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. 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.
Volumn is drying up due to head room, once we are passed previous high of 3.69, then 4 pm would be seen as the next challenging resistance level, That is roughly around 10% increase from here, which is still a good trading target, however as we get closer to 4p there is less head room to trade, but at the same time more confidence to hold & less people wanting to get back in for a fraction of the price. The closer we get the more confidence their will be that 4p+ is now achievable, traders will question, is it worth the risk of missing out. After pushing past 3.35ish resistance & found good support around their too, confidence has also increased that the likelihood is we won't fall lower. Add the fundamental that the remaining warrants expire end of play yesterday it would seem that a morning RNS would give us a much appreciated push in the right direction, could be an awesome day ahead or at the very least another positive step closer to 4p in my opinion.
best i got easy
Eurasia Mining holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at 3.10 and 2.60
Still enjoying the ride, was thinking of selling 4p now have sell if goes below 3p though.
Trading.
Interesting on the RSI, any divergence signals of interest ?
Cheers
There are more warrants... read the last RNS... The latest batch to be admitted on the 22nd
Eurasia is pleased to announce that it has received notice to exercise warrants over 9,166,666 ordinary shares of 0.1 pence in the Company at an exercise price of 0.6 pence (the "Warrant Shares"). The consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of £55,000.
Application will be made for the Warrant Shares to be admitted to trading on AIM, and dealings are expected to commence on or around 22 November 2019 ("Admission"). These shares will rank pari passu with the ordinary shares of the Company in issue.
A buy signal was issued from a pivot bottom point on Friday November 15, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
RSI14 is 53 and the stock is currently not being overbought or oversold
Hopefully get an rns tomorrow saying that is it no more warrants folks
Eurasia is pleased to announce that it has received notice to exercise warrants over 1,666,668 ordinary shares of 0.1 pence in the Company at an exercise price of 0.6 pence (the "Warrant Shares"). The consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of £7,000.
In addition, the Company announces it has received notice to exercise options over 11,000,000 ordinary shares of 0.1 pence in the Company at an exercise price of 0.6 pence per share (the "Option Shares"). The consideration for the exercise of the Option Shares amounts, in aggregate, to a cash value of £64,200. These options were exercised by employees and ex-employees of the Company, not holding positions as directors of the Company, PDMRs or advisors to the board.
Accelerator Clause
Furthermore, the Company wishes to advise that the accelerator clause governing warrants associated with the May 2018 placing undertaken with clients of the Company's broker First Equity Limited (See RNS dated 10 May 2018) has now been triggered by the Company. A one-for-one warrant valid to May 2020 was subject to an accelerator clause whereby if the VWAP of the Company's share price is sustained at greater than 1.8p for ten consecutive days the Company may choose to force execution of the warrants. Tuesday 12th November was the 10th consecutive day satisfying this condition and notice was duly given to warrant holders. Warrants for which notice of execution is not given within 5 business days from the date of notice will be forfeited. The total number of outstanding warrants subject to the clause is 23,349,998, which represents a cash value of £148,600.
Christian Schaffalitzky, Chairman added: "The Directors are happy to exercise our right to remove the remaining warrant overhang that has been a concern to some of our shareholders."
I did wonder about the volume. I was looking at the EUA share price page that was saying 591 trades with almost 26m sells and 24m buys. If 4p is reached that may trigger a lot of sells and pull the price back down again. If the traded volume remains high tomorrow then maybe we'll get a lower volume on Thursday, as the 2 low volume days had another day between them. It does look like the shares are starting to find buyers who want to hold rather than trade.
The volume of shares traded really took off 18 trading days ago on 24th of October. In the last 18 days there have been 2 days that have gad trading volumes of below 100 million shares. Wednesday 13th and Friday 15th of November had around 92m shares traded. Today the volume was below 50m, so perhaps the number of willing sellers are drying up.
Hopefully the MM will attempt to drop the price initially to shake weak holders as they usually do. If they raise the price again I'm hoping for fewer sellers tomorrow and testing the 4p level.