RE: Simply17 Dec 2019 23:32
What you have to realize right now is that long term holders are simply not being rewarded but diluted to death. I was lucky to get into this at 0.015 and rode it up to 0.077 and sold some for a large profit at 0.05 area. I’m not gloating as I know there are a lot of FCR holders under water here but what I have learnt in the last year is that the only money to be made is by buying distressed companies which are at their rock bottom and riding any waves up. I could see how low it had got and the real value in Toral so had to punt... I’ve since got a small holding as I’ve been moving it into punt stock like RLD, KEFI , EUA , TLW and NMC. What I have learnt as I say is that sentiment speaks more in this current climate than actual perceived value
And that a majority of these small caps are controlled by both the brokers and MM’s who literally control and dictate the placing prices! I was even offered by TP an option to get in on the next placing at a discount, what does that say to you? Wow!!!!
Anyway let me cut the BS and get to my point, is EUZ undervalued? Yes if there is a sale of the asset and it is going to be realized any time now! If we are are going to get another year of slow news and no hints of a sale (LR please read EUA RNS for how to present a potential sale) and more dilution at a stupidly offensive price to shareholders then the whole market will
Lose faith in EUZ and that will be the final nail. I liken us to AST really with so many lost chances and further dilution. Do I think metts will move us , yes maybe to 0.035 and then the rise sold into like all other news. What we need is news or a hint of a Toral sale to finally return some confidence in the share and company plus Give some solace
That after 30 odd years the mine is commercial.
Hope that helps and doesn’t come over as a rant... I want EUZ and LR to succeed but am not seeing any real indicators that that is anything but a pipe dream like now. It’s easy to have wild conspiracy theories like Bricks , Sched and Oil but as far as I can see there is no proof of that/those ever coming to fruition. Stop chasing unicorns and take a good look at
The actual chances of an asset sale actually happening....
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