Member Info for CHRI5P

I think £70 million for our 75% of Luansobe and we keep the unknown third licence of the possible 65/70 million tons contained copper is a reasonable deal.

I think those people who sold out due to a positive but not ground breaking RNS about the Luansobe licence will be trying to buy back in or be regretting their impatience. This is IMO the last piece of the jigsaw to have a serious offer on Luansobe to be taken. 6p a share is my valuation for the 2 licenses.

My brother just bought 700,000 for just below 1pa share so there's been a lot of buying lately but I suspect the MM's will stop you buying below 1p soon.

i do find it hilarious the different valuations on aim. i don't have to repeat what we have but kav have to date no successful drills, no mining licenses no partners and the go through money like confetti and yet they are worth £6 million more than us. they might get lucky but even then the cost to prove up will be huge dilution. some people are selling even though luansombe is only one part of the bigger picture and the news was not even bad it was just an update. yes, cyber it is a risk but if you want to own a company that could 10 bag there will obviously be risks. if kav is worth £17.58 million then we should at least be worth £40 million. i think that answer to your point iky is that the markets in aim are not correct, efficient and true, they are an absolute casino and the name of the company and the rns bull****ting is more important than the fundamentals.

Overreaction to an updated explaining what's been happening at Luansobe. I bought another million today and I wouldn't be surprised if we had a drilling update next week.

Someone dropped 2 million at 8:02 - was that you Cyber, you have been awfully quiet? Hence, the SP mini crash.

If we go it alone we will fund it by selling a % to a contractor who will mine it. We will not raise money to start a mining business at this stage - so an immediate placing is just fake news.

Definitely not a negative RNS but a containing one which is obviously negative to some people and hence the selling. Wish I had waited a day to buy more.

I still feel the sale of the lot is the intended option. Over the last 3 months we have spent money on enhancing the OP block and we are waiting for a second licence. Why wait untill now and enhance the block if the option to do it ourselves was the main plan. This an open RNS but a huge sale is on the cards imo.

Joeman1 this RNS was destined to be released this month regardless off cyber announcement of selling. They might have been waiting because they are so close to a deal and the second licence might be in the mix.

I suspect selling off the large OP licence now would create massive value today but would undermine/compromise the value of the other 2 licenses going forward. Mining ourselves with funding from a contract partnership would likely create the higher overall value but is riskier and delay a possible big payout.

Well I am still positive and was able to pick up another 500,000 at 1.06 - which cost me £450 less than when I looked into yesterday.

Iky you used to compare Prem management with GLR 's. Prem still worth a punt now they are down 92.5% since your recommendation.

Cyber I have a lot more respect for you now. Instead of continuing moaning you are selling out because the management is not meeting your goals. I disagree with you but it is OK to agree to disagree.

Irishdemonn - if you find a company with more prospects for a company value of £13 million I will run naked in the streets. However, there are safer investments which have a more stable SP like Phoenix.

I have said my bit. I would love to see the essay you were going to post Shed. Will not post again this month unless we have an interesting RNS. I wish everyone a wonderful September.

I must admit BricksSA was correct to sell out at around 4p I think. Their reasoning that the Denarius deal was a poor one was wrong because it was a great deal IMO. However, and I did think it at the time was it might take 2 years before we got any ground breaking news. There's been no negative news since the deal was done and the 4.5p placing to justify a fall in the SP but time on the AIM market with limited news is a killer for any SP. I think 4.5p will be achieved this month but that IMO.

Sorry, for the poor literacy. What I meant to say is that there are many companies on AIM valued at $50 million actually worth nothing and will fail. EUZ is valued at £2 million but could be worth more than £50 million. I expect Denarius to complete option 1 next year and start option 2 when we will receive $2 million and have a stake in a large potential mine in Europe. Roll on the PEA.

Hi Shed, the best explanation imo is that AIM is a media casino. EUZ SP should be well north of 5p while many, many over AIM companies worth £50 million on AIM are actually not actually worth anything in reality and will fall

Hello Newbie, I hope you're well.

A very good week and we end up 46% on the week and third on the AIM board.

Yes there's been no news but it looks like all the sellers have now gone. Trojan called it a month ago when he thought we'd bottomed. The facts are that there's not been any bad news this year or last year but when people keep selling on no news then a share will drift lower and become insanely under priced which is what happened to EUZ. No analyst will be looking at EUZ, no fund manger just PI's who are in general very fickle and don't understand what they have been invested in. Unless someone starts selling the SP will carry on upwards with the momentum trades to fair value