Member Info for Montmuzard

I didn’t recommend anyone do anything. I pointed out that I don’t fully subscribe to the boiler plate argument that investors should never go all in on a stock. It’s a perfectly justifiable strategy that mixes high risk and potentially high reward. All depends on context.

@Green - doesn't that just mean the cash part of your ISA account? My understanding is that, once it's in the ISA wrapper, it's in there. But could be worth sending them a quick message to make sure.

"All I can suggest is that regardless of how much research you have done and how confident you are you should never go ‘all in’ on an AIM stock or any other investment."

That depends on two things. (a) Risk appetite: For some people, making sure they profit fully from the upside carries more weight than insuring against the potential downside. They would rather take the risk of losing £X than potentially missing out on £XXX. (b) Perceived risk: When a company like EUA releases an RNS saying that they are "committed to execute on the strategy outlined in the May 12 RNS" it's fairly clear the outcome is weighted in favour of that upside. Therefore, by not over-committing to EUA right now (or de-risking at this stage) investors are arguably diluting their profits.

Sure, this approach isn't for everyone. But it's why those who are prepared to take the biggest risks get the biggest rewards (or, if they're stupid enough to take even bigger risks by shorting, they get jubbed big time). As GMF78 tweeted yesterday, anyone who ignored Motley F****'s advice three years ago and went all in on EUA would now be sitting on 5000% gains. In a few weeks' time, anyone still piling in now could well be sitting on 500%+ gains.

"but I assume that this dividend will be under the CGT allowance so he will not have to pay anything"

All depends what the dividend is: you never know, if Hoochy was right..............

My understanding is that Nyud and Moroshkoye come under the same licence so would be sold together anyway.

Richard Dugdale tweeted about this last week (fantastic research by the way):

https://twitter.com/RichardDugdale3/status/1433068388385964040?s=20

He reckons six licences under Nyud - albeit with some questions over Vuruchuayvench - and the remaining three (or four) are under Poaz. That would seem to make sense to me, and chimes with the RNSs regarding EUA's division of labour in terms of which are ready to go now and which will come down the track later.

@Peter - Depends on your broker. I'm with HL, for my sins. Go to account management > withdrawals, income and loyalty bonus. You have three options under income instructions:

Held on account: we shall transfer your income to your capital account where it will be available to invest when you choose.

Automatically re-invested: we will reinvest any income automatically for you when it reaches £10 (or your chosen minimum) per holding.

Paid out: your income will be paid to your Nominated Bank Account.

Yep, at most we’re selling MT+flanks and the deposits held in the Nyud licence. Maybe WK, maybe not. That still leaves the rest of the Rosgeo JV: Poaz etc. So, all being well, income from WK and whatever the board holds back from this sale finances a rinse and repeat down the line.

I’m fortunate that my holding is all salted away in my ISA, which is set to “hold on account” in the event of the dividend payment. It would be chaos if a massive dividend was either paid straight out in cash or automatically reinvested into millions of post-dividend EUA shares!

The board aren’t stupid: my sense is that there will hopefully be a period of time (a week?) between the release of the circular and the ex-divi date to allow people facing sizeable dividend tax bills to sell out. I would have thought UBS would do this instinctively, as there will be plenty of city firms happy to buy millions of shares with guaranteed dividends at, say, 98% of their guaranteed future value. But, of course, I could be totally wrong.

Straight in the green bin you goon.

My portfolio is up £80K this week. Back near the highs. Thanks for all your "help" with trying to save us from making big mistakes Montyboz and the Green Coffins, but all you did with your deramping is allow me to buy down at 15p, making the reversal north even spicier. Rums all round!

Or, as some close to the company might describe it: “massive”.

Rums all round :-)

The best thing about this is we don’t need to spend ages typing out missives debunking the derampers nonsense. The SP is doing the job for us and all we need to do is cheer it along. Polish the cannon!

Hope MontyRowka was clever enough to close his 27p hedged short yesterday otherwise his bum will be hurting.

@Tigra - Great post. None of it matters now: people can deramp all they like. But smart money is buying right now. People can make their little 10% here and there. But we're in the endgame: at some point in the next 7-8 working days more big RNSs are in-bound. It's over. It's coming home. The end is nigh. We're moments away from BOOM!!

Wouldn't it be funny if they dropped another one after hours tonight, or even about 4pm? Really set pulses racing.

Doesn't bear thinking about: he bought in around the same time as me and he had about a million shares that he must have paid about ten grand for. Loads of people told him to just sit on his hands and switch off, and that's literally all he had to do, but was then all over every other share like a scattergun. Think about where EUA has come from since October 2019 and there is no better example of how the stock market is indeed a device for transferring wealth from the impatient to the patient.

Right, come on. Time to start rowing. We've got another 30% to do to get back up beyond Lekoil and into No.1 on today's leaderboard. Under two hours left. Let's crack the whip.

Didn't he buy back in again a couple of months ago - around May 12 - saying something like "definitely, definitely holding this time to the end"...?

Yanks waking up now. I reckon we'll do another 3-4p this afternoon all being well. More and more stock now in the stickiest of hands, so the slightest bit of buying pressure will force us northwards. That is only going to intensify as we get closer and closer to the endgame, which we now know is imminent.

Outed: Roger65 is actually JonesRichard and I claim my £5!

Ha ha. Rums all round!