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They raised between £10m and £12m and have a company worth less than £1.5m
They didnt keep the money you invested, they spent it so the chances of any LTH ever getting his money back is miniscule now.
The problem here was their own incentive payments were obviously not high enough to incentivise themselves . :-) Just look at the SP ....they certainly didnt incentivise the investors :-)
No, I just don't want them keeping the money I invested. I'm more than happy to take back what I put in and call it quits. I wouldn't go near AIM these days.
Redmoor, If you were getting £100k a year would you want to wrap the project up ?
I've been in this share for a long, long time. Years ago, our Bod stated there was no need to drill anymore holes as we already had a large number of cores for evaluation of the asset. After that, more drilling took place. Our Bod have had a large amount of time and money to prove themselves. What have they done? You can have the best asset on the planet but with lifestyle management, it means nothing in my opinion.
Https://x.com/europametalsltd/status/1764639648217727050?s=20
Https://x.com/europametalsltd/status/1763463498560926081?s=20
Ah, lets be realistic ?
Well there's a first time for everything :-)
Being realistic we did our money here yonks ago. Its been damage limitation since the consolidation. As a "grown up company" we have gone backwards, at least we could dare to dream a couple of years ago, who's dreaming now and who is having a nightmare ?
Let's be realistic - no major construction project happens without environmentalists expressing concerns, as is their democratic right. We have the backing of the authorities as evidenced by the acceptance of the MLA which allows the IP to run during the period of consideration. The MLA included all the necessary environmental studies, if it didn't it wouldn't have been accepted. Man made scars on the landscape such as the quarries that the Mayors want us to infill frequently create an opportunity for nature to find a way, look at central reservations on motorways all the way through to species that thrived following Chernobyl. It did amuse me that they cited Las Médulas as a site that could be threatened by the development of Toral, really? That was a mine itself exploited by a method known as 'ruina montium' where hydraulic systems basically dissolved the landscape. We're proposing MCAF underground mining where everything can be restored after the LOM. I also don't think that the argument that our mine might compromise 'hunting' is particularly cogent with claimed concerns over the local fauna :)
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