Member Info for GingerHippo

So we've just taken on one of the nine pits which total 104.6M oz of Pt. So each pit has 11.6M oz of Pt on average. Would it be reasonable to assume that the first one they go for is the biggest? It's at least the best (ie most accessible), but I think it's fair to assume we just got 75% of 11.6M oz of Pt.

11.6M x 0.75 = 8.7M oz
@ today's price of £1,165 per ounce makes that worth $10.1Bn.
That's £7.1Bn.
Take 10% to get in situ value of about £710M, which is more than our current mcap.

Share price reaction? Down 2%!!!
The price is so very clearly being manipulated. It's shocking.

Fair point. Let me rephrase.

If you're complaining that you're down on this investment, you've either mis-timed your entry, or you don't have enough patience to wait until the true value here is recognised. But being down here doesn't make it a bad company, a bad BoD or a bad investment, so please stop posting negatively about the company just because you happen to be down right now.

GFD, the day you sell out at 22p complaining that the BoD are rubbish for doing enough to shore up the share price, you'd join that category. Somehow I think that day will not come.

I'm also assuming that 35.5p is not your average......?

Mooching, not if they have the patience to see out the potential they saw in the share when they bought. The moaners / people who have sold out at a loss don't have that patience and have made a loss or are too focussed on their paper loss. That's not the company's fault. These tend to be people who bought on sentiment when we were over 33p. AKA rainbow chasers.

Just want to point out the harsh truth here.

Some people are complaining they have lost money here and ****ging off the BoD and the company. I do feel bad for anyone who loses money on investments, but here is the harsh reality:

The BoD and company and phenomenal, YOU'RE JUST BAD AT INVESTING!!

There's absolutely no point pointing to the all time high and complaining we're not still there. By it's very definition we're not likely to be at the ATH much of the time.

We only very briefly touched the 40s, and as we know that was due to IIs buying due to the MSCI index. The average price the last 9 months is more like 27 (look at a 1 year chart if you don't believe me) , so we're not exactly a million miles away from that, and pullbacks / consolidations are very normal. Looking a little further back, we have multi-bagged from the early 2020 level.

A few people here started off here a bit positive, then very positive, then had one tiny wobble, then became a bit negative, then became proper derampers who won't shut up.

Basically PIs who don't have the discipline to be LTHs.

Tommy, we entered into the MSCI index in November. We are still in it. In fact we have recently been added to additional indexes, so I think your worry is misplaced.

Wakey wakey

There's absolutely no point pointing to the all time high and complaining we're not still there. By it's very definition we're not likely to be at the ATH much of the time.

We only very briefly touched the 40s, and as we know that was due to IIs buying due to the MSCI index. The average price the last 9 months is more like 27 (look at a 1 year chart if you don't believe me) , so we're not exactly a million miles away from that, and pullbacks / consolidations are very normal. Looking a little further back, we have multi-bagged from the early 2020 level.

Think you're missing the point. PIs are panic selling while IIs are calmly buying. That says a lot.

To counter those losing their heads and selling, please note that according to MorningStar, IIs bought at least another 568,197 shares yesterday.

Let that sink in.

Toon, it means that someone with deep pockets has been buying shares from panicked PIs who are selling shares on sentiment, as many of us have been saying all day.

I don't believe you're his cousin.

Thanks for the words of support. I think they'll last so there's no reason for me to read any more. Filtered. ATB.

Look at the ACF report, EUA presentation and RNSs, not the share price.

Nuff said.

Roger, you say the BoD haven't given any updated since 1.9M oz at MT.

Have you seen the presentation they produced last year?

https://www.eurasiamining.co.uk/component/rsfiles/download-file/files?path=Presentations%252FEUA%2BPresentation%2BSept%2B2020.pdf&Itemid=693

Clearly people are nervous because your post got so many recommendations. That's probably the main reason the sp is going down. It goes down due to lack of confidence, and confidence is going gown due to the sp going down. It's a vicious cycle that will continue until news mainly because (and I'm sorry you don't want to hear this) panicky PIs keep selling because the sp is going down, not because of the fundamentals which has improved massively in the last 6 months.

As you can see, IIs are loading up. It's only PIs that are worried.

Look, I totally understand the worry and frustration. There's a lot of money at stake here. But try to separate your emotions from the rational analysis of the situation.

1) The share price has gone down virtually every day for a few weeks, and every month this year, despite the fundamentals becoming better and better
2) IIs have been buying and buying and buying

hhhhhhhhhhhhmmmmmmmmmmmmmmmm...........................................

I'm very much enjoying how many people are playing the role of the only mature, grown-up, sensible voice on the board.

There are actually plenty. And lots of great posts every day.

That's a great theory(!) You think the BoD pumped the price and then instead of selling their shares to make hundreds of millions, they did a placing to raise twenty! Rare to find someone snatching such stupidity from the jaws of brilliance................

Come off it will ya...!

The vast majority of rampers are saying something like 78p-£1.50. ppl see the one or two rampers who have said £3.50 or £10 and grouped all rampers together as if everyone has been throwing around these numbers. In reality, very few people have said that.

Please stop making huge generalisations about the entire board making huge generalisations.