Member Info for SwearinNige

Roosters
22-Nov-19 10:22:56 0.5033 164,042 Sell* 0.27 1.27 825.62
On alternative platform marked as a sell!!

Oiltap, Been watching this one for a while and going to buy this coming week or 2. Thought I was on the wrong board when your name popped up LOL

Mcap of £3m for what you have here seems crazy, IMO.

Another interesting link below

http://www.europametals.com/site/PDF/2817_1/euzmagmaminelanduseprocess

On the enviromental side at seems we are quite well advanced IMO

Struggling to sleep so I have just been reading back on some of the RNS's relating to drilling, most interstingly 15th May, 13th June, 11th July & 15th August and have found it intersting to see that in each of these we were told the target depth of each drill. Move forwardto the 15th Nov & 19th Nov, and no mention of a target depth.

Now LR has often said on podcasts that we remain open at depth, so are we going to sink a deeper drill here to what else we have or are we just going to target the higher zone to hopefully move more metals from infered to indicated?

Only a thought but we should find out in circa 3-4 weeks time, or maybe a question someone could ask at the AGM

"Twitter", I would always invest on what someone says on twitter! LOL.
I would rather listen to the local ****head spouting carp, the local drug user and throw a dart at the FT shares page to see which I should invest in.........
Joking aside I researched a company last year for 5 hours whilst on holiday before investing and I 6 folded my cash in 3 months, because I didn't use any of the above...
That said as a LTH here I did get this wrong here, as I bought at a much higher price than where we are now but have managed to average down some what. Now just a waiting game I think, maybe as early as Q1 2020.
GLA
PS some great informative posts / views from the usual crowd over the last 2 days which I have enjoyed reading back on.

Croz, it will come when it comes mate. Just sit and wait patiently.

Looks to me like stop losses are being triggered

Drilling operations were completed with the subsequent installation of a slotted 4½" production liner. Field observations at the wellsite indicate multiple natural fractures, and oil shows were encountered during drilling. Direct measurements of WR-38Z's productivity will be available when the Company's planned well test is complete: Block will provide further guidance on the Well's test results over the coming weeks.

My interpretation of next news is around 30+ days from the last Operations update so possibly around a week on Monday, however they may plan to do an Extended well test which would be 90 days, but I think we should get the 30 day flow results first.

In the mean time just sit back and await news, or top up.

As long as it is before the AGM, I think all will be happy with that.

We may possibly get the WR30 spud before the flow rates of WR38Z, but either way I am happy to sit back and wait for the gas Q1 2020. If this drops much more I may even average up again, yes Mike31 UP, not down. Good luck all.

And it should be a good one too Bricks. Hopefully the METS are published before.

Cmin, Yes I was about to comment on that, and it happened yesterday too. Probably the same idiot!

Cjen NPV must be higher than $110 by now. That NPV was calculated before the release of the last JORC and the METs will also have an impact. Imo.

I would agree with that Cjen with the percentages moved to indicated and the increase in tonnage but we could receive a low ball offer so for now I won't go shouting huge numbers from the roof tops.

The burning question, "How many $$$"? Personally I would be happy with anything over $100m and delighted at $150m+

Hope you right Bricks, it would be the best xmas of my life!!

Bricks, a small part of me agrees with your opinion but another tells me that we still have critical work to do, so could be late Q1 2020.

BricksSA, I think we are reading the same page...
Numtypi, Good post, I still have things which nag me, but I believe this is down to the companies structure, ie too many shares in issue and a shed load of warrants outstanding as well as the past errors due to the ASX listing which as been addressed a year ago but the price never recovered and the huge dilution. That said any sniff of a JV/Buyout this will 10 fold in a heart beat, 20 to ?? fold on a RNSd offer.

It is human nature to worry when the Mcap of a company is so low to buy shares and the easiest thing in the world to do is to buy at a premium on good news. Like I have said in a previous post, I just wish I had more funds available at this time. I have however got quite a large holding in another company which I was up by 600% 6 months ago but now the SP has dripped away but expecting news very soon which should see me able to sell c50% of my holding and buy more here. Before dilution I held almost 1% of the company and I would like to get back near that figure, although unlikely, I will probably have to settle for around 0.75%, but that is a huge amount of cash on a buy out at $110m plus.

Not meaning to get carried away here but I do believe this could be life changeing for a few that post here, as I know that between about 10 of us LTHs we own a signifcant amount of the company and if it was one of us a TR1 would have to be declared as about 7% holding.

I truly believe that EUZ should now do a share consolidation, say 1 share for every 100 or 1 share for every 1000. I know this shouldn't make difference but it does, BRD (Blue rock diamonds ) recently restructured like this and it's share price as doubled without any significant news since.

And bully's special prize !! A speed boat!! which we could do with instead of a car at present in South Yorkshire!!

Tico, I have listened to it 3 times, once in beer and twice sober!! I am looking forward to the AGM now especially that we have 2 or 3 on here that are going to attend. A week ago we all thought the AGM was all going to be about the METS, now after that RNS yesterday it opens up a whole new route for discussion with the geotechnical and hydrogeology studies along with the significant silver component, of course as well as the new drill to the west.

One thing I am sure of is the company is going in the right direction and the accelerator is at the floor. Just lets hope we don't run out of fuel, otherwise known as Cash.

In the interview LR did say without dilution. Let's hope that stays like that, cautious that we already have alll those warrants outstanding.Exciting times ahead and I just wish I had another wedge of cash available.

GLA

Anyone wanting to increase there understanding of what is going on should watch a few of these short videos.

https://vimeo.com/blockenergy

Pre open looks like a blue start.

GLA