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MMs are reporting sells but no buys which I know is not true.... what is going on ? Anyone?
strange no trades showing since 08.10hrs but I bought a lot more just now whilst it is off people's radar ….AIM sentiment seems to be focussed on narrow stock choices atm
I guess it gives them some "optionality" if Toral dusnt work out, Johnson, but I really do hope they keep it "Clean" and at full arms length from the likes of Galileo, Jubilee & Xtract Res, all of which look pretty pants to me, compared to EUZ. I had enough of "Counterparty related transactions" with that total beatch Melissa Sturgess (Dwyka Diamonds) - none of which worked out well for ANY shareholders - except herself.
I know that LR & MC read this BB, so lets hope that message gets through , loud & clear !!
IMHO. DYOR. GLA.
And I fully agree. It's CB with the history of linking his portfolio of companies together. This is a stunning opportunity to do everything above board and retire. GLR doesn't appear to have the cash to stsrt a mine so im hopeful it remains nothing more than a nagging doubt.
I'm more optimistic than ever before for the simple reason MC is on board, no one wants to due backhanded deals with other struggling companies. Given all the recent news, they'll want get the best price for this or as someone else suggested do the mine themselves (which I can't see happening). They got a growing asset worth a shed load of money
why not bank it and retire.
I do have a nagging concern that at some point we will see a tie up with GLR & JLP. Even if both are currently involved in zinc plays, they have decimated share prices. GLR is on its a1se. I don't think this is a good time for the usual blatant nepotism. Just my opinion. Maybe it won't come to pass. Gla
I'd never actually heard of African Pioneer , but see that it is a £1m mkt cap, IOM Regd company, with an Investment Brief in African Resource Plays, via Equity or Debt Ownership.
The Exec Chairman is one Colin Bird, who also has 37 Other Directorial Relationships, according to Bloomberg !!
I guess that is all part of his overall Investment in EUZ and adds to explanation as to why the JSE listing didn't get cancelled ! Dusn't give me a particularly "warm" feeling below the plimsoll line, I must admit !
IMHO. DYOR GLA.
Oops..my apologies. Martina :-)
Yep..I somehow agree Marina however African Pioneer is one of the larger shareholders in EUZ and one of the companies brought in by CB with the previous fund raising exercise if I remember correctly....they are also listed on JSE...so whilst it may be irrelevant to the SP in London or Sydney....there are still a large number of share holders in SA and the SP is definitely relevant to them :-)
Sadly Bricks, JSE is now completely irrelevant to EUZ share price.
The only reason the Company haven't closed the listing is becos it was too expensive to close, due to the exorbitant exit fees demanded by the JSE.
Ditto ASX really, all of the meaningful trade is now in UK: either on Aim or NEX. One wonders why the Company dusn't delist from the ASX and re-register the company in the UK, which would make more sense, but I guess there are cost issues there too. Perhaps that will happen when Toral is proven to be the mighty behemoth that it undoubtedly is !!
IMHO. DYOR. GLA.
I was referring to the 58% who abstained to vote the Adoption of Remuneration Report , and to the 58% who also abstained to re-elect CB as a director (source: last RNS).
quite new to investment and stuff, so trying to read between the lines ...
Personally I am not a big fan of major updates on a Friday although this one would be an exception as it would give potential investors the weekend to digest the information.
The sooner the better really as is human nature to not like seeing thousands of pounds dripping away on your portfolio, although of course it has not really gone unless you sell, but would be nice to see a couple of blue days, just for a morale boost.
ATB
EUZ twice as expensive on JSE....04c = 0.00217274...definitely something happening....:-)
Gut instinct says Friday or Monday
Unusual activity....4,730,000 shares traded.....high .04c low...02c....news imminent ?
It’s on the NEX exchange
I had a £5000 buy about 2pm it has not even shown up at .11
I agree Amaretto. The delay has changed the landscape temporarily from Rainbow to Investment. Things will change again soon as peoples expectation of time to announcement changes. Nice to be some where the shorters can't cause their damage though.
It'll come when it comes.
Did any of you notice the October we've just had in the markets? Who on earth thinks it would have been a good idea to release anything then.
LR may well have promised a certain date but I know half a dozen other companies who promised news by the end of September and failed to deliver. The reasons for the delay are sensible and have the long term interests of the company at heart. These guys know what they're doing (you may have noticed that the SP has doubled in the past year) and we'll be in a very much more commanding position by Christmas.
Just be patient and relax.
Can’t help but agreee 100%
Seems to me that with the delay of the SS all the momentum has gone from the share.
Just have to sit back and wait, I personally think LR let everyone down with his false promise of delivering by end of Sept.
Were now going into the 6th week having again suggested it was going to be in Oct.
Yep...my view exactly...why sell the goose that lays the golden egg ??
You may well be correct Bricks. Recent historical precedence has shown that many junior mining cos with a decent asset have always been shafted by their mining/ funding partners at the last minute, so why go down that route ? Take Dalradian (DALR), as a recent case in point and Duluth metals in Canada 3 yrs ago.
Was reading about the (relatively ) small Scotgold Mine (SGZ) at Cononish the other day, which they managed to fund privately with another well-heeled individual, who took a major controlling interest in the company. Wonder if that's what is going on here - esp if they could sell the Silver credits forward, as a further source of Capex funding ?
It wud make sense and you wudnt hav to give yor shirt away to the likes of Lundin etc.
IMHO. DYOR. GLA.
Many of you feel the SS is being produced as a "for sale" advert or possible JV....
Here's my take and possible two cents worth :-)
The SS is already well defined imo to such an extent that it has knocked the socks off the EUZ management team.
I believe the ONLY reason why it is not published as yet is they are looking at self funding business models.
Why sell something at a discounted price when one can get a sustainable annual return ?
Think about it logically...The SS will always be "work in progress"....It will be added to as the Toral footprint grows.
My opinion only....