Member Info for CHRI5P

I also think what is happening to other SP's can be just has important- with EUA adding £100 million to their price tag 20 times more than are total value yesterday could explain the fall in SP's where apparently their own shareholders think they're a holding a dog of a share.

For me the placement was done on the advice of TP and their clients but that won't stop them selling at a loss if they feel there are opportunities elsewhere. However, TP had a target price of 34p so why would these investors give in yet. Additionally, the negativity around this share might encourage people to spread bet short which could also drop the price. Pre consolidation the SP price halved and this could of been party down to spread betters going short - at the time there was so many people saying that EUZ was going to fall to 2p equivalent. This would explain the sharp rebound if there had been a sort squeeze and spread betters had to close their positions. This might be happening again.

Grappa what price did you sell out for because no LTH would post what you do unless you're trying to get back in at a lower price?

Shed yes I have also been burnt from investing too early. I see it all the time and the funny thing is you can make money on the speculation but once they start drilling on indicated resources that's the time to get out until the proved resources because the time and cost causes so much dilution even if you have a great prospect.

Thanks BricksSA , this is all starting to make sense. The BFS would be a good position and might be a requirement for more EU Funding but it does not rule out a 12 months time line to get this all in place for the announcement of funding for the construction of the mine.

Can we just do dummy buys rather than dummy sells unless you do actually want to sell because it can effect the price - that you can get 31.6

Apologise to EUZ investors. Shed EUA will join the Morgan world small cap index on Monday, it has received decades of data to analyze concerning the flanks (delaying the sale), the directors own more than 15% so still positive short and long. I suspect management are holding out and buyers are saying you still only have 2.3 billion measured resources. This is the biggest poker game in the world and 40% of my wealth is still invested however it is all free money. However, I still believe EUZ is similar in that EUA had 25 years of placings, disappointment and management just had enough friends to keep it going. EUA would give nothing away and knew what they had decades ago but didn't shout it out and were able to amass huge stakes. When I first bought in there was a moaner on the board called trickydickie (I I think they are in AMC now) however they did bring in some content but the board was so negative apart from a few who kept saying we have the resources and helped kept me invested. EUZ if there are no surprises such as hydrology or a crash in the resources is so cheap that like EUA something will reset the EUZ SP and everyone on the sidelines will wonder why they didn't buy. This is my own opinion of investing in AIM mining shares.

Yes Shed the risks are high and when I see shares go up 10 times before drilling on indicated resources it makes me laugh. The hydrology report is essential and cannot be underestimated but I feel this can be done while talking to third parties about funding. I find that the announcement of funding comes soon after the licence because management have almost lined it up. When I said this could be a £1 next year it was based on the hydrology report, licence and funding, nevertheless if the mine is destined to have a fundamental flaw we don't know about then we are doomed. However, this is exploration and there is every chance the company is worth £70 million. If the ducks start lining up like the hydrology report and other work and this is announced the SP will rise before the licence is granted.

Jed at some point the license will be a formality and the SP will have already risen in fact these days the announcement of it will be so into the price it would probably fall. Buy on the speculation sell on the actual news.

10 baggers the last 12 months have focused on us the proving of the resources with some more area"s to be consider. The next 12 months is about getting the funding in place because it is the right time to get this progresing in conjunction with getting the mining licences. Why would you issue a mining license to someone who didn't have a clue how the mine would be funded along with all the other boxes to tick. There is no good being stuck in the past if the future is looking you in the face. PI's who come back to invest in 12 months time will have missed an opportunity IMO.

Exactly BricksSA. There are so much more resources that can be proved. Additionally I do feel there is now urgency to get this project to mining and the capex to build the mine is so low it can be paid for from 4 years of mining at a lower resources price than we have today. The time for kicking the can down the road which might have been the case a few years ago is well and truly over. All parties want this mine to succeed.

3 weeks ago I bought into RDSB, BP, BT, BAT, L&G, VODA, IMP, INSTOCK, M&G, AVIVA because they were bargains and if covid became under control they would come back with a vengeance. RDSB is up 55% with a dividend to be paid. Who says timing is not important - can't see me selling any of these stocks for many, many years

Shed thank you for your analysis and is what I have been thinking for the last few months. Zinc is in a good place and in 12 months time we will have funding for the mine being finalised because I think the funding talks have started. The mining licence I also think is a formality making sure everything is in place, checked and ready to be signed off. LR can't say this yet but over the next 12 months I think there will be a plan with a potential funding agreement . We are now so close and over the next 12 months we will get the multi-bagger performing SP because it always happens before the big news. In 12 months time I think this SP will be £1 with no other funding than the warrants being exercised. 2021 will be the year.

Thank you Max and good luck with UFO. I do think base metals and Silver will charge ahead for many reasons. I am not going to post again for a while because I am not looking at an entry point I have 3 large plays in action at the moment but always looking for opportunities. Who knows I might buy in 6 months time or might have got it wrong and the SP is a 11p.

Max ,incentive for a short term but my comment was 5 weeks ago about not having skin in the game. I realise you are passionate in your stock and that is good to see - I think it is Silver what has moved the SP and I read all the RNS's from 2015 last night so I realise you have iron and I think Copper. However, this is indicative or historic which means huge amounts of work for a feasibility study. Even Drome 2- will take years, you are relying on someone else and to even get it to the feasibility study the 20% you will own will mean you raising money or even more dilution. Deals like these are not going to push you into the big league.

I wrote on this board 5 weeks ago worried that the directors had no skin in the game and that a placing could be around the corner. I owned EUA when they had proven resources, a mining licence, funding in place and the company was worth £10 million. Yes, the company is now worth £900 million. However, it was decades of drilling and placings before the endgame was in sight. I am not invested and don't short and will keep an eye on the SP but at a value of £43 million the SP is just a punt on silver and the real risk is that even if the silver is proven the years and cost in raising money it takes to get there not only will dilution take it's toll but the price of silver has already peaked and fallen back. Just my opinion and will just sit back and watch what is a very interesting but overpriced SP but a very entertaining board.

How different boards are UFO gets a 30% discounted placing and everyone is positive and says the share money will be used well and dilution is forgotten about. We get a much smaller discount to get us to cement the proof are resources and yet UFO are still to announce drilling on exploration licenses and miles off proving that they have the resources. Shed you are right we need to move on and look to the future and if anyone else wants this share to start moving I suggest you do the same unless you want a lower entry point and are not invested.

The SP is holding up well considering the number of PI's sitting on a fortune and the potential of PI's missing out on rising SP's elsewhere. Additionally, we should not forget the huge amount of data concerning the flanks and other areas we will be applying for exploration licenses. So if the company is worth £3 a share then the analysis of the Flank is huge and this will take time and the more information of what is likely to be proved from the flanks we have the more someone will need to pay. The platinum metals are now rising again alongside the base metals, the vaccine is not far off and government spending/QE is not going to stop any day soon. The resources we have are a huge one way bet. EUA are holding all the aces and I still think this is one huge poker game which someone will not only pay up but will need to come up with such an offer which I actually do think is now increasing daily regardless of the SP it will blow your mind. The graphs still look good an I think the SP will start to move putting even more pressure on the potential suitors . However, if we want £3 a share I think we might have to wait until next year. 2021 is going to be another blinder.

IMO EUZ needs to convince the PI's to buy but is competing with flash UFO who RNS a new website and the share goes up 20%. EUA was just like EUZ for many years while the ducks were being lined up and yet no one could believe why the share price was so low yet the mining license was in place for 15 months and the funding for the mine 8 months before the PI's realised what was there. PI's tend to be like lost sheep and follow the investors who shout loudest on the most minimum of detail. I am very happy with the EUZ board.

BricksSA the majority of spreadex client's are buying which Spreadex need to match in the secondary market or a placing . These traders sell and Spreadex need to cover so sell- it is just traders. Spread betting has no charges other than the spread and no tax. The government should tax profits from gambling to prevent the ease and low cost of spread betting.