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Hmmm ......yes well as usual this is all in your mind. No one has said anyone is try to lure anyone. What i said was the current holders must be hoping others buy in so they can get out. That's quite different as every SP in the world is driven buy buyers raising the price and placing demands on liquidity so others can get out. As Teaye said its NT to sell at the moment.
I've not posted for a while and good to see the old guard scheds and highsiside still contributing. I still think in 3 to 4 years we will get to the magic 11p and we will all break even and be happy
No, there's still no certainty that 49% of the project with an upgraded PEA or 20% of the project with a PFS and enlarged mining area will be worth substantially more than £2.5m but on balance I personally think it will, I don't have an aspiration to be completely certain because I accept that I can't be, so we can chalk that allegation off for starters. It's still a risk reward calculation that everyone has to weigh up for themselves and their own circumstances. For years Bobby Beale was "Too far down to bother selling up", I'm sure we all remember that mantra, if this poster has sold up after all this time I'm guessing their sentiment has changed and I fully respect that. What I don't respect is the suggestion that holders are trying to lure in new investors in the hope of getting out with slightly reduced losses, I see no evidence of that and think it is a deplorable allegation.
Yes they could look at technical reports, I'm sure many very knowledgeable people did when the data room was open for years :-) of course they could look at the £10m + raised and the current £2.5m market cap or the historic SP chart which shows an SP of half the consolidation price ?.
Rather silly to suggest that anyone would want 100% security in any investment let alone a mining investment. But while most would accept the risks of practical and field work, not many would expect continuous failures of management to scupper their investment when the technical reports are so good.
The future of EUZ now depends on another project, much as it always has done, the question is will money raised by its holding in Toral be it 100%, 49% or 20% be like the last £10m raised ie: Used again to buy a project and
swallowed up in wages and expenses with no determinantal effect on the SP ?
As you say "so laughable to expect certainty in mining exploration." and yet that seems to be exactly what you are holding out for. :-)
@teaye this time next year Rodney ..LOL
Currently 58% down on £60k.
I'm crap a poker. But I am going to hold.
(oh... and it's NT to sell any volume in any case... LOL!).
Our time will come, Rodney... our time will come.
Well if anyone is looking in with fresh eyes I wouldn't encourage them to invest or not despite the repugnant suggestions levelled at all holders in an earlier post. I would simply refer observers to the technical reports upon which they can make their own objective decisions. In 2020 Bara Consulting attributed a NPV of US$156m to the project. Since then we have increased the indicated resource substantially, completed the metallurgy, hydrology and geotechnical work. Denarius' new PEA will take all this into account and we will have a 49% share of a reworked NPV in their PEA. Of course no company has a divine right to own their share of an NPV figure, but by the time a PFS is completed the value in an attributed NPV becomes increasingly realistic. As we are positioned to execute leverage off the successful work undertaken to date it would seem to me that 20% of a JV ready to seek institutional banking investment will be worth way in excess of our current Mcap of £2.5m. Anyone wanting complete certainty in an investment needs to look at Government Gilts, so laughable to expect certainty in mining exploration. The stripped back judgement I am making is what 49% of the project is worth with the new PEA and what 20% is worth with a PFS and an enlarged mining area. Of course there is no certainty what this might be but the historical figures look robust to me as we incrementally de-risk the project, but don't take my word for it look at the technical reports and don't listen to bitter subjectivity would be my only advice.
Maybe they can just sell the asset and close the company 10p per share will be fine with me :)
You have done your money teaye72
Hundreds of us have done so over time, some still are.
The irony is now that we all hope that others even more stupid than those still sitting on this will buy in so the remaining mugs can sell out. I'm just not sure that is the definition of a good investment.
You have two possible outcomes
1/ They buy another project and raise and spend on the back of it for another 5 years
2/ They hang on here while stage one and two of the deal are completed and this goes to a mine...so another 5 years.
Will people now buy into a company with diminishing work load , uncertainty over any future value and future direction ?
People here invested in Toral, to do that they had to buy EUZ...if Toral is still your hope then sell EUZ and buy Denarius, at least then you will still own a controlling majority share in Toral.
This company seems to be operating in a black box... other than the odd LinkedIn posting - which is hardly a platform for investors. It's at a price now that is tempting, if only to lower my disastrous average. Except they've done basically nothing to make me believe they are sitting on a gold mine. Or Zinc. Or anything other than a pile of bill to pay.
[Thanks. Therapy post. I feel better now.]
"imagine if the licence is not granted after all the effort that has been put in!!!" ...........or worse, they become a minority holder in their 100% owned flag ship and they have to buy something else just for a reason to even exist...oh hang on.... :-)
Euz have been drilling for what feels like a lifetime imagine if the licence is not granted after all the effort that has been put in!!!
@jed we can’t get anything out the ground without the mining license…. let’s get it and then go mining not long last legs :)
Jed the upfront capex to point of mining was calculated as US$79m in 2021. That will obviously be higher now with inflationary pressure though the intervening successful ore sorting study means the processing plant will be smaller, whether that will completely offset inflation I don't know. The point is we need a robust FS in order to get an investment bank to finance the construction of a mine and that is why this confirmatory drilling is going on at the moment. Frustrating I agree but you can't put the cart in front of the horse.
I want them to start digging, we know the metal is there.
Let's dig and keep drilling at the same time!!!!
Be careful what you wish for, if we stop drilling holes it will be because it's all over. Even when they're satisfied that we have enough certainty within the block model for the PFS, exploration will continue. Drilling holes kind of comes with being a mining exploration company. Hoping we might get assay results from 044 next week.
Hey lor_9 come back in a couple of years, they may of stopped drilling holes by then.
Hello guys how are you all! Been a long time since I looked at little Europa, are you any closer to actually having an operational mine? Now that it isn't run by a clown maybe a better chance?
Evening Roger, Mm's and anyone else looking in - certainly the SP is dire but I think we're positioned reasonably well to finally lever off not just our own work but the historical exploration undertaken to date. I have never pretended that the Denarius deal fulfilled my top end expectations but it does provide a realistic path to actually mine this thing which we are guaranteed to have 20% of if Denarius meet their spending commitments. I'm much more interested in the enlarged mining area than 'new projects' so hope to hear more about that asap. I expect assay results to come thick and fast as we have two rigs going 24/7. As far as I can glean we will not be going beyond the block model during option 1 so it is all about proving that a Zn Pb-Ag mine is feasible for now and that is what will go into the PFS. I suspect following that, Denarius (backed by Aris Mining) will want to look beyond the BM and get an understanding how far the mineralised corridor goes east and of course what lies beneath and equally what this confusing copper story might amount to.
Hey all been a while..I expect the price to start rising towards July and of with mining license looming. Sorry but you can’t have a mining license ready to go with resource upgrade and be at this rock bottom price. Heavily waiting with anticipation for a 3-5bags from here ..I think copper will be included as a boost for the SP. GLTA
Shed you’ve been here for years! What do you think is on the near horizon for EUZ? I’ve been out for well over a year and see it’s still struggling to get somewhere but I know these kind of companies take years to get everything lined up. Current market sentiment in this sector is truly awful (could be said across the board though) but I hope you’re going to be rewarded one day as a true lth here.
If you want a definitive record of trades check the proper London Stock Exchange website and also the Aquis Exchange, all UK executed trades should be listed in either of the two. The London South East platform that we post on only reports trade from the real LSE and makes an algorithmic judgement on what is a buy or sell depending on the real LSE spread quoted at the time. Note the London Stock Exchange website doesn't even report trades as buys or sells just the executed price as Mm's are obliged to report.
Even more odd is that one trade is missing altogether and.. all three were most definitely buys. Those are definitely the prices I paid. Typical rubbish LSE reporting but I know the system is flawed.
Check here….. https://www.lse.co.uk/ShareTrades.html?shareprice=EUZ.GB.PL&share=Europa-Metals-Ltd
Bought three small lots of shares in EUZ this morning. None of them have shown up at all on the LSE website. Odd