George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I can* tell you...
I cant tell you exactly why its gone from £40 to 169p. It was massively overvalued, they dont make any money from their customers, most dont pay their salaries into the bank. They are leveraged to the hilt, if they cant scale properly whilst keeping costs down, they basically go under, pressure from Starling and Monzo Banks.
EUA has a resource is demand and thats not changing short, medium or long term. They have no debt of substance and peers have been purchased which benchmarks the conservative prices for an asset sale of some sort. Still hugely undervalued.
Big rise tomorrow imo. No other way to see it than Alexander sushchev been granted indirectly 1.04% of the company by Dmitry Sushchov with the aim of getting top dollar for the assets for the benefit of all. Great
Starting to see risks of MTRO & EUA as quite similar. No one has fully explained why MTRO has gone from £40 to 159p and some on that board have suggested it could drop to £1. So EUA at 3.1p looks quite strong to me, and is getting stronger by the day. The big question should I add to my EUA. Only thinking aloud. DYOR
Now the critics know this deal is not BS. This is the real deal my friends.
I definitely wouldn’t sell any EUA to invest in MTRO, but at the same time, it’s not the best idea to have all your eggs in one basket (EUA). Hold MTRO long for good value. I would expect the SP to at least double over the next few years. Majority of my money is here though.
It does seem a very professional outfit. Being a relatively new investor, I’m pleased this share is doing well! GLA
EUA is the better bet full stop. Ex senior goldman sachs investment banker and now and ex norilsk nickel manager are on the team here -
"Sushchev, formerly a manager at palladium colossus Norilsk Nickel, will work with fellow strategic advisor Alexei Churakov and investment banks VTB Capital and CITIC Group."
https://www.proactiveinvestors.co.uk/companies/news/906778/eurasia-mining-appoints-russian-adviser-to-assist-on-strategic-sales-906778.html?fbclid=IwAR0DRq4oJrQ536JpzFs0ixrWedN9b6_r0kR1p0S8QDD3ycP11bW0qM9sX6c
This level of high up contacts and professionalism is a very very rare thing on AIM!
GLA
Cheers for the opinions people. I figured EUA was a better bet short term hence I hopped into this one as well.
Just need to be careful not to make the same mistake and chuck it all in here. So tempting when you think about the upside of this. Must refrain.
Agree Jim
Sold MTRO today, been in EUA for a couple of weeks. Plan to get back in MTRO at 210 or below. 100,000 EUA costs about £3000, whereas for that sum you get less than 1500 MTRO today. There seems a good chance of a 1p gain in EUA at any time, even the next 24 hours and for MTRO to produce a similar paper profit the price has to be 270p,spurious accuracy in the figs. but message is about right. In short term I reckon EUA is a better bet, whilst not overdoing the amount one invests, IMHO
Mercedes - you're right, i got dizzy reading that back..
Why you guys talking about metro? Terrible bank, even if they get bought for a lot of money, I wouldn’t even enjoy watching my profits go up. Would rather invest in a company like this. If you want to chase Rainbows then Zoe vast prem (maybe kefi) are ok. But I would never dream to take money from here and into.. ‘MTRO!
Good luck with tomorrow, super super excited .
I reckon INCOMING rns re: west Kytlim
And maybe something end of week? WowZa
You need to sit down and chill lol
I did hold Metro but sold out at 252 to jump into VAST and a top up here. I think BOIL could also be interesting now.
I'll probably buy back into Metro if it gets to 200 as worth a small punt.
Its worrying that most banks with no HK exposure got a top up today. But not MTRO.
I have some Metro shares too. If there is a TO then great, if not I will hold long as think it’s currently way undervalued, and will top up more if EUA pays off before MTRO heads north
Learnt a lot from MTRO hence why I am nervous to slam more here. I bought an extra load of SXX last week and also this morning. Plus a small foot into VAST after listening to the VOX interview.
Likewise, I'm in both.
Metro is a tough slug, this looks to have promise but I'm also being cautious being burnt on Metro, I know they are different beast. Had a chance to get here at around 1.7p but I was having a wobble due to losses and held back. Got in at around 2.6p in the end a few days back
I am in both mrcarrick. I always have powder dry as it helps with averages if buying is timed off. The moment i saw the rns here i slammed in a chunk again after taking off the table when it got to rampy and heated. I may add more here (secretly hoping for that 10% drop on open EUA is famed for)
I am always going to keep a core metro holding as i do believe the noise over there is alluding to another move coming. Have traded both but now EUA and MTRO need to be held.
Have to admit that the derampers have made me question myself multiple times over and I have diversified a bit better due to that. I thank them for that.
Having reevaluated my portfolio I am considering halving again my MTRO holding to put in here. I've almost made back my losses on MTRO here already and I do get a good feeling a deal is close.
Trouble is after diversifying a bit better today it's tough to then slam a load more here thus unbalancing my portfolio.
Seen a few other MTRO guys as well who clearly want to make back some losses from over there. Any thoughts?