We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Are you sure of that?
Heid I certainly am not blaming Justin Like Justin and I take full responsibility for my own investments and have made very good money on some other shares that Justin has bought to our attention however all I’m saying it Justin had sold out of this fully before the news which is not what he was saying before (usually sells half) then dissapears off Twitter the week it all unfolds and today is back on as if nothing happened....
Lundin have no NSR
Many Thanks Oiltap...much appreciate your guidance as always :)....Will do the math and hopefully it will put in a better mood :-)
We clearly are all still on board with the EUZ story, and are all searching for reasons to avoid jumping ship, so in this situation, shouldn't we all be buying stock? Is the value of EUZ declining fundamentally, or is it simply more of a bargain?
i say its SS then PFS here - get someone in to pay for infill and FS!
@Oiltap..I thought I heard Bankable Scoping study mentioned a few times in presentations. I may be wrong but will do my homework....Please share your numbers publicly if you are confident enough to :-) I promise I wont hold you to them :-)
Thanks ben for the response...Just to add one point that really peeves me. The output from the last exercise was supposed to be a Bankable scoping study....so now Investment groups have got access to it but yet PI's like myself have no access to it....so we as shareholders funded an exercise for some outsiders benefit ? Really really mad that I cannot see the so called Bankable scoping study which you, I and many others also contributed towards !!
You can not blame Justin for the drop in EUZ share price.
Justin always says to do your 'own' research.
I think Justin's videos and his podcasts are great.
Try focusing on poor management here...there lays your answer.
I don't disagree with you regarding the quality of management. They might go some way to redeeming themselves if they cough up and buy some shares. This has been a big red flag for me for a while, but I foolishly ignored it.
No, I would not get away with losing 50% of my company's net worth. However, the only value that's been affected is the market value in this case. This isn't the same as what the company is actually worth. Currently they've got a bunch of metal in the ground and a little cash. If anything, the mcap still has them overvalued as they aren't even a business yet. What this ride has taught me is that my understanding of mining is far below where it needs to be to justify buying mining stocks.
We all need to be humble and move on.
Spot on Bricks been saying this from the off. They should not get away with it!!!!
Also the fact that a placing was done to fund a scoping study that is worth diddly squat !! WHo is to blame for this other than management ??
@ben89...not blaming others.... just piss poor management recently. In all honesty in ur job would you get away with making two huge blunders that cost your company over 50% of what they worth and expect to get away with it ?
Are people here actually blaming someone else for their misfortune? Take responsibility. How many tiny mining wonder-stocks actually make it? Hardly any. Investing isn't a get rich quick scheme and if you thought EUZ would offer you that opportunity, then you are a fool. Too many here clearly put in more money than they could afford to lose.
JW is savvy and clearly puts in the time to research stocks. Just because he sticks to his strategy of buying before the hype drives the price up, and selling when he doubles his money, doesn't mean he's insider dealing or ramping etc. He talks publicly about his investment decisions and he also advises you do your own research. If you all made a ton of money you wouldn't be complaining would you?
I lost money on EUZ too for what it's worth. Initially I profited when I bought at 0.08 and sold at 0.15, but took a risk and bought back in, thinking it would maintain momentum. It didn't. There is no harm in waiting. Wait until after the news you want to see comes out (if it even comes out at all). It's better to miss profits than it is to take losses. I've got a small stake now, just in case. But if it goes to zero, I don't care.
I agree that LR has done a poor job of managing shareholder's expectations. Over time however, if it's meant to be, the scales will tip back in our favor. Mining projects take time...a long time. We've all hopefully learned a lesson from this, and I hope EUZ management have too.
Also, don't forget the macro picture. Brexit, tariffs, trade wars... What stock isn't going down these days? If you're going to point fingers at anyone, it's our nitwit of a PM and the nitwits who voted to leave the EU. Hindsight perhaps, but whatever. Chill out.
I would love your shares at 0.0055p lol
You think any heads will roll after this debacle ?
From the heights of 0.16 three months ago to this purely on poor management nothing else. They need to get their act together and sort this mess out. Great asset very poorly managed recently.
Likewise will buy heavily once it’s stabilised.
Well JW is a chronic liar who is probably employed by TPI - no doubt he sold out long ago yet was telling people he was still investd!
Yep :-)
Lol...isn't .0055 pounds = .0055 pence ?
They was on proactive a few hours after the rns .... Did you miss it ?
this will come good again you can’t keep a good asset down the figures will come out soon enough
How Justin Waite “has been on holiday” since the massive sell off started and now he’s back after the news!
I don't think its an over reaction....this is after all an exploration company....they should have known and done a better job and imo a reflection of their management. Market reaction is geared towards them...not the asset.
Where are they now ito managing the reputational risk etc....why have they gone quiet and just let this situation escalate ? Why no official statements....even an apology will suffice...still...nothing from them
Honestly I am stunned and quite shocked at the moment for their inconsiderate silence and no messages to their shareholders !!!
Yep ...divide 40$m by 5,574,876,317 ;-)