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@Oiltap .....You were right !!
Concerning Deutsche Balaton Aktiengesellschaft holding, to clear up some queries:
1. TR1 disclosures are the duty of the investor and also how they execute the submissions
2. Deutsche Balaton have opted to submit two TR1 forms to be quite thorough in showing the beneficial holder (similar instances are seen usually with regard to larger companies with cross holding funds)
3. They hold 14.47% of Europa
Kind regards,
Laurence Read
Executive Director
Cheers Oiltap still learning, yes Bricks amazingly similar figures who'd have guessed with this lot.
NPV is $110 m and CAPEX $110 as well...... :-)
Looks like they’re messing about with the sp again just bought two lots 6.23M at 17.4 and 5.8M at 17 - let’s see what happen. Happy to top up now we’ve started drilling.
NPV $110M v CAPEX $110M, should this not read NPV 1.1B v CAPEX $110M.
Not the 1000M drill depth i hoped for but deeper than previous, hope to intercept much more copper or ????. GLA.
Strange deals taking place.... If you selling now you are one of three people....either a trader ....or an idiot....or both !! Lol .....an Irishman taught me this !!
Get ready
Showing now !
GreAt news flow with regular updates to come now . Euz not showing on top risers for me ??
Within these notes they again emphasized the economics.....good stuff looks like a few lessons have been learnt by LR and BOD.
RNS - news flow has returned. First 750m drilling started.
Should be done soon
Needed .
We all know the current NPV which is actually for Nett Present Value is $110m (minimum). I state minimum as it was done on a JORC of 16m tons. We know the resource is bigger than that and will be proven within the next 2 quarters as per last RNS. So this being the case the current SP SHOULD be 0.0070 !!!
Anyone selling for less needs their head read !! You think the bigger players haven't spotted this anomaly ??
They must think we are all idiots !!
......and I wish them ALL success.
Same here, remember buying these 2 years ago and that's flown by. But added lower and at recent levels to reduce my average, probably got about £25k tied up in this which I will get back and some!
Other people have got substantially more invested..
Gizzard, fair play to you but I'm just looking forward to the day when I've got my dosh back - from here and FCR.
I never saw it....but it looks like everyone is holding their nerve...We just need to keep it up and we will break up their game !! Hold ...STRONG !!
This went into Auction earlier this morning for few seconds 20/20 did anybody else spot it.
Maybe there's another large purchase going through and it briefly spooked the MMs. I'm looking to the day when I'm sat on a small fortune.
Yep I agree...should be slow movement up every week... as long as small investors hold their nerve.... they will be well rewarded. Also as Toral is EUZ's last asset I don't expect a selloff....This will be a mine IMO and it will be either via a takeover or a JV. I cant see EUZ selling it off otherwise they will have to close down effectively after the sale and payment to share holders. I am leaning towards a takeover at this stage....and it can happen in a number of ways...the current scenario being played out one of them.....
I totally agree. The drop in s.p yesterday was part of this price game being played Imo and the motive was to get people to get nervous and offload.
All costs for this venture so far have been absorbed by the long term share holders via dilution.
If a big mining company get hold of this asset at 5 times the s.p value it would be a bargain.
The good thing for all holders at the minute is that the majority of shares are being held by a lot of individual p.i's.
Even if the big boys are trying to skim the cream at these low levels - even with delayed Tr 1's it wouldn't be possible for them to get a major share holding without affecting the s.p in a positive way Imo .
Gla
Here's the scenario we are in ....hence the games being played...
Certain key large players in the industry have caught a wakeup that EUZ is now cash flush and drilling to move Toral their primary and only asset from inferred to indicated and are busy with this process.
As with any exploration company...the risk of investing in them will be radically reduced once this happens. However one needs to be in the game when this momentous event takes place as it effectively re-rates the SP radically. This is when the sling shot will occur and NOT before then IMO... Hence the current situation is that the SP is being manipulated to allow these big orders to take place and for the bigger players to get in at the right price. It appears that certain brokers are buying and selling to each other in order to keep this price down and hoping to scare smaller investors out..... THis is my opinion only but do your own homework and IM sure you will come to similar conclusion.
@Oiltap... I forgot to mention....LR is still not off the hook as my other question was unanswered...so I went again.
Thanks Laurence for getting back to me....
One further question however has not been responded to....
Why were 2 TR1's issued for Deutsche Balaton and released at exactly the same time ?
And what is their % holdings in total ?
It appears to me that the RNS was done after hours yesterday to hide away the info as much as possible. Why not release it this morning, instead of sneaking it in after play.
Something brewing here, the big question is do you take profits from elsewhere and sink it in here to lower your average.
@Oiltap.....It appears that the 2 x 340m trades are related to the TR1 of yesterday....I received the below response from LR last night....
Our nomad has received the tr1 in question and it has been released to the market a moment ago.