Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Moneymakers, looking at the timing and price, it was a sale. GL
Denarius raising $20m via a convertible...no mention of Toral in the use of funds.
Probably Myles creaming off as many as he can as a bonus or incentive or something while he keeps a lid on the SP :-)
I have to say i do still admire your optimism here, maybe you will get a consolation prize one day but the SP will depend on people buying in and thats where the plan falls down for me.
If 100% is worth the current £1m then 20%, will need to rise by 500% to improve on the current SP ?
I know you can spin figures any way you want, people were putting a £1.00 to £1.50 value on this not that long ago and you could argue things have got better since then.
Sorry i must be missing something now but i dont get the financials ....
1.9 million unknown is that a buy sell or what
Not yet T72 - I am waiting for money to come available first.
Shed - where is the info about the delay with Antonina - could you share please? Am trying to mug up on what's been happening here (eye off the ball) and missing that bit. Thanks!
PS - Crisp - is it you hoovering up the sells?! :)
He responds to bugger all…about as much use a chocolate tea pot
Does anyone communicate with Myles / BOD?
Big delay on the Antonina licence after Myles said early 2024 hasn't helped. However I don't understand why that has stalled exploration plans on Toral. They were planning a combined campaign but surely better to crack on at Toral. It doesn't really matter that the MLA will take ages as we still have some more exploration to undertake before the PFS so no real urgency. I think it is the hold up on the next campaign and news about Antonina that is hurting us.
Non or limited news/RNS in the last few months means people sell and buyers put off. A company with such an asset and at such a low price is a bargain. I might buy more but it would mean I need to make the company aware of my holdings
Yep I've just checked in to see if we can find a reason for the recent drops :-(
Anyone still alive? Or have you died watching the paint dry...
9p buy this morning, nothing holding this back now...Could it be Crisp topping up ?
:-)
Are we finally going to see an advancement here. Denarius Metals looks like a good partner to be with.
https://ca.finance.yahoo.com/news/denarius-metals-announces-change-trading-110000049.html
Just as well crisp, that would take the SP sub 1p if they could shift them at all.
The amount of cash reduced $170K in 6 months with almost $490K left so no need for a placing in the next 12months.
Interesting RNS. Nice to see the mining license application was submitted in October.
Https://www.europametals.com/pdf/11551a48-0716-4489-a215-2ae12291d354/2023-Half-Year-Report.pdf
DBA are sat about 9p per share they wont want to lose they have backed this too much
I think the point is people are looking ahead to 80/20 position because thats when they may get a chance to get some money back. Nothing much is going to happen and I dont see any new money coming in here until the ownership and PEA/PFS hurdles are complete. At that time 20% is all well and good but until you know ,20% of what, you cant value anything or "do your research"/ invest, thus drive the SP up.
The worry then is what EUZ do with their 20% ? hand it back with a special dividend or just spend it on another 10 year project until the board want to retire.
My personal opinion is shareholders , private or institutional ,will want their money back and not want to invest in a completely new project given the dire history of EUZ, SP management .
Lucky I still look in from time to time just to clear ups few loose ends - look boys have your fun but try to keep to the facts - just for clarity..... Denarius do not get 80% on the MLA being approved. Conditions following Option 1 (which incidentally isn't completed having not spent $4m and delivered a new PEA) hence as yet Denarius don't yet own 51%. For Option 2 (80%) requirements are completion of a compliant PFS and payment of $2m to EUZ, not a delivered MLA, come on fellas surely given the crap SP you can get your point across without deviation?
Don't worry Bricks, Crisp's last post said he was buying more at this price so expect the price to pick up soon :-) still waiting at the moment to see a real buy but I'm sure his finger is hovering over the button ...
Maybe DB and the Directors here will follow suit ...lol, would be funny if it wasnt so tragic..
In addition DY6metals raised 7million on initial IPO at .20 per share. Today they are trading at .04 per share on ASX. Very predicatable outcome I hate to say with our two part time leaders no doubt somewhere in Malawi.
I did a comparison with Orion minerals who have a portfolio of high-quality development and exploration assets in South Africa's Northern Cape, with Mineral Rights including known deposits of copper, zinc, nickel, cobalt, Platinum Group Elements (PGE), gold, silver, tungsten, Rare Earth Elements (REE) and lithium. They are 100% owned and trading at 17c per share. EUZ has less shares in issue though but at this stage it’s difficult to gauge what the 20% equates to without a demarcated mining license. Hence the over value statement.