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With China getting into Spain in a Big Way .............. Timing could be good ............ Best Wishes ALL.x
In my Portfolio hopefully ............. Unloved at the moment from FCR days I guess ........ Tuck a few away ....... don't have to go mad at these prices .............. A deal will transform ............... Best Wishes ALL.x
Hoping to push on and hold 0.45/0.15 today please
<3
Well SASA is slightly higher in tonnage at 23mt than Toral (so far) but the SASA grades around 4% for lead & Zinc are considerable lower than Toral, as is the silver content. SASA Operating costs are very low at $760 /tonne, which is why that mine is so profitable. Even so, if Toral OPEX were , say between $1200 & !500 / tonne that would still give a useful , clean margin of $1000 /tonne +.
It seems quite unusual for CAML to have actually bought the SASA mine outright, given that they weren't a particularly large company in the 1st place (£200m or so), but they managed to do that with a loan from their offtake partner and by issuing more shares. It goes to show that any potential purchaser/ JV Partner of Toral need not necessarily be one of the mining Big Boys, such as Glencore or Rio etc.
To my mind, it seems even more likely, that the likes of international mid cap companies such as Lundin (mkt cap approx £3.2 Bn) or Boliden (£6.8 Bn) would be operating well within their financialresources if they were to make a similar £307m bid (or JV) for Toral. assuming all proved up satisfactorily in the Scoping Study.
To put that into context, with 5.6 Billion shares still in Issue at EUZ, that would equate to a price of 5.4p per share. Even allowing for £75m of capex (or $100m) to build the mine, that would equate to approx 4.1p per share.
Food for thought.
IMHO. DYOR. GLA.
Another tick up soon as only one mm on 0.14. two on 0.145
Ooooooooh Nurse - it seems to have gone up !
IMHO. DYOR VGLA.
And there it is. Momentum with us now.
Gotta be close to ticking up. Am looking for 0.2p Minimum before scoping study release
:)
Somebody was gambling on an announcement. Bought 1,307,135 on the bell Friday to sell at a £30 loss yesterday 3 hrs later.
Clear to me that people are starting to take positions for scoping study. Could be a bull run
After about 4pm i was getting ask of 0.155 for over 500,000 but might be just my broker. Whatever, a good day and looks like SP is on way back up.
Few more buys tomorrow should see a tick up as mm's are now sat at 3v1 on the bid side
Honestly, Ive traded a lot of AIM stocks and this one is a no brainer, the shorters, MM's, day traders and flighty investors will make any stock look volatile, but this stock has real momentum, you dont apply for mining rights based on bad test results, and in both the scenarios being postulated here (selling the whole thing on or developing it) we will, at the very least, see the SP double before Christmas. So ignore the day traders :)
I fail to see the correlation? Although I’m appreciating your username :-)
It didn't help when RNS don't display on this site
I always have a slight rise in scepticism when someone protests their honesty, explicitly or by implication... ;-)
With recent news and more time to gather information and hopefully the increace in tons or quality of metals i can say we will probably be glad the ss took a bit longer because after it regardless of if it shoots up the sp or not its gonna increace overtime!
Yep...Its been removed. Obviously trying to de-ramp and get his hands on some stock. Its tough being a trader now I guess with this share and imo will become tougher as the LT investors take control.
He said the exact same thing on Monday. Looks like it's been removed any way
Honestu youve said this in about 3-4 of my shares i think your just there to purposly deramp and not have facts to prove why! Dont say people have derisked so this isnt going to work! Thats not an argument you idiot if if wasnt going to work they would pull all there money out. A 19mt mine in spain is worth more then double current share price idiot!
I will happily stand corrected. After all plans can change with time and as I said the pod casts were at the start of the process after all. If it can be done by borrowing against the silver credits and without massive dilution then im all for that. Great things are afoot. No-one will be happier than me to recover my losses from CB's GLR catastrophe.
Yep. Definitely agree....why settle for a once off dividend when you can get a recurring payment annually over a number of years !!