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Buys Incoming...
Thanks Oil unusual for someone to agree with me! Shatner have you had comms from LR & MC that they're visiting Wardell Armstrong?
so my process engineer was correct it seems..
https://mineralseducationcoalition.org/minerals-database/arsenic/
Buying momentum returning...
0.0433 - 0.0448
Much more to come - imho
We appear to blue
Sp does seem to have stabilised at around 0.42p average. But you know how fickle some investors are with their fading rainbows. Some can't make up their minds if they need a sh/it or haircut.
LiL
have been at Wardell today and working hard on the Mett.
Sentiment turning here and those who got robbed will soon realize the error of their ways when Toral is sold.
we have now gone blue :)
I wouldn't expect that to happen but in any case the increased cash position would be reflected in the sp and you could take your profits by selling stock.
Not looking too bad really.
I've been looking into the 'special dividend' situation and if the asset was sold for an absolute fortune it doesn't necessarily mean it will pass onto the share holders via a special dividend.
They could just bank the cash for another project.
I'm really hoping this is not the case!.
Gla
Silver now $19.42 live price - this getting better for all holders
Logic says they sell the bulk of the project and hold, say, 15% for long-term dividend flow. They then move on to other projects. I certainly don't want them to even think of developing the mine. They're geologists, not miners, and I wouldn't put the current management in charge of a fish and chip shop, to be honest
I also like option 1...
Let's hope that happens :)
I agree. There are a few options possible with varying shades of grey:
1) Europa Acquistion
2) 100% sale of Toral and Europa remains a going concern, or, could be a potential RTO option for another company
3) JV - partial sale of Toral allowing Europa to reinvest the cash into mine development. Might be an option for longer term investors
Option 1 for me please - it's cleaner and will probably be easier to quantify once the results are in and we understand the updated JORC
Spoilsport remind me not to become a codebreaker! On the complete company sale I have heard on other boards that there are tax advantages over a special dividend, though it makes no odds if you're in an ISA. We also rescinded the other Spanish licence (couldn't find the RNS though) so it would have to be an entirely new project to move onto. LR and MC have plenty of irons in other fires anyway so would there be a motive for keeping EUZ alive? All points to a complete sale to me, finally with the pound on its knees just imagine all those juicy €'s or $'s - don't spend it yet though!!
Sorry... WUM = Wind up merchant
Me too but I'm guessing 'with ulterior motives'. I think a complete sale for a number of reasons (assuming a buyer is lined up).
Thank you for answering my question.
I don't know what a WUM is but i appreciate your response
There are too many WUMs on these forums these days so every post should be viewed as suspicious including mine.
In any case think of it simply as sale value divided by shares in issue for a price. If it's for the asset and not the company then EUZ may wish to hold some cash back for another project so the value shareholders will receive will reduce accordingly.
We all have to start somewhere and the more I learn the more I learn that I don't know ;)
The best advice I have is don't dream about future values and focus on what you'll do when x happens. So I have a plan for my holding based on a revised jorc etc. A sale is a real possibility and an outcome i like alot. But dreaming of spending profits can cause emotion to get in the way and we've all been guilty of that I suspect.
that much i have learned - i am taking everything with a pinch of salt and learning about the company rather than what people say on here - but i do find a lot of information on here very informative.
I'm really green to this and have only put have a very small amount of cash in shares that i can live without if the worst happens. I am learning as I go...so it's a genuine (albeit naive) question
Is that how it would actually work? if it sold for 40 times higher than the current mkt cap would that actually mean the price per share would be 40 times higher than now? I haven't clue how these things work.
Truffle... I’m used to waiting, BPC have given me the ability for patience and fortitude.
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You've waited long enough...not long now and you'll be in profits. The postman always knocks twice. Noos sooN
Don't forget the wonky hole that was terminated somehwen before the 11th June - nearly three months ago. The upper part was sent for assay but not met testing