London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The nasty streak that resides in us all wishes that to be true. I'm putting myself in the board's position, they know they are tied into NDAs and market rules around what they can openly say. They also know the market spivs know this so they can play fast and loose with the market capitalisation with no fear of enforcement action. The market can continue to ignore and even punish good news knowing there is very little that can be used by the BoD to keep us on an even keel.
That is why, being human, the board will naturally wish to release the news that locks shorters out at a time when it can cause them the most damage. That is a 0700 RNS at the start of a trading day or an after hours RNS that makes them sweat overnight or through an entire weekend before they can buy and cover their loss making positions.
If it were me, I would release a suspension RNS on a Monday at 0700, get all the deal details in place over the week and release an RNS at 1630 on the Friday stating the sale value, dividend amount and call ex-dividend for the following Monday. Not only would those short be margin called and stopped out, they would be on the hock for the entire dividend amount because if you hold a short position through an ex-dividend day, you're legally obliged to pay the full cash value of the dividend to the institution you borrowed the shares from.
All in all it doesn't matter really, and maybe the BoD aren't even interested in the games that have been played and they will just release the news as and when it's available.
It is tempting though.............Come on Dmitry, make a statement and put a few financial bruises on these cretins.
If MMS take this down to let their shorting mates get out, I will be buying.
But don’t be surprised if it goes NT to buy early doors.
Exactly, if you don't press sell you haven't lost actual cash just an arbitrary ludicrous paper value based on a bunch of crooks and spivs who have free rein to move valuations on a whim depending on where they are in the 'do our mates a favour cycle'.
In 2 - 3 weeks I'll have a few more shekels that I can swap for a few more doubloons. Happy days.
All the best
I see a scramble to close shorts on Monday - the RNS indicating their time is up and people loading up and these low prices.
Hoping for Monday 7am - come on BOD don’t let them an easy way out ……Release the Kraken !!!
I also could not care less what the sp will do on Monday, the pieces of the EUA jigsaw puzzle are being put in place each RNS, the final outcome sp is the only one I and I assume everyone else is concerned with.
Essentially the company fundamentals are on an incessant march onwards and upwards. The transient share price is simply a side show . It can tank on Monday for all I care, it changes nothing.
It's not a straight forward call is it? Logic suggests an AJ knock out but for me, Usyk is so focused and has complete faith in his beliefs that I can see him prevailing. I think Usyk has a much better chance of getting his arm raised than Wilder does against Fury.
There's also the boxing corruption element. So many decisions are farcical because just like in our financial game, the boxing game has a brown envelope surplus so they like to keep running the stock piles down at regular intervals. AJ is a gravy train that makes a lot of people a lot of money. A ludicrous points decision in AJ's favour wider than Septic Lil's legs on shore leave would not surprise me one bit.
I'm desperate for the Fury v AJ fight and I'm hopeful it happens late 2022 early 2023 if they both get through their battles. AJ has a rematch clause with Usyk so that's the first half of 2022 swallowed up based on how long the gaps seem to be between fights these days.
It's going to be a good scrap tonight, hope you enjoy it mate.
I worry because it causes other newer PIs to panic and sell. A lot of people are blinded by fear and have a disposition to err on the side of perceived caution and protect what they have.
For me it's a gift, I signed the contract on a house sale yesterday which will hopefully replenish my coffers in the next 2/3 weeks post completion. If the price is still low then I get more shares for less money. It should be clear to all who have read my posts that I am here until the end, so on the face of it you are correct that it doesn't matter about short term volatility but my musings are for the benefit of newer holders.
There's also some investors who carry trailing % stop losses that are visible to Market Makers which is legalised corruption and a considerable advantage for people who already have way too much power and influence over the valuations of listed companies.
For me, there is no scenario other than a natural disaster or a government coup where investors lose money on EUA if they hold until the end. No deal = EPCF contract and outsource a mining team to extract MT's riches while counting the profits from WK and work towards asset sales/mining plans on the Rosgeo JV licences.
Regardless on the strategic outcome as per the 12 May RNS, the PGMs don't dissolve and the majority of them belong to Eurasia Mining. There is always more than one snout trying to push into the trough and the competition element among mining companies and investors is huge. There's no loyalty and financial tricks will be played to ensure survival. Majors need their assets to be replenished and in Russia, you have the cheapest overheads and the highest margins with a fully onside government investing in infrastructure expansion specific to mining and trade.
I don't worry about the short term movement, I just don't like watching corruption going unchecked 24/7 with no action taken. One day soon it will stop for EUA but the corrupt circus will move to another AIM town and some naive PIs will get rinsed. After EUA, I won't be in the crowd watching the circus perform its tricks, I'll be in a bigger garden enjoying nature.
Interesting on the boxing. AJ is certainly going in lighter so as to last more rounds if needed. I think he'll be in control for the first half, but could be at risk in the later rounds if it goes that long.
I hope AJ does win, so we "might" get one step closer to seeing him fight Fury. If not, it's another year of rematches etc
So looking forward to the next few weeks now .
Wow its been a long ride . Back in suspension I thought it would be so simple - obviously I had no idea as to the working of the company , or their master plan back then , and how much there was to sort out .
Not the easiest share to hold if you don't really understand the mechanics , as its easy to be misled or baffled .
The last couple of RNS's have shown us that we really are getting close to the end game now .
The SP games have gone on so long now I'm actually immune to the emotional side of seeing my pot rise and fall by £1000s every hour , if anything it just confirms my faith in whats going to happen at the end of all this .
So thanks to the crew on here that have kept the faith , enlightened us with facts , and set the record straight when needed.
I hope that EUA will change peoples lives , and we can all look back on this period as a life lesson , to hold firm with your convictions , and not to be swayed . He who dares Rodney . Our lives will be richer for the experience .
It might not happen on Monday , but once that JORC lands , its gonna be whole lot harder to worry people out of their shares .
Why worry about short term price movement unless your trading or planning a buy?
The overwhelming objective here is the plan to completion Fridays RNS is confirmation of a further piece of that plan, surely people can now see we are on the cusp of a serious substantial deal and any short term movement is negligable in the grand scheme?
We shall see mate, I'm basing it on what happened after the out of the blue Rosgeo JV RNS. We ran up from the bell but over the next few days/weeks we got hammered and the drip down to 14p happened day by day from mid 30s.
Being a Friday RNS mentioning a JORC coming shortly gives me confidence that a few investors will want to pick up shares from the bell on Monday just in case news drops and we re-rate. Time will tell but I'm hoping for a 0700 Monday value adding RNS of some description making all this prediction playing moot.
I'm also predicting Usyk to stop Joshua in round 9 tonight after schooling him from about round 4 onwards once he's figured out all his power moves. I could be wrong on that too because AJ is a massive favourite among 98% of boxing commentators and news outlets. I think he's in for a shock but I'm looking forward to the fight regardless.
All the best
I was thinking the opposite, we usually have a drop on good news and then a decent rise in to close, but who knows? ;S
Right ,I'm off to get some diesel, should be back by 0800 Monday.
Friday's RNS was a good base to build steady rises upon but I fear that without an RNS Monday morning specific to JORC, or any number of other potential news releases such as interims, WK flanks etc, there will be a collaboration of beastly intentions from all the market makers.
Confidence amongst us PIs on the whole is very high, and those with access to funds will probably put additional cash in here and gain more exposure to the considerable short term upside we can envisage based on all recent news. However, based on previous behaviour I'm expecting a concerted effort to drop the price and hoover up some unprotected shares (stop losses & panic sellers).
If there's no news at 7am Monday, I can see a first hour initial rise, possibly as high as 32p, but without news it will likely follow the pattern post JORC announcement and a steady % drop will occur with false uncrossing trades keeping the price red each trading day.
The good news is that there is so much good news being loaded into the cannon it will not take much of a charge bag to make this go BOOM! We are talking a massive bang for a measly buck and all it takes is a confirmed JORC with the subsequent 100% ownership being activated and the market will/should be compelled to re-rate us based on the JORC confirmed additional PGM and battery metal resources added to what we already have.
There's way north of 100 million ounces of PGMs soon to be added to EUA's winter pantry. Our cupboard is not bare and there are many cash rich prying eyes peeking through the cracks coveting our wares.
So much news is due in the next few weeks/months, the sand is reaching the bottom of the hour glass and all our news rivers are leading to the sea at the same time. The dam will surely break soon, and when it does we will truly be thankful we held. Here's a clip of some of the market makers and shorters trying to make us all sell. Then the RNS appears in a jewel bag and shortly after, HMS Eurasia comes into view and steers towards dividend harbour. I can see us all on deck, Tilly at the helm and Septic Lil looking like she needs medical intervention after being the lone female on an epic voyage!
Dealer, buyer & all
All those kippers we noted in recent sessions with ii names all over them ,
Here’s a selection ..
24-Sep-21 16:33:44 24.125 1,000,000 Buy* 23.00 24.50 241.25k O
23-Sep-21 16:29:41 24.00 1,000,000 Buy* 23.00 24.00 240.00k O
23-Sep-21 16:29:37 24.00 1,000,000 Buy* 23.00 24.00 240.00k O
2-Sep-21 11:17:14 22.0606 1,996,154 Sell* 23.00 23.50 440.36k O
22-Sep-21 11:09:21 23.2749 137,878 Buy* 22.50 23.50 32.09k O
22-Sep-21 11:15:48 23.40 215,000 Buy* 22.50 23.50 50.31k O
I bet they wished they had purchased more , there will be some serious shenanigans to gain stock on Monday ,
Financial feeding frenzy of stock chasing piranhas in anticipation of JORC incoming or even the deal conclusion .
Deals, JORC , Divis , & Kippers soaked in Rum all Round
Nice weekend all. I’m not spending it speculating on the share price next week as it’ll be wrong.
Good morning Eurasians.
Once again we find ourselves on the cusp of new week with anticipation….
Will the crew plead stand down and rest those wary bones until 8 0’clock bell when you will row till your arms feel like they will drop off … good luck all …
After that RNS & the plan all coming together,
Thought it was only fitting to devour the Saturday full English with palladium fighting irons ,
Quality RNS like multiple canon fire highlighting Biblical incoming ,
· The Directors have reduced the financing size to approximately $15m from the higher amount offered to Eurasia
( buyer at the table prepared to pay more than originally thought )
· The cash balance of Eurasia now is about $35m with no debt
( bags of lolly in the bank , just strengthens position )
· The financial position of the Company is sufficient to accomplish its commitments in relation to Rosgeo JV, where a JORC resource by Wardell Armstrong is to be announced shortly
( this is the atom bomb to propel the stock price unless deal lands )
Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased that more institutional investors have joined our shareholder base, as we reach another important milestone. We look forward to providing further updates".
( said it for months - ii queuing up for stock like a Whitby chippy on bank holiday as per the kippers in recent sessions )
Superb stock & company- superb BOD & superb board of investors
Rums all Round