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...jokes, just dialling in after a day putting on a new shed roof and thought I’d have a look under the bonnet.
Love the trade analysis from Caw, Travis, JT, Lovelyboy, Tilly etc, really good.
Annual report didn’t have too much of an affect on sentiment either way so now the nervousness of that release has passed I’m seeing a slow rise to mid 20’s this week.
Good luck all (except the weirdo’s)
Good post Roger, it’s nice to read a well written thought piece for a change.
If I’m completely honest I invested here for 3 key reasons, for which the latest lot of RNS’s have had little to no impact on.
1. The BoD have been at this for years, are each invested (apart from the new addition whom I’m sure will have some form of share option unless I’ve missed something)
2. PGMs have a valuable contribution to the future technological progression of this planet, and I don’t mean EV batteries for which EUAs PGMs are hardly used despite what I see written on this board a lot.
3. WK has demonstrably proven EUAs ability to produce in small quantities, and MT is a relatively secure, low cost mine, with proven potential. (The Rosgeo addition doesn’t really get me excited at the moment and I don’t see it adding immediate value to the company, but perhaps in a few years to come for the ‘buyer’ who will have first dibs on these locations).
I’m here for the next 3 to 5 years, but I do see myself as a realist.
If you look at the last 4 days intraday trading charts it’s a straight line price fall reminiscent of trading periods prior to the Alexei Sayle days. The fall almost looks automated with buys and sells of various sizes making no distinct impact on the SP. More of interest to the chartists than anything, but it would tend to point to some purposeful manipulation behind the scenes.
Big sells, are you sure, no they’re buys.
This time next year Rodders.
This is going sub 20p next week.
The BoD are geniuses.
The BoD don’t tell us what’s going on.
UT puts us in blue... or was that a sell
Filter or be filtered.
All BB users are equal but some are more equal than others.
Is there a dividend or is that a divided end?
Lovely kippers or heinous sharks.
Who cares, we’re all here for some profit, however you make your dollar.
I think you guys need to get off Twitter and stop looking for confrontation, stories, and emoji flag waving where there aren't any. My post was about prospective companies manoeuvring to keep the current BoD in place for some time, instead of a full sale. Bringing on new blood to build experience in the company is a key role of BoD.
Ageist... deary me.
Clearly this BoD has been exceptional at returning value to shareholders over the many many years they have been leading the organisation. Even these exceptional guys need to pass the baton of running the company to other individuals / organisations (via various transactions).
James Nieuwenhuys is 65yrs
Iain Rawlinson is 63yrs
Christian Schaffalitzky is 68yrs
My take on the recent RNS' is the various groundwork required to pass on the reigns in a controlled manner. Tamerlan Abdikeev is a young (43 yrs) recent addition with clear linkages into growing markets for PGMs, and dare I say potentially the direction / geography that EUA is targeting over the next 5 to 10 years. He will provide a great transition within the BoD.
The closure of the FSP, with the focus on key asset sales I feel is the prospective interested party's way of keeping the experience of BoD at the table and letting them transition more slowly away form the company, as opposed to a full sale where they could lose all that experience and relationships very quickly. The BoD are a fundamental part of the value of EUA.
Just some thoughts but I feel the transition of the long term members of the BoD is driving some of these developments.
Good luck all,
I don’t mind confessing that I sold 20% of my holding this morning at 31.1p and then bought the same back at 27p a little later. I think I’ve mentioned before that I only use 20% of my EUA holding to ‘trade’ with, the remainder sit there gathering dust until the numbers-backed factual news emerges.
Hold long and strong...