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Hindsight is a wonderful thing. Plenty could have invested that money and had less to buy back in. Or may have bought back in on a rise a month or so ago.
Criticising investment decisions with hindsight is pointless. If any of us always got these things right we wouldn’t be on this board, we would be on some lovely private island enjoying the profits.
Whilst hoping for an RNS I am not convinced that Monday has ever been a hard deadline.
Unfortunately some appear to by over enthusiastic about that date and as has happened before if there is no RNS in the desired terms by then a retrace is possible or probably most likely. (Only relevant if trading or losing confidence).
It may simply be a coincidence with the date of the conference and is waiting for news.
Not that long to wait to find out I guess and hopefully we get something tonight to make the weekend that much more fun.
As I said elsewhere the conference appearance will have been arranged weeks if not months ago. Whilst possibly hoping for more news before it the board will have known that it was possible they would not be able to provide an update.
It’s not a theory Mac. It’s just me trying to rationalise a situation where all 4 are booked in for a conference which must have been arranged a little time ago and when there was probably never a guarantee of news being received in advance.
They must have thought there was something to talk about when they booked it, and they will have known better than anyone where the company would be by that point.
If there is an RNS then fantastic. However it is possible than none arrives and they are speaking about how their partnership with Rosego came about etc. Essentially hope for the best but if it doesn’t materialise in that timescale it doesn’t worry me or bother me. Things rarely work out at the last minute just because you want them to.
Potentially they could discuss the rosego JV and nothing else?
If they had something to release to the market they would have done so. A conference like this was probably planned months ago. They may have wanted to be able to say more but if they can’t, then they can’t.
If they did use the conference as a deadline for the potential buyer then unless we see an rns today it wouldn’t appear to be great news.
Whilst I remain positive on the final destination I find myself somewhat underwhelmed by the RNS.
Perhaps it is just that others announced this news in advance so it is merely confirming the known, or possibly I was hoping for a more significant update such as JORC etc. Hopefully that follows soon.
Pleased that the mood generally is positive and that the board continue to perform, just not expecting fireworks today as a result of that RNS. (Hopefully I am wrong).
The credible bidder was before the JV was announced. So JORC on JV assets wouldn’t impact on their DD assuming their proposal doesn’t include assets EUA didn’t have at the time of their interest…
Personally this feels like a good update but also an acknowledgment that the road is ongoing. So longer for investors to wait before finding out the solutions and dividends / sale price. Potentially means losing some rainbow chasers and fairly uncertain how the share price will react in the near future.
I see it as a good sign that the credible party was allowed to hang around for 5 months, that they chose to do so, and that there is potentially better interest as well. All looking great longer term.
I thought this morning’s RNS was good, with one issue insofar as the share price goes: no specific timeframe.
We have seen again and again the price drop when there is no specified timescale for updates and news, regardless of how positive the RNS is. People selling to go rainbow chasing and fully expecting to have time to buy back later.
I still trust the board and still hold, frustrated at the price movement today, but I think understandable given how the share has progressed.
Some PIs may have sold. Those not invested in the EUA journey may have made good money trading last few days.
For those who bought at 30s last time round and have been sitting on paper losses the chance to exit with even a small profit may have been tempting.
I remain positive and hoping for a great conclusion soon.
If the rise, which started yesterday, was a ramp... it was a hopeless one. I read about EUA and follow this and other forums. There didn't appear, to me, to be anything unusually positive or rampy over the bank holiday weekend.
As to the criticism of the BOD... load of B******ks. As has been demonstrated time and time again, they not only live up to their promises but exceed expectations.
Price may drop a little whilst we wait on more news, but far happier being at this level than down at 14.5. I am not planning to sell any time soon, so yes price doesn't matter etc etc, but it impacts on how positively investments can be viewed, demonstrates sentiment and that is truly back for EUA.
Just reread a post I sent yesterday:
“ RE: Re: Game 1 - Guess the date of the next major RNS:-31 Aug 2021 15:14
I am hoping that the next RNS is:
"The Board note the sudden rise in the Share Price with approval. There are plenty of reasons to justify this, and plenty of scope for the price to rise further. Yaaaar"
... can only hope.”
Think I got the content pretty much spot on!
I am hoping that the next RNS is:
"The Board note the sudden rise in the Share Price with approval. There are plenty of reasons to justify this, and plenty of scope for the price to rise further. Yaaaar"
... can only hope.