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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?

The last few RNS to be released that appeared to be good news have been met with a decreasing share price so don't be setting your expectations too high about a 5 year mining plan being released. The LTH rampers will no doubt tell you the next RNS is yet another game changer but it's the market that gives the real view of how the news is viewed.
Just because we've seen a good couple of week to climb back above 30p, it doesn't mean we'll stay here. Hopefully we will but EUA has been highly unpredicatable for a long time.

I really don't see what the problem is. You can see the more accurate live price on various other platforms including Google Finance then you receive an actual live quote from HL once you request a quote to buy or sell.
I've just done a dummy quote to sell 10,000 shares and it updated from 32.5p to 36.2p so it's definitely giving live data whn you actually try to trade.

As long as it's an increase rather than a decrease I'll be happy. After several months of watching EUA drop, drop & drop further, even a stead hold above 30p will be nice viewing for a few weeks.

You're still talking a fraction of 1% of the company so while that volume may raise eyebrows, I still can't see it affecting the SP in any significant way.
I'd imagine once the dividend has been taken there will be huge volumes of shares sold as people exit from their current investments with a tidy profit.

You'd have to own one hell of a lot of shares to influence the share price even the slightest bit by selling your entire holding in one go. You'd need to own £8.4m worth of shares just to own 1% of the company at the current SP.
Assuming you own less than £100k worth of shares, it won't even be noticed as a single transaction.

The price will be what the price will be. Low prices are great for those looking to buy shares, high prices are great for those looking to sell. For those looking to hold and wait for the dividend coming from the asset sale then the current SP is pretty much irrelevant.

Great post, would read again

The rampers seem to think that a very busy chat board full of positive posts is going to boost the SP and ultimately result in a bumper pay day when the sale concludes. However the reality is the SP continues to drop and the outcome of the EUA sale will be exactly the same whether this or any other chat forum even exists.
Anything said on here (including all my posts) is completely irrelevant to the running of EUA, its market valuation and its potential sale.

"what happens tomorrow"

If the big RNS drops and you hold EUA shares you potentially gain some extra money.

If the big RNS drops and you don't hold EUA shares you're potentially out enjoying the sunshine, playing with the kids, a hard day at work, sky diving or whatever else takes your fancy.

Either way, you'll only gain through your own portfolio so no need to worry about the investments of others.

People having been saying every single day for the last 12 months "I feel sorry for the people that are out of this when the big RNS drops" but the big RNS has never come. What has happened is the SP has peaked over 40p and dropped to 15p. So those that were out over the last 12 months could buy in now and be better off than most. They could potentially buy back in in another 3 or 4 months and be even better off than now. If you're not invested in EUA when the big RNS drops you've lost nothing, you just haven't gained anything.
I haven't gained £190bn because I don't own Amazon but that doesn't mean I've lost out on £190bn.
Worry about your own portfolio and what you personally stand to lose or gain. The fortunes of others is not your concern.

Gecko, there should be very little difference between the dividend (for substantially all of the company) and a full company sale.
If the board do actually get a sale for substantially of the company assets, there should be very little of the company left. Therefore the remaining share price after the dividend will be very low although there will be the potential for more growth in the share price if the remaining assets are successfully developed.

I bought in to this one with the expectation it would be a 5 year hold. I have a minimum sell target of 3p but I'll reassess as the company developsy. At this point in time the limitations of the company are completely unknown and open for anyone to have a good guess at it.