Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
Interesting that Jesús Montero is kicking around. Luis is the exploration and JORC expert but JM is the mine planner and what is that on his screen? Good to see visual evidence that Myles has raised himself from a supine to vertical position at least.
All good Miles on site daily. Toral is on fast track. Funny statement on LinkedIn.
I go to work daily fast track may be pushing it buy I do my best!!!!
Milnrow the way I look at is to think what our % of the JV might be worth on completion of each of the two phases. In other words what would 49% be worth after the MLA, increased resource and new PEA? For a start we were worth more than double where we are now when the last PEA was issued and that had a much smaller resource, no completed metallurgy and no completed hydrology, geotch etc. Then think what 20% is worth with a PFS and $2m cash. We'll have a better idea what the resource is going to look like after we get the final JORC or at least the JORC applied to the PFS but IMO 20% of Toral with a PFS should be multiples of where we are today. On top of that we have the enlarged mining area but until we hear something definite on that it's difficult to factor it in.
Ahh yes Shed
I remember their first hole in 2011, what a day that was, shortly after they applied for their first mining licence....in SA
of course now 12 years later the BOD has creamed off £millions in wages between themselves for hundreds of holes...Who ever knew there was so much cash in holes :-) Of course they dont actually drill the holes, they pay someone else to do that but as you say "it's a mining exploration company, that's what they do" Well golly good for them and they really must be experts at it now.
Just a thought though, i wonder how many of these holes it would take to fill the Albert Hall ?
Highs, but the 20% much more likely to produce a return to us than the 100%.
Err.... it's a mining exploration company, that's what they do, if you don't like drilling then perhaps you invested in the wrong sector. Even if they enter a development stage they will still be drilling, likely beyond the block model.
As for drilling holes ? Hands up who hasn't spent years waiting for the results of drilling another hole ?
Shallow holes, deep holes ,straight holes ,wonky holes, bore holes ,even holes in the wrong place :-) ........£10m on holes over 5 years and now they have secured funding....to drill more holes. Yippee :-)
Roger
EUZ turned out the lights for investors with the Denarius deal themselves.
For the SP to rise you need buyers and who buys into a company where their ownership of the companies only asset is set to diminish by 80% ?
Holding is a gamble that might be worth taking if you are already in and down on your investment but its not attractive to new buyers ( as we have seen by the volumes since the deal was announced)
Put it another way, would you buy into an investment where its likely a vast majority of current investors are just waiting for you to push the price up so they can get out ASAP ?
Only if you simply judge a companies activities by posts on a bulletin board but the fact is we're drilling 24/7 with two rigs on the license so "Lights out"? Not so much, quite the opposite. I would add that I am slightly perplexed that 044 assays haven't emerged yet. For me it's inconceivable that EUZ are not in possession of those drills results.
Has someone turned out the lights at EUZ?
Ha ha yes it's wearing a bit thin isn't it Jed. Much as I recognise the importance of local engagement I want to see that reflected in local support for EUZ starting with the grant of the Antonina IP plus a successful MLA for the JV. Also 044 assays are way overdue, never known them to take this long.
EUZ have finished their school work. Happy days.
Maybe now they can start working on the share price.
Click the link below to read the full article (found on page 11):
https://northernminer.com/digital-edition/volume-109-number-13-june-26-july-9-2023/
https://twitter.com/DenariusMetals/status/1673392599825088512?s=20
Assays tend to take one month and it's a month since we were told the cores from 044 were already sent for lab analysis so hopefully some encouraging data imminent.
A nice buy just gone through - until the license application is in and RNS'd there might be a bit of nervousness. The next 6 weeks will be very critical with drilling data, PEA and the license application. I will not predict the outcomes but the SP could be very volatile.
Six weeks until ML application deadline. Will we get the Denarius' new PEA before then? Suspect we will as the conditions include a near PFS level of economic report. That could be very interesting as a lot of work including JORC upgrades have been completed since our own PEA.
Very glum SP does make you wonder if DBA are ready for a big pump manipulate the SP until July then start seeing big buys. 6 weeks until Mining license.
Today at 2.5p 11.05am.
Seen on way to St Annes .
A year and a week since last buy .
Well what a deeply disappointing SP. With 044 assays due I hope it's nothing to do with that, the field performance has been so consistently good since 021 that it's almost become a given that we hit the target. We could also do with knowing where we are on IP's for the enlarged mining area. For me that was an important element of the upside of the JV but over 6 months on and no indication yet that it will be granted or what it might be worth.
Https://www.linkedin.com/posts/europa-metals-ltd_zinc-plata-plomo-activity-7074314845893926912-uCL6?utm_source=share&utm_medium=member_desktop
Wish they would stop focusing on LinkedIn and use Twitter...
LOL. I think what some posters on here dont realise is that EVERYTHING they ever said on LSE forums is accessible to everyone. Im just coming back to this thread after a few years of inactivity (still have my shares). Personally Im very sad that it hasn't lived up to my expectations in the timeframe Id hoped. And I think some of that was the dilution (which puts investors off) and the external events that have been outside of the boards control. I guess Ive never paid too much attention to the share price because I invested in a mining opportunity that is within Europe in an area that supports the business....today thats quite a valuable thing given the global conflicts that have erupted since and the insecurities of traditional mining ares in Russia, and the African continent. We (Europe) are going to have to be more self-reliant over the next decade, and I think this is still an asset for the same reasons i first invested. If EUZ cant make it work someone will. So I guess im being patient, an asset is an asset regardless of share value. GLA
Give all shareholders a voice, copied from another Website
This is coincidental...I suggest we all sign this petition rights for beneficial shareholders!
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition.
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament.
When I signed it was 3,850 signatures.
Petition
Give all shareholders a voice by bringing Company Law into the 21st Century
Help more investors engage with UK plcs by modernising the Companies Act: Give beneficial shareholders the right to direct info on plcs they invest in & plcs the right to visibility of who their shareholders are, make email a requirement to shareholding registration, & recognise digital AGMs.
More details
Outdated legislation stops shareholder voices being heard. Almost half of individual shareholders can’t directly engage with the company they invest in, as they invest via platforms, the rest are constrained by a paper-based system. At the same time, companies are losing sight of who their investors are. Digital first reform will be better for shareholders, better for business and ultimately, better for Britain – making the UK a more attractive place to invest and to list.
hTTps://petition.parliament.uk/petitions/636051
Petition is really well administered, here it is rendered as a UK map by constituency
No as usual I thoroughly countered your points about EUZ but as always you take it personally. It's not exactly difficult to take your credibility down when you create multiple identities, pose as a potential investor who I seem to remember concluded that EUZ couldn't be taken seriously as an investment, and then subsequently announce they have bought in despite this ??? Previously we had years of near constant negativity punctuated by announcements of top ups, "Too far down to bother selling" and then you wait for 3p to sell - it never really made any sense did it? "Oh what a tangled web we weave when first we practice to deceive".
What are you on about now ?, if Teaye says its NT to sell i dont need to test a market, I'm quite happy to take him at his word.
In any case if i ring my broker he will tell me the depth of book/ level2 or exactly what the prices/quantities available are to buy and sell. you dont need to hold..lol As usual you are trying to score points against me rather than putting the point "for" EUZ ?
If you have already sold up how are you able to reaffirm Teaye's observation that it's NT to sell, surely you would need to hold some stock to test the market? Ooops!