Haha, fair enough. Just listen to Tilly's nonsense. +20% on the week my ar3e.
Forgive me for being dense but didn't the share price open on Monday at 23.3?
Somebody call the papers. Night didn't turn into day.
Yeah, all those market makers collude to manipulate the price of EUA.
Tell me, do they just do this to EUA? Or do they do it for every share?
MMs simply set the price that reflects the supply and demand in the market. It's easy. There is no conspiracy.
Yeah, it's the MMs. That'll be it. Rofl.
So hydrogen fuel cells are being pumped by ... The Hydrogen Council.
In other news, the NRA have announced they are minded to be in favour of guns, and the National Union of Turkeys have overwhelmingly voted to cancel Christmas.
And groundhogs are doing whatever groundhogs do.
But at least there were no effing pirate wannabes on there.
Haha yes I joined that Telegram group for a while when I was invested. It was even more happy-clappy and ramptastic than this board, if that's possible.
If you think there's no risk or uncertainty at all, then you're a fool.
The level of risk may be very low, but it's never zero - and even if everything ends up swimmingly and you get your "Lambo money", that doesn't mean there was no risk.
I remember being told about a year ago that this would be the last chance to buy under 30p. Maybe this time it's right. Maybe.
NCYT? The share that's down 10% on the week and 75% on the year? Are you on crack?
I believe the comment yesterday (and I'm pretty sure, as it was me that made it) was that the market is generally bouncing around between 20p and 30p, with the odd meander up towards 40p after positive RNSs.
I'm not sure the current 25p really invalidates that comment very much :)
But I'm delighted if it goes up further. In general I don't like shorters, even though I do believe that philosophically shorting has a legitimate purpose, so if shorters get hurt a bit and investors do well I'll be delighted. The last thing I'd want is for small PIs to lose money.
So hydrogen fuel cells are being pumped by ... The Hydrogen Council.
In other news, the NRA have announced they are minded to be in favour of guns, and the National Union of Turkeys have overwhelmingly voted to cancel Christmas.
I am not currently invested - I sold at 30p. That may have been a mistake, or it may not. Time will tell. For shares that I am curently invested in, I want to hear both positive and negative opinions - including from people who have decided to sell. More information is good. Some of those people may have opinions that are worth considering - even if the ultimate result of that consideration is that I don't agree with them. I don't think such people are evil or dishonest.
If there's one thing I really don't trust it is absolute, dogmatic certainty. I am not always right. Neither is anyone else. Reacting with rage and insults to someone who disagrees with you isn't just impolite - it's stupid. Muliple viewpoints are GOOD.
What's wrong with having a negative view on a share? That's neither honest nor dishonest in itself, any more than having a positive view is. If only positive opinions are allowed then what on Earth is the point in having a discussion board at all.
Or, indeed, anything.
The placement could very easily have been forward-sold into the contrived 38p spike. II makes a guaranteed day-one profit and gets to sit on the warrants at no risk. EUA pick up a nice wedge of cash. PIs get diluted but don't get upset as it means "OMG a huge II is buying in we must be golden", even though you'll never find out who the II is as they only held their shares for minutes. Job's a good 'un.
I'm not an EUA expert. Just about nobody on this BB is an EUA expert. However, most people on this BB, who are after all investing in a relatively small-cap exotic miner, really should have an understanding of mining asset valuation. There's been lots of talk about due diligence recently - seriously, do your own due diigence. Which doesn't mean listening to what the loudest voices keep shouting incessantly.
By all means, don't listen to me. But don't listen to the (probaby paid) rampers either. Do your OWN research, and don't lose your shirt to rampers who will be the first people out the door when the house of cards starts to teeter.
I don't value the JV (which is of course in Monchetundra) at 20p really (the proportion of it that EUA actually own) but if there's a competitive bid situation it could happen. people get very excited about numbers like 104Moz and try to multiply that by a proportion of the spot price, but that's just not how mining valuations work- even if the resources were fully proved up, which they emphatically are not.
MT and flanks have a value, but much less than even the JV assets.
WK is a joke.
I suspect the partial sale, if there is one, will be of the Rosgeo JV assets.
Hawkspear - I know what PGMs are worth once mined and refined. That's enormously (humungously!) different to the value of indicated/inferred resources still in the ground. Even fully proven-up resources trade at a huge discount to spot. That's just the way it is. If you don't get that - well. You're in for a shcok.