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People starting to take positions for scoping study
I agree with quindell. Currently also invested in bzt and thats the only problem they have is location. EUZ if the mine size increases to say 25mt+ i personally think will be sold before end of 2019 imho dyor.
Majors want and it’s the only reason I’m here - nobody wants a £1 billion NPV in the Congo with uncertainty.
That’s why gold resources in Australia are valued at $100 per ounce in the ground and some in Africa are $1!
Stable countries - no uncertainty, no risk, good asset, good metallurgy, reasonable size - they will buy, build the mine and use local infrastructure and smelters.
No brainer! Mine worthy projects it’s as simple as that.
Good metal prices leave majors with cash to use...... Toral fils that void
Here for long term, general trend is up - yes little pull backs here and there but let the asset ride put with the news flow. We have cash to keep going and have things lined up to do.
Looking juicy
Good posts here the last few days and the odd clown. Let's hope some news comes our way soon, ie, drilling update etc and this could explode before ss. Warren Buffett is right brooko. Just a tick in time and we will be quids in IMO. Just need to keep a level head here and patience is all that is required. Euz a well run company now, and i would agree with what many have posted here about 3rd party interests, so it is all about the end game, not the daily charts. GLA
1mill trade in gray a buy, tried to buy 2mill at that price but no chance GLA
.03 after progress would be a good springboard for SS
Get back to .15 to .16 before the ss would be nice
I can sell a lot but can’t buy.....
LR has not delivered on time just this once don’t forget that he’s been on the money every time and the evidence is clear in the updated JORC so it’s not like he’s given a bull excuse people just need to be patient the SP is consolidating nicely and we’ve washed out traders and welcomed on board new investors around .125-.135 which will help the rerate be a lot stronger!! I was in VRS @24p and it went up to 50p then dropped for a couple weeks to 35p and I saw all the derampers etc but I was confident It was a gem just like here and look where it is now...(I sold at 90p because I was happy with my profits) I have the same confidence here DYOR research in every company you invest in and then you won’t pancic buy or sell because you won’t be swayed by rampers or derampers!! Ask yourself why has this dropped has anything fundamentally changed?! No just people being inpatient and mms taking advantage!!
And remember this quote from warren buffet it’s so true
“The stock market is a device for transferring money from the impatient to the patient.”
Or is it that we are pre ss having fundamentally re organised (and promised updates haven’t arrived.) Once you have been caught out with other projects it’s not unreasonable to be a little jittery.
Don’t imagine I am attempting to talk this down, in fact quite the opposite, but when expectations are not met, your hard earned commitment can feel a little more vulnerable.
I agree with you they shouldnt of done that but that being said its a19mt resource in spain that has potential to grow after extension drilling or drilling deeper. I think people wanted the hear and now and not the next week. I guess traders need quick results
Or it is because the BOD put unnecessary pressure on themselves by releasing a target date for information and failed to fulfil that promise. Depends which way you want to spin it, I guess....
This fell purly because a load of people decided they didnt want to wait a few more weeks for an ss. Tbh its a good thing they sold because we have buyers buying up a .12 probably higher then the sellers original raising the base on this stock
Will all be winners. Better start this morning.
I checked all MCAPS for EUZ on all 3 stock exchanges at 01.30am
11,150,000 Aus $ = 6,176,718.23GBP MCAP for EUZ in Australia
67,306,290 ZAR = 8,972,184.75GBP....MCAP for EUZ on JSE
Market cap for EUZ on LSE = 7.11 Million GBP
So lets assume Toral is sold tomorrow...who wins ????
Or could it be...highest level......again...we are dealing with a company listed on 3 exchanges...think again :-)
Again....depending on which country you are in....and which market you operate in the MCAP is vastly different.
This will no doubt be used to the detriment of SH's at the lowest level when deals are struck.....IMO.
Think about this......
In SA on the JSE .....its worth more than the UK ...trading at 3c a share....rock solid....hit 4c the other day...check.
In OZ steady at 2....hit 3 the other day ....check.
In the UK.....worth what the day traders deem....check.
I agree John, although I do think Gizzard was referring to an update rather than SS tonight as LR said there will be an update this week on the podcast which I think will be on the extension drilling maybe towards the end of the week though IMO
The only thing to add is go a bit easy on the update tonight part. LR got caught out with his Sept date and has said by the end of Oct. He is waiting on lab results which may get into the updated SS. That would be a bonus. We are paying the price now for the Sept date as the rainbow chasers shuffle about. Good great or excellent is about to happen but probably not this week.
With progress news this week followed by a substantial SS, I believe there is going to be growing interest around Toral, LR has given us enough clues without being accused of insider info.
There's just too much info already:
Increased size, tonnage of grades todate
Market cap miles too small compared to peers
Ongoing drilling campaign
Safe country with history of encouraging mines
Infrastructure in place
Solid management team
Third parties taking interest
This price won't last long, we may even get the update tonight.
GLA
The end outcome no matter how clear will always have people doubting this is the case with euz
Short term pain long term gain yet again
Gone through NEX & LSE trades - far more accurate trades are 54m buys & 57m sells
Actually buys vs sells (don't want to mislead folks)