hadn't sold anything.
But now all of a sudden and in complete unison, all but one have decided to throw free money away and let their options at a fraction of a penny expire. Do they not have 'hope and confidence' that a sale of assets will be complete this year? That's what we've all been led to believe by their RNS releases.
I'm expecting a NO SALE announcement, because if we HAD sold something, all those free money options would not have been allowed to expire.
Rip of the plaster you bunch of cowards, you've taken enough underserved wages over the course of this clusterfcuk YOU created.
Campanologists all round.
Morning
One connected individual has been allowed to exercise his options when all others have lapsed when they were in the money. WTF is that about? How can Christian pay £25k for shares at a fraction of a penny in his own company when we have 'apparently' numerous NDAs and a reem of material information NOT available to shareholders?
Why did all the options 'finally' expire after being rolled over twice?
This exercise of shares for a no risk profit 'should' mean all available information is to be out in the open. So where's the follow up RNS telling us EUA have actually sold something for cash? Or is a NO DEAL RNS being prepared as we speak prior to the company going into Zombie mode (or yet another unexplained suspension)?
The nigh on 10% drop was expected so clearly there's no 'inside information' about any land of milk and honey asset sale anytime soon.
Where is the update about the ongoing 'sale process'? Where is the explanation of why only Christian decided/was allowed to exercise the options, did all the other members of the BoD and management decide NOT to exercise them?
This stock needs putting out of shareholders' misery ASAP.
Ambiguity all round.