The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Thanks Shedulike....as always these AIM resource stocks are chavvy. But i scaled in (at a much higher price) and then watched with horror how the company erroded by investment. But I have now scaled in 10 times bigger at this price. the results of the 58kg are key....more important for sentiment than the JORC that most readers wont read and go straight to the CEO conclusion LOL. If EUZ are reading this, please make the heading of the RNS positive as most investors based on that one sentance will hit the buy button to catch the incoming price increase!
Look at MATD today.....been bad news followed by bad news. But they like us finally proved that they had oil and it flowed. A rerate this morning (at one point 100%). No reason at all why this cannot be the same at EUZ. We have minerals, the JORC will reconfirm this and even better the Mets will show how to get them out of the rock (akin to a flow test imo). Warrants exercise will happen, I think they are pretty much cleared already - and who cares they amount to 41K. Hardly life changing. The MMs of course marked down on the 16 million sell. Its still early in the day, this will come blue again today.
I tend to agree about JW. Thats said he does bring interesting companies onto the podcast that previously PI had no access to. I remember 20 years ago scanning the pages of newspapers for news on stocks. So now i think the PI has more tools and JW podcast certainly helps.
Speaking of which the recent interview with the BIDS board member was very impressive and i liked what he said about reverse interviewing the BIDS management.
I think the position is now quite binary....this new marketing channel will either work or wont. The real uncertainty now rests on whether BIDS can make the 5 million number by the targeted year end.....If they do this stock will go balistic....If it doest I can see it easily loosing 30% .
Someone should check Zak Mirs charting to predictions to reality. ....they are really not worth much in my opinion. The fundamentals are key here.....Generally a good JORC can result in a 50% move upwards. So my guessing would be we will reach 50......if the share catches the eyes of other investors we could see a run back up to 70 where the SP was a while back. My fears are that the CEO does another raise into strength....we have to bear in mind that are far from turning this mine into reality and cash is being burnt everyday.
I think it goes a little deeper than that. Why would you issue a speeding ticket to slow the SP down unless you want to keep it down, or lets say, tempered for a reason. Think there is something else on the cards here which needs the market cap nice and low. For sure the sting has been taken out of this one now, I could see it testing 50 before this news and then on a eventual RNS towards the 1p mark. Rather now we will open Monday with a GAP down and then flat again. I will let the dust settle and the price drift lower and then top up. This still really has one way to go and thats up....seems will need more time.
We have a market cap of 2 Million. Why would Shandong Ruyi pay 16.5Million for 54% now.
They can (in theory) get the entire company for 2 Million...... Why not just make an offer to the company at 4 Million a 100% premium on todays price and buy the lot.
To be fair he called the SNT scandal perfectly. What he claimed would happen, did happen. So wouldn't dismiss his comments. If you stop and think, something has to give with this AST thing, the government have dug a hole for themselves and now need to get out without loosing too much face.
Agree with Redbus....Akers was after a shell, his co-investors held over 30% so at the right price they could have made an offer for the remaining shares. Someone, somehow, somewhere put the PI Army on to this share and ended up almost doubling the price for Akers, so no shell but a healthy profit. Akers could have sold hoping to spook PI and drive the price down below placing level so that he could buy again.....who knows.
Fundamentals are we now have a company valued just under 740K - so pretty much a shell price. If their sales can now consistently be 140K for the next 12 months there is sales revenue of 1,680M and an undervalued company.
RNS later this week will clear this up. I bailed the second I read the TR1 RNS......but then re entered again about an hour ago.
Good luck everyone.
I think this is a possibility that he was planning an RTO and got caught out by PI interest and driving up the price. He had established a new co in January - wonder what that was for. Probably the CEO has been working hard since end of last year to keep these parasites off his company. Anyone know who this other guy is Brendan Adams?