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Thanks Bricks, that'll do and I appreciate the feedback.
Hi Matrix...not 100% sure whether this answers your questions but it was in the mobilization RNS.
"Over the next two quarters we are expecting to announce the results from the drilling, an updated JORC resource, and details of the likely product types that can be produced from Toral. " - LR.
Morning All. Happy that there are updates, though difficult to really trust this one and be excited again. Worst management of a company and destruction of share price I've had to deal with. That being said, what is the expected timeline for feedback RE the drilling, and secondly for taking this from inferred to indicated? Are we looking at a month, six or twelve for additional news/progress?
I'm with you there DD. It would be nice to see the hole furthest along the strike go deeper. The SS makes this point:
"Mineralisation is hosted in a dominant single structure or “lode” with six small sub-ordinate
lodes. The area has a relatively sparse density of drilling considering the extents of the
mineralized zone with drillholes generally terminating a few metres after cutting the main
lode. As a result, there is potential for additional subordinate lodes and “thrust repeats” of
the main lode which have not been intercepted by the existing drilling."
Yeah sure plenty of sellers last week. Very few bought at 0.0015 is my point. Keep up Bobby.
They couldnt give these away @0.015 last week. You now have to pay 0.018. and in the background the likes of BH are building positions. Now drill in the ground on the sweet spot....
On NEX as well :-)
Just lump in . We all know where this is going.
Is a drill at this depth likely to take and how long before results are available?
MMs always do this 3 x 66,666,667 trades 1 cancelled so one of them is a genuine buy of £12k
Spread seems to be all over the place today .. a lot of buys showing as sells and vice versa. Something going on here , had a top up to round my holding. Tempted to lump in but will hold off unless we a dip down to silly levels . Exciting times here I feel
The Geemans didn't take 14.5% of the company on a whim, now we have an investment bank holding around 6% as of yesterday. In the rock bottom placing management got their first holding up to 2.2% so there's about 23% of the issued shares accounted for. We were at £6m cap, eqv 0.05p before the scoping study, now £1.8m even though the SS was very reasonable. Perhaps Sleveen was right and this is being lined up for JLP. They'd then have assets that weren't in a Pariah state. South Africa is quickly becoming the next Zimbabwe. The EFF taking votes from the corrupt ANC, I'm sure foreign investment is queuing up to get in there! lol Toral is a quality asset in an investor friendly country. I hope you followed the money after that cheap placing, if you can't beat em join em. I've now x3 my previous holding and may increase that to x5. If JLP were to bid $15m+ once we're up to indicated who knows the Geemans might even accept that. Not bad for a project with a current NPV of $110m, more when its in production of course. Regards, Ed.
The fundamental fact is that these new investors aren't going want the SP to tank, quite the opposite they've done their DD and made a play.
@Oiltap .....You were right !!
Concerning Deutsche Balaton Aktiengesellschaft holding, to clear up some queries:
1. TR1 disclosures are the duty of the investor and also how they execute the submissions
2. Deutsche Balaton have opted to submit two TR1 forms to be quite thorough in showing the beneficial holder (similar instances are seen usually with regard to larger companies with cross holding funds)
3. They hold 14.47% of Europa
Kind regards,
Laurence Read
Executive Director
Cheers Oiltap still learning, yes Bricks amazingly similar figures who'd have guessed with this lot.
NPV is $110 m and CAPEX $110 as well...... :-)
Looks like they’re messing about with the sp again just bought two lots 6.23M at 17.4 and 5.8M at 17 - let’s see what happen. Happy to top up now we’ve started drilling.
NPV $110M v CAPEX $110M, should this not read NPV 1.1B v CAPEX $110M.
Not the 1000M drill depth i hoped for but deeper than previous, hope to intercept much more copper or ????. GLA.
Strange deals taking place.... If you selling now you are one of three people....either a trader ....or an idiot....or both !! Lol .....an Irishman taught me this !!
Get ready
Showing now !
GreAt news flow with regular updates to come now . Euz not showing on top risers for me ??
Within these notes they again emphasized the economics.....good stuff looks like a few lessons have been learnt by LR and BOD.
RNS - news flow has returned. First 750m drilling started.
Should be done soon