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I wouldn't JV a cup of tea with at this moment in time.
I am starting to think that LR is a pawn in this game the same as us ...he is also being played and manipulated somehow by other key players…CB, MC and DBA … got a funny feeling he is being setup as the fall guy…. Ask yourself 1 question….Would you JV a mine with him ?
I would have to agree with you Oiltap, EUZ are an exploration company and not miners, and I suspect that despite what LR is saying in this interview he would not refuse a good offer for the company (or resource) if it were made. Additional drilling to further prove up the resource IMO is playing the game and subtly adding to the pressure on any predator thinking of moving on the company before EUZ get into bed with a partner and commence mining for themselves.
I hope it works, because if they do actually pursue this plan it is clear that the million they have just raised will be nowhere near enough to carry this through to actually mining it, and that will not be good for further dilution for holders.
I have to admit to having very little confidence in LR as a leader in this situation, however I do have confidence in the resource we are sitting on and believe the asset will be sold at a good price, and because of that belief I have again been adding this morning, and will hold to see where this goes.
Last time sp went from 0.00012 to 0.00077 could easily do the same and more.
@oiltap . I think most realised D.B were de-risking when the big sales started dropping.
M.a. t (and others) clocked this and people were making out that they where buys.
The big issue is the fact that us p.i's were informed over 2 weeks late .
Buy on drops............Just like on previous occasions, it looks like some have access to a crystal ball.
Gla
So what sort of price can we expect with jorc in few weeks then will DB clear out again on good rise ? ...gla
It would seem that the brief has changed. People were expecting a bundled up sale and now it seems if if they want to drill with partners. Clearly DB have been party to this little change of sail so acted accordingly to be best placed. Whilst the rest of us are left carrying the baby.
Having said that if you're here - or have no choice to be - for the longer term/endgame then this mess should rectify itself with healing time and good results., comms and PR. But none of that is a certainty. It's just a case on wait and see what comes now.
Yep that's a possible bonus. I do think sentiment will change with the JORC but I do wish he'd put a bit more energy into these interviews to help in the meantime!!
In my opinion he came over as very nervous and did not show much confidence. In what he was trying to say.
Deez - assays in and JORC under could be less than 3 weeks.
We've had the assays, you can see them in last RNS. Jorc due 4 weeks. Mets 6-8weeks
I was just wondering will we still get Assay results in 4 weeks or will they say they performing more drilling?
Were you encouraged by the response to the raise ? I was encouraged by the response……..
Good grief….is he in the right movie ?
I don't have a problem with the interview, he explained the reasons for the issue higher than last time. Once we get the Jorc to indicated then we'll see a shift in sentiment.
I thought it was interesting, but I put my hands up I called this completely wrong. They are raising their sights, talk of 3rd party groups / off-take groups - they want to mine it with partners.
@Gizzard - looks like we'll be waiting for the outcomes of the additional conceptual work before we see any value now.
Good luck DXB......They need to be held to account. Got no time for white collar crime !!!
What a load of cr**……Andrew Scott has no idea how to interview
LR is well versed in waxing lyrical. Total waste of time imo.
If he can get his arse up and about to Skype Proactive he can attend that meeting today.
With this latest issue out of the way, we're in a much better position financially and strategically. Apart from us PIs that are down.
All to play for now, it's just a waiting game - be nice to see us finish even.
Held off making comments this morning in order to allow the anger to subside. Yes I remain invested. Yes I still believe in the asset. But do I believe in coincidence? Some might suggest a very strong whiff of trading based on insider knowledge. I will write to the FCA for a view although my previous experience of doing that simply resulted in a bland and ultimately unsatisfying reply.
Well....maybe he should do the honorable thing then......and resign if he is too embarrassed to face the music.
I Ju got an email to say that tonight’s meeting is cancelled. Perhaps they’re too embarrassed to face people and actually admit that we’ve been screwed over
It’s inconceivable that management are not aware of today’s bb comments, we are owed a clear and detailed explanation, this should also include the intentions after the conclusion of the next drilling programme.