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Worrying times for the BOD , there is dissent in the ranks it seems according to alliance news. The voting was definitely not a foregone conclusion. Yet another 10% drop in the SP and my prediction over time of a collapsing SP continues so that the bounce when it happens will barely take this back to where it has already been before this agreement with Denarius at best.. .
The market seems thrilled they will start drilling again...lol and so the wheel goes round and round and round...
A lifestyle company for those drawing a wage here but no one else it seems,
Here's the link:
http://www.europametals.com/site/pdf/897eea81-efe1-4ae4-88e8-d61cdbd987c9/Europa-Metals-2023-AGM-Presentation.pdf
Lot's more detail on the mine plan.
Drill plan for 2024 is for 'combined' Toral and Antonina so appears they're confident of getting the permit for Antonina (expected later this year or early 2024). IP for Toral is encompassed by the MLA and will run until it is granted, before that comes up again!
I told you EMI would be going after Antonina and 7,000 m drilling planned. However, remember what BricksSA said it is all delusional and a scam because they can't do anything without a PFS!
Https://x.com/europametalsltd/status/1729868459595694287?s=20
At least we can say the pair of them are consistent…..listed at 20p per share less than 6 months ago and trading at .09p today….55% loss for shareholders in less than 6 months….as Highside has pointed out…..we can only predict the future by plotting the past :-)
I notice dy6metals whom both MC and DS are involved in have 3 projects….wonder if these are the 3 projects EUZ are looking at :-)
Thanks Sheds…..have a look at this
https://dy6metals.com/wp-content/uploads/2023/04/Prospectus-DY6-LODGEMENT-VERSION-FINAL-3-APRIL-2023.pdf
I very much doubt I'll be able to go to the AGM but my thoughts on your points.
1) Awarded at 5p and they expire at the end of the month incidentally. Of course we don't know what part Bennelong played in the Denarius deal though of course that only added any value for about half an hour :)
2) Habib is difficult to gauge as he could have provided some useful services without delivering a slam dunk deal. My best guess is that he very likely left with the better part of the arrangement. I can't be bothered scouring the 2021 accounts to find out and I suspect it will be bundled up in 'consultancy services' anyway.
3) WA conducted the successful metallurgy of course which is still a critical part of the PFS, what the relationship is now I don't know.
4) Conrad list pre-production contracts amongst their services so I suspect we were investigating forward selling deals. I don't see it as a ploy to 'rope investors in'.
Lols…I think I was worse than Chrisp punting this stock in days gone by Highside.
And a few more questions for Chrisp and those attending the AGM.
1. What value has Bennelong, the Australian company added after being given 1.5 million shares ?
2. What value did Adam Habib add after his appointment as corporate advisor and how much was his compensation and for how long ?
3. Wardell Armstrong were appointed PFS managers in June 2021 ? Are they still the PFS managers or was this just another bad decision made at the wrong time by EUZ ?
4. In August 2020 a marketing agreement was signed with Conrad a Hong Kong based company to sell concentrate from Toral ? Is this still valid or was it just another ploy to rope investors in believing EUZ were close to mining or another EUZ bad decision made at an inappropriate time?
Hi Bricks
All legitimate points that deserve debate but obviously once people start filtering anything they don't like then discussion becomes difficult
If its the case that EUZ/Iberia has to find 20% of any cost going forward once stage 2 is complete then i cant see how that will work without piling on debt/loans ? If it is the case and i am not convinced then they must have cleared this with the large holders like DB.
As for EUZ becoming a shell ? well without another project i doubt they will have much choice and if they need to find 20% of future cost i cant see another project is even a glimmer in the distance.
I don't know TBH, its why i sold up because i don't know. Too many questions and not really a plan for shareholders although i expect they have a plan for themselves.
The only indication of future performance is probably past performance so it doesn't look good
As for the PFS ? My feeling is a PFS is important to raise finance but as they have done this by offloading the responsibility of raising said finance its probably not at the top of the to do list.
Https://x.com/europametalsltd/status/1728106110337577108?s=20
Europa Metals Iberia, sponsor of the XV International Congress on Energy and Mineral Resources.
📌 This week, we are taking part, as sponsors, in this congress that is taking place in León from November 22 to 24, a great showcase for our company
Also ask him if it costs $100m to get Toral into production where is he going to find $20m as EUZ will have to pay their share if they own 20% of Toral….as a shell company :-)
Also ask him how many Mining Licenses have been awarded in Spain with No PFS….it’s ok to apply without one …..but I can tell him only 1 in 10 applications succeed WITH a PFS.
None have succeeded without a PFS….. FACT !!!
Highside …Chrisp Is either MC in disguise or getting paid to punt this share. Look at his bigoted posts ….he talks about not being concerned and the license not being guaranteed in the same sentence !!! Also talks about EUZ becoming a shell company …..wtf ? Is he priming the masses that’s it’s ok to sell the crown jewel for $4m when the loss on the books is over over $24 m?
I mean this dork should not be spending public money !! EUZs administration costs exceeded their exploration costs!! Get Chrisp to ask these pertinent questions to himself !!
On the one hand you talk about not
Ah the old conspiracy theory. Wondered when that would crop up ....again.
I honestly and truly do not believe anyone is put off buying or encouraged to buy as a result of chat room banter/gossip/ cat fights or personal insults with the exception maybe of specific questions/answers . the old saying DYOR rings true. You have to credit people with a bit more intelligence than that if they are really gambling their money on the AIM. It is managements job with their own PR to promote the company and sell the story , its nothing to do with holders, ex holders or perspective holders and that is why any attempt to do so is seen as ramping or de ramping. You hold stock in John Lewis, you don't stand outside Waitrose telling passers by how good it is....lol
Quite frankly if people are guided by people on forums like this where everyone without exception ? ?? has lost money or is in the process of loosing money they deserve what they get :-)
Every stock on the AIM has a jam tomorrow bunch and an, it will never happen, bunch yet everyone expects their little forum to be the exception. :-)
Hi Grappa, I do get your point and I do read your posts. However, BricksSA's posts the same unhelpful ***p and is not genuine in what they are trying to achieve. They might put off people buying and actually miss out. They have been saying for 18 months we need a PFS and so far they have been proved wrong. So IMO they have zero to contribute but a lot to disrupt, hence I have filtered them.
Depends on the motivation for the 'debates' raised here recently IMO Grappa. If they are genuine concerns then they can be answered swiftly with a simple email rather than repeatedly flagged on here. It really isn't difficult to find the answers so for me certain 'other views' look more like scaremongering rather than debate. Personally I'm satisfied about the status of our ability to continue exploration and the legitimacy of the MLA but if I'm certain of one thing that won't stop others who want to assert otherwise for reasons that only they truly know.
Agree Highside. It's a forum for discussion with different/balanced views. Sometimes people fall in love with a stock and let their emotions get the better of them. It also can create tunnel vision where people won't allow themselves to listen to other views which can be dangerous and costly.
RE: my post last week
Anyone looked at the sells today ?
anyone going to the AGM next week ?
Excellent idea Chrisp….I’m happy for you …the smell must be awful !!
What i find "amazing" is you think that because someone sells out because they don't believe the SP will change in the medium term, they lose the right to an opinion or to keep abreast of things with a view to maybe return at a more favourable period for the company ?
This very new idea that you are right and everyone else is wrong so they should either be cancelled or keep quite is growing across society and I really don't think you understand the point of "discussion" or "Discussion forums" which is why i wonder what you are doing here ?
BricksSA I suggest you read all the RNS's and you'll find what you're looking for. However, it is amazing how some people will spend their time on something which is really not a concern to them other than revenge on a company they lost a huge amount of money on. Bitterness is a dreadful state of mind. Filtered
Yea keep posting Bricks...but maybe have a wash :-)
Please keep posting Bricks. I don't contribute as much as I used to as I've mothballed this stock and only check in occasionally. However I do appreciate your unbiased and factual comments.
Glad to see you are not concerned about the mining license but in the same breath say it’s not guaranteed. Welcome to the real world.
FYI…the document is right up to date and was updated in 2019 with latest EU mining law.
It also tells the difference between an Exploration permit , Investigation permit and Extraction permit which is the current process btw. Now EUZ had an Investigation permit which expired 15th Nov. not an Exploration permit. The document also refers to two types of exploitation permits which can be granted. The one being where you can apply for an exploitation license without a PFS and the other with. Please read it so you can understand. In addition in the Denerius presentation they talk about doing a Scoping Study in 2024. The problem I have is we have already paid for a Scoping Study which was delivered by EUZ some time back. Yes you will say that this Scoping study is to prove up a greater mining area but would the exploitation license not then have to be updated to include this ?