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My buy is not showing up yet for some reason. Hopefully a steady rise this week in the run up to delisting from ASX?
Right that’s my top up done. Which has brought my average down to 0.087 from 0.114. This is now my biggest holding based on initial investment which is 35% of my pf. Come on EUZ let’s do it.
I've done that today r2. Bought a million extra and now holding 3m, reducing my average in the process from 0.12 to 0.092p.
If I get near parity I'll sell them all (needs must).
Good luck to all and especially the PI's with significant holdings.
I think I might do a small top up to average down a bit. After which I would be 50% down and needing a100% sp rise rather than 200+% that I need right now. Should hopefully delist from ASX on Friday/Monday as per RNS. Then I guess the SS will be re published with meaningful data which will be reflected in the sp? Any guess how much the sp should go up on news? Surely it won’t go down further lol.
Bricks your holding and mine added together is circa LR holding, so yes substancial
@ Filter
LR has a total of 136 413 043 shares which equates to owning 2.44% of EUZ
I would say that is a rather substantial ownership.
Yep....MM's = Market Manipulators....If you believe everything you see then there has only been 1 buy since 22nd Feb !!!!
My buy showing as a sell
I am a firm believer in that the business case will always prevail....WIth LR being relaxed the way he is by all accounts I have to make a few assumptions...these are as follows:
1. The NPV will be released in the SS as soon as possible. ie on Friday sometime.
2. A JV partner is already on board and can only be announced once the NPV is officially released so as shareholders can vet the deal.....
I suspect 2 RNS's on Friday will be released......This is my opinion only but a very likely scenario.
Haha me too Nige!
Myfirstmillion. I hope your a good omen with a name like that !!!
Conversly if we do get a joint venture partner this is going to absolutely fly! LR doesn't have the air of a man panicking...
If we don't get a jv partner, this is going to absolutely tank the sp. Given the amount of zinc, silver and small amounts of lead we have, I am hoping this is a non issue. Fingers firmly crossed.
cheers corkey
Gone through on NEX mate. https://www.nexexchange.com/member?securityid=2074809
another 11 009 748, not showing.
There are some very healthy commitments between us, and concerns are justified, but the asset hasn’t gone anywhere. Delisting was always going to be expensive, and unfortunately became necessary when the money could have been spent elsewhere in far more imaginative ways. I still feel that we are involved in an exciting project that has a huge potential. From the outset I decided that this was most probably going to be a particularly rocky road, but one with outstanding opportunities..so far that seems to be a fairly accurate assessment....gla
Numpty
oiltap, again very true but will the market react knowing the state of the finances or is that a part of plan A B C? or was it a last throw of the dice?
We will see shorlty
GLA
Hi Nige, Numpty & Bricks like you I have been in since the JT FCR days with circa 18M shares at an average of about 0.18, so am sitting on some pretty big losses as it stands. I only hope that the delisting from ASX is positive and we have potential partners sniffing around with deep pockets. Raising funds at this price in the current market would be terrible . Fingers crossed on this one and my other AIM holding srsp. GLA Verbs
Sorry Guys if my last couple of posts have been a little negative but rightly or wrongly I do have concerns.
Numptypi, I think you are probably 100% correct with your last post but lets hope the market reacts accordingly.
BricksSA, I am also a large holder at just over 0.52%, so I obviously researched thoroughly before investing such large sums.
I have been here since FCR days so I am an investor not a trader. Lets hope next week we get aa good rise into news.
The assett remains the same I know, the question is how do we bring it to realisation. Just lets hope LR and CO have the answers we need.
Thinking positively, there will have been 5 weeks planning ahead of next Friday. I fully expect interviews, podcasts, tweets and rns wordings to have been VERY carefully considered, in order to maximise the opportunity. We will finally receive the full ss details, and hopefully updates as well. The institutions that have been made aware of this information are able once more to trade. LR can then proceed as he wanted to in what feels like an age ago.
Numpty
I also trust my own research....hence owner of 1.5% of EUZ.
BricksSA, I along with many others hope you are right but i have my concerns
ATB
On the cash side...the way I read it is the estimated spend for 1st Quarter 2019 was 490K They had a credit at end of Q4 last year of 362K.....so come end of March we will have a negative 128k balance in bank....
Not a huge deficit if you consider the NPV will be known by then....my guess is about $180M .....I am relaxed :-)
The possibility also exists to raise finance without additional dilution IMO based on the NPV alone and EUZ's stated intention of taking it to full mine. They certainly have the skills on board in Jesus :-)
Hindsight is an exact science....
NPV should theoretically be used to determine the current value of the SP with or without money in the bank IMO.
However I hear you :-)