Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I did just type a lengthy reply but it's not showing and I can't be bothered re-typing it. Can we just move on? I don't want to spend my time defending myself when I genuinely came here for a discussion about future events, not some of my own poorly thought out historical comments. You can't just make an effort to shut someone down purely because their opinion differs from your own. This is the last comment I'll make. What a waste of time..
Calm down... I'm most definitely a small time PI! If you've looked back through my chat history you'll see some very naive comments from someone who was/is still inexperienced. It's actually a bit difficult to read! From what I remember the PRD comment was in relation to "MM games". I'm still invested here and you lot really should stop jumping to conclusions. This is the reason there is so much nonsense chatter on here. I want whatever outcome is most profitable, just like the rest of you.
Good question. I suppose it's because things are getting interesting and I hope I can contribute something.
Actually, I think the hype clouded my judgment somewhat. Initially, this was purely a trade for me, and I didn't expect to even be holding shares at this point, so now I find myself in the position of wanting to have a bit more engagement with folks who are also considering possible outcomes.
Clearly blocking further dilution is of benefit to my current shareholding, but if it does get blocked, what other routes to RTO are there? The options are:
1. Further equity issues and dilution, but the RTO can move forward.
2. Blocked equity issues and no RTO.
Which is better for existing PSL shareholders? This isn't rhetorical by the way. Would PSL shareholders see any upside at all if option 1 goes ahead?
Agreed. I've been following, but not posting, so I'm not jumping in pretending to know everything.
It's more of a reminder to us all to keep a level head and be realistic about who the true beneficiaries of this potential RTO will be. Until now, the drawbacks have not really been highlighted.
The PSL website says that Jonathan Freeman holds 73,659,661 shares and that all the top 10 holders are nominees. 2.03% is not in public hands. We could consider AG to be an institutional investor, which would up that number to about 16%. It seems the website is due for an update.
You mention Antos having a vested interest in existing PSL equity because he bought 21%... did you see what happened to WDC recently?
Is Ace wrong though?
I think his concern that PSL does not have enough cash (despite recent placings) to acquire any of the private names being thrown around, is quite valid.
PSL will have to issue equity in order to swap it for equity in the private firm and complete the RTO. Even though I'm invested, I no longer see such an upside, due to the potential for horrendous dilutionary fundraising.
Antos G cares about getting his private company public, with minimal expense and effort, but his concern is not how to benefit current PSL shareholders. He will use his leverage to try and get resolutions passed which are to his benefit. If an RTO does go through, the current PSL board will be replaced, so naturally, it makes sense for them to use the hype to their advantage, prior to their departure. They also will not have small PIs' interests in mind anymore (looking at the share price history, it seems they never did...).
It'll be an interesting week. I think I'll strongly consider exiting if there is any rise this week. The hype phase from early March seems dead now, although I hope to be proved wrong.
We clearly are all still on board with the EUZ story, and are all searching for reasons to avoid jumping ship, so in this situation, shouldn't we all be buying stock? Is the value of EUZ declining fundamentally, or is it simply more of a bargain?
I don't disagree with you regarding the quality of management. They might go some way to redeeming themselves if they cough up and buy some shares. This has been a big red flag for me for a while, but I foolishly ignored it.
No, I would not get away with losing 50% of my company's net worth. However, the only value that's been affected is the market value in this case. This isn't the same as what the company is actually worth. Currently they've got a bunch of metal in the ground and a little cash. If anything, the mcap still has them overvalued as they aren't even a business yet. What this ride has taught me is that my understanding of mining is far below where it needs to be to justify buying mining stocks.
We all need to be humble and move on.
Are people here actually blaming someone else for their misfortune? Take responsibility. How many tiny mining wonder-stocks actually make it? Hardly any. Investing isn't a get rich quick scheme and if you thought EUZ would offer you that opportunity, then you are a fool. Too many here clearly put in more money than they could afford to lose.
JW is savvy and clearly puts in the time to research stocks. Just because he sticks to his strategy of buying before the hype drives the price up, and selling when he doubles his money, doesn't mean he's insider dealing or ramping etc. He talks publicly about his investment decisions and he also advises you do your own research. If you all made a ton of money you wouldn't be complaining would you?
I lost money on EUZ too for what it's worth. Initially I profited when I bought at 0.08 and sold at 0.15, but took a risk and bought back in, thinking it would maintain momentum. It didn't. There is no harm in waiting. Wait until after the news you want to see comes out (if it even comes out at all). It's better to miss profits than it is to take losses. I've got a small stake now, just in case. But if it goes to zero, I don't care.
I agree that LR has done a poor job of managing shareholder's expectations. Over time however, if it's meant to be, the scales will tip back in our favor. Mining projects take time...a long time. We've all hopefully learned a lesson from this, and I hope EUZ management have too.
Also, don't forget the macro picture. Brexit, tariffs, trade wars... What stock isn't going down these days? If you're going to point fingers at anyone, it's our nitwit of a PM and the nitwits who voted to leave the EU. Hindsight perhaps, but whatever. Chill out.
This sort of speculation is a waste of time. It'll be released when it's ready. I still check the news and charts daily, as the anticipation is somewhat exciting, but it's also maddening.
One thing is certain in my opinion - along with his credibility, LR is running out of time. It needs to be released before Xmas or his reputation (and the share price) will be hit hard.
How many of these tiny nano-cap stocks actually make it? Hardly any. The odds are very much stacked against EUZ. EUZ might have what appears to be a low mcap, but it can always go lower. What's more is that there is plenty of stock in public hands. Where is the insider ownership to give us confidence?
If the SS is anything other than a sparkling unicorn farting rainbows and flying on a magic carpet, the market will not react positively IMO. The hype injected into this stock is such that it's now a very fragile, binary play.
I am holding fwiw.
My thoughts too; this is always a possibility for a tiny company. It's the main way they progress. I got too greedy and despite having an almost 200% gain two days ago, and my instinct telling me to sell, held for more and I'm now at "only" 95% profit.
The facts:
- Good story
- High percentage of stock held by the CEO
- No bad news
- No real good news either
- Very fast unsustainable rise. It was always going to drop. Let's hope it finds a second wind. People should stop saying "xp by close" and such, because it's misleading and unfounded.
If the story checks out, there's no doubt it's undervalued. By how much? We don't know. When will it be realised? We don't know. Will it even be realised? We don't know. Do your research. Don't over expose yourself. Have patience.
Normally I'd have been scared into selling yesterday, and most definitely today, but I'm going to take a different approach and ride it out for a few months.