RE: John Meyer16 Jun 2024 19:00
Eua is very undervalued because they've not sold anything much . But now they've sold half the stockpile !
Got the money in !
Which to me is proof of concept. So they are completely undervalued at 2.6p .
Forget raises .
We are revenue generating now .... this is big news.
The share price is too low for the value of the company and that's going to get corrected this week in my view.
They sold material from WK in Russia locally, which means the buyer of the assets will know they can do the same .This is good....this is proof to the buyer that you can operate easily in the area ,and the buyer will see how much money per ton the product is now worth , which they could not before, they could only predict !
Good for EUA... company has demonstrated to the buyer the process is workable and that our mine can generate good income.
Anyway.....So now any buyer can literally see the money. This is important.
It's just a shame to learn all this from comments from Meyer via Justin Waite podcast, but are we calling him a liar.... I don't think so.
I don't he would make all this up frankly.