Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Stix
Do one you absolutely tonsil. Always whining ?! I don't think so I'm one of the biggest supporters of eua and have been more than patient waiting and waiting. Always some kn ob with your response telling others to sell.
Any chance of the firms involved in negotiating the Newcastle UTD takeover giving EUA a hand with negotiations. This has dragged on now for what is becoming too long it's painful.
Ps I joke of course , but it has been dragging on
Downtothebone
I think that list pretty much says everything anyone and everyone needs to know. Alot of these parties have been involved 12 months + now. I think if this was a scam we would know about it by now hey. The old this is a scam scare mongers are on their last breaths
Equilibrium take a chill pill man. This daily share price movement has absolutely no bearing on the end game. You clearly have no understanding of what you're invested in at all. If you did you wouldn't be fased by these silly daily movements.
Wigman yes exactly this. The company already said well in advance that this is only reason that they would do another placing. The payment for licence transfer is due and the resources are larger than they first anticipated hence then need for a further raise. Not for running costs , not to pay staff but for a much larger amount of resources than first thought. If that isn't increasing company value then I don't know what is. This current sp is an absolute joke. The drop over the last week is an even bigger joke. Just look at the info that is out there in the public domain, acf report for one, historic drilling done by a number of different companies all point towards these resources being huge.
So unless all of these companies are lieing, and some of this work done 10,20,30 years ago before eua even owned some of these licenses which the paid derampers on here will try have you believe. I just wish I had more funds to top up but used the last of them topping up at 30p recently but not worried in the slightest as the true value of eua is about to be brought the forefront so there can be no debating it anymore. So if you're not careful and try being clever trading this then you run the very increasingly realistic risk of being locked out for good .
Instead of thinking about selling and worrying see it as a gift to top up if your finances allow. Or just don't do anything a ride out days like today because you certainly do not want to risk trying to be clever selling at what you think is a high and then the tsunami of imminent news lands before the sale. Its not worth taking the risk
What we all need to understand about today's raise is that the BOD haven't just raised $15mil for no reason or because the company was desperate for cash. They already had $20mil in the bank.
They had this option of a further raise after the $20mil raise should they need it, if the JV resources were more than anticipated. Remember the estimate was 104moz over the JV areas. So my thoughts on today's raise.
1. There's a hell of alot more resources in these jv licenses that they first thought. They've raised 75% more cash than they initially thought they would need with a further $15mil raised ontop of the $20mil. So is it fair to assume that potentially there could 75% more resources over the JV areas than first thought?. We will soon find out.
2. The II that has bought in at 26p $15mil worth wanted to buy more but EUA have said "no we only need $15mil". Remember this institution will more than likely be privy to a hell of alot more Information than the likes of me and you. So they've seen the returns on their investment and wanted more of the pie but were told no. So if they've bought in at 26p you'd like to think the final sale price is going to be a hell of alot more than that.
3. The fact eua have used a raise to buy more of the JV may jusy suggest this is going to be a full company sale rather than asset sale. Other side why not just sell the certain assets then use the proceeds from an asset sale to aquire more of the JV licenses. Either way its looking more like a full sale or very close to a full sale and it's going to be a biggy! . And I don't think it's as far off as people think. Jusy because a raise has been done doesn't mean a sale is now put back or a long way off its just thr company putting more of the peices in place and keeping us in the drivers seat.
So the company do what they said they would do and release the mining plan which details a 70% increase in production. YES A 70% INCREASE!. And this is as it stand does not even include flanks or JV. And this warrants a 10% fall in price how exactly ?
I think some people invested here selling on the back of todays RNS really should not be Investing at all , or they need to learn to read a god dam RNS and what the information they're being told actually means. There is going to be some very foolish PIs kicking themselves very soon as I wouldnt rule out further news landing rather quickly.
It isn't a 70% resource increase as I've seen being mentioned on here. It's a 70% production increase. There's There's difference. However still extremely positive in its own right and a very good RNS with more to come for the flanks and JV areas.
Amnesia
I expect them to rns it or they wouldn't habe said within 2 weeks. They more than likely already have the plan or at least know well in advance what it contains. I'm sure there is nothing in the plan that the company isn't already well aware of .
As for the plan itself I expect it to tell us alot more about certain resources etc so yes quite alot.
So there's 3 trading days left where price busting news is potentially going to land if you do not include next Wednesday. That means a 33.3%chance of it coming tomorrow. However If we don't get this news by close of play tomorrow then that leaves a 66 % chance of it landing on Monday. I would not want to be left hanging over the weekend on those odds. If you're not in by tomorrow ,Monday latest then you'll be priced out.
Sp28
Exactly!. Why run the risk trading for a 5% here or 10% there?. Just sit back for a week or two and wait for a big %rise. Much easier to sit back relax and let the company do their thing rather than kicking yourself in a week or two thinking about what you could of had.
Potentially only 3 and half trading days for very big news to land. And then a domino effect of news before sale. Do you really want to risk selling and being out of this before then. The board gave us a clear as day statement of within 2 weeks. If they didn't intend to release news within that 2 weeks they would of chose the usual wording of shortly or similar. They decided to use within 2 weeks for very good reason. And if they don't release news within that time it won't do the credibility very good I woukdnt have thought
So only 4 and a bit trading days before the "WITHIN TWO WEEKS" , as stated by the company comes to an end. I have a feeling we will get a RNS after hours tomorrow to give the weekend for everyone to digest, as the company have done a few times previously on big news that needs some thorough digesting.
I would seriously not want to be risking messing around now and selling hoping to get back in lower. Just sit back and relax and this share price will take care of it self over the coming weeks.