We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
You can see the spread in all these so called sells .. looks like .0505 -sell .0515+ is a buy
Yep.......Find it hard to believe that since 14th Dec until now....only 2 buys....the rest all sells??
They have committed cold hard cash it’s in the accounts if you read them. For that cash they are given options as an incentive.
Seemed a good price to me now.
My 2 mill buy @.519 is showing as a sell.
Yes I see....someone estimated along the lines that only 20% of the licensed land rights are included in the JORC....
This is very interesting and a good question....if this scenario was modeled in the the SS ?
I would imagine for prosepective investors it would have been ??.....Cannott however be certain until such time as we are lucky enough to lay eyes on it ....;-)
Yes I see....someone estimated along the lines that only 20% of the licensed land rights are included in the JORC....
This is very interesting and a good question....if this scenario was modeled in the the SS ?
I would imagine for prosepective investors it would have been ??.....Cannott however be certain until such time as we are lucky enough to lay eyes on it ....;-)
Funding for next phase is a given...I agree...On the innovation side possibly a scenario to consider....the placing will be done at a far higher level than the current SP as the Scoping study with financials will be shared with the investors.....
You think this is a possibility Oiltap ?
Another possible scenario is forward selling of some of the resource....highly likely IMO.
Funding is a given - we should have simply been off a higher base SP. let’s hope we get something staged and innovative to see us through.
On skin in game, I would like to see more but based on options/shares held below, LR is down £126k from SP peak in Sep.
I agree Oiltap....If the below isn't classified as "skin in the game" then what is ?
Directors dealings taken off my brokers page.....
22 May 2018 E Kirby Buy 12,918,258
22 May 2018 E Kirby Options 22,500,000
22 May 2018 L Read Buy 23,913,043
22 May 2018 L Read Options 112,500,000
22 May 2018 M Campion Buy 18,514,492
22 May 2018 M Campion Options 112,500,000
22 May 2018 C Bird Options 80,000,000
22 May 2018 D Smith Options 10,000,000
Agree Bobby. The assett is great we all know that. However, management is an issue, company history is an issue and confidence is to. Company needs funding to progress where is this going to come from? Again letters on a postcard!!!!
Thanks 2050, good article. Patience is key here.
https://i2050capital.wordpress.com/2018/12/16/euz-europa-metals-bull-vs-bear-2/
Attended the Turner Pope presentation on Monday, seems nailed on a fund-raise is coming IMO, one attendee asked about when and the presenter refused to discuss. I suppose until the raise is completed it is a bit of a red flag for prospective new investors.
Another question was asked about high G&A (£1m) and reasons behind listing on 3 exchanges, based on replies given it seems they will keep the SA listing due to cancellation costs but may be considering coming off the ASX at some point.
The presentation was recorded and should be available on the Turner Pope website shortly.
Just thinking what the sp might do with these drilling results due this month? Any guesses? Hopefully a rise and not another fall! I need a 110% rise now to get back even (don’t see that happening on drilling results).
Listened to the podcast and they are both saying the same as we have all stated quite clearly. The assett is fantastic and is worth an awfull lot more than it currently is. However, the management have made a string of errors of which has seen the SP cut in half this week. In a bad market already it has made investors worried. Let's hope they can rectify there errors and report correctly and positively in the future.
vox podcast......http://www.sharepickers.com/
What do you guys reckon the capex costs for such a mine to be?
13-Dec-18
11:27:28
0.052
8,313,961 this is a buy from yesterday.
Thanks Oiltap - regarding your question about the area not included in the JORC - no I haven’t, but it’s definitely worth looking into. I’ll do some research over the weekend.
Spot on, all three of you. There's so much potential upside here but for the moment i'm guesstimating the present NPV at a conservative $180m. But my concern is the financing to take it a whole step further. Do they have enough to be able to put the finishing touches to the SS?
Yes please ...:-)
By all means, i found the origina blogl to be useful reading..
Any appetite for me to refresh my blog with stab at fag packet economics?
I don’t tend to post here (tbh, the occasional childish behaviour has put me off), but the lack of scoping study data has frustrated me, so here goes... I’ve tried to follow Oiltap’s NPV calculation advice - here’s an outline of what I’ve put into my model: - 500k tonnes mined per year with 10 year mine life (source: Miles Campion proactive investor video) - 6% Zinc, 4% Lead (assumed from Miles Campion’s comment on mining the high grade core outwards) - 20% reduction during processing (assumed from looking at some typical mining recovery rates) - $ rates for zinc and lead per the (infamous!) scoping study - 15% zinc smelter fee; 5 % lead smelter fee (from various mining company accounts including CAML) - 1.5% smelter royalties to Lundin AB (per scoping study) - Spanish Corporation Tax at 25% - Opex costs of $1000 per tonne (rough average I’ve seen from other company accounts) I’ve modelled a few different scenarios at different discount, recovery grades and lower Zinc and Lead rates, and I get an NPV of between $180M-$230M. $200M was quoted on the Vox podcast today so I reckon I’m on the right track. How does this line up with your calcs Oiltap (or anyone else)?