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IMO the state would not want to let EUA go to an outside company however I believe that what we have in asset price will be difficult for a single company to buy and wonder if we have a JV or, more likely, a consortium bid coming
Same goes for me Ned, first purchase was £0.004175 in May 2018, lovely. Average pre suspension was £0.007p but topped up a small amount the day that we came back to the market. Looking forward to the £1.43-£1.81 partay!
Until the ground is proven it’s just land, exploration companies identify and apply for that and then sell or going into JV’s with mining companies, very basic overview.
NN (as an example) will also be exploring and I’m sure have other sites in mind and under their control but there is a limited about of time attached to the license so IMO it’s a balancing act.
I’m sure some will correct any mistakes I have made with the above but just my understanding of things
But Mac, there has been a worldwide pandemic which is bound to have caused delays. Let’s just agree that it is a formality, it will arrive but it might not be Monday so those that haven’t held this share as long as we have are not too disappointed.
Yes that absolutely makes sense to me but what I am trying to convey is that it doesn’t mean that it’s an immediate thing. Surely?!
No one else can mine this land so the data is of no use to anyone other than us but we can’t mine it until we have the license so the data, AIMHO, is irrelevant until the license is issued. I am sure this will be soon. I will be delighted if it is soon but I won’t be selling any shares if it doesn’t land on Monday.
Mac, Why do you think that just because the drilling data has been handed over that the flanks license is coming over faster than all other licenses issued to date. I’ll be delighted if we get it Monday or sometime next week but on the basis that there were delays previously I am not expecting this.
I doubt we will see the flanks RNS soon, the license was submitted three months after Tipil, I hope they are working overtime to catch up but can’t see it being this soon. Still plenty of things to look forward to over the next couple of months.
I took it that when we get the flanks approved 70p is more than likely. Yes we are being sold but no one knows what the price will be so let’s be happy that 70p without a sale is a nice position to be in.
People can change and change their mind. I believe that there has been a falling out between the aforementioned but who knows. While we await a sale it’s nice to see that chartists can be bullish about EUA and give comfort to anyone thinking about investing ahead of the sale. He has posted the chart a day early, target 70p, 20p to 70p seems a good investment to me so jump on it you aren’t already (DYOR).
I have previously advocated a sale based on assets not SP however for those in disagreement with my thoughts a 70p pre sale SP will give us a very nice return even if we ‘only’ get 40% premium.
GLA
Morning,
Zak has stated that he will be doing a long term chart for EUA tomorrow, it sounds good and I’m sure will include some insight into the company. For those recently invested that may not have had the opportunity to fully review the company due to the magnitude of the assets held etc I would recommend keeping an eye out for it. Should be a link through his twitter account.
Have a good weekend