Member Info for BricksSA

Everyone is sitting on their hands !!! :-)

Thanks Oiltap...Agree with ur sentiments... I found this article quite self explanatory as well....
https://budgeting.thenest.com/positive-npv-impact-stock-price-25307.html
I have taken up a bigger stake now and own 1.5% of EUZ.
An NPV of $180 M equates to my shares having a value of $2.7 M !!!....a far cry off from where we are today......
If I understand the article correctly.
So the sling shot should occur....its only a matter of time. IMOO...DYOR.

@Oiltap...If the NPV is $180M and I am fairly certain we will get the Financials as soon as ASX is out the way...and a revised SS published....will the re-rate be sudden and will it change overnight you think ?
Also what in your opinion will be the primary catalyst for the re-rate ? The revised SS or perhaps Market sentiment or anything else perhaps ?
.. Thanks for all your valuable inputs and sound advice.

Well...if you check the last AGM minutes all the detail is there. Also the last placement was ONLY voted on AFTER the actual placement took place. So yes they can do a placement and then tell the markets IMO. But not to tell the markets at all is definitely NO.

@ Numpty and Bobby...I agree with what you say ito small numbers but the fundamentals remain the same....ie How did these additional shares get allocated on the JSE and how do you know how many more were possibly allocated on LSE if the JSE represent 6.3 %......maybe the 10% discretionary placement was already done taking into account the large number of trades recently on LSE ?

Previously I was told by EUZ secretary that 239,863,187 EUZ Shares were issued on JSE. Now based on the latest RNS there are now 351,217,208 which equates to 6.3%. That is a difference of 111,354,021 shares.
I wonder if African Pioneer has taken up these additional shares as another placement or whether EUZ BOD have already raised additional funding by doing another placement within their 10% discretionary limit and we will see another RNS shortly?

Now up to 80M shares.....own 1.43 % ....watch this space :-)

@Milnrowmug....I would agree under normal business principles...my belief though is they will need money very soon ....so another placement is immenent....at these prices we get diluted rapidly !!!

Lol .... 25% spread now....

No Clear roadmap from the BOD and quite frankly they don't seem to give a sh**t for what the share price actually is at the moment..... My opinion only.

Open: R0.01
Prev close: R0.01
Range: R0.01 - R0.02
Volume: 20,739,240
Bid: R0.01
Bid volume: 500,000
Offer: R0.01
Offer volume: 12,353,128

I'm From Johannesburg....currently in Saudi Arabia.

Hopefully reality sets in.....

Couldn't agree more Willy....I think you need to drop him another line....;-)

His LinkedIn profile.....

Non Executive Director

Company Name
Tomco Energy Plc

Dates Employed
Dec 2018 – Present

Employment Duration
·2 mos

Location
London, United Kingdom

Non Executive Director of Tomco Energy Plc
- US Unconventional project, Utah
- Working with team to look at oil shale economics in Utah, USA

Yep...looks like it will be another high volume day....I suspect a heavy buyers order is being fulfilled......

As it is appropriate to where we are....http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S2225-62532014000300010

Thanks Yosh ;-)

What does this mean ? Any one can provide a link ?

These fellas shaping up to do a PAT-style JV (20/12/18)?

Could be right...They have the power to do a placing of 10% of total stock in issue....which is about 557,000,000 shares.