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At the start of the day (1st 30 mins or so), volume of buys were almost 3x that of sells and SP was rising (12.5p+). A bit later the sells were slightly exceeding buys and SP dropped back to just below 12p. Buys were 1.8x sells when I looked. SP has dropped to around 11.6p and sells 30mins ago were still exceeding buys (bringing buy:sell ratio down to 1.6:1).

What caused this? IMO people overnight realised EUA was on top performing list and decided to buy in at bell so as not to miss the boat. Price spiked and probably the traders are taking some profit. What has surprised me today is even with the price falling back below 12p, the sells still seem to be exceeding buys...

@isthistheone4me, IMO EUA were working on selling off their PGM assets. After this EUA V2.0 still could have substantial Nickel and Hydrogen assets in-ground.

Russia invading Ukraine has caused the current spike in the Nickel price (almost doubled in the past month). Russia currently mines 17% of the World's supply. This percentage will increase once EUA start mining...

Nickel is traded per ton! :-)

These transactions look like shorts closing:
15-Mar-22 12:41:46 0.0956 125,305 Unknown* 119.79 O
15-Mar-22 12:41:46 0.09556 -125,305 Unknown* -119.74 O
15-Mar-22 10:28:18 0.1029 47,392 Unknown* 48.77 O
15-Mar-22 10:28:18 0.10299 -47,392 Unknown* -48.81 O
15-Mar-22 10:19:23 0.1014 141,211 Unknown* 143.19 O
15-Mar-22 10:19:23 0.1015 -141,211 Unknown* -143.33 O
15-Mar-22 10:47:27 0.1009 973,405 Unknown* 982.17 O
15-Mar-22 10:47:27 0.101 -973,405 Unknown* -983.14 O
15-Mar-22 10:43:47 0.1012 626,733 Unknown* 634.25 O
15-Mar-22 10:43:47 0.1013 -626,733 Unknown* -634.88 O
15-Mar-22 10:42:12 0.1013 2,525,564 Unknown* 2,558 O
15-Mar-22 10:42:12 0.1014 -2,525,564 Unknown* -2,561 O
15-Mar-22 10:38:41 0.10 8,000,000 Unknown* 8,000 O
15-Mar-22 10:38:41 0.10001 -8,000,000 Unknown* -8,001 O
15-Mar-22 10:33:00 0.1029 181,660 Unknown* 186.93 O
15-Mar-22 10:33:00 0.103 -181,660 Unknown* -187.11 O
15-Mar-22 10:27:39 0.0985 2,624,993 Unknown* 2,586 O
15-Mar-22 10:27:39 0.09851 -2,624,993 Unknown* -2,586 O
15-Mar-22 10:12:10 0.1016 790,597 Unknown* 803.25 O
15-Mar-22 10:12:10 0.1017 -790,597 Unknown* -804.04 O
15-Mar-22 10:10:26 0.1016 4,916,469 Unknown* 4,995 O
15-Mar-22 10:10:26 0.1017 -4,916,469 Unknown* -5,000 O
15-Mar-22 09:46:27 0.0967 193,295 Unknown* 186.92 O
15-Mar-22 09:46:27 0.0968 -193,295 Unknown* -187.11 O
15-Mar-22 08:28:39 0.0897 2,209,744 Unknown* 1,982 O
15-Mar-22 08:28:39 0.08979 -2,209,744 Unknown* -1,984 O
15-Mar-22 08:24:15 0.0897 805,657 Unknown* 722.67 O
15-Mar-22 08:24:15 0.08979 -805,657 Unknown* -723.40 O
15-Mar-22 08:23:02 0.0897 769,127 Unknown* 689.91 O
15-Mar-22 08:23:02 0.08979 -769,127 Unknown* -690.60 O
15-Mar-22 12:16:49 0.0953 1,531,500 Unknown* 1,460 O
15-Mar-22 12:16:49 0.09531 -1,531,500 Unknown* -1,460 O

Could there be some news on the way shortly?

The 2 most likely BRICS countries are China and South Africa IMO. Both tend to have more socialist/communist policies than the USA and West. Russia has good existing trade relations with China and SA, so there's less chance of tit-for-tat sanctions being imposed between Russia and these BRICS countries. Could be BAU between Russia, China and South Africa. I live in SA and several ANC ministers broadly support Putin. One minister was in hot water with the president for saying that Russia should withdraw from Ukraine.
https://www.businessinsider.co.za/russia-reminds-south-africa-of-apartheid-and-diplomatic-relations-2022-2
https://www.dailymaverick.co.za/article/2022-02-27-pretoria-scrambles-to-repair-relations-with-russia-after-calling-for-invasion-force-to-leave-ukraine/

EUA was previously suspended in February 2020 at around 7p and came out of suspension in July 2020 at around 14p. It is almost unbelievable to see the price back at around the same level as it was 2 years ago!

The share price has kept dropping over this past week and we are down almost 40%, yet the buys exceed the sells each day. IMO the price is being manipulated down to remove shares from nervous PIs at historically low prices during this period of uncertainty and being bought up by big investment firms and braver PIs. The confusing thing is where are the TR1s if that is the case.

I'm continuing to hold and I've bought a few more shares recently, but bought a bit early and paid 9p for them.

Good thread title MrBasse. You start to question your investment decision when dozens of people come on and say EUA won't sell now etc etc after this black swan event. As other posters have said, these people probably don't even have a short against EUA and are probably looking for a cheaper entry price. The BOD has been working diligently for decades to add value to EUA and bring better shareholder value. They announced a liquidity event and IMO it will still happen, but the timescales will probably be pushed back until after the dust settles with the war in Ukraine.

I still have my modest core holding, but have also been trading over the past few years (mainly to increase the amount of shares but I did take out my initial investment when I sold a few at 37p). The price dropping below 10p was a complete shock, but also a buying opportunity (although I had limited funds). I've now increased my core holding in EUA and I'll sell a few when the price recovers again (at around 15p).

The big positive in the recent RNS is EUA are dealing with BRICS countries (probably China and South Africa) and Japan rather than dealing with the USA. Russia already has established trade links with both China and South Africa. They have more cocialist/communist policies and viewsthan the USA and the West.

The buyer was prepared to pay over 5% more than the ask to secure this substantial purchase. There were slightly more sells than buys recorded and today was slightly quiet transaction wise (£122.7K vs £119.1K). If all 3 transactions were from the same buyer they must be pretty confident to buy over £60K of UFO shares today!

IMO the Renergen Helium discovery in South Africa could affect Helium prices if they managed to sink a well and started production. They seem to be slightly behind HE1 with their timescales. They don't have an accurate estimate of the amount of Helium that is underground yet, but it could be a similar size to the Helium at Rukwa.

Conservatively they are estimating around 1 Billion cubic metres (35Bcf), but there could be almost 10x that amount, making the potential Helium resource even larger than Rukwa's 138Bcf resource.

He1 need to start producing ASAP, to take advantage of the current constrained supply to have a good profit margin. If/when Renergen start producing the price of Helium could start dropping as production starts to meet the demand.

I suspected that the EUA plunge was a major over reaction on Thursday and they were a gift at under 10p. I sold my stake in HE1 (the only share in my portfolio other than EUA that was still in profit) and used the funds to buy EUA. Put a limit sell of just under 15p on yesterdays shares I bought and the deal was was executed. Made over 50% profit after dealing costs in a day. I had to pay around 5% extra to buy back into HE1 and used the profit to increase my holdings of OMI (brought my average down).

Yesterday was a better top-up opportunity where you could buy in below 10p or even 9p. My top-up yesterday raised my average price from under 6p to over 6p now.

I'm sure some of the LTHs bought a few more shares yesterday at sub 10p prices. Not all of today's sells will be their whole pot, perhaps just the "top-up" they bought yesterday. That's my strategy, although I've set my limit sell on yesterday's top-up at nearer 15p. If executed over the next few days it is a quick profit - if not just continue to hold for the liquidity event.

Judge-mental, there is also interesting history around De Beers too. Way back before 1994 South Africa was subject to sanctions due to the Government practicising Apartheid. So way back De Beers had to find ways around these sactions to move their mechandise. Maybe set-up another company called Anglo American would help? ;-)

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Let's hope that sub 1p prices are a now behind us and UFO is finally ready to take off now!

Cue abuse? Or must we form an orderly queue to abuse? :-)

Methinks Khaled78 or his employer wants to relieve us of our shares at sub 10p prices. :-)

Straight from Google "A Price Monitoring Extension is activated when the auction matching process would
result in an auction price that is a pre-determined percentage above or below the
base price."

I'm not an expert, but auctions are held at the start of the day, about half through and at end of trading, to determine opening and closing prices. Price monitoring extensions seem to happen when the share price is moving quickly, whether up or down. They extend the time of the auction (once or twice) to see if they can get a finishing price within the pre-determined percentage.

I'm still trying to work out what Khaled78 wnats to achieve here. Initially mentions price dropping back to 7p after a reasonable rise towards the end of last week. Now saying they are making money by TRADING HE1 and encouraging others to do the same! What could go wrong he implies - sell your shares when the big buys come in and then buy back later that day when they fall back down again on no news. Oh, surprise an RNS has just dropped!

I only have 47,000 shares with a book cost of around 5p. I started buying at 2.45p and have been trading them along the way and sold a few at 37p, so really on a free ride now.