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It goes up or gets paid in a divedend
If bought where does the price go up...or down?
Euz like many other aim companies is just another company where derampers who havent invested or have no clue attack. The impatient have pulled out let them i wont a share that sticks to its investors if this takes 2-3 weeks longer to see an ss so be it.
Well, they still had over A$1.2m at the end of June 2018, according to the Finals Statement today, So I shudn't think a placing is needed , or imminent, given that MC knows how to conduct a cost-effective drill programme.
These SS and FS Study programs do have "slippage" and that's wot we've seen here. You shudn't promise exact dates though - perhaps LR will learn from that experience (JT didn't). You also shudnt respond to endless probing from people like Justin Waite either. You just say "Wait for the next RNS" and leave it at that.
IMHO. DYOR. GLA.
Agreed Oiltap, looks like a "For Sale" notice to me.
I shud imagine that interested parties are currently being politely escorted around the minesite as we speak, followed by Tea & Tiffin, and a nice glass of bubbly !! Ever seen the film "Local Hero", think Denis Lawson and Peter Reigert/Burt Lancaster, scene. "So you'll add $20m for the local cinema then ?"
IMHO. DYOR. GLA.
Does anyone care what JW says as I would rather listen to the CEO.
I'm not sure you are correct there for certain, Justin has actually said that he hasn't de-risked in Euz yet - it was Pete who said he had, and thought that Justin had also. From what I read, JW is holding for the long term here and making an exception to his normal rule of de-risking at 100% (which is hardly selling out or not an astute thing to do, is it?)...
Followed by the main course, should be a fascinating couple of weeks in anticipation of the SS.
Optimising all the data old and new to get the best possible result. Like LR said there’s no point rushing it at this stage.
Wow you that desperate to get back in already but you struggling for funds muppet!! I’d be more worried about the amount of serial rampers you’ve got over at OMI ps carry on posting here and I’ll quite happily start posting over there.....
You need to get a life. Sold out and lonely and only thing you do all day is post on BBs
Quiet here will the last one to leave please turn the lights out.
jW and mates derisked BTW
He is ceo of bzt so he could be in spain, Australia, argentina or indonesia mans got so many mines and places to be no idea. Australia because of asx.
Interesting that at 29:30 LR chuckles "so many timezones". Wonder where he has been then. Sounds like the SS will also benefit from the additional lab testing that is currently underway. Better grades? Other credits? Interesting October to be expected.
They had little more cash yes and I don’t know about the sticky shares. But when you see we have roughly double the tonnage at similar grades and less than half the market cap at the same stage of exploration you would think we would be a little higher than we are.
Thats good however did they have loads of money in the bank. More shares bought up? There could be a few reasons for that i just know at the minute we have a lot of shares in float so they need buying up to get this going in the direction it should be which is north
The market cap of energia minerals(Alta zinc) at the time of scoping study in March 2016 was $29m. The main asset was the Gorno project which at the time had similar grades of zn+pb with 7 - 11 mt resource. In comparison we have a much larger resource and a much lower market cap. The crazy world of AIM.
I think market cap by christmas 30+ million if not already jv or bought out completly
Oiltap - exactly my thoughts. It’s all there in plain sight. Remember we’re £8m mkt cap now, we’ll be significantly higher by Christmas and I do mean significantly. All IMO.
Thanks Brooko
Someone bought the whole company!!! :)
It’s crazy how the market cap is around 7.5 mill
Sorry 10 mill shares not ££
£10 mill trade showing as a buy
Okay 100% speculation but such a sudden change in tack, could it be we have interested parties that want the SS data to themselves for now. LR has hardly made it a secret that he is courting suitors in the interest of shareholders so it's not such a stretch, though would it have to be publicly disclosed? Interesting though.
I’ve listened to today’s podcast a few times and without doubt take it positively. Essentially, because of all the extra resource and the desire to be as robust as possible with the data they want extra time to include this new information in the SS.
More importantly, and this appears to be fundamental to their decision to delay, I get the impression they want to almost go beyond a scoping study and produce a document that looks particularly palatable to investors & potentially, more importantly, buyers. Optimisation appears to be their key aim, hence better NPV & IRR numbers, which appeals to both those audiences.
Key quote, “Do we just say, it’s a scoping study, it’s just a first pass or do we look at things so we could really determine what’s the best, best way of approaching this for people who might actually want to put money in it or buy it or help us develop it, not just a theoretical exercise in what rocks go where”.
They’re therefore fundamentally changing the nature of the SS from the traditional ‘first pass’ look at the project to something more akin to a pre-feasibility study with the intention of making it more interesting to buyers.
That’s a fundamental change in approach, which I see as positive. It’s likely to be a blinder of a document.
Plus whilst that is re-worked, the drilling continues.
Progress update next week and LR said that SS will be “done by October”, so he’s leaving himself the whole month.
That quote though says it all IMO; it’s not just a SS, it’s an advert or more likely, a ‘For Sale’ sign.
Exactly. And when you look at the trades there isn't anything big there so far. Maybe just the one for £9K. It reflects the small free float. Hopefully we'll get the all clear to publish next week then see what happens.