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Renting is okay for the short-term (under 5 years). If buying make sure you find a place that you are 90% or so happy with and plan to stay there for an absolute minimum period of 5 years, as the buying/selling and moving costs erode short-term capital growth. Timing is also important and right now UK house prices are booming as people are trying to move during the stamp duty holiday to save on costs. Some houses are going for over asking price and gazumping is making a comeback.
With shares a profit isn't a profit until it is banked. If you are lucky enough to have a stock showing a 100% paper profit but think it is still a good long-term hold, consider selling 50% of the shares. This means you can pull out your original investment and still hold half the amount of shares that are on a free ride. You reduce your risk if something unexpected happens and the SP dives but you also reduce the amount of profit you could make if the company continues to grow well in the future.
There were a few big buys and sells of over 1m shares reported.
18-May-21 16:32:03 1.933 10,000,000 Buy* 1.78 1.80 193.30k O
18-May-21 07:31:14 2.20 15,000,000 Buy* 1.78 1.80 330.00k O
18-May-21 08:03:20 2.00 12,362,202 Buy* 1.78 1.80 247.24k O
18-May-21 17:05:22 1.80 3,689,193 Buy* 1.78 1.80 66.41k O
18-May-21 16:10:36 1.75 5,000,000 Sell* 1.78 1.80 87.50k O
18-May-21 16:13:05 1.75 5,567,435 Sell* 1.78 1.80 97.43k O
18-May-21 16:14:16 1.7508 33,333,333 Sell* 1.78 1.80 583.60k O
The 2 biggest buyers today paid between 2p and 2.2p so hopefully the low was hit today and there will be a decent bounce back tomorrow.
I 1st heard of EUA on the SXX board (I didn't invest in SXX) and another board when they were around 1p. By the time I'd decided to invest I bought 22,000 at 2.45p. Between October and February the SP was volatile (could easily rise or fall by 20-30% on some days) and I traded several times to make 10% or so profit on each transaction. 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 strategy increased 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 that last trade 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 going into suspension. I'd planned to hold 77,777 shares but TBH I was much more chilled out during suspension with being on a free ride with the lower amount.
After EUA came out of suspension I didn't trade EUA again (until just after Alexei sold a few of his shares). I grabbed a few shares at 22.45p and sold them and a few more at just over 26p. Still holding 47,000 shares and I've so far resisted the temptation of trading again...
I was going to say EUA but Pacha has already done that. I'll try another miner then, UFO at 1.2p. They are mining silver and iron ore, both of these commodities are starting to spike. 3 months might be a bit of an optimistic timescale, but UFO share price should start flying sometime within the next 12 months if silver and iron continue with their upward trajectory...
Nobody likes to see the value of their investment drop around 35% in a day. I figured the market was over-reacting yesterday and the share price would bounce back within a few days. HEMO is still working on several interesting projects so I'm happy to hold for the longer term. I bought some more yesterday at just under 4.4p, reducing my average from over 8p to under 6p.
Some traders may have sold out in the hope of making up their losses on another share, as they were only holding in the hope of a partnership with or being bought out by the big pharma company.
Hopefully the majority of the LTHs will continue to hold or even buy more on the dip. The directors have a good stake the company, so have a vested interest in seeing the share price rise over time. They will be seeing a big paper loss right now, but they have access to the cash to keep researching and developing their products.
Roger65 “Just no idea where this is heading but I’m 99% certain a full sale is out the window. The notion of strengthening one’s negotiation position 10 months into an FSP suggests we’re nowhere near the point of finalising a deal.“
I must admit before the 2 latest RNS were released I thought the chances of a FSP were greater than 90%. Now the chances of a FSP by a single company/entity look more like 50/50, the main reason being EUA has more confirmed assets in the ground and are taking on another director now. This director is liaising with a Japanese consortium companies like Toyota, Nissan, Honda etc that are end users of the resources that EUA has in the ground, but they are not mining experts.
EUA are experts in mining exploration and their focus is to discover in-ground assets and quantify them. There are several large mining companies that are experts in digging and processing PGMs. IMO the Japanese consortium aren’t planning on buying the in-ground PGMs and they are attempting to secure a reliable supply of the mined product rather than doing the mining themselves.
IMO it still makes sense for a big miner (or miners) to buy out EUA or buy the right to mine in a specific area. I’m thinking miners as there is so much to mine so any single miner may struggle to afford what the in-ground assets are currently worth and put in the infrastructure to remove and process these assets quickly enough to meet the demand from the end users. Maybe not the whole of EUA will be sold and they will act as a middleman in the supply chain between any big miner(s) who buys into the physical mine and the end users who require access to PGMs. Remember that Dmitry has previously mentioned dividends in previous interviews and set-up Lybrion which could be used in the PGM supply chain, which suggests that he wasn’t planning on a full buyout.
I still believe that some EUA assets will be sold as CITIC and UBS are still working on a no sale, no fee basis and EUA have engaged DLA Piper. The FSB process seems to have taken a relatively long time, perhaps because a variety of different buying scenarios have been discussed and perhaps different miners have been discussing which areas they want access to and several might be forming consortiums to decide which one is mining, who is processing etc.
IMO the last 2 RNS have increased the future value of EUA but it hasn’t been reflected in the current purchase price. I suppose this could be because lots of people thought a FSP was “in the bag” and we were going to walk away with £1 or more per share but the latest news has introduced some uncertainty about the future direction of EUA. I’m personally very positive with EUA in the long-term as they have a strong team of directors who are experts in their fields and have invested a significant amount of time and money developing EUA over the past couple of decades. I’m happy to continue to hold EUA and have faith that the directors will secure the best deal...
Initial purchase was 22,000 at 2.45p. Did some trading up to February and held almost 100,000. Sold a chunk at 6.22p just before suspension with the intention of buying back in at nearer 5.7p again but price kept rising before suspension. Left with 47,777 shares at average of 3.55p. Not done any trading after suspension and made final purchase of 877 shares at 22.45p the day after Alexei sold a few of his (couldn't resist and would have bought more but that was all the spare cash I had). Currently have 48,654 at 3.9p average and holding tight.
Boyzer1969, if gold is around $1800 per oz and silver is around $30 per oz then gold is worth roughly 60x that of silver. The process of recovering precious metals from circuit boards is quite labour/energy intensive. All the gold is recovered as it is worth it's weight in gold. Perhaps not all silver is recovered due to the cost of recovery exceeding the value of any recovered silver...
I just noticed that the ! inside the triangle to indicate suspension has just disappeared this morning. Hopefully this is a sign that they are about to relist! I'm going for 08:00 tomorrow 3rd February.
The suspended ! inside the triangle symbol has disappeared again. It could be an LSE glitch or perhaps they are getting things ready to bring MTFB out of suspension...
Thanks, OTPSENPAI, I didn't know Alien Metals traded on the OTC using the ASLRF ticker. If we cannot manage to break 2p by 16:30 tomorrow then perhaps the Yanks can do it in extra time! If we achieve a 20% rise every day then we could achieve 3p by Friday.
rooblertwo, if they've reached the singing stage surely that is a good sign! It isn't over until the fat lady sings! Let's hope they have enough money in the coffers to hire one... :-)
SYME, HEMO and UFO look good. Already have a small stake (under £1000 in each) but plan to add to them after EUA sale/JV. Initial investment was under £1000 in EUA back in 2019 but that holding is worth more than the combined value of the other 7 shares that I hold.
I've recently bought a few SYME, HEMO and UFO shares. I've been debating whether to buy more EUA but decided diversify a bit and also didn't want to increase my 3.56p average. I'm already up on SYME (0.364p) and HEMO (8.28p) but still underwater on UFO (I bought in at 1.2377p). Hoping to add more to the above...
The chances are that UFO could briefly drop to at/near to placing price, but should have strong support and bounce back up. I was looking to get into UFO and finally bought some at 1.2377p on Friday.
I've been in EUA since last October and hoping UFO will show good growth over the next few years. Lots of EUA holders already have UFO and I suspect there will be a lot more interest in buying UFO if/when a EUA buyout happens as people invest some of their profit in other miners...