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Yep I wasn't happy with the placing obviously. I've put my hand up before and said I was convinced we were done with drilling. If you want to remain invested then the hope is the additional resource we can now go for plus the work advancing the mine plan will ultimately deliver value back to your holding. If you don't believe the team can deliver that then I would recommend getting out and not torturing yourself on a daily basis.
Well Shed, what he's produced so far is known by the market, and its delivery has less than impressed it. Coupled with the placing antics. There's a lot of ground to make up.
The placing isn't technically the problem. They're normal for AIM as we know. And I didn't comment on yesterday's presentation and certainly didn't praise LR for it because I'm not going to forget that he pointedly cancelled the original presentation. And yes, they should be getting a knock on the door soon from the FCA. And yes it's all flim flam until LR proves to the market, and to us, long suffering types, that there's more than just words here. I am honestly aggrieved by what happened recently, and so should you be if you valued trust where your money is concerned. He has a helluva lot of ground to make up now imo. And I hope he can, for all our sakes. It's a great asset.
Yep...agree Oiltap that is highly the reason.....but after we discover Copper you think we will need some more funding to discover gold ??? I also saw gold on one his slides in the presentation....LOL !!
Facts and actual positive mining data will move the s.p upwards.
Investors congratulating L.R yesterday got excited. I've only been invested for just over 12 months and I've heard him spout most of that stuff before.
Most of the talk regarding the potential for Toral is still on the the Lundin website from When they owned it.
Gla
The irony of this all is why did they just not "finish the job " in terms of what we know we have....ie an updated Jorc with "indicated" resource for lead, silver and Zinc.....why did they raise funds for further research at these low prices....surely with an updated Jorc the SP would have been higher and less dilution....think about it.....
Anyways...I have ranted enough on this BB and I am going to leave it up to Bobby to have the alternate view.... he does a better job than me :-)..... I am still very hopeful though that this share will come good at some stage ...despite the continued " games and such like " from MM's, DB and management alike.
Honestly DJ if the mineralised cores aren't "Producing something of substance" I don't know what is? Yes it's frustrating watching the market punish us for the equity raise but WA and AMS aren't going to be rushed. When we get the independent results it will provide upward momentum and hopefully some stability. The team have done all they can to speed up the JORC process. The way sentiment swings with the market is hilarious - yesterday investors were congratulating LR on the excellent presentation, today as we sink on 10 LSE trades it seems to be widely forgotten or worse, dismissed as "Flim-flam".
I mean...what do people expect?
He turned round and said it's not a 'lifestyle' company (which, if they have to say it, is code for the fact it is), then goes and treats it like it's a lifestyle company, pulling 'fun' stunts with his pals. So we have daytraders using it to make a few bob (pretty normal for AIM) and mms dicking it around because they understand a man who talks in code.
Until LR produces something of substance, which proves to the market that this is not a flim-flam all talk company they'll continue to treat it/us as such. There really is no more to add. It's up to him to pull the proverbial rabbit out of the hat.
You just have to compare this mornings sells to yesterdays buys to see how ridiculous this dip is..... way over the top (as usual).
Normal business resumes.
Nice steady positive news bulletins will see us right.
Gla
Blimey at this rate we're going to have the first EUZ bulletin board wedding announced soon, "I'll put flowers at your feet and I will sing to you so sweet. And hope my words will carry home to your heart" ('To Bobby', J Baez).
I take it you reckon news has not been ideal then but not 100% certain.
What are these other fish you have to fry or is it as M would say “For Your Eyes Only 007”?
Cheers again Bobby
Clearly another large dump from the placing
I take it your not buying back in then?
Cheers for the reply
I don't know about others on here, but Ive got/had shares in mines in Malaysia, Thailand, Namibia.....etc. that dont even have water or electricity, not to mention roads. Toral is as good as it gets in that respect. Its 300 km from Glencores massive smelter facility, in a mining-friendly provence of Spain, with easy road/water/electricity access..... and its on our doorstep. Laurence was right to highlight these advantages in his speil today, they are more important than many here probably think. IMO.
but what would I know, MM's will just do what they want with the price......
Anyone who attempted that would have lost money, or at least will tomorrow, as the spread was too wide, i calculated a 10 % spread at one point. ....Im not a gambling man but id say given the current (astronomical) undervaluation, the new interest from big investors and the news coming, the chances of getting in low again are quite narrow :)
I don't personally think it will, unless you've sold and want to rebuy lower - wishful thinking.
Do you reckon we could see a return the all time lows still?
Ta
I've just listened to the presentation and I recommend a listen... well worth it. I always thought this was a good asset but I may have underestimated it!
I'm liking the approach to make this attractive to 3rd parties ;)
GLA
That may well be Applegarth, but we have a very attractive Zimmer frame to use now - made up of lots of lovely metals!
We'll soon be off our backs and back on our knees, where we always were, lol
It's what LR mentioned in the presentation, yes he says they're not going waste money on lots of drilling.
BB - To see how far it goes down and confirm the high grade extension.
lol ! yes, meant SP
yes Anglesey is valued at £3m - it has a lot less shares in issue than EUZ.