Member Info for DavSen090

Well just look at Kaz Minerals for example, the initial offer was £6.40, was sold for over £8.00.

What's going on with all these large trades the last few days marked as unknown?

Disappointing order uptake.

I think what he’s alluding to is the fact that a lot of placing shares, especially those at a large discount, generally don’t have an opinion on the company or any long-term ambitions to hold a share, they just sell into a rise, so there will be a lot of placing shares who will ignore the long-term potential and just flip at a small profit, it’s a lot of shares to get rid and it can overhang for a while.

What I would say is a strategic placing at higher levels may be something that could work providing the share price keeps moving up, as long as it is done very close to market value, anything at a discount and the market tends to lose trust.

Watching some of Bill's interviews on Proactive, he doesn't smile much but he does seem genuine in the work he is doing.

To reach 10p+, his performances will be just as key as the drilling results, the market tends to ignore the resource at times when the CEO is shody, recent example would be CGO where they are entering production soon but one bad interview with uncertainty and the LTH's started to exit.

Smiller, was reading a few of your posts re. UFO, former EUA holder here.

Dilution here seems to be slightly on the heavy side with 4b shares, but, it's manageable if as you say they can bring some organic funding in.

The jurisdiction for UFO is the key play here compared to a few other AIM projects that I've kept my eye on, I was thinking of a re-entry to EUA but I've decided against it purely on the fear that Russian state will seize the assets. There is great potential for a EUA/GGP style rise here, but most importantly, they won't have to escort it out as a M&A target, I'm still split on the idea of a JV, IMO the GGP Newcrest deal was awful.

Going to do some further reading tonight on the projects, I've taken an initial small stake of 124,932 today, will be looking to add some more at the end of the month at pay day. Was trading a few other shares like KOD, PREM, etc. but I want to start focusing on longer term holds now, I bought in 2019 and rode it all the way to the 40s, eventually sold in the mid 20s.

I wouldn't be too worried about the share price at the moment, it'll correct itself over time, probably best that the AIM pump and dump crew aren't really paying attention to this.

0161, starting to believe you made a good point last night about something dodgy going on.

It looks like there is a lot of shorting on which is keeping the share price stuck, was looking at some of the trades and the pattern of the share price movement and none of it makes much sense, this should have easily cleared 9p today.

The question is who is shorting it, why they are shorting it and what the end game is?

The insiders and big boys will always manipulate the markets, the economy, politics, anything, just look at this whole Russia situation, the governement didn't bother chasing down dirty Russian money until they were forced into it.

EOG popped up on my radar by chance because of the drop, but I've been looking into taking several positions in oilers (having taken some HUR today), have to ride the wave with oil prices as they seem to be the only defensive stocks during this terrible time.

Haven't taken a position yet and will probably sit on the sidelines for a bit but I have been soaking in the information on the placing and reading some of the views, if the information on Serenity is accurate, the placing may be a necessary evil.

As crappy as the placing price is, they tend to be the launchpad to making some successful profits, even if you set a low-exit price, if I was an existing holder I would just average down as much as possible over the next few months, I think in this market leading up to Q3, most people will be able to get out at possibly 5-6p, the only issue is the opportunity cost of the time it takes to reach that level.

MSCI removing Russian equities but does that relate to British companies operating in Russia? Will be interesting to see the distinction.

On a similar note, are all of BlackRocks holdings automated? I remember that BlackRock used to release loads of those 8.3s during the FSP which generally were increasing the holdings each day, but BlackRock clients were shorting quite often which would display on the 8.3. Now that EUA are no longer in a FSP, obviously that requirement to disclose has suddenly disappeared on a daily basis.

Do all of the BR holdings automatically begin to dump once the MSCI is re-balanced?

I think people are waiting for the next operational update to see the bopd and water cut, if it remains stable, the share price should hit 10p quite easily whilst oil prices keep rising.

I'm intrigued as to why HUR hasn't been taken over yet, I'm pretty sure CA have suitors lined up and their own target price for exit, could be that any suitors are waiting to see how well production is going over the next few months before they come in, or CA may be trying to avoid a low-ball offer as they see an opportunity at 20-25p.

Tigra, you made a good point, I'm a former holder here, whilst I've always believed in the EUA story and continue to believe in it, there is something to be said about opportunity cost and taking money off the table, I sold in 2021 because the opportunity cost of waiting for the sale was too high. The one thing I learnt from the whole EUA story was not to fall in love with a share, I myself was in love with EUA for a very long time because I bought at 3p, so seeing those amazing profits just rise and rise into the 40s was a massive adrenaline rush.

If there is an asset sale, you are probably looking at 70p-£1, but in the time taken since the FSP was started in July 2020, you could have 10x bagged in several shares and made 2-3x the return.

The lesson is here that in this market over the last few years, you have to take your profits and move on, still think there is a lot of value in EUA but the issue is it may take a long time now to see the true potential, I will possibly be buying should it drop to around 5-6p.

Still routing for EUA as always and it may return to my portfolio in the future, as for people like Stork, remember he sold out way too early and was bitter, I could never be bitter about other people making profits, if the EUA sale had been announced the day after I had sold out, I would have been frustrated but I would have been extremely happy for all investors.

Guess it wouldn't be the first time that someone has known behind the scenes prior to the market finding out.

Berkshire Hathaway took a stake in Activision just before the deal was announced, Buffett and Gates are close, $hit happens.

What you also have to understand is, if CA wanted to sell their stake into a rise like this, they would have to declare it eventually and that would send the share sinking below levels that CA bought at, first of all because you can't dump that many shares into the market without causing a decline, and secondly every PI would then start dumping, CA didn't buy these shares to sell at a loss. That would be terrible business, no big investor does that.

They've obviously done their due dilligence and took a calculated risk that oil prices are set to stay high as the world recovers from COVID-19 and that the well will keep on producing, they've accumulated a stake that's going to be sold eventually at a much higher price, which makes HUR a highly likely T/O target, whether that's enough to help alleviate the losses that some people have experienced over the past 2 years is another story, but anyone buying sub 10p should make a healthy profit.

I've seen a few posters make comments about how long it will keep producing, at the end of the day, it's a risk like anything in the market is, but with the free cash flow that the company is producing, which many companies would die for, you can't go wrong, to me worst case scenario would be that the company produces enough oil over the next 18 months to support the current MCAP.

Gotta be in it to win it mate, I was in EUA and they had false dawns for 10 years, then it burst from 1p to 40p, eventually sold in the 30s.

Whilst your theory about the Twitter hype would be entirely plausible under normal circumstances, I've been looking around Twitter and the ramping doesn't seem to be that bad, none of the regular names are ramping EEE, they are too busy on PREM, TRP, TOMCO, etc.

So I don't believe this is due to Twitter hype, I'm looking at the fact that there's barely any trades going through (compared to the hundreds and hundreds over at say, PREM for example)

It looks like to me the stock is purely moving up due to no stock being available and a big buyer in the background, for some reason the MMs are holding as much as they can and buyers are only able to get in once someone offloads but the ask keeps moving up everytime someone buys a considerable amount.

We'll see if these rumours on news are true or whether as you said it's just hype.

Premiums are constantly being paid over the ask since yesterday, ticked up to 1.3p now, looks like folks are loading up.

The UT ruined the ending, if oil prices keep rising we should see some more buying over the next week or two, can't see it going below 1p, rather think it will actually move back towards 1.8p in anticipation for futher info on flow rates.

One thing I've never understood, there is a few individuals on here and on ADVFN who's only wish is to exit the stock at around 2-3p, yet all I see is negativity?

I'm asking this question in the most pragmatic way possible, it would apply to any share or any type of investor, but surely if you want to exit a stock, you'd avoid spreading negativity?

Fizzmiss over on ADVFN is one of the worst, wants to leave at 3p but can't even find any reason to speak in an encouarging way about the stock.

Buys and sells aren't accurate, trades are always reported in a funny way but usually, if larger sells are generally below the average bid price for the day, then they are likely to be sells.

To me it looks like there was some large selling action, combine that with a low level of trades and and you usually get a drop. The AIM market is full of 'spike' and 'volume' traders who exit once the excitment calms down and they move their money on to the next trade.

The reason the share price dropped so heavily was because there was a large sell being worked which was keeping the bid low, that heavy sell hanging with the dropping bid was likely to cause some smaller PIs to panic and start selling too.

When some more comes out on Dynasty or SatoshiPay, the buyers will return and I'm pretty sure this will hit 1p soon, in the meantime, I would try and load up at these levels.

I no longer hold any EUA shares, but just a bit of history on TMS for those who don't know.

TMS has a history of calling things terribly wrong and bitterness towards it.

He is a former EUA shareholder and used to ramp EUA a few years ago.

TMS has made several recommendations and ramps towards shares that have turned out to be complete failures and a number of them have been delisted.

He's known as a bit of a narcissist around these community and I believe his constant persistance in commenting on EUA is purely down to the fact that he sold too early and is feeling very bitter about it all.

His arguments to the untrained and language to the untrained eye can seem very valid and genuine but when you dig deep into it, he's unable to respond without regurgitating the same argument each time.

There is a few more who come from the same school of envy, one being TDT (who was caught out several times), and TigerByTheTail, who was extremely bitter about GGP and bragged about how certain he was that Eurasia would lose the Monchetundra licence to NN 2 years ago. They all primarily hang out on ADVFN now.

I agree, we will need a bit of patience here, but over the long run we should see some real value delivered by the projects in the pipeline.