The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
That’s quite some spread. I feel a lot took a slice at 31p+ first thing, good for them if they need the cash elsewhere in their life.
I guess the RNS didn’t convey hard facts to a level of confidence some (a lot) needed, and ultimately the price only tends to reflect confidence and sentiment.
Chin up everyone else, this is a long term hold for me looking out for the next 3 to 5 years or so, any dividends that fall out between now and then is just a bonus.
Thanks to the galleon crew for keeping this BB motivated and upbeat, it’s needed with all the weirdo’s around.
In current, and near future, EV battery technology it’s nickel, manganese, cobalt, and lithium (as well as graphite) that are key elements. PGMs, although used, don’t feature as high demand materials in the EV battery world.
However, with the long production ramp ups required I suspect the PGM demand is really going to take off to support what is far cleaner energy, fuel cells etc, of which PGMs are critical. Lots of long term potential here but jewellery and catalytic converters are not the future for PGMs... just my views on the technical / demand side of this business.
Clearly one of the EGMs mandates is to approve (or disapprove) the resolutions set forth. However, this being EUA none of us successfully predicted the content of the last two significant RNS’, so why break a habit. Prepare for some curve ball that none of us expected is all I can say.
Meanwhile, let’s see if this fair breeze can push us to 29/30p
Elements of the technological future and we own licenses to mine reasonable quantities in areas with proven geology.
We now also have first dibs (75%) on much broader areas too so really there is of little concern for the future of metals coming out of these regions.
It will just take a lot of cash, either from an investor (the RNS we are waiting for), a big loan (if we mine ourselves), or in worst case the vultures continue to circle until we run out of cash and other revenue streams (hugely unlikely)
So what’s not to like here for the next few years? If you’re here to make big gains in 2021 I’d say the jury is still out on that whilst the near term market continues to bob and weave.
I’m really impressed about the lack of leaks prior to these RNS releases, evidenced by nothing dramatic during the intraday. Gives me confidence that the legal teams are remaining as professional as ever in their conduct.
I’m with you Mike, I’ve read the RNS and see it a long term (1-5 years) growth strategy that will add huge value by effectively creating this ‘PGM district’ just when global economies need it.
It’s a great vision by the BoD, and if they can pull it off will return great value to shareholders.
Short term traders probably out next week, but watch the II’s continue to grow their share as the PI’s jump.
Ian,
Yep, the £20k isn’t long term... need it for a new bathroom this month, life outside of EUA requires my cash.
Either way, to support my OCD I just repurchased those 71424 shares at 27.6
Let the waiting game continue.
Hi Kopf, I put £20k cash in my new ISA this morning and that clears almost straight away with H&L to use, so I’ll buy EUA with that.
The £20k I sold in my fund account will take a few days to clear, just fortunate to have the cash to fuel the ISA straight away.
Playing the trade game today... sold 71424 @ 28.02 this morning from my fund account. Will look to buy that £20k back in my ISA later today when / if we go into the 27s. Nervous being £20k out of EUA at the moment!
Great news for those invested in EUA today, 10% increase in your EUA value. 30m volume traded in one morning shows this share continues to have strong market interest, even on an RNS that only describes huge future potential.
Quit moaning and groaning and go a buy a bunch of flowers for your good lady, or a single malt for your man. Enjoy it.
Those that are quite vindictive on here may I suggest spending the rest of the day reading how lockdown mental health can be improved for you, it’s not too late to turn your situation around. Get help.
Imagine how awesome it would be to have bought 27m shares at the start of this year for 29p, from someone who appears to be still (personally - not his company) an advisor to EUA as stated on their website.
Even better buying them through a Cypriot investment company with low to zero CGT / taxes, and with some of the worlds best secrecy conditions around financial transactions.
Tomorrow could be a great day for that end client, whomever it was.
Exciting times all.