Ann: 30 September 2018 Quarterly Report, page-66

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24/10/18

19:43

Post #: 36247915
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Originally posted by jefferies2 ↑

Hi rdncoic

You draw a * review to our attention.

https://unauthorised investment adv...he-latest-news-driving-battery-metals-stocks/

"One of the biggest winners was European Lithium (ASX:EUR) which had jumped over 36 per cent to 12c by Oct 19. This now represents a 150 per cent premium to their share price 12 months ago."

The review of last week's trading was published on 22nd October. IMO the author, in this review of last week's trading in EUR, is wearing spectacles that are both squiffy and rose-tinted.

1.
I have looked at the CommSec chart for EUR.

The price closed at $0.10 on Fri 12th of the previous week.

At the end of last week, on Fri 19th, it closed at $0.12.

That's a rise of 20% - not a jump of over 36% as claimed in the article.

2.
12 months ago the price was around $0.05 - so yes, the price at the end of last week was around a 150% 'premium'.

Why choose 12 months ago? Unless you wear rose-tinted spectacles that period overlooks the spike in the price to $0.32 on 6th Dec last year.

Since 5 Mar this year there has been a steady decline. On the slope of that decline, and six months ago on 19th April, the price was $0.185.

So the price of $0.12, at the end of last week, represents a loss of 35% over the last six months.

I'm sorry to bother you with high information content, but IMO the * article might confuse some newbies unfamiliar with the trading pattern of EUR.

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Hi jefferies2

What some of these PR companies do......well, I might get in trouble so I will stop.

One company in a so called research report stated that a companies product was so good and had so much potential that the companies SP had rocketed from 00.001c to 3c in 3 months!!! And they made a really big deal about it. What they somehow conveniently forgot to mention was the 30 to 1 consolidation that caused the SP increase.

EUR Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last 3.7¢		Change 0.004(12.1%)		Mkt cap ! $57.32M

Open	High	Low	Value	Volume
3.5¢	3.8¢	3.5¢	$116.1K	3.234M

Buyers (Bids)

No.	Vol.	Price($)
2	330350	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	739640	5

View Market Depth

No.	Vol.	Price($)
4	235000	0.037
5	707518	0.036
8	210721	0.035
4	102072	0.034
4	90782	0.033

Price($)	Vol.	No.
0.040	200000	1
0.041	300000	2
0.042	549599	3
0.043	564000	3
0.044	100000	1

Last trade - 12.17pm 29/11/2024 (20 minute delay)

EUR (ASX) Chart

Ann: 30 September 2018 Quarterly Report, page-66

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

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Buyers (Bids)

Sellers (Offers)