George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Needed .
We all know the current NPV which is actually for Nett Present Value is $110m (minimum). I state minimum as it was done on a JORC of 16m tons. We know the resource is bigger than that and will be proven within the next 2 quarters as per last RNS. So this being the case the current SP SHOULD be 0.0070 !!!
Anyone selling for less needs their head read !! You think the bigger players haven't spotted this anomaly ??
They must think we are all idiots !!
......and I wish them ALL success.
Same here, remember buying these 2 years ago and that's flown by. But added lower and at recent levels to reduce my average, probably got about £25k tied up in this which I will get back and some!
Other people have got substantially more invested..
Gizzard, fair play to you but I'm just looking forward to the day when I've got my dosh back - from here and FCR.
I never saw it....but it looks like everyone is holding their nerve...We just need to keep it up and we will break up their game !! Hold ...STRONG !!
This went into Auction earlier this morning for few seconds 20/20 did anybody else spot it.
Maybe there's another large purchase going through and it briefly spooked the MMs. I'm looking to the day when I'm sat on a small fortune.
Yep I agree...should be slow movement up every week... as long as small investors hold their nerve.... they will be well rewarded. Also as Toral is EUZ's last asset I don't expect a selloff....This will be a mine IMO and it will be either via a takeover or a JV. I cant see EUZ selling it off otherwise they will have to close down effectively after the sale and payment to share holders. I am leaning towards a takeover at this stage....and it can happen in a number of ways...the current scenario being played out one of them.....
I totally agree. The drop in s.p yesterday was part of this price game being played Imo and the motive was to get people to get nervous and offload.
All costs for this venture so far have been absorbed by the long term share holders via dilution.
If a big mining company get hold of this asset at 5 times the s.p value it would be a bargain.
The good thing for all holders at the minute is that the majority of shares are being held by a lot of individual p.i's.
Even if the big boys are trying to skim the cream at these low levels - even with delayed Tr 1's it wouldn't be possible for them to get a major share holding without affecting the s.p in a positive way Imo .
Gla
Here's the scenario we are in ....hence the games being played...
Certain key large players in the industry have caught a wakeup that EUZ is now cash flush and drilling to move Toral their primary and only asset from inferred to indicated and are busy with this process.
As with any exploration company...the risk of investing in them will be radically reduced once this happens. However one needs to be in the game when this momentous event takes place as it effectively re-rates the SP radically. This is when the sling shot will occur and NOT before then IMO... Hence the current situation is that the SP is being manipulated to allow these big orders to take place and for the bigger players to get in at the right price. It appears that certain brokers are buying and selling to each other in order to keep this price down and hoping to scare smaller investors out..... THis is my opinion only but do your own homework and IM sure you will come to similar conclusion.
@Oiltap... I forgot to mention....LR is still not off the hook as my other question was unanswered...so I went again.
Thanks Laurence for getting back to me....
One further question however has not been responded to....
Why were 2 TR1's issued for Deutsche Balaton and released at exactly the same time ?
And what is their % holdings in total ?
It appears to me that the RNS was done after hours yesterday to hide away the info as much as possible. Why not release it this morning, instead of sneaking it in after play.
Something brewing here, the big question is do you take profits from elsewhere and sink it in here to lower your average.
@Oiltap.....It appears that the 2 x 340m trades are related to the TR1 of yesterday....I received the below response from LR last night....
Our nomad has received the tr1 in question and it has been released to the market a moment ago.
Time for the re rate. BH tr1(snuck in after hours) could well kick this of
@Gizzard....Check my post from yesterday....I copied and pasted some of it below...
"What intrigues me though is EUZ has a dual broker....so I am wondering whether the new boys on the block are playing a role in all of this.....just a thought....."
I hate to say it....I was right and for me this smacks a little of "Insider trading" and confirms our original thoughts....we are being played.....
So my strategy remains.....If you cant beat them.. Join them.... :-)
That rise didn't last long....looks like pi's don't hang about to take their %
G L A
All looking good going to Pop tomorrow
Yes, positive news indeed, especially with the directors digging into their own pockets. Now that all the mates are ready to cash in, can we see some action?
Brandon hill involvement will raise a few eyebrows from pi with deep pockets .....expect interest tomorrow
Brandon Hill took the placing at EDL at 0.02 several weeks ago and the price is around 6 times that now.
Could we do the same I wonder ;-)
It's definitely a very good sign.
Interesting..... wasn't expected!
Crossed the threshold on 13/05/2019 which was yesterday. So we know they were under 3% prior to yesterday - hmmmmm
My thoughts . The sneaky devils. Buying on the sly. Fireworks to come.
Will this move the SP. My prediction .021 close tomorrow thoughts???
So directors of Brandon Hill Capital have taken shares too.