Eruma Share Discussion Threads

[34simon] 19/3/2013 16:50

Also I would not go in big here, still risky, but 50k of share for a rainy day spike might be well worth the gamble, not if you are going to sell 30 mins later
for a 30% loss though :-))

[34simon] 19/3/2013 16:49

Guess who did the same at 5.5p last year, bearing in mind the price hit 17p this year and is still around 12p now.

[loadsamonay] 19/3/2013 16:42

Agree tomboy - if it comes good I dont think Ian Driery will be want repayment in cash! He's actually driven quite a tough bargain here. He'll get another 5 million shares, which I doubt he would otherwise have. But fair enough, and good on him. I won't begrudge him it, if the contracts come home to roost and he kept the company alive long enough to get them

[tomboyb] 19/3/2013 16:39

Indeed - £330k. Of that @9p £130k was received

200k @ 9p should not be added to shares issued as per ADVFN figures -

5Mill @ 2p an additional possibility and likely

[christianf12] 19/3/2013 16:30

I like the risk/reward here and the fact one of the directors has just loaned the co £100k and can exchange that for shares at 2p for £100k, no interest attached.

Confidence?

There will be a big spike here in the not too distant future to c. 4-5p area.

[swizz] 19/3/2013 16:30

Spot on Loadsa, Contracts are exactly what is needed, hopefully the convertible loan funds are for exactly that, as is in providing project cash flow, rather than day to day bill paying, GL S

[34simon] 19/3/2013 16:29

Loadsamoney

Maybe the convertable loan is to support a new contract, some incredible weak traders in this today, mind you I watched somebody drip sell TPS at 0.085p a
week before it rose ten fold, let them sell for a hit is my motto.

[loadsamonay] 19/3/2013 16:26

Cheers 34Simon. Re free float - there is hardly any available. A lot is (or was at least) tightly held. So when a few folks try and buy at the same time the share price rockets up. At least that was the position last year. At this market cap if contracts come through, its only going to go one way. But we really could use a contract or two now.

I;ve just built a position here over time with spare bits of cash from behind the sofa. U really get a chunk of the company for your money.

At present my hope is based on the fact that they've succesfully kept the wolf from the door since October when running into financial difficulties. I regularly run a credit check on them, and debts are no worse now than back then.

I find it hard to see they would be so committed (and investors so committed to help them out) if there werent some hope of major contracts here. But stranger things have happened in life I suppose.

I wish those contracts would come through! I'm in this one rightly or wrongly until the end!

[christianf12] 19/3/2013 16:26

mm's played a blinder with a few numpties today.

[swizz] 19/3/2013 16:26

If some of these day trippers actually read a bit more about the company when they buy the shares, rather than watching the bid/offer they may find it a bit more rewarding - 71,416 Jeesh!!! GL S

[knigel] 19/3/2013 16:25

Added 1.84p too

[34simon] 19/3/2013 16:25

30k bought 2.19p sells 1.68p, cracking way to the poor house, anymore before
we close up today ?

[christianf12] 19/3/2013 16:23

How many available?

over 5% of co traded today.

[34simon] 19/3/2013 16:22

Freak day for me, still stock available at 1.84p here in Eru


Acta, Aeo, Amr, Evo and Thal :-))

[christianf12] 19/3/2013 16:20

Bidding for stock again. Seller out?

[christianf12] 19/3/2013 16:12

Only 25m shares in issue here and wonder what % of that is free float.

250k is 1% of the company.

[34simon] 19/3/2013 16:11

Loadsamoney

DYOR do not listen to me :-))

I've just sat and watch some incredible rises recently, I'm surprised at people
selling so low after that Rns, gives others another chance at cheap stock around 1.85p

[christianf12] 19/3/2013 16:10

100k at 1.9p is mine. Will look to buy another 100k tomorrow. Will see how it closes.

[loadsamonay] 19/3/2013 16:08

34Simon - hope you are right! I will do v well indeed. I have more of these than is healthy. At the end of the day though I dont want a silly pump n dump rise, but good contract awards for the business and a more sustainable future. Am hoping that something will turn up (perhaps from the Saudi distributorship mentioned in the previous rns). Although it has to be said I've been hoping for a long time....lol onwards and upwards...

[34simon] 19/3/2013 16:06

1.85p to buy now, might get cheaper, thought 2p would be long gone now.

[34simon] 19/3/2013 16:04

I see the topinfo brigade must be in this buying above 2p and selling at 1.6p
already, no wonder they never make any money.