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SP is now 0.0402 shtte share
I just tried to do a buy of that amount through my broker and it came up as a negotiated trade. So tried a 10 mil and could get them no problem at .0429
Ask is currently 0.044p so c£44k at current price.
You may need to buy it in chunks as unlikely there is that much in free float.
Also, the larger the purchase the wider the spread so they may push price up a bit.
Could anyone answer this I'm not going to as not got that sort of money,but is I brought 100 milllion shares right now what would the price be.
All quite on Western front at mo, will we see a sea of red or blue this afternoon......who knows ... Roll on news flow get this kick started once again ..gla
@Gipps . I think so too.
Someone mentioned about brokers partially completing large sell orders at a certain price wouldn't shake the price up too much.
The gradual exchange of shares from large holders to small holders (@ say .045p ish) would just be incorporated into the day to day s.p.....that is my logic anyway.
Gla
@ piccasso . They could Just eliminae the possibility of getting stung if core samples and mineral extraction process test results don't look good as expected.
It's just a bored p.i theory of course.
If I had a warrant to buy millions of shares at 30% of current market value and could offload my current holding to cover total costs I would.
Obviously the warrants are 'conditional , but big money investors always weigh the 'conditions in their favour.......possibly.
Gla
I see where you are coming from but if they bought at the bottom, I would presume that they understood the situation and believed in the upside (otherwise it would just be a reckless blind gamble) In which case, why sell 100m shares now when the potential upside is significant?
The SP started dropping about 12 trading days ago and has now dropped about 40% from the high of about .072..... I would be interested to know what the buys v sells have been over this period. At a guess I would say there have been more buys than sells over this period but happy to be corrected.
Complete manipulation.
I maybe misreading myself .
LSE RULES:DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:
reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK incorporated issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within;
It's the non- u.k incorporated issued I'm not sure about?.
What are EUZ shares classified as?.
I apologise for my ignorance if it is obvious.
:-) .
Gla
Like you say just a theory, I doubt its correct, I don't have a better one.
Meanwhile shall see about a top-up at these unexpected prices.
Yes oiltap, what rules are Euz bound to?.
the initial uk Tr1 notification threshold is 3%.
As I mentioned earlier on in the week, depending on the the country depends in the increments of notification.
1% or 3% increments do not always apply.
It jumps to 5% for non UK regulated company's.
5% is a pretty big scope.
Gla
I have finally come up with a theory to explain the recent s.p fluctuations (could be total b.s).
A major holder could have very recently offloaded £80k + worth of shares that they bought at rock bottom price and now be in a situation where they have nearly covered their initial investment .
By accumulating and then selling 100M shares at a time they could be basically trading just under the 1% threshold which would require them to fill in a Tr1.
Just a theory
Gla
Shed - I agree that they probably don't need the money (assuming all outstanding actions undertaken) but if EUZ were approached with an offer via a discounted placing for a bit of cash to help keep the lights on for a bit longer, would they take it?
RNS 11th March
Outlook for 2019:
Subject to funding, the Company's plans for the Toral Project in 2019, include:
· An infill drilling campaign to target the high-grade core of the deposit, with the aim of increasing confidence in the resource estimate to the JORC (2012) Indicated category. COMPLETED DRILLING CAMPAIGN. AWAITING JORC UPDATE
· Completion of the first metallurgical test work programme on the project to provide PFS level results on comminution, flotation and concentrate grade. ONGOING
· Commencement of environmental studies, which will be ongoing across the seasons. ONGOING - 30 DAY PERIOD ENDS NEXT WEEK
· Commencement of hydrogeological characterisation of the Toral Project. NOT MENTIONED IN RECENT UPDATES
Manabout I'm not looking for a bust up, they never work out on here and you get nowhere, so could I politely ask why yesterday you couldn't wait to share news of your buys ("Another 17 million for me had to pay .046 after picking up the last few available at .0447 and .455") and today, already down on your buys you are talking about a mystery entity building a short position and suggesting a discounted placing is coming? Seems a bit masochistic to me.... In any case if I was EUZ and needed money they'd surely wait, release the imminent results, and then have an equity raise at a premium.
I agree Binky.
A major holder accumulating stock in the background would explain a lot.
I'm banging on about Tr1's lately and I'm still hoping for one stating that certain players have increased their holding.
Gla
It’s just punters selling and buying small amounts, conspiracy theories abound. Wouldn’t bother getting upset over this nonsense, see you on the other side of a multi bagger have great w/e bring on the results.
No need for a placing - finished drilling - awaiting results - selling.
Down another 11%
On what?
0.0411! Come on really ffs
I expect we'll push on later today in anticipation of news next week. After 023D completion I felt we might be going into a news blackout until all results were in but the Linkedln comms yesterday suggests they're keen to keep the story manifest. Also I'm not sure they can sit on price-sensitive results just because the entire package isn't complete. Bit of a grey area.
At least dick Turpin wore a mask !!!!! ..gla
Dick Turpin at work. Cheats
I'll choose my words carefully...
The share price could be being 'artficially' supressed by the offer of a placing from one of our other larger shareholders; DB et al in order to build a larger stake. This could actually be seen as a postive if they 'know' more than we do. I'm not averse to a placing as long as it is only enough to buy a 'For Sale' sign.
4little trades and 4% down don’t make sense