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I’m in mining shares where the JORC hasn’t made the slightest difference to SP, but those weren’t undervalued to the extent this is, JORC will bring this back to a more realistic value, which, in the case of EUZ means JAM, lots of it ! IMO
really not bothered by the finish. Though I am disappointed on EUZ's behalf that it sold cheap stock at mates rates and a week later they are using it to bash down their SP recovery. With 'investors' like that who needs de-rampers ?
Yes, this does smell of a tree shake. No way people aren’t going to load up leading into a potential game changing announcement. I disagree with Gizzard about the JORC being late, it was promised in Q4, and that’s the only official statement on it as far as I know.
I’m looking at less as what specific price the JORC may move the SP to on the day and more at how that JORC upgrade will support the SP long term, and help stabilise it. Mets , further drilling and further investment will only add to that. I wouldn’t be surprised if a positive JORC result was met with a downturn in SP (I’ve seen everything on AIM) but would likely also mean a correspondly higher resistance level. It’s important not to just think as far as the next RNS.
I am assuming that the mining licence cant go in until the change of use application has been passed, which I seem to remember was lodged last September ? The applications tend to take 18 months, so that means April, which will time nicely with the (hopefully) updated JORC, rising share price and further copper news. For the first time in some years things seem to be lining up here...... Im hoping LR gets the 'stable SP' he was hoping for by the time bidders start lining up.