The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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.
My top up on NEX
Yes indeed bring it on. Good time to rerate gla iA
11th March after delisting 8th March we should hopefully get some great news that we expected in November
Both EUZ and Bezant moving up....good sign IMO.
Yep :-) Sorry its .024 UK Pound which is 2.4p
Assume NPV $180,000,000.
Divide by number of shares 5,574,876,317
Current Share valuation $0.032 = .024 Pence
Rise. Let's hope it keeps going to 11th march
Thanks oiltap. I have posted before 11th march IMO. But without substance. Just a hunce....no funds at the moment to top up. Damn
Oiltap. Do you have any timeframe?