Member Info for Kabaa

thought the bull move had finished on Friday and over the weekend....My gosh how wrong you were! Never mind, you'll learn.

See you tomorrow when the price has got a 3 in front of it...

Hold.

Thanks.

It is my understanding that these market makers HAVE TO make a price for at least 300,000 shares. So when they are sitting on the offer at 2.4 and you can't get an online quote, there are ways to force them to let you buy that amount.

The only way I know how to actually force them to take this order is by phoning your broker and screaming down the phone at them to put it in the market. If they are quick enough, they will do it.

How are these people buying 500k??????????????

I can't buy more than 25,000 shares. RUBBISH BROKER!!!!

https://www.bloomberg.com/news/articles/2019-10-28/why-palladium-is-suddenly-a-more-precious-metal-quicktake-k2ap4ryc

Anyone here in Eurasia mining? Would be nice for bids to come back to life here. It'll have it's day again...

Thanks to the poster who posted this earlier.

Needs to be translated but I didn't know the strategic advisor from Goldmans invested 10 bars into this in recent years...

https://www.rbc.ru/newspaper/2019/09/20/5d81f61b9a7947ae33b4faab

Have put in a couple of 300k limit orders at 1.8 and 1.9 just incase of an early morning treeshake.

Thank you for explaining to us how to avoid being a victim of a pump and dump Cindy.

Jrlomax - Not necessarily. If you are buying a whole company, you want the share price low not high.

If a potential takeover bidder comes along and buys 10% of the equity and has to announce this, the share price will go through the roof and not strengthen their hand. Say if it went to 15p and someone bids 20p - many shareholders will vote no.

Whereas if someone bid 20p tomorrow morning, I think everyone here would instantly accept lol.

Mornington-oz - ''Do you think a takeover is likely?''

Yes. Judging by this years RNS's, the interviews with Dmitry and Churakov and the 2 large investment banks involved and current Platinum shortages, I think this will get taken out fairly soon.

It may take a while to negotiate and complete a sale but we are going to have a lot of fun inbetween laughing at the traders trying to dance between the raindrops. That's why the best thing to do is just hold imo.

It is not often that a company is suspended on a takeover bid and I rarely see this.

What often happens is you get an RNS one morning at 7am saying e.g. xyz has tabled a bid for x amount per share. The shares usually open up x%. If the market believes it's only a starting bid, the market will trade above that amount. If the market believes their is risk in the bid collapsing, it will trade a little below the bid.

In this case you may see someone bid e.g. £300m for the Monchentundra license. I believe if this happened, we would instantly open up about 14p and maybe rise to 18p. Why not 12p? Because they could get outbid by another investor and it also shows that management is competent to sell the WK asset also.

I remember Earthport was recently trading at 8p. They got a bid for 30p and the price instantly went to 28p. A week or 2 later another 1 or 2 players started increasing the bid to around 33 and 36p, the shares instantly shot up to around 48p in excitement of a bid war. I think one pulled out and it went for about 35p from memory.

Could we PLEASE stop talking about Robprofit! I think I speak for many when I say this little squirt does not interest me.

I've been following this company for years and have always thought it had a mega upside.

What really interests me lately is that 1. WK is ramping up for production next year and will be taking 100% of the profits rather than 30%. 2. They are applying for licences adjacent to the area to significantly increase resources and 3 Are looking to upgrade the class of reserves they already have by year end. This asset alone I believe will be worth multiples of the market cap. It has also been included as an interest to larger investors.

But what will be the real sp changer here imo is the Monchentundra license. As far as I know, they have taken about 15 years to get it, finally got it early this year and have been clearly making a lot of progress.

In this interview 24 mins, Churakov makes some very interesting comments:

****************************/articles/eco-atlantic-oil-gas-safestay-and-eurasia-mining-8da333b/

1: (Asked about upgrading their potential reserves and resources from 2m to 15m) he responds ''We believe this puts us in a completely different league to other Major Palladium companies. And we believe 15m oz of Palladium is just the beginning, we are looking at several other licences adjacent that could take us to 40m oz Palladium. Having said that with 15m oz of Palladium, we believe we are very attractive to large strategic investors''
2. When asked about other huge c.1bn transactions: ''Kevista got sold for 750mn plus they got a 2% net smelter royalty (this is huge) and in our view, Kevista is far less developed''

He also goes on to make comments that the NPV should not only increase by 70% due to old $1000 pd prices but as the extra $700 falls straight into profit, it should be multiplied.

Sorry for the scrappy notes - please listen to the interview and discuss - far more interesting than trickydicky and rob!!!

Very occasionly on aim you get a 50-100 bagger.
They're usually junior miners that have been overlooked or discarded by many for some reason.

When they do actually become a success, every time, all the way up, you get hordes of envious people screaming that the share price has gone too far and will drop.

No matter how much glaringly obvious evidence smacks into their face that they were wrong, they will call it a conspiracy, a fraud, dodgy deals with their mates. The reality is that they were just wrong and aren't man enough to admit it.

The palladium price has been rocketing. 2 biggest investment banks in Russia and China involved, interviews with Alistair ford, ex Goldman guy, strategic advisor, Dmitry, in recent days, warrants exercised to be involved, Eurasia tweeting and even rns'ing similar $bn deals that their nomad would have to pass.

Do people honestly believe all of these people would risk their career and life long reputation on an orchestrated conspiracy to get the share price up when the directors have already told us 1. they're not selling a single share. 2. They do not need to place shares.
Then why would they do It? What would be the point?
They wouldn't and the hordes of green monsters that missed out on this and are too cheap to pay up to get in are talking utter codswallop.

The company are comparing it to deals that would suggest beween around 25-75p.

This could be bigger due to Palladium prices in 2019 and quantity of resources.

At 2p, the price is offering an upside i've never seen on aim before.

We went up very fast and a few people could not risk taking a quick profit. Many of them will not be able to buy back their shares though, when we have the next wave up.

Eurasia is comparing our kola asset to 650m, 1bn and 2bn sales in recent years. I believe ours will be much bigger. The resources are bigger and most importantly Palladium is in a bull market. We have market the point where we do not need any more placings (huge for little companies)

I can't see this being taken down below 2p (maybe 1.9 or 1.8 very very briefly) - There is too much buying interest. We have traded around 3.2bn shares in 7 days. That's more than all of the shares in issue. The directors could have sold but told us in an RNS they are in for the long term. They know the upside here and are publicly announcing their 22% holding is where their mouth is. They are in for the buyout and nothing else.

You can't blame people for taking quick 50-200% profits, but the real money will be made on a sale many multiples of this price. No point in selling this to go and buy some other garbage.

As the Goldman Sachs guy said in the podcast ''This is only the beginning. The smart investors will be looking at the value of the assets compared to other similar asset sales''

Have a good weekend all. I'm sure this time next Friday, the price will be significantly higher from here. 50% upside will be much easier than 50% downside. I'll be adding again Monday (if they'll let me!)

I'd just like to add to my post at 11:29 that in a bull market, resources can be 20-50 times more valuable than in a flat or bear market.
When there are shortages of a commodity, people really pay up for these types of assets.

The broker note was issued last October and was risk weighted by 50% on the basis we may not get the permit. We got it 7 weeks later so you can double it that target.
The Palladium price was 950 dollars at the time now it is 1800 so you can multiply that target again by many times considering the margins go up several fold.
The resource base is also set to increase many times in the past few months so multiply again.
Now we have huge investment banks interested in selling this for us so add a premium on that.

In short 2.8p target is like looking at what you could buy a house for in London in 1945. A lot has changed since then.

In times like this, it is a common mistake to think the beast is dead. When really it is just having a little sleep, getting ready to burst out of the gates of 4p and unleash hell on the shorters and the people who sold too early.
There’s probably about 5,000 people watching this stock, waiting to see where it will go and getting ready to buy. Make sure you’re loaded up before this thing wakes up again early next week....

Forget about the people who sold at 4p. He'll feel like a bell end when this gets bid for more than 10x that, whilst others stuck it out.
Think how many people here sold at 1p, 1.3p. 1.7p etc and are never going to get their shares back?
Many of them are the ones posting negative tripe on here.
Patience here will be rewarded hugely and the biggest winners will be the ones who can buy and walk away for a few weeks.

Been getting quotes all morning, even put limit orders in.

Finally got some. Max buy size was 75,000 for ages

Why drop the price if they don't want to sell?

I agree with the chaps who listened to this interview and responded.

You don't need to read these boards all day and look at the price all day. It'll only drive you crazy, exhaust you and you'll end up selling too early. I'd rather do my research, stick to my position, go for a long walk and have a large scotch to straighten me out so that I don't do anything stupid e.g. sell.