Member Info for martina07

Which is why U need to buy these things when they r on their back. Cud hav bt as many as U liked last week for 8p. Dusnt sound that much, but its actually 30% lower than today. In other words, as much as the likes of Glaxo cud hope to gain in 3 Years. IMHO. DYOR.

Well, I’ve been working on 10 yrs, jst to be conservative, but Lisheen in Ireland had 42 m tonns Zn and they operated for 28 yrs. Tara had 80m tons & they are still going since 1988. Lots of different factors in play, but longer it runs, lower the financing costs tend to be. imho. Dyor. Gla.

Its pretty difficult to say until we get an NPV & capex & ofex costs in the SS or PFS, but the new resource estimate has rhe potential to throw off an annual 5.9p special div , per annum, per share, including mine building costs. Its a guide & a guide only, but shows the potential if taken to a full mine by Euz & that also always for Euz getting a 20% share after any JV. Imho. Dyor. VGla.

Luks like Merlin’s new prospect at Eris Resources has finally picked up, after an unexciting start. Encouraging flutters in the Zinc space anyway. Luks like Euz SS due tomorrow, if they deliver as promised? IMHO. DYOR.

Rns reads OK, plenty of cash left anyway - and more drill results to come. Jeremy Martin finally sticks his head over the parapet too !! Imho.Dyor.

At the end of the day, there are too many shs in issue & too many loose holdings from Placees @ Turner Pope, Peterhouse & Pattinsons, who jst bought to Flip. Consolidation of stock needed at some point , to make it a sensible share price & all the Flippers need to b out. Then, the SP will move ahead. Instits dont like Sub 1p shs at all, or even 10p. Not logical, but that’s reality. Good news will help too. IMHO. DYOR. GLA.

Anyone sniff a Placing coming ? CLON hav just had one and Con havn't had one for a year.

The "Working Capital" coffers must need topping-up by now surely ?

IMHO. DYOR. GLA.

On the basis of the SASA mine, Toral, looks to be considerably larger and CAML paid £308m for it.

Looking at their Resource base too, if EUZ can upgrade their Resource to Indicated Status, Toral looks to be 20-30% larger than SASA, in terms of contained metals, even without the further drilling along strike and at depth, which is currently taking place. Also noting that CAML CEO dusnt rule out further acquisitions in 4th Quarter 2018, as you say.

All very interesting.

IMHO. DYOR.

What did I tell you earlier today people . Pump & Dump, this BOD are not to be trusted. Teeling and his 2 mates run about 6 AIM stocks from Clontarf Road and take about £500k each out of them all in fees, expenses & salaries.. None of them , apart from African Diamonds, which was sold to Lucara, yrs ago, have ever made their Shareholders a single cent, on a long-term basis. The only REAL money Teeling made was from the sale of an Irish Whiskey Distillery to Jim Beam, and THAT was a Private Company, so only he and his mates benefitted.

Do NOT be sucked into this serial POS , unless you just want to trade it !

IMHO. DYOR. GLA.

AND EUZ highest on the all-market volume board today, which is interesting. Must be some serious 2 way trade with the Turner Pope and Pattinsons Flippers getting out and new investors coming in. If they did a Placing now, there would undoubtedly be small Institutional interest, as well. In fact, it may even be large Institutional interest, given the size of the Asset. I wonder if they WILL have another Placing - they don't need one just now ?

At just under 20M tonnes, that would place Toral at roughly the same size as the original Lisheen Zn Mine in Ireland, which closed 2 yrs ago after being worked out. That was run by Vedanta, so that would potentially place another Suitors' name in the frame.

And then , of course, as I was saying earlier this week, it won't have escaped Lundin's attention either (who are a quasi Investment partner in Euz anyway), with their supposed $3 Billion Warchest after failing to buy Nevsun Mining. Also Boliden, who run the Giant Tara Zinc mine in Ireland, but which probably "Only" has another 8-10 yrs of mine life left despite recent asset extensions........

The big danger is that EUZ gets taken out too early, by a predator, but that is something Management are going to have to guard against. Either way, this all now looks a lot better than 1 year ago, just after JT had resigned and left a stinking mess behind. FCR could easily have gone bust at that point, but they haven't - mainly down to LR & MC, with a bit of guidance from CB.

IMHO. DYOR. GLA.

FS now overdue and Tesla exploring 90% Nickel/Cobalt batteries for it's next generation of EV's, yet SP nearly down to 52 week lows. whilst we still don't know who the seller is - Perplexing !!

One for the brave - but I've had few more today. ****** to the seller !

IMHO. DYOR. GLA.

Yes folks, but don't forget that last time Clontarf's BOD were in Bolivia, via Pan Andean Resources (which is still a part of Clontarf), 10 years ago, they couldn't get the Gas or Oil out of Bolivia as no-one wud let them build a pipeline and they just scrapped the whole program. This is just old assets being re-cycled - an old J Telling/Horgan trick.

Also, Lithium batteries are being rapidly replaced by new ones with a 90% Nickel content, as they have a better life and charge better.Check out the Tesla website , if you don't believe me. I'm surprsied they haven't gone for a Graphite Deposit as well, just to complete the picture of trendy minerals !

Not saying Clon is doomed, but beware of this Management's ability to swing a popular "Story" - always dangerous. They have done it a LOT in the past.

IMHO. DYOR.

Re-Logging RNS today reads very well - for those who have actually bothered to read it.

18% Increase in Inferred resource up to 19m tonnes, which takes us up to almost the 20m mentioned by Merlin Marr Johnson 2 years ago, at the site visit. Also extends the otential Mine Life by at least 3 years, which the project more attractive to a potential JV Partner or Buyer.

And, of course, non of this has really cost the Company any serious money, as it's using Old "Core", again, using intelligence to avoid blowing money on unnecessary drilling, as JT wud probably hav done.

Let the flippers Flip - the fundamentals have only got better.

We need some "Indicated" Grades, then we are off to the races , IMHO.

IMHO. DYOR. GLA.

And,

Ugggg ! SP being slowly walked-down by MM's on lack of any meaningful news. A tad depressing ! Buyers conspicuous by their absence.

IMHO. DYOR.

Agree with most things U say Gorilla, but LR got out of RLD some time ago and CB was never in it in the 1st place.

The real culprits for fekking it all up, were Bernard Olivier and Ed Nealon, and the new guys look like a bunch of "Lounge Lizards" too !

The other big problem with RLD , is that the Assets are *rap. Grades too low and stones too small, and the Gemstone market is in a Bear phase, thanks to Global Artisinal mining, All in all, not a good combination.

IMHO. DYOR.

Interestingly, Lundin just had a $1.5 Billion hostile offer to buy Nevsun turned down for the 3rd time and have been beaten to buying this Copper/Gold Mining Co by a bid of $1.65 Billion from the Chinese Zijin Mining.

Hence their "warchest" now available to buy "Something Else".

Also interesting that recent BDO mining Report highlights the significant shortage of Copper Mine development coming on stream, and not really until 2025 onwards that some of supply shortage addressed.

IMHO. DYOR.

Abolutely Oiltap, and also worth pointing out that it was largely LR who alerted JT to the Toral Project in the 1st Place, when he was a Director of MAFL. They sold the Toral deposit, as owners of "Crestgate", who, together with Lundin owned the Toral/Lago Project.

In short, LR knew and met with the Lundin people, long before the true value of the asset was proved up. They probably didn't trust MAFL to successfully prove the thing up & have, no doubt, been keeping a watchful eye on it ever since the sale.

The other Mid Cap Party who may well fit the bill as a Suitor, in my mind, is Boliden (also a company of Swedish Origin, Like Lundin, despite the latter's current Canadian Listing).Boliden have a considerable interest in the Zinc/Lead market and own the massive "Tara" mine at Navan in Ireland, which has just had it's mine life extended. The deposit there was a historical 42m tonnes of Zn/Pb. They also own Smelters in Norway & Sweden , which are currently under-utilised. Glencore are also a possibility , as they own the Spanish Asturias Smelter in Spain, but I think that they are too tied up with drilling Pallas Green, in Ireland to bother with Toral - It would be "small beer" for them to buy or JV it though.

So, these things potentially all tie together, but the one thing that still doesn't, is : why haven't the Directors (apart from CB) filled their boots, in the market. Seems very odd to me, if they are so "Excited" about their project, as they claim to be on Proactive Investors & Sharetalk podcasts .............. ?

IMHO. DYOR. GLA.

Interesting piece in Reuters press 5 days ago saying that new incoming CEO of Lundin Mining waslooking to go on a buying spree, with a $3billion warchest in "Safe Jurisdictions" . Mainly looking at Copper Assets, but also other "in Demand" minerals, from Exporation Cos, if the mine life is long enough and the asset substantial enough. Of course Lundin would naturally take a royalty stream from Euz if the mine proved to be viable, as per the original Toral deal, where he asset was originally bought from Goldcrest/Lundin.

Interesting times ahead I suspect, but clearly LR "knows" a lot more, than he currently admitting to.

IMHO DYOR.

Interesting Reuters Press Pieces 5 days ago saying that the new incoming CEO at Lundin Mining is looking to acquire Copper Assets, in "Safe Jurisdictions", where prepared to spend up to $3 Billion. But also in "Exploration Co's" with a proposed budget of up to $150m, where the Assets are substantial with a 10 yr + mine life.

Clearly Mankayan not in a "Safe" Jurisdiction, but certainly fits the latter Bill...........

No doubt other "Mid Cap" Mining Cos are having similar thoughts - as well as Industrial End-Users.

IMHO. DYOR

I wonder if we will get an announcement that an Institution, or potential trade buyer or JV Partner has bought a decent shareholding in EUZ, alongside the Scoping Study release ?

Or even that a JV has been signed ? Just wondering - don't know this to be true or not, but it would make some sense ? LR's personal demeanor of late has been pretty upbeat.

IMHO. DYOR. GLA.