Member Info for BricksSA

Chri5p...that is possible I guess as you personally have about 25% of the total SA market :-) So with my large stake and African Pioneer I guess we close to the limit of what JSE can hold ?

Just to clarify...Bara has an office in UK and in SA. Their SA office is in PE

And lastly Bara is based in Port Elizabeth if I remember correctly. LR has spent a bit of time in SA and I’m sure a few key industry players are aware of the great resource and what is being done. News is RNSd or Sensd as they call it in SA on the JSE as well so no need to worry about the marketing aspect imo. Best D

Part two Michael..... 4,553,438 EUZ shares has been allocated to JSE ....so do the maths.
I am not aware of any marketing taking place in SA although African Pioneer used to hold a large portion in the old days. Colin Bird got them involved. DB will have their shares on LSE not on JSE. Trust this helps. GL.

JSE normally follow LSE...what’s currently happening on JSE is totally out of kilter with the norm. Looks like someone is shorting on JSE and they are going to get their fingers burnt big time imo. The price of R2 is a gift at the moment. Normal exchange rates apply and 11.25 pence is equal to R2.37. Just under 10% of EUZ stock has been allocated to JSE. I have the exact amount somewhere and no ways with the number of trades done over the past few months does it equal this. I have a suspicion a lot more has been traded. Hence my observation someone will be crying very soon as this could easily double in the next few days imo.

Thanks Jedster....Good luck with SEE punt but I tend to enjoy researching prior to a punt.

For 19 posts to appear o n this BB for a Sunday I suggest you put your money in here rather than SEE .....you asking people to go in blind ? Lols....:-)

I gleaned this from the Financial report. Make up your own mind whether it would be EUZ or the asset which could be sold.
"Exploration and evaluation costs
Exploration and evaluation costs are written off in the
year they are incurred apart from acquisition costs which
are carried forward where right of tenure of the area of
interest is current. The future recoverability of exploration
and evaluation expenditure is dependent on a number of
factors, including whether the Group decides to exploit
the related lease itself, or, if not, whether it successfully
recovers the related exploration and evaluation assets
through sale."

@Chri5p....The resources have already been proven and so has the mining method for access....thats what the Jorc and SS were for. The current SS reads like a PFS. All that will happen imo is Bara will apply the latest Mets and ore sorting results to the existing SS. The mining method ito scenarios previously used ( and there were 3 scenarios painted) may change to mining the "high grade" only initially ....Still waiting for the 10 bagger then.....I think we all are :-)

Hi Bobby. I understand what you are saying but the consolidation was done in order to attract Institutional investors and to remain listed on the LSE. I am pretty sure once they are "on board" as such the day traders will be minimised. The day this happens we will be a "grown up" company and the value will be shown in the SP. All it will take is a TR1 with a large institutional investor. IMO.

Would someone actually only buy 16 shares?

Very strange behavior on JSE today....but only about 75k trades.....now trading at R2. Which is 9.5 p

Little volume though...no great shakes as yet....the catalyst is missing....:-)

Bubble about to burst on JSE bid now R2.40 ....

In fact thinking about it more....we could have an intra day RNS when the PEA is signed off as it will have to be released immediately....IMO.

I suspect the new PEA is known to a few parties already....hence the almost freeze on trades.....I worked out AMS, Bara, WA, EUZ and knowledgeable individual have to sign off this RNS....maybe I’ve even missed someone...like the ore sorting guys....:-) and it will be another 200 plus pages.

I think you got it Sheds..and as you say....swings and roundabouts..with the revised PEA it could end up Bara using a similar pricing formula. Let’s see... Best D

In the last scoping study in PEA notes...I extracted the pricing they used when an NPV of $110m was quoted. “ Zn equivalent calculations were based on 3 year trailing average price statistics obtained from the London Metal Exchange and London Bullion Market Association giving an average Zn price of US$2500/t, Pb price of US$2100/t and Ag price of US$17/Oz. “

Lol Sheds...you think another possibility is MMS are busy collecting ? Or not....

Trade...I checked his activity and that’s the standard way he introduces his company...don’t read much into it. Best D