George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Morning
How many times has it done this? Drops rapidly, sits in a lower trading range, then spikes up VERY temporarily to the tune of 'this is it' from those who STILL believe we are to be valued by a potential 'buyer' as a major mining company.
Nice little 10-15% trading move in the run up to next week's 'major' RNS, the BoD's Options Extension RNS. And seeing as though the last TWO extensions resulted in another YEAR of achieving absolutely nothing other than a 'suddenly all important' DFS that was the last piece in the jigsaw when it actually wasn't (because we remain UNSOLD), I'm sure the next extension will be 'proof' that a deal is close.
The ONLY thing that can put the majority of shareholders who 'believed' all the FSP fairy tales back to where they were is an RNS stating BINDING SALE AGREED. Until then (which I don't believe is likely to be in the next 7 trading weeks), we are nothing more than a play thing for trading groups who know they can make 20% on orchestrated swings, because they've done it countless times over the past year.
Wake me up when it moves up 5000%, then I'll be back where I started.
All the best
Fr.
I don't pay much attention to what the BoD put in RNS releases any longer because I simply don't believe they give us anywhere near the true picture.
The fact they suddenly referenced 'sanctions' when they talked about the asset sale a few months back, when previously they stated sanctions don't impact the sale process (they did/do, obviously), says all I need to know about their veracity.
They fact they also failed to inform us that 2 separate legal actions had been taken out against us by SHAREHOLDERS is also a nail in the 'trust' coffin.
The BoD are literally atrocious in EVERY department specific to protecting shareholders' interests. They've farmed out everything to do with selling assets to highly paid 'experts' in supposedly Tier-1 organisations (UBS, DLA Piper etc) nigh on 4 years ago and achieved fcuk all but shareholder destruction.
This 'should've' been the easiest sale in history seeing as though (apparently) companies come knocking itching to buy what we had to sell. They got greedy, started to play off buyers against one another, added the Rosgeo disaster BEFORE they had actually sold MT which was the whole point of the sale process. They then started talking about international hydrogen/ammonia conglomerates while opening offices in Japan and carrying on like they were Rio Tinto when in reality they are more like a Kia Rio, small and limited.
If we don't sell to a BRICS buyer with the 'blessing' of the Russian government at some point within the next year, I believe we will be suspended again. If the sanctions and more importantly, counter-sanctions don't ease, I can't see us firing up WK and getting to 64k of platinum equivalent per annum because we can't refine the sand into PGMs and sell them (hence 'trying' to sell bags of very low value unprocessed sand).
Zombie company until a 'sale' happens. But don't worry, the pom-pom wavers KNOW we will be sold in the next 8 WEEKS after all the massive offers come in, the EGM is called, voted on, approved by the Russian government, and paid into all our UK broker accounts before the fat man comes down the chimney.
Or...........
Agreed, It's gone on WAY too long, and whatever 'proposals' the BoD have been privy to have obviously been heavily discounted from the OFFER they accepted from the BUYER (remember that word, the one that isn't 'intested parties') way back in May 2021.
It's my belief that the BoD have received proposals/offers but they won't dare come forward and show them the light of day in an RNS. To do so will immediately display that what some people 'think' this company is worth is just not the case.
I can see an absolute standstill across all assets (WK has already been pretty much shut-in as no mining is happening, how wonderful for the local workers), and then we'll hear whisperings of 'developing MT' creeping into RNS releases (whenever the BoD bother to put them out). We might even hear the old 'running out of money' faithful of another company farming in to get MT developed, so there's another 'we are in discussions with' can to volley down the road.
The fact we have stopped everything and STILL haven't sold a few bags of sand from 2022, 'suggests' to me that all is not well sanctions wise. Let's not forget an actual major mining company (POLY) had to remove their UK listing and HQ and move to Kazakhstan, because to stay in the UK would make it 'impossible' to sell off their Russian assets (the CEO used the term 'impossible' so it's his word not mine).
Rosgeo have the Nyud licence hived off and ready for transfer, but EUA haven't activated the option and taken their 75% entitlement, which would immediately add value by bringing more metals into the reserves bank. This is 'clearly' because they CAN'T, so if we don't sell MT and that 75% Nyud option we are 'likely' to be stuck in limbo because we seemingly can't develop anything in Russia while our HQ is in the UK.
Either the BoD sell MT/WK for a huge discount, or we rot on the vine.
All the best
Stonk
'Tygra: I'm struggling to see'
I know you are mate, that's why you're one of the Cult cupping the BoD's nutsacks and blocking out the reality of what THEY did to your shareholding.
I post whatever I choose whenever I choose, the aim is to put my point across to allow those who may be reading but not posting that there are some of us who's opinions differ from yours, and that 'we' don't mind different views and would never have posts REMOVED (like yesterday's thread) just because we don't like what was said.
It's called being an adult and owning your own mistakes (believing what the EUA BoD put in YEARS worth of RNS releases that turned out not to be so).
That's all from me to you.
Greetings
In less than 8 trading weeks Eurasia Mining will be sold for multiple BILLIONS (after fees and taxes and brown envelopes), and UK based shareholders will be paid a massive dividend that dwarfs any other asset/company sales in the entire history of the UK AIM.
The 'massive rise' today that's garnered such intrigue from those who so desperately WANT to believe (something's happening, we stopped plummeting temporarily and the bid moved up a fraction of a penny, so obviously the 'buyer' has now put a binding offer on the table), is nothing more than EUA doing what EUA does, circles the drain for a bit, drops rapidly, and then gets spewed back out leaving tide marks on the sides of the sink.
2.2p on the bid is hardly indicative of a 'leak' specific to the 'supposed' largest sale in the history of AIM is it? The next RNS we see will be the inevitable options extension RNS, and if for some miraculous reason the BoD see fit to do the right thing and let them EXPIRE, the price 'might' respond positively.
However, if they kick the disgraceful can down the road for another 3-6-9 months, the price will start flirting with the 1p range again (if it isn't already there).
Good here isn't it?
Morning
Nobody will 'lend' Angus Energy money on anything other than obscenely high interest rates. There will also 'probably' be an initial drawn down fee in the high hundred thousands, an 'arrangement' fee with the lender(s), broker fees for doing literally nothing other than being the designated broker, and probably some other 'fees' if/when the loan is repaid in full.
These mystery lenders also require an independent field appraisal to ensure SFB is likely to still be spitting out gas for the duration their cash is in play. It seems all of the current 'data' supplied by ANGS is not enough for people with money to accept as Gospel (they've seen George Lucan's lips moving too), so no doubt they want to send their own chaps in to have a peep (fees for same will be ADDED to any debt instrument and repaid by ANGS with interest).
Or the alternative happens, and the Hedge that keeps on giving to Mercuria and the bucket shops will be 'restructured' in a way that rapidly places family sized tubs of Vaseline and KY Jelly on the Christmas Lists of ANGS shareholders.
Dear Santa..........
It isn't down 7%, the uncrossing trade is a false indication of direction today, just as it was yesterday when some 'thought' we were up 8% based on the false UT. Notice all of the other trades around the UT and that will give you a more accurate picture of where the buying/selling sits:
18-Oct-23 16:45:16 0.47 1,800 Buy* 0.44 0.47 8.46 O
18-Oct-23 16:35:06 0.444 25,000 Sell* 0.44 0.47 111.00 UT
18-Oct-23 16:27:27 0.47 425 Buy* 0.44 0.47 2.00 O
18-Oct-23 16:24:17 0.47 851 Buy* 0.44 0.47 4.00 O
18-Oct-23 16:21:13 0.45 59 Sell* 0.44 0.47 0.27 O
18-Oct-23 16:20:51 0.457 8,884 Buy* 0.44 0.47 40.60 O
So just like yesterday when it finished up and opened down, tomorrow it will 'probably' open blue because of the artificial UT effect.
Also, the tiny £111.00 closing trade in London is hardly an accurate indication of 'perceived' issues with a floatation circuit in Zimbabwe is it? I'm sure if news was out, there'd be a lot more than £100 quids worth of sells going through.
All the best
Jaguarflush
Please read the below:
'A revised hybrid pricing agreement with the price of SC6 supplied by Premier based equally on both the SC6 price and a profit share under which Premier and Canmax will share equally the profit from production by Canmax of Lithium Hydroxide from SC6 supplied by Premier.'
Note the specific reference to SC6, yes, lower grades can be sold to 'other' parties who are in the market for inferior grades, but we are contracted to supply SC6 to Canmax and will be financially penalised if we don't. As long as we satisfy the miniscule 1k tonnes of SC6 by the end of November, we'll be fine and revenue will start coming into the company.
If GR ends up with some SC3-4 or whatever, it will no doubt be refined further to ensure it's SC6. Once the debt to Canmax has been settled GR can sell additional product to other buyers as long as the Canmax offtake amount of SC6 is settled first.
That plant was DESIGNED and built to produce SC6, so we shouldn't even be thinking about accepting lower grades. The new deal from Canmax is very generous, and the 50% profit share from the processed Lithium Hydroxide is a very good 'earner' for PREM as long as we continue to supply the goods.
We'll find out soon enough, all the best.
Marcus(pd) Is the pd Pump and Dump? Or is it Pretty Dumb?
If you are going to incorrectly label me as what infants who infest these boards call being a 'deramper' (an indication that when used, the entirety of the post is irrelevant and should be ignored), it would make sense to CORRECTLY list the acronym used:
'I see the de-rampers have come up with a new one... "FOBO - Fear of bring in".'
FOBO, would be Fear of Being Out, not fear of being in, which is FOBI. The reasonable post I left this morning that listed nothing but facts based on the recent history of this stock could not in any way be described as 'de-ramping', because I stated clearly that we have been informed by the person who runs Stark that the plant is operating and SC6 is achievable via cycling.
So 'if' we don't manage to export a tiny fraction of what we were 'supposed' to originally export by the END of next month (1k tonne of SC6), we will get hammered no? It will also mean both GR and Stark have yet again FAILED based on what was said in that interview, plus all the childish 'inferences' when Stark put out those stupid cryptic videos.
As I've said previously, I 'think' they will achieve the incredibly low export requirement Canmax have been generous enough to allocate to them, and if they somehow manage to fcuk this up AGAIN, I believe GR should resign immediately and Stark should suffer serious financial penalties (but they won't because GR isn't astute enough to draw up contracts in a way that 'protects' shareholders' interests).
This will either become a good junior mining company pushing towards mid tier in time, or it will fail and be taken from shareholders in one way or another, 'possibly' in a similar manner to that of the Sirius Minerals 'heist'.
That's all from me to you, there will be no response.
morning
there will be no fomo here because the trust isn't there.
those who have held for a while and listened to what turned out to be downright lies from gr, mark the 'enabler' fairburn, and the 'conveniently' 100% positive, just over the next hill and we're there troops, 'in the know' infantile 'predictions' from snowking the terrible, will not risk large sums of money without official confirmation of production.
gr has about 6 whole weeks to get a quarter of what the plant was designed to produce in one month in some bags and off to china. that's a 3/4 reduction in sc6 production with over double the time to produce the much lesser amount (stark bloke has confirmed material has been going through the plant/mill for over 3 weeks now). that 'shouldn't' be a difficult target to meet.
as for fomo, it's more likely to suffer from fobi (fear of being in), based on the ****show after the disgusting media ramp-a-thon with stockbox that told us 'within the week', bags of sc6 would be trucked to johannesburg, which implied everything was fine and dandy when the reality was much different.
now we've had the ceo of the firm who built the lego set telling us it's up and running and can produce sc6 by cycling the grades through the floatation circuit until they are at the required percentage. let's hope he doesn't suffer from pinnochio syndrome either.
all the best
Well, at least we won't have to worry about these warrants being exercised by the poor chaps who literally urinated $35 million down the pan. Seeing as though they put this cash in to 'progress the Rosgeo assets' that have now EXPIRED, I wouldn't think they'd be singing the BoD's praises with sycophantic nonsense about 'deserving' options for their 'performance':
'· 53,306,751 warrants exercisable at 26.5 pence, expiring 20 May 2024; and
· 41,551,563 warrants exercisable at 26.0 pence, expiring 20 September 2024'
However, if this mystery investment group had any 'spidey sense', I'm sure they would've been part of the heavy shorting that made a lot of investment banks a lot of money as it crashed from 43p to 2p.
The only thing this BoD 'deserve' is a long walk off a short plank.
No need for tissues, I sold the majority of my holding a long time ago (when it was obvious to those with eyes and brains), and left myself 20k shares just on the off-chance that a buyer materialised and offered a 'fraction' of the value of what we have been led to believe sits under the RUSSIAN soil.
Alas
Do you get it now idiots? Yes, I'm talking to the complete muppets who are so DELUDED they STILL think this BoD have any credibility whatsoever.
It's now CLEAR and OBVIOUS (even VAR can see it) that 'something' bad is about to be released and those in the know have already sold out (hence the rapid drop from nigh on 3p to the 1p range in less than a week).
How are those 'top ups' going? It's surely an absolute BARGAIN now isn't it? The 'faithful' should be all over this putting their money where their cake-holes are..............orrrrrrrr.....They are all full of siht and have been 'selling' in the background while spouting rampastic drivel on a zombie share presided over by duplicitous incompetents.
Get your 'golden tickets' the Ship's about to dock in the promised land (or smash into the harbour wall and SINK).
It doesn't matter one jot what capacity Canmax have. They have an entire planet to source raw material from and deep enough pockets to do it. 'IF' Stark get the plant they built to do what it was 'designed by them' to do, we'll be quids in. 'IF' they continue to make mistakes and cause failures and delays, we'll get hammered and be on the hook for even more cash payments to Canmax (cash we can only acquire via placings, debt and/or selling equity stakes in the asset/company).
This is literally a binary play, it either works or it doesn't. It requires no catastrophic scare stories about what 'might' happen if a friggin meteor smashes into Zulu or a herd of bi-polar wildebeest trample over all the workers in the local boozer. It also doesn't need any unfounded/inside info rumours about 'great expectations', particularly from Snowking and co who have been shown for what they are (duplicitous and serpent like in their 'behaviour').
Stark/Prem have been set an incredibly low bar by Canmax. If they can't even 'hop' over the measly 1k tonne of SC6 by the end of NEXT month, they'd be better off selling it all to Canmax and finding a new 'hobby' to keep them off the streets and far AWAY from shareholders.
The only thing that can turn our fortunes is an RNS from GR stating they have achieved and (hopefully) surpassed the contracted MINIMUM amount of SC6 for November 2023. After that, Stark can then get the new, new, NEW Mill in place to increase production and start paying off our debt at a rapid rate of knots. Placings should now be consigned to history, and the next 'value inflection point' will be proving up and potentially replicating what Zulu looks like in the EPO areas.
This 'could' be the ground floor of a junior/mid sized mining and processing company. Or it 'could' be another corpse for the AIM graveyard which is now expanding as it's standing room only at the minute.
Time will tell.
All the best
Mrtwisted
EUA and 50p a share in any correlation is now 'probably' impossible on so many levels:
'One day i will wake up and eua will have sold for 50p a share !!'
This means you're still asleep and dreaming, you'll wake up for real soon enough and see the actual price drop into the 1.75-2p trading band before the fat man comes down the chimney.
However, if for some reason the fat man in the red suit brings 'miracles' for Christmas, I would Love it if he dropped 50p per share off, but unfortunately, the taxes, fees, brown envelopes, legal bills, UBS invoices, BoD options, and any and all other as yet unaccounted for 'transactions', would probably leave us shareholders owing the BUYER money.
All the best
Morning
I see the shameless delusion and the (I WANT it to happen so it WILL happen) stupidity is alive and kicking:
'Its ready to go by year end this ....get loaded up'. I don't know what's more dangerous, the fact that there are people who spout this 'wishful' nonsense, or the fact there are are other 'adults' who tick it up.
The company can't even sell a couple of bags of unprocessed SAND after spending MILLIONS throughout an entire YEAR digging up dirt on our only 'producing asset'. They CAN'T process it into relatively valuable platinum dominant PGMs, so they have shoved an advert on eBay that three 'dis-interested parties' are hovering their mouse over ready to click if the price gets LOW enough.
But no, the latest RNS that said absolutely NOTHING at all that can be construed as DEFINITIVE confirmation of a BUYER completing an asset sale in the next 8 to 10 weeks is suddenly gospel, when EVERY other preceding RNS, particulary one in MAY 2021 that mentioned an actual BUYER, has resulted in nothing but shareholder destruction.
Whatever this Board of Incompetence sell, it will be for a MASSIVE discount to the supposed 'value' attributed to it due to the country in which our 'assets' are located, and the obvious desperation of the BoD who continue to find news ways to NOT add value.
And if we have a nailed on 'sale' that will allow us all to sail off into the sunset because it will be for multiple BILLIONS according to the hard of thinking, I have one fact to add:
2.15p on the BID has entered the chat.
Have a goodun, the BoD will, it's hard work figuring out how to word yet another 'options extension' RNS, we are so lucky to have them.
Just wanted to say cheerio to Legalwolf and the 'few' others who could see the reality here. Down another 8.33% today means I've decided to cash in the pitiful sum Naheed (see 'Lifestyle' for further information) Moron has left me with, and put it towards my weekend treat. The bottle of 'good' wine is still just about possible but unfortunately, due to transaction fees and AIM-itis, the chicken donner mix is now 6 spicy wings and one sachet of garlic mayo.
Genuine good luck to those who decide to stay invested, I'm done with Naheed's Nail Bar forever.
All the best