Post by
Itsagusher on Jan 13, 2015 11:53am
On the move at last
On the back of this RNS from FTE:https://www.iii.co.uk/research/LSE:FTE/news/item/1346111/asx-trading-halt?context=LSE:FTE Trading continued on UK markets today with an increase of 53% in the value of the company's stock on volume of 460m shares across the two UK exchanges. EUU still significantly undervalued compared to FTE though and has a tiny amount of shares in issue by comparison, so we can expect a very large spike here when the resource upgrade is released imo.
Comment by
HobbyDigger2 on Jan 14, 2015 4:09pm
ok, thanks for that. But I dont understand why EUU is on this low for long time. The valuation hasnt changed since the JV and before.
Comment by
Itsagusher on Jan 14, 2015 6:24pm
It's a combination of things imo. First the sell down by Pinetree/ Iwentash, the poor sentiment in the sector until the recent recovery in the spot price, the year end tax selling and perhaps just being off the radar. That's what makes it the bargain of the century imo.
Comment by
Itsagusher on Jan 15, 2015 10:21am
To me the delay means that it has one more day to stay off the radar. The opportunity to buy at these levels will be gone after that. Not saying it's going to ten bag overnight but you'd have to be blind not to see the opportunity here, given the huge disparity in valuations between two companies sharing the same resource.