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Don't understand why we not moving come on we need excitment
Props I have it as a known unknown as I think we can take heart from the fact that WAI want to be associated with the resource as PFS Managers. If there was any chance that impurities could torpedo the economics I just don't think they'd be interested in being associated with the project at that level. Yes they'll be paid but I read somewhere that mining service providers have never been in more demand so they're certainly not kicking their heels waiting for a gig :) Could the 'value event' be an unknown unknown as we don't even know what it really purports to mean or in Rumsfeld speak something "we don't know we don't know"??? Hang on this is getting confusing!
Although, the value-event is a known unknown - and as elusive as a live garden gnome.
You say, ‘ However this issue remains an unhelpful uncertainty and is a negative in the risk column.’ - a known unknown or a known known?
This isn't just about the size of the resource. Tonnage on any scale is useless unless you have the metallurgy to prove the stuff is economically mineable. To date the grades and recovery results have been excellent and with the ore sorting we're well on the way to bringing in areas previously thought to be uneconomic. There is however one glaring omission and IMO that is full transparency on deleterious elements and by-products. I'm encouraged that WAI wanted to be PFS Manager as they know everything we will have to deal with at smelter but to paraphrase the late Donald Rumsfeld the resource is a 'known known' whereas potential smelter penalties are as yet a 'known unknown' but at least with WAI on board I think it is fair to assume they are not an 'unknown unknown' :) However this issue remains an unhelpful uncertainty and is a negative in the risk column.
I think its wrong to even imply insider trading here without some sort of evidence. I have not seen any volume prior to releases or anyone at all who would have benefitted from prior notice of anything released. You lot certainly know how to scupper any interest here. Just because a punt, gamble, investment, whatever you like to call it doesnt go to your plan doesnt mean its dodgy or even fixed. EUZ appears to me to be going through the motions extremely quickly and has had great results so far but its very early days. As i see it you have only 3.8mt indicated out of 17mt . even at 17mt (14mt inferred) this is a small resource but it is getting bigger and the FS will be key to any possible future. People are just waiting to see what the potential is. It would be highly unusual for any potential partner or buyer to even think money without a PFS or BFS and confirmed resource IMHO..
https://www.handbook.fca.org.uk/handbook/MAR/1/3.html?date=2016-03-21
Reading this the FCA couldn’t give 2 hoots about inside trading
Ant, one thing i am sure regarding the decryption of this code..... luckily for the Allied force in WWII we were not in charge of deciphering messages!!
Ant, it is actually a double code -
7719 sell code!!
I reckon on the 7th Day of the 8th Month (7+1)
at 9am THE rns drops!!
What else could that trade possibly mean?!?!
also means:
SP = 7 + 7 + 1 + 9 = 24p when the RNS drops !!!
I haven't seen any evidence of price fixing recently but i cant comment on historical.
The SP does seem to mirror the trades reasonably accurately.
To have any sort of complaint you would need some very strong evidence of wrong doing, looking at the chart you had a spike in Aug. last year and March this year so the SP can go if there is buying.
I think i and most other seasoned investors could tell you exactly why the SP is where it is but I'm not going to put my head on the block for the amusement of others. What i would say is to manipulate the price you have to have a reason or a goal and the share price historically looks to have a consistent pattern over many years so it would he difficult to say" it started at a specific time". if that was the case.
Bricks, thanks for sharing that info with the rest of us. A few of us that have been here since 2018 and before have seen the sp shall we say managed very carefully by an unseen hand, and despite info being sent to the authorities nothing ever seems to happen. I’ve never met anyone who is a nomad so don’t really know the intracacies of their job or how close they are to rubbing shoulders with market makers, IIs and the like so I don’t have too much of a view on what they can and are willing to do to assist in stopping any shenanigans that may be going on. I think we all believe that with the info that has been released the sp shouldn’t be down at this level , only time will tell I guess.
I’ll get off my soap box now, have a good day.
ATB, Pete
Hi JMA…good to see you popped in…
I communicated with LR on the SP and also asked him if he had considered an investigation by LSE…his response was …” Any formal complaint in regards to the LSE would go to the Nomad then to the AIM team.The price is ridiculous but we are taking action on it. As per management expectations we have tried to be informative while conservative. Money spent in the ground has time and time again yielded results just no one on AIM is currently buying.”
A fairly decent and positive response in my opinion and hopefully we will know what the action is that they are taking soon. GLALTHs
Think its about time all of the Directors bought in like the rest of us to show some confidence in EUZ, slowly but surely the SP is slipping. After the conversion in share price the average was 18p and we were given the opportunity to buy more shares. Its barely half that now. We need a solid RNS to lift this to the Turner Pope valuation!
GLALTH