It was a big mistake selling cheap large stake to KIBO. thats imply that EQT assets have been overvalued as they only able to sell assets cheaply.
hence, this mistake will make investors wondering whether EQT is actually overvalued?? so, i expect further weakness in sp as our mcap still too large at around 100m when assets are worth peanut -evidenced by cheap sale price to KIBO
how KIBO going to pay for buying into EQT project? sounds like indirect placing. if EQT to be issued cheap KIBO shares, EQT will easily dump those shares and KIBO sp will decimate.
may explain why sp not rising, many expecting some sort of placing here.
you have done well by buying low here and sell high.
i can see the next one worth buying while still low is THR. still only 15m mcap and drilling copper ongoing and also drilling uranium soon. should start rising from sub 1p.
so, am guessing THR will soon have AURA style rerating. dyor as usual.
RE: "4th richest family in the Netherlands are building a sizable stake in Baron"13 Sep 2021 13:46
just a rumour. if they are really keen, they would have contacted the company directly and ask for coming in large size. otherwise sp would have been risen pass 10p already
also, why would they want to buy just in BOIL? they would probably buy into ADV first as ADV is drilling same country this year and more advanced stage than BOIL. surely they are smart enough to figure that out.
RNS clearly saying recent placing was only to cover rig contract. and they will need another fundraising to cover cost of drilling. so. at what price is the next placing? may explain why CEO now in PR mode.
was reading somewhere, it does make sense if PREM can rise and be the next EUA. after all, lithium asset in Zulu is the largest potentially in the world.
now, if true, those who sold, may want to start buying back in !
our asset in Wressle alone worth more than mcap. when can we attract more buyers to buy up shares? they are waiting for sp to have risen to 2p and then jump in??
uranium price been rising rapidly. AURA has had its day. soon will be our turn, for the naysayer, if you have sold, then time to buy back in while still cheap.
our mcap very low. and copper and uranium for me in next few weeks