Alexulf
5 meses hace
ESM Responds to EU Commission Call For Strategic Projects!
https://ceo.ca/@globenewswire/euro-sun-mining-responds-to-european-commission-call
Part of article;
ESM wishes to confirm that the Company has formally begun proceedings to list its Rovina Valley Project (the “Project”)
with the European Commission as a “strategic project” for the European supply of critical minerals.
Following a meeting held on May 27, 2024 with the Romanian Ministry of Economy, the application for the Project to be
designated as a “strategic project” within the European Commission’s Critical Raw Materials Act was sanctioned.
This positive development will take place whilst Romania continues towards overhauling its
existing mining legislation to align with the Critical Raw Materials Act.
IMO very important news, yet the market do not react (so far?), with a gain in the share price - maybe a delayed effect will play out.
With the project officially supported by the EU commision, the Romanian side will also play ball - no more stalling -
cause now it`s in the interest of the new government to succeed with it, not only the company itself -
the CEO`s 4% stake of OS is also a significant fact that will pay of to shareholders.
Alexulf
7 meses hace
South African leading critical mining project , the EU prioritised metals from Euro Sun Mining - is now offficialy on the governments new "Europe's Critical Raw Materials Act" (the CRMA), see post 274. The CEO of the company, has made calculated moves during the time he been leading ESM.
Being the largest INSIDER SHAREHOLDER - Close to 4% of OS - specialised in quick turnaround of projects (see his resumè). Allegedly not taking any salary now until 2026, at the start of first production; latest video interview with Mr. Grant Sboros:
If videolink do not work, search; "South African leading critical mining project in Romania where red tape is being cut" on YouTube
Always do your own research, I`m biased as being invested in this company
Alexulf
7 meses hace
Some basics, as we all have different knowledge if it`s the stockmarket or other.
Here is the Euro Sun Mining stock - CSE version as OTC version is on the board. https://www.barchart.com/stocks/quotes/ESM.TO/overview
Copy/paste some facts from the link above;
0.0550 x 265000 0.0600 x 15000 = lot of buyers on 0,055 - only 15000 selling 0,06 - meaning high buy pressure compared to sell = prices will go higher
Fri, Apr 26th, 2024
Volume 88,000 = about 25% trading volume, compared to avg 376000
Barchart Technical Opinion
STRONG BUY
The Barchart Technical Opinion rating is a 100% Buy with a Strongest short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
Avg Vol 376,494
Stochastic %K50.00%
Weighted Alpha-22.98
5-Day Change (unch) - consolidation, keeping the same level some time.
= a summary indicater on the overall status of the stock at that specific day.
Alexulf
7 meses hace
Just found the CATALYSATOR, Monday I tell you. Actually, it`s more of the spark that ignites the machine. Two positive news releases within a relative short time frame and strong technical BUY chart, all blinking GREEN and up for us.
As the first news made a strong impression on the market, the second one (in this week),
has so far not done much noise, maybe a delayed effect next week?
https://www.eurosunmining.com/wp-content/uplo...un-PPT.pdf
Adding it up on Monday, might become a continued trend up then - time will tell.
Wish all a good weekend Always do your dd and research if to invest.
Alexulf
10 meses hace
Gold Prices Climb Amid Middle East Unrest, Investors Eye Federal Reserve's Next Move
The surge in gold prices continues as geopolitical tensions in the Middle East intensify, with a firm stance from the US against drone strikes on its military personnel. However, the anticipation of the Federal Reserve's forthcoming decision on interest rates may cause gold's upward trajectory to stabilize.
Attention is squarely on the Federal Reserve, with the market predicting the maintenance of interest rates within the 5.25% to 5.50% bracket. The timing of potential rate reductions is under scrutiny, against a backdrop of moderating inflation but enduring economic resilience, underscored by strong labor markets and consumer spending.
A busy week awaits with a series of key US economic indicators set to be released. The sequence kicks off with the ADP Employment Change, closely tailed by the Federal Reserve's policy update, and culminates with the ISM Manufacturing PMI and the Nonfarm Payrolls data.
In the midst of rising geopolitical unrest, gold has reached new highs, touching nearly $2,040, propelled by its safe-haven allure. The US's response to the drone incidents, which Iran has denied involvement in, has further heightened this demand. Yet, gold's future movements are likely to be heavily influenced by the Federal Reserve's imminent policy decision. Despite an anticipated hold on rates, the Fed's perspective on inflation and monetary policy will be critical for market watchers.
Which is something you can’t afford to do in today’s economy.
Investors are keenly awaiting the Federal Reserve's insights on potential rate adjustments, with a particular focus on whether a more dovish approach might be signaled in the near term. Moreover, forthcoming US economic data, including the JOLTS Job Openings and the official employment statistics, will be closely monitored for their impact on market dynamics.
From a technical standpoint, gold exhibits bullish signals, maintaining its strength above significant moving averages, though the Relative Strength Index presents a more nuanced view, suggesting a cautious approach. As these diverse economic and geopolitical forces come into play, investors remain on high alert, ready to adapt to the evolving market conditions surrounding gold and the wider economic environment.
Alexulf
1 año hace
2,5 weeks... will they deliver within the timeframe they said? And then... will it go ballistic or climb slowly and steadily - time will tell; looking back, it has done a 400% climb earlier. It can happen again, and possibly more.
Given the undervalued position, there is room for a significant "jump".
I have gone through the press releases and videos, and the potential is growing.
Yes, actually, because the gold price will bounce back hard and benefit them.
By the way, do YOU want to moderator as well?
Alexulf
2 años hace
If Takeover by another, what value is Today, 2024, or 2025 - this a relevant question; it might be a takeover candidate, and if so, probably a major producer.
Found an interesting piece, if this scenario will come one day;
https://miningmaven.com/blog/1049-euro-sun-mi...tcqb-cpnff
If you want the date of the article, contact them -
some info is relevant, but others might be outdated.
Looking at the ex-CEO previous mines, he is a very good dealmaker
https://eurosunmining.com/investors/#presentation
Alexulf
2 años hace
Using AI/Chat GPT On Bing Search; What is Euro Sun Mining Target Price 2023?
The potential target price for Euro Sun Mining in 2023 varies depending on the source and the method of estimation. According to MarketScreener123, the average target price for Euro Sun Mining is CA$2.17, with a high estimate of CA$2.50
and a low estimate of CA$1.75.
According to MarketBeat4, the current share price of Euro Sun Mining is C$0.05, which implies a potential upside of 4232.75% if the target price is reached. According to WSJ5, there is an analyst covering Euro Sun Mining, who has a buy rating
and a target price of CA$ 2.00.
Conclusion; Using Chat GPT/AI technology, we get away from a biased opinion.
No emotions or other human influence - only the way one does the calculations
about the projects, can have some differences.
Marketscreener123; Average Target 2.17 CAD - CAD $ - Canadian dollar
CAD $ - kanadensisk dollar2,17 = USD $ - US dollar1,60 (May 4 -23)
The high estimate of CA$2.50 and a low estimate of CA$1.75.
MarketBeat4, the current share price of Euro Sun Mining is C$0.05, which implies
a potential upside of 4232.75% (42 X) if the target price is reached.
My reflection; this is counting the gold price of today - the general math says
if the gold price increase by 10% then the share price can gain 40-50%.
Good luck all shareholders!
Alexulf
2 años hace
Hi guys, let`s see if we can get some action! The markets in general, are a bit slow.
Though I expect our catalysts for this quarter to be both the gold price if/when we reach 2100 dollars,
then the technical indicators are set for a strong rally.
The other catalyst would be the final environmental approval,
which is to be expected this quarter (if all go our way).
If you have not read the latest on the website, check this out;
No fluff, but straight facts and IMO a professional company;
https://eurosunmining.com/wp-content/uploads/...un_PPT.pdf
Alexulf
2 años hace
The company's shareholders, management, funds, retail investors, and the free float.
Latest update;
10 Apr 23 BuyCA$600 Grant Sboros Individual 10 000 CA$0.06
06 Apr 23 BuyCA$15,480 Grant Sboros Individual 258 000 CA$0.06
05 Apr 23 BuyCA$5,270 Grant Sboros Individual 92 000 CA$0.06
31 Mar 23 BuyCA$2,250 Grant Sboros Individual 50 000 CA$0.045
30 Mar 23 BuyCA$34,000 Grant Sboros Individual 800 000 CA$0.045
In total the 5 latest purchases by the CEO, the sum of close to 60,000 Canadian Dollars
info@eurosunmining.com for Investor Relations or see the company website.
Alexulf
2 años hace
Checked the 1-month chart now, slow yet steady uptrend.
The 2,5M the company will re-pay to officers and directors, comes from the first financing - then it was worth a lot more (see 2017 financing by the CEO and others).
I like this fact - as it is a motivation factor for all parts to make it a success story.
The institution's (funds) large shareholding is a guarantee the mine will be built.
With the huge resources, due diligence is a big part of considering investing.
As EU regulations and laws apply, things take time - but the upside is a certainty.
Given the increasing importance of self-sufficient in gold and copper, the EU Commission has a big interest in this project will be successful - big money and politics go hand in hand - the Romanian government can not afford to fail - that is why they early backed the company on all levels (it`s bigger than only Romanian interests itself).
Imagine the value in a year, when they are getting close to starting to producing
The company website; https://eurosunmining.com/
Alexulf
2 años hace
The Special Meeting Clarified Management Facts (Motivation).
https://www.juniorminingnetwork.com/junior-mi...dates.html
Ownership of the company etc - The disinterested shareholders of the Company also approved (a) the right of Lind Global Fund II, LP (“Lind”) to exercise warrants and conversion rights under a convertible security funding agreement between Lind and the Corporation (the “CFSA”), notwithstanding that such exercise may result in Lind owning more than 19.9% of the outstanding shares of the Corporation, (b) the issuance of greater than 43,723,878 shares of the Company to Lind, pursuant to the terms of the CFSA and (c) the issuance of up to an aggregate of 8,000,000 common shares of the Company in settlement of debts of up to $2,348,333 owed to certain officers and directors of the Company.
Now we have yet another fund, with the largest share of the company ownership.
The big money (funds) has the lion's part of the company - safer for the retail investor.
Alexulf
2 años hace
See the Special Meeting Facts, from earlier this year;
https://www.juniorminingnetwork.com/junior-mi...dates.html
Ownership of the company etc - The disinterested shareholders of the Company also approved (a) the right of Lind Global Fund II, LP (“Lind”) to exercise warrants and conversion rights under a convertible security funding agreement between Lind and the Corporation (the “CFSA”), notwithstanding that such exercise may result in Lind owning more than 19.9% of the outstanding shares of the Corporation, (b) the issuance of greater than 43,723,878 shares of the Company to Lind, pursuant to the terms of the CFSA and (c) the issuance of up to an aggregate of 8,000,000 common shares of the Company in settlement of debts of up to $2,348,333 owed to certain officers and directors of the Company.