Member Info for Montmuzard

No, the most comical thing on this board is someone deliberately posting about a share they don't own.

I've filtered them, so all I see is green green coffins!

Quite happy for this to bob around down here for a while yet, personally. Great accumulation opportunity.

That's about £1.75. I think most here would be very pleased with that. In fact, I would snap your hand off right now.

Don't mean to be rude, but maybe your lack of patience is the reason why you're so tired of seeing losses?

Another one in the green bin!

Formal Sales Process (a type of takeover).

And there you have it: a million shares all sneaking through after the bell. At some point, PIs selling down here are gonna kick themselves.

@Stix - Make sure you take it easy as you get better. Even as you start to feel fine, you'll be really tired and if you exert yourself too much too quickly you can really knock yourself back. I had it a few months ago and still get wheezy (and my sense of taste/smell hasn't properly returned). It's really weird: I'm pretty fit and can go out for a long run and feel entirely normal, but then I'm totally out of breath walking up the stairs with a brew. Mad.

I would not, repeat not, want to be out of this over the weekend.

MMs seem to be holding us at 3.8p today, just like they did yesterday at 3.5p. A big fish clearly accumulating at that level: more big trades to land after hours.

If it's any consolation I sold out of NCYT at a 50% profit when it was between £1 and £2 to buy more ... MVR . But I did get into EUA early (below 1p) and am still there...

Many of us took our stakes out months and years ago. But thanks for your concern.

I know we shouldn't scratch the itch, but that latest from Hargreaves is an absolute joke.

"Over the past 12 months, the stock has added around 430%." Yes Rupert, a period during which you were telling your numbskull subscribers to avoid buying.

"Following this performance, I’ve been watching the business carefully". Surely if you had any sense of the markets, you would have been following EUA from much earlier than this. What value is Motley Fraud to its customer base if it only gives them tips after those horses have become favourites?

"Estimates pegged the value of the firm’s assets at around £1.5bn". Somebody has done their own research, have they Rupert?

"Nevertheless, there’s no guarantee any transaction will occur. What’s more, as the press release stated, the transaction may only be related to parts of the business. That could severely limit the outcome for Eurasia Mining’s shareholders." Well, except that that transaction will be for the part of the business that has somewhere between 2m and 40m palladium-dominant PGMs and maybe ultimately tens of millions more.

"The way I see it, there are two outcomes here. In the best-case scenario, if the company manages to negotiate a takeover, it could receive an offer of around £1.5bn. That would produce an attractive outcome for shoulders." No Rupert! The best case is much better.

"Eurasia Mining may fail to agree on a deal in the worst case, and the company may run out of money. That would result in a terrible outcome for investors." No Rupert! They have millions in the bank and if they fail to agree a deal, this would actually be the best case in terms of long term company value. You really must DYOR at the Motley Fraud.

"On that basis, I’d buy a limited position in the company for my ISA. Due to the risks involved, I’m not interested in acquiring a large position, because there’s a chance the stock could fall substantially if talks collapse". Perhaps an even better strategy, Rupert, would have been to earn your crust by actually doing your own research and taking a small position two years ago which would now be a big position with far less risk.

If there wasn't going to be a sale, we would have known about it months ago.

But, if that unlikely scenario were to come to pass, then there's no way the board won't have a contingency plan. My guess is that any RNS saying no sale will contain within it abundant detail on any resource upgrades, plans for activating the Sinosteel contract and moving to production, timelines for generating revenues etc. Yes, it will be painful watching paper profits evaporate, but the smart money will keep holding and buy big again at the bottom. Once the market digests it, the bottom could come very quickly and the bounce back could be extremely sharp. Anyone selling there could be quickly locked out. Personally, I would be buying heavily in that eventuality.

Anyway, with at least three non-binding offers - all of which will have taken the acquirers huge amounts of expensive intellectual and technical resources to put together (with a substantial opportunity cost of those resources not being put to other uses) - it's absolutely fanciful to think that one of those won't be executed. In fact, the only way this collapses is if the BOD themselves decide the offers aren't up to snuff, and if they decide that it's because they think shareholders will be best served by going it alone.

But, again, coming full circle to where I started, if this was the likely outcome, it would have happened months ago. Ipso facto: we're very, very close to the Tilly-patented biblical incoming.

Clearly a big buyer accumulating at 3.5p. Bet some chunky trades will land after hours tonight.

I tried to sell out a chunk of a couple of other positions to free up some cash for a quick trade, but couldn't get a quote for them on HL at 8am so gave up. Glad I did. Wouldn't have been able to get any EUA below 27/28 it seems anyway!

Is FOMO Wednesday kicking in? If the big one is going to land at 7am tomorrow, those waiting on shore may only have 25 mins to jump aboard this magnificent galleon for the short trip across shark-infested waters to Treasure Island. It's a one-off opportunity: no boat will ever sail to this particular palladium paradise again after we do.

Oh go on then, I just took another 5500 at just under 27p. Rude not to. It's close. You can sniff it. Unless, like me, you've recently had Covid, in which case the sniff is less a scent and more a theory.

I've never had any trouble with HL to be honest, although I've not tried to do anything complex like Bed and ISA and don't trade a lot.

One advantage they have, though, is that (if you're under 40) they're one of the few platforms that offer a LISA. Also, the 0.45% fee on shares is capped at £45/yr so if most of your money is in shares that you intend to hold, that's cheaper than II's flat £9.95/month. They also don't charge any fees for buying funds (whereas many other platforms do charge a dealing fee) but they then pick it up by charging 0.45% the other end. So, if you have a lot in funds, then it can become expensive.

Still, the way I see it is that it's swings and roundabouts: whichever platform you use will try and get money out of you one way or another.