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Little bit naive to think we have had several non-binding (for now) bids and all on an unknown amount of in-ground PGM's - The bidders know exactly what their bidding for and its an ever improving bounty..... that's what matters!
GLA LTH
N
Ignore Aviz Mooching, he/she filters almost everyone. Nothing wrong with your post.
My pleasure
Yes missed it....thanks Hallster
Setting things up for the buyer.
Big Tasty,
You must have missed the post last night regarding the office being set up in 2015. Not very new.
This may be in our best interests....time will tell!
Hate to see it but if we were going for a company sale why would we need “Eurasia Japan”? Looks like we’re in it for the long haul...
Pros
BoD keeping all options open gives them a strong hand, keeping their cards close, as you might say.
FSP ongoing and NDA in place.
Very tight ship,
Cons
This leads to speculation and uncertainty. Market doesn't like uncertainty.
In fact, the market has no idea and has obviously decided to pick a range it believes to be fair value on what is known.
Price doesn't move because everytime we have a positive update, things actually become less clear and uncertain.
We are stuck here until something breaks the deadlock and adds certainty one way or the other.
Robert,
Ndn71 is one of life’s little mysteries.
Posted nearly 2000 times since January 21........just look at his post history and it tells you how much he is loved in the other BB’s too.....lol
Oh yeh and he’s says he’s been invested since pre-suspension....but couldn’t be bothered to post till this year....you can draw your own conclusion on that !
Yes they Rns,d Wk but they never said what was in it.If they did tel us.If you do I will tell you how much I have invested.
What’s your name and address .Exactly mind your own business right?
We now know an EUA RNS can come anytime from 7-6.30......the last one took me by surprise as I waited till 6pm then went to the supermarket.
One thing is granted Life is never boring as an EUA shareholder!
Green algae to port side!
They can't tell us because they are under a NDA, as ftsedow has said. I trust the BoD to deliver.
There are big investors in every share but to encourage more investors you kind of have to know what you are investing in.
They must surely be impressed with what's there?
They know what’s in WK but none of us do.If anyone does do tell.
There are several big investors already here are there not optimist59?
I sold a car once.Have no idea what it was but what hell I put it up for sale:Thats why investors think this share is weird and they just pass on by.
You did, as I acknowledge in my first sentence. I was expanding on why it looks weird and why people are being spooked.
Thought I told you that.
I would like them to say what they have in the ground.
I think you're right that the market is indeed spooked, not just by what the offer actually is, but also who is bidding, is it a full or part sale of assets, how long it could take, what else is being added into the mix on a monthly basis, etc. This company is a rapidly moving feast with no fixed process, assets, timing or structure. No sane investor would look once at EUA and say it is a good investment.
And that is what I think the problem is. A sane investor needs to look more than once at this. It needs a much deeper understanding than the cursory tick box exercise used for other potential investments. It needs an unlimited investment time frame. It seems to fit no standard investment strategy. I work for a PE house (just in IT) and the typical fund raise prospectus and subsequent investment committee meetings all start with an investment strategy based on parameters (asset class, geography, committed capital cap, expected IRR and money multiple, entry and exit timeframes, next natural owner, etc.). All of the attributes of this company are far too fluid and unpredictable for a typical investment strategy, hence it is getting swerved. Us PIs however do not have such rigid, accountable investment strategies - we can make it up as we go along with only ourselves to report to.
But the one thing a lot of us PIs do get is that all of the attributes - however fluid - are only improving over time. This is a unique, boutique share that the normals are just walking past out because it just looks a bit weird.
I can’t understand the logic of what they are doing.They have called an FSP which has been going since July 2020 but they won’t tell anyone what they selling ie the Pgms they believe they have in the ground.What is the advantage of doing that,who could possibly gain anything.I find find everything very weird and it’s spooking the market.