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Exactly my point...leaders don't run out of money and then wait to raise funds for the next development effort...they do it well in advance and keep their shareholders informed....LR could have raised the money at 0.012 instead of at 0.0015 when he did....and diluted us into oblivion.... I sincerely hope things are going on in the background.
I'm hopeful that a schedule for the next phase of the project will be published soon.
As the funding as only just been raised I can't see how they could have previously published a timetable of next phase, when they didn't have the funds available .
Things are obviously going on in the background ...........
Hi Bobby,
I think 14% is substantial at any stage.....but I am not in the least concerned now that DB are on board as whilst they are protecting their own interests we as shareholders will get the benefits.
As for the silence the last time LR posted anything on EUZ was 30th March....as you know we have raised another 960 000 since then and yet still no news on development on site at Toral ? I find this very strange behavior indeed from a man leading a public listed company. The first quarter of 2019 is just about behind us and absolutely no progress on site this year....he deserves his backside kicked imo.
About to vanish...
Some serious money arriving, time to buy?
Booby. I, for one, am not asking just for price sensitive information. I want to know what's happening in the field. Regular news updates that don't need RNS
Until a deal is struck which could be imminent, just because there's silence doesn't mean nothing's going on.
Could be NDAs in place, we just don't know either way.
The fact that another company has acquired the best part of 15% suggests there is someone interested in joining the party.
We haven't seen that amount of investment one hit for a very long time.
"Be fearful when others are greedy and greedy only when others are fearful"
Lol...love the T/O hostile or friendly bit......:-) The current BOD do however, need to shape up or ship out...I have a funny feeling that some serious discussion is or has taken place between DB and BOD....and there could be a power struggle taking place ....just a thought....this could possibly be the reason as to no communication from BOD as they are rudderless at the moment...so good time to buy....when there is blood on the street so to speak :-)
I just want to see over 0.12
The FCUK UP by the BOD has allowed people to take positions at extremely good prices, hopefully news we send this much higher:
1 T/O - hostile or friendly
2 JV
3 Inferred to indicated resource
4 New drilling results and metallurgical results
Plus other influences
Strong reversal started on 16th April - only 1 way up now.
Should see a return to sensible levels over the next few months
is a good buy now.....
1. Cornerstone Corporate investor in Deutsche Balaton. They currently own 14.5% of EUZ and appear to be wanting more IMO. They are the watch dog that many investors crave for especially on the AIM. I expect LR to be replaced shortly following his absolute debacle with regards the scoping study and revised Jorc taking us back to 16M tons. In addition by clicking on the below links one can see how DB handle incompetent individuals so my guess is LR has already been asked to resign or given his marching orders.
https://www.mologen.com/sites/mologen-ag/files/Annual%20General%20Meeting/2019/English/181121_Adhoc_notification_Balaton_final.pdf
http://www.deutsche-balaton.de/wp-content/uploads/2018/05/2018-05-28_Open-letter-to-Mr.-Borer.pdf
2. They are now cash flush having raised another 960,000 pounds to see them through to proving up the Toral resource from inferred to indicated and a PFS. It is during this phase that the risk is reduced and the SP climbs based on reduced risk. I think someone at some stage referred to it as a sling shot !!!
Please feel free to add further reasons ….
me to get back in here I think.........sold end last year around 0.15 ish mark..........don't get many opportunities to increase original holding 6 fold or thereabouts for the same money and whilst something appears to be happening in the background.
me to get back in here I think.........sold end last year around 0.15 ish mark..........don't get many opportunities to increase original holding 6 fold or thereabouts for the same money and whilst something appears to be happening in the background.
Wouldn't be surprised if there isn't a power struggle going on, CB will not let this go cheap and the new investor's are playing hard ball too. So I reckon some where between .05p and 1p maybe agreed.
Thanks Gizzard, I also did the 1.690,000 to round up to a couple of grand, so average now about 0.011, just a 6 bagger for me then to break even.
Well done £1660 for 10M buttons you’Il do well on that purchase
Hi Guys I have finally taken the plunge and topped up with a 10M buy at 0.0166, which believe it or not brings my average down from 0.2 to circa 0.12 as I have been stuck here since JT and the FCR days. Good luck everyone and have a great weekend. ATB Verbs
2 x 340,000,000 sells ?
I seriously doubt LR is there. I suspect he is on gardening leave. That probably wouldnt need to be announced. If he goes then hopefully the Bird will go from the table too. Fingers crossef but a lot got on at 0.1 and we are a long way away from that now
You're right. I just hope they are in it for the long term.
They could still make some serious money by selling out if this share increases in multiples well bellow what most have bought in at .
Gla
This dog will be walked down to all time lows if no news within the next week or so
Dear LR,
Please can you provide an update on the following activities planned for 2019. Also please can you give us estimated target dates for each activity taken from your media presentation on your website which you obviously never spell checked :-)
• Infill drilling campaign to target the high-grade core of the deposit,
with the aim of increasing confidence in the resource estimate to the
JORC (2012) Indicated category.
• Completion of the first metallurgical test work programme on the
project to provide PFS level results on comminution, flotation and
concentrate grade.
• Commencement of environmental studies, which will be ongoing
across the seasons.
• Commencement of hydrogeological characterisation of the Toral
Project .
• In conjunction with drilling, geotechnical information will be routinely
gathered and assessed, complementing the Company’s growing
knowledge base for the project.
Now, where were we before LR f***** everything ? Ah, a great asset in a great location, pending mining rights and SS proving it’s just waiting to come out if the ground......Oh, and severely undervalued. Another top up for me then :)
@ Oiltap...our new big brother looks like a seriously tough cookie...I wonder if LR is actually still around....
Look what they did with a 5% share holding...... I honestly feel the winds of change has already started...
https://www.mologen.com/sites/mologen-ag/files/Annual%20General%20Meeting/2019/English/181121_Adhoc_notification_Balaton_final.pdf