Europa Metals Share Price (EUZ)

And another

https://azureminerals.com.au/wp-content/uploads/2018/12/181220.pdf
https://hotcopper.com.au/threads/takeover-time.4587948/

The plot thickens ....

So,

a little more digging on our friends from Germany. Contrary to some statements about their investments in mineral companies, they appear to do it quite a bit. I cannot believe that they did not do serious due diligence on EUZ prior to taking part in the placing. I also wonder what percentage they held prior to the placing.

The group that has just bought in to EUZ - all connected - own shares in at least the following mining companies:

KIN Mining
https://www.kinmining.com.au/wp-content/uploads/2018/11/Top-20-securityholders.pdf
DELPHI UNTERNEHMENSBERATUNG AKTIENGESELLSCHAFT31

EUZ
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=EUZ&ArticleCode=6hh3056u&ArticleHeadline=Holdings_in_Company
DELPHI Unternehmensberatung Aktiengesellschaft

Impact Minerals
http://impactminerals.com.au/impact/wp-content/uploads/2018/09/597_050918-Change-in-Substantial-Holding.pdf
DELPHI Unternehmensberatung Aktiengesellschaft

Zinc of Ireland
https://www.asx.com.au/asx/share-price-research/company/ZMI
DELPHI Unternehmensberatung Aktiengesellschaft

PNX Metals Ltd
https://pnxmetals.com.au/wp-content/uploads/2018/10/Form604-Delphi-4Oct2018.pdf
DELPHI Unternehmensberatung Aktiengesellschaft

In all cases excluding EUZ they have bought in then INCREASED their interests. I expect they will do the same with EUZ. There also appear to have been resignations from execs in the companies concerned resulting in a change in board membership.

There is also a case in the USA - Biofrontera accusing "W.K.T. Zours, Deutsche Balaton AG and further defendants"

1."Failing to file a beneficial ownership report on Schedule 13D with the Commission when they were required to do so by U.S. federal securities laws" - This is the equivalent of a TR1.

2. "By knowingly or recklessly publishing false and defamatory statements regarding the competency of Biofrontera and its officers and directors and the legality of their actions, Deutsche Balaton and Zours [William] engaged in deceptive and manipulative acts and practices in connection with DB Biotech's tender offer for the Company's shares, attempting to depress the Company's share price in order to make the tender offer more attractive"

3. "By knowingly or recklessly publishing false and defamatory statements regarding the competency of Biofrontera and its officers and directors and the legality of their actions, Deutsche Balaton and Zours engaged in deceptive and manipulative acts and practices in connection with DB Biotech's tender offer for the Company's shares, attempting to depress the Company's share price in order to make the tender offer more attractive"

Make of it what you will.

Source: https://uk.finance.yahoo.com/news/biofrontera-ag-biofrontera-files-lawsuit-072504133.html

Game on.

Happy Easter fellow sufferers of EUZ :)

Hopefully we are going to start improving from now on. I’m a lot more confident than I was this time last week for sure :)

For what it’s worth IMHO I think we will see a very slow but gradual rise throughout 2019 back to the previous highs we enjoyed during winter last year, if not above with a strong Inferred to Indicated re-rate. GLA lovely weather :-)

They also increased holdings in Impact Minerals ASX. The pattern seems to be they buy in low. Increase their shareholding, and then another unrelated company comes in as a large shareholder as well. Interesting times. The difference is we have a large JORC, SS etc - much better than the other companies. They must have been laughing at the sell off as they were cracking on at the time with DD no doubt.