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Roger who claims he couldn't sell his shares on the exact day they were never more in demand calls EUZ a sham.... Hmmm well I guess you missed the RNS last week detailing the highest levels of silver ever detected on the licence, did they make that up? I'd also be interested to know how Roger knows LR's exact frame of mind when he resigned - must be psychic I guess? What exactly is supposed to be misleading about my post yesterday I'd also like to know. I can hardly be pretending that something is just around the corner when the last RNS says "Detailed environmental work is nearing completion in connection with the Company's forthcoming mining licence application". Denarius released US$1.8m for the initial work programme to this end so nobody needs me to tell them that it's happening. I have never urged anyone to invest but I won't apologise for referring folk to the facts in the technical reports when resentful investors start posting rubbish I guess as a way of dealing with their own disappointments.
Come on Shed, give it up. Directors have had their fun here and shed loads of money from pis for many years and delivered absolutely zero. They are never going to because EUZ is a sham. Lifestyle company. Laurence Read left firmly believing EUZ had had its day even two years ago and yet myles is still there taking a monthly salary for what?
Please DO NOT invest in this rubbish. You will only lose money and waste time reading posts like the one below from Shed, carefully constructed to give the impression something is just around the corner. It has been like this for 5 years now and still nothing good has happened but the posts remain ever full of anticipation. Just beware.
On a wet Saturday morning I was just pondering how the three year trailing averages in Denarius' PEA might compare with the values used in our Nov 2020 PEA. Zinc is quite tricky due to the huge spike in 2022 but it should be in the region of $2900/t compared to $2668/t in 2020. Around the current mark of $2150 compared to $2099/t for lead in 2020. No surprises that the big winner appears to be silver which averages approx $24/oz up from $16.5/oz. Coupled with what will be a big uptick in our indicated resource it's going to be fascinating reading when the new financial metrics come out. Obviously CAPEX requirements will be going up as well.
Ignore the second sentence of my 9:04, not happening. So with 051 nearing completion assays could be complete end of the month and an up to date JORC end of September / early Oct? Should make very interesting reading as will the PEA as the bigger numbers come in. Have we left Aquis btw?
This must be the first RNS in the last 3 years where the SP hasn't dropped. Got to be a good omen. On a serious note good to see a trickle of progress. Hopefully in 3 years we will break even.
Nice news going into the weekend.
Time will tell I guess CHRI5P but I thought the campaign was purely to infill on the current block model. Maybe they feel they have enough and the final drill will be a kind of 'wild cat' going below 1000m and wedging off directionally. Just guessing.
A very good update. Shed I suspect with all the confirmation drills going very well they might be going for an even deeper one. The company went for the 31st July for the MLA knowing the 3 year end of the exploration licence is still over 3 months off. The RNS should please Denarius and the JV is looking to continue and hopefully we will have a PEA on a much larger JORC.
There we go, all good - delay due to resubmitting assays to confirm unprecedented high levels of silver. Waiting on environmental studies for MLA, as I guessed before these almost certainly require third party expert approval so we're probably at the mercy of the boffins on those. Don't know if anyone can enlighten me but I make it 4,439.7m of drills completed. They say 7000m in this campaign and that "Hole TOD-051 is currently nearing completion and comprises the final drillhole for this campaign" , surely 051 won't be 2,500m? Have I missed wedges?
Interesting
Thanks CJ appreciate the supportive comments. I have had reassurances on a couple of fronts and asked for permission to share on here which was granted. Sadly after reading yesterdays posts I didn't feel inclined to. For anyone genuinely invested I apologise but I'm sure it won't be difficult with some professional correspondence for anyone to get the same info. Just to say there has been a misunderstanding on the 31st July deadline which has more to do with us and Denarius than the Junta. I do think that EUZ RNS's haven't helped as they gave the impression that the 31st was indeed the Junta's deadline so I hope I'm not struck off the payroll after this public show of dissent.
I agree there is little [point in posting anything here but they are not posting anything anywhere. Surely mining licence applications and drill results are likely to be price sensitive and need to be published or the cynical might just say they have not learned from past mistakes. If they are not price sensitive that is because management has consistently failed to promote the company to its own investors. I also agree when the job is done etc however as i have said before this will spike from a lot lower to a lot lower than had it been actively promoted to speculative share holders along the way.
Anyway, what's the point, Good luck to you Cjen and thanks, at least you actually went to AGM;s and and showed respect to the BOD which is more than most of us got back from them.
you will be pleased to know... I'm gone :-)
Roger65. I hope Shed wont mind me pointing out that his insight comes directly from conversations with the senior management team at Europa Metals and is 100% reliable.
There is little point in posting such updates here as good news is always greeted in a derisary manner by negative trolls, and it matters not. When the job is done the results will be plain for everyone to see.
If you want facts then email the board direct and dont ridicule those that take the trouble to become well informed.
Shed is probably on the pay roll as he's been here for years. Always pointing out interesting things that amount to jam tomorrow. EUZ will go into administration before long but only once Myles and co have taken every last penny they can out of it. I wonder how much work they do per month for their salaries? A morning or two? Maybe? Lifestyle company and always has been. Never produced anything for share holders. Never. Nor will it.
So after 5 years of Toral Jed just hope to get his money back + £30 to cover trading costs ? says it all really...meanwhile Shed has been waiting for 3 months for the TOD-044 results and no one knows if they even got a MLA in last week ?
This is exactly why the SP is where it is.....
Hey Jed appreciate the humour from a holder but as I'm sure you know they're not drilling for fun. As we all know going for maximum certainty in the central mining zone before the PFS. Speculation alert! Do Denarius want a bit of 'measured', possibly. Slightly more interesting is that on limited info I reckon that recent assays have thrown a curveball and they're being reexamined - which explains why TOD-044 which we know was at the lab mid May hasn't been made public. Could be good or bad, wasn't it ever thus with EUZ?
My bad, apologies highside!!!
I'm hoping my bad humour cheers everyone up, I do need EUZ to succeed, even to the point where I break even.
Fingers crossed the next RNS starts the move upwards even if I profit £30ish that should cover trading fees for buying and selling.
Good Luck to Us!!!!
Jed
You just let the cat out the bag...
EUZ has been mining Toral for years, they just did it under the pretence of "just drilling holes" :-)
On LinkedIn a post, it is said news is coming about present drilling campaign and plans about the immediate future.
I hope the now expected RNS does not say that Toral has collapsed on itself due to being perforated away due to the excess drilling!!!!
Maybe they will say they will find it much easier to mine as Toral has been turned into one gigantic sponge.
With my luck they will announce another round of drilling as they have not worn out as many drill bits as expected so they are going to carry on drilling, then maybe next year a mining licence.
Good luck to us all I say.
Next year we will all be ...........?
On LinkedIn a post, it is said news is coming about present drilling campaign and plans about the immediate future.
I hope the now expected RNS does not say that Toral has not collapsed on itself due to being perforated away due to the excess drilling!!!!
Maybe they will say they will find it much easier to mine as Toral has been turned into one gigantic sponge.
With my luck they will announce another round of drilling as they have not worn out as many drill bits as expected so they are going to carry on drilling, then maybe next year a mining licence.
Good luck to us all I say.
Next year we will all be ...........?
CHRI5P I do think an RNS just making the situation clear would be in order. As you say they have stated there is a 31st July deadline so really there ought to be clarification should that pass without news that the MLA is in or not. As I said before if they do need more time I can't see it being a problem but I believe they should confirm that with the market.
Dont take it so personally ..lol
You said the MLA had to be in within 6 weeks, simply pointing out that six weeks is up Monday.
Just because you look to pull my posts apart doesnt mean others do the same to yours , that would be a little childish.
We have a RNS saying the MLA is going in so do we need one to say it is in. Maybe an operational RNS is required. If it is not in then IMO we should already have had a RNS
Sorry CHRI5P hadn't seen that when making my last post which was replying to 08:32. I agree that it could do with being cleared up along with whether we need an extension to the MLA deadline, I don't think they can let it pass without a statement of some sort. If we do it won't be a great look as in the spring it was announced as being on course but I guess a lot of the archaeology and environmental reports require third party experts so we could be waiting on something. Of course like everyone else I don't know but I would expect the Junta to react supportively if we do miss it.
Not sure what the point of that is but I have absolutely no problem standing by the post from June - everything I stated as fact is in B&W in the announcements. The matter of whether the PEA will be included the MLA was speculative hence the use of 'suspect we will' (suspect: "to imagine to exist or be true, likely, or probable") and the conditional tense 'could be'. As we have more recently discussed it now looks more likely the PEA will include current drilling so cannot be in the PEA, just the other day I concluded that any PEA issued now would have to be based on our own Nov 22 Jorc in June I was leaning the other way, I also remember saying before the confirmatory drilling began that it was difficult to see how they could complete 7000m of drilling get it assayed and JORC'd in time for the MLA. News of two drills and 24hr drilling suggested they were in a hurry and partly lead to what I said in June. Anyway if the purpose of reposting what I said was to reflect badly on me then I think it has completely failed for all the reasons above.
Shed I don't know when the PEA will be completed. Denarius could have easily done one for the MLA on the old data and it would have been RNS'd but this would be out of date considering the £4 million we have to spend mainly on Toral over the next 3 years. I think a podcast from Myles is required to fill in the gaps concerning the PEA/MLA. All we definitely know is a PEA is part of option 1.