Member Info for the_watcher

https://uk.reuters.com/article/us-lundin-min-ceo/lundin-mining-has-hefty-ma-appetite-for-copper-incoming-ceo-idUKKCN1LT31F

I think the issue for Eurosun is an environmental one if I remember correctly? Perhaps someone here could clarify.

*has stated tranche B...

Reading the last RNS, it’s stated that they can’t drawdown on tranche B yet due to the historical nominee shareholder issue. Now it may be my interpretation but that tells me they’re definitely drawing down. Or I will accept they could be planning to drawdown as a matter of course. Now, hasn’t AP stated that tranche B drawdown isn’t conditional on BPL approval but also that he wouldn’t take it without having BP. So, is he as I’ve just stated going through this as a matter of course or has been absolutely assured that we will receive BPL and hence due to legal delays caused by this nominee issue that why we haven’t heard anything yet, or he knows we’re getting the association as such is proceeding to complete the drawdown?
I cannot see any logical reason why we wouldn’t be issued the association. ‘All parties onboard’ has been stated, we’ve demonstrated we can run a mine with Manaila, we have the backing of Mercuria (who will no doubt be known to Rom Gov given Rosia P involvement) in being an offtake partner (so BP ore has an immediate buyer), we’ve taken on the installation of the additional electricity supply, de-watering, installation of lift shaft, equipment rental fees and any other hoop they’ve asked us to jump through. It’ll be issued, I’m convinced.

I think we haven’t heard anything due to some legalities needing settling first re the historical shareholder nominee as mentioned in the subscription RNS. I think AP is looking to deliver one bumper RNS soon detailing approval of the association license, tranche B drawdown conditions met and as such funds drawn/soon to be drawn and any other tidbits he wants to put in. I know the silence makes some nervous but I’m firmly in the ‘believe’ camp when it comes to BPL. It’ll happen and I just think we’re waiting to dot a few i’s and cross and a few t’s before news can be released.

Thanks for clarification, Angus. Indeed, we must be close now. I’ll be ‘watching’ very closely this week. Here’s hoping it finally lands.

Angus, did you genuinely speak with AP? If so, can you expand in detail the conversation you had please? Thanks in advance.

It will come angus. Makes no sense to whatsoever as to why the Rom Gov/ANRM would allow all these 'remedial' works to be carried only to not issue the association license and no mining to occur. I know stranger things have happened on AIM but I don't see it here. Are these sells T20's closing but not being re-opened? Who knows but I'm not being shaken out and firmly believe we'll turn the corner soon.

.... the Company has not yet been able to draw down on the $5.5 million Tranche B Mercuria offtake facility ON ACCOUNT OF AN ADDITIONAL ADMINISTRATIVE ISSUE THAT MUST BE RESOLVED IN RELATION TO A SMALL HISTORICAL NOMINEE SHAREHOLDER OF AFRICAN CONSOLIDATED RESOURCES...... The reason is STATED right there in the paragraph you muppet. Filtered, not engaging with a troll who is vying for attention by turning the board into dissent. If you don't like what you see here then sell up. Simple.

It is frustrating but the real money is made in the waiting as old WB likes to put it. Genuinely think we will get the license and are closer than ever to securing it but the closer you get to the finishing line, the more anxious/frustrated you're likely to become.

Would personally rather stick to solid facts than any 'cross-ramp' tweets. *IF* BHP are sniffing around then all well and good by until it's stated officially then lets just keep our feet on the ground and manage expectations. On another note, and I'm one of the most patient investors around, where is this damned sign off for BP? We've agreed terms, had an endorsement from the Minister of Economy so lets rubber stamp the damn thing. Getting rather tedious now.

Let’s all manage expectations I would caution. And let’s also finally see that RNS land; ‘Baita Plai License Association Awarded’. Titled just like that too, if you could please AP.

Why would you need an II? If you had a broker willing to lend you the shares then you could do it. Plenty I know managed to get a borrow on the fraud that was CTAG. Also know of others who shorted UKOG too. If can you get a borrow then all well and good if shorting is your thing.

I've checked on https://shorttracker.co.uk/ and there are no disclosed shorts on there but that doesn't mean to say someone isn't short or hasn't had the balls to do it. If they can get a borrow and they're confident of a drop then some will go for it.

I didn't say it would have an effect, I just stated that can go 'short' so to speak. If you're convinced a stock is going to fall then simply betting on that direction of movement is going to net you profit regardless.

Cast, I just DID it ffs!

Really Cast? I have my spreadex account open in front of me right now and I can 'sell'. In fact, I just went short just try it out.

Cast, VAST can be shorted. Maybe not in the traditional sense of getting a 'borrow' on shares but you can go short via derivatives such as CFD's/spreadbet etc.

...raise at 0.645p.

http://magazine.cim.org/en/news/2018/prospects-good-for-long-term-copper-price-despite-current-volatility/