You will find most of the de-rampers here are down bigstyle, they will deramp deramp deramp with brand new accounts too.
The smart money haven’t sold anything and those left needing the stock are trying desperately, but somewhat valiantly.
Could this be sub 2p this week? That’s the common question certain posters seem to have. Well, although it’s very unlikely if it goes below 2.5p I for one will throw a considerable sum at it, as I am sure others will too.
If the deal does not go through I will also rejoice for in the longer term Eurasia shareholders will actually profit even greater. If the sp does go down or “tanks”, so be it- I will absolutely punish the dip to buy even more shares. Because in 2020, $1900/oz for Pd will be looong gone.
But unfortunately, the evidence suggests that
- negotiations are progressing well
- price of Pd constantly hitting highs
- our recent Monchetundra rns shows us we have 15-40moz reserves in the area
- the new NED, along with the rest of the dream team BoD couldn’t be more perfect to execute this deal
- big players in the industry have raised interest and capital to invest in such ventures as ours
- EUA already have strategic options for what to do next
- Banks are still working for free, based on a success fee basis
- our basket is getting more expensive by the week, meaning our price will go up the long this takes.
No deal? A baby drop in Sp? Perhaps. Where will the sp be 3 months after that? How about 12.. or 24? How many billions have the recent mines gone for?
12.75p broker note is ok. This will go for far more than that. So I wouldn’t worry about making a new account to post a strong sell opinion. The time is ticking until The One rns lands
Amers, it’s not polite to accuse holders who have contributed to this board like that.
You say you don’t post here often but it’s mainly to Bunsenburner, Chris, lamtree, Aston, Kalan, cindy, jimjam. I am sure you wouldn’t like it if somebody realised that and started to accuse you of being associated with these people who just want to clog the board, so that health discussion is hidden between jibberish?
Was wondering who the last green box was. Ignore KA lan, was one of the first on my filter list. always negative and deramps, with the audacity to call people using facts and figures about the company "resident rampers".
Guarantee hes not even invested in EUA still can't help but give his o so wise opinion, which was normally off by a mile. good to see the page has finally cleared up. interesting about the volume today. shows people holding on to their stock tightly, mm's will have to try do a better job raising the sp to see any action.
Meanwhile, we are sitting on 2moz, almost 15moz, potentially 40moz of Pd. Ever on the rise. It's not about what he SP is right now, it is about how much the buyer is willing to pay for Palladium. Not many of these mines around, and none up for sale like this. As dmitry said, manufacturers desperately need this as it respresents a small cost in the overall cost of their goods - and without it they cannot produce their goods. SP could be 0.1p right now, wouldn't take away from the value of Pd in the ground.
The BoD aren't going to let this go for cheap. And, as per the jam packed RNS' with useful information earlier, EUA are set up for a good run in the future. It's a shame that some people have such a trader mentality they find it hard to see how well this will play out, even if it does take a year +. An amazing investment, with potentially rapid return. Only a trader who wants to chase rainbows would want out of this.
I think you have it spot on there, Benjammith. Let's hope their accumilation target is near fulfillment. Perhaps this Christmas, carols will be sung from here all the way to Norislk
I see lamTreeeee's that are Greeeeeen
docushakess toooo
They're no concernnnnn
To me or to youuuuu
And I think, to myselffff
WHAT A WONDERFULLL SHARE!!!!!!
Prop5 I have mine set to 205p. Although I heard HL don’t allow your shares to be borrowed? I did it anyway.
GREAT. Morning btw. Lots to take away from. These two monster rns’
EUA are in such a great position at the moment - Engagement letters not been signed because we haven't agreed on a success fee with the banks yet. But they're still continuing to work for us.. no retainer no fee. Yes, two large banks (without engagement letters) are still working on behalf of EUA.
And why would we sign an agreement letter outlining fee's? We have multiple interested parties who want our asset(s)
No interview yet because NOMAD wanted a few RNS's out. Why is this significant? It's not. The interview was a bonus for some more information. If things are too sensitive to be spoken about - things are going good for the company and thus us investors.
No TR1 yet. Could be one. Could not be. The palladium isn't going anywhere regardless. Yes, millions of ounces of the stuff with the lowest extraction cost in the world. The price is so high people will steal your cat converter for two grams.
Twitter has gone very quiet, an excellent sign that they are knee deep in back to back negotiations. This is to be expected.
RNS updates - we've had 12 RNS updates from JAN-SEPT 2019.. We've had 45 in September, October and November.
WK production figures are as expected from a company who purchased the required equipment to make their revenues 100% and had contractor issues and mining restrictions, which were dealt with swiftly and admirably. Very good future at WK, given that it's not even the "company-making" asset.
[Final part]
Hope the article posted by an ex MM is useful to you. Helps understand why these new/old users try their absolute hardest. They truly are in a pickle. An example from the article (modified ever-so-slightly):
EXAMPLE:
Lets say that EUA has been lying quietly at 0.25p bid 0.50p offered. A limit order comes into one of the MM's to BUY at 0.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the 0.50p offers. Now the stock is 0.50p bid 0.75p offered. Here comes that "Big" firm he just sold the 1,000 shares to at 0.50p with another bid for 1000 at 0.75p. He makes this print. Now he is short 2,000 at an average of 0.625p. The market keeps moving and now its 0.75p bid 1.00p offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.0p making him short 4000 but with an average 0.81p. At this time he would love to see a seller at 0.75p so he can COVER HIS SHORT and make a few bucks.
But instead the market keeps moving up. Now it is 1.00p - 1.25p and here comes the buyer again at 1.25p. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25p to keep his BREAK EVEN point ABOVE the bid. Now he is short 8,000. Market moves up to 1.25p bid 1.50p offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is)
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price.
BUT now he has to figure out how to ENTICE SELLERS so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Hope it makes it clear why they desperately want to see "1.5p". At this level, with these holders who truly believe in what's coming (now or months later), their games are clearly visible to even the untrained eye. Can you smell their fear?
[Part 3]
By and large most MM don't have a CLUE nor do they care to learn, about the FUNDAMENTALS of the stocks they trade. (As seen by our green friends).
It is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason; most of the MM's in this stock are what are called "wholesalers" – no retail brokers "working" the stocks.
They rely on what's known as the "call" from larger retail houses. "Big" retail investors expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this 2nd MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business"
Contrary to popular opinion the "Big" firms Do NOT necessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell).
Even though this MM might in fact be the "high bid" and not really want to sell any more.
MM must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" = out of business. (This activity is very significant to BB stocks)
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then uses the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up/Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10. However that is because 9 out of 10 AIM stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future (EUA). Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience.
[PART 2]
1. MMs can not relate to long-term holders. That makes absolutely no sense what so ever. They feel a large percentage of trades consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel/ know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop.
2. Now somewhat comfortable with this logic the MMs merely short sells into the buying & attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover.
3. Boy, when this happens, the MMs are not very happy campers. The investors and traders are supposed to be doing that no them. Now it becomes time to pull out EVERY TRICK and TACTIC in the book in order to attempt to get a BEAR RAID at every dollar mark or per cent from where the stock started. Could be a penny in smaller priced securities? What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling.
4. Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM” initiates a down tick about the same time. Now this can also be done with a certain amount of shares. This down tick gives the ILLUSION of WEAKNESS designed to hopefully BEGIN THE BEAR RAID of selling.
5. The fickle, fearful, day trader, momentum & short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in EUA. They start ACCUMILATING and BUYING comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads, but a recent SEC investigation tells another story.
MMs have a vast resource of tactics
[PART 1]
The savvy long-term investors never chase stocks up but Instead use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. The second is NOT to doubt the research, which is the underlying basis for going long & holding.
More investors are winning the game despite all BASHERS that float through the Internet that has become part of the game. Floor traders of market makers often watch bulletin boards in order to follow the market during trading session.
(MMs) don't use fundamental & technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down.
To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public & dumb money eat out of their hands. Effectively, MMs can show a STRONG stock growing WEAK by manipulating the CLOSE PRICE in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honouring orders to hold a stock price.
MMs follow a simple code of business when market making – stock level they seek that yields the most volume. Now this is very important because they make money on the VOLUME buying at the BID and selling at the ASK.
In other words, by making the market they are buying low & selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $83 or at $0.23. All they care about is the action thus being able to sell stock at the offer (The high) & buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy & sells to get max action. Remember, MMs play the volume. E.g. If the volume decreases, Buys become a one way volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there, then comes the pullback [naturally/induced]. During the pull back they can buy tons of shares & flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see.
Mostly MMs love a flurry of Market Orders, which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them.Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance
Mattey regarding [6] resuming trading, I have personally not been in this situation before. However, I assume that if there is a large sell off and the sp tanks, then people will be quick to buy because there's a good chance they'll end up with the offer?
e.g. Offer is £1, and the SP moves becomes 90-95p
-if massive amounts of sales brings it down to 70p, buyers will want to jump in at 70p for the £1 sale price (~40% rise ).
conversely, those who sell at 90-95p risk not being in it for a counter-offer of say £1.50.
somebody please correct me if im mistaken.
ps. values aren't specific for EUA, although I wish they were
100% possibility LB!
I recall a post some weeks back, bench marking against several other sales and the usual news flow leading up to a deal is;
1] silence
2] silence
3] silence
4] Intra day RNS for trading halt
5] Intra day RNS for official offer to be put to shareholders
6] Intra day RNS for trading to resume (now x% higher price/ e.g. 90% of offer price
7] voting details
patiently waiting. I bet the multiple parties involved are sh*tting bricks watching the Palladium prices each day.
I suppose MM's can be thanked for allowing cheap top ups before the inevitable
Nice one, stockdale. Appreciate that, cheers!
https://www.kelrun.com/files/2013/05/Pear_AnnInvesLtr.pdf
- FEES:
-The element of the engagement letter that usually attracts the most attention from the client is the in- vestment banker’s fees.
- The fees are usually payable on the occurrence of certain events and are based on the consideration received by the client in the trans- action.
- It is crucial to clearly identify what types of transactions will trigger pay- ment of a “success fee” and what consideration received or paid by the counterparty in the transaction will be included in calculation of the fees.
So the banks presumably approach EUA, but as the fees haven’t been finally negotiated with EUA& respective banks, then why would they sign an engagement letter?
Highlight from RNS Monday 25th November:
“no engagement letter has yet been signed with the Banks, although they CONTINUE TO WORK on the Company's behalf; NO AGREEMENT on SUCESS FEES has yet been reached”
We don’t need to sign any engagement letters yet, but they banks would like us to. Balls in our court. This is a positive; not a negative.
50p a share incoming
hope2gain I agree. I am sure this corruption will come to an end, as it's doing in the precious metals market now.
It's time for palladium, rhodium and the others to shine
Note: "started to move in 2016 WHEN THE German Bund.." does not mean "due to the German bunds going negative"
Note: "One of the things to move FIRST is the one with the MOST amount of SHORTAGE, most sensitive to marginal increase in purchases – as seen in both markets here" &
"The games with “printing metal” can’t be played when there’s PHYSICAL METAL shortage. Showing in these two markets first – but WE COULD SEE it knock into PLATINUM, SILVER and GOLD as the money printing continues"
"Platinum can be used in the petrol cars however and is more efficient than palladium" isn't factually correct.
Research into the use of platinum shows that technological ADVANCES ARE NEEDED BEFORE it can match the performance of existing Palladium-based catalytic converters. Palladium is more efficient and to state otherwise is simply just incorrect (today).
VIDEO link:
https://www.youtube.com/watch?v=luU6H-bOSv8