The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Oh no, what happened, did someone get in who only thought it would sell for a fiver per share?! Lol Enjoy your thirty five quid per share before Christmas. Poor EUA gets funnier by the day, not even odx or napster had their heads this far in the clouds!
Between the pre-collapse odx chat and the current eua chat, almost identical! Speculation on speculation on speculation resulting in absurd valuations, ignoring information put out by the company when it didn't conform to the "ten bagger next week" narratice being put about, immense ramping, anyone pointing out reality told they were evil shorters trying to close their shorts and stop PIs from winning big, et cetera. But of course that was pre sp collapse at odx, now they just cry into their beer about losing 90% of their investment and apparently NO ONE WARNED THEM!!! lol
Couldn't agree more, tms, all starting to look very strange. Especially when you think that all the excitement from the very beginning was generated by an insider illegally revealing this supposed sales process. Years later, no named bidders, no amounts specified, and no assets identified which they want to purxhase. You only have to look over at ODX and Napster to see what happens to the sp when reality finally hits home. I expect some very painful days here for the long and strong brigade "shortly"!
Before we all get too hung up on the star-dazzling nature of big firms, let's remember that KPMG were conned by Quindell (on AiM) and AA by Enron! And i don't even think DLA Piper are magic circle, are they? So there's not much to get excited about there. Now, if you'd said CS&M or Slaughter & May, I might agree with you....
Nelson, certainly agree with your sentiment that a deal is possible; i just disagree with you on the likelihood of a deal. Nothing fundamentally changed between the sp lows presuspension and the couple of months postsuspension when the share price rose dramatically. Therefore logic dictates that the price change was based on the info change and the speculation surrounding that. Once the no deal rns lands, it will be back down to those levels, possibly a bit higher with the options on Pt licences. I don't think using a percentage of value of in ground elements is very relevant - there is no intrinsic value in mining PGMs, only in the profit of selling extracted minerals. So 1% of in ground Pd value may sound like great value, but is rather misleading and meaningless. I personally was very happy with the opportunity to make quick returns by selling into the takeover hype, and will be happy to buy back once the price crashes back to earth, and then wait for the long, slow slog of building a mine and extracting saleable minerals. At 2 or 3p I will think they represent good value again. Even with the acceleration in demand decline for Pd, which is my main reason for thinking a takeover is unlikely - the major players will have been.fully aware of what Eua has, but in reality if there was huge interest, there would be bidding wars, a quick winner declared and a deal done long ago. That hasn't happened, and i strongly suspect that it's because the political pressure to
accelerate phase out of ICE vehicles has been more determined than anticipatable, even a few short years ago.
RMR - I hate to break it to you, but every company sale which falls through has reputable investment banks, lawyers, accountants and advisors on the sell side. None of them are "risking their reputations" they are just EXECUTING on their business plan! And once this all ends with a no deal there will need to be a large fundraise, at the new crashed sp, to pay all of these professional services fees, because they don't work for free, regardless of the misunderstanding by some on here about how IB success fees actually work.
Quite the opposite on both fronts: I have no knowledge outwith the public domain RNSes, just like everyone else. And the company states in black and white that there is no sure thing on the sale front. I don't know how much plainer they can state the facts! Yet there are some people here trying to fraudulently con potential investors here into believing this will be sold for many pounds per share any day. The reality is that there has been no such deal announced, and there is a lot smarter money in the markets betting against this narrative - if they believed it, the sp would already be much higher. As it is, the smart investors on here got out of this in the 40s or even the 30s. Heck even in the high 20s. Simply because they could see that the shares were, and still are, massively overvalued for the known information about this company and its activities.
"Views" are not important, facts from the RNS are all that matter, so we are told. So the company says there is no guarantee that any deal will be done, or the price it might be done it. So the mkt cap has risen from 40m to 660m simply on fantasy and hope. The fall back to those foundations will be dramatic and painful when the no deal rns lands. Anyone speculating in eurasia at the current price risks a large downside of more than 90% just in hope/fantasy that some big buyer will pay many billions for a collection of licences in a rather risky location, oh and a small loss making mine. Lol yeah that sure sounds like a nailed-on multibagger any day!!!
Here is the most important RNS fact for anyone staying awake at night, afraid that the company will be sold "on the cheap" (which apparently means £2 per share!) - "Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms." Gotta love those RNS facts, as the BoD clearly state, the sale is far from certain, and there is no talk of multiple pounds per share, seems more like a warning that it has the potential to be a lot less that the current hope/fantasy based share price.
Here is the most important RNS fact for anyone staying awake at night, afraid that the company will be sold "on the cheap" (which apparently means £2 per share!) - "Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms." Gotta love those RNS facts, as the BoD clearly state, the sale is far from certain, and there is no talk of multiple pounds per share, seems more like a warning that it has the potential to be a lot less that the current hope/fantasy based share price.
Here is the most important RNS fact for anyone staying awake at night, afraid that the company will be sold "on the cheap" (which apparently means £2 per share!) - "Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms." Gotta love those RNS facts!
I certainly hope you are not trying to imply that a multi billion pound takeover isn't a nailed on certainty? Remember, the biggest worry here is apparently selling out for £2 a share and then regretting selling out for too little for what the assets are worth!!!!! That one was the best eurasia laugh i have had in ages!
You don't agree with the BoD that releasing the jorc "shortly" was obviously going to mean waiting many months for it! Let's hope they don't promise a sale update shortly!!!! Why would anyone bother buying these shares at the bargain price of 23p today when tomorrow always seems to present an even bigger bargain price? Also known as a falling share price to some evil derampers!
Ouch, I sympathize with your loss here. But remember what was said on this board when the sp was 80p and posters were talking about this not rising to £5 as assumed - bashers never bash a bad stock! I wonder how much lower it has to fall before the bashers were right. Losing two thirds of your investment value must hurt, but hopefully you've learned zome valuable investment decisions from the experience.
It does start to become clear just how the vast majority of PIs lose their money in AiM when people would rather participate in grouptgink fantasy about 20 baggers tomorrow, than actually think through an investment case coldly and logically without confirmatiom bias. Time will show us who was correct in their analysis - if i am right i will have saved myself a big loss having sold these many months ago and they will come down to a low enough price to make it worth speculating on the risk-reward; if the rampers are right they will earn some level of profit at some level if they sell. The question with AiM small caps is when to take a profit or loss, or ride it further and risk riding all the way back down again or lower. I have a nice profit banked and can today buy back my holding for almost half what it was sold for, or dramatically increase my holding. Simply don't think it is a good risk-reward profile right now. At 5p and below that may well change. So happy to keep following for an opportunity for another speculation. But don't kid yourself that this is an investment at 25p, there simply isn't enough rnsed fact to make this worth >half a billion!