Before EUR exploded with SP gains I was
"Interested" in the stock. I got
'Excited" when I sold EUR for fun and profit. Now that I am back in for the
"Long Haul" I am only
"Interested" once again.
Very Interested.
Folks when the
"Old Penny Stock Trader" stops selling and buying on the highs and lows maybe it is time for you to take
"EUR" seriously for the very near future. But please remember, I am not a great penny stock investor. I am only a
very good penny stock investor. But it is your money and your decision in the end. I am only here to make money so maybe you should not listen to me. But be sure and keep watching the gains for EUR in the future................
And for those with reading and understanding comprehension skills, EUR management just gave away the game plane for the future in the release highlights that I reposted below. This is all too easy now. Of course for the "never EUR" posters a very sad future for sure.
FINANCING DISCUSSIONS WITH POTENTIAL PARTNERS UNDERWAY
Since the publication of the PFS, discussions with potential partners have intensified and management now expects that the most likely financing solution for the definitive feasibility study and bringing the mine to production is a partnership with/takeover by an industrial lithium user.
We estimate that EUR currently has 204.3m options outstanding whose exercise would generate proceeds of AUD20.4m. EUR had net cash of AUD4.5m at end March 2018.
We assume that the definitive feasibility, baseline and environmental impact studies, permitting and other operating costs will consume ca. AUD20m ahead of the start of production.
Pending the outcome of financing discussions with potential partners, we have modeled the issue of 111m shares raising net proceeds of AUD20m to cover this sum.
Our valuation of the Wolfsberg project is AUD206m.
Sentiment* Position* BULLISH and HOLDING for THE LONG TERM
