Member Info for CHRI5P

Zinc up again.

Last week I dabbled in Silver - I think you did in the summer Shed - I bought a 3 times leveraged ETF because most of the AIM miners with substantial Silver credits were too risky.

Zinc can rise 20%

I agree LR is not a salesman. However, I am confident he can get this mine to production. I still think Zinc is where we will make our money. Zinc is up 1.7% today. If we can have a steady 20% increase over the year then I believe this will be absolutely perfect for the BFS. I think Keynes's said the way to make money is to anticipate the people who will be buying a share and I think EUZ could be that share.

I joined TW's online ************* for information and entertainment. My buy for that forum is EUZ and sell GGP. TW did say in an article that it takes on average 15 years from the exploration start date until production for a mine- I thought this might give a bit of perspective to our historical time line and management's performance. It also shows if you invest in an early exploration project on average you will have 15 years of placements and dilution.

When I started investing in EUZ in June big time I expected a placement at some stage thankfully the SP rose and we raised £2 million which was great news but this will always be the case with AIM mining and if you don't accept this then you should sell up and leave. Secondly, the price of the placement is not just about the SP it is about what an institution will pay. When the SP for EUZ was peaking at 27p and for UFO around 3p during the summer it would have been nice to have a placing at those prices and I suspect both management's were trying for this on the quiet but the institutions would not pay 27p and 3p respectively. Instead the institutions would only pay 12.75 and 1.1p. However, due to the institutions knowing that they have agreed a much lower price to purchase then they can forward sell the SP before the placement (DB probably did not forward sell but TP's other clients could have). Before both placements the SP was much higher and kept falling before both placing announcements to 15/16p and 1.5 respectively. With the warrants to be exercised and the EU money I think we will get a BFS before the money runs out but that does not mean I will be surprised about another placing because this is AIM mining. I have said it all year so as Shed and now Herm what the price of the average historic resources are when the BFS is completed will determine how viable the mine is and the cost of funding and yes there are other factors but the predicted price of the resources is the most important.

Keep going BB and depress the SP because that is all you can do. If you want any influence you need £1.5 million to buy 30% of the company. Your so funny you actually think you can influence the board and blame everyone else for your own mistakes such as buying in when iron was peaking and again when zinc was at a peak. You fall for the story and forget to remember the risks and price you are paying.
IMO EUZ has the ability but not the expectation /right to be in the top 10 AIM share of 2021 because:
We have a seriously negative board and a change in this will add millions to the company value in the short term - the board cannot go any more negative.
There is not going to be another placing before the big one - the one to fund production
The resources are in demand and supply is tight going forward
The management are moving forward and know what they need to do and what to achieve next year
The location could not be much better with everything to hand
The Authorities are behind the project and seem to be in an hurry
The capex is low
New drilling should enhance the resources

The only worry is BB turns positive and then it might be time to sell.

Happy New Year everyone and next year IMO EUZ is looking very good indeed

BB I think you have just announced your lack of intelligence if you think the price of the resources doesn't matter more than anything. Especially being a shareholder of EUZ for so long. You mention the SP but you don't understand that people like you set the SP and the management sadly can't help you infact no one can. People read this board for information on the company not for moaners who have no idea. All AIm Miners under £50 million rely on the very people you are discouraging to invest and so more dilution. I think you are a very sad man who can't understand your own failures and mistakes. The collapse of Iron almost finished EUZ in 2016 and in 2020 the price of zinc almost finished us. It is the same for all AIM miners ask yourself why would you carry on if the resources are not worth enough to warrant mining them - it is that simple. Please, go away and give the company chance to encourage people to buy what is an undervalued SP, your not helping and sadly you don't get it and never will.

The resources keep rising because that is truly what matters.

I'm back for now but trying to find reasons to why LTH's blame management. One of my biggest problems is that LTH's keep blaming management but don't explain what they did wrong. I have not looked at before Toral and the Iron project. However, BB keeps banging on about 10 years ago when FRC raised money and many placements for the exploration. There were 2 events, the first was that 10 years ago iron was at record prices and that it would go to the moon. China could not get enough of it like today but RIO and BHP started a stupid price war to take out the small operators and increased supply at the same time as demand for iron fell of a cliff the result being iron crashed from over $200 to $40 rendering FRC's project worthless and due to the cost of maintenance and the money required for Toral it needed to be let go for $1,000. The 2 main directors left but they at least negotiated the option to purchase Toral. The other event was for this period too many directors paying themselves too much but the reason for the dilution/SP fall was down to the collapse of the resources. Following on to Toral I read an RNS placement in 2018 where LR states that the £1,000,000 to fund the feasibility study for a mining licences (I think this is where Shed has said before that they should have raised more). However, at the time of the placement zinc was at $3,500 per tonne and since the purchase it was up over 50%. With what we had in the ground and the price of our resources it probably was worth going for the mining licence so I can understand where LR was coming from. Nevertheless, the price of our resources crashed and by June 2020 zinc was at $1,900 and at that price we would need to show even more resources while finishing all the other milestones to go for the mining licence to make sure it is to be a viable mine.
Since, june zinc is up 50% , we have I think a 40% increase in resources (there should be more) , we know how the resources will be extracted, the cost of the capex should be paid for within 4 years at resources around 10% lower than current price and in 18 months we should be going for a mining licence. At this stage LR can't say we will not need more funding before that date but I am confident we won't. LR even said they raised a lot more than they asked for/needed in August (they do listen Shed), the warrants can be exercised and the EU money. Additionally, if you read the RNS's for the last 4 years most of the work has been done to get a BFS. So I do disagree with BB's speculation of a placement in 6 months time because that's all it is speculation with no facts. I will not predict the share price/company value again, I will keep that to myself. Nevertheless, I do believe we are well undervalued and in the new year there might be a Tr1. The price of the resources in an AIM mining company is everything and no marketing or bull can cover that up. If the price of the resources crash we are doomed like in June 2016. Let's hope th

I really don't think anyone should panic and especially on the price since suspension. Towards the end of September the price fell for a very short period not even a day below 21 which was not a previous high but one before that and it bounced all the way to intraday high of 38 in around a week - so it can fall back quite a lot on no news (it then fell back to 26 but above the previous, previous high). So for me if it falls below 28 for a few days then we'll heading back down towards 20. However, this does not take into account that an RNS offer could turn up at any stage sends the price above a £1.

A no deal will be good for RDSB and will be a bit painful to start with in the UK because there will be shortages but this will be short term for instance we will increase beef production so that we don't require Irish beef and start importing from other countries. The pound falling will help exporters and with tariffs the EU imports to the UK will collapse. To think we could be drinking New Zealand wine 40% cheaper when we complete a trade deal. I wanted a deal but not at any cost. The FT could be up 20% in January because it is very cheap already and most companies export in dollars. Can't wait.

I will leave the board for now they're more important things in life. I still own 1.2 million shares and I think I can get £1 million next year. Merry Xmas Shed and BricksSA

Sadly you are still here BB and I can't stop you moaning but it is not good for the board or SP. My predictions are what could happen rather than what will and my post didn't make that clear. No one knows if I sold some at 27p or likewise no one knows if BrickA did either so BB I might have sold all my shares on an average above 20p and bought them all back who knows - I might trade but for someone who posts like you BB to say I don't get it who already has admitted to losing £40K is just a tad rich. I only moan about moaners like you and applaud poster you add content.

Shed exactly, I don't need the share price to be 20p but their is no reason why myself or BriskSA don't make in some people's minds unrealistic predictions. AIM share are not in a market but a casin,o posters moaned about a placing of 12.75p but 6 weeks earlier did not buy at 5.5p and PI's bought in at 28p when there was no news but when the good new comes the price is at 9p - it is all bonkers. I do think EUZ will 10 bag from 10p so end of next year I predicting £1 to make simpler for BB but I don't expect it because if the all the ducks don't line up or if none of them line up then yes there will be more placements and more dilution but what is the point in moaning about the past because if I had had that attitude I would not have made 9000% on EUA. If anyone actual bothers to read BB's post you are unlikely to make any money you might as well give up and put your money under your bed. Yes BB I do miss your point of view because I actually do want to make money and not keep harping on if I don't.

Yes it does look like my prediction of 20p for the end of the year will not happen and a 10 bagger at the end of next year is still possible. If you invest in an AIM mining company you should be predicting the share to multi-bag and the very real risk of the company worth zero is so real that if you don't think it can multi-bag then you should sell. I really don't understand someone willing to lose all their money invest in a share they don't think will multi-bag or even rise it is utter bonkers. If I thought EUZ could not possibly multi-bag over the next 12 months then I would sell today because what is the point of investing in an AIM mining stock. Give me strength.

I would just like to thank posters on the new research at last we back to the basics

Agreed BricksSA additionally the price of metals for the last 10 years have been falling accept for the last 6 months. If the resources continue rising more potential mines become viable

BricksSA yes a good article but we are not valued at an excessive price in comparison to our location, capex, resources and price of resources. However, there are many PI's out there who buy the ride of an SP and get spiked.

I love the original land rover but I would not buy a new one built in France.