Member Info for Magoo79

During the crux investor interview Alex let slip that drilling looks extremely promising. His words "we are extremely encouraged by what we've seen".

@rickster if you are not comfortable, please invest your money elsewhere. Everyone should do their research before spending a penny.

I did mine and I now have a sizeable holding. If the SP retraces i'll add more as i am very pleased with the progress and the potential of this company

News blackout and unexplained drop during the whole week. Very fishy and disappointing.

this is bringing back memories of another takeover that screwed many PIs: Shanta. Same modus operandi

Just changed my vote ahead of the AGM. Voting against all resolutions. I invite you all to do the same

VK has been valued $100 by the chinese and they are determined to bring it to production. Alex stated that they could start the mine in just over 2 years and at that point we'll get 30% of the revenues. That's tens of million a year, for free.

And that is only one of the assets.

We should be over 10p already. Once the market wakes up we'll rerate very quickly.

Competing offer by whom? we are done

We are getting screwed.

How on earth is the BoD accepting this derisory offer?

Shanta 2.0

RNS tomorrow ahead of the AGM? Come on Segun!

The company is still not widely known so early investors can benefit immensely when the herd arrives. This is going to slowly work its way up.

Alex is such a pro and he's proven that on several occasions

EST is the bargain of the century at this price! The level of derisking we achieved this month is amazing. We have two majors providing a combined $90M+ of funding to develop two amazing assets and one of these two majors is also a strategic shareholder. If you add that we have lots of other prospects ready for drilling and we sit in one of the best mining jurisdictions globally, we are really primed for a 10X rerate in a year or two.

I'll keep buying until the market wakes up

@Pbow when Dan was appointed CEO the company assigned him a huge amount of stock options. The SP was probably around 6p and my frustration was at a very high level so I sent a very strong email to investor relations. They replied saying that Paul Smith would be very happy to talk to me and they gave me his number. We talked for half an hour. Very pleasant discussion, nothing confidential or market sensitive, but it gave me confidence that we had turned page and that there was a credible plan. I topped up and I am now very glad I didn't sell

It does say 2.8% as in individual. Not sure what to make of the aggregate and how that is going to influence the process..

Don't feed the troll

Thanks. The change of broker may have helped. Some investors in PAT may now have discovered EML and understood the potential for rerating

Nice tick up. Good to see, glad i accumulated under 2p

Actually no, they bought and sold the same amount. Likely a transfer from one account to another, no net change in their holding

@aquinaga i had missed this one! was out all day..

great news

@cadell sorry, how do we know the chinese bought more at 31p? thanks

Yes, great presentation which clearly illustrates how the current SP, despite the significant rise over the last few months, is still very low compared to where it is likely to be ahead of the award date. If we factor in the size of the claim (updated to account for the higher POG) and the probability of a positive resolution, we should come to a 20-40% of the first. That would be a 5-10X of today's share price, minus the share taken by LCM.

He reiterated the fact that cash burn is extremely limited and that we have enough cash for the next couple of years, i.e. until the award date. India may take their time to pay but they would eventually do.

In conclusion, if you buy now, the risk of losing money ahead of the award date are extremely small. You can just buy and then sell before the verdict..

@monty the SP is not really linked to POG. I think Mark started promoting a bit more in the US and we may be getting more shares in sticky hands..