Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Why Summit?
The stock market is a representation of the value of the company. The stock market is also a mechanism to take a stake in a company. I again go back to my point as to why a potential asset buyer wouldn't just bid for the entire company at a 50% premium as the BoD would almost certainly accept.
I understand its nice to dream about people bidding multiples for assets and companies but it just isnt reality. I'm still waiting for examples to be provided.
At 1.65p, if a bid for the company came in at 2.5p the BoD would likely accept. The company isnt generating any cash currently and is cashflow negative therefore any placing or fund raise would be used to maintain op costs and admin costs. Therefore the longer this drags on, the lower the price will become
I keep trying to raise some sensible points around the company and asset valuation. Nobody is able to provide sensible answers and resort to trolling.
Facts remain, nobody wants to touch Russian assets. Formal sales actioned pre-war didnt deliver. WK is an operational cash drain on the company.
What on earth is your investment plan here?
I saw you noted you lost money on DEV and HE1. Both because im guessing you did no actual research and had no idea why you bought and that you bought when the price was sky high.
Why talk negatively about something you've bought. That suggests to me you've done none of your own research at all. Research is not reading what other investors post on these boards either. Plus a couple of days ago you were also moaning about being 10% down. That is because you had no entry plan and are likely blaming people that positively talk about this stock
Probably best that you just sell and buy premium bonds if your cant control your emotions.
I've mentioned this and yet the EUA Loonies still seem to keep kicking me. I mentioned it could half when it was 3p and it has. I'm sorry but thats reality. A Russian company is simply not investable. There is no magic dividend and sale coming. A fools dream.
I still cant believe that people believe in the dividend and sales at multiples higher narrative.
Show me one example where this has happened before.
Once the BoD has rinsed this dry they'll take it private and screw shareholders.. thats my guess.
I pop in to read this chat every few months and the same drivvel is being posted whilst the share price erodes.
Burrying heads in the sand whilst needing a position to multibag to get back to break even and putting faith in a BoD that has delivered nothing to date is not an investment. Its a gamble gone wrong.
Buyouts and Takeovers at multiples of current market cap JUST DONT HAPPEN. Wake up
Early 2019 and Pre-Ukraine war EUA was at around a £10-£20m market cap. I think its realistic to see this as a target level.
No material progress since then. Burning through cash and a none existent array of bidders will do that. Plus the elephant in the room of the assets being in Russia. My thoughts just for balance.
Did you buy £700k of shares at 14p?
The difference is, my posts have been honest. You have lied and pumped all the way down
"DimitryReacts
Posted in: EUA
Posts: 531
Price: 20.50
No Opinion
RE: So much chat, so little news20 Dec 2021 12:19
Hope so, at 14p i'll buy 5 million more shares. Do your best to get it to that level for me please. Incidentally, you now work for me too."
Pretending something is better than what it is doesnt help.
Just look at Twitter rampers like Eddie Davis who hasn't a clue what hes doing even though hes been in the markets for years. He held all the way down and just moaned.
Make a plan, stick to it, take accountability.
Whilst calling yourself a long term investor. Are holders now just defining themselves as long term investors because they're in heaps higher and too stubborn to sell?
The story has changed, it looks more and more like false news an manipulation. If assets are actually for sale, then they'll never be purchased for multiples of the current share price, give me one example where and asset has been purchased for multiples of a companies mcap.
Any prospective buyer would look at the companies mcap, offer a % higher and watch the BoD take it for an exit. Those holding for 100's/1000's of % higher simply wont see it as the market values the company at the level its currently at.
Tom did call it right. Whilst he's an **** anyone still holding from highs in the hope that "it'll happen some time" is deluded.
Holding, hoping and ignoring facts isnt a strategy and while you'll find yourself holding into oblivion. Most would do better off selling what is left of your position and looking to buy into somewhere to build a position back up.
EUA can easily fall heaps further from here, would a better approach not be selling and finding something that has upward momentum and bullish potential?