The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Isnt it ironic that Goldquests SP was $1.80 in mid 2007 !!!!
Source : http://bullmarketrun.com/goldquest-mining-update/
In March 2009, GoldQuest, or Spainco, bought the Toral project from Lundin SL, a subsidiary of Lundin Mining Corp. (TSE:LUN) for $5 million in stock upon commercial production......Isnt it strange that after almost 10 years on...the Mcap is less than the original cost price.....AND look how much money it has cost to get us to an indicated JORC and further derisking with the Mets....not even taking into account the Scoping Study !!! This SP is PURE madness !!! DYOR.IMO GLA.
More than happy to added another tranche at 0.025 seems the impatient are out. Can't imagine LR 's happy about the sp price but that will change.
Thanks mms, picked up 3.9m, roll on the mets and hopefully a sale of asset
Put into perspective, that drop of over 9% happened over 6 quite modest trades, one of which was a buy. I’d hardly call that a momentous sea change.... just MM’s playing with the best place to pick up two-way trades (find liquidity).
Very happy to add below 0.025p. Bargain imo..
I’m surprised that the sp is going down especially with the impending news. Unless of course this is just another shake by the MMs. I’ve done my bit today, I put the last of my available cash in and bought another 2 mil ish. So unless I can find a street corner I won’t / can’t get anymore. Come on LR get out there and get some positivity going and let’s get heading north. GLA
Looks to me like stop losses are being triggered
From the Zinc / Lead peer table take Adriatic Metals as an example, they're interesting because they're about to list on LSE - straight onto the main market they are suggesting! Feeding the uplifts from the JORC into LR's figures gives us US$m 3,271.37 to Adriatic's US$m 3,794.18. They are at a similar stage of exploration as we are and converting their current Mkt Cap from Aus$ to £'s I get £m130. That's a cool 26X our MCap, what the heck!! Their SP has risen recently due to a positive scoping study and I haven't taken the time to check that LR's resource figures are bang up to date but you get the idea. It's absolutely ridiculous.
Don't know about you guys, but I am getting a little nervous here. Expected this to be well above 0.03 by now and not sure that really good Mets will help the SP much, happy to be shot down here. I am going next week to the AGM and will no doubt be better informed, but I beginning to think that they need to pull a rabbit out of the hat - and in my opinion that can only be along the lines of a JV, buyout or sale of asset. Otherwise more drift could be on the cards. GLA Verbs
Is that not 4 types of crystal' Bricks? :-)
@ Shed..FYI…Check ur ball…...Crystals are also used in Feng Shui to attract certain types of energy. There are three types of crystals commonly used to attract wealth: clear quartz, pyrite, citrine, and amethyst. Get a few pieces and place them in your work space......Feng Shui always wins as Menno would say :-$ Lol
Thanks for that Bricks appreciated
Chris
In case that link gets taken down I'd forgotten that it was RNS'd on 9th Oct. As I said remember Zn up 30%, Pb up 12% and Ag up 8% on those figures in the table. Plus the more intangible (to me anyway) concept of the overall resource model being 'substantially enhanced'. I think that's what LR was on about when he talked about the risk that was taken with AM re-interpreting the entire resource rather than just tacking on the new figures. Personally I think it's detail like that which proves just how serious this project is (along with the unglamorous geotechnical and hydrogeological works) but are clearly not being recognised by the market.
For valuations it's also worth looking at the 9th Oct presentation which was put together after LR didn't make the TP event, you can find it on Vox https://www.***markets.co.uk/articles/europa-metals-corporate-presentation-featuring-laurence-read-5ceccd1
At around 8min 20s there is a chart showing Pb/Zn peer group comparisons, remember our position has improved since then with the indicated JORC and don't forget the importance of mineralisation grades as well as the tonneage.
@Chris...the question is very difficult to answer at this stage ....as no one really knows what exactly is going to be sold... ie EUZ, Toral (the asset) or the product (Which at this point in time points to two products.) These products from what I have understood will be two concentrates...one with lead and silver and the other Zinc. Source CB's statement in the annual report.
" In all likelihood, potential future products will comprise a zinc concentrate and a lead-silver concentrate"
DYOR...GLA.
Hi
So what would be a sensible guestimate on a sale
CO