What’s your big gamble? (Volume 4)

[NuckyThompson]

Russia has nationalised Renault Moscow plant. Chance that something similar is happening with EUA?

The above is a transaction rather than some sort of hostile takeover I think

[Skyedriver]

breadvan said:

In a bid to free up cash ready for any potential bargains, I sold my remaining stake in SNG last Thursday.

What a fking idiot.

Cleared out mine this morning, the ones I bought in the 20p range and the ones I bought in the 220p range....

[GPH]

NuckyThompson said:

Russia has nationalised Renault Moscow plant. Chance that something similar is happening with EUA?

The above is a transaction rather than some sort of hostile takeover I think

Renault chose to sell its stake in Autovaz because French Government under pressure from Ukraine and Renault is still part owned by the French Government who were therefore indirectly in business with Russian Government . They have the option to purchase it back in the next 6 years if things improve.
Nothing at all like the EUA situation.
Share suspended because significant market news due to be announced and leaks would mean an advantage for some so this way there is a level playing field.

Edited by GPH on Monday 16th May 15:13

[Adam.]

GPH said:

NuckyThompson said:

Russia has nationalised Renault Moscow plant. Chance that something similar is happening with EUA?

The above is a transaction rather than some sort of hostile takeover I think

Renault chose to sell its stake in Autovaz because French Government under pressure from Ukraine and Renault is still part owned by the French Government who were therefore indirectly in business with Russian Government
Nothing at all like the EUA situation.
Share suspended because significant market news due to be announced and leaks would mean an advantage for some so this way there is a level playing field.

I like you much more than Mucky

[egomeister]

GPH said:

Renault chose to sell its stake in Autovaz because French Government under pressure from Ukraine and Renault is still part owned by the French Government who were therefore indirectly in business with Russian Government . They have the option to purchase it back in the next 6 years if things improve.
Nothing at all like the EUA situation.
Share suspended because significant market news due to be announced and leaks would mean an advantage for some so this way there is a level playing field.

Edited by GPH on Monday 16th May 15:13

If that was the case how come management haven't managed to release an RNS all day saying the shares are suspended pending completion of the sale, or awaiting further information regarding the status of the projects with the Russian government? The more if have thought about it over the course of the day, the more I'm convinced that the lack of "at the request of the company" in the AIM notice this morning is a sign of bad news to come.

[Chris Type R]

GGP not looking too healthy today either

[GPH]

egomeister said:

GPH said:

Renault chose to sell its stake in Autovaz because French Government under pressure from Ukraine and Renault is still part owned by the French Government who were therefore indirectly in business with Russian Government . They have the option to purchase it back in the next 6 years if things improve.
Nothing at all like the EUA situation.
Share suspended because significant market news due to be announced and leaks would mean an advantage for some so this way there is a level playing field.

Edited by GPH on Monday 16th May 15:13

If that was the case how come management haven't managed to release an RNS all day saying the shares are suspended pending completion of the sale, or awaiting further information regarding the status of the projects with the Russian government? The more if have thought about it over the course of the day, the more I'm convinced that the lack of "at the request of the company" in the AIM notice this morning is a sign of bad news to come.

I disagree. Why do some people expect everything to be done now just because you can't wait for news?
This BOD has been very cautious all along not saying at any time that a sale was even confirmed because it's not until the paperwork is signed.
Yet people who don't understand (or want to acknowledge) the legal ramifications of releasing any comment in an RNS before a deal is legally finalised still waffle on bulletin boards about "they should state now what is happening " etc.

You've been negative on this share for ages now so maybe you should just wait and see what happens like the rest of us.

If you bothered to look back at the last time the share was suspended in 2020 the wording was exactly the same as today.
Clearly EUA don't feel the need to add "at the request of the company" even when it is.

"11 February 2020
NOTICE
11/02/2020 7:45am
TEMPORARY SUSPENSION OF TRADING ON AIM

EURASIA MINING PLC
Trading on AIM for the under-mentioned securities has been temporarily suspended from 11/02/2020 7:45am pending an announcement.
ORDINARY SHARES OF 0.1P EACH, FULLY PAID (0323042) (GB0003230421) "

The last 2 RNS stated they were not affected by sanctions and were continuing to pursue the stated objective which included a sale to a Russian/Chinese/South American company, all of which is still clearly possible.

People have had over a year to buy into this deal but whatever is now finally going to happen the BOD have taken action to make sure no one slips in at the last minute because they are in a privileged position.
As someone else stated how often do you see an unexplained rise the afternoon before an announcement as people on the inside benefit.
A timely suspension prevents that.
The announcement might not even be about the sale but the point is they will tell us when they are good and ready.

Edited by GPH on Monday 16th May 16:28

[Rocket.]

I would really like to believe the above is true ref EUA, I've been glass half full about them for a long time but now we are due some proper news. Good luck all.

[egomeister]

GPH said:

egomeister said:

GPH said:

Renault chose to sell its stake in Autovaz because French Government under pressure from Ukraine and Renault is still part owned by the French Government who were therefore indirectly in business with Russian Government . They have the option to purchase it back in the next 6 years if things improve.
Nothing at all like the EUA situation.
Share suspended because significant market news due to be announced and leaks would mean an advantage for some so this way there is a level playing field.

Edited by GPH on Monday 16th May 15:13

If that was the case how come management haven't managed to release an RNS all day saying the shares are suspended pending completion of the sale, or awaiting further information regarding the status of the projects with the Russian government? The more if have thought about it over the course of the day, the more I'm convinced that the lack of "at the request of the company" in the AIM notice this morning is a sign of bad news to come.

I disagree. Why do some people expect everything to be done now just because you can't wait for news?
This BOD has been very cautious all along not saying at any time that a sale was even confirmed because it's not until the paperwork is signed.
Yet people who don't understand (or want to acknowledge) the legal ramifications of releasing any comment in an RNS before a deal is legally finalised still waffle on bulletin boards about "they should state now what is happening " etc.

You've been negative on this share for ages now so maybe you should just wait and see what happens like the rest of us.

If you bothered to look back at the last time the share was suspended in 2020 the wording was exactly the same as today.
Clearly EUA don't feel the need to add "at the request of the company" even when it is.

"11 February 2020
NOTICE
11/02/2020 7:45am
TEMPORARY SUSPENSION OF TRADING ON AIM

EURASIA MINING PLC
Trading on AIM for the under-mentioned securities has been temporarily suspended from 11/02/2020 7:45am pending an announcement.
ORDINARY SHARES OF 0.1P EACH, FULLY PAID (0323042) (GB0003230421) "

The last 2 RNS stated they were not affected by sanctions and were continuing to pursue the stated objective which included a sale to a Russian/Chinese/South American company, all of which is still clearly possible.

People have had over a year to buy into this deal but whatever is now finally going to happen the BOD have taken action to make sure no one slips in at the last minute because they are in a privileged position.
As someone else stated how often do you see an unexplained rise the afternoon before an announcement as people on the inside benefit.
A timely suspension prevents that.
The announcement might not even be about the sale but the point is they will tell us when they are good and ready.

Edited by GPH on Monday 16th May 16:28

As far as I understand the release was made my AIM to confirm they had suspended trading not EUA. I wouldn't expect them to release chapter and verse about a deal for example, but I would expect acknowledgement of a reason for suspension. The company is obliged to release news that materially affects it - surely being suspended meets this criteria?

If you look at the previous suspension you cite, they company didn't address it until mid afternoon, and even then it was mainly to confirm that the stock was indeed suspended. It took them 2.5 months to provide any clarification of their relationship with CITIC and was nearly 5 months to be unsuspended.

The company has been opaque all along - i think there is every reason to be suspicious of this suspension

[GPH]

egomeister said:

As far as I understand the release was made my AIM to confirm they had suspended trading not EUA. I wouldn't expect them to release chapter and verse about a deal for example, but I would expect acknowledgement of a reason for suspension. The company is obliged to release news that materially affects it - surely being suspended meets this criteria?

If you look at the previous suspension you cite, they company didn't address it until mid afternoon, and even then it was mainly to confirm that the stock was indeed suspended. It took them 2.5 months to provide any clarification of their relationship with CITIC and was nearly 5 months to be unsuspended.

The company has been opaque all along - i think there is every reason to be suspicious of this suspension

How do you know it is AIM that suspended trading and that it was not at the request of EUA?
And last time it was good news when they suspended so why do you assume this time it is going to be bad news and you should be suspicious"?

[egomeister]

GPH said:

How do you know it is AIM that suspended trading and that it was not at the request of EUA?
And last time it was good news when they suspended so why do you assume this time it is going to be bad news and you should be suspicious"?

Because the release has AIM at the top, not Eurasia Mining. I can't be sure that it wasn't at the request of the company but I have seen the language used on stocks I hold to be different in the past when it was. I'd assume that releases by AIM are typically template for stuff like this and that other wording would be used if applicable.

[Vanity Projects]

Put a small chunk into Argo Blockchain yesterday as they've take a hit from the Bitcoin/Terra/Luna debacle but they report earnings after hours on the 17th (today as I type this) so it might jump up, of course it might not.

We shall see.

Shorting Ark on 3x leverage was a good choice this morning too.

Unsure what to make of EUA (Don't have any) semi-related POLY has jumped 7% but not sure why.

[Rob_125]

Looks like Nanoco has won 5/5 patent disputes against Samsung...could be an interesting day. That said I'd imagine this is the start of a long drawn out court case.

[TCX]

Chris Type R said:

GGP not looking too healthy today either

And down yet again this morning,even AMC is slightly up!
Low ball offer for either 5% of Havieron or company itself?
Really think they have to make some comments sp has plummeted since Shaun Day took over yet news has been decent to very good regarding drilling/ decline progress ?

[Adam.]

TCX said:

And down yet again this morning,even AMC is slightly up!
Low ball offer for either 5% of Havieron or company itself?
Really think they have to make some comments sp has plummeted since Shaun Day took over yet news has been decent to very good regarding drilling/ decline progress ?

rising now, but yes getting frustrated at the lack of information, I was hoping the 5% offer would go to arbittration and raise the overall GGP MV considerably up

Edited by Adam. on Tuesday 17th May 09:25

[chrishumes1978]

Any news on IDP?

[GPH]

EUA RNS

so after all that.....................nothing to report!

17 May 2022

Eurasia Mining Plc

Restoration of Trading

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, confirms it has no material new developments to notify. The Company expects trading in its ordinary shares to be restored on the AIM market on 18 May 2022.

[petemurphy]

GPH said:

EUA RNS

so after all that.....................nothing to report!

17 May 2022

Eurasia Mining Plc

Restoration of Trading

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, confirms it has no material new developments to notify. The Company expects trading in its ordinary shares to be restored on the AIM market on 18 May 2022.

really? wtf theyve taken years off mike's life for nothing!

[GPH]

petemurphy said:

really? wtf theyve taken years off mike's life for nothing!

err and mine and Adam and Chris and a few of us!
One day it will end..............

[egomeister]

Wow, how bizarre! I think it's safe to say now that the suspension wasn't at the request of the company.

I'm intrigued to see what happens in the morning.