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I think it was a mediocre RNS hence why the share price has not moved in response to it. When I read people lauding it as an amazing update that would surely increase the share price I was confused but not surprised. I think some have been in this share so long they no longer see it objectively. And others hang onto their coat tails in blind faith.
My instinct urges caution, so I'm no longer as confident of a successful conclusion, and quite honestly I'm here for a profit not nostalgia or loyalty.
Accordingly, I've reduced my holding by roughly two thirds to reflect that.
Time will tell, but we all have to do what makes us comfortable. :-)
It's a bit more nuanced than attaching the EUA share price to fluctuating metal prices.
Are people really that simplistic?
It's a complicated, ruthless business, and the market prices according to sentiment.
And sentiment right now is watch and wait, though.that will likely change and slip downwards once more. I know people don't want to hear it in Their little echo chambers, but punters trade these shares daily, so the price doesn't just keep rising because some of YOU think it should.
And of course, companies don't always complete their FSP satisfactorily.
Basically, it's an individually calculated gamble, whatever the various vested interests on here may tell you in order to sway your sentiment one way or the other.
I'm in the middle here now, not sure better money cannot be made elsewhere.
Theres a lot of insecure ramping on this forum tonight, dressed up as sale of the century. Honestly? I think you're all a little worried and theses posts / threads are overcompensating for your fear that it's not quite going to plan.
My truly honest opinion with no agenda, is that I'm a little concerned about the end game here now. I think it will be positive, but not as good as many hope for. It may be a partial sale that doesn't quite meet the targets many have set. Put it this way, there are better prospects out there and I'm not convinced here anymore.
But that is just an opinion. What will be will be, and I still hope it ends very well so I'll leave a little in just in case. :-)
Ah invest2save, therein lays the problem. You deal in facts. Many here deal in hype, hyperbole and over excited dreams of plentiful riches.
Egged on I believe by early investors who are looking at many many multiples of their original purchase price as opposed to say 2 or 3 times the profit given your prediction.
In reality I tend to agree, the price we receive for MT alone would be in the region of (per share) 50-70p and a full sale perhaps 65-95p, based on the increased PGM prices we see.
It goes without saying that I would be delirious with a sale price of £1.50 -£3.00 per share, but that's Magic Faraway Tree territory.
Just because we want something as a sale price doesn't mean mining companies will pay it. They ALL want a bargain, and they probably work together to achieve that.
Still a profit to come however it's dressed up, but like I mentioned earlier, facts don't get welcomed by the regulars here.............
A deal is being negotiated and is not guaranteed, so the share price reflects the chances of a concluded deal.
A bit like the game show deal or no deal, the banker offers the contestant a specific sum of money based on the odds of them having a large or small amount in their box.
It's a calculated gamble basically. So at the moment, confidence has been knocked due to the large sale of a board advisors shares, which has lowered the odds if you like.
Now if we were given official proof of what's in the ground and it was massive, the share price would likely rise significantly.
So at the moment, it's all about potential sale of potential pgm's, hence the decent share price which offers a profit on conclusion of a successful sale. How much profit is open to debate and has been debated constantly for many months in this process.
A prospect is a gamble, but how much depends on what level of share price you bought in at.
If you bought in low you are likely to be in profit whatever happens. If you bought in higher then that obviously changes and becomes more of a gamble.
It's why for me there is so much friction on here, because people are in at different prices and therefore taking more or less risk, so there views will differ hugely, hence the friction.
Best case is we all make a nice profit. :-)
God forbid someone changes their opinion. Who the heck do some people think they are??
If someone wants to change their mind or viewpoint that is up to them, not some self appointed egotist that thinks this forum revolves around their opinions.
It's almost beyond parody the level of fixed viewpoints, narrow mindedness, stubbornness and arrogance that emanate from certain people.
As I said, who is anyone on here to tell people how and what to think.
Share dealing is basically gambling, so get over yourselves for being amazing forecasters and just accept you were lucky if you got in early. You're not big, you're not clever and we're all just playing the odds.
The level of posturing by some in this place is beyond belief, but they get away with it. Astounding.
I pray for the full sale deal asap so this place becomes obsolete. :-)
I'm confused. If the share price goes down it's market maker manipulation, but if it goes up it's thanks to Phil.
Sounds like there's some level of bull excrement spouted on here to suit specific agenda's.
Irony much?
In the event of a sale we can disperse from this fake board with its juvenile pirate theme designed to pretend there is camaraderie among those who are only out to make money for themselves, and couldn't really give a flying fig about anyone else on here (but like to pretend they do to feed their ego's).
I'm honest. I'm invested to make money, and I don't particularly like anyone on here, as I don't know you in person. That's honesty, without fake 'camaraderie'.
To anyone wavering on your investment, please use your instinct and do what is best for you, not what some anonymous, soulless predator tries to encourage you to do on boards like this.
:-)
And the irony is, LTH's selling portions of their holdings to trade other shares (ARB etc) are probably half the reason it's dropped - i.e the ones who bleat about keeping your shares until the biblical deal lands....you couldn't make it up...
Plus people derisking or generally sick of waiting.
FWIW, I've derisked a third of my holding. :-)
I just call out fake virtue signalling when I see it. Of course it's respectful to send condolences if you knew someone or the family, but if you didn't, then it's just plain weird.
The difference here is I think for myself unlike some of the sheep on here who only follow the crowd.
If I'm a bad person for not sending virtue signalling condolences then so be it
I'm a very nice person actually, but people never seem to like alternative opinions, especially on this EUA board.
We'll see what the share price does today, but don't pretend you don't care about that just because you wrote pseudo condolences on here which no-one but investors will read anyway.
Falling over yourselves to express sympathy is just not right. And fake outrage to people questioning you is arguably worse. Think for yourself,not what others think of you..
I've come to the conclusion that Montyboz / Rowka is winding you all up, and let's be honest, it's not difficult.
You all bite at the slightest provocation, which allows for wind ups aplenty because some on here take themselves SO seriously.
There is a life other than Eurasia Mining, and, for all the plaudits towards the company they are not perfect as the recent share price crash has indicated.
It's not a done deal yet, though I hope that comes to fruition. I'm not going to bang on being overly positive or unreasonably negative, because like any deal in life it is only guaranteed when the legalities are completed. Wise to remember that.
And the best thing about this thread is everyone could be telling porkies and no-one would be any the wiser.
Priceless!
And pray tell, why the hell do I care what anyone else has invested anyway? What use is that information (assuming it's true) other than to make people look good (aside from the obvious honest ones).
Give me strength..
Yep, some definitely moving money over to Crypto. The timing fits with the small share price drop here.
Crypto fine for short term profit if you time it right, but it's about as stable as an alcoholic drug user with PMT..