Bricks10 Jun 2020 16:56
I spoke the the NOMAD and it looks like it’s more dilution:-((. To quote “it looks inevitable “
I asked where the funding was for the extra testing etc, and the fact that LR had not released a statement on cost savings and reductions in salaries etc, and suggested that it would have to be more dilution and he gave the above answer
To answer your question.
1. No there has not been any reports of market abuse that he is aware of.
2. If there had been any warrants issued/sold in error or otherwise, or the issue of more shares, that would have had to be an RNS
I also asked about the CONTROLLING HAND, that a brilliant RNS stating that the assets in the ground exceeded expectations and the share price hardly registered it, and that on any mention of good news any increase in sp was clawed back by the end of the day, for which he had no explanation.
I also asked about a broker update since the brilliant RNS of what’s in the ground, for which he had no answer.
I asked about notification from LR about cost savings, wage cut etc, he had no answer.
I also brought up the subject of investor unrest and that LR is losing some support on here due to the lack of communication and direction of the company and suggested he gets LR to read the bb and see for himself.
He did seem to think that EUZ were operating par for the course for an AIM company but could offer very little in the way of explanation. However, I did get the sense that he was either taking a few notes or taking it on board. He did say he would discuss with colleagues about some of our discussion, and I told him that if he found out anything he could either call or email me.
That’s it really, nothing more I can say other than, IF anyone that reads this gives the NOMAD Rory a call, the phone number is on the RNS , they’ll be able to ask any additional questions, he seems very approachable.
ATB everyone, Pete
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