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I agree. By the time Italy is sorted to the banks satisfaction it will be well over a year after it was supposed to be up and running. With the BOD’s track record any serious partner would surely make a cheap play or wait for a pre pack administration deal.
I’m not convinced that the cashflow is good enough to prevent another desperate raise in a few months. The financier climate is not encouraging for companies that have a track record of failing to deliver with poor financial controls.
EUA has had a for sale sign over it for years whilst being ramped and shareholders have lost bucketfuls of cash. Doubt any damages will becoming EQT’s way from the court case which makes Deeside seem even further away.
I’m still holding for the future but now well down. Must be an optimist.
A few years ago I managed to get out of this share just about breaking even , suckered back in by the thought they now had decent managment I’m now down 60% and only keep the shares as a reminder of the risk of the bad mistakes you can make.
Have traded this company several times over the last 2 years profitably. Fortunately out at the moment expect I will come back in when the terms of the money raised are known. Good contracts no cash.