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good point there Ohmni with ufo , nothing wrong with a subtle cross ramp, full disclosure im in ufo also, fingers crossed, it has great potential , hopefully they played a blinder with munni munni, all usual caveats of course,
Bobby - I’ve been grafting like you wouldn’t believe so maybe I have read the answer, I couldn’t say for definite. Long day! It was more Jackos point about being set upon. Anyway, see you all bright and breezy for the RNS!
no surprise that Bills mate mr wolfe would think jacko was bang on. mmm the question was answered well before his post and im sure you knew that mr wolfe, therefore it is not possible his question was legitimate, nor is your or Bills attempted defence of that post, good try tho,
Well Mr Wolfe as much as think sometimes people are shooting from the hip with accusations of bottery at times I have to say as the ships burger flipper, it's a bit of a lameduck question that anyone with any experiance of investing in commodity focused companies should be able to answer themselves beforehand. Price of commodity was not economical so it was passed on.
Forgive the subtle cross ramp but it's like when some question how UFO got Elizabeth Hills, a silver miner with historic grades of over 21000g/t silver. Well that would be because the price of silver collapsed in 2004 so the mine was shuttered and UFO got it on the cheap years after the fact and the company in question had not the funds to dewater the mine etc but were happy for some money and shares in UFO. Now forgive the strong Xramp XD. Which enabled UFO to undermine EEE (that I nearly invested in quite some time ago when EUA had me looking for other micro cap PGM plays) by grabbing 100% of the PGM bearing Munni Munni complex. Mini EUA potential right there, 78koz 2004 JORC standard rhodium. IMO of course.
Anyway point is JackoDlad and the wider board. It's just a bit sus that someone will ask the question how an asset once held by a major can end up held by a much smaller company without first checking some historial graphs and RNSs and going. Oh. I don't need to ask that question. Cough BOIL cough. Sorry, better take an LFT. ;) GLA.
Thx for that B1ll, at least you gave me a hearing. I am a genuine PI. I have been hear since end of 2019. I have asked questions before, although mostly I just read. My first buy in was 3.2p and then again when it dropped to 2.4p, so a rough average then of 2.6p. I wouldn't call myself an experienced investor and got a bit lucky with this original purchase. Have sold a few and bought a few, but still hold a few. I have been patient but frustrated, and I'm sure I'm not alone. I won't go on about this but I thought my question was legitimate. There are those here that don't like that sort of thing. That's fair enough, they have made investments and are wary of derampers. I can assure you I am no decamped, merely an interested investor. GLAGI
Why are people so bothered by so called botflys? Either you fear they may have a point which undermines your confidence in EUA, or you cannot believe why they would question such a sure bet which is delusional.
Basically, people are entitled to disagree or even wind you up. I just don't get why some are so irked by it all. If you believe, you believe and nothing should shake that, should it??
No Worries Folio, I've just actually seen Jonmo's answer which mentioned the viability point....missed it skimming through. It looks like admin have had the hoover out because there's a few hours posts missing from this afternoon, so the answer was probably there too I'm guessing. Cheers
Hi Layla, thanks. That's a fair answer. I can't see why people have attacked Jack. It seemed a fair question to me. Up till a few years ago, probably the majority of recently developed areas or areas of interest would have been unviable, but with the obvious rise in gold and P.g.m's its a totally different ball game now.
When I first invested in Eua I hadn't even heard of the asset that Jack asked about and to be perfectly honest I still don't know much about it now. I'm fully aware of the other areas that we covered with Anglo-American under J.V and I know they cut and run whilst we stood firm and showed patience until the assets became more viable.....Good decision. Why did N.N give up the licence?. I've heard a lot of people being critical of the guy, but I've not read a single answer to his question.
Interesting timing on the entry price (2.6p) .... (my first purchase was 3p )
At the time I saw EUA on the riser board , and had a brief look at what they did and left it at that. Very quickly TW and his crew put the short nonsense on and it took a dip and then perked up. I had been in other Russian stocks and knew the mining sector quite well, and having a read through the ACF report , studying the infrastructure that was in place with NN it certainly looked worth investing in that's why I bought my first tranche - NN the neighbour ... and the DS interview made me add more...
Since then quadrupled my initial investment based on further research.
Hi JackoDLad, NN mined out what were about 30 rich veins of Nickel and Copper at NKT. What WAI have reported on are the more disseminated ores that were left over which have a lower content of Nickel and Copper.