The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
This 1.5p spread they are using atm is purely designed for that but I guess because the volume is so low it gives them an excuse. At some points last week I noticed at 2p spread, albeit not for long.
Problem is the as long as individuals keep selling, MMs will oblige.
'Companies cannot sell or issue more shares during a potential takeover - it would reek of insider trading?'
How do you think the placing was done in August?
Once again, I'm open for logical and sensible debates, but it doesn't reflect very well on you being a long term investor if you haven't realised that the company done an placing in August last year.
This £3.50 stuff was rampy business raised by Rowka, we all know why now because he was just a desperate trader, unfortunately this £3.50 agenda has been pushed by a lot of the quick buck traders, which is why our share price can't sustain a rise. This in no way reflects the legitimacy of the FSP and what the final outcome will be.
However, not every post that suggests a higher price than 80p is an automatic ramp, in the same way that an 80p prediction isn't an automatic deramp, the most important thing is what is the logic behind the argument.
' the longer it drags the more it’s a no sale and we mine it ourselves and reap the future dividends!!!!'
Except the idea the longer it drags on meaning no sale defies logic, there is simply no reason whatsoever to retain the services of the advisors, delay the trigger of the SS deal and continue in an FSP. In addition, there would be no need to update the market on the FSP in January, or tell them about non-binding offers.
The company hasn't raised more funds to take advantage of the higher share price, which is what 99% of companies would do, suggesting there will be no need for the cash in the future, the initial placing at 21p was just merely a bargaining tool for the duration of the FSP.
If the company knew it wasn't going to proceed to a binding offer stage, they would likely raise more money because once the FSP is closed without an offer, the share price would tank until the SS deal was triggered.
I'm all for open discussions and both sides to the argument, but if you want to be taken seriously, stop trying to spread fear, when there is no logic in the argument, there is highly likely an agenda behind it, especially when you have to quantify that you are a LTH to justify your opinion.
FYI: I agree that £3.50 is unrealistic, is ramping and is not going to happen, however the majority of this board believes in between 80p on the lower side to £2 max on the higher side.
Problem is what do you define as market price?
This has been one of the most well known shares for traders over the past 9 months, there may have been a false 'speeding ticket' at 38p, but then it went down to 28p and went back up to 44p at which point there was no further speeding ticket despite moving back up quickly.
Pattern is quite predictable, when the BOD release an RNS that insinuates the deal hasn't been finalised yet, the market sells off with the buy the rumor sell the news mentality, this was seen after the Flanks RNS at 28p, the WK DFS at 44p, and the FSP update at 33-34p.
If you're a trader and you got presented with the opportunity to sell at 44p and buy back later cheaper, you would probably take it, then it becomes a domino effect because more and more people start doing it.
Even on Monday with the latest RNS, you could sell at 31p with the knowledge that you are likely to buy back at 27p, market moves are predictable and people are starting to lose patience because everyone wants a quick buck.
With all this trading mentality, the share price will never move up to realistic valuations until the market is presented with information that suggests a deal is imminent.
Tigra,
Does that mean we should expect another 2.9 before we have any official news of an offer?
Which if that is the case, would explain why the market isn't reacting at the moment, with other companies that have been in an offer period, the market has been able to gauge the value of the company prior so you simply wouldn't be able to dip in and out when you like.
With EUA, because there is such a wide range of views as to the true value, the market simply hasn't been able to price it correctly and thus if another 2.9 is announced, that is the signal for everyone to pile in?
IIRC, the first 2.9 announcement caused a large spike.
I'm still of the opinion the rule 2.9 announcement was made in December prior to a potential binding offer being announced by the BOD but then a bidding war ensued, which pushed it into the new year.
Hence the remarks about the delays to the FSP.
5-10% of our resoruce value depending on what figures you use without any factoring of Rhodium and future Palladium prices, we are still looking at 80-£1 minimum, I wouldn't be worried about shareholders getting short changed.
JIM's holding has been reducing even before the FSP started/suspension, a nominee account that held more in 2019 than it did in August 2020, it's just a non-story that that TDT and PAAT on ADVFN are trying to push.
I feel like they are starting to get desperate now, they tried to push the Queeld agenda, when that failed, they've jumped on the JIM stuff without even understanding it properly.
I found the JIM stuff funny, our old friend TDT, who I thought claimed he wouldn't post about EUA anymore, has decided instead of facing the BB he was ran out of here, has gone off on ADVFN saying Queeld were selling out, once it was proven that it wasn't Queeld and it was JIM, now he's making a conspiracy out of a company who manage nominee accounts selling out.
The whole group is over on ADVFN trying to spread garbage, PAAT, MadStork.
His answer in reference to companies interested in exposure to PGMs:
- 'I don't think we are going to see any unreasonable proposals'
- 'They know there is competition after the big banks have entered the process'
For those who are saying that it is likely the BOD hasn't received any offers that they find acceptable.
1. Listen to the DS interview again, and then link everything he has said to the RNS on Update of FSP
2. The SS deal hasn't been triggered, why would you continue in an FSP for 9 months without triggering the deal for the flagship asset if the offers that were made didn't meet your valuation?
I highly doubt we would have made it to this stage, if non-binding offers wasn't far off a reasonable price the BOD were willing to accept.
On behalf of most people on this board silversun, hope that I'm right in saying that we can't tell you how happy we are to find out you've sold 2/3 of your holding, rooting for you to sell the rest of it and finally disappearing once and for all.
Stop acting like a petulant child then Belstaff, I'm have no need to insult u I am just making an observation on what I see, which is indicative of a lot of people in the market nowadays but especially those who have bought into Eurasia expecting a quick buck, you may be one of those, you may not be but just relax, a big pay day is coming, it just may take a little more time.
Belstaff is just another one of these punters who thinks shares are meant to go up in a straight line.
The market doesn't work like that, you think it's bad here, look at how GGP are suffering, on the verge of dropping into the sub 20s.
Here at least, everytime we get to 24pish, everyone takes the opportunity to buy and it bounces back up.
The only way we move past 31p now is either with a leak or some news on MT, until a deal is announced, we will be stuck here, either suck it up, load up some more shares, or trade/sell.