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Just back from getting my hair cut,
Hi, HawkesBay, yes I've got you down for the 29/10/20, good luck.
the ginger unit ! we all have our pet peeves but fomo seems to grind your gears to a slightly disproportionate level ! Would it helped if we called it " hatred of missing out " ? :)
Oh yes ginger, every stage has had the same noise. Top slice, this is only worth X amount, this is a con (never any credible info given), this will go back to X sp, this is doom and gloom because me say so with my limited intellect and knowledge blah blah blah. Same lame script they use over and over again lol.
Green boxes are just children stumbling around lost in the dark.
GLA
I just want to point out that us LTHs have been told by shorters, bashers and idiots AT EVERY STAGE that EUA isn't worth so much, there won't be a deal, we've "done our money", we'll just get a small premium on the price at x, then at y, then at z...........
Meantime, we've gone from less than 1p to 3p, to 7p, to 17p, to 30p. We were right to ignore them at 1p, 3p, 7p, 17p and I feel confident we're right to ignore them now too.
look dude with this " enterprise" all ya need is .......
https://www.youtube.com/watch?v=-inVvjyE7Fg
Excellent summing up as always Ian. My hands are quite warm after months of sitting on them.
Can't be long now. Listening intently for shouts of land ahoy from the crows nest. :)
My take on the current situation is this:-
The long-termers have sussed a long time ago that this is a great stock to hold and hold on very tightly!
When news does fall, like in the past, we have seen people rushing to buy-in, there is limited stock and so the price rises quickly.
When there is no news the price dwindles down with the newcomers losing interest and the odd rainbow chaser cashing out for the next best thing!
You say, if we think the company will be sold for X why isn't the share price reflecting what we all see as the future potential value .. NOW?
Why should it? the share price reflects the current assumed value + the unknowns!
If and when that sold RNS does come, the share price will instantly reflect that added value, minus - the unknowns, as they are now known, and everything is out in the open!
Do not for one moment think the current share price reflects the true future sold value, it does not!
The MM's are not bothered either way, only making their cut on the spread.
If lots of new punters buy in the price will go up, if lots of punters sell out it will go down, the long-termers don't have unlimited funds to keep topping up and so this stock needs new blood to keep buying in to raise the share price, and if they don't it will fall back.
What we all need is some NEWS!
Good luck everyone.
Ian
Off out for a hair cut in the real term!
It’s been a rocky road to here but look back at the 12 month SP chart and that provides some assurance. A few weeks ago the floor was around 17p, now it seems to be around 30p so you could say it’s been allowed to run to an extent but I think the market struggles to actually put a value on Eurasia and it’s assets, and on top of that factor in the FSP. Ultimately the sale price is what matters and I get that but it’s a buzz when the SP rockets to news 52 week highs.....or 20 year highs as we are now
DS is talking to the buyers agents probably right now. And has been for the last few weeks. He extremely busy to get everything in order for us. It’s a extremely stressful process. But remember this guy is a professional businessman.
Shezer - I think it’s more a matter of patience to be honest. Last couple of week people will have been chasing rainbows with OMI & UFO, which is still tempting as there’s a few quid to be made trading the swings. An inkling of good news and everything will change in a minute. A few months ago the SP saw a 20% rise on a Friday afternoon from 2pm on nothing, and just like that everyone wants in again.
Happy birthday then guitarman, going anywhere nice?
Hands up, got the RNS wrong this morning lol...
Must not be many people left for FOMO, most will already be in by now and will just be waiting for the conclusion.
Topping up on any dips is possibly what i would be doing if i was a newcomer. Tbh i think the ii's have us where we are with putting buy orders through in the background around this level. Probably more short positions to close around here as well, i wouldn't be surprised to see another 8.5 today tbh.
GLA
Think so too - re: FOMO - hence just topped up another over 10.7k shares @29.65. This will be over 30p soon
fomo for me is only really a weekend thing! right or wrong monday morning rns are believed to be common ! ergo fomo !
Quite a subdued board this morning, is it the calm before the storm , looks to me that those in the know are not expecting news today.
mmmm possibly ! these things do have a tendency to find a natural equilibrium though! I mean if this spiked to 42p on no news shorts would open, top slices would happen and buys would dry up !! I agree they would like a stable sp trouble is this is so tightly wound literally anything can set it off lol The big balancing factor is the almost binary fact that a sale will see a huge sp rise and a no sale a large drop !! Underpinned obviously by eur being ready and willing to mine themselves obviously.
For me the ACF report benchmarked the sale price prior to MT flanks approval and I think the absolute minimum will be 54p, although I’m greatly optimistic it will be more. How much more is the thing I really struggle to put my finger on as ££‘S wouldn’t surprise me.
Many are wise to the usual timings later afternoon 3pm ish my guess is a quick spike down into the 28s then a rise up to 33p before close ! Just a guess/opinion so the anally retentive don't blow a gasket please.