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Afternoon all, I haven't posted for a while as just sitting tight on my holding. What I find a little weird is that the Twitterati are getting quite active re EUZ, but this is not reflected in many trades, which I find quite odd. I am expecting some news in the next 2 weeks, what that constitutes, I have no idea, but there's plenty that could be updated on. Good luck all EUZ holder. ATB Verbs
Well for what it's worth I will be buying a few more if it hits the placing price, which isn't far off. If everyone keeps talking about selling; the share price is really going to struggle to go north from here and then you'll never get out. ATB Verbs
Hi Quid I tend to agree with you, to be honest I lowered my expectations some while back, which makes it easier to deal with. I do feel there is something here as it would’ve been very easy for them to fold and use the excuse of COVID-19. It’s also encouraging that Sherlock pops up once in awhile and is of the same opinion. Of course I could be totally wrong, but seeing as I’ve pretty much written it off I have nothing more to lose. In any event it would be nice to see an end to this before Christmas 2020. GLA Verbs
Hi Quidforcash thanks for your message, the first one in ages on LSE. We did meet at the 2018 AGM and I remember questioning BK at the 2019 meeting about the JPJ site and its use and the fact that it would be at least six months before they relist. I also am slightly optimistic; primarily because they still appear to be a going concern, when it would have been easy to fold during the pandemic. GLA Verbs
Sorry Teaye that would have been a good question this morning. I did spk to LR back in June and he said that he was wanting to focus on EUZ going forward; over the phone is not like in person. Maybe that was what I wanted to hear, but feel that we should know quite a bit more by August, just hope the SP can hold up from tomorrow.
Apart from the WA results in about 2 weeks the main points that I took on board were:
1. In talks with a JV group
2. Would consider outright sale
3. Looking at the precious metals for future funding
4. Looking at EU grants
5. Extension to mining licence with local Junta
MC said that they were quiet on strategy as awaiting the WA numbers first before making a strategy statement (his words). He also felt that the deleterious elements such as Cadmium and Mercury should be OK (again his words)
LR said that he wasn't sure that Lundin would exercise their buyback as the project too small, but wouldn't commit.
Oh; and Denzil may be Bricks
I have probably missed something, but it's still a waiting game.
ATB GLA Verbs
I’m in the same boat as Razel here. I can’t see LR getting a fund raise away down at these levels . A few weeks back people were hopeful of a sale circa £75M and getting 0.5p a share; whereas now I imagine they would jump at a sale £20M. Continuing to hold here. GLA Verbs