GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video 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.
Meno, order a few crystals for me too
Im personally not surprised at the speed of the drilling program. They diluted us to raise cash specifically FOR drilling, and as Gizzard says, it was planned. From my perspective the sooner they get on with it the better. additional motivation might include: a prospective buyer has asked for more meat on the bone, or further firming up METS results, but with both these scenarios there are price-sensitive reasons to not give too much info to the market.
@Gizzard.
Not all of my comments are negative - just the negative one's.
I would consider my comments to have an element of objectivity that has come from accepting that I am just short of 50% in the red.
All the facts and figures are out there and I have done my research.
At the current pace at which this project is going forward , I think more cash will be needed to 'sure up' Toral for a no risk buyout, because it's looking like whoever (if there is any anyone in the wings) is steering this project with a 'silent hand' is intent on the p.i's taking all the risks.
At the risk of sounding like our good friend Mapp (Sorry if you are offended Mapp) the directors are coining it in whilst our investment goes South and the big players are handed free cash.
I'm not de-ramping because that's just not my thing.
I'm still holding my shares and I'm waiting in anticipation for the big buyout.
Genuinely.......Gla!!!
Hi people, with all the great news lately, and the SP down, we all except the SP to rocket on METS. I can see the market will keep it tight until we have a offer/JV. I hope I’m wrong. IMO. GLA .
B1ll, from the 25th Sep Assays "Such update, along with a new geological model, will inform the next phase of work for Toral, in combination with Wardell Armstrong LLP's metallurgical testwork, in order to move the project towards a potential mining licence application." (MC). I remember reading this comment at the time and being a bit disappointed as I'd hoped we were done with exploration however it answers a few questions. First that the work programme including drilling has been planned since September, secondly that the mets have contributed to the drilling strategy - so enough of what they needed to know from the mets is in and thirdly that they hold great significance in the new geological model. This is fascinating as they risked the already banked resource to establish this. I admit I'm not entirely on top of what they did and exactly why but it seems they knew, or someone wanted to see an alternative interpretation of the JORC. LR has described this as heart in mouth time or something similar so they didn't just do it for fun. Finally I think it suggests that this is intended to be the last phase of work. MC and CB are loaded with shares and LR is in it for his options, yes he's well paid as well IMO but they're thinking big and will want this done.
Hi Oil that would be my guess. On the LR comment - wow that's pretty unguarded stuff, definitely a lot more going on than just the drill in the ground. I suspect he's getting frustrated about that and given you a bit more than he might otherwise. MyfirstM, I'm not being prickly but my posts today aren't designed to sooth because of anxiety with the falling SP I was just working at home today and got embroiled in some intriguing threads. I'm sure none of the LTH's here see their role as managing sentiment, just enjoy a discussion of what we're invested in.
Well thanks for your views Shed.
I'll leave you guys to it then and I wish you all the best of luck :-)
Gla
Bricks, Oil and Shed. Thank for your knowledge guy’s, and what a great read. A bright future for us all I feel, keep the great posts coming. GLA.Cheers.
Cheers B1ll - by the way who are the definites for the AGM? I won't know if I can come until the night before but I'd be interested to know who to look out for if I can.
@B1ll...you make some very valid observations. I agree with you that the PI's are carrying all the risk at the moment as it seems like our strategic partners have already "derisked" to a point where they are having a free ride. This being the case it is us who have paid for this project to date and I think LR is aware of this and pushing on rapidly for our benefit. All will be revealed soon I suspect based on Oiltaps feedback.. LR seems very busy and upbeat at the moment so I am totally relaxed. I do however think that particularly as the SP is where it is..that more communication should be provided via various channels to SH's in order to increase awareness of this great asset and try at least to put some positive news out in order to put the spotlight onto EUZ. From an Operational standpoint as mentioned numerous times on this BB we cannot fault the BOD. Communication imo remains a challenge. However having said this if any NDA's are in place it could be very restrictive for LR and it is highly likely this is the scenario. Yep it is rather frustrating but in this case patience is key.Hang in there mate...:-$
Looking forward to the METS next week prior to the agm, wished they'd had the meeting later than 10am coming from Manchester is too early for me. Expecting answers to lots of questions as pointed out by others, we need more PR eg. tweets and energy to get this great story out there. £4M cap for an NPV of discounted £110M is laughable. Very quiet at the mo no doubt due to NDAs.
What's holding the shares price back? Apart from the MMs I reckon it's the reputation of DB and LR for not protecting or looking after shareholders interests. That's the word from a number of respected twiterati. Come guys, it's been a long and rocky ride. Time for the magic.
I think this is just about to get moving. I have a feeling some criminals have caught wind of news. Lets see! All completely IMO. I've got the Friday feeling :-?
Anyone buying now is getting a very good price
Well I've added a few, should see a bit of a move today in anticipation of the mets next week. The question is when they land will we hold the gains? I suppose it depends whether the institutions are satisfied that they've balanced their positions fully into can't lose territory. Frustrating but not alarming that they do this as they're wealth protectors and are answerable to their clients. I'm hoping they've used this period between JORC and Mets to achieve that and they'll hold their trimmed positions for the endgame. Just my thoughts / guesswork but hopefully some kind of logic there that could be born out.
I'm still here.......backed off a bit as none of my predictions have come true, really hope the METS takes us back into the 30's
3v1, peel still controlling the ask, hopefully they will
Move off today
"Twitter", I would always invest on what someone says on twitter! LOL.
I would rather listen to the local ****head spouting carp, the local drug user and throw a dart at the FT shares page to see which I should invest in.........
Joking aside I researched a company last year for 5 hours whilst on holiday before investing and I 6 folded my cash in 3 months, because I didn't use any of the above...
That said as a LTH here I did get this wrong here, as I bought at a much higher price than where we are now but have managed to average down some what. Now just a waiting game I think, maybe as early as Q1 2020.
GLA
PS some great informative posts / views from the usual crowd over the last 2 days which I have enjoyed reading back on.
now, why aren't I surprised by the share movement today.........
could LRs plan be to complete the announced drilling and additional works in early Q1 2020, to increase/firm up the assets and then do an EUA type RNS stating we've engaged a company in order to commence a sells process .
Just a thought!
BB & SN: Please read what I said and not knee-jerk focus on two words. I researched this company a long time ago and bought in at the time, despite my reservations over the directors lack of skin in the game. Anybody who buys on a tip from whatever source is a fool. I believe what's really holding this mcap back is a lack of trust in their interest in shareholders other than as a source of capital. That's my opinion and other people have echoed the same sentiment. End of story.
I believe in the asset, not the management, and I doubt that the mets when they arrive (hopefully next week) will result in more than a blip. I may be wrong, but history suggests otherwise.
Wins being aggressive on the bid, tick up ton.026; peel still controlling ask, hmmm, looking for stock on the cheap before news next week possibly....