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@Yuri.F I'm not aware of EUA being subject to any sanctions, clearly that can change as the war goes on but we'll have to wait and see on that one.
In answer to you more broad question around the profitability of the company, I would have expected EUA to be trading at a loss as they were investing in a lot of capital in exploration and development. Now they are in a position where they have an operational mine with the infrastructure mostly in place with the new powerlines and electric dragline excavator almost ready, In my opinion its on the verge of becoming far more productive which in itself should mean a more profitable mine. Whether EUA as a whole turns a profit will depend on many other factors but in my view they are making progress. It may not be the progress we all want but still good progress in my book.
There is no right or wrong answer to your question after all we all do our own research and make our own decisions. Out of interest what was it that motivated you to invest in the first instance?
You may have all read this already but thought I'd share it incase it had been missed;
https://finance.yahoo.com/news/allied-copper-receives-tsx-v-002700335.html?.tsrc=rss
A very positive update and it sounds like we're making progress.
It will be interesting to see what the share price does this time as the last couple of times I've read an RNS that I thought was positive the share price dropped.
Fingers crossed that this one bucks that trend.
It's an interesting one, I guess there will be no real volume until news arrives be that an RNS or war related.
As always it could go either way, I suppose that age old phrase "hope for the best and prepare for the worst" is quite apt here.
I can't help but notice the volume of shares being traded is very low at the moment.
I don't know if that's good or but I'm interested to hear why people think this is and what the implications are.
For one I assume this means that none of the short positions are being reduced at least not in volume, also I'm guessing lo volume = high volatility.
Thoughts?
I'd also add that this is a share that has historically been heavily shorted. Currently as far as I can tell there are no open short positions (at least declarable ones).
Take that as you will and do your own research but to me thats an indication of a long term upward trajectory.
https://twitter.com/Borg74/status/1490789756061556742?t=dGg3YW6Eq5aJmgxc34Fiiw&s=19
https://twitter.com/lonny1971/status/1483498817920110598?t=N2ooYM4GKgMKWw4JyobZwg&s=19
Don't get me wrong, If we can avoid it I wouldn't want any dilution, I'm questioning the fear that seems to have built up around it as a prospect.
Especially considering that the MOU-4 structure isn't the only prospect PRD potentially has to exploit.
So the CPR is an independent looking at what we have an assessing its worth.
That report while being 26 pages long gives a ENPV both risked ($148m or £108m) and unrisked ($592m or £435m) for the MOU-4 structure, a small part of our overall licence.
So if we take those figures a divide them by the number of shares in issue (293m) we get a per share value of 36.8p - £1.48
Now the CPR also says that PRD needs $12m or £9m to get the whole CNG project up and running which we all know PRD doesn't have.
So my point (and I get its long winded) is even if we do chose to raise the cash to do this through a placing the dilution this would cause at todays prices (lets say 6p) would result in round numbers another 150m shares being issued which would reduce the potential value per share to between 24.38p per share and 98.2p
So even if you are worried about dilution which unless I'm missing something seems to be the primary concern why bother selling...
It just doesn't make sense at these prices.
On the over pressure point some seem to be saying this is great news while others are seemingly saying this is a bad thing. excuse my ignorance here but how can people think that both are true? surely it's one or the other?
Considering several of us were expecting it to pull back this morning a relatively flat start is no bad thing. Plus Fridays rise does not seem to have been driven by any declared shorts buying back shares so I'm taking that as a very positive indication. Not that I'm any kind of expert here.
https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-petrofac-to-bb-outlook-negative-29-04-2021
I know the above has been posted and discussed before, however no one talked about how they compared PFC with Webuild. The only reason why I mention it is Webuild currently have 3x the market cap of PFC so I'm looking at the comparison as a good sign.