Member Info for lor_9

A few big buys trickling in too. One for 100,000 shares, the other for 263,000 so prepare for a holdings RNS to come soon as well maybe?

£80.5 million of sales in H1 exceptional! Forecasts for the full year are around £120 million so this is poised to smash those too. Some big growth ahead. F1 has been a real winner, it's such an important game for the company.

* knowledgeable about what is coming. Sorry for my error

I think we have to accept that this share is traded a lot and is what mainly drive the short term price. With no immediate news expected, traders move on to gamble their money elsewhere and look for that 20% in a day return they crave (especially with no speculation to drive the share price up or hype that it is the next 10 bagger). As the share price falls, their stop losses are triggered, or not seeing a quick return they decide to sell, further reducing the share price.

This can only be good for long term holders who strategically invest when the share price consolidates. Look at the market cap and it is around £5m. Does that seem fair to you when looking at comparable companies? I said this just after the consolidation when the share price was 5p. This time there is £2m in cash also. Yes, that money will be spent but hopefully it will go towards demonstrating that a mine can be feasibly developed, ticking off items along the way in the development processs (e.g. hydro, enviro aspects) and showing that the NPV of the project is significantly higher than expected.

I don't usually recommend to buy EUZ as it's my shoot for the stars company but I think there's been such an over reaction/boredom here that it's looking like really good opportunity again. And we can get in below placing price. Those investors who participated will be far, far more knowledgeable about the coming and will likely know the long term plan better than any of us (unless anyone here has close links with management).

Results look good but post-tax profit/EPS is down?

Quite a tasty 405k sell earlier today for 9.55p. This has to be someone big selling their holding - maybe Colin Bird?

I'd expect a fairly quick rebound here - it's likely just people taking profit on results day. As they say, buy the rumour (or excellent trading updates), sell the news. Perhaps a good buying opportunity for a little top up

Sheds, can you remember when the current permit expires by any chance? I had a feeling it’s really soon? The local area seem very positive about a potential mine however

Some very high volume yesterday. Do we think there is a leak on possible news?

@Joe - 500k shares traded. Since 8:15 all buys between 14.275 - 14.5

You can sell for 12p on IG

Interesting how the indicative buy price has been marked all the way up to 18p, round aboute 40% higher than yesterday. Spread on this has gone back to being huge for the open again

@sweepie can you post a link please? Looks like the tweet has been deleted now...anyhow it could be TERNaround time for this share if we're lucky!

It's well within a company's power to decide when to raise equity and they should be targeting as high a price as possible so they get as much money in. For example, raising at 15p would mean an extra GBP350k through the door. More than enough to pay for another study. Unless of course there was pressure on the timing for some reason or from someone...

You really have to question the price and why it's at such a big discount to the current share price. If you're going to raise new capital at least do it at less than a 10% discount so your current shareholders don't get shafted

"Europa Metals is pleased to announce that it has raised £2,000,000 via the issue of 15,686,274 new ordinary shares at an issue price of 12.75 pence per share to certain existing and new investors."

The Fundraising is conditional on admission of the Fundraising Shares to trading on AIM and will represent approximately 31.9 per cent. of the Company's enlarged issued share capital.

The Issue Price represents a discount of approximately 22.7 per cent. to the closing mid-market price of an Ordinary Share on AIM of 16.50 pence on 18 August 2020, being the last business day prior to the date of this announcement.

The Company is pleased to announce that both Laurence Read, CEO, and Myles Campion, Executive Chairman, have participated in the Fundraising by way of subscriptions for 78,431 new Ordinary Shares and 78,431 new Ordinary Shares at the Issue Price respectively.

They've dropped the fundraising bomb but at least we have cash now. Slightly disappointed we weren't invited to participate

I wouldn't say that derogatory comments are the way to welcome someone to a message board. I meant I'm not an expert on the way market makers are operating. Anyhow, each to their own and good luck to you and your personal pursuit to defend Bushveld. I won't ask questions in future

@Alfa potentially it could be but after monitoring and analysing the trades over the past few weeks surely that would amount to some form on manipulation of the share price by MM's? There has been no real news in that time and yet like clockwork as soon as the price rises the 100k sells come out. The price then drops and of course more buys come in at lower prices. I'm not expert on this but it seems to be a recurring theme on Bushveld which makes me very cautious

Are you guys looking at the same trade data as me? Out of around 3 million shares traded, there have been at least 5, 100k+ sales, amounting to around 1 million shares. What part of that proves that there are no sellers?

BMN opened a bit higher and there were quite a few buys going through but very quickly the 100k sales reappeared. I've said it before and I'll say it again, as soon as the price even slightly rises on this, the 100k sales come out.