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Call me a cynic but are the market makers putting most of the large buys through NEX and sells on LSE. A 24 million buy at 0.041 on NEX gone through
Looks like another good buying wave needed to properly break 0.04
Yep. Can now buy 0.04
Moving very freely...
Now NT to buy at 0.04 in any decent quantity
Sea of blue so far
Expecting a very healthy blue day here as people take positions before jorc. Won’t be many left sub 0.04p. Twitter awash with #euz talk
Gonna be a good week here I reckon...
As we gear up for the jorc RNS bear in mind market cap is a pathetic 6 million and someone bought 275million shares at a premium on Thursday. That someone is confident of a decent rerate to more sensible levels
0.05 be good to see it printed in the next 48 hours
For a £6mil Mcap company will be a company maker. Lender no longer selling should definitely see a rise regardless on the recovery alone. Jorc should see recent highs paid. I rode euz from .018 on a sheer fluke punt by following tiny Mcap companies with news due. Sold out in the .05 and .06 rises. I’m in at .35 for a push over the .07s. Could do with jorc after the 23rd for maximum benefit. Will be over .04 from seller below 3% regardless
Source: http://www.europametals.com/site/PDF/2032_0/CommencementofToralExplorationProjectWorkProgramme
Will be very interesting indeed if this follows through to the JORC update and is included.
H74
yes twitter having quite a buzz on lender seems to have almost/cleared so expecting
a big recovery play into news which all expecting before the end of this month don't
really know much of how charts work but those posting such seem to think we are
in for a very big bounce.
Holding 35 million of these averaging down a fair few a couple of weeks ago at 0.024. Still 12% down averaging 0.0425p. Hopefully next week to be at least 50% up. I notice twitter activity has increased since the holdings RNS Friday
digging........it looks like markets across the world look at inferred, indicated and measured differently in terms of value..........London seems to place not much value on inferred.......but does place value in indicated.......whereas in other markets its different..........one example was London saw a value of 3.78 inferred but 80 plus indicated in ground.......quite a jump........not saying this will by any means happen here but it was an interesting read.....just have to wait and see ;)
Personally hope the jorc is mid week to give time for the SP to build
Replying to myself, first sign of madness. Just to say that wasn't directed at everyone, I'm sure there's plenty of people way more informed than me but I find it strange when some posters seek information readily available by sounding out a BB. I admit it was probably a scurrilous poster but didn't someone say a couple of weeks back that they chose not to invest because they hadn't received sufficient encouragement on here??? That's weird.
Of course there is no guarantee how the market will react to the JORC or mets but yes the metallurgical work is critical to proving Toral as a viable mine. As ever I suggest you go back through the RNS's to understand what it's for, also the WA website helps to get an idea of what they do but very briefly it's to define the economics of how our products could be actually extracted and marketed. Anyone in doubt about the significance of the mets, this from CB (after talking about generating an indicated resource), "More importantly, a 58kg core sample was retrieved for metallurgical testwork, as per our stated campaign objectives, which is currently being undertaken by Wardell Armstrong LLP in the UK".
But this WILL spike on the smell of a buyer, and god only knows by how much.
However, your question I think has been answered already, on many different ways over the last week by lots of posters. My own opinion is that its artificially low right now, so a good JORC will bring it up to a more realistic value, which has to be well above .1 IMO. good mets, of course, copper credits (for example) would double/triple it from there, depending on the market thirst for mining shares. EUZ aren't good at keeping shareholders interest, but I think my predictions take that into account IMO.
10Bag, I thought you said you weren't investing a week ago because no one on here was willing to bet their lives on it rising....
Someone should check Zak Mirs charting to predictions to reality. ....they are really not worth much in my opinion. The fundamentals are key here.....Generally a good JORC can result in a 50% move upwards. So my guessing would be we will reach 50......if the share catches the eyes of other investors we could see a run back up to 70 where the SP was a while back. My fears are that the CEO does another raise into strength....we have to bear in mind that are far from turning this mine into reality and cash is being burnt everyday.
Is this always the case? I’d be interested to know
lets see 0.05
I agree. Here’s to next week