The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
'If it was that clear cut the share price would be many multiples of the current level.
Also a deal would have been done long ago.'
That makes no sense whatsoever, when the RNS refers to delays complexity of the deal, different transaction structures and a number of non-binding offers, how on earth would that mean a deal would have been done a long time ago, it is actually the complete opposite.
Look, if your going to try and discredit members of this board, do it with something substantive, you said 'how clueless the prolific posters here are and to be frank are reeking of desperation.'
But if anything, you sound more clueless and desperate by the nature of your posts.
You are probably going to reply to me anyone who gives an opposite or negative opinion is immediately discredited, but to me, you are arguing for points that lack any backbone or credibility, and as each day goes past, the rhetoric you are coming out with becomes more and more negative.
You clearly have an agenda here, it doesn't take a genius to realise it, and you wouldn't be the first, but that's just my opinion.
They have to drop it at this point, it's the only way to create some trading volume, it dried up so much at 27p so as soon as it went to 25p, the sellers came out in force with not much buying interest, interesting to see where the support will be next, it did get to 23.5 on the bid briefly but got mopped up instantly.
Same reason people have been selling since July, they think they can get back in before the sale, you could have sold in December, made a killing elsewhere and bought back at 21p.
EUA has a large presence of short-term investors/traders who if they don't multibag within a few weeks, they throw the toys out of the pram and sell off.
I worry for people who can't deal with a 3-4p drop, the posters who are complaining about the small drop were the same posters who were blowing the trumpets because we went 0.5p up on the bid for half an hour on the odd day!
The mentality is there for everyone to see, everyone wants to be this amazing day trader who hops from share to share, no one wants to be the long term investor.
Low volume and high level of traders searching for a quick buck, this is why the share price is the way it is.
Said it a little while ago, the share price wasn't allowed to organically grow, it was full of FOMO piles ins and 'get back in later' sell offs.
You guys have to be more aware of the factors behind it then just automatically blaming the BOD, the BOD's job is to maximise shareholder value, if it means silence and a few delays, then it is what it is, there is a reason for it.
If EUA went alone and developed MT, it would take a number of years and the share price wouldn't move straight away, it would slowly grow over time, but because the core base would be investors, you'd see genuine growth and new bases being formed every few months followed by healthy pullbacks.
Great example is GGP, their share price kicked off at a similar time to ours and Havieron is a project that will take time to develop, this has resulted in a more patient investor base, a steady share price rise and a group who see the end result rather than short term gains because a lot of those guys are holding for 80p-£1 in the future.
Everyone here is already thinking about where to move their money next, what they are going to buy, but that's not how investing works.
I feel like many have 'lucked' into EUA and their short term mentality to the market will result in this being their only multi-bagger or even worse, end up losing what they will earn here because they ended up rainbow chasing.
'Its like you can own shares and make small gains but big gains arent allowed for whatever reason.'
Timing and patience my friend.
Not every share will be a 10 bagger in a few weeks, sometimes you just don't get the luck.
It is just about having the convicction to press the buy, the strength to hold and add during the dips and reap the rewards whilst the rest of the crew trade it out and the derampers fight a pointless fight.
Just ask investors at ARB, GGP, ODX, NCYT, AVCT, SNG, OMI, PHE, UFO the list goes on and on, but the reoccuring theme?
They had conviction in what they were investing in, investors bought early, held, didn't listen to the derampers/shorters and added when they could, today they sit on HUGE profits.
'Please stop trying to convince Stork he is an idiot
Would rather he lived in ignorant bliss and lost his shirt on his short.'
I would but his crap isn't being drowned out by enough good posts, the share price dropped a few pence and everyone started with the doom and gloom posts, that's when he decided to turn up to play on fears, it's dangerous for people to read his lies.
And, 2-3 individuals keep liking his posts, there's some undercover snakes here, but I guess there's no prizes for guessing who those might be.
'The assets for sale have not changed, and anything that has changed (WK, debt, flanks license) are either immaterial to the current £713m mcap or would already have been taken into account by any buyer from Oct 2019 onwards.'
Once again, you are picking and choosing what you want to look at, but not the whole picture and how demand in the world for different things at different times has changed over centuries and will continue to change over centuries, as well as the prices of those things.
Come to March 2021, you keep going back to October 2019 but you keep failing to recognise the fact that the company entered an FSP because they had interest due to a change in demand.
The points you are making is so ridiculous, it's like asking what was the demand for software Zoom and Microsoft Teams in October 2019, but guess what, the WORLD CHANGED and continues to change.
Try again, try harder, but not too hard, you might hurt your head.
TMS, you're post is full of contradictions and inconsistency.
You mention about palladium and platinum prices from October 2019, yet you mention about the MT SS deal from 2017, in 2017 Palladium was at $500.
You say obtaining the MT licence from the PM's office is irrelevant? It's irrelevant that the company has a licence for MT? Who on earth is going to buy a company that has no licence for MT, in addition to low palladium prices? And it shows you didn't do your research to the timing of that licence.
But the best part of it, the company wasn't for sale, YET you keep talking about a buyer, Sep/Oct-19 is WHEN the interest began, HENCE the re-rate of the share price that you keep bragging on about.
How can the Flanks be utter worthless, there's obviously a reason a company was approached about MT AFTER it had submitted the Flanks applicaton.
Try harder next time weazel, like I said, speaks well but at the core, utter garbage.
The difference is NTTG, Mad Stork will never admit he has incorrectly called something or update his stance based on new information.
That is when shorters become dangerous to the investing community, it is one thing to have an opinion, it is another to have an opinion, be corrected on it but then still to proceed with the original stance you had in the first place despite the facts.
He just keeps hanging on two things, why did no one buy the company before and AC dumped into the open market because of no sale, everytime he is given a genuine answer, he doesn't respond or attempt to debate.
Ramp, this is not the first time he has done this, he does it on Twitter a lot and comes on this board asking what has changed.
He speaks very well and can sound very convinicing, but down to the core he's just as bad as TW and his cronies.
When someone responds to him with a genuine answer, he doesn't reply to it.
He also claimed on Twitter AC was dumping his shares over a period of time into the open market, when we all know factually that didn't happen, it was a direct sale to Veles.
Like I said, a fantasy trader with an over-inflated ego, just because 6000 people have followed him on Twitter, he thinks he's the godsend of the British investing community. Patronising doesn't even begin to cover it.
'What I cannot believe, and what nobody has explained, is why, when the price was hugely lower than today there was no formal start of negotiations'
Simply because, everything has changed.
- The prices of the metals in the basket have exploded over the last few years, by a LOT, the value of the metals in the basket alone in the last few months has gone up by over a $1b.
- The development of WK over the last 2 years including the DFS which now all revenues are 100% Eurasia's.
- Reduction of all debt.
- EUA had to receive a mining permit at MT from the office of the Prime Minster to even get to this point, a process which began 'over 10 years ago'.
- Putting a deal in place to develop MT with SS.
- Obtaining the Flanks for MT, which has mind blowing resource potential backed up by tons of historical data.
EUA were ready to start on MT, but they RECEIVED interest, they didn't put themselves up for sale, from there it is quite obvious that interest only grew larger and larger due to the demand for the elements of our basket, adding that to our lower production costs compared to others.
But you won't address any of this will you, you'll just keep regurgitating the same line.
You lack a basic understanding of how the valuation of a company changes over time, you are just a fantasy trader who's every bit of communication about stocks is patronising.
Must hurt to have sold out ARB at £1 to then see it fly even further up, it's unfortunate you don't have a bigger short here, would love nothing more than to see people who spread lies about geniune companies burn.
Clown.
So you open a short, then close half of it, now you're complaining you can't open a new position?
100% confident the FSP is going to fall through but you open a small time short?
Full of crap, just a chancer, nothing else, you ain't got the balls for anything more.
Here we go again, the share price drops 2p and the same faces come back out.
You people are so embarrassing its unreal, do you have any morals at all?
Lies upon lies and feeding off price drops to try and spread fear amongst investors, MadStork talks such a good game but he will never give a genuine and fact based response to the current situation that EUA are in , he will just point to old things such as the revenue or that the MCAP was low before, why didn’t someone acquire it then.
Such a pathetic excuse of a trader, news flash to you, you aren’t the UKs Wolf of Wall Street, so stop going around on Twitter acting like you are.
The drop was pending for a few days now without news, it's been flirting with 26 a couple times, all it took was a 27p close so that it could open up the bid in the 26s.
People have literally 0 patience in todays markets, if something doesn't move for a few days, they will go chasing elsewhere so it was bound to happen.
You might not be a deramper, but I don't get what you want DORE.
You call the company rubbish, you think DS and CS are lying about the assets, you question whether the BOD can get this over the line, you don't believe the company is worth its MCAP.
Why are you still here? You have highlighted several red flags that no sane person who as you claim, is still in profit, would continue to stay invested in.
Why haven't you sold up? Because you know there is serious money still to be made here, either that or your too greedy to take your profits.
'To me selling a company is in effect like a shop window, you want all your best produce "out on display" I was surprised it wasn't published!'
Yeah, but in this instance this wasn't a shop window style sale.
This was a few individuals walking into a shop, spotting something incredible/rare that they wanted for themselves and didn't want anyone else to have or know about. The shopkeeper wasn't desperate to sell it, he knew the item would eventually be worth a lot more in the future.
Once the shopkeeper found out these individuals were serious about buying it, he took them to the basement and told them to fight it out.
The question is who will return alive from basements? Or will they all be coming out of the basement together as a team?
Bottom line is at this stage of proceedings, no comments on this board will change the value of the deal.
Watching the share price go up from from July's opening at 15p was exciting, seeing the value of your portfolio increasing is fun but at the end of the day we all knew that wasn't our goal, our goal was to see our portfolios once a deal has been completed.
The BOD know what they have, the buyers will have full transparency in what they are being given access to should they want to buy it.
Highly likely to be a bidding war with all the limited information that we have been given, factoring in rises in the value of our basket and the increase in demand.
The game is nearly over, I'm 99.99% sure that a deal will go through at a very lucrative price for shareholders, because remember, the BOD have the exact same interest as you, maximising shareholder value with the substantial amount of shares they hold.
From what I've seen, no one pays attention to Hairy_Harris anymore, he's like that odd guy in the club who everyone sees every so often standing by himself ranting but no one notices him because they are having the time of their lives.
Been saying the longest, just drown these clowns out, like that Calamari or that 1307 dude, they are essentially just speaking to themselves whilst the rest of us are having real conversations.