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Anyone who attempted that would have lost money, or at least will tomorrow, as the spread was too wide, i calculated a 10 % spread at one point. ....Im not a gambling man but id say given the current (astronomical) undervaluation, the new interest from big investors and the news coming, the chances of getting in low again are quite narrow :)
Laurence was comparing EUZ with Anglesey Mining, at s similar stage in terms of SS and JOR, with a potential value about $1.2 billion and a market cap of 1.7p. EUZ is at $2.6 billion and currently has a market cap of 0.028. So when he says it’s undervalued, it’s seriously undervalued .....by a factor of well in excess of 60 !!.....
Newbie, sheds right, this is predictable behaviour for a share like this, the market knows there won’t be any news for a week or two so they throw it around between two or 3 predictable resistance points (in this case 20 and 30). They know they’ll freak out a few people and get some cheap shares, the trick is ignoring it and topping up on the lows. Traders will lodge firmer positions over the next fortnight as the anticipation builds of the JORC update, so we will likely see the spread moving up. .......relax and enjoy the ride :)
So, an organisation that specialises in helping the public invest has no publicly transparent complaints system ? pretty irresponsible position to take given one of the main factors of the 2008 crash was lack of transparency in the financial sector.... I guess we are lucky we are even allowed to complain in the first place......... they are having a laugh at our expense.
10bagger, nothing is quite what it seems on here. The best thing for you to do if you are interested in making money on here is read the last 2 years worth of updates and RNS’s and develop a strategy based on your findings.
Good of you to share that Bobby. I do remember you from ears ago, before EUZ. I share your views about the management, and have always been upfront about that, LR has no idea how to communicate with share holders, I think he probably needs to be taken off the roll. I only invested myself (after having this on my watch list for 3 years) when I felt the assets were so ludicrously out of sync with the SP that it became a no brainer. It’s truly disturbing how low investor sentiment can get even if a company has value.... but I think this has to be rock bottom now, the asset is nearing the point it could be sold on. And, the ultra-low SP is just going to rerate by some considerable amount once the next RNS hits. ....IMO.
Given the complete pummelling Aim mining stocks are getting this year, this is in a nice holding pattern and seems untouched as yet. Lots of good news already this year. Just waiting for the broader market to get back on track I feel. Seeing the end of Trump and Brexit uncertainty would be key to opening global trade up again. Let’s get the kids back in the play-pen....... :)
I think though, if you are talking about this stock, it’s volatile because it has very low liquidity. It would be erratic regardless of MM’s, but I agree, the less middle-men the better, where ever there are people positioned in the flow of money there is a distinct chance of some of it going missing ;)....
This is quite informative: https://www.investorschronicle.co.uk/shares/2018/11/09/the-truth-about-market-makers/