Member Info for Numbers

I'll take a stab at this and say Slash.

Or maybe Richie (even richer) Sambora

When I 1st heard about EUA last October they were 1.3p but by the time I'd done some research I bought in at 2.45p. Did a bit of trading before suspension so average around 3.6p. Last sell was 6.22p but I haven't bought or sold any after suspension.

I used to be trading EUA from when I bought at 2.45p in October up until February. During this time the share had enough volatility to easily rise or fall by 20-30% on some days. It is never easy to sell right at the peak and buy back in the trough, but I usually worked on selling at what I thought was a good price 1 day and buying back in again within 24 hours at 10% lower. Doing this bought 10% extra shares each time so I found it was a good strategy to increase my holding in EUA without increasing my initial investment. Everything was going well until my last sell at 6.22p just before suspension. The plan was to buy back in at 5.5p-5.7p again but the price kept climbing so my last sell became an unintentional top slice. Initial investment was 22,000 shares but at 1 point I had almost 100,000 shares before ending up with my holding to 47,777 shares. After EUA came out of suspension I won't trade EUA again (unless I did a top-up first and use just the top-up to trade).

I love black pudding and also the square sliced lorne sausage Ian, but being based in South Africa means I've never seen it for sale out here. I've occasionally seen haggis for sale in the butchers but I've never tried it. There are loads of German ex-pats living in our town, along with a smaller British and Irish community. We have a German deli that brings goods over from Europe, but the British store we had closed down a couple of years ago.

I did almost exactly the same as Kettle - initially bought at around 22p and topped up in the mid 30s. Bought a few more on the way down at around 7p. Bought a few more when trading under 0.2p which brought my average down to around 4p, so anything above that will snatch victory from the jaws of defeat!

I'm seeing ads from Banggood. No it's not where you can get a good bang - just a Chinese site where you can buy cheap electronic stuff. Also ads for a hybrid Lexus and lifestyle estates in the Western Cape.

GMF78 and a handful of other LTHs with large holdings reckoned 78p was a possibility. My dream scenario is that multiple interested buyers end up in a bidding war and the final offer hits £1. This would make my current holding worth over R1,000,000 (South African Rands) before tax and give me a story to tell my grandchildren!

ferg.gg - When I first heard about EUA in October last year, my perception was they a small AIM company with a mine on the doorstep of NN. The best case scenario at the time was EUA would be taken over by NN. I bought in at 2.45p and the dream target price at the time was around 27p (which we’ve just exceeded today). Recent developments have shifted my view on EUA from a small player that might get lucky and be snapped up by the big company next door to a company that has a significant amount of in-ground assets that are in global demand. IMO there is interest from several international bidders and NN doesn’t look to be as much as a likely takeover candidate as it did last year. Multiple bidders could push any offer price up by 25-50% over “fair value” if there was only a single interested buyer.

The other interesting thing is EUA used to mention NN in their opening description:
“Eurasia Mining is a palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals. It is also the operator of the Monchetundra Project: two predominately palladium open pit deposits located 3km away from Severonickel, one of the largest Norilsk Nickel's base metals and PGM processing facility, near the town of Monchegorsk on the Kola Peninsula.”
The introductory preamble for this RNS has been changed to:
“Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits near base metal and PGM processing facilities close to the town of Monchegorsk on the Kola Peninsula, ….”

I've already taken profit before suspension, so the remaining shares haven't cost me anything. Holding out until the end...you've got to be in it to win it!

Initial purchase at 2.45p, but was trading on the way up brought the average to just under 3.6p. Last sell was at 6.22p so on a free ride with the remaining small holding.

A few buys have gone through at 0.75p to 0.77p. There are even a few "sells" listed at 0.64p to 0.65p. I'm not sure if the 0.64p and 0.65p trades are buys or sells...

n1247, IMO it would be a bad move to set a stop loss on an AIM share with such a low market capitalisation of £3m. The MMs will see stop losses and may briefly drop the bid to take out stop losses and 0.41p could be triggered again tomorrow.

Funnily enough I think that is probably what happened with the biggest sell of the day. This morning there was a 12,000,000 sell at 0.41p - which was the lowest price of the day. I cannot imagine somebody with that size of investment getting spooked and manually hitting the sell button at 0.41p today. It's more likely to be some unlucky punter who set a 0.41p stop loss just in case things go horribly wrong and the MMs took it out for a fast buck. Most of the buys were going through at 0.5p or about 20% higher than this seller got for their shares...

Very slow day today. Virtually no volume - only a dozen sells in 3 hours with a TOTAL value of around £4K.
16-Jun-20 11:16:56 0.701 49,630 Sell* 347.91 A
16-Jun-20 11:13:37 0.74 337 Sell* 2.49 O
16-Jun-20 10:19:45 0.7099 21,866 Sell* 155.23 O
16-Jun-20 10:12:37 0.7105 5,486 Sell* 38.98 O
16-Jun-20 10:07:50 0.7105 71,211 Sell* 505.95 O
16-Jun-20 09:51:41 0.7105 50,099 Sell* 355.95 O
16-Jun-20 09:39:27 0.7105 4,065 Sell* 28.88 O
16-Jun-20 09:21:19 0.7105 100,000 Sell* 710.50 O
16-Jun-20 09:14:33 0.7105 64,739 Sell* 459.97 O
16-Jun-20 08:08:55 0.7105 69,707 Sell* 495.27 O
16-Jun-20 08:08:17 0.7105 45,339 Sell* 322.13 O
16-Jun-20 08:07:32 0.7417 87,636 Sell* 650.00 O

Slowest day this month was last Wednesday with only around £65K of trades. Nobody buying or selling with bid 0.68p and ask 0.86p (crazy >25% spread).

There was another mysterious trade on the latest trades page of the Eurasia website on 29/04/20.

29/04/20 15:31 3,000,000 4.51 0.00 0.00 £135,150.00 Buy

A 3 million trade at almost a 40% discount to the 7.2p price at suspension. It is listed as a buy rather than a sell.

capslock, IMO most of the volatility after the last RNS was due to day traders wanting to make a fast buck. The share has settled at around 0.95p with around an 8% bid/offer spread so buying in at 1.04p isn't too bad. If you look at the big 2 buys at close over the last couple of days these people paid 1p and 1.3p to buy in. Buys have been exceeding sells for the last few days, yet the price seems to drop slightly at close with each passing day. Why is this if the demand for share purchases exceeds the demand to sell shares?

IMO the MM are keeping a lid on the share price. This flushes out the traders and holders who have bought in but are having doubts about their investment. The pattern is any shares being sold are being bought up in big chunks at a slight premium and these come through after the market. We'll need to wait to see if this trend continues.

If you want out at 1.1p then you can set a limit sell at that price and you may get lucky and the price will spike up briefly for the MMs to buy your shares over the next few days. I've done that with another AIM share having an "ambitious" limit sell that was executed. I then hoped to buy back in when the price dropped by 10% or so, but the price kept rising so I didn't have an opportunity to buy back in.
Luckily I only traded around 35% of my original holding, so I continued to make more on the other 65%.

There probably won't be any significant rises unless another RNS comes through with further good news. I'm holding for the end game on MTFB, as I'm a LTH and initially bought in at 32p, although I've got my average down to 4p now.

*right

Wow Bobby, you have to argue with everything saying a broken clock is only right once per day? I suppose there are the old "digital" clocks that use physical numbers on a carousel that have AM and PM on them that if they broke down they would only be right once per day. Maybe Kettle should have said that a broken ANALOGUE clock is write twice per day.

Actually Bobby, come to think of it your argument is likely to be more true than Kettle - you getting 2 things right in 1 day is very very unlikely! :-)

I bet the MMs needed to work hard to fill that £103K buy. Buys were already exceeding sells by over 3m shares today. That single after hours buy was greater than ALL the sells today. Looks like the case of the strong patient investor buying from the traders and weak holders...

The last couple of days have seen the demise of the day traders. Today especially there is a big bid/offer spread (around 15-20%). Low trading volume now and big gaps between trades - no trades for 1 hour here:

19-May-20 12:03:26 1.057 283,259 Buy* 2,994 O
19-May-20 10:59:35 0.994 230,944 Sell* 2,296 O

Buys exceed sells by around 5m. Perhaps the amount of available shares drying up is causing the big spread? MMs relying on weak holders for supply of stock. IMO the low volumes will continue until another RNS with some news...

They also paid a significant premium to the ask - 1.275p