RE: EUZ25 Feb 2022 22:38
Hi Guys
Good to hear from you. When I 1st heard about EUZ I was very excited, the asset sounded fantastic. Its in a fantastic part of the world not in a location which is hard to mine and transport the asset as it is mined.
One of the 1st videos I watched with LR talking of the asset you could see the excitement and positivity of the discovery literally pouring out of him. I remember ringing my father and describing what I was watching and how I believed what LR was saying and believed in the asset.
The Mets report arrived, the asset was described as world class, we all thought BOOM!!!!!!
I topped up many times, even going against everything I warn others about, not putting all my eggs in one basket.
Where did it all start to go wrong I believe it stems from the 1st dilution, the secrecy and surprise of it was the beginning of the down fall in my opinion.
The following interviews and videos presented by LR and Co became like a cheap unprofessional presentation and was about as interesting as watching paint dry hardly reeling in potential investors.
What follows from that is more drilling holes into Toral which by now has more holes in than my 1998 boxer shorts, the last cores sent away to the lab mid 2021 if my memory serves. I also don't recall reading any RNS regarding the testing of these cores.
So what we need is a company that can promote and present itself in a professional and interesting way, one that can show direction and a clear route to market and most importantly profit. ££££££££
I was invested in Sirious Minerals which had a billion pound asset in the ground but unfortunately it did not work out for them, and they ended up selling for peanuts to Anglo American costing some share holders their life savings. I hope that does not happen here!!!
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