RE: 18’s now14 Feb 2022 08:53
Agreed Dulyred. The problme here is that the rainbow was promised years ago and yet still the BOD can't manage to confirm for the market the resource and reserves figures, even though they are now in receipt of the report compiled by WA. The BOD have done much to damage sentiment here by one delay after another. They do put out positive RNSs but they are never crystal clear and it's the continued smoke and mirrors that undermines investor's confidence. That together with the ongoing geopolitical tensions result in this feeling more like a nuclear potato rather than just hot. I sold 160k shares last week at 21.47p last week and would love to lower my average further. I could do that now but it's simply too risky. The BOD refuse to clarify the sale situation but they do at least state progress is being made. If DD was completed nearly 4 months ago then that suggests to me there is still some negotiating to be done or else this would be done and dusted. Just my opinion but current world situation favours the buyer at the moment. If the BOD had not been too greedy this could have all been over ages ago imv.
Now we just have to sit and watch, wait and hope things calm down on the international posturing front and that our BOD can for once, just once, give the market some concrete information. Last week's figures were terrific but it's the updated JORC figures the market will value EUA on and nothing else. the license transfers will help too but these are also for some reason being held up having been in an advanced stage back in September.
For all the mud slinging that goes on here I am long on EUA, have never shorted any stock and can confirm that most of my holding is still in rather than out. If the sp slips further then it's just out of necessity I de-risk more. Yes, I may well miss out if there is a sudden announcement but I simply can't see that happening whilst the West threatens Russia with such punitive sanctions. Putin will find every way possible to retaliate in the markets and hit the West where it hurts most: in our pockets.
Nervy times so GLA
Sign In
Follow the stocks
