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Wrong board and I may have got my facts wrong about CITIC anyway, double dunce!
Shed? Wrong board? Lost me...
Sorry all - I am usually very sceptical when someone does that - but you can't buy em anyway so I hope you trust a genuine mistake :)
Given escalating tensions between the West and Hong Kong / China it looks like a masterstroke to have dispensed with CITIC and engaged London based UBS. Good to see the Board ahead of events.
Chri5p, it’s the if/when that I have the biggest problem with. I’m 58% down, IF dilution of any sort comes into play or the sp drops after consolidation then that is going to compound my own personal situation. Hence my reluctance to put even more money in. I’ll keep the situation under constant review but I’m not optimistic.
ATB, Pete
When I invested in Eua the first time the share was on the floor and the amount of ctiizem of the directors especially CS on web chats was huge. They kept raising money with convertible loans with interest rates or 10% and loads of dilution. However, the company had no choice. They got the licence, palladium went up and hopefully we will sell possible 200 times more than the price of my first purchase. I think Euz is similar but it might take time to get the licence in place and raise the funds or sell but if/when they do this will fly. Chris
Newbie I don't believe the payout here is necessarily only in the endgame. If the Exec's can sort out funding without giving the crown jewels away sentiment will be transformed and the rerate could be astonishing. Go back to the Oct 19 presentation and look at pier comparisons and I'm convinced if funding fears can be negated we will at long last be valued on the marketable products we have, not to mention the unexplored running room within the licence. I'm not going share what I believe is fair value (with funding) because it will sound ludicrous from where we are now. Suffice to say I'm happily buying at these levels with restraint purely because of my personal business insecurity.
That should have read anymore in here
Chri5p and Shed, good luck to you both. As you say if and when the payout happens, however, I think it’s more likely than not. I can’t see me buying in here unless something happens later this month that is astounding, in fact I’m more likely to sell than buy. I had a lengthy chat with LR (I know you’ll read this LR) and the picture he painted was pretty enough but I think this one will be on the back burner for a couple of years. It’s really quite odd because when I done my research this was the one that I thought would bring in a decent return. Funny old game.
ATB, Pete
Thanks Newbie though I'm not counting any chickens yet with EUA. It might sound slightly bizarre but I'm actually more confident of a good outcome here. Probably because I'm about 100x better researched on EUZ and can see beyond the SP. Not saying the SP isn't thoroughly depressing me though!
Hi shed, Newbie, I have invested about 3/4's the amount in EUR that I invested in EUA. If or when I get a payout in EUA I will buy more EUZ. Chris
Shed, I saw you over on EUA earlier but didn’t get to say hi. I’ve got the same value in £££ in EUA as I have in here. Talk about chalk and cheese. Well done to you mate.
ATB, Pete
Hi Chris, I have a little bit of EUA but in comparison an awful lot more of EUZ which is the one that fascinates me. I think the team here want to develop this project further and after consolidation we'll find out how it is to be financed. For now that might just be for a new round of drilling (where open East & depth), prove the copper, there's a possibility of an updated SS and hopefully the PFS. Then we can think about a sale knowing everything has been done to get the best deal possible.
Apologise to other EUZ - shed are you in EUA and what a great RNS - do you see any similarly with Euz just a couple of years ahead? Chris
I know how this board universally enjoys deciphering EUZ's strategy by decoding LR's LinkedIn so thought I'd mention he's 'liked' a Mining.com article about Copper's recovery.
If it's not higher then something will be going horribly wrong :) What's significant is whether the mcap starts to improve and with it our own %'s of that figure.
I just hope it’s higher than today the SP is awful
Its not based on an average price Steve...it will be actual price as at COB 15th July.
sorry but at what average price will the consolidation be based on
Yep I agree it is a farce and imo should be a lot higher but I do not want to be accused of ramping so it is what it is. In addition I think by default we will get a re-rate after consolidation but do not want to raise any hopes as I honestly for the life of me cannot fathom this market out....GLA.
Bricks as we know the TP broker note is a farce, not changing the target price as each piece of positive work came in, incrementally de-risking the asset, amounts to an admission that they couldn't be bothered to give it any thought. We haven't completely put deleterious elements to bed yet so there is still risk but how the target price could remain the same as the metallurgy improved and we had the stunning cores from TO25 reflects badly on their analysts.
We can paint a high road and a low road….The high road is assuming TP broker note is spot on. On the 16th July SP should be worth 0.00074 x 500….makes it 37 pence.
The low road…at todays price 0.00012 x 500 makes it 6 pence.
Assuming no communication until then.
With all due respect you lot what are you hoping will happen? Don’t see why comms would miraculously improve and even if your not happy with it after, the 16th July will be here and so will you.