Linkedin11 Dec 2020 21:05
Hi chaps. On LinkedIn EUZ have posted about Zinc being at a 19 month high due to supply worries.
Although it may be a worry, EUZ have no mining licence, are 12 - 18 months away from even starting to break some ground so why do they bother posting this information?
I know some of you are not worried by the current SP but it worries me. It tells me that nobody is interested in EUZ. With every RNS we should be building interest and excitement, currently I am seeing neither.
EUZ current cash burn is approx £160k a month, so I would say their cash reserves will only last another 12 months max, then what? Dilution? Another EU grant? Administration? Sale on the cheap?
I hope LR and co enjoy drilling more holes, because I for one am feeling a little nervous.