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Crisp
Turner popes present risk-adjusted, base-case valuation for Europa stands at £16.9m /80m shares = 21p share because we have been diluted.
Turner Pope based this on the completion of a Full PFS....
"it can be expected to ensure the Project will take necessary steps (including drilling) towards completion of its
full PFS and application for a Mining Licence also was working on the assumption that a full PFS would be completed this year"
The goal post have moved not least with a new unexplained strategic direction. No longer being able to complete the PFS and the loss of a potential deal.
The position now is we dont know about the future for Toral, what effect a strategic new direction will have on finance or the reason for diverting energy away from Toral. The broker note is way out of date and the impression is of a BOD now scratching their head wondering what to do next. Quite frankly companies dont undertake expenses/remuneration reviews if they think a deal worth and substantial amount ids in the table.
Sorry to be continually down but i am just stating facts
Once again LR has managed to fend off the questions without really telling us anything new and he is probably even now wondering why the SP is down on the placing price.
Its simply not good enough.
If we can come out of this SP slump and get to 50% of TP's value at 17p then their is 5.6 million of warrants ready to be exercised before April 2022 which would raise over £600,000. Everyone on this board thinks I'm mad but when you have the top 20 shareholders owning 80% of the company and I realise these include II, Barclays and Hargreaves etc this a very high percentage. If the shares do start to turn they could move quickly but just to balance things up if it did move it could be a traders pump and dump. Yesterday when I put a dummy buy in the most you could get was 50,000.
Hmm. Not sure the original post sent. In short: loads of us are REALLY far down here. The share price today is less than 3% of what I first paid when I bought in. Let grappa have a gripe. The board doesn't doesn’t need the emotional police. I’d love it if it got to 8p Aimrambler. Then my shares would be worth around 40% of what I’ve averaged down to after dilution after dilution after consolidation.
(That was aimed at aimrambler. Soz, thread view confuses me :)
Grappa - averages aside, I think the larger holders will want to see this come true. The asset is there. A fresh (or just actual) injection of business sense and focus, without the operational distractions, is probably the bit we have been missing with LR. The next move requires tens of millions to be invested, but with hundreds of millions as the potential prize. It’s not too massive a business case, assuming the mets and data to date is true; it just needs us pushed under the nose of someone to write the cheque.
T
If you read my posts aimrambler I'm holding and yes massively down. Strange how these nobodies come out of the wood work.
anyone think this clown grappa may have sold and want back in cheaper, ha ha
Good luck on that Teaye. If you averaging down wait till next year you'll be scooping up at 2p. For what though? Another dilution? I doubt there won't be another as I think DB will cut their losses and PIs will turn their back too.
The question is, how long can I average down for…
Well, ladies and gentlemen en, welcome to AIM.
Watch the hat for the rabbit.
2022 this will be a distant memory. LTH will be forgotten about and we will dwindle down to single digit posts and trades like earlier in 2021.
This is definitely not my hill to die on and will put it down to an unfortunate experience. We can't change the past so best to accept and move on.
Hey we have Christmas and it's December 1st :)