The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
It's just the standard trading crowd leaving due to perceived delay in takeover news.
We've been through this over and over for the last 6 months, when will some of you learn?
You could have sold at 29p yesterday morning, and you may be able to buy back at 26p tomorrow, it is a easy extra set of shares or some spare cash.
The only problem is, one day, the day will come when an RNS will drop between 12pm-4pm and it'll catch tons of people out and the share price will automatically re-rate to offer/dividend price, then, if you're out, you're out.
NTTG,
There's been a big seller for a while but for weeks I didn't see the same energy when there was someone buying 100k blocks aswell for ages too, in the grand scheme of things it doesn't really mean much until we hear something officially.
The geezer who bought 100k blocks at average 21/24p, what if that is a trading pot and now he has decided he wants to offload those at a profit now at an average of 27-30p? That is a tidy profit.
You have to remember, we have a LOT of shares in issue, so 100ks will fly left right centre all the time.
The bottom line is you either trust the BOD have done their DD in updating the share register or you don't trust them, time will tell either way but I believe they have earnt our trust.
NTTG, how do you think Eurasia released the RNS last time to confirm Queeld still held all shares, do you think they asked the fairy godmother to confirm?
Come on man, cut it out with the conspiracy theory to every argument, be happy that you are invested and look forward to the big payday you got coming soon.
Told you guys yesterday, these clowns will clutch at anything they can, they tried to run with the Queeld selling off, that has failed with today's updated share register.
The market needs to wakeup, this isn't a Russian scam, this is about be one of the biggest stories AIM has ever seen.
It's happening with a lot of shares in the market now.
Purely because a lot of the crowd can't handle red days or the share price dropping, they don't understand market mechanics and the idea of loading up on the dips.
The easiest way to make money in the market, is actually the red days, these are the days that you end up adding whilst others are selling off.
Look at the way the market reacted to COVID-19, it's all emotion, imagine you bought one of the airlines, even in October, Easyjet was at £4, today it is at £10, easy money.
To the crowd, every share is a dog when it goes down, but it's the dogs *******s when it goes up.
The biggest problem isn't the ramping or deramping at this point.
I've seen some arguments where some derampers have actually attributed some value to MT and accept there will be some sort of deal, the £3.50+ ramping on the other side is silly yes, but to be fair at this point, everyone stands to make some sort of profit beyond these levels, this isn't the usual type of ramping we see on LSE where it's ramp the share for a few weeks, dump it and move on.
The biggest problem is, and I've seen this over on ADVFN too, there seems to be a genuine belief between the doubters that Eurasia's BOD are lying about several things and the whole process in general.
This also goes back to some points you've made recently about how if a person doesn't follow the rest of the crowds opinion, they are being 'bullied'.
But at what point do we start to look at it from an objective POV, those who read this, ADVFN and Twitter will have read a lot about those who expect no deal, but every single time, the argument is:
- The buyers have walked
- There is no offers
- No one is willing to pay X amount for MT
But the one thing they never dare to say outright? They never claim the BOD is lying, they just insinuate it.
The BOD have:
- Stated they have been approached by multiple parties, either to acquire MT or the whole company
- They have appointed UBS and DLA Piper as professional advisors as a result of entering an FSP due to interest
- The company has stated it has received non-binding offers, and is continuing discussions to move to binding proposals
- The company has stated it continues to work with it's advisors during this process, and at no point during this process has it been announced that the advisors have been stood down, despite being into the 9th month of the FSP
To be able to state all this information in an official RNS, you most certaintly will have had to have some sort of clearance and been able to satisfy, one of either, the NOMAD, Takeover Panel, UBS or DLA Piper.
A lot of these individuals, by insinuating that Eurasia are releasing false information or are lying to investors, whilst working alongside or under the code of these parties, brings the reputation of these organisations into disrepute and insinuates a possible collusion to fraud PIs on the London Stock Exchange.
At what point do we face these accusations head on? If this is what some genuinely believe, we should challenge them to call it out directly no?
But of course they won't, they don't want to be the individual on the BB who falsely and wrongly accused these organisations of a coordinated act of fraud.
Becoming really obvious as to what people are here, you can tell the difference between your standard punter who plays the slot machine at the pub, and those who know what real investing is.
You have a bunch of penny to penny traders who if the share price doesn't go up in a straight line, start turning on the company or constantly moaning, a group of so called investors who don't know the difference between West Kytlim and Monchetundra, then you have the trolls who want to bring the price down or support whichever direction their trade is.
Somewhere in the mix, there's a group of genuine investors who realise 'The stock market is a device for transferring money from the impatient to the patient' and are happy to discuss genuine facts whilst they load up over time.
Ain't seen this much drama since Year 11.
I expected it, always happen with AIM shares.
Sell the news, buy back in the coming days and weeks, domino effect because people expect others to do the same and then boom, you end up dropping 3-4p in one morning.
Like I said yesterday, it was easy to do that between September and February, to do it now is playing with fire, the time to trade is over, the time to build your position is now, this process can only last so long.
This is the only share that I haven't been brave enough to dip in and out at times, simply because it moves so fast, in hindsight you could say a lot of us could have loads more shares by trading it, but is it worth the constant stress of trying to get back in. The other issue is it becomes difficult to judge when to pull the trigger, you may sell at 22p thinking it will drop, next thing it is at 30p.
Not worth it, better to hold tight and add when you can, if you got balls of steel and you want to trade it, just make sure you don't get kicked in the balls in the process.
Can't wait for the one day when silversun will actually be able to back up his points with a logical debate instead of claiming ramping.
Every single time he posts he tries to be condescending with an open reply, portraying himself as the Messiah, protecting the world against mindless ramping thinking that justifies his lack of ability to address the issue, just a sugar-coating whiner.
'Then obviously you will be selling your holding tomorrow at 8am then if you feel its not what you expected.'
Doubt it Tilly, we all know MrY has been loading up cheaply for a while now, it's the only reason the guy is sticking around here.
deano1963, I suggest you become familiar with the different assets the company has, then you will understand it better.
You see WK? It's a completely seperate asset, it isn't just a fancy abbreviation for Week.
Mac, just as an example the BOD could announce they mined 100 bitcoins, release it as a RNS for dummies with school level language and big bold fonts to make it bloody obvious as to what is going to happen next.
But those same individuals will tell you those bitcoins are not real because they didn't buy them.
This is the level of people we are dealing with here, you can't win because they don't see the idea behind the value building strategy that the BOD have embarked upon here, value is added over time and some of the biggest companies in the world have their MCAP's all built on future potential.
I laugh when people make comments such as "WK is not even a certain % of the sale MCAP", well done Sherlock, it doesn't take half a brain cell to figure that out, you should go speak to Elon Musk and see if you can get a cut price deal for Tesla based on how much cars they sold.
Oh wait...
'I see nothing wrong in suggesting this or looking at it in this way, no one is saying they are are worth the full metal oz price now, but in time they could and should be, at which point the price of the metals will likely have increased significantly too.'
Hasn't this been the crux of the argument all along with both MT and WK?
One side says this is the potential of the resources, the other side says they mean nothing at the moment add no value.
But what a lot seem to be forgetting, Eurasia didn't put themselves up for an emergancy sell off, they were approached, approaches which eventually lead to an official FSP.
I don't think it is ramping at all to say at this point of the FSP, there are bidders who are willing to pay a decent price to secure these assets and that some sort of sale, or dividend will take place at 50p minimum, to me it is 99.9% certain at this point, the 0.1% for me doesn't even count but you can never say 100% in the stock market obviously.
Ultimately, you guys have to decide for yourselves, are you going to trust the BOD who know more about their own assets than anyone, so much so they have bought to the table some of the finest M&A advisors.
Or, are you going to trust sour individuals like TigerByTheTail, PAAT and TDT, who all have suddenly appeared after this RNS and come across as Russian mining experts?
'In other words, the Institutions that have bought at 40p or above will not be disappointed, and there has been great progress in turning non-binding offers into binding.'
I agree, I was very pleased to see reference to all the instutional investors, they basically have told us, whatever is going to happen from here, it'll be way north of 40-50p, this is excellent news for everyone.
'The Directors are also delighted with the institutional investors recognising the fundamentals of Eurasia and its compliance with the ESG standards, while the Company with its advisers are making progress with the strategic options available for Eurasia. Further announcements will be made in due course".
What is insane for me is that people couldn't appreciate the impact of COVID-19 in delaying the process for such a complex deal.
In a year where life as we know it was disrupted to the max, shops closed, businesses closed, construction sites closed, borders closed, people working from home, people losing jobs, sport cancelled for months etc.