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the 4m and 4.5m today were both sells and only sells today against alot of smaller buys. Each day we seem to get a number of round number sells. Ones today seemed to knock momentum as bid had just gone up.
Several recent m+ trades. Although around the £5k mark, is this a quiet offload or the reverse, someone taking a nice position prior to the SS. Any views?
IN SA one has to pay 4c ps at moment which is equivalent to 0.0021 pence ps....seems like different markets have different value for the same asset !!
Yep....also my guess is they will make the most of the two weeks to shake out a few more traders....:-)
Don't know if anyone has looked at the Calendar today, but there are still 2 weeks to run, to the end of October .........!
IMHO. DYOR. GLA.
A5 the moment with scoping study very close
the other company i know that have massive zinc asset is JLP
Fascinated by the lack of interest around this share today given the imminent news.
Having said that it's allowed me add further to my collection.
Excellent write up/assessment by martina07 below:
Well SASA is slightly higher in tonnage at 23mt than Toral (so far) but the SASA grades around 4% for lead & Zinc are considerable lower than Toral, as is the silver content. SASA Operating costs are very low at $760 /tonne, which is why that mine is so profitable. Even so, if Toral OPEX were , say between $1200 & !500 / tonne that would still give a useful , clean margin of $1000 /tonne +.
It seems quite unusual for CAML to have actually bought the SASA mine outright, given that they weren't a particularly large company in the 1st place (£200m or so), but they managed to do that with a loan from their offtake partner and by issuing more shares. It goes to show that any potential purchaser/ JV Partner of Toral need not necessarily be one of the mining Big Boys, such as Glencore or Rio etc.
To my mind, it seems even more likely, that the likes of international mid cap companies such as Lundin (mkt cap approx £3.2 Bn) or Boliden (£6.8 Bn) would be operating well within their financialresources if they were to make a similar £307m bid (or JV) for Toral. assuming all proved up satisfactorily in the Scoping Study.
To put that into context, with 5.6 Billion shares still in Issue at EUZ, that would equate to a price of 5.4p per share. Even allowing for £75m of capex (or $100m) to build the mine, that would equate to approx 4.1p per share.
Food for thought.
IMHO. DYOR. GLA.
Well done Bobby are you ready to take your advice instead of lurking and waiting for me with your many silly accounts. You're angry like my surname is tooth. Why don't you knock on his door instead of spending your time and energy with your 5 or 6 profiles and ask tooth for your £45k back.
You've been told by others that you are bitter. Take the advice Jupiter/Bobby/spec now have your last dig at me and move on. I'm sure your therapist told you to do the same.
I understood that you're trying to do the same thing you're accusing me of. You're trying engineer you becoming a winner than a loser with your many fake accounts.
You got issues bobby/Jupiter/spec. What's the price you and alter egos need to break even on on this investment 36.0?
Stop hating and being bitter. Now go do something useful and go back to your nurse.
Did you blow a big raspberry after you wrote that?
Bobby/spec7/Jupiter and any other account you've opened, I can do what I want. I'm massively in profit.
One of the reasons I invested in FCR/EUZ
https://audioboom.com/posts/6597655-colin-bird-director-and-non-executive-chairman-of-ferrum-crescent-fcr
I think we can all agree that the ss will show the quality of this product to the wider audience and hopefully mining companies. The ss will come out eventually regardless im not budging and if people realise the potential of this neither should they imo.
Johnsun don`t take it personally. You did say towards the end of October. I`m hoping the same. SR is pointing out that timing of this is fairly important.
Ok Dhillion I don't think I'm nit picking. I haven't said a date. All im pointing out is that Steve seems upset about it all when it will come out when it's ready. It can't be held back when it is ready just to wait for the global mkts to quieten . Agreed LR hesitated when he was asked if it was end of Oct. He has certainly learnt from getting burned with the Sept comment. As for Man U..i have no idea what you're talking about. Sorry. We are all here to make money.
Ask you a question John, did he say by the end of October?or sometime in October?
Did he originally say by Q4 or did he say within Q4.Nit picking is not going to get the market cap anywhere.Think LR learnt his lesson when he said he refrain from giving a definitive answer of when the ss is going to come.
Here to make money.Not support Jose at Manchester United.Does that sound reasonable or angry
You sound quite angy Steve. There were sensible valid reasons for the delay and the enhanced version will be with us soon. Don't expect the market turmoil will be over by Monday though. Not with T name calling the Fed and starting trade wars in Europe China Russia and Canada. The SS will be out towards The end of October. Till then we ride it out or jump ship. It's quite binary.
They certainly shouldn't delay it. That would send completely the wrong signals plus the compliance issue. Sooner the orange tupee guy realises he has it backwards the sooner world markets can calm down.
We'll have to wait and see how long the correction lasts for, i'd imagine EUZ will delay the SS until it calms down which could well be within 2 weeks. nothing has changed with regard to asset value apart from it going up, just a matter of timing and being patient.
It's just a Shame to be making a pivotal announcement against such negative white noise.
Fear dictates the market now not logic. This asset will sit through the fear and win out multiple times over hopefully from hear at least 5x 😂😂😂
I See Blue ............. and lots of it coming ............. Won't be long peeps.........Best Wishes ALL.x
I agree Bradley scoping study will be here sometime next week IMO people will start getting back in before the weekend IMO