Good luck on that Teaye. If you averaging down wait till next year you'll be scooping up at 2p. For what though? Another dilution? I doubt there won't be another as I think DB will cut their losses and PIs will turn their back too.
2022 this will be a distant memory. LTH will be forgotten about and we will dwindle down to single digit posts and trades like earlier in 2021.
This is definitely not my hill to die on and will put it down to an unfortunate experience. We can't change the past so best to accept and move on.
Hey we have Christmas and it's December 1st :)
Yes MM can't argue with that, the PFS is a big flaw and without it the sale/JV will go through at a fraction of the price it should. Someone will benefit but not us. There's lots of rose tinted glasses on here under the impression we are going to multibag!
I hope for them it does but I simply cannot see it. Why on earth do they not want to spend the new funds on this beggars belief. I wonder what Wardell Armstrong think of all this.
Highside, I do feel like my head is going to explode and yes full marks to Cjen. I'm not shooting the messenger and as stated before my gratitude to Cjen for all the hard work and coordination.
If anything I have far less confidence than I did yesterday and would not part with another penny of mine on this stock. The trades say it all anyway, there is no renewed confidence in the market after the AGM.
Numptypi, you said:
"Do I believe that this will become a successful mine, yes even more so."
At what cost, when and more importantly for who? Without a PFS it's going to go very cheap and you and I won't see a return on our investment. Yep whoever buys it will have a very successful mine that we as EUZ shareholder won't reap the rewards from.
I'm baffled that they now say we're not funded for PFS but will do this fag packet version. Is that because they have only secured enough funding that DB are willing to give? Surely if DB were confident they would invest for PFS to be completed? OR is this last chance saloon where they have said take this, sell Toral and get my money back.
What it shows is that PFS is way off and not funded and they have to do a fag packet version to try and JV Toral and they mention "Value Event" in other RNS's after the summer of 2021.
Would I put more money into this stock? NO.
Could it sell or JV? Potentially but IMHO no way near the projected NPV without a PFS.
Am I selling? NO, holding as may get a little more if it JV's and if it doesn't happy to wait for RTO.
Thanks CJEN, much appreciated. It's unfortunate that you're put in a position where you have to provide us with communications and our BOD, in particular LR can't communicate this to his shareholders.
Well done and a huge debt of gratitude.
Good move Highside. I'm going to hold and sit back and set my buy limit to 2p which I'm sure will kick in in 2022 Q2 when IMHO the money will be drying up and AIM Cash Shell time. Hopefully as Boris Johnson is such a fan of Pepper Pig the next big children's production TV company will RTO and EUZ will become PP2 lol.
RIP Toral, welcome Pepper Pig 2!
I'm hoping for the following:
1) During AGM, 6 ticks in the "AGAINST" box and press the "ACCEPT" button.
2) Installing updates "NEW BOD" please wait.
3) Immediately after AGM "CTRL-ALT-DEL"