Member Info for CHRI5P

Yes, very disappointing

11:05 announced today

The very good news is the sale went through and the SP still rose 0.05p on massive volumes

The large trade was a sale yesterday.

I think you have to announce trades within 24 hours

A seller wanted to hide the trade yesterday so that they could carry on selling. I used ask Barclays to not show the trade when I was buying/selling over 10 years ago and Barclays would oblige. It might instead be MM's wanting to delay the announcement.

From the ADVFN trades they claim it to be a sale but if you look at the time it happens and trades each side it looks like a buy. Is it at all possible the paid goes up and down 0.05p with in 3 minutes or is it more likely the paid price is what it was when announced on LSE and not when it was transacted like on ADVFN. I have delayed trades all the time and the sell/paid is shown at the time of announcement and not transaction.

I disagree Cyber, I am invested in GLR due to them having multiple assets. The management cost of 1 asset like BZT is the same. For 3 or 4 years BZT management looked like they were being paid for nothing happening. BZT is where it is due to what could be in the ground copper/gold prices and finally the project looks like it might start mining after many years and many placements.

Hi Shed I think the JSE market is very illiquid and a pinch of salt is required. The other day the sell price was higher than the buy price. However, I think investors believe the RTO will add substantial value. The Marula Mining SP had fallen substantially for many months before being suspended on the accounts not being available. The reason for the fall was due to funding I believe. The RTO seems to solve long-term funding for the Marula Africa company. The only catch for me is it sounds too good and RTO might not go ahead. If it does it is a massive win, win for both companies. EUZ could open at 5p if Marula Africa is valued at £50 million after the 1p and Denarius capital is returned but the RTO is not a guarantee.

I agree Data 253 is up there with Luansobe but the problem is PI's either want a cash out tomorrow or don't understand the RNS's and wait for others to buy the stock. AIM is full of short term investors with no incite into what different companies have to offer.

We will need a large investor to start a widespread drilling campaign at 253 but the rewards could be massive.

I see Nevada as a way to raise money if the drilling goes well and also kat****tu.

Luansobe is in prime position but let's not sell the main assets for a few million.

So Denarius shares up 13% last night so let's hope we can receive the full possible allocation on the RTO.

Yes Cjen and a trade went through today at 4.6p below.

I think the market is thinking the RTO could be worth around 3p for existing EUZ shareholders. I think Gamma or a name similar always said that there was money in a RTO.

Yes, 0.39p

Hi Cjen $0.73 (cad) is 3.9p

Thinking about it they must have got 3.2p per Denarius share. At the time of the Denarius deal announced I think they were valued at 2.8p.

They kept selling at an average of around 2.9p equivalent per Denarius share and they raised almost £1.6 million. This is where the £1.02 million proposed capital payment is coming from.

Hi Cjen, from the Dec 15 RNS 2.037 million

Dividends are also taxable

I also think Myles is thinking probably for the first only like a shareholder and getting the best return for shareholders including himself.

He paid himself in shares last year,

The capital payment now was because dividend would not be allowed at this stage unless the company is dissolved and never to return (final dividend it is called)

The RTO adds huge value with no expense to EUZ.

Dishing out Denarius shares gives us a very small piece in Toral.

£1.02 million

TT I think the £1.02 was definitely surplus to requirements and a sweetener to existing shareholders while the RTO is being worked through. EUZ shareholders will need to vote on the RTO including the return of all capital on completion of the RTO when EUZ issue 9 for every new EUZ share to pay for Marula Africa and is relisted.

Good to see the knowledgeable posters agree with me that these drilling results could be a game changer.