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Well done to all those that held today, keep the faith in the process and look at the end game. Markets have taken a serious beating today and imo this share has held up well. Another day closer to the reward and another few grey hairs!!
Gla
Sunshine - ‘ DYOR peep and do not listen to any rampers, you are guaranteed in the long run to lose money.’
We had people like you saying the exact same thing at 2.8..
In fact w will remember it was far worse!!
Moneymaker..haves 3 in my portfolio showing +220% at the moment.. with lots of potential
But have, like you over 20 in my watch list....never a dull moment matey
Good luck to you my friend....pompey
Thanks for that Pompey :-)
Success-fee based is how it always was, don't think anything has changed Pompey? You almost made it sound like they were working on a fixed fee basis now which would be a bit different I imagine that is what Giles was wondering?
Hi Giles..this from Mac’s post earlier
"In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019."
Hope that helps
Thank you Mac
Hi Pompey, have I missed something? Are CITIC and UBS now on an agreed fee with us?
Best wishes
Comparing O&G companies to EUA isn't really useful. O&G exploration looking for potential resources compared to our approved resources (russian cadastre, RNSs etc.). SOU was a ramp fest based on hot air but I think most knew that and sold out between the 80-90p range before the 7 month drop to 2p lol. HUR I think most would have sold out too. Difference here is that BOD have been explicit in their intention to sell. So explicit in fact that FSP is well underway. This did not happen on SOU and HUR. I remember the SOU deal was so poor because the drills failed to find the hyped gas. EUA actually have the metal and as per the latest presentation have actually increased the resources in the licence area. That is a world apart from O&G exploration. Having actual resources rather than hoping that we find potential resources is why I am here.
Each to their own. DYOR.
GLA
Pompey, I couldn’t even real half of them off the top of my head haha. I’ve had to resort to using the green pin on here, just so I remember where my money is without having to log in to my trade account every day. 20 is just the AIM, there’s others on different markets too.
Yes Dark exactly that. Mitigating risks is the main reason for the above. As much as I’d love to throw it all in EUA or somewhere else, the risk is unnecessary, just incase things don’t go to plan.
Moneymaker please excuse my lighthearted flippancy..you are of course quite right.
DYOR is a must . Not only does it reduce the risk somewhat but I find it quite absorbing at times
well into the early hours without realising the time. Good job I’m an oap .
Just a point Mac made earlier ref movement from no fee etc Rns Nov 19 . to agreed fee now
That says a lot to me ...any thoughts? Cheers matey pompey
RR,
Hmm, don't think I'm saying that...
... exactly
MM,
Obviously 50% is made up, but it does no harm to consider that possibility even if you don't think its going to happen. You are presumably diversified to mitigate that risk, otherwise you'd put all your cash in the share you thought would do the best?
Moneymaker..20 AIM shares...what company would they be in then...common give :-))
I’m not saying you’re wrong, but a 50% chance is quite a figure to throw around. I’ve never lost money on the AIM and even now currently have circa 20 AIM shares, none of which look like they’ll lose me money anytime soon.
Patience is a difficult topic. Realistically, the only way you’re going to make big money is with having patience and a lot of it at that. On the flip side, I agree, if a share price is falling, being patient could lose you money.
You hit the nail on the head in your last paragraph though. ‘hopeful of a decent outcome, but I'm by no means certain of it’. This is all you can be with any share, from the second you hit “buy”.
Like you say, never buy or sell shares because people on here say the share price is going up or down. All you can do is make your own informed decision about what a company is likely to be valued at long term, then hope everything goes to plan.
Sunshine,
I don't know why ppl keep banging on about patience. If the price goes down Patience will make you lose money
I remember when the HUR board was just like this one, everyone talking about how different HUR was to SOU (the then lame duck) and all saying keep holding and you'll be rewarded
My takeaways:
Never invest in a share because you trust anyone: particularly BODs
Don't listen to anyone who says it will go up or it will go down. It might do either
Always assume with AIM there is at least a 50% chance you will lose your entire stake in any AIM company, statistically there is a much higher chance
That said I have sizeable investment here, am hopeful of a decent outcome, but I'm by no means certain of it...
Nothing to do with the companies? Are you for real?
You've been through it because you're a terrible investor, not because of anyone else.
Go find a slot machine in a pub somewhere, that's where you'll thrive.
Keep away from shares sunshine2. You obviously don't have the stomach for it.
Sunshine you chat so much rubbish it's unreal,
How on earth can you compare HUR to EUA?
Sunshine will prop examples up but won't give you the explanation behind it, if he did, he would have told you that a lot of Hurricane's momentum built up upon Warwick Deep being a commercially viable well and Lancaster and Lincoln not encountering problems.
Warwick Deep was abandoned, Lancaster and Lincoln have had constant distruption for a very long time now, combine that with the lack of demand for oil and dropping oil prices, what else did you expect?
Sunshine what happened to these stocks was bad but doesnt mean itll happen here. Take my advice earlier and invest in defensive stocks in the 350 or just stop investing if you keep on getting burned. You can't just label every share the same because of your own bad experiences. Maybe have a look at yourself and why you've been stung so many times rather than trying to spread fear into others. Buffett would have a thing to say about your anti-patience advice I think!
Your moniker doesn't suit your disposition. I suggest you sell up the two shares you constantly moan about, ie. this one and Hurricane, and find something that cheers you up a bit.
"No more aim ever. Xcite, baobab, bowleven, sound and now hur. In common to all of them is corruption at the core in BOD earning millions, shorters waiting on the wings to destroy these companies. I estimate about 300k lost to these fkers. Last iron in the fire is EUA and I am watching the shorters death roll unfold. Funny thing is they are the best company with the best BOD and best assets. Sounds very familiar. My advice to anyone who reads this post is stay well away from AIM"
Changed your mind with regards EUA? Or just terribly angry?
My holding is at an average of just under 17p and I am ignoring the noise and MM games. As I have mentioned previously I am holding till the end as I believe in the company, the BOD and the well-undervalued fundamentals.
In fact, if the price remains suppressed I will buy some more on Monday when I get paid.
All I will say is hold tight, the last 2 RNS are jst bomb and this will rerate 4 plus x minimum on a deal announcement. SYME just released an absolute mother of RNS this morning and instead of min 200% it is 20% up. Total joke the markets are so patience pays, just as it did with suspension here. Hold tight.
If you didn’t sell at 25/26/27/28p then why would anyone sell now, just nervous PI imo. I am more confident after fridays update that this will be a multi billion $ deal. Maybe 5 or 6 weeks more then it’s £1 party for all of us that held on these down days