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Per billion you are probably correct, I have not bothered to do the maths
Main issue is if this dilution helpos to develop a few more billion????
The end return is not just the dividend per billion but what is the future value of assets retained
Rosgeo will not likely sell out. They have the resources which some are worth billions and nobody in their right mind gives that away for nothing
Rosgeo likely see that EUA has a better chance to develop these assets and raise institutional financing to get there. The 25% is their golden egg which they will realise some years in the future
Don't even see the placing as a dilution.
Yes my total minimal % shareholding is now lower but money did not go out the window to meet dents that could not be paid or piles of remuneration for board. This is to be used to acquire a venture that has more resource than originally thought. This is only positive
And if I want to bring my % holding up to where it was, can just top up at a price lower than ii paid for (26p)
Not sure we will get an RNS tomorrow morning and I am not holding my breath for it..
The placing, ii interest and implied increase in value of Rosgeo is a good positive development but as I see things this is for longer term development. This will certainly add lots to the market value of EUA, just not holding my breath that it will happen tomorrow but rather over time
As I see things WK, MC and MC flanks are the projects to be ramped up/start production over the near term
My thinking is that
- WK,MC,MC Flanks would be part of any disposal and dividend payment
- Rosgeo will be what remains of EUA after the dividend and will create value in future, possibly billions, but it is a long road ahead
China Evergrande property developer gone bust. Heavy sell day across all markets and commodities hit.
Todays fall is not only about EUA, all commodity shares hit badly
While we all speculate as to what is going on, would make sense just to sit back and understand that the BoD own more than 20% of EUA. They have a huge incentive to see the sp go up, seal the best deal and so on.
BoD would never agree to dilute their stake if they cannot see the significant value that can come from this
As I said before, sale is not the holy grail. It may make more sense for EUA to hold on to the projects, develop the financing sources and mine the metal themselves.
Maybe! If that works for you good.
Very few real bits of information come out. The rest sort of gives the emotion for the day
Ha ha ha, only given is that nobody here has any idea when it will be
I don't follow why people speculate about acquisition date, tomorrow, next week and so on. Although I work in manufacturing and not mining, I would say acquisition process is the same. The two parties will agree on the terms, enter into a transaction agreement but this will only close after various further due diligence is down (economic, environmental, legal and so on). This process I have seen taking 6-9 months +. In Russia things to take longer as the legal work needs to be more thorough.
The board announced a good offer on 12th May and the parties have most likely signed a non disclosure agreement so they can say nothing. The closing and final deal will come when it comes.
Very well said, congratulations!!!!!!!!
Shake shake the tree, monkeys falling out. Soon the gorillas will come to claim the tree
Oh no, let the RNS roll in
I want to buy o weakness - Buy low, sell high!!!!!
Just joking
This just following the same trend as the August RNS. Good news followed by sharp sp drop as a sale is not announced
Sale of assets is not a holy grail, it could be very lucrative if the price is good enough to dispose of the longer term growth potential. BoD in my view doing the right thing, considering the best mining plan and considering how flanks and Rosgeo will add value. This gives a solid message to a buyer, pay up if you want these world class assets
I will buy more shares if it drops to 25p but I don't expect to get that opportunity
Again we see a huge bounce off 30p and sp in the Green now
Profit taking / shakeout seems to have run its course and the buyers coming in.
Not baffling at all
People speculating that sp will double this week selling out as they see short term gain will be limited and moving to other speculative shares.
Also remember what happened after the RNS on Rosgeo JV and WK in August. Shareprice went down >20% over 2 weeks. Then came the huge rebound.
There is no doubt that the 70% production increase is a very positive step, with or without an equivalent resource availability upgrade.
There is good medium-long term prospects here for sure
Not everyone here is about cloak and dagger
I first bought into this more than 20 years ago and started following the exploration on WK and then MC
Sold out when 5things seemed to be going nowhere but continued following developments at WK and MC
Things started becoming very interesting from last year and I have bought back. I only recently joined the chat forums to understand what other PI think of the developments with EUA
Keep holding, I will do the same
What EBITDA multiple do you see for valuing these type of mining assets?
Also I don't really care about the differing views of PI on this. Some will be encouraged, others see it as not being sufficient to drive further immediate market appreciation and so on
What matters to me is how the institutional investors, investment banks, potential purchaser see all this. The details will go to them and not posted out for all small PI to play around with and bash each other. With this in mind I am delighted to see the 70% resource increase and am looking forward to the future increases I expect will come
Great news on the 70% resource increase. I expect we will later get another resource increase as the flanks will also form part of the mining plan. This could be a combination of higher annual mined resource and longer mine life, which both add significantly to the net present value of the project.
Rosgeo will remain a longer term resource in development and most likely will be what Eurasia hold on to after disposing of assets in or nearing production.
I first started playing with this share more than 20 years ago. This has been a log time coming but now it is serious, with serious investors and investment banking partners / advisors involved.
Best to all that have been following this developing story
As I see it, if one believes in the potential EUA has, then the best is to relax, sit back and not think when the next RNS is coming
The RNS, mining plan, asset sale will come when it comes so buy on the dips and wait for the deals
No issue at all if some want to speculate, short, go in with momentum and take profits, that is all part of a normal trading day. When the big news lands it will be those holding that win, but timing will always be uncertain