Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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For any other South Africans following this BB...I see the rand is now trading at R18.03 to the USD dollar...and rising....
EUZ is quite frankily a good way of hedging . I see there are plenty available at 0.01 c which at the moment is the equivalent of 0.00044 pence...yes JSE still a long way off of AIM prices but I expect at least the two of them should be on a par shortly after the Mets are published. This is my opinion only and DYOR. GLA
Thanks Nige, will take a closer look..
IMO EUZ do have a plan to mitigate the risk of further dilution or to remedy the financial situation. As stated by Oil sometime back a sale of Toral mitigates all these risks....We have heard from LR in videos that they have plans in place to mitigate these financial risks, yes and I agree they have not as yet been shared Garwool but I am pretty sure they will be doing some serious work now in getting this sold, bearing in mind EUZ is an exploration company not a mining company and we are at the point now when Toral should be sold. Time for LR and BOD to deliver the baby...IMO. DYOR.GLA
Manicman have a look at BLOE also in Georgia same as FRR. BLOE and EUZ are my 2 largest holdings at this time.
I embrace all of the positivity on the BB. The fact is sadly the BOD do not have a plan to remedy our financial situation, that share holders are aware of. This is of more concern than our METS, mining licence, With some delay, I think will be fine. There may well be support financial after our METS, but, with lack of news from our BOD we can’t help but be uneasy. April is our Month guy’s,
stay safe and look after the one’s we Love. GLA.
I'm hoping to sell my stake in NCYT very soon to get more in here.
For me i think the time is about right to load up on some more shares, as i think we are coming to the end point .
There have been some great posts on here and i hope we all do well. Noticed some of you also hold FRR shares as i do,
So we all know how things can change in an instant.
let's hope this our time to shine and get to the top of the Risers board.
GLA
Montmuzard,
Good first post and very true. I am trying to sell my car to buy more but no one can come and view it! Bloody CV-19!
GLA
First post from Monty and he’s already having a pop at the numpties....
Numpty pi
Cheers Montmuzard - I had thought about the ISA opportunity but doubt I'll have funds unfortunately.
First time poster, long time lurker. Been building a stake in EUZ for about two years: lost out a bit on the spike and DB placing fiasco, but have been steadily carrying on and averaging down.
Struggling to see what the problem is: surely we all know roughly what the asset is worth, and that is many multiples of where we're at now, even if the BOD only manage a sale at the lower end (£50m? £75m?) but potentially much more. I've always been hopeful of more than 0.5p once remaining warrants are exercised, tax is factored in etc. but in the current market even 0.2p would be a substantial uplift from where we're at now (although I realise some people have quite high averages and would want more).
To my mind, focusing on market cap only works for blue chips or companies with steady growth profiles. For a commodity exploration firm like EUZ, the market cap is entirely dependent on selling the asset/company. There's no middle ground. It's not like you gradually go from £1m to £10m to £50m to £100m. One day you're worth a few million; the next day everything changes and you're worth tens or hundreds of millions. It's the latter we're all waiting for. What's in the middle is largely irrelevant (notwithstanding, again, the impact of the placings on individual investors).
Also, could delaying the mets until early April not also be quite fortuitous for existing holders? If the price stays down here until early in the new tax year, it's a gift. The worst thing that could happen, in my view, is a massive spike on April 4th.
I've really enjoyed the excellent insight from various members of this board, too. Especially Oil, Lloyd, Shed, Bricks, Storey etc. Thanks hugely. We should all make the most of it: it's only a matter of time before things do start happening and it's infested with herds of rainbow-chasing numpties.