Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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There are some very healthy commitments between us, and concerns are justified, but the asset hasn’t gone anywhere. Delisting was always going to be expensive, and unfortunately became necessary when the money could have been spent elsewhere in far more imaginative ways. I still feel that we are involved in an exciting project that has a huge potential. From the outset I decided that this was most probably going to be a particularly rocky road, but one with outstanding opportunities..so far that seems to be a fairly accurate assessment....gla
Numpty
oiltap, again very true but will the market react knowing the state of the finances or is that a part of plan A B C? or was it a last throw of the dice?
We will see shorlty
GLA
Hi Nige, Numpty & Bricks like you I have been in since the JT FCR days with circa 18M shares at an average of about 0.18, so am sitting on some pretty big losses as it stands. I only hope that the delisting from ASX is positive and we have potential partners sniffing around with deep pockets. Raising funds at this price in the current market would be terrible . Fingers crossed on this one and my other AIM holding srsp. GLA Verbs
Sorry Guys if my last couple of posts have been a little negative but rightly or wrongly I do have concerns.
Numptypi, I think you are probably 100% correct with your last post but lets hope the market reacts accordingly.
BricksSA, I am also a large holder at just over 0.52%, so I obviously researched thoroughly before investing such large sums.
I have been here since FCR days so I am an investor not a trader. Lets hope next week we get aa good rise into news.
The assett remains the same I know, the question is how do we bring it to realisation. Just lets hope LR and CO have the answers we need.
Thinking positively, there will have been 5 weeks planning ahead of next Friday. I fully expect interviews, podcasts, tweets and rns wordings to have been VERY carefully considered, in order to maximise the opportunity. We will finally receive the full ss details, and hopefully updates as well. The institutions that have been made aware of this information are able once more to trade. LR can then proceed as he wanted to in what feels like an age ago.
Numpty
I also trust my own research....hence owner of 1.5% of EUZ.
BricksSA, I along with many others hope you are right but i have my concerns
ATB
On the cash side...the way I read it is the estimated spend for 1st Quarter 2019 was 490K They had a credit at end of Q4 last year of 362K.....so come end of March we will have a negative 128k balance in bank....
Not a huge deficit if you consider the NPV will be known by then....my guess is about $180M .....I am relaxed :-)
The possibility also exists to raise finance without additional dilution IMO based on the NPV alone and EUZ's stated intention of taking it to full mine. They certainly have the skills on board in Jesus :-)
Hindsight is an exact science....
NPV should theoretically be used to determine the current value of the SP with or without money in the bank IMO.
However I hear you :-)
Next Friday.
RNS de-listed from ASX, which will have cost us circa £100K. That is £100K the company should have spent in October 2018, and avoided this mess we now find ourselves in. We must now be almost out of cash after the last accounts showing just 190K.
My big worry is that when the SS is re published showing NPV, that the share price will not reflect it due to the state of the companies finances. (As previously posted by Quindell).
Listening back to Pod casts done by LR he has always stated that he is open to offers for the mine, the big question now is how much money do we need to raise to move on and complete the PFS and FS?
Maybe they can raise £1M giving away equity FI agreement, but a placing would be the end for most holders here as we would struggle to get our money back, even years down the line. It would be 50% dilution at todays prices!!
I note the board have been very quiet recently so lets hope they have been working hard in the back ground to get us forward quickly, but I sense we are going to need something special to even realise a break even point for most LTHs, with funding uncertainty looming in the back ground.
Personally not happy sat on a huge paper loss, that was totally avoidable by delisting from ASX last year. We would probably have all 10 bagged if this situation had been handled correctly. Sorry but the BOD have to accept resposibility for the failings and some how need to rectify this before we will see any SP that reflects what the mine is worth.
0.2p would be very welcome, but I doubt even that is achievable with the finance situation.
I sincerly hope I am wrong for everyones sake, including my own. Anyway another 8 to 11 days and we should know more.
I bought more yesterday under .037
No just reported as sells as below the mid. Last trade yesterday was a buy
Need to study the prices bricks.
on LSE....is this really true ?
@DW...not so sure they need anyone else...this guy is on board and I am pretty sure he can recruit the necessary skills locally...and he is a local jocal :-)
Jesús Montero is Mining Engineer with further specialization in mine planning and design and Project appraisal. He has over 16 years experience in mining industry from exploration to production stages
I am also not so sure why you call them distressed sellers....no rush at moment...except of course to get the SS out with financials...then its open game for everyone !!
IMO a JV is the only way forward. EUZ's not the company to take it to mine. They're geologists, not miners and I have little faith in the management anyway. My wish list is to sell for, say $100m, and keep a 33% stake. Am I dreaming? The trouble is a distressed seller (cash-wise) is not in a business to negotiate a hard bargain.
DW, Great post and JV is probably the way forward to avoid massive dilution.
Less than 2 weeks we should know a lot more.
GLA
It's been *said* that Boliden have been sniffing around and they and a couple of other players have been on site visits. Boliden would be a good fit - if true. They also say they like acquisitions of new sites through JVs.
Too late..... delisting now as apposed to last year?! All momentum gone, markt knows we need cash - not happy on a big loss
Taken from RNS dated 25th ....Europa Metals has requested that the Nominated Time for the Company’s
removal from theOfficial List be 4.00 p.m.(AEST) on Friday, 8 March 2019......
This being the case the Scoping Study with Financials could be released as early as 8th March......
Expect the slingshot to occur soon .... Topup Time ....IMO.
Please tell me there’s no restrictions regarding releasing of figures like the was on the asx....
It's just moved from the main board to the Alt X exchange for small cap companies. Probably no benefit to you because you're paying a premium. There's limited quantities, it's sitting at R0.01c at the moment and can't go lower. Only one way is up, to 2c.
Thanks Nige
We were listed before just changed the platform thats all on JSE.
Next news "De-listed from ASX", hopeully 8th March, then a bumper RNS with figures Monday 11th March or maybe even 8th march due to time difference giving potential investors the weekend to mull it over.
Now able to trade on the JSE - Can I ask for views on what would be the benefits of that option? ta
few buys going through on nex.