7 replies to this topic

[andi222]

Ok thanks for the information. Will be interesting if such transactions will work out. The only problem is that the JSE price is currently way higher than the price on the London exchange :/

[Matrix]

Andi222,

 

Not sure if you're following the LSE chat thread.

There was some speculation by members regarding mergers with other poor companies, and the delay of the SS.

 

I posed some questions to the CEO Laurence Read, and got the following feedback:

 

"It will be very soon and expected it to be out by now, it is delays with the consultant pulling final draft together. No sinister plots, dying to get the thing out. No merger plans at all as our project is very good."

 

So seems as if everything's on track, and it's only a matter of time.

[andi222]

Will be interesting what will happen here. As you said till Christmas we will know more. 

[Matrix]

Looks like they have some potential. If their plans work out it might be a good buy now. Bought a small amount of shares. Lets see where it goes.

 

Thanks for respons Andi!

 

Definitely has a lot of potential.

Actually a no brainer based on the findings and quantity of metals in the ground.

Obviously it does not have to be said every time that any share has risk, as we well know with all the examples that are around.

 

Average volumes traded per day in London is about 58million, only 1million in SA.

Now it's a waiting game for the Scoping Study to be revealed.

 

Big question is wether they are gearing up for a self funded mechanism to create a continuous inflow of cash, or wether the SS will be geared at possible buyers to do a take-over.

By Christmas this share price should look materially different either way.

 

Do your own research. Best of Luck!

[andi222]

Looks like they have some potential. If their plans work out it might be a good buy now. Bought a small amount of shares. Lets see where it goes.

[Matrix]

Everything still looking great on this share being a possible 10 bagger, at least!

 

Recent Update on the Toral Mine as follows:

 

Highlights:

Resource expansion potential identified at the Company’s wholly owned Toral lead-zinc-silver
project, northern Spain (“Toral” or the “Toral Project”)
Four hole extension drilling campaign extends the boundaries of the mineralisation 200 metres
to the east of the pre-existing defined JORC (2012) mineral resource estimate
Structural continuity confirmed to the east of the pre-existing resource area, with every Reverse
Circulation (“RC”) drill hole encountering limestone/slate contact containing Zn, Pb and Ag
mineralisation
Drill hole TOR-14 assayed unexpectedly high-grade results near to surface
Cost effective RC drilling programme targeted areas all within 300 metres of surface. The current
Phase II Diamond Drilling programme is being conducted within the pre-existing defined resource
area, with the first holes of infill drilling completed on budget and to schedule

 

Waiting patiently for the Scoping Study to be released, stated as being done before Christmas.

In the Executive Director's own words the share price will shortly experience a slingshot effect.

 

This share does not seem to be well followed in South Africa.

61 million share trader in London yesterday, 59 thousand in South Africa!

 

For those interested, I generally follow this thread on EUZ:

http://www.lse.co.uk...ShareTicker=EUZ

 

Obviously there is still risk, as with any share, but looks like things are falling in place for a good Christmas present.

 

I'm long on this company.

I'm a newbie, that also at some point believed in Steinhoff.

Do your own research!

 

[Matrix]

Anyone else on this? Company provided an update this morning regarding scoping study, which will hopefully be out in the next month. All indications are pointing to great findings at the Toral site, and on a positive Scoping Study opinions are still that this may be a 10 bagger. https://www.moneyweb...-project-spain/

[Matrix]

Anyone else following this share?

 

Seems like high risk, but according to some sources may be a 10 bagger if things work out in a best case scenario way.

They busy with a scoping study for a mine in Spain, and only have a small market cap of R167m.

Potential of the deposit should be known by year end, and if good upswing will be great.

 

Refer to:

http://www.proactive...cus-194327.html

 

And: