focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Dore123- No wasn’t saying you were being malicious, just a bit ‘snarky’. I am sure we all on occasion ask questions that seem ‘lazy’ to others - but just saying “look it up on Google” would make this a very dry board. Also sometimes the seemingly obvious questions generate the most interesting conversations- I certainly learned some things from other posters on this issue. Mayt...
EUA were suspended from Feb till July, with no access to trade our shares. Very frustrating and unnerving at the time (we did try and put on a positive face), but in hindsight it meant that holders were locked in and insulated from the Covid market disruption in March/April/May where our sector lost about 40% share value (now thankfully sector mostly recovered). If we hadn't been suspended I am sure a lot of long term holders who had multi bagged, would have been tempted to sell some of their shares to realise profit/hedge.
Latest betting on the US Presidential Election (Oddschecker today) has all bookies with Trump/Biden as a coin toss - share of popular vote likely to go to Dems again, as in 2016, but electoral college is neck and neck. Trump has no shame, and will shore up his base with Lies, Fear and Loathing tactics (that's his standard politics). I can't see any result that isn't going to hammer the US stock market, and then world markets in November.
1. Democratic win - historically stock market has tended to fall on Dem wins, and Dem fiscal plans are very unpopular with markets.
2. Trump win - I think half the major cities in the States will be on fire the morning after the result is announced, claims of voter suppression, and likely legal challenge - which will drag on and on.
3. Delayed/Unclear result - Close results in key states, or issues with postal vote. Legal challenges will result in market uncertainty - as well as civil unrest as in 2 above.
This will all be taking place in November against the backdrop of a likely Covid 2nd Wave.i.e moving into Autumn/Winter, and also impacts of students returning to Schools/College will be playing out, not to mention the mass demonstrations that may happen.
So to get to my point!!
I have been content to wait for outcome of the EUA takeover negotiations because I am confident the value we have in the ground is multiples of current share price, and recent research by members of this chat group has reinforced this.
However if takeover is still not resolved before end of October will need to seriously consider selling a proportion of 700k shares in ISA (maybe a third) to raise cash, because I don't want to be locked into a share in a falling market (especially as EUA forms about 95% of my share value). I could use the generated cash to purchase EUA shares cheaper if there was a price drop, before takeover was announced. There is the risk and downside if sale goes through after I sell some of my shares, that I will miss out on some profit, or I will get a dividend on a reduced share holding.
Obviously a personal view, and we need to make our own investing decisions, but would be interested in members views because I do think market disruption will be a factor from November, and EUA are an unusual case with many holders sitting on significant paper profits. Please do not read this as a deramp. In an ideal world everything will be done and dusted soon. Mayt.
Sharesport - Yes I suppose I should let it “wash over” but the incessant whinging by half a dozen regulars - like a self help group ‘gone wrong’. Really must drive people away from this sight. They need calling out for the damage they do. Mayt..
Tiddlor/Ian- knock it off you two. Why start the day with 5am posts taking a dig at Rowka? Similar early dig yesterday set the tone for yesterday and spoiled it. Stop it with this stupid self obsessed agenda ..everyone. Mayt....
Daz et al - I was thinking of organising an AFC coach trip to the continent to visit the Dignitas Clinic. I am sure you and the rest of the terminal whingers on here would love to go - cheap tickets as well. Only one way. Mayt...
Ian - Very strange post this morning querying Rowka’s share average. The fact that he still has a personal holding of £10k @ 1p since October last year means nothing. I for one maxed out my ISA allowance for 19/20, so couldn’t, put any more in - then we suspended till last month. However I also encouraged my wife, mother and mother in law to hold open ISAs and hold EUA. - great for overal family prospects and holdings which in aggregate approach 1 million, but wouldn’t say they were mine personally. As I say Ian, all a bit weird and unnecessary- also the “just an observation” line is a bit Donald Trumpy. Say what your real point was - or were you just throwing hand grenades. Mayt...