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I've only ever seen a PME when the price has moved more than 10% but it's closed at around 5% today. Oh well, they don't really mean anything anyway.
Enjoy your weekend everyone.

As I write this the SP stands at 23.5p which is about 10% up on the day but even from here we need a further 55% increase to get the SP back to where it peaked 3 months ago. Even with this good news the market isn't putting the SP where it should be.
The JORC confirms a minimum $1.2bn (£900m) in the ground but we still can't get a market cap over £700m.

CeeJay, I'm away this is just a proportion of the company value but I'm asking what proportion. Is it 5%, 20%, 50%?

Of course, it's too early in the morning to think straight. So a dollar to GBP puts it at 31.5p to 44p SP for that element of the company.

So the JORC puts a valuation of some of the assets at 1.2bn to 1.7bn. If that was 100% of the company's assets (which it isn't) it would give a share price of 42p to 59p.

So what proportion of the total assets are we talking about here? Does this JORC help us the update the total value of the company?

Were RBS ever in?

kopf, the last time I predicted the SP would fall because that's what it always does the SP actually went up..... But then dropped straight back down again.
I reckon it'll go up again this time as well. Hopefully push us back to 30p before another slow decline as wait for the other RNS.

I bet you came here to post about the RNS before you even read it didn't you?

From the RNS dated 28th October 2021...
"Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms."
So it's true that there is a possibility that we may one day see an RNS stating a sale will not be completed.

However, from the very same RNS...
"Further to the proposal from the credible party on the potential asset sale the Buyer has informed Eurasia in writing that it has successfully completed its due diligence."
Also....
"since the receipt of the Proposal in May for the potential acquisition of substantially all of the Company's assets, additional interest from other parties is being considered by the Board."

So not only do EUA have a proposal on the table for a sale, they also have a plan B just in case plan A falls through.

So which outcome looks more likely? Deal or no deal?

That's a very contradictory post JohnDoe888. I said "I might get tempted to double up here if there are any signs of good news" which you said I'd be a fool to do but followed up with "until AZ and the company show some change in the way it's running ... then I'm not going to plug anymore into this" so you've basically said the same thing.
I'm hopeful of cashing in on profits from elsewhere regardless of what happens here. I certainly won't be taking profits from elsewhere purely to raise the funds to plug more in to SYME. There will definitely need to be some very solid signs of a brighter future before I was to throw more money in to SYME.

My 2 pence worth is this....

I suspect the SP will continue to dwindle downwards with just the occasional small daily increase due to the lack of any positive news. We could definitely see 0.1p or even lower as more people sell up to cut their losses. Once we get to those levels it could be seen as a very good entry point if you have any confidence that a corner will be turned.
I originally invested at 0.4p so like nearly all of us I'm sitting on a loss but if I cash out some profits on some other investments I might get tempted to double up here if there are any signs of good news on the horizon and no further bad news in the meantime.
This is definitely a 50:50 investment that could go either way long term. Those that stay in long enough could lose every penny of their investment but we could also see huge gains very quickly if all goes to plan and things get back on track.
Fingers crossed for the latter.

The best approach is to sit back and completely forget about EUA until you get a notification of and RNS. Small price fluctuations are irrelevant until the big RNS drops. Even news that the due diligence is still ongoing is irrelevant for now.
This whole process is taking longer than anyone expected but as long as we know it is ongoing then we sit any wait.
Mac, Tilly and all the other high & mighty crew are just wasting their time posting dozens of times a day thinking they're clever and 'in the know'. What they know or don't know isn't going to make the RNS come any sooner and it won't affect the share price/dividend price when the RNS comes.
I haven't even looked at this board for about a month and you know what, my investment goes up and down exactly the same as those that spend 12 hours a day wasting their time on here.

7Digital could still be a good buy for those willing to take the risk that the pending contract signatures are really going to come to fruition and be profitable. The SP could rerate very quickly on news of good contracts and eventually news of profitability.
It is a risk though as 7Digital has nothing but disappoint over the last few years. I'm biding my time and waiting to buy in again at the right price. Despite today's rise, this still has the potential to drop further.

Mr Green, that's actually one thing where I 100% agree with Mr Land worthy. The share price will reflect the current state of the company unless there is any deliberate manipulation going on. I'd rather see the CEO concentrating on making the company a success with the share price following rather than trying to manipulate the share price even if the company performance doesn't reflect a higher price.
If the company can make a profit, the share price will go up. More contracts will increase the share price, more revenue, more cash reserves, higher margins etc. All things the CEO should concentrate on every day.

Congratulations Novice, you've hit your 20% target a lot quicker than I thought.
You may have been going for a 20% profit but I guess the 20% loss was always more likely.
Are you selling out before this drops to an 80% loss at the end of the year?

9 10 11 12 looks like it's time to shelve (any plans to get rich quick. Patience is needed with this one)

The warnings have been there for years. 7Digital have always over promised and under delivered. It was the same under Simon Cole and it will continue under Paul Langworthy. They are doing business within an industry with massive potential but achieving none of the potential themselves.
Over the last few weeks I considered buying back in to 7Digital to cash in on the big jump that would have come from announcing profitability but luckily I held off because I've been burnt in the past and didn't want it again.
If the SP drops back to under 0.2p again, which really wouldn't surprise me, then I may dip a small toe in the water.
The potential is still there but it definitely needs much better management to achieve it.

Novice, there have been no 2,000,000 trades gone through this morning.
There is also no 20% recovery coming.
If you did buy any at 0.56 this morning you'll be lucky to break even by the end of the day.
This is only going to go further down until we see any genuine good news of BIG contracts or proven profitability

I'll be very surprised if this manages to stay above 0.5p today. We could even see a drift back down to the previous lows of 2019.

Gecko, I think you'll find you're the one with the short memory. Virtually every RNS this year with any positive news in it has been met by a drop in the share price. If you haven't noticed you need to pay more attention.
This isn't me deramping, I'm just stating historical facts.

As for my holding, not that it's any of your business but I haven't sold out. I still have my shares and even tempted to top up. I might even do it on the dip on Monday.