Here's the rub....If one is trading EUZ on the JSE and you paying 2c per share.....0.02 ZAR = 0.00115701 GBP...... Enough to make a grown man cry I guess :-)
Thanks Oiltap. Much appreciated. Never thought about an NDA. As a matter of interest I suspect EUZ's MCAP will double on the JSE today.....looks like it may go up 100%.....from 1c to 2c
Thanks RA. Good stuff....one question for you though.....why have EUZ been quiet and not said anything about these heavy hitters getting on board ? One would have thought they would have used it as a bit of a marketing speel....as reading between the lines we could be in the middle of a hostile takeover bid. What are your thoughts on this ?
Its a good sign because the JSE has been stagnant for a while now...with minimal trades taking place over the past 3 months. The average is not even a million trades a day....so 17m is excessive which imo is a good sign. When I said we are paying 4x more per share...do the maths...1c =0.000575154 GBP and they were trading at 0.00014 ..... currently trading at 0.00018 which is about 3x cheaper on LSE than JSE.
RE: James Whitcomb Riley... (III)22 Jul 2019 07:43
Many thanks RA for such an enlightening post. It somehow assisted me in connecting some of the dots....... I thought it was just me thinking that "something was going down" but could not put my finger on it....You have certainly assisted me in gaining a better understanding of the "bigger" picture for which I am extremely grateful. Thank you once again.
RE: Contrarian investing at its best… (II)21 Jul 2019 08:09
Good post RA.... One thing you did not mention and I would be very interested in your view is whether the faux pas caused by EUZ management ....and there are a number of them.....had anything to do with the capitulation of this share...and also if you believe they were somehow engineered ? Also what are your views on the current management team taking this forward and if you would like to see changes what are they ?
Thanks tradeuk for sharing. From my perspective it seems like LR has learnt a few hard lessons along the way when it comes to PR and he is no doubt rectifying this. Also it is good to note as Oiltap has said that the TD23 hole currently being drilled and the area it covers "the trick up the sleeve" was not originally included in the JORC report so I have absolutely no doubt that their will be a substantial increase in the resource when the updated JORC becomes available. The sad thing about EUZ is no matter how much good news hits the market it does not somehow reflect in the SP. I am going to buying another few million on the JSE today even though I am paying a premium of 5x the current price on the LSE as I am convinced EUZ/Toral will be mining one day and will move out of exploration into mining.