Embarrassed to be a fellow investor with some of you5 Jan 2021 09:59
Honestly, I would have thought a lot of you by now would have understood what was going on here. The shorters and derampers are literally laughing as half of you panic, do you not get it by now, this is what they wanted you to do?
Have you forgotten already how the markets work, are you even investors or are you just small time traders at this point?
The company has given you all the information you needed:
'Eurasia has received a number of inbound expressions of interest from multiple parties interested in acquiring all of or a stake in its assets. The Board has therefore decided to appoint UBS Investment Bank in London ("UBS") as its leading financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company.'
'confirms that Queeld Ventures Limited ("Queeld Ventures") still holds 307,250,000 ordinary shares in the Company representing 11.28% of the issued share capital of the Company, as previously announced on 11 November 2019'
'In my new capacity as CEO and Executive Director I will continue to work with our advisers on the sale process of the Company and its world class assets, Monchetundra and West Kytlim, leveraging my relationships made over more than 40 years in the mining industry and securing a deal beneficial to our shareholders".
'As you are aware, our Company is now in an offer period and has appointed several professional advisers including UBS on investment banking side and recently DLA Piper on the legal side to work with the Company through the sale process. This strategic decision was the culmination of many years of hard work by our team in realising the value in our projects. With the final approval of the Flanks license surrounding Monchetundra, the Company has been successful in establishing a dominant position and a first mover advantage in Kola PGM, which, coincident with developments in the PGM market, has spurred interest in the Company.
The board and executive team have now been restructured to fully focus on the sale process.'
Can you people not read?
This was always going to take a while, granted we hoped it would go faster, when people sense news is still far off, they sell and chase gains elsewhere, it happens on every other share, it happened here several times, yet some of you are panicking like this is the first time it happened? How on earth did you survive when we were at 15p?
The shorters use this lull period to try and scare you out of your shares whilst the MMs slowly drag the price down due to no news, then people slowly start selling in fear and as a result, this is what we get.
The company has literally told you, we are doing everything in our power to get a deal beneificial for shareholders, yet you guys are being swayed by one or two fools who's best deramp is there is only 2moz at MT, despite the company, who know MORE than anyone about their own assets, are telling you they are targeting way more.
Seriously, pathetic.