question27 Aug 2021 11:01
Is there any reason why EUA could not tell us when Wardell Armstrong were appointed? Meaning we could at least have an inkling on possible timeline for next news? Would even that be in an NDA?
I'm positive on yesterday's RNS - UBS and DLA Piper are there for one reason only - to advise on a sale. It was confirmed yesterday that UBS and Piper are still on board. Confirmation that we will definitely have a resource update to JORC standards. That absolutely will send the sp north. Question is how long before that arrives.
In the mean time, whilst the BOD have given us some positive news, which myself and many others have been clamouring for, it's also telegraphed to the shorts that they have a bit longer to attack the sp. This is why I think there has been such an outpouring of vitriol for EUA and its BOD since yesterday morning. If all those people are genuinely invested then why would you wish to run everything and everyone involved at EUA down?
Only three possible reasons.
1 - you're genuinely hacked off at how long it is taking to get us back to the recent highs of 40p and are currently under water.
2 - you're short and see this a last ditch opportunity to make a few quid before flipping or getting out.
3 - you simply want to get a lower entry point to lessen your risk once invested so contribute aggressively to negative sentiment.
If you're 1 then I can certainly sympathise but a little more patience will, I hope, be rewarded. To what extent it's impossible to say atm thanks to lack of clarity in all RNSs over the last year. But the signs/hints are all improving with each missive (bone) we are thrown. Why there is such secrecy around everything I don't know. I understand NDAs but can these be so broad in their limits as to restrict EUA from giving us even one or two chewable nuggets of info? Could it be that EUA's BOD are deliberately setting this up to damage all those who have been snapping at their heels over the last few years suggesting EUA is worth nothing or at best, very little? Do they want to spring a welcome/nasty (depending on which side of the fence you sit) surprise on the market? Anyway, if you ever despair at having to wade through so much carp on this BB , just a friendly piece of advice - I enjoy reading on Twitter really useful and helpful (and refreshingly totally un-alarmist or emotional) bits of research from the likes of R1EX, GMK78, Richard Dugdale, Muesli Brown and DShox (and many more). Calms the nerves and soothes the mind and helps stay the hand from that sell trigger.
If you're 2 or 3, then sod off.