$EUR (+21,59%) has just experienced a small share price explosion, and the company has also announced that it is carrying out a share buyback. The reason for this is the current allegedly significantly undervalued share price. What are your thoughts on this?
Yes, a lot has changed compared to 2 years ago. But even 2 years ago, 100 million shares were bought back, which caused the share price to rise sharply for a short time. However, this rise was not sustainable at the time. They currently own 80% of Critical Mines, which in turn mines rare earths in Greenland. Hence the hope and CRM is valued significantly better than EUR. At the moment, however, they are not mining anywhere and earning money, so I have taken my investment out with a 200% plus and am staying in with the rest. I still consider it a high risk stock.
In my opinion, a share with high risk but also with great potential.
$EUR (+21,59%) has announced to buy back 100,000,000 shares, this is a good sign in my eyes. If EUR really gets all the permits for mining here, I see a good return coming 😎
Market cap just over 60 million... Not even a quarter of a million in revenue. Very hot stuff and if a few people from the community put their heads together, we'll move the share price ourselves.
Share was suspended from trading, bzw.ein delisting has taken place. Now the news came and the share is tradable again. Unfortunately, the news is not convincing. Two more lithium mines have been purchased and the purchase price will be paid in shares. All shares will be issued to the company for €0.095. So it won't go above this price for a long time. Hence my exit despite a long holding period of several years.
