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If you're selling now because of a 10-15% rise you're going to be kicking yourself very soon. Have a word with yourself. We've waited this long and cone this far why sell now for a small increase when the big one is incoming.
Gecko
I think they started the JORC process alot sooner than we think and will be released probably very soon after any asset sale news what ever that entails, which I believe is extremely close now. JORC on nyud will be released before actual special dividend is paid out to keep the sp up once dividend paid.
Thats my thoughts anyway
People need to see that rns for what it is ...A TRADING UPDATE UP UNTIL JUNE!
Alot has happened since June and AZ has said IM is happening in September.
In no way was the RNS negative what so ever if anything it shows we are finally moving. Get your expectations in check and read an RNS properly and understand it before panicking and spreading doom and gloom ffs !
Some of you scaremongers need to get a grip. No where does today's RNS state that any other news is months away. I think some of you need to learn to read and understand what is in the RNSs. Today's news was nothing negative what so ever. The company pretty saying there's 104moz (miminum) .
As of yet the only resources priced into out sp is the 1.9moz at Mt . Do the maths 1.9moz to over 104moz that will be some increase
https://twitter.com/eurasiamining/status/1429811630888689673?s=28
People's thoughts on what the next peice of news will be. As far as I am aware it will be one of the 3 things. But then we all know how the board like to pull something completely from left field and surprise us,
1. Nyud license transfer. I think the max date this will take us to is end of Sept. 140 days from application. Thays max time so could come sooner. ?
2. Some kind of resource update at MT , possibly JORC.?
3. Big one....news of deal done and signed and assests sold.
Is there anything else anyone thinks could also come on top of those things?.
I personally think we are possibly waiting for JORC to be complete on MT before the deal can be finalised.
I've been in EUA for approximately 13/14 months now. Not a long time compared to some. Unfortunately I made the decision to top up and increase my holding x3 whilst the SP was 37/39p so I've spent the majority of that time massively in the red. I've also added bits where I can all the way down the 20ps thinking surely this must be the bottom and thinking I've got a bargain only for the sp to continue to fall to where we are now. Yes it's been tough psychologically continually seeing your investment In the red and continually getting deeper and deeper in the red. Friends and work colleagues also Invested off the back of what I believed way back then and what I was telling them.
What I believed way back then was that the company was going through a sales process for a full company take over. Pretty clear cut you may say! . It was just a case of being patient and waiting for that big news to land that they've accepted an offer.
However that never happened, the company came out of the FSP releasing some rather cryptic RNSs which left many more questions than answers. Answers that still have not been given up until this point.
That being said I continue to hold and keep the faith remembering the fundamentals of what EUA has going for it. With the help of the telegram group where there are some excellent knowledgeable researchers and some people on this board it's helped me keep the faith. The main thing for me that I always try and remember is that the management of EUA are the biggest shareholders of us all. If for what ever reason this goes down the pan (which by the way I can't see any reason why it will as we are pretty much in a no lose situation, sell assets or mine ourselves, or JV ) then the management lose big time and I don't think they will allow that to happen.
I think we are craving some kind of update as to what the actually plan going forward is, maybe some kind of resource upgrade so we have more knowledge as to what we are actually invested in. I don't like being in the dark as much as the next person , but surely the company can not keep us in the dark indefinitely. So keep the faith and I'm sure this will all have been worth the wait.
As the great Warren Buffet says " The stock market is a platform to transfer money from the Impatient to the patient",.
It's a shame that non of the positive news we've had over the last 12 months has had an effect on the sp as under normal circumstances in other companies it would have done. But for some reason the mentality of the market for EUA is that the only thing that matters is news of a sale and any other positive news apart sale news just seems to drive the price down simply because its not news of a sale. It shouldn't be that way and people need to look at the bigger picture.
That being said some kind of update on resources or this elusive sale would not go amiss now please.