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Im with you Bobby. You have my tick :-$. I personally averaged down over the years. I now sit on an average of 0.00075 as I still have a lot of faith in the asset and this BOD. I think we have been through some rough storms over the years and hopefully this will come good in the near future. If I were you and had a bit of spare cash I would try and average down a bit more at these prices....but hey...everyone to their own strategy. Good luck BB and stay safe.
Bobby that’s a high ave but if thins pan out as expected then the sp could fly past .32p but I never realised this sp was once 20p ... shocking
BB, I feel for you mate, I hope everything turns out good in the end. Stay safe
Bobby I feel your agony and lack of confidence in mgt and most AIM companies have similar stories to tell. You must be on a high ave cost. Do you mind telling us your ave cost? I truly hope this comes good for all of us in the near future.
Haha as I've said before they just seem impervious to delivering what the market wants to know, which again as I've said before can be looked at as a strength. I've been in AIM companies that pump themselves to high heaven and then get found out. I have always strongly believed this would work the other way round but in the current market conditions we desperately need to know how they're going to preserve cash.
Blimey I ticked up a Bobby post - the world really has turned on its head!
Well the bulletin board is here for an exchange of opinions and my opinion is they have had plenty of time to come up with the budgetary measures. There's a very successful Ftse 250 company near me that has made sweeping pay cuts from boardroom down and they make massive profits and hold an unbelievable cash reserve. We have neither massive profits or a healthy cash reserve so I won't apologise for being a little worried :)
the METS will eventually be RNSed and whatever game is being played shall come to an end. all we can do is sit back and wait, worrying and stressing won't help fasten the process. GLA
Shed I am with you totally on the immediate pay cut
I think next time their remuneration is to be reviewed this should be linked to sp of valuation. Leave nothing to doubt or assumption. You deliver .., you take home the fat cheque and if you deliver NOT then tell the wife I underperformed so no manicure this month.... SIMPLE
The point is the best chance of a good outcome is to extend funds as far as possible into the period when the world economy is hopefully in recovery. We can't pay the big wages indefinitely, that's why I certainly do care.
im not bothered about their pay i just want an rns saying theyve sold up and i can escape from another dog of a share with something back
I would say I think the results we have heard about operationally have been superb so no complaints there. I don't understand how the 2nd locked cycle for zinc stretched from before Christmas into this lockdown confusion, should have been delivered well before then. The excellent performance in the news we have received has just been battered by the mistrust sown by the dreadful 2nd DB raise. We need budgetary certainty before the mets or any rise will just get hammered again and we'll see the familiar image of LR shrugging his shoulders on camera about the SP, just like the last time. Yes I'm p8##ed off in case anyone hadn't noticed :)
Because we are not funded beyond Q2 and it is imperative that funds are stretched into (hopefully) a recovery period so we are not forced into a distressed sale. Either that or a placing and I don't fancy a discount on the current SP.
why if they are still working should their pay be cut.
leave aside the fact they are over paid for the results they have produced thats a different argument. Their payment was agreed at the level they are receiving
I know Bobby many other examples out there of Exec's doing the right thing. We're cash strapped as it is so the delay hearing from our lot is unforgivable. I speculated in March that we wouldn't hear about salary reductions until April so they could delay the inevitable until May, are they going to drag it out until May so it's implemented in June?? Why is there always so much inertia with EUZ? Don't get me started on the zinc locked cycle, didn't MC say 3-4 weeks in an interview before Christmas?
Hi Numpty, yes I am still here and still around. I have my holding here but have been taking advantage of market conditions. I trust all are well? Keep isolated and safe?
Seems the Execs didn't spend Easter agonising about the budgetary measures. Maybe I was being optimistic thinking they'll spin wage cuts into May, probably kick the can down to June now. Sorry everyone truly p*^%ed off now.
I’m sure we’ll get an update this week....
So not early April ??? GLA
Numpty, he’s active on NCYT so he’s still about, just not on this board. ATB. Pete
OK I found this as regards EU Funding and imo Europa Metals will qualify for further funding from EU. I wonder if this is not what was meant by alternative funding in one of the videos. Now I need to try and find where LR spoke about "EU funding"....
GLA.DYOR,
https://www.ab.gov.tr/files/ardb/evt/1_avrupa_birligi/1_6_raporlar/1_3_diger/diger_2/beginners_guide_to_eu_funding.pdf
Lloydy still appears to be missing in action, I trust all is well...
Brickz I don't recall that one, sounds interesting though. After a tough old year we could do with a big week starting tomorrow. Just think if the mets come with a bit more zinc recovery, confirmation of low contaminants, funding fears allayed and Spain getting back on its feet it could be a stonker. What could go wrong........ :)
Sheds I seem to recall LR mentioning "EU funding" in one of his presentations or discussions.....do you perhaps know which one ?