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I have no doubt this will mined Bricks and where it’s going. Too much talk about mining license next year being applied for and the results on that huge cocoon of rock samples.. I will listen to the interview again though. Once the PFS is done and cash is in the bank we are a very attractive company for a TO bId. Just how much will that be?
Money…the interview is worth listening to again…I picked up a few additional pertinent points. One being that the “guiding hand” we sometimes refer to…does actually exist. During the interview he talks about the parties we are engaged with always say the high quality resource is only mined in year 12…..Hence EUZ trying to shore up the business case and looking at possible high quality resource at shallower levels. He also reiterates the conservative approach they have taken and intimates the resource is a lot bigger. Definitely worth another listen though…GLA
Only just 6 months… 6 months 3 days to be exact Bricks..lol..it is Friday RNS Monday IMO :) Happy August for EUZ
Well I hope for all our sakes that it will be a transformational event which LR describes it as in his last interview with Zac….about 40 mins in…he says he hopes Adam is listening and will deliver on the transformational event soon. IMO….if They are expecting Adam to deliver the transformational event it will be a Corporate deal rather than operational event…So let’s shout him home….he should be close to a deal having been on board for over 6 months now.
Just a humorous thought but they will have to come up with a value event before a placing or people are going to assume the placing "is" the value event and i cant see that going down well :-)
I'm still around 83% down. If we can get through to some major jv or financing deal without another dilution I'll still make money but if they have to do another disastrous fund raise at a paltry level I fear that would finish my chances of ever turning a profit here.
the value event statement put the mockers on any future share price movement on decent rns because if there is no value event mentioned the sp will just keep stagnating. It wouldve been better to not say that at all but it was obviously designed to keep existing share holders hanging on in hope
Sammy lot's of progress. Successful Preliminary Economic Study, securing of CDTI grant / loan, IP renewal application rubber stamped, early indications from drilling campaign suggest a positive impact on early years economics. I'm also very encouraged by the engagement locally with government and education. Not everyone's cup of tea but critical if this is to become a reality. As you allude to the problem is the value event (four month anniversary today!), unless we get some positive funding news I can see yet another round of good ops failing to progress the mcap sadly. In the recent TP event LR did emphasise the 100 % ownership as well as highlighting the EU regeneration fund, I wonder if they see that as a way of ring fencing our asset at least until after a full FS. In other words why cough up a chunk of Toral if EU funds can take us further? That's the optimist in me speaking, a negative view would be that they're weighing up the merits of taking asset dilution now or considering another placing which could take us to point where JV terms would be more favourable. I think there are options but very difficult to call which way they will go, going to be interesting I think.
Sammy, the only progress I know of is that Spain and in particular Toral is looking like a Swiss cheese. Sure some of the other posters have more info.
Sammybow
A great deal of progress has been made IMHO, its detailed in the last years RNS releases.
As for the value event ? well they didn't put a time scale on it and its totally open to interpretation anyway but every investment in just about every market has one at some stage.
What progress has been made made in 12 months?
Can someone enlighten me? Also, when is this big shareholder value event going to happen?