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I’m pretty confident it will be this week. Time to get nearer the 0.04 rather than the 0.03
Wake up on a Monday, I check lse to see what's happening with EUZ and find zero posts on b.b (And still no rns)???
yes i'm expecting a good week. JORC should definitely drop this week so i can see momentum building. Mets a weeks or so later too.
Should bring more volume and higher prices for all.
I am working today....so will be following the rugby on my laptop and will watch a replay later. I think it does constitute a PFS. This is my opinion only...Im sure Oiltap can clarify for us as he is very much up to date in terms of these processes and procedures that need to be followed.
Oh sorry Bricks I forgot about you - are you watching the rugby down there? I must admit when you study the SS it does read like a pre-feasibility study, to the layman anyway. Do you know if feeding in the (hopefully) indicated resource and metallurgical work is enough to constitute a PFS or will it require another round of independent work?
@Shed...The Scoping Study already has the required detail and business case for a mine....So my take is...the pre feasibilty study is in fact complete...and it is very very detailed,complete and makes compulsive reading. So with an indicated JORC for lead zinc silver and the further possibility of Copper....the risk is minimised for any buyer already. Having said that offers could come in with a proviso clause of "metalurgical results being positive"....I am not sure but it is all conjecture. One thing I do know is that the bigger players imo are already sniffing and are lined up. No ways this is still "under the radar"
Immediate concerns of the sell off have been alleviated by seeing mms taking chunks of sells. At the start of the week when the sp was .36 to .38 they were taking smaller volumes. This demonstrates to me that we were oversold. Reinforced by bigger premium buys Friday and Monday. 14% drop from a small exercise of warrants was exploiting nervous holders. Holders that should not be in a £5mil Mcap company- the spread is generally 3% no wonder they scare easy
Agreed Lloyd. No way the sp will be this low unless they find sod all resources in the jorc. Amazes me the punters selling out at a large loss the last couple of days. Takes all sorts I guess and no wonder so many lose money on aim.
jorc approx 4 weeks. mets are 8 weeks (as in sept rns) so if jorc significantly upgraded we could have a bull run up to the mets data release. That is the plan anyway i hope.
Once the jorc is released which I feel is next week the market makers will mark the sp up locking sellers out. Indeed if you do see large trades after hours in a few months time you are right in thinking a placing is being forward sold. One thing for sure the sp is ridiculously cheap at the moment and an excellent entry price
I'm not sure Bricks - they'll want to see the Mets IMO. Without the economics there is still the risk that the project might not be viable. Personally I think we'll have to shoulder that risk a bit longer but the potential rewards will all the greater for it.
Yes I think your tight as soon as you see the after hours 100 mill trades then ss the time to bail if you time this right you can make money till they get the proven results
BricksSA, I sincerely hope that you are correct, and I believe that you are, however there are nagging doubts still churning around my (simple) mind...
Some large investors have been very successful in selling high and buying low -in large quantities, if you add in the obvious opportunity with warrants then why could our current situation simply not be repeated. The BOD continues to draw salaries, the asset becomes more accurately proven (with yet more drilling )thus increasing value of options, the only losers will once again be our dilution.
This is not de-ramping, more about analysis of my Continuing investment on a wet weekend! Sensible thoughts appreciated...
Yep...Im also sure they would like to convert at a higher price....but my gut feel is that they will have to convert before JORC announced otherwise they could be left behind in the pot as "unexercised" warrants....If EUZ is either sold or JV'd which imo is on the cards straight after JORC announced.
Incredible to see the share price as low as it is now on the eve of a transformational jorc due early next week. With copper shows indicated in last assays this mine will be worth billions of indicated resources. Meets to follow. Managed to average down further yesterday but those who bought in or held should see a significant return on their investment. I am sure DB will want to convert higher than this price
Devils in the detail 0.0035 0.035
Yes it was. I was offered 0.0365 to sell 30 million around 11am Tuesday. I even posted on here such
It was never that price on Tuesday...
I was never that price on Tuesday...
So do I herts
0.035? I could have sold above that on Tuesday. I want a lot more that that.
0.0035 would do me....
that if you believe in your investment then do not get aught up in all the daily noise on this board.
The potential is there for all to see........
$2.6b in the ground
16.6b shares in issue
assume 95% knockdown
SP approx 0.65 pence
Worth the risk IMO ;)
For sure this share is not for the faint hearted. Over 30% down at the moment. Did take a few this afternoon Hope sellers get caught out with 7am jorc on Monday and pay premiums to get back in