The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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My take is that when OIltap mentioned 3-6 months major money to made, people think the SS will have no bearing on the sp, hence selling.
I believe the sp will considerably higher than this post SS and in 3-6 months it will be heading into the pennies 3p+
I wonder if Larry will "Pop it in" , before the month end - just to show willing ?
The current market is pants in everything. Risk is off the table for the Pro's. However, these situations always change, usually when peeps are most depressed.
Don't see that delaying the SS helps anything. Just get it out and we'll see wot it says. It is wot it IS and if it's good then 3rd Parties will be interested, regardless. The converse, if its bad.
IMHO. DYOR. GLA.
Even when this was down 15% it's still my best performing stock in this market. Most of mine are down between 25-50%. Unbelievably punishing market, which its why I'd advocate holding off publishing the SS for a month or so until sentiment has improved. Perhaps just release some extension drilling results in the short term (to support the SP) and then delay under the premise of incorporating those results into the SS.
I was joking about emails but odd how SP is now down almost 15% today with bid 0.00096 and now need a 50% rise to get us back where we were a month ago.
Could be the usual drop before news.
Don't think it's about the emails
It's more about not having a definitive answer of when the scope is arriving, since we've missed the by q4
Well talk of emails has caused a bit of a sell off - 10% down today. Currently 0.1000/0.1075
I interpreted it as, "If Carlsberg did scoping studies..."
You guys have just made my day :-) and hopefully a fortune...All very good info....thanks for sharing.
Agreed that this all sounds very positive. My only criticism is not with regard to the exact timing of the SS, but rather the communication of the timing. I would prefer that they communicate to all share holders that a lot of effort is being put into the SS, and an additional update will be provided at latest by end December. If the SS is out then in October/November or any time before December it's a bonus. Even though a delay in finalising this may be to the advantage of shareholders generally the market does not appreciate uncertainty and missed timelines.
Their mcap is £33m ours is £6.5m I’d be happy with 5 bag for starters
Saw that martina. I think it was more to do with the announcement on the 25th that they would relase the fs. That I think was a sell on news.
But yeah that did make me cringe.
Expecting the SS to drop this week, can't see it being any longer. I'm sure he said another couple of weeks just to make sure of the study results.
Well I hope that when the SS DOES finally come out, there is a better SP reaction than the one to HZM's BFS, released yesterday !!! Brutal !
IMHO. DYOR. GLA.
If you look back on the thread a couple of weeks you’ll see some answers to this question..
Actually sent him an email subsequent to your post.
Was very surprised to receive a timely and friendly reply.
On a question related to the expected timeframe of SS release his respons was:
"we expect release very soon."
....friendly chap.
Replies every email
lread@europametals.com
This is most probably a fruitless post/question as there are to many variables involved. Does anyone have an expectation of realistic share price, or willing to reveal their hope for the revised share price based on information that is currently available? Variables left aside, would you for example sell if share price increases by 100% or 200%, or are you hoping for this to be a 10 bagger?
https://agmetalminer.com/2018/10/22/global-lead-zinc-demand-forecast-to-rise-in-2019/
http://www.ilzsg.org/pages/document/p1/list.aspx?ff_aa_document_type=R&from=1
Outlook looking good
Thanks Oiltap, your detailed feedback is much appreciated.
Different metal, I know, but has anyone seen the HZM BFS out today - absolute "Stonker" - shows how a Pro BOD deals with such things.
Lets hope that EUZ and Toral produce a similar result, with similar prospects. It has all the potential and has also got to the current stage with no debt, offtake partner, royalty stream or pre-arranged financiers - like HZM, so that is still all to negotiate in a positive Zn/Pb pricing environement.
IMHO. DYOR. GLA.
IMHO. DYOR. GLA.
Been following this thread and share with much interest, and hopeful. What is required or what are the likely phases required for share price to rise, should this work out as we hope. Will the release of a good SS be enough for share to rise to it's realistic value, or will we only see a small increase, and then have to wait news on funding or possible purchase? What's the expectation for the road ahead?
No problem! I’ll be back posting when news lands...
I hold my hands up, apologies!
And yep youre right - its all about the Scoping Study!
Glad you clarified that - was just speculating because you went very quiet :-)
Quindell your not the 1st person to question why I’ve not been posting and the answer is simple... SS delayed deramper all arrive I have no interest in posting to entertain them I find if you just ignore them they go away which most of them did the fundamentals haven’t changed but until SS lands there is nothing to post really me posting isn’t gonna get the SS here any quicker....