Member Info for CHRI5P

Highside - I don't think you are that negative but if you don't want to look at someone's posts just filter them - it has worked for me. Boards which just include moaners with nothing to offer on this board are allowed to speak and it can deflect from posters who do contribute. I would say MM and Bricks are intent on finding answers to questions we are all asking while Shed is trying to tie it altogether. Yes they may well be wrong but I would rather read a board which is trying to find the answers rather than a board with their head in the sand blaming management has a default mechanism.

Keep going MM, Bricks and Shed - the SP is influenced by contributors on a board in the short-term and I remember a Friday when MM or someone posted something on the Friday and the SP went up the following week. If you look at other boards a lot of people with a negative opinion get deleted off which doesn't happen on the EUZ board which make me think the management of the company in question has some say on what is allowed and is not but EUZ just don't get involved.

Shed it was definitely more of a punt for me when I first invested 12 months ago and considering there were people at the time saying it will go to zero due to the consolidation. However, once you get to PFS , BFS, measured and funding then you have an investment and I think we are close to that.

Well I am still a believer but I have not been around that long. The amount of money raised to get to this stage is remarkably low and to think a third of that was raised last year at 12.5p. I am still happy with the SP having bought a lot at 5p last year. However, for me I must admit this was not an investment but a punt. It is a punt on EUZ being able to raise enough money over the period to get to PFS, it was a punt that the price of the resources would increase and it was a punt on management being able to deliver the finance to get this mine ready for production. The jury is still out whatever any one says on this board but if these 3 punts are successful then I will be a rich man but it is a punt and not an investment like all AIM exploration mining and that should not be ignored.

LJS you need hundreds of drills not one to prove up a resource - KAV management are doing very well to keep the SP up but they need at leas another £10 million to get the drills done for indicated never mind measured, PFS, BFS - KAV is the true dreamers board.

Iky I wouldn't blame you for having a moan. Annoyingly I feel CB doesn't do communication well and it is all about what is in the ground or not for him. You have to give KAV management 110% for communication and also making the most of even with the placement very little cash in the bank. So another placement will be required or a partner in the near future. I would not be surprised if CB doesn't buy more shares in GLR like he did last June before a rise. I hope/think GLR have had not had bad news leaked like I don't think KAV have had good news leaked. Yet the comparison in the company's values gets more astonishing every day. I will consider buying more GLR tomorrow because I cannot believe the SP can go much lower.

The SP is actually up from 6.5p this time last year but we all even me expected more from the company and SP at this stage. The hope is that something is going on and that the fall is due to the usual no news falls from impatient shareholders and new potential shareholders not ready to take the plunge.

PI's are selling on no news which means I was able to pick up 500k shares in 2 lots at 1.23 and 1.25p. I can't guarantee good news but if the news is positive from the drilling this will shoot up.

mrcautious I agree the company did not sell the company well to PI's it was all about getting the project to mining stage - they mustn't have enough skin in the game to care.

Agreed bluegrass that the only party that could stop/control Ganfeng is Mexico but they could/should of stopped them 2 years ago but they didn't

Fozdog - I agree BCN is undervalued at 67.5p but what you are failing to understand is Ganfeng hold all the Aces. The development of the mine will be on Ganfeng's terms not BCN's, no other mine will take it on with Ganfeng owning 64% of the mine when you include the stake they have in BCN. BCN sold out to Ganfeng 2 years ago and BCN management realise that they don't have an hand in the game anymore and are going for a quick exit and I suspect M&G realise this too and are fully on board. It is a shame but the AIM market undervalued BCN not Ganfeng because a price 50% above what your average SP is over a certain period is standard practice.

I think be careful what you wish for comes to mind. No one in the industry will buy BCN and the management are puppies to Ganfeng. If Ganfeng make an offer and we do not accept it they can be bloody minded and slow down the whole process and extend their other mines. Secondly, if everyone feels this project was such a bargain why did the market not think it. It is the AIM mining market which is to blame where PI's have absolutely no knowledge on how to value a company. Yes BCN should be worth a lot more but there are many, many more junior minors who are valued far to highly relative to what assets they may or may not have. M&G will vote with common sense because there are few options in the next 5 years for them to see 67.5p again if at all. The comparison with HUR is a non starter because BCN will have an offer 50% higher than the pre-offer disclosure share price. Whereas HUR management are basically leaving the HUR shareholders with nothing.

hairydavey I agree that GLR management is looking lacklustre at the moment but it is quite bonkers how PI's value companies. Even if you disregarded the gold, Zinc and rare metals explorations we own or the income from Star Zinc or the possible income from Sandfire and final payment if the discovery comes true. Or even the fact Sandfire is the biggest player in the region and has a 4% stake in us, ignore all that, KAV is worth £22,000,000 and we are worth £15,000,000 and yet they have no money and are doing 2 drills soon and we have sanctioned I think 10 with most done in the same region. I also believe we have more licenses than them in the Kalahari region. I can only think that KAV are so desperate for more money they need to keep the SP up for the huge funding required to prove up any possible results they don't even have yet that they need to keep shareholders sweet whereas we don't need to go down that short-term route. Even if KAV find something in their 2 drills I suspect at £22 million their SP will fall. We on the other hand are priced to fail and even if we get nothing from our 10 drills I still think we are worth £15 million. AIM market is bonkers and this is because PI's with little knowledge are in charge of the SP.

I agree the announcement will come shortly after the AGM.
I have been reading up on the RNS going back from the start. The number of drills and meters in length to prove up MT is absolutely amazing and all paid for by Anglo America (AA). We have over 10 years or research and I would not be surprised if AA does not come back to the party. The agreement with Sinosteel does allow us to go it on our own and they are doing all the funding so no dilution for us just a huge more risk to take it on but the rewards are even greater. We also have cash in the bank, which will be used to prove up rosegeo and fund the investment in WK which will be self funding very soon. A remarkable last 12 months from the 2020 AGM and can't wait for what I think will be a mega divi.

The funding was in loans from the construction company interest and capital payable when the mine was up and running! So no dilution.

I am thinking funding is the big event but we just don't know who and how the Junta is involved. I was reading up on another AIM mining company last night and they had funding in place but contingent to the PFS/BFS. So the wet signature/ value event is the proposition of funding. IMO

put not but

QV is a Cypriot company and they are still active. Shareprophits (TW) but in their news letter on Thursday. I can't believe they will go to such levels to discredit EUA. They are trying to suggest QV have sol 2 thirds of their original holdings.

No you ****

Is short of EUA. They've just sent CS a letter asking him why Queeld Ventures now own 11% of the company when they used to own 29%. These people who short have no brains because the answer is simple dilution. QV bought in 2012 and actually have more shares now than they did in 2012 but the issue of more shares rasing funds have diluted them. What a load of plonkers these shorters are. QV have not sold any shares.