Patience30 Jan 2021 12:51
Hi. FWIW, I still say “Follow the money”. IIs still buying eg Blackrock and Veles. Significant buying by many IIs at 29p+.
I can understand anxieties, I also understood them when EUA was .5p and went back to .39p, when we were a couple of pence, when we went up to 8p, when we went into suspension (oh, goodness how I remember the anxieties expressed then!), when we emerged from suspension, the frustration and anxiety when we were bobbing about at 18p, the anxieties from some when we went to 28p and then again and again when up to 40p and most recently when down to 18p.
Of course, in amongst the genuine concerns from those holding, there have been the entertaining commentaries from those altruistic spectators who have felt a moral duty to save holders from ourselves or should I say, in my case, deny me hundreds of thousands of pounds profit. The attention of these folk give me equal certainty that my investment has legs still.
Why? Well, amidst all of the concerns expressed, have the fundamentals changed? No. Well, sorry, yes. The resources that made me buy EUA shares in the first place still remain but have grown in size and value (eg WK DFS; MT Flanks). The external environment (ie S Africa, C19, green agenda, rhodium/palladium/nickel prices) has changed, making EUA’s resource more valuable and attractive. A roadmap to monetisation of the assets has been put in place (FSP), interest evidenced (‘wide range of parties..non-binding offers...a possible acquisition of the Company as well as other transaction structures’), and professional support put in place (USB et al) working to get the best deal possible.
Patience is required with EUA and, for those who have held, the rewards have and IMHO will continue to accrue. I have a target of 88p... and I confess I will get incredibly anxious if the sale price is only 85p ; )
My only advice is don’t sell in a panic (but definitely sell if you’re losing sleep at nights!), don’t use stop losses, and only invest what you can afford to lose.
Hope you have a warm, safe, and enjoyable weekend.
GLAH
TC