Anyone know how JSE holders might be affected by the consolidation? Will the 1000 GBP threshold be calculated purely based on the share price on AIM? I ask because the share price on JSE cannot be traded below 0.01 ZAR (about 0.05 pence), meaning a JSE holder with only about 2 000 000 shares would meet the 1000 GBP threshold.
Hang in Mokgone. Few more weeks left. Good to see a fellow 29 year old making bold investments. Let's hope it pays off soon lol.
Happy bday for tomorrow Sheds and GLA as always. Almost there with extremely important news.
Fair question Newbie. The thought did cross my mind as well. I think LR deserves to have this question posed to him :) He's on record saying we won't need to raise money any time soon, we need a clear strategic plan communicated for life after Q1 to confirm this.
The land use application process was initiated mid September 2018. Estimated to take 18 months to complete. All seems to be lining up well indeed.
Buys going through on Nex...
I think you're mistaking me for "TheLongerGame" there Sched ;-)
Just simply adding to my tinfoil theory here :) "We are consistently delivering on our strategy of diversifying earnings across multiple commodities and jurisdictions and I look forward to updating shareholders as we head into a new year and continue to advance our rapid growth strategy." recent comments by Leon Coetzer, Jubilee Metals CEO.
Lol great minds Oil. Let's hope our thinking is vindicated. A lot of variables at play at a strategic level here so hard to predict a final outcome. One thing we can agree on is that this is an exciting period for EUZ and the future of Toral.
Good analogy there Oil. Cards seem to indeed be held close. I can't help but wonder what one Mr Bird might be plotting in relation to Toral... He's an industry heavyweight with some influence. The recent Offtake agreement between Galileo Resources and Jubilee Metals (CB is on the board of both) comes to mind and makes me wonder if getting Toral into the fold is part of his thinking. A bit of a long shot theory I must admit :) but CBs presence surely can't be ignored.
So much drama in the BB recently lol, but can honestly understand why some LTHs are so bitter. I'll simply take LRs word and wait for Mets and Assays. The research facts and figures are solid and that's enough for me to remain invested. If the BOD is just as baffled as we are about the SP then it's honestly anyone's guess why the SP is where it is. My bet is on the tinfoil hat Market Manipulation theory :). In any case I've previously stated that the SP will likely move in the 0.02 and 0.025 range until such a time that an announcement of a JV or sale is made, and I'll stick to that belief. This will be a test of patience for all, but I believe the end is nigh. If nothing significant materialises this year then hopefully we'll all attend the AGM and vent our frustrations in person :) GLA. IMO.
Anyone have a rough idea of when we can expect the full Mets to be announced?
Crazy isn't it. However this EUZ/Toral journey ends, I hope we somehow get to find out why this SP was so severely suppressed.
Agreed Sched, Mr "Marvelous" Waite sounding a mini alarm was a bit annoying, but LR responded well by highliting that the company has not run out of money and is simply making a strategic decision to stop drilling when no value (especially in the market) is being realised from all that hard work. Focus will now be on marketing Toral as a promising and viable project and providing more than enough data for decisions to be made by interested industry players. I'm more than happy to patiently wait and see how this new strategy plays out.
Will continue between 0.02 and 0.025 price range (approximately) until such a time there's a solid indication of Sale or JV money coming in OR until the invisible hand behind this suppression decides to let this go IMO. Until then, top up, sit tight, hold, and wait for Q1 news flow. January almost over, two more months to wait for what should be very intriguing news.
Let's hope LR and team secure and announce that sale soon. Seems to be the only thing that will move us from these ridiculously low and blatantly manipulated SP levels. Nonetheless I'm looking forward to the Q1 news flow. GLA!
Just listened to the Vox Podcast. Really positive in my view: 1) Anti-dilutery steps being taken as the company is under no pressure to take measures to raise more cash anytime soon, 2) Emphasis on optimizing data to make the asset even more attractive 3) LR is giving attention to shareholder value, is just as baffled about the SP as we are, and is trying to figure out what the market could possibly react positively to.
Great RNS. Glad we've come to the conclusion that further drilling will add little value. Onwards to a sale. I've learned not to pay too much attention to the SP as a EUZ shareholder. News and Comms from the BOD is what's important here. GLA!
Anyone know how many more holes will be drilled once 025 is complete?
JSE volumes currently higher than LSE. Lol!
So does our only hope of escaping these Peel-enforced price levels lie with a potential buyer being announced?