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Some of those answers should shut up a few of the daily complainers, experts and those keen to muddy the waters with their exaggerated claims and guesswork. Somehow, I doubt it though.
Some further clarity provided here on some complicated areas, with further news expected. It is a shame that they are still acknowledging a lack of transparency in past dealings with shareholders and delivering a 'will do better' message yet again though.
Optimistic of the possibilities despite the flagging SP, but still only interested in SFB out of current and mooted projects here
Let's see what the 2nd half of this calendar year yields in terms of reversing shareholder fortunes and making further progress.
gla
Not too concerned about the earlier NED change.
This latest one is a bit different. He appears to have a decent holding here (circa 1.25m shares per LSE). Looking at his Bio on the TPG website, is it possible that is Financial expertise is no longer as important following completion of the Suni/Battery Minerals deal and current production levels meaning different finance requirements going forward?
Some additional info would be useful on this - also, will he start selling his position, it could take a couple of weeks or more with current volume and selling circa 10% per day
Same for me, the rise today almost puts me at par.
I had hope to add more, but chose last week to add elsewhere instead - CTL up circa 40% in that time, my choice of where to add is down 5%. :-)
Still, looking good here with further updates due
gla
Is the RNS clear on debt/funding levels though?
Any RNS on income/cost from production, or debt/funding leads to several different versions of what is 'clear', and all posters believe their version is correct. This is usually a result of a lack of transparency from the company which gives rise to different ways to interpret what they do publish. Of course, agendas at play do not help with 'interpretation' coinciding with particular poster's pov.
EQT is certainly in a healthier state than it was just this time last week.
To say there is no downside here though is false. There is always downside with any share.
To also say this is out of the woods is also false. There are signs of progress with the news last week, but they need to build on this.
Let's wait for the expected news on North Fork and anything else before jumping to (currently) unwarranted conclusions either way. We need to see news on North Fork within the expected time frame, as well as seeing a change in comms to be more transparent, and delivery within expected timescales on various fronts.
The drop after a good rise from recent news usually tends to happen, it is down to EQT to build on this.
gla
Always likely to remain 'undervalued' until such time as potential is realised.
Doesn't matter how much is in the ground, and its potential value if production does not unlock it.
Still a way to go, but looking good and continued signs of progress in good time will help with sentiment here
gla
Good summary.
On the back of the latest results and update, I have taken some profits elsewhere and added more here today. As per my last buy in June, my preference within AIM now is to be in companies producing, rather than in exploration.
My average here is finally sub-50 and comfortable with that, but as my 3rd largest holding now, I cannot justify further additions here. A hold for me now.
gla
Paul,
You will not get a response other than the standard 'it is a free world', 'everyone is entitled to their opinion' type posts. Their favourite is 'play the ball, not the man' trying to suggest that the frustration should be at the company not the poster telling 'the truth'.
I have seen posters make dozens of posts a day on shares they do not own for years. One poster on another share has circa 6,000 posts on a share going back 5 years or so, all negative, all refuting factual information, all just to help investors who may believe the 'rampers'. I filtered them 4 years ago but there are sill dozens of daily replies to them asking the same thing. They will carry on whatever anyone says. It is a game and they win by getting a reply, or a clever insult - I am helping with that right now too.
It is utterly pointless replying to these posters, their only interest is to disrupt and encourage people to reply. Name calling like DrP and others, only encourages it more. That is their aim, that is why they do it.
All responders do is add fuel to the fire. But some of those get their kicks from doing so, they think their insults are clever and that encourages more to jump on with more of the same, so it is a never ending cycle.
I have them all on filter, but doing that you still see the ego driven posts trying to out-do them.
And for balance, Daz is just as bad, Merc too, imo (also filtered).
Anyway, no more visits here for me today, clearly not going to see anything relevant or worthwhile, especially from the 'my share is better than your share' saddos.
Let's hope so. A good update this morning.
I bought in at the IPO and cannot justify adding further even at the low. One for the long term, for sure, so although disappointing to date, not a huge concern.
I must confess to not paying too much attention here of late and did not even know that they had started releasing a monthly newsletter. Plenty of reading for later now I have seen these going back 5 months!
Good luck
Despite having a high average myself, I don't think it is helpful to reference the high of 2.5 years ago as a valid comparison for where the SP is now.
That high was a unique situation for the sector as a whole, a complete hype job with many rushing in to try and take advantage of a sudden surge in interest and SP of stocks that had little or nothing to justify those SP's/MCAP at the time, or even now.
EQT cannot be held responsible for that rise, or the SP high - just look at all of the other similar stocks that saw similar explosion at the time (AFC 85% down, PHE 95% down, ITM 90% down, Ceres 80% down, etc).
It is very clear this current situation is not EQT specific no matter how you try to spin it (that does not excuse the progress over the last few years though given the interest and opportunity presented).
The starting point of this sector-hyped rise was circa late-40's, 50 max - this for me is a more valid and reasonable reference point for any SP/MCAP comparison and where I will be looking for this to reach over the short term (end of year is my review point still, despite the good news yesterday).
My high average is due to getting caught up to an extent with the hype and one particular Buy that I made when the big rise was in full momentum. My fault. I got carried away with my big gains in AFC in a few short months. Fortunately, I took my profits there when others were still saying it was a nailed on Buy.
Hopefully, we can hold on to yesterday's gains, and this is the start of some stability in the SP and a base for future growth.
gla
Volume today has already exceeded anything this year bar the equity raise RNS on 21/03/2023, and will exceed the next highest volume day from more than 2 years ago back on 21/03/2021.
Late November 2020 to early Jan 2021 was the last really sustained period of high volume when the SP rose rapidly from circa 0.49 to circa 2.70 over a 2 month period.
Not saying for a second this is going to happen again as that was totally different scenario, just highlighting the unusually high volume today compared to normal trading days. Volume will help to drive the SP along with news
Tks Oakley.
That is just the flow line trough works though, I'm sure there is more to it than that, especially given it was only 9 days ago they said end of August for commissioning. Good to see the progress though
We are due news on North Fork in Q3 too, assuming all is on target there.
It would be good to get some momentum going here both in terms of project delivery, positive cash flow and SP.
Not expecting rockets under the SP, but positive news will go some way to restore shareholder confidence and returning sentiment can only be a good thing.