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Just to point out another inaccuracy posited today, the corporate investors hold 'ordinary' shares which have no seniority over PI 'ordinary' shares. If anyone can find examples of issuance of preferred shares do let me know, from memory I don't think so. Providers of senior debt facility would certainly clean up before shareholders but suggesting that the "corporate investors" in EUZ would be "paid off" before PI's is yet another misleading suggestion.
No, when Myles was paid through Virico that was his salary not an additional consulting payment. He opted to be paid through a consulting service company that he set up, I assume (but don't know) it was likely done for advantageous tax reasons, I saw that at the time and got answers. LR did something similar but dropped it to be conventially paid in the UK before he left. Look I'm obviously not happy about the situation but I do wish posters would take minimal effort to post accurately, the cr*pness of the SP shouldn't be a license to post cr*p.
I think they earning more Sheds and Highside…..they definitely are part timers at EUZ now….that I can assure you.
https://dy6metals.com/wp-content/uploads/2023/04/Prospectus-DY6-LODGEMENT-VERSION-FINAL-3-APRIL-2023.pdf
Grappa
Thanks but i am long gone but having lost so much here i like to keep tabs on this :-)
I see a different outcome to your scenario , i see the final sell off of the last 20% and the winding up of EUZ and as usual the corporate investors and debtors being paid off and nothing left for the PI,s. Hopefully i will be proved completely wrong but without any support for the SP from management, who knows ?
Shed
A/ I said 3 years ago when the SP was 15.5p on the 17 march which was as i said before the last drilling campaign and the Denarius deal.
B/ I think LR's last renumeration included expenses that almost exceeded his wage. It would be Nieve to think their income is restricted to a basic wage be it shares, bonuses or "expenses".
For example
Mr M Campion, an executive director of the Company, is also a director of Virico (IOM) Limited. During the year, Virico (IOM) Limited received fees for consulting services. These fees were based on normal
commercial terms and conditions. $240,000 !!
Bottom line is as i have said from the beginning and time continues to prove me right. However much good news there is or advances made, if you cant sell it to investors its pretty worthless to investors. If you don't pick them up on this then don't expect things to change, its in your interest now not mine. :-)
"It needs a rise now of 936% just to get back to where it was before its last drilling campaign".
- 5 April 2023 commencement of drill campaign at Toral (SP 3.15p), where do you get 936% from?
"How they justify their remuneration, currently about 1.5 times that of the prime ministers".
- MC on about £110K before salary sacrifice scheme (have you confused the $AU figure) not sure how much he gave up for shares, I think EK and DS get about $AU 3000/month. The PM earns a salary as both an MP and as a PM which adds up to nearly £170K, suspect you're just counting the MP salary. How on earth can you think that the Directors earn salaries 1.5x that of the PM?
For the record I think they are generously rewarded given the situation and undeniably there has been an utter failure to deliver shareholder value to date but let's keep the debate within the realms of reality and cut out the lazy hyperbole.
Hold faith Highside. EUZ won't achieve anything and it won't get close to being a mine but I still believe we can make up some losses if we become a cash shell for another company wanting go from private to public. I'm not bothered what the other company does as long as there's some interest to get the SP up a bit so we can all bail out with reduced losses.
Just hope it happens before we become a smaller version of Serius Minerals!!!
In the last 3 years this has dropped from 15p to 1.6p. It needs a rise now of 936% just to get back to where it was before its last drilling campaign, before the Denarius deal and all its incentive triggered management bonus payouts :-)
I expect the management are now even more part time ? so maybe they could explain what's gone wrong , how they justify their remuneration, currently about 1.5 times that of the prime ministers and how they are ever going to get this to return any shareholder value short of selling off the last 20% and shutting the whole sorry mess down ?
( I wouldn't regard anything under its position 3 years ago as share holder value myself and thats being generous)
Come on Shed, Cjen,Cri5p et al :-)
Forget it Teaye, what is a group going to discuss ? Who's been let down the most ? Who's lost the most, who spent years talking this up then just left everyone hanging ?
Basically it would be a group discusion/post mortem on how not to run a listed company :-)
Contact DB, maybe they would start a telegram group :-)
Anyone know if there is a Telegram group for EUZ pls?
Our recent acquisition of a 50% interest in the Augublanca #Mine has sparked a #positive reaction in the local #community and even caught the spotlight in local media. Dive into the article linked below:
You mean this denarius tweeted about
https://www.canalextremadura.es/noticias/provincia-de-badajoz/la-reapertura-de-la-mina-de-monesterio-mas-cercana-tras-la-inyeccion
Grappa, seems you keep your ear to the ground, "We are entering into an important phase in our business plan as we bring each of our Zancudo, Aguablanca-Lomero and Toral Projects into production over the next couple of years", Denarius Metals.
Sorry but what do you expect diferent to happen in 2025 ?
See you in 2025
Summats brewing google showing down here is showing 23% up hmmmm
Nice to see denarius share price going up :)
I think that's what Myles used to say to Lawrence. :-) he was probably right :-)
As Del boy used to say "This time next years Rodders we'll be millionaires!"
Haven't seen one of those for a while!... Leaky leaky?
You have to ask what were these bonuses for ? obviously not performance related or they would have been giving shareholders money :-) If they were for passing a target like the MLA then what were the wages for ?
As you get older you realise these companies are a huge con that pay out money to people that simply don't earn it and leave shareholder with nothing to show for it.
As is often said. the only people ever to make money on these AIM failures are the directors whose main skill is to "direct" as much money as they can into their own pockets with wages, expenses, incentives and bonuses with targets set at ground level.
no one ever says, hang on you paid yourself x amount to incentivise yourself to get these too 10p..are you going to give the money back now theses are 2p ...lol no doubt the next scheme will be to incentivize yourself to get these to 5p ?....lol
Quite frankly what has gone on here is symptomatic of British industry across the board be it water companies who get huge bonuses for pumping raw sewage into rivers ,down to Government who can lose Billions of your money on PPE schemes with no accountability what so ever.
I am pleased the bonuses were paid in shares rather than in cash. Shed you are right the size of the new resource area is the main issue. It could be a multiple of what was in the previous PEA. This possibility, the MLA being granted and the possible take up of Option 2 with Denarius committed to giving EUZ $2 million and funding the PFS for the larger area is not in the EUZ SP. Yes, nothing is guaranteed but if in 2 years time all these targets are achieved then the SP will be a lot, lot higher unless there is an unforeseen catalyst to stop the progress.
Bricks whatever we think of the morality of share awards when PI's are so underwater the actual mechanics are correct as far as I can tell - 1.5m for the successful completion of the agreement and initial cash payment and 1.5m for the successful MLA application. Possibly you're reading it as a successful MLA being the awarding of a ML but it's the acceptance of the MLA that was in terms. I have mixed feelings but we should understand that all the work to date has been essential to making the MLA possible. Hopefully something soon on Antonina and the enlarged mining area, for me an important part of the Agreement.
"Aguablanca Mine set to reopen within a year, thanks to a 50% rights acquisition by Denarius Metals. A strategic move promising a return of 25 million euros and underground operations."
Denarius post just imagine when they say the toral mine is reopening nice to see denarius share price moving higher
Oh, silly me.
When Bricks or I or anyone else come to that, lose money here its our fault because we stupidly bought into this too early.
When Crisp buys in too early and loses 65% (so far) it doesn’t matter as its just a paper loss :-)
Well news for you crisp, it was a small paper loss for me to but that didn’t stop your holier than thou nonsense over the years …lol
Unbelievable