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I got a tip off Shatner about Euz when it was .014 about a month ago and did nothing about it. The reason being I have held so many miners stocks before ie Vast, Sav, Sml, MAFL, Prem and many more. All have turned to ****e.
I did what I said I would never do again and came rainbow chasing here last Thursday at 0.061 , just over 7 million shares. I sold JOG that I had held for 18 months and what happens the next day they release an RNS and jump 20% lol.
I really hope EUZ comes good for the LTH and newbies like me
Anyway that’s my story , thanks for all the informative posts and good luck to us all ...
oh! jse opens in the morning 0:900 gmt, up bright and early on this very hot and humid day.
Should have added I'm not an expert and obviously not giving advice. GLA
For what it's worth if things go well I believe the entire asset will be sold to a big player. There would be no more EUZ, in that eventuality you won't receive a conventional dividend but a settlement for your share of the company. I believe this is more tax advantageous should your shares not be held in an ISA, if they are you're sorted either way. Given the volatility it's a tough time to bed & ISA, it could either go spectacularly well or spectacularly badly!
Wat time does the jse open tomorrow?
I don’t believe any cgt is payable on any dividends received from stocks in an isa. Whilst not giving any financial advice, it may be prudent to bed and isa (up to your annual allowance limit) if held In a normal account while the sp is low if a special dividend is likely. Please dyor
If it happens, what could we expect to see price wise. I know there’s a lot of factors to consider but I was just wondering if it’s worth topping up a little more Tuesday morning or if it’s too late now and to stick with what I currently have.
During the last 50% share dilution/cash raise, the shares were issued at 0.0125, so the new shareholders are well in the money already, with another pack of shares (1 to 2, I think) available to them at 0.025. Basically it's down to them what to accept. If we score, it won't be because management want to do the best for all shareholders, just the ones that count. Yes, I'm cynical, while hopeful of coming out to the good.
Is CGT paid on a special dividend (just in case it happens)?
Cheers
I am happy to stand corrected but in some types of takovers, The share price has to be the highest the sare price has been in the last 12 months .
And that’s before the new drills... lots to look forward to, looking at the SASA mine grades similar to ours as described in the SS which sold for £400M no wonder we’re on the move.
Turner popes 0.095 target was discounted at 70% I believe. So true SP of 0.136p x 70% = 0.095
The pictures are on facebook too, and I have requested to join groups of geologists. Not got any approvals yet but if accepted I will post the pictures and let them give us an opinion. They must know more than me as an electrician.
At today's rates 1 ZAR = 5.6 pence..........1 cent = 0.056 pence
So if JSE hits 3cents that = 0.168 pence.
Will be watching Monday for sure..... :)
Interesting to read this as well....possible connection ? Also the past few days....
https://www.thebunsenburner.com/2019/08/22/central-asia-metals-plc-caml-is-picking-up-steam-2019-08-22/
Taking £6152 divided by 5,739,000 = 0.00107 so as you say watch jse as it could move over 3c with demand. Btw I’ve had a look at the core samples but can’t get a fix on what’s showing. Looking forward to Tuesday enjoy the sun.
Yep.Definitely works both ways..The potential buyer also needs to "lodge gaurentees" for the total amount of the offer to share holders.
As a side issue I dont think that DB and partners are involved in these talks (if they are ocurring)....I personally think its a Glencore or CAML or someone already in the game that can take it to full mining status. DB and co will ensure we get a good price. IMO only....I must stress this and have no info whatsover. But something is definitely on the cards here and is being played out under our noses....
Spot on Oiltap...rerate definitely underway though.....may even go higher than TP predictions....lets see.
So FWIW......adding to the duck story that RA1 so aptly described....where there is smoke...there is fire. My belief is a "sale" in one form or another is on the cards ....and "big brother" is watching this closely and will not let them sell this cheaply.
Also if a shareholder already owns more than 30% of EUZ they will be compelled to "make us an offer".....and it will have to be an attractive one at the rate we are going at the moment. I am rather surprissed that no TR1's have been issued as during the past few weeks my guestimate is over 20% of EUZ has possibly changed hands.....not done the exact sum but must be fairly close to this %.....Interesting week next week !!!
It will be interesting to see what happens on the JSE on Monday as at the bell on Friday a buy of
5,739,000 shares occurred at 2c a share which cemented in effect the SP at 2c on JSE which equates to .0010 on the LSE . With the LSE being closed on Monday all eyes will be on EUZ on the JSE no doubt.
Now this may not be in everyone’s interest on this BB to know but a few salient points I would like to point out.
The above transaction cost the buyer ZAR114,780 which equates to GBP 6,152 . SO this transaction has already taken place at 0.0010 …. The MCAP of EUZ on the JSE is R 239,537,526 which is in GBP 12 875 347…6.3% of the total stock of EUZ is held on the JSE.
On The LSE on Friday something strange happened as well at the bell…..a trade of 274,285
Shares at 0.0007 to make it the closing price……
Co- incidence or not…..but someone is not letting the MM’s have their own way at the moment but certainly a good time to be holding a good few of these shares at the moment.
Lets see what transpires over the next few days but hopefully positive for all....GLA.
That did make me laugh applegarth! To be honest it wasn't even intended as a ramp. I genuinely hold those views. I've done pretty good in the markets over the years and I like to think there's a bit more to that than blind luck, in fact I know there is. I know some regard chart reading as akin
to reading tea leaves, all I say to them and you is watch and learn ;)
Mynextmillion.......ramp of the week, i can't follow that? I agree, stocks in the tenths or hundredths of a penny rise fastest when the sp has been well and truly oversold on nothing else but lack of news. Now it is payback time, playing catch-up as news trickles in.
just for balance, i didn't get to No1 by being negative, lol
http://pumpedordumped.com/rampchecker/rampchecktopramper.php
PS: I know the markets are obviously closed but I'm less likely to even think about financial stuff and 'planning' when it's a bank holiday. Work provides a good distraction. If we were open Monday I'd no doubt be back and forth into my account, hehe!
I think Zak Mir called this absolutely right the other day when he labelled it 'chart of the year' it really is a thing of beauty. The strongest looking chart I've seen in many a year. There will be pullback OR consolidation points of course (with charts this strong a consolidation is more likely at the moment than a significant pullback) but the daily and weekly trend is VERY strong. I see the next possible resistance as the 200 DMA @ 0.00125 which is also a price action resistance point on the chart for added confluence but ultimately when we get the 50/200 DMA golden cross in a week or two I'd expect (given the aggressive angle of trajectory) a 4 to 7 fold increase again from that point. So what are we looking at? 0.00125 by the end of next week and within the next few months we'll be much much higher again. This isn't going parabolic it's going hyperbolic. Hold on to those winning tickets people you just hit the jackpot!