Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Tilly,
Yeah, I've seen you on LION/TALLY too. The mess over there might be why I have a distrust of weird goings on.
I've seen that.
58m held by IIs and the new 27m by Veles (I don't consider them an II but some people will). So that is roughly 86m total.
If you include Veles, that is 3.11% off the shares in II hands. Without Veles that is 2.1%.
Do either of those percentages really count as huge?
B1ll, it's far from a lost cause.
I'd rather lose 1-2% of my profit while researching properly. I don't see that as being particularly unusual.
No matter how you dice it last week was a fiasco that could have been handled far better. The best outcome is that all my queries get cleared up and we move towards the sale.
The honest answer to that is events last week changed things for me.
I've sold out most of my holdings on Friday whilst I evaluate that new levels of risk and then either decide that altered risk is acceptable to buy back in or move on. Taking a profit is never bad, that is why we are all here.
The deal could come tomorrow and then I'm a muppet, but I am comfortable with that.
Exactly CAW, there are several explanations that can fit. Nobody knows.
Polymetal do have JORC reserves for Viksha online. Nice, clean and much easier to value.
https://www.polymetalinternational.com/en/assets/growth-projects/viksha/
I've not made any financial advice.
All I am saying is reassessing your risk/reward strategies is no bad thing. As information changes, the risk changes. Risk also varies for each person depending on their average.
Like it or not, there is chance of no deal happening. Anyone taking about that possibility gets bullied and/or filtered.
You have nothing in response apart from using a womans name as an insult. Why is that, are women somehow beneath you? Very strange.
Because I see people being hyped up and taken advantage of.
People who were panicking about having no money a few weeks ago are now telling everyone they are piling in with £50k more despite already being hugely down. People being mislead with wild promises of riches. It's morally wrong what is happening here.
It's all getting a bit heated in here this morning. Stop attacking each other, it adds nothing to the discussion.
It's not a horse race. You can get on and off the horse as many times as you wish and you do not need to stay on until the end to win. You can even go and get on a totally different horse mid-race. When new information becomes available (like a 1% sale) it's prudent to adapt your risk/reward ratio to suit. Ramping/deramping is immaterial, adapt and manage your risk towards information.
The reality is EUA have had 25 years to make money out of this, why haven't they? They have cash in the bank, why not mine it themselves instead of spending 2 years trying to sell it?
How much resources and reserves do they currently have? Not potential, actual drilled and tested ones. They won't tell us. Nornickel publish their reserves on their website, no reason why Eurasia can't do they same. I have never seen a mining company not publish their DFS before.
Why did Alexei sell at 29p?
Why has the SP been held at ~30p for the last while, despite a large amount of "kippers"?
Why do people keep claiming that II's are buying in here when they aren't? Tracker funds don't care about the fundamentals of a company. Veles, for all the will in the world, are not an II.
It seems to me that there a lot of investors in here that have been given a tip by a friend or family member. Telling them it's going for £1+ and they can't lose. You can lose. Badly.
If you think the guys that have been here for 18 months or so, having bought in for under 3p haven't sold some to cover their initial investment, then you are wrong. If they haven't done that, on what is a binary bet, then they are not worthing listening to. It has already 10 bagged in roughly a year.
If you have a large part of your or your families wealth in here, a binary bet, with no information with which you can properly value the company, then you need to be thinking very carefully.
There are 3 scenarios here, no deal, JV and sale. No deal will wipe out your money and lock it away for years. JV maybe 15-25p divi, sale 45-60p. If you the sale the other day had a large impact on you, you have too much in here.
There are always other shares and other opportunities. Looking after your capital is your first priority.
Firing into people for selling seems to be okay but firing into people for not selling and losing large comes of money is awful behaviour? Double standards.
Make your own choices. There are some wild valuations on here, I saw one yesterday that said each 10% was worth a billion. This is not a £10b company.
The largest valuations tend to be those with the lowest averages, most of which will have taken out their own money. It's always easier to gamble with the houses money.
You'll see them below, firing in telling me I am after cheap shares. I am not. I got cheap shares here in Nov 2019 and I'm now done here.
Good luck, I th
That could well be the case.
I guess we'll just have to wait for the BOD to complete the investigation they referred to and update us.
The Mighty Galleon may have a few storms to weather this week, makes no odds to everyone in until the end.
Those of you that had adult conversations about it all, thanks. I appreciate it and wish you all well.
I can't elaborate because I only know the questions. As shareholders we have a responsibility to hold the BOD accountable for everything that happens.
It could be a coincidence and he needed exactly that amount of money or it could be a purposeful attempt at concealing where the the shares have gone.
Correct, CAW1. In this instance, the SP is currently actually largely irrelevant.
However, someone, with potential knowledge of the deal has just dumped a load of stock for 29p. Possibly because he fancies a new yacht or possibly because the deal is about to collapse and 29p is as high as they will be for a while.
That hinges on if you accept Veles have a fund or hold shares themselves, for whatever reason. Currently there is no evidence of this so it looks weird.
If you do, then grand, we'll see 29p+ again, very soon indeed.
Then why not say it's a loan repayment in the RNS?
The people wanted back in lost out through stop losses. They shouldn't be used on AIM as things like this do happen (ie RKH).
Regardless of the reasoning it has created a disorderly market. It's not reflection on the company, assets, BOD or FSP. Something weird has happened that needs clarifying.
Red, no problem. You are entitled to that view.
There are several unusual things going on with this share, they all add up. The BOD maybe should suspend the share, investigate what happened and then possibly not even come back until the deal is decided.