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I also like option 1...
Let's hope that happens :)
I agree. There are a few options possible with varying shades of grey:
1) Europa Acquistion
2) 100% sale of Toral and Europa remains a going concern, or, could be a potential RTO option for another company
3) JV - partial sale of Toral allowing Europa to reinvest the cash into mine development. Might be an option for longer term investors
Option 1 for me please - it's cleaner and will probably be easier to quantify once the results are in and we understand the updated JORC
Spoilsport remind me not to become a codebreaker! On the complete company sale I have heard on other boards that there are tax advantages over a special dividend, though it makes no odds if you're in an ISA. We also rescinded the other Spanish licence (couldn't find the RNS though) so it would have to be an entirely new project to move onto. LR and MC have plenty of irons in other fires anyway so would there be a motive for keeping EUZ alive? All points to a complete sale to me, finally with the pound on its knees just imagine all those juicy €'s or $'s - don't spend it yet though!!
Sorry... WUM = Wind up merchant
Me too but I'm guessing 'with ulterior motives'. I think a complete sale for a number of reasons (assuming a buyer is lined up).
Thank you for answering my question.
I don't know what a WUM is but i appreciate your response
There are too many WUMs on these forums these days so every post should be viewed as suspicious including mine.
In any case think of it simply as sale value divided by shares in issue for a price. If it's for the asset and not the company then EUZ may wish to hold some cash back for another project so the value shareholders will receive will reduce accordingly.
We all have to start somewhere and the more I learn the more I learn that I don't know ;)
The best advice I have is don't dream about future values and focus on what you'll do when x happens. So I have a plan for my holding based on a revised jorc etc. A sale is a real possibility and an outcome i like alot. But dreaming of spending profits can cause emotion to get in the way and we've all been guilty of that I suspect.
that much i have learned - i am taking everything with a pinch of salt and learning about the company rather than what people say on here - but i do find a lot of information on here very informative.
I'm really green to this and have only put have a very small amount of cash in shares that i can live without if the worst happens. I am learning as I go...so it's a genuine (albeit naive) question
Is that how it would actually work? if it sold for 40 times higher than the current mkt cap would that actually mean the price per share would be 40 times higher than now? I haven't clue how these things work.
Truffle... I’m used to waiting, BPC have given me the ability for patience and fortitude.
--------------------------------
You've waited long enough...not long now and you'll be in profits. The postman always knocks twice. Noos sooN
Don't forget the wonky hole that was terminated somehwen before the 11th June - nearly three months ago. The upper part was sent for assay but not met testing
The change in land use for mine development was initiated almost a year ago and the formal stakeholder engagement process finishes next week, JORC upgrade end of this month or early Oct. Without a doubt EUZ have done the groundwork to pass on a 'ready-to-go' project, is it too rampy to suggest we're being guided by a bigger hand?
Dropped by the MMs to flush out the T traders and it worked.
0.0405 - 0.0433
buys flowing in now
I haven't the faintest idea (apart from theories). Depends on newsflow but we don't know what their strategy will be on releasing results. The only nugget of info is that they seem to have chosen not to release 022 assay results. It's been discussed before but does anyone have any firm evidence of the likely turnaround on assays. I've tried going back through RNS's but am just going round in circles!
I came so close, SO CLOSE, to breaking even a few days back. All i needed was to hit 0.088 and boom, BOOOOM, i would have broken even. I guess i just have to wait. Congrats to anyone who made money. if im lucky, i might break even one day ;-)
Do you think we’ve hit the bottom now
Price holding up remarkably well on the back of the sell, it’s just a waiting game now. I’m used to waiting, BPC have given me the ability for patience and fortitude.
Man, we are about as far now from the original intent of AIM as we are from the Moon. Especially after the last big financial crash, which seemed to wipe out the culture of positivity. Mms, brokers, traders have erred towards the negative or cautious approach more and maybe there's some way of making more money that way idk?
I see it (at this stage) as nothing to worry about in terms of this sp dropping after this news. This often happens in a news vacuum after a euphoric event has subsided. Mms just reshuffling the deck of cards for the next potential run up. I've seen it so many times after news I've become immune to it. The people panicking must be new. But if they stick around on AIM they'll get used to it. The good news is that now and then the mms do let an sp really fly, as we've seen.
I've had worse Newbie :)
Sorry should have been Shed
She’d, I’m holding back from topping up for that reason, possible further falls
The only sells that would worry me would be by the Directors or Deutsche Balaton. However I do think we could be looking at radio silence until all the results are processed. They must have assay results from 022 by now but haven't RNS'd them which suggests we're not going to get an incremental news delivery. Hope I'm wrong but without the oxygen of positive news we will probably suffer further falls, makes no difference to the endgame but annoying nonetheless.
Sorry typo..., yesterday .044 - .045