George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
I'm with Geld on this one. The ability to short a company is a good thing.
Obviously most of us buy shares to try and make money from good profitable shares that are on the rise but what's wrong with allowing people to make money from a declining company? Are you in favour of only allowing people to lose money when a company under performs?
The thing about rampers and derampers is that it's all just opinion and guesswork. No one outside of EUA actually knows what's going on.
Many rampers will post positive info based purely on hope. It's what they want to happen and they think if they say it enough on here, it might become reality.
The truth is that not one single thing that's ever been posted on this forum has ever affected the share price of EUA. The steady decline over the last few years has all been due to the poor performance of the company and the external factors that have severely limited it's ability to push through the sale.
Pre-war this forum would have me believe the sale price would be north of 150p but right now I'd be absolutely delighted with 10% of that. A 15p sale to recover some money would make me very happy.
Can someone please clarify for me just so I can put this one to bed. For anyone that still held shares in this failure of a company is their money gone and never to be seen again?
Luckily I only had a fairly small holding in this one but it's disappeared from my Hargreaves Lansdown account so I'm assuming I can put it down as a 100% loss and forget about it.
Averaging down could be seen as throwing more money after bad so you do have a choice.
My investment is down 84% at the moment but there's no way I'm throwing more money at it.
I've just written this one off as a bad mistake that'll never come good but I'm holding what little I have left just in case.
If things eventually come to a happy end in Ukraine and Russia starts to sort itself out then who knows what might happen.
Responding to my message instead of creating a new post would have made your comment more topical.
I've pretty much ignored my EUA investment for a long time now. Pretty much written it off as a total loss but still have a feint hope that it may one day come good. So I've paid no attention to any of the RNS issued in the last year or so. Has anything at all been said since 26th March 2021 about whether EUA will be taking up the option to gain its stake in the nine new mines? If nothing has been said in the last 2 years then I wouldn't expect anything to be said in the next 13 days. They may have set a 24 month deadline but the one thing that can be guaranteed with EUA is that deadlines come and go with nothing exciting ever happening.
Mac would definitely win any competition for the longest sequence of 'green bins' as you all childishly call them. He has 99% of lse users blocked because he's too blinkered to see EUA isn't all sunshine & roses.
When will people realise that basing comments on reality rather than fantasy isn't deramping, it's just being honest.
MAC, would you have been celebrating a 7p share price 2 or 3 months ago? Yes it's nice to see a 45% rise in a day but we're still well down on where we want to be and still waiting for a sale announcement so there's still nothing to celebrate.
I suppose it's easy for you sitting an on average of about 1p or less but for most of us, we're still a long way from breakeven nevermind a profit.
A 400% rise today would mean that many LTH are only 50% so yeah, that would be nice.
I compare the sale of EUA to the sale of a house which is the most expensive thing that most people will sell in their lifetime.
If you were to put your house up for sale and receive interest from several interested parties you'd have an estate agent to make sure those that actually persue an interest have the ability to buy your house. If you were then to receive an offer on the house you'd then enter in to exlusive discussions with them to progress the sale. Other interested parties may still linger in the background but you'd be unlikely to have much contact with them as long as your buyer is still progressing a sale.
The difference with EUA is that they don't seem to have got to the point of having exclusive discussions with one single buyer and until that starts to happen I have no confidence that a sale will be completed in the near future. We've been waiting and waiting for over 3 years for this sale and I reckon we have a minimum of 12 months still to wait. It could easily be a lot longer.
Until an actual buyer is specifically named in an RNS then the SP is likely to continue to drift. Most of us are already under water with this one but I expect to get closer to the bottom before we start to swim back up to the top.
Mac @ 15:26 "Experts vs Green boxes, the choice is very easy imho"
Most of the so called green boxes on this forum are experts in how much bull you post on here.
The only experts you're actually posting about are the ones that have dragged out this sale process far longer than any of us imagined it would take. When Ian first started his posts about when the big RNS will drop did anyone guess it could be well in to 2022 or even 2023? The reality is we have absolutely no idea what is going on or when it's going to conclude so when you talk about experts, there are definitely none on here who are experts in EUA.
Neil, if you were to look at my posting history here you'd think I was only invested in EUA but that's far from the truth. I don't think you can judge someone's portfolio based on what the comment on.
I have 16 other investments at the moment. Most are fairly safe and stead growth companies that have done me well for years so I've never felt the need to chat to strangers about them. EUA is a more interesting one because of the potential sale so I pop in here once in a blue moon to see how things are going and it's the same old story day in, day out. People bickering about who has the biggest portfolio and how many people they can filter. It's ridiculous.
Lucando, I'm not a trader, I'm just a retired old bloke that has a few investments that will hopefully make me some money to fund a few holidays then eventually pass down to my kids when my time is up. I invest based on the potential future performance of a company. I have invested in EUA because of the potential future sale that should be at a value well in excess of the SP I invested at. If a few people decide to short EUA while I'm invested, good for them. Having seen the SP slide from 30p to 7p in the time I've been watching EUA, the shorters have probably made more money than those that haven't shorted. If it annoys you that the shorters are making profits, maybe you shouldn't invest in a company with a declining share price.
Lucando, I've seen lots of people mention 'taking profits' from their investments which involves the selling of shares and increasing the amount of shares available. So I still struggle to really understand the difference. Shares are bought and sold in every single stock, every single the market is open. Does it really matter if it's for a short or not?
FYI, I'm not a shorter and wouldn't have the slightest clue how to short a share.
Can someone please explain to me how someone else opening a short position has any effect on any investment you might hold in EUA? People seem to get so upset about it but I just don't get it. You're basically betting on the SP going up and they're betting on it going down. Is it not the same as one person placing a bet on Man City to win the title and someone else betting on Liverpool to win it? They may have opposing bets but neither of them are actually influencing what the end result is ultimately going to be.
Aspenwood, on this board you can tell people the sky is blue and the grass is green, you'll still find people to disagree with you.
We've already had a couple of RNS that have said the current sanctions don't affect us. I assume we'll only get another RNS if that were to change. There's only so many times they can tell us nothing has changed.
Neil, I don't think a sale will be enough to stop Mac's daily cut and paste. He'll still be here long after this is all over finding something to cut and paste. The big difference is that the rest of us will have less of a reason to check in here.
I'm hoping that the divident paid out as a result of the sale is big enough that I can sell any remaining shares and I'll never have to come back on this forum again to see what's going on. The wait for this sale has been a long one but fingers crossed it eventually becomes a profitable one for all involved.
"As Mac says, you need to give reasons to suspend"
Yesterday's RNS suspended trading and be no reason for it.
Today's RNS resumed trading and gave no reason for it.
They can and they did suspend with no reason given.