George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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There is a lot of potential good news to come:
ML granted
Increased Resources
PEA
Increased mining area
I will be buying more if the SP stays at this level.
A little back hander in government don’t go a miss if they get mining license the environmentalists will soon get lost but its not great when they get involved I did translate some of the comments after reading it and they didn’t care too much. Lol
If the environmentalists get involved who knows where this will go. The only sure thing would be it will take years of hearings, reviews, re assessments and probably legal cases to settle. Bad news for those still trying to get something back, great news for the BOD who would get several more years income out of this.
Personally i would like to see a financial report/assessment of the last 5 years or Toral to include total renumeration for the BOD and staff,, total income from placings etc and why after the deal with Denarious ,the market cap here is £1.5m ?
Come on MC, it cant be that difficult.
It csnnot be long now before we get approval for the mining licence and also receive s resource update. Interesting times.
Https://denariusmetals.com/denarius-metals-invites-you-to-pdac-2024-in-toronto/
It ain’t looking that good
https://www.infobierzo.com/bierzo/bierzo-aire-limpio-anuncia-alegaciones-contra-proyecto-mina-extraer-minerales-raros-proyecto-toral_1008241_102.html
Https://www.infobierzo.com/bierzo/mina-metales-raros-bierzo-empleo_1007654_102.html
Https://www.researchfrc.com/disclaimer/
https://x.com/europametalsltd/status/1756948266296463823?s=20
A mining licence and a resource update. Is that to much to ask for. How much longer can this possibly take. Ive seen granite boulders move faster.
So yesterday Denarius posted. On the 1st line "we anticipate a series of upcoming catalysts including a resource update for Toral"
Will this good news for us? Will this help move the SP upwards? I have no idea I'm a fire alarm installer, maybe one day I may get some money back.
Good luck us!!!!
The accounts are prepared in Perth AUS and as such "All amounts are presented in Australian dollars, unless otherwise stated", always have been. Basic salary $154,853 in 2022, and contracted for £112,000 / $200,473 in 2023 I guess to reflect becoming Interim CEO in Feb 2022. Note that they had already implemented the salary sacrifice scheme in Jan 2022 (50% deferred or accrued through shares).
In the accounts it says Salary $154,853 which is £115,000 therefor the figures i quoted in my post were in USD ie $229k USD
If you think they are in AUS $ then 154, 853 would be £77,600
Oh get over yourself. You are wrong, you don't have to admit it but maybe just shut up about it ?
Figures quoted in AU$ hence comparisons to PM salary are correct according to my post last week. Suspect some don't read the footnotes.
I agree but would i be wrong in saying
All the while they take shares as payment and earn a good wage as well its in their interest to keep the SP low and accumulate stock. There would be very little point in getting this done any time soon.
I have never understood why people don't ever question what goes on here. for example...
LR was contracted to give 6 months notice and yet he went overnight having agreed to take shares as a wage just a couple of weeks before. Did he buy himself out of his contract ? Did he sell his shares, was he paid for the remainer of his contract ?
Cri5ps question would be answered if you knew what the plan was re a new project ?
TBH if no one knows whats going on or going to happen its hardly surprising no one buys shares anymore.
As i have said so many times, there never seems to be a plan or and end game...its just a shame because this could have been a great investment had it been managed as such
My own view is that we will get paid out by Denarius and that might be worth £15 million or so. Due to the BOD owning more shares now I hope they will wind up the company to pay out a special dividend. This is a good outcome and not unreasonable to think.
More crap from me apparently :-)
Myles Campion , Renumeration 21-22
Salery $154,853
Superannuation $8,173
options $27,069
shares $49,420
TOTAL $239,515
Just to point out another inaccuracy posited today, the corporate investors hold 'ordinary' shares which have no seniority over PI 'ordinary' shares. If anyone can find examples of issuance of preferred shares do let me know, from memory I don't think so. Providers of senior debt facility would certainly clean up before shareholders but suggesting that the "corporate investors" in EUZ would be "paid off" before PI's is yet another misleading suggestion.
No, when Myles was paid through Virico that was his salary not an additional consulting payment. He opted to be paid through a consulting service company that he set up, I assume (but don't know) it was likely done for advantageous tax reasons, I saw that at the time and got answers. LR did something similar but dropped it to be conventially paid in the UK before he left. Look I'm obviously not happy about the situation but I do wish posters would take minimal effort to post accurately, the cr*pness of the SP shouldn't be a license to post cr*p.
I think they earning more Sheds and Highside…..they definitely are part timers at EUZ now….that I can assure you.
https://dy6metals.com/wp-content/uploads/2023/04/Prospectus-DY6-LODGEMENT-VERSION-FINAL-3-APRIL-2023.pdf
Grappa
Thanks but i am long gone but having lost so much here i like to keep tabs on this :-)
I see a different outcome to your scenario , i see the final sell off of the last 20% and the winding up of EUZ and as usual the corporate investors and debtors being paid off and nothing left for the PI,s. Hopefully i will be proved completely wrong but without any support for the SP from management, who knows ?
Shed
A/ I said 3 years ago when the SP was 15.5p on the 17 march which was as i said before the last drilling campaign and the Denarius deal.
B/ I think LR's last renumeration included expenses that almost exceeded his wage. It would be Nieve to think their income is restricted to a basic wage be it shares, bonuses or "expenses".
For example
Mr M Campion, an executive director of the Company, is also a director of Virico (IOM) Limited. During the year, Virico (IOM) Limited received fees for consulting services. These fees were based on normal
commercial terms and conditions. $240,000 !!
Bottom line is as i have said from the beginning and time continues to prove me right. However much good news there is or advances made, if you cant sell it to investors its pretty worthless to investors. If you don't pick them up on this then don't expect things to change, its in your interest now not mine. :-)
"It needs a rise now of 936% just to get back to where it was before its last drilling campaign".
- 5 April 2023 commencement of drill campaign at Toral (SP 3.15p), where do you get 936% from?
"How they justify their remuneration, currently about 1.5 times that of the prime ministers".
- MC on about £110K before salary sacrifice scheme (have you confused the $AU figure) not sure how much he gave up for shares, I think EK and DS get about $AU 3000/month. The PM earns a salary as both an MP and as a PM which adds up to nearly £170K, suspect you're just counting the MP salary. How on earth can you think that the Directors earn salaries 1.5x that of the PM?
For the record I think they are generously rewarded given the situation and undeniably there has been an utter failure to deliver shareholder value to date but let's keep the debate within the realms of reality and cut out the lazy hyperbole.
Hold faith Highside. EUZ won't achieve anything and it won't get close to being a mine but I still believe we can make up some losses if we become a cash shell for another company wanting go from private to public. I'm not bothered what the other company does as long as there's some interest to get the SP up a bit so we can all bail out with reduced losses.
Just hope it happens before we become a smaller version of Serius Minerals!!!
In the last 3 years this has dropped from 15p to 1.6p. It needs a rise now of 936% just to get back to where it was before its last drilling campaign, before the Denarius deal and all its incentive triggered management bonus payouts :-)
I expect the management are now even more part time ? so maybe they could explain what's gone wrong , how they justify their remuneration, currently about 1.5 times that of the prime ministers and how they are ever going to get this to return any shareholder value short of selling off the last 20% and shutting the whole sorry mess down ?
( I wouldn't regard anything under its position 3 years ago as share holder value myself and thats being generous)
Come on Shed, Cjen,Cri5p et al :-)