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Simple, because sentiment turned and people were robbed of their shares, delays at Toral with deviation etc and now it's just rerating, remember this share has dropped from 0.155 this year which is over 1000% down! Toral assay results and hopefully upgraded JORC means this will move so quick on revaluation. Stake builders in the background too means it will fly!
Any specific reason for the increase in SP today, and the large volumes? Any insights into this will be appreciated. I don't always understand the difference between trades registering as buys and sells.
Thats the sad part about jse but still this is a great buy, i see this at 0.08 zar by end of q4. Once we de-risk with metallurgical test work.
Yep...I bought 11m in total today. Sad thing is though we are paying 4x the price !!!
0.01ZAR = 0.000575154 GBP
@BricksSA i see 9m shares traded on jse, is that you? Good buy mate. Im just cash Trapped. I'd have liked to top up
Out of the darkness..... nice to see some positivity return to this share! Glad to have got in last week hopefully at the bottom. Love to see Toral sold off and this become a ten bagger!
Many thanks RA for such an enlightening post. It somehow assisted me in connecting some of the dots.......
I thought it was just me thinking that "something was going down" but could not put my finger on it....You have certainly assisted me in gaining a better understanding of the "bigger" picture for which I am extremely grateful. Thank you once again.
Excellent, thank you for sharing.
Good post RA.... One thing you did not mention and I would be very interested in your view is whether the faux pas caused by EUZ management ....and there are a number of them.....had anything to do with the capitulation of this share...and also if you believe they were somehow engineered ? Also what are your views on the current management team taking this forward and if you would like to see changes what are they ?
Bobby what timescales on jorc update do you think?
There's your problem: "Yet LR has not commented on either position."
@ DW did you see this ? https://m.youtube.com/watch?v=NwZ9rDjh9NY
IMO LR has learned absolutely nothing about PR, just posted Turner Pope's work and done nothing proactive himself. There's still risk as Turner Pope points out:
Sensitivities: metal prices are key to valuation
Our valuation is most sensitive to changes in zinc, lead and silver prices. Of these, zinc is the greatest contributor
to the company’s valuation. All else being equal, a 10% increase in zinc price results in a 38% increase in our NPV
value.
With 11,927m shares outstanding and further funding required for the development of Toral we see further
dilution as a significant risk.
The lack of detailed metallurgical and mineralogical studies is also a significant technical risk to the project. The
Company is currently drilling the high-grade area of the deposit to acquire sufficient material for metallurgical
testwork.
Thanks tradeuk for sharing. From my perspective it seems like LR has learnt a few hard lessons along the way when it comes to PR and he is no doubt rectifying this. Also it is good to note as Oiltap has said that the TD23 hole currently being drilled and the area it covers "the trick up the sleeve" was not originally included in the JORC report so I have absolutely no doubt that their will be a substantial increase in the resource when the updated JORC becomes available. The sad thing about EUZ is no matter how much good news hits the market it does not somehow reflect in the SP. I am going to buying another few million on the JSE today even though I am paying a premium of 5x the current price on the LSE as I am convinced EUZ/Toral will be mining one day and will move out of exploration into mining.
You know this really could recover back to 0.1p - rejoice, rejoice!
Wow....the current evaluation of EUZ makes for compulsive reading......and maybe more compulsive buying :-)
http://www.europametals.com/site/PDF/2924_1/EuropaMetalsplc
http://www.europametals.com/site/PDF/2925_1/EuropaAnnouncesDrillHoleTOD22Complete
tps://s3-eu-west-1.amazonaws.com/vox.assets.public/media/cf72ca4e-efc4-44e2-a7ac-fcec6fce4d32-1920.pnght
Where do I go to find this Turner Pope note? What happened was I went on news and announcements on EUZ website and couldn’t see it.
Cheers
I think they drilled them 10bagger, though I admit LR looked even more tired than usual! It's all about proving the scale of the resource and demonstrating there is a viable commercial method to mine it. LR has always said the plan would then be to monetise the asset with a bigger player.
The holes been dug successfully so when’s that going to create profit for the business? Assuming there’s minerals there...
Cheers
Podcast
****************************/articles/block-energy-and-europa-metals-65777d5
I enjoyed this......two things that stood out....This new hole is "the ace up their sleeve"......I think I heard the word exceptional being used. And the second thing is LR was on site !!!!! So all goodly !!!....no moans today !
@Bobby...I understand what you say.....but how does one explain the late reversal of the supposedly 66,666,667 "Sell" yesterday coming through under todays date...... IMO this is crooked and they are fixing the price !!!