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just have done shed
Thanks Nige - lazy posts usually annoy me but could you direct me to where that can be seen in an official context? Don't want to waste any more of this lovely Sunday :)
Ignore my previous post
http://www.europametals.com/site/investor-information/capital-structure
Capital Structure
EUROPA METALS LIMITED
Information accurate as at 10 September 2019
Total number of fully paid shares on issue
12,322,209,651
Total number of options on issue
639,416,595
Percentage holding of 20 largest shareholders
98.27%
Market Capitalisation
£5.03m
Warrants exercisable at 0.025p each on or before 30 April 2022
3,066,666,666
Broker Warrants exercisable at 0.025p each on or before 30 April 2022
138,000,000
There were a bunch that lapsed Jul last year but I don't know how many the Directors hold now and at what strike price. Bricks, why not just contact the Company Secretary for a definitive answer, no need for any intrigue.
Capital Structure
EUROPA METALS LIMITED
Information accurate as at 10 September 2019
Total number of fully paid shares on issue
12,322,209,651
Total number of options on issue
639,416,595
Percentage holding of 20 largest shareholders
98.27%
Market Capitalisation
£5.03m
Warrants exercisable at 0.025p each on or before 30 April 2022
3,066,666,666
Broker Warrants exercisable at 0.025p each on or before 30 April 2022
Further to the below....They estimated a NPV of $110m when 5,576,876,317 were in issue.......so with 12,488,876,318 now in issue for us to remain on a "par" the NPV should now be in the region of roughly $240m........ its highly likely that it will be...pending the outcome of the latest drilling results. Lets wait and see.
Well I sincerely hope the ones dating back to FCR days have already lapsed as a fly on the wall has told me since CB has joined Europa Metals...he has diluted the company from 5,576,876,317 issued shares to the current levels.......12 488 876 318.....so we need to wise up here .....
http://www.europametals.com/site/PDF/2928_1/EuropaTOD23ImagePack
Page 4, at the very bottam. What is that mineral? We should find out very soon.
GLA
Agreed BicksSA, I am thinking along the same lines as you on this, it is the only way to beat the big boys because you are buying cheaper than many of the warrants but not all are exercisable. There are more dating back to the FCR days I have found too but these are minimal and at a much higher price.
The one issue is having the free cash to buy circa another 30 m shares or cica £13.5K spare!
Many thanks Nige...much appreciated as always.....I agree its not doom and gloom however we need to plan for them being exercised as this will impact our % holding if they are exercised at any point in the future. It makes sense therefore to buy more at these lower prices if one would like to maintain a certain % of the company ...in my case 1% so in effect should take my holdings to 1.25% in case they are ever exercised.
Replying to my own previous post this is not meant as doom and gloom. If these warrants were to be exercised then the cash recieved would be returned to shareholders if/when the mine sold. Obviously the private investor would loose out slightly but what would you rather have? 80% of a lot or 100% of nothing? If it wasn't for these guys stumping up the cash the lights would have been switched off at Europa a long time ago.
Accordingly, 3,200,000,000 Fundraising Warrants will be issued pursuant to the Fundraising.
In addition, pursuant to their participations in the Fundraising, Mr Bird and Mr Campion will be issued with 66,666,666 Fundraising Warrants and 33,333,333 Fundraising Warrants respectively (together, the "Director Warrants") and Energy Minerals will be issued with 166,666,666 Fundraising Warrants (the "Energy Minerals Warrants")
In addition, Turner Pope and Brandon Hill Capital have been issued with 300,000,000 warrants and 50,000,000 warrants respectively to subscribe for new Ordinary Shares at the Issue Price, exercisable for a period of three years from Admission
https://www.lse.co.uk/rns/EUZ/europa-metals-ltd-equity-fundraise-issue-of-warrants-and-joint-broker-axtypue6xd71fhh.html
Thats 3 816 666 665 on top of the existing shares in issue of 12 488 876 318
https://www.lse.co.uk/rns/EUZ/europa-metals-ltd-exercise-of-warrants-and-issue-of-equity-5eepvtpphrzu7ke.html
Page 4 section 9 Exercisable but at a much higher price are a further 651 716 595
https://www.rns-pdf.londonstockexchange.com/rns/3889X_1-2018-8-9.pdf
That is just the ones I can find which if exercised would leave us with 16 957 259 578 shares in issue
I have been trying to fathom out how many "options" and or "warrants" are outstanding and could be taken up.....anyone got any ideas ?
Thanks Shed, I’ve watched a couple of LR’s videos/interviews and I have been impressed but I’m always sceptical on AIM. Time will tell but he does remind me somewhat of another director on AIM who is a decent guy and with whom I’m heavily invested. I’m pretty sure LR has stated that this is not a lifestyle company for him and up until now I believe he wants what’s best for the shareholders. If he is genuine and this is played right then we could be much higher before the year is out.
ALLN - if you watch the last presentation posted from Jul 2018 there's some info on LR & MC's track record on disposing of exploration enterprises. When they first came on board after the J Tooth's departure I was quite amused by their unusually laid back demeanour, the joke soon wore thin after the well-documented errors. In my opinion LR has got us firmly back on track and is totally focussed on shareholders interests and that means packaging this up for sale. I don't believe they draw salaries and are alligned with our interests with options that will see them royally rewarded in the success case. MC also has a big holding of stock. I haven't double-checked this as I'm knackered after battling with my hedges (garden type) all day and am now tackling a couple of bottles of wine.... hic!
The strategy and fundamentals of the company seem solid but what do people make of the bod? I bought this as a punt so haven’t done much research on the personal running the company. Would be nice to hear people’s thoughts on this as I find the people in charge can make a huge difference if they don’t use it as a personal cash cow.
Slightly tragic on such a lovely day but I'm bored of gardening so I watched the presentation video again. So much to take from it but anyone who thinks there is a snowflakes chance of us attempting to transition to miner just watch from around 20 mins.
I don't see why not Nige - they have finished drilling, have all they need (LR), and the JORC will be complete early Q4 latest. In the last video link posted LR (Jul 2018) clearly states they are consulting with other parties. It's not as if when everything is in LR will stand up at the AGM and say right we've proved the resource, what now? No the disposal will have been an ongoing process contingent on exploration success. It amazes me that the SP isn't going crazy but many investors are understandably risk-averse and happy to wait until it's virtually nailed on. Think of it this way, the smallish amount I added at 0.014 could 50-100 bag, the much bigger amount I have risked at these levels might do x10-20 but assuming the assays are good I think people on the sidelines are calculating they'll get in around 0.1 and possibly 5-10 bag, and of course if it all goes horribly wrong their capital is safe.
Whilst we all want to see the metalurgy news, let's not overlook the stakeholder engagement process announced 9th Aug, with a 30 day period. So we may get one or two lots of news pretty imminently, with a third being later this month / early Q4
Exciting times ahead for investors here if you can sit on your hands and not hit the sell button, but instead be patient.
I maybe a little ahead of myself but I think an offer is going to come in very soon and who knows but this could be all wrapped up by Xmas.
What happens. Obviously it has a bigger effect on some more than others. But life circumstances often dictate. I got engaged last week and I’m on cloud 9! Sorry but I’m on cloud 9 at the moment. Hopefully within 6 months this will pay for my wedding!!!! GLA
Strange how last trade is 3.30 at 0.046 however google is showing 0.044 an earlier trade. Recently we have seen a few failed highs (including yesterday’s 0.049) that seem tactical to aid the mm’s games. It looks like large fall today but in reality still holding up well. Keep the faith and have a great weekend. GLA
Another day closer to news. Ive had another top up at these cheapy cheap prices. I dont think we'll have many more opportunities at these prices!
So on Monday it's a calendar month since 023 core was sent for assay (in-country), next week surely?
POSTED earlier, good Q/A video Lawrence Read.
https://www.youtube.com/watch?v=AftxWNvv8Co
https://www.intechopen.com/books/sintering-applications/lead-and-zinc-sintering