Reality31 Jan 2021 13:09
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
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