Firering Strategic Minerals: From explorer to producer. Watch the video here.
Some one is buying and someone is selling !
Isn't that how a market works ?
the volume is so low it isn't worth getting excited about.
I don't understand how or why the MM's would keep the SP low.
I agree there has been suspicious recording of buys vs sells but what advantage is it to them to keep the SP low when there is such low volume changing hands at this level.
I might be barking up the wrong tree but surely the MMs don't give 2 hoots what a share price is so long as they make trades.
Makes no odds to them if Pi's Ii's or Putin himself wants to buy shares. They just trade and make money on the spread.
I do feel there maybe some dark arts being practised here but the truth is know one knows the truth.
I am holding although not as confident in the size of gains as I was 2 months ago. My reasons for this is the lack of movement in the SP even following positive news i.e. via RNS; Nomad slip, ACF report etc...
So please stop spouting MM manipulation unless you can give real reasons for doing this. In my view if they have control of the SP and let it rise to low 30s there would be a 10fold increase in volume traded.
Perhaps they just don't need the work ? as good a reason as any I have seen posted here.
GLA genuine investors
There is definitely something very odd with the SP movement and how but sells are being reported.
What is going on behind the scenes and for what reason to mask this I don’t know
For about half a hour yesterday I did some dummy buy and sells. I could sell for 0.05p more thanIcould buy for. However when I did a larger dummy sell the offer price was lowered.
So my guess is they were looking to pull sellers in.
IMO
A very disappointing week !
Explains why everything is listed as buys at the moment including the sells
Could be a trap door.
Get some sellers in then raise the ask
Unmanned drones sound great on the surface. Until they realise well placed nets over doors and windows will render them useless. Something even the most uneducated insurgent will cotton onto.
Reminds me of the story of NASA trying inventing a ballpoint that works in space. The Russians used a pencil.
Thats not strictly true that "No one knows"
The BOD know !
Seeing as they are "significant shareholders and judging by the general age of them they are looking to cash in on their holding and not looking for a cushty job on the board with a fat package for selling this cheap. They want a deal done to move on to new projects or just sail off into the sunset for a comfortable retirement.
IMO
GLA
Lamstree
Should that be the case then the SP is certain to head north considering today has seen “Significantly” more buys than sells but SP went south.
Must be a pain being so miserable all the time :))
Putting my neck on the line and going to predict a 29.5p closing SP on Friday. FOMO effect.
May the good ship Eurasia sail blue waters over the weekend and beyond the because this is close to conclusion.
Rum,Kola or PGM ****tails for all genuine investors.
Morning Ian
It’s busy on here today.
Can you put me down for a guess that a “Significant” RNS will be released after hours on Friday 28th May
Hopefully it will put an end to all the conjecture and squabbling here.
GLA Genuine investors.
Portentuos tw0t
Nicely reasoned Tricky57
Personally I am a latecomer to EUA since mid Feb. £42.5K invested for 157,657 shares = 26.96p Average
However some of the other holdings I have sold along the way have been performing very well so would say its cost more than thatm
eg Evraz sold £3.70 now £6.65
Lloyds Sold 37.5p now 48.76p
Natwest Sold £1.70 now £2.02
Gaming Realms Sold 20.5p now 41p
others sold are fairly stagnant so no change there but to me it represents a loss holding here but expect to make this up when the deals are concluded so for me a 40-50p Div and a resulting share price below 5p would be very disappointing.
Intially hoped for a full sale of between £1-£1.50
Thank you for your informative responses.
Any thoughts why they haven’t released the name of the American investor ?
Can’t see why this needs to remain a secret !
"The net proceeds of the placing are intended to be used primarily to finance the joint venture with Rosgeo ("Rosgeo JV"), as announced via RNS dated 26 March 2021. The Directors have decided to limit the financing to £14,126,289 to keep shareholder dilution to a minimum and to focus primarily on advancing certain Rosgeo JV projects to production via EPC and financing contracts with minimum equity injections.
Ther is your answer !"
I appreciate you response. So what I take from this is they need the money for development which in turn means that any deal is not imminent otherwise they would wait for the sale money to come through and use that to finance the JV with Rosgeo. Therefore any sale or dividend offer could be many months away.
There is also plenty of speculation of the large sells/buys on Friday and being honest it has confused the hell out of everyone me included.
The more I read on here the less I know... More questions than answers!
My concern is why would the BOD release shares to an American invester at market value if they know they are worth multiples of 26.5p ?
Who is the investor and what are they bringing to the table to deserve this dilution albeit small it’s still a dilution.
Please excuse my ignorance. Still learning here.
Who or what are JBER ?
"Gentlemen, you can't fight in here! This is the war room!"
Dr Strangelove
Quote of yesterday, from Hairy Harris ........ "I think I’ve always been a touch on the pessimistic side of the fence"
A pessimist is never disappointed !
Long ago, when sailing ships ruled the waves, a captain and his crew were in danger of being boarded by a pirate ship. As the crew became frantic, the captain bellowed to his First Mate, “Bring me my red shirt!”
The First Mate quickly retrieved the captain’s red shirt, which the captain put on and led the crew to battle the pirate boarding party.
Although some casualties occurred among the crew, the pirates were repelled. Later that day, the lookout screamed that there were two pirate vessels sending boarding parties. The crew cowered in fear, but the captain, calm as ever, bellowed, “Bring me my red shirt!”
Once again the battle was on. However, the Captain and his crew repelled both boarding parties, though this time more casualties occurred.
Weary from the battles, the men sat around on deck that night recounting the day’s occurrences when an ensign looked to the Captain and asked, “Sir, why did you call for your red shirt before the battle?”
The Captain, giving the ensign a look that only a captain can give, exhorted, “If I am wounded in battle, the red shirt does not show the wound and thus, you men will continue to fight unafraid.”
The men sat in silence marvelling at the courage of such a man. As dawn came the next morning, the lookout screamed that there were pirate ships, 10 of them, all with boarding parties on their way.
The men became silent and looked to the Captain, their leader, for his usual command. The Captain, calm as ever, bellowed, “Bring me my brown pants!”