RE: Why down?13 Nov 2021 17:44
Just back from walking the dog and see that the board has been busy!
Good to hear from you, Shed... To answer your question, my belief is that a deal was about to be signed in the summer (so-called value event) but that it hasn't been brought home. Was there only one player in the mix? Possibly, but I doubt it.
I haven't had a response from LR yet, but hoping that he will before long.
One difference here which makes EUZ stand out against many other miners is that we are in Spain, in an established mining district. We aren't in a developing country and we aren't likely to battle cowboy courts. And there is a metals shortage.
I firmly believe that we are still in the game and that we are in talks with a party, or parties.
If this was a big pocket-lining scam, LR would be treading on dangerous ground as we are drawing down on EU funds; I'm not sure the EU would take kindly to that if there was no intention to progress Toral.
In terms of diversifying, I don't have a problem with it. As I said earlier, it doesn't mean that we are necessarily taking our eye off Toral. A million pounds doesn't have to buy an asset outright... it could just be buying a percentage. And if it's an asset which could generate income, some much the better.
Almost fell off my chair when you (Sheds) mentioned that you may still be topping up, even if only under 5p. As I am thinking along the same lines, except that I will take some more at current prices, which would definitely help my average.
Each to their own, I understand, and many may think I'm nuts...
One final point - again as stated before - as much as LR might be blamed by many for not getting us over the line yet with a deal, it is worth remembering that as much as we are the ones with something to sell, we aren't the ones buying, and as such we don't determine the timeline. It's just taking a little more time.
Anyway.... back to the rugby... :))