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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.
We will definitely see a drop first thing Monday morning. It always happens after an EUA RNS
If 2021 has taught us anything about EUA it's that a seemingly positive RNS is nearly always followed by a decrease in the share price. It honestly wouldn't surprise me if the SP falls 10% Monday morning before starting a recovery for the rest of the week.
For those that have read the latest RNS and are unaware of what a JORC report is.....
What is the JORC Code? (Source www.jorc.org)
The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ('the JORC Code') is a professional code of practice that sets minimum standards for Public Reporting of minerals Exploration Results, Mineral Resources and Ore Reserves.
The JORC Code provides a mandatory system for the classification of minerals Exploration Results, Mineral Resources and Ore Reserves according to the levels of confidence in geological knowledge and technical and economic considerations in Public Reports.
Public Reports prepared in accordance with the JORC Code are reports prepared for the purpose of informing investors or potential investors and their advisors. They include, but are not limited to, annual and quarterly company reports, press releases, information memoranda, technical papers, website postings and public presentations of Exploration Results, Mineral Resources and Ore Reserves estimates.
I saw a post about a week to 10 days ago from someone suggesting that there may be a raise coming in the future and they were shot down by the many dellusional rampers on here saying there was absolutely no need for it because the company had plenty of cash in reserve to go forward with their plans. Just a few days later we get the RNS for the placing. It goes to show that absolutely no one on this board knows what the future holds for EUA and its investors.
A sale and dividend is probably but not guaranteed.
Further placings may be possible in the future.
A lower SP is definitely possible while we continue to wait for the potential sale.
Tilly, I assume that is meant to be a humerous response as that is clearly NOT what the funds will be used for.
If it's not meant to be humerous then it's just plain stupid.
I have been a long term holder of this share in the past. Originally bought in at 7p many years ago but held an average at 3p so was looking at a 96% paper loss when it hit rock bottom. Unfortunuately I didn't take the opportunity to really top up at that time which would have been the best move in hindsight. I also didn't take the opportunity to to sell for a profit when the share temporarily went over 4p on the Triller news. I eventually sold out at about 1.5p for a 50% loss with the intention of buying back in before the company makes the official announcement of hitting profitability. I believe that annoucement is imminent. If Paul is to be believed, the company will be profitable in 2021 and most likely in the H1 results that must be due very soon, possibly by the end of the month.
I would expect the confirmation of profitability would increase this share at least 100% from today's price and confirmation of a full year of profit could easily double it again. For those that are currently holding, things could start to get interesting from here on in. For those like myself looking to buy, don't wait too long as this won't stay under 1p for much longer.
LTH rampers will still value the company based on 3000 and ignore the drop
"No chance to buy Monday or any other day"
Why would that be? Surely they can buy shares any day of the working week unless the shares are suspended. Do you know something we don't?