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@Shed....your exactly right.
It's also worth adding that D.B have totally de-risked, which means they could sell any current holdings at a loss and still be in profit.
Gla
So we are expecting the updated JORC in the next couple of weeks. It would be great if we could now see an outline estimated project schedule for the next few months too, e.g.
* expected start/finish dates for the additional drilling project
* expected dates to receive resultant lab results and further updated JORC
* expected dates to submit and receive the mining licence that was slated for 2020
Perhaps we won't get this, but I do think it would be useful to help improve investor sentiment and confidence after the last few days of angst ?
I think second guessing what DB may or may not do from now on may be trickier than it appears. So much depends on the JORC and mets. With an indicated resource and proven economically mineable products any further financing if required becomes a different game.
Yes MenoMosso let's hope it works for us! .
Gla
Bill, that’s exactly my thoughts, and I am in the same position. Fingers crossed.
@Bobby. Regarding your sell off due to the "best we could get" comment.....I do think that that comment from L.R is definitely negative, but it does tell us p.i's that the Euz board have firmly put their eggs in D.B's basket.
By following the rough timing of D.B buying/bailing/buying (and some averaging down) I have managed to only be 40% down (I was 90% down) , but have 50% more shares.
Therefore if D.B can double bag this time I'll break even.
I'm hoping D.B's crystal ball is working like it has over the last 6 months to take me into profit.
Gla!
Nice one BB
My memory obviously isn’t that good after all. Sorry :-(((
It was gold that he said to get out of your head as I remember, not copper
I watched a vid with LR giving an update a few weeks ago. In that interview he said “ I’ve been warned off” and also get copper out of your head. I don’t remember exactly when the interview was but for some reason those words keep coming back to me. Their relevance I’m not sure about, but someone definitely had words with him prior to that interview taking place. I hope he gives another update soon so we can listen very carefully to his words and maybe read between the lines Good luck
Fair enough and I won't be asking you to join me as founding members of the LR fan club just yet! But if the 022 and 023 do give us the indicated then 023D will be recognised as a the genuine bonus it is. I also think news of a drill designed to explore that copper will help reignite sentiment.
Thanks chaps but I'm not upset, just making observations about how the conversation is completely destroyed by swings in sentiment. I do agree that DB's manoeuvres have hurt the PI but everyone's blaming LR for their shrewd strategy. Once we get our indicated the boot will be on the other foot in terms of funding.
Shed, the moaning is borne out of frustration I think. No-one ever expected to be in the position of a loss. All the hype was that we were going to make money. Clearly everyone now appreciates that there are so many different angles from which the bad news can come from and since like most of us, all sat on sizeable losses it hurts IMO
It's just the psychology of investing - the wider markets don't help which LR alluded to with reference to the placing price. I've noticed when this is rising most threads are about the reality of the asset, when it's falling posters start bemoaning their losses, plus the inevitable gloaters turn up to take their peculiar fix of sadistic pleasure, in short it turns ugly and irrational.
Had alert on webull popped up at 34 strange o well ....
Whats going on here then 0.034 ? Gka
Late last year the SP hit 0.17 pence approx........I got out at around 0.15 pence........just before the LR debacle with ASX delisting and with the 100% dilution........then the SP took a battering down to .012 pence. I came back in at 0.019 as IMO nothing in the ground had changed and in my view the SP should have reduced by only 50% approx........so should have been sitting 0.085 pence roughly. We now have another 30% dilution on top so IMO we should be sitting around the 0.057 pence at the moment. Obviously some sentiment has been lost with DB offloading however DB have bought back in, and they took full advantage the last time, plus we now seem to have a better "in ground" situation so IMO I think we will see the SP rise in the run up to the updated JORC. It may not do the six bag that it did from 0.012 to 0.072 pence......who knows..... however I will be watching closely so that this time I can benefit. So many times I should have taken profit and did not. GLA
DB know what’s going on that’s why they reinvested
To be safe your average needs to be lower than DB, although a return to 0.015 is not out of the question given current sentiment.
The issue is what is low......
50% down so far it better come good eventually
Well that’s another day done and dusted. I wonder what calamity CB, LR or DB can inflict on us tomorrow. I think all of us on this bb have had a torrid week so far, especially those on here that have seen worse times. I just hope some of you more knowledgeable posters can read the tea leaves properly and see when some good news is about to hit so that we can have some relief. Good luck tomorrow
The Roman gold was a wonderful thought, but to have found Copper is equally great. I hope it will go from a trace to inferred and eventually indicated.
My only stock trading up is a golder (and it's not Las Médulas PLC).
The FTSE 100 is having a very bad day so it's not just AIM.