The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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http://www.deutsche-balaton.de/kontakt/
Ask him what his plans are to right this ship which seems to have a stuck rudder....we keep on going around in circles......:-)
And the cost of the not-quite-deep-enough hole in the ground is??
If LR had any balls he would fire someone....In the same RNS....under the heading the RIG....
The rig and associated operating crew is being supplied by Sondeos y Perforaciones Industriales de Bierzo
SA and is being overseen by the Company’s on-site exploration team.....Overseen by the companys on site exploration team......also a bunch of part timers no doubt...same as the management team.
Hmmm .....a ruse to get the last PI's out ... @DaveJi......will not surprise me....
Was this just a ruse to get the last PIs out? How can you not drill far enough? Drill a bit more? Or am I being stupid...probably!
Bricks: mañana.
@10bagger...my advise is to stay in.....Deutsche Balaton will not put up with these types of mistakes. I expect they have already communicated to the BOD their disappointment...and concerns and may even possibly formally communicate to all shareholders in an open letter soon as I personally think they own more than 14.5% by now and they will want to protect their investment somehow. This is y opinion only and please do your research on DB and EUZ.
@Shedulike....you are correct...however makes me think of the previous mistakes...like the co-ordinates of the mining area....which were wrong !! reduced from 19mt to 16 after discovering this.....maybe they used the same surveyor ....and the hole was drilled in the wrong place from the start !! No one seems to lose their jobs after cockups like these....life just seems to go on and on....mistake after mistake. I don't know whether I should laugh or cry at the moment !!
Thanks for the reply my share tickers moving again but I’m losing money so not ideal. What does everyone thinks going to happen moving forward? Personally I’m thinking of selling after the bad news about the trajectory being off course, unless someone shows me significant good news ahead.
Cheers again
Honestly I know this news is disappointing but some of the comments this morning are absolutely crazy. Just think how many people would know that the hole didn't deviate, the drilling team and associated companies would want to protect their professional reputation and wouldn't tolerate LR making this up. No the hole deviated as communicated in a legal document.
@Bobby....if one is drilling a hole at a certain trajectory ....and its going to be 750 metres in depth...why did it take Europa Metals' technical team so long before they instructed the drilling contractor to terminate the hole at a depth of 652.90m........?? Surely the trajectory was already wrong on setup ?
Yes, thinking the same..............****ed drilling...........LOL, were they all drunk?!
Apologies, just saw it there, came in 5 mins after typing, general point stands though...... :)
Why don’t they communicate to their shareholders via RNS like a proper grownup company ? Honestly, if they wrote it with crayon and stuck in to my fridge it would be more professional than these stupid kiddies blogs and popup twitter company selfie bol****s. Honestly, you’d thing they were running the USA or something !
I think you'll see it moving NOW...
Hello there everyone just thought I’d get an account on here as I don’t know why my share ticker for europa didn’t seem to move at all yesterday and today. Has trading been suspended, and what’s occurring?
Many thanks
No wonder shareholders get pissed off with this management team....f4ckup after f3ckup...who the hell are they going to blame for this now? Wasted our frigging money on a hole that will now only be used effectively for internal analyses...and now results only expected end of July on 2nd hole.....no gaurentee they will even get this right !!Pathetic management of this process if you ask me...and p##ssing our money down the hole so to speak.
Well done Gizzard, I think that you should do OK provided that you can hold long enough - does seem to be dragging on a bit after DB etc..... GLA LTHs Verbs
Bricks, it is dated 6th, and matches a pair actually on 6th. Imo it was a bed & isa, messed up by platform operative/s. But not certain.
Might we soon get a government which doesn't support £20k tax breaks for the wealthy? Or Boris first, who does? Interesting times; not in a good way.
Nice buys, Gizzard
Just picked up two lots of 10M @ 16.5
did anyone notice this.....reversed today and immediately re-instated ? Wonder why ?
@Leslieby...not quite sure what you mean but it looks like an 88 quid transaction dropped the SP 8 % yesterday....plenty of games being played...even a 3 m transaction was reversed...this tells me the MM's are desperately trying to make a market...and trying at the same time to keep the price down....(maybe trying to fill a big order ?) ...they must think we are monkeys at this game....trying to prize shares from clasped hands or sticky fingers...I honestly cannot see their strategy working any longer...it worked for a while but I think most PI's now realize what is going on....something is about to give....I can sense it...this bubble may burst sooner rather than later.