Member Info for Montmuzard

The mad thing is that, on the occasions when these deramping loons come out of nowhere to infect a board overnight or over a weekend it literally says to LTHs that good news is incoming. It's remarkable that (as with their misguided use of stop losses) so many PIs don't latch on to what's going on.

I'm up 1341% on one batch and 2330% on the next batch. I'm not sure it's about balls of steel. I already sliced a bit around 4p so am basically on a free carry anyway, and in many stocks I would definitely take more slices now.

But EUA is different: it's a one-off, it's binary. Even if it all goes wrong, they still have the Sinosteel contract and everything in the ground. Nothing will ever be this nailed-on again. I see it as genuinely life-changing. Sure, I could take more money than I've ever had out now, but since I'm confident that this will be more than double (maybe treble, even quadruple) what it is right now in as little as one day, why would I dilute my profits? Why make it less life-changing than it could be? Sometimes it's important to take profits, but if you trust your research it's not that difficult to keep holding, at least in this case.

@cj - Yep, absolutely, I got lucky here but it's taught me a lot: do your research, invest early, leave it alone, keep some powder dry to average down when given an opportunity, trust the research when the bot flies arrive, enjoy the camaraderie. I couldn't quite believe it when Sam bought back in here a few months ago ... and then promptly disappeared again! When he was buying back in at 17s or 20s or whatever I was sitting on a 1000% profit just by keeping the itchy finger trigger in check.

I bought in around the same time as the pilot (although I never posted then) and was permanently mystified by his lack of patience. The mad thing is he doesn't learn: I've seen him do the same thing on about a billion other stocks since. Wonder he's got any money left!

There's no reason for it: it's clearly gonna land tomorrow!

@Magnum - I feel for you, I really do. My mum is still with us - 70, on her own, been shielding for months - and she recently shelled out her life savings to get her garden done to allow her to get outside. We never had a pot to p155 in when we were kids either. I can't spend Christmas with her, but I'm really looking forward to depositing a few grand into her account for Christmas so she can replenish her savings account.

@Arsenalles - that’s what I was wondering. Let’s hope so! Equates to an extra 10% premium (although UBS have probably grabbed a big chunk of it!)

Dipped down to 39.5p on Google briefly. Why oh why would anybody set a stop loss, at this point, right now? Madness.

"So the sp values us over £1b so what are the buyers valuing us at ? 3-5 b would give 90 p -£1.20 do we think it could be more than that ? I know the in the ground value is huge but where do you guys think ?"

Yes. Impossible to say as we have no idea what data is in the data room or what offers have been brought to the table. But I'm expecting more than a pound, hoping for somewhere around £1.50 (give or take) and wouldn't be surprised if we got somewhere near D Shox's outsize target of £2.30. My back of the fag-packet calculations also have an excessively hopeful/optimistic top end of £2.76 but of course that sort of wonga is unlikely without a JV-type scenario materialising. But who knows? It's the last non-consolidated palladium play; has bucketloads of other PGMs, especially rhodium; and is potentially the subject of a Chinese-Russian bidding war!

"Can all shipmates grab a glass & meander to the port side raise your glass & belly laugh at the naysayers, doom mongers & negative Bot flies"

I can't see them Tilly. They're back over the horizon on Interim Island wondering where all their doubloons have gone. I tell you where: big hangovers and a nasty itch from a month of partying at the Onshore Tavern.

@Buckle: There'll be roughly 3bn shares in issue by the end, meaning every £1bn will be around 33p. BUT... this is very much a rule of thumb as it doesn't really account for the fact that EUA own 80% of Monchetundra etc. or the fees due to UBS, DLA Piper etc.

Something that struck me last night is that every 1p costs the buyer £30 million. Just let that sink in, in terms of negotiating strategy. Whenever we chuck around 80p or £1.40 or Rowka's £3.50, every single penny that is negotiated is worth another thirty million pounds from the buyer's pocket. Or, as we might also nickname in, "one Phil Taylor".

"My question really is how would we feel if we received a similar deal to GGP where we would keep 25% revenue of what's in the ground and someone else does the work?"

Ecstatic. Give me a 50p special dividend now and 25% of, what, A HUNDRED BILLION-PLUS - over the next 20 years? Game on!

Like many others, I'm already in SYME and intend to increase my position there, and am looking at EML as a potential long-term dividend payer. Very similar business to SXX; totally different company though. EUZ will eventually come good too I'm sure (and possibly spectacularly so). Others I'm monitoring: ITX, MVR, NFX. After EUA, I'm also putting 50-60% in funds for a bit more security and to free up some time not spent gawping at LSE (ha ha): Fundsmith; Blue Whale etc.

I also intend to keep sitting on my hands until the shout from the crow's nest. I can see why people are taking profit - totally fair enough - but I view every penny here as worth at least two months of early retirement (and possibly much more once I've reinvested it for another decade) and I'm not giving that once-in-a-lifetime opportunity up for anything.

@Dmitry -- times two here! That's when I got in, under 1p for a large batch of my stock. I was worried then about offsetting a £10K loss in SXX, and am now sitting on x 20 of that, with hopefully more to come...

"Seriously gigantic kippers showing up"

Smoked whale for supper shipmates! Inhale the blubber!!

Hands up if you remember when today's 2.5p rise would have been a 200% day!

@Newbie - it's like Peter Kay's stand-up routine about the airport baggage handlers chucking a spare suitcase onto an empty baggage carousel to wind everyone up while they're waiting patiently to get home after holiday!

"This is the people who work on funds day job, they're experts at what they do, they will always have a far better idea of timing than any of us."

This is true Mac, added to the fact that they have access to the city rumour mill and huge amounts of other people's capital to play with so don't need to generate multi-multi-bags: a nice 200% or 300% on a few million quid is an awful lot of money. But, they do face constraints, and what they don't have is the ability to take the really big risks that do generate those multi-multi-bag returns, which is where us lowly PIs are at an advantage of sorts. If you pick the right stock, do your research, and are prepared to hold through the ups and downs, you can (as many of as currently are doing) enjoy 2000%+ (and much more to come) returns.

I've learned a lot with my EUA experience: research hard, trust that research unfailingly unless the facts change; invest early when there's barely a ripple in the sea, average down constantly when the SP is drifting, build as a big a stake as possible; sit back, wait, enjoy the camaraderie. Once this is over, my intention is to redeploy around 30% based on these principles, siphon a nice chunk off to buy memories and add to the wine cellar, and stick the rest in funds so as to protect the capital and generate stable, long-term returns (while safeguarding the old ticker).

Big pat on the back and extra tipples for all shipmates who are still holding!

Me neither. I also have a request from the lady of the house that the sinks are all reinstalled by, ideally, Christmas, and at least by the point at which this ruddy lockdown starts to ease in the new year as we might be needing them.