RE: Caution1 Oct 2020 00:33
Signs of a subtle deramp/trader, part 246.
"Good luck to you all especially LTH as you guys seem to have suffered the most. Not involved in this one, however, have a few companies in the same industry within my PF and we wish the best for all invested in the industry!"
- Wishes you luck and sympthasizes and relates to you before he fires shots.
"i'd rather people looked at it from both sides and not just emotionally as current holders and maybe risk loosing even more money which will affect your mental state"
- Claims to be presenting both sides of the argument and trying to protect investors.
Especially when some existing holders may get to the point during the early opening of the market and they could have sold/broke even from previous losses if the SP moves north a bit with day traders and sharks in the early morning activity due to the RNS!
- Advises you with a strategy that most traders would implement (sell in the morning first thing)
"Firstly, that the RNS doesn't state the sale has been finalised, nor has it advised it has even received offers. The company was always in an offer period the minute they put themselves up for sale months back. It's very misleading for current SH upon reading and a little bit savvy of the BOD to try and make it look like it has received 'offers' and looking through them to force the hand of any potential buyer that's sitting on the side lines. It simply states that they have appointed some professional advisers to assist through the sale process (in the hope they get a sale when and if that happens"
Misleading only if you haven't kept up to date with official communication from the company, how they usually present their RNS communication (subtle hints), and as he has communicated, doesn't know much about the company, so why are you coming on here pretending to be the all seeing eye. Discussions about disposals of assets and or sale of the company has been building up for a while, the whole idea was for Eurasia to scale up, obtain the licences and provide due dilliglence of what was in the ground and that's where we have built up to today, hence seeing the progression from early talks with the Chinese banks, to a suspension, to a formal sale process starting with UBS, to instutional investors at market price and now with the RNS you saw today.
Secondly, why would you restructure a board to focus on a sale process? That tells me they have nothing lined up and are actively seeking a new purchaser hence, trying to throw bodies at it to get a sale.
- Once again, you said yourself you don't know well about the company, if you did, you would have realised we have a deal in place with Sinosteel and a healthy bank balance following the placing, in the long run if there wasn't a sale, shareholders would be profiting massively.
" I hope i'm wrong in all of what I've wrote, but, I've seen all this before and watched people lose their live savings."
Why do you care about other people'