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Because if you listened to derampers, you would have sold EUA at 2p crash because it was a Russian scam.
But anyways, moving on, this is why I never bother to trade my EUA shares, imagine you sold out at 27.5p thinking it was going to drop to 25p, then 20 mins later you see 30p.
Shows you though, all it took was some rumours to get volume.
People say whatever posted on these BBs and Twitter doesn’t affect stocks prices, I disagree 100%, these are the first places that the quick buck style investors look for information.
How do you think GME went up? Reddit is just another platform to share information, what if WSB were a group on Stocktwits?
When I first started out at 22, I knew nothing and the first place I looked for tips was here, rightly or wrongly people do end up basing their investments on what others say, so blocking out derampers is important, aswell as protecting people from the Rowka £3.50 predictions.
I would also add, today showed an appetite for Eurasia that still exists, most people do feel a deal is going to happen but they just don't expect it anytime soon, with many believing they will have time to get back in.
That appetite has been drained for months because the process has taken so long, some people are trading in and out, others have taken a lot of shares off the table and some have sold out completely.
Also, more and more likely that those who have been deramping or trolling over the last few months have actually been looking for entry points, and possibily building positions. Meanwhile those who ended up selling out and missing the rise, turned to derampers, I don't need to mention names.
Just look at the trading volume, it's dropped off so much the last few months but today all it took was the AA rumors to get it going.
But one thing that remains is the thirst for a deal, today was pure FOMO and any sniff of a deal will result in the similiar activity.
So the key thing is what follows AA's RNS.
If you look at the timing if the one in March 2020, it was the same time as the SS purchase.
It could be purely coincidental and the market got over-excited, or it may turn out to be the debt restructuring required to carry out such a acquision, we simply don't know.
Like I said earlier, we might not be there yet and we won't be till something official is released, I don't think we will get a speeding ticket now because the price may drop off tomorrow. But it's still fantastic to be back up after the crap week we've had so far.
Doesn't matter if it drops tomorrow or there isn't a sale yet.
Bottom line is you got exposed for being a petty loser, you decided to sell out to chase rainbows and now your full of envy because everyone else held.
You're a joke.
Because we've been here so many times but either way, I would never risk selling at any point, expect the unexpected with EUA, whenever the deal RNS does eventually drop, it will be mid-day and it'll catch out a LOT of people who sold to trade around.
I for one, will not be one of those people.
'This strategic decision was the culmination of many years of hard work by our team in realising the value in our projects. With the final approval of the Flanks license surrounding Monchetundra, the Company has been successful in establishing a dominant position and a first mover advantage in Kola PGM, which, coincident with developments in the PGM market, has spurred interest in the Company.'
Would be quite apt wouldn't it , lets see what happens, I still think we will here something this month.
Whatever the reason was, there was three key things for me:
- He didn't sell all of his shares.
- He directly sold the shares, not dumped them into the open market.
- He sold the shares to IIs.
Looking back to that day, I regret not piling everything I had left in at 15-16p, but you learn everyday investing, opportunities you miss today are the building blocks for the opportunities you end up taking tomorrow.
'exactly Tricky, it's costing thousands .. will it stop without news, that's what I want to know.'
It's not, you are letting it cost you thousands.
You could have sold at 28p, bought back at 21p, sold at 28p and bought back today at 24p, the market movements are pretty predictable especially when the volume drys up, it just depends how much you are willing to take a risk.
If you aren't willing to take risks, you ain't got no reason to complain, you either buy and hold or you take risks and trade.
It's not, they are two different things because there was literally nothing to announce at the time, if you look at a lot of other speeding tickets, they actually state 'knows no reason', EUA didn't do that.
Also that RNS you refer to was in October when the share price was 38p, the share price went down and then went back up past that 38p mark and to 44p in December, at which no further speeding ticket was released.
So you are saying principle is the same, but they are two completely different incidents that you combined into one, at least get your timeline right.
'As the SP approached 44p , an RNS was issued stating there was no known reason for the rise in the share price.'
'Stopped it in its tracks and been a downward spiral ever since.'
No, an RNS was released when the share price was at 38p saying Eurasia Mining has 'noted' the share price increase and confirms no further announcements at this point in time, because, there was nothing to announce yet.
The share price then went to 44p in December, without a speeding ticket and the DFS announcement was released.
You know my biggest problem.
A lot of these individuals can't back up their points with anything substantive, they make claims, but then when that claim is scrutinised they ignore and disappear, which means they are only after one thing, push an agenda. i.e. Mad Stork yesterday.
When the BOD have said:
'Eurasia and its advisers have engaged with a wide range of parties, and have to date received non-binding offers in respect of both a possible acquisition of the Company as well as other transaction structures.
Progress to date has been slower than expected reflecting the complexity of the process, involving several parties and structures'
And then you come up with lines like 'the deal would have been done a long time ago', you are basically insinuating that the BOD are lying about everything they have communicated.
Why won't any of these people just come and out and say that is what they believe, it's simple, you either believe the RNS, or you think the BOD lying, call a spade a spade, be open with your criticism so you have a leg to stand on otherwise you just lose all credibility.