RE: How low will it go18 Dec 2019 09:17
My guess is sadly, will end 2019 in the nigh teens. Market hates EUZ, for what real reason is difficult to say but it has been diluted to death by management. Warrant holders and Peel have been less than helpful and looks like all eyes are now on next year for more results.
The RNS was actually a good step, not to everyone's taste, but did not merit the stupid (though expected imo) drop this morning. I agree with others here, as I've said for many weeks, that the board of EUZ really needs to look towards proving up what is in their remit to do on this asset and offload it, let someone bigger and more powerful take on the costs.
This company and its shareholders cannot stump up indefinitely. Not when there's nothing to show for it every time. Cash flow is a concern (as for any AIM company) but the constant *******-kicks will ensure even new blood won't bother to come in because even rock bottom isn't worth it when it gets crushed lower and held then for long cycles.
It's genuinely as if someone really doesn't like this company.