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Penguinz - fair point - all legit issues
It has been a while, we are overdue for some news, or at least some consistency with the communication / time estimation.
As much as I still hold out for a positive outcome, right now things are a bit of a black box with a whole slate of issues
Penguinz - If i could choose to invest again at 7p, knowing this is the position we’d be sat in going into July, I’d have invested much more than i did. If you’ve invested more than you can afford to lose then that’s on you, i for one invest with the intention of it being an INVESTMENT. If your intention was to trade i suggest staying away from AIM. Let’s see how many people are moaning at the BOD once they finalise an MT deal or Company sale multiplying your money x fold.
I don't agree with that Ian. Yes we can blame the social media tweet. Was pure stupidity, I dunno what that guy was thinking. However if EUA had been able to clarify the involvement of citic, we would be out of suspension. What the tweet did is highlight an issue. EUA themselves told people they were working with citic before. It is now their problem which they have failed to resolve for 5 months.
As I said I do not think the company is malicious. I'm not trying to accuse them of wrongdoings. But I am disappointed that it is taking so long, little to no updates.
Delays are a negative. Coming so close to delisting is a negative. Originally quite a few people thought it was the no nomad reason to we continued to be suspended but it turns out that's not the case as we are still suspended after a month. It is natural that people should vent or complain after bad things. We can not pretend they are not bad things. As I've said in terms of official things, stated in the RNS since the suspension there is very little to be positive. People are listing things which are not fact/guarantee, there's no fact a deal is about to happen, "talks and negotiations" is not the same. The stuff I believe Alex posted is encouraging, but it's not official per RNS.
Any other aim company were suspended for 5 months, people would be complaining. EUA is no different, it's a share. Which is why I find it extremely strange people go and attack those who find this disappointing, they are well within their rights. EUA has potential for sure, but that doesn't make it so that anything negative that comes along can be flat out ignored or brushed to the side. It is extremely worrying the length of suspension and the constant delays, as was the trouble of finding a new nomad.
Very well said PenguinZ, my thoughts to a tee.
Not much positivity there Pingo. To a point I understand shareholder frustration but what I can't come to terms with is the constant clammer from some quarters for an update. My view is that every whining post/email/phone call only builds pressure on our company to complete or finalise any deal ASAP and strengthens the hand of any potential purchaser or partner. We all completed our due diligence prior to investing and have all had to sit tight for a period of time but now is a crucial stage and we must sit back, support our company, remind ourselves why we invested and trust our BOD to bring home the cabbage in due course. Patience, patience, patience.
tb
(Minor) Shareholders getting restless will have FA bearing on any discussions.
Matt/Penguin
The proof will ultimately be in the pudding. We are shut out from selling or buying which is the best way of showing support or lack of. Folk wanting out can’t, folk wanting in can’t, lol.
But for many of the jokers on here to belittle folk who are critical or negative makes me think they have an ulterior agenda, they are the ones who are desperate to sell after their rampathon.
Any sane investor here would be curious on many levels and would not just assume the positive (Where there is uncertainty) and always give the benefit of doubt in favour of the BoD. Like the idiots on here do.
Totally agree with this Aubery.
Hi, Penguinz,
You have highlighted some things and again drawn your own conclusion, first "as was the trouble of finding a new nomad" you are just guessing there was a problem, one resigned giving notice, which they would not have done if they were in any way unhappy with the company and just walked.
The new nomad did their due diligence but it took slightly longer than the company anticipated but was in place as they said on the due date.
The company never came close to delisting, if you walk up to the edge of a cliff you do not have to jump, same with this company, it was never going to delist, it was building new crew shelters and purchasing new trucks and plant, the fact the company used up all the available time to a deadline is not a reckless action at all, just good time management.
It is all in one's mindset if you think the company is doing wrong you will probably end up believing it, at the moment I think the original suspension just occurred at a convenient time and the company just kept it up, the COVID extensions are playing nicely into their hands and assisting, we know work is carrying on as normal, we have satellite imagery from A1ex to verify that and backup satellite imagery from Tony, we have flanks licenses, Tipil licenses, everything is slowly coming together and we are all, or should I say the positive holders are all thinking along similar lines that the company will release all this great information at the same time to reinforce the stock price and not let it fall.
Everyone is entitled to their opinion on how this is playing out and I have stated that some people now due to COVID and employment problems may need cash urgently, that is not mine or the company's fault as everyone is accountable for their own financial planning and should have planned accordingly if we listen to Matt he has sought a business loan since being short of cash and gambled it on more AIM stock, he appears to have got off lightly and not lost, but I don't think any bank would concur with his reckless actions and is extremely likely to be against the terms and conditions of the loan!
You have your view and I have mine, we will see who is right in the future.
Have a good evening Penguinz, and good luck..
Aubrey, why would a LTH holder who recognised the potential of this share and has been investing here for some years want to desperately sell out as you implied? Do tell as one of the idiots on this board I would be delighted to hear you enlighten me?
Ab... We'll have to agree to disagree. First of all we have no idea of the holding of shareholders posting or contacting EUA. Secondly, in my opinion, any negotiator would use any negative at their disposal to strengthen their hand, however minor.... every little helps.