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Let them go, less irrational people the better.
Once lot pi,s break even will they think sod it bail out? As it seems we get the ****ty end the stick !! Esp getting in this low also ..
He said he has been delayed and really wanted to attend the meeting to talk about the reasons for a placing. I said that the discount was a joke but he said it was the best price they could get believe it or not. He eluded to doing interviews remotely today and potential reasons will be revealed as to the fundraising in the next 24 hours. More drilling to be performed and full mining license to be obtained...not sure what to make of it all apart from major disappointment.
Offering way over the bid now, currently with new shares £5M mcap £200-£400M resource value, keep it in mind all the time.
Fingers crossed bricksSA ...be nice see us pi get slice the pie ...
Yep....and it would have cost them 6 x more in a few weeks time.....thats why LR did'nt wait until after JORC ......
Wish I had more funds but heyho it is AIM !!!!! AFTER ALL....
Bought myself another 10M earlier had to break it down as it was NT, says it all really - fundamentals not changed a bit - ride the waves to a multibagger.
...and the dust always settles?
BUY and HOLD.....imo
TicoR we don't need the money for admin through to a sale. The money is for another round of drilling so either we won't have enough indicated in the JORC or the maybe the copper is just too big a prize not to go after. According to LR the JORC should come much sooner than previously guided. I do think the Directors owe us a conference call.
What about the Rns with nearly 15 day old information ?.
@Oiltap....did you see this in the RNS.....first time DB mentioned....ever....I wonder if there "sell" a few days ago has broken any rule of AIM ?
The participation of DBA in the Fundraising is therefore deemed to constitute a related party transaction pursuant to Rule 13 of the AIM Rules for Companies.
Oh dear. So we see yet again on AIM what adding shareholder value means . Great if you are a 'special shareholder' - PI s just have to deal with it, because we are treated as a lower form of investor life.
I guess we all knew they needed more cash it wasn’t expecting it quite like that. Starting to wonder if I will ever get back even. My average is 0.0087! And my largest investment.
If this placing, warrants and dilution is indeed for the long term benefit of ALL shareholders, and has been conducted in an entirely transparent, legal and morally correct fashion then the chief executive would not have an issue with saying as much...today.
Spoke to Declan at TP and he is confirming by calling back. Has anyone had confirmation yet?
I was also wondering if the copper has ironically caused us some short term pain here. We know that discovering it at depth was a surprise and they're trying to establish the link to the copper previously found in the shallow drilling. Really need some clarification from the Directors now because everything was pointing towards a swift conclusion to this story.
You're not wrong Bobby. I just want to get my hands on some
warrants.
Talk about golden tickets!!!.
Could be great opportunity to buy now IMO.
Just wish I could get the heads up the same time as others.
Well this is A.i.m .
Gla
I don’t mind placing a if they’re done for the right reasons but like most people on here I feel there has been some underhand dealings taking place and like many my investment has decreased by quite a bit. Having said that, I’m still hoping that this will come good. I’m sure I heard LR state that this wasn’t a lifestyle company so let’s hope it’s not.
Good Post Bricks.
Well at least I've learnt a lot more about this board and key shareholders. Any large sells in a few months time and we'll spot what they're up too.
I now also understand why DB haven't been so publicly active compared with their other investments with letters to the board etc.... which I expected.... they clearly have a private line.
Right I'm off to see some sunshine and wait for the next news
@Oiltap....
Now that I have taken time out, had a packet of fags, stopped hissing at the cat and calmed down slightly ..this is all starting to fall in place now.
Here’s my reasoning.
Lundin has first right of refusal to buy back in to Toral……
Source: https://www.goldquestcorp.com/index.php/news/archive/170-goldquest-acquires-spanish-lead-zinc-silver-project
Lundin is actively looking for new resources and would prefer copper asset followed by Zinc.
Source: https://www.reuters.com/article/us-yamana-gold-divestiture/canadas-lundin-mining-still-seeking-assets-after-1-billion-mine-purchase-ceo-idUSKCN1RR12N
So….in a few weeks we will have a JORC report that is “indicated” without Copper.
This imo will give the SP a huge boost and LR will hope by then we have all calmed down.
With the finding of Copper at Toral my guess is Lundin have asked EUZ to prove it up a bit more.
However I have no doubt the money from this placing is to continue drilling and to include Copper into the JORC at some point before selling or JVing Toral with Lundin. This is my opinion only and DYOR.
Yep they were running on fumes and I expected a placing.... but not in the way they've done it.
If they'd raised (with a small discount) at the price prior the db sale then I'd have been OK with it. Basically we've been somewhat turned over with this one.
Big chance now if you can top up at these levels...will slowly rise no worry no cry. GLA
it was expected but was hoping it would be after JORC and therefore at a higher price
Db have paid the placing price and played a blinder. They clearly see a weak board with a good asset so that's a positive.
You could argue the last placing was worse and the share price recovered. The same setup this time. Higher priced warrents etc. So if drilling etc goes well then should be a higher price.
Trying to put emotions aside on this one this am!