Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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
Grappa I take big stakes in AIM mining companies and all my EUZ shares are in my ISA and pension. I am actually retired. My average is 4.5p and so I am around 65% down but this is just a paper loss from profits made from EUA, RMM, HZM etc.
Myles now às 5% of EUZ so it is in his interest to get a higher SP going forward. Myles and co have spent too much on admin in my opinion over the years. However, this last year they have done what they needed to and if they can be granted the mining licence and a much increased mining area by December 2024 then all good.
Sheds….the RNS in Jan 23 clearly states on “ Successful Mining Licence Application for the Toral Project “ another 1,5 million share options….
Seems like he has pre empted this event and given himself 3 million shares.
I personally think the second 1.5 million should NOT have been awarded as the successful MLA is not a given….especially with no PFS.
They should for go the shares. We need a new agreement to base everything on performance
They were entitled to these as soon as the MLA was in, the first performance condition (option agreement) was effectively already met when they were passed last year. The time to object to this award was in 2022 but I agree it's still a pretty deplorable look given the SP.
Just when one thinks ..I’ve seen it all…..this must take the cake !!!
Performance milestones achieved! Wow, that was a low bar! 🤣
I hope this isn't your pension pot Chri5p as you seem to be backing EUZ and Denarius heavily. Always worth spreading your risk in a diverse portfolio.
Great news Cjen. Their SP is up 35% over last few days which is good news for EMI. It also might be worth saying that if the new resources area increases substantially they might refuse the option 2 and table a bid for the whole of EMI. I did buy a few Denarius shares a month ago on top of my EUZ holdings because I do think they're also well cheap.
Denarius Metals Accelerates Its Path to Production in Spain with the Acquisition of 50% of Rio Narcea Recursos and Its Aguablanca Mine in Extremadura and Andalucia, Spain
Two part timers at the helm of EUZ….all falls into place now. Sad fact but unfortunately true.
They must be milking it quite frankly. And I think they have milked EUZ dry !!!
Skated through the first 20 pages and it sends a shiver down my spine.
The song, "start all over again" springs to mind
Take a step back, turn around
Look at the world that you've let down
My, my, such a disgrace
The damage is done you can't replace it
These are the things your mind will tell you
These are the things your heart will say
These are the things that leave you hopeless
These are the times you say
There is no way, no way, no way
But as long as you are breathing
You can start all over again
It your heart's beating
You can start all over again
Goodbye Sorrow, you can start all over again
Hello Tomorrow, you can start all over
--------
Rinse and repeat. Great work if you can get it....
I was also strangely thinking about LR the other day after I read this article…..
https://dy6metals.com/wp-content/uploads/2023/04/Prospectus-DY6-LODGEMENT-VERSION-FINAL-3-APRIL-2023.pdf
What a frightful awakening I got !!!!
Funny - I was wondering about this the other day! At least he picked up the phone and was happy to talk to shareholders... total black hole since, IMO.
Tell you what i would like for Christmas :-)
I would love to hear LR's side of the last 18 months. Not in any personal way, just an honest appraisal of the route taken and any options to that route that were available .
Was he on course with a plan and had the rug pulled from under his feet, did he keep his shares ? , why did CB jump ship. what did DB think ?
Did MC stay on in both roles to save a few bob and try and rescue at least a small proportion of the SP for long term holders ? so many questions..... but for me its water under the bridge but i cant help a bit of curiosity :-)
Tell you what i would like for Christmas :-)
I would love to hear LR's side of the last 18 months. Not in any personal way, just an honest appraisal of the route taken and any options to that route that were available .
Was he on course with a plan and had the rug pulled from under his feet, did he keep his shares ? , why did CB jump ship. what did DB think ?
Did MC stay on in both roles to save a few bob and try and rescue at least a small proportion of the SP for long term holders ? so many questions..... but for me its water under the bridge but i cant help a bit of curiosity :-)
Bricks - they seem to be pushing it hard recently tho... unless it's all a bluff.
Somehow I wasn't following @europametalsltd on Twitter... and they have been posting frequently recently... Sharing in case others aren't aware. Seem to be synchronising with posts on LinkedIn - finally.
https: // x.com /europametalsltd?s=20
Obviously no research has been done by the idiot poster trying to punt a share that imo is actually doomed. Denerius has some major mining houses backing them like Aris and now this one…. https://financialpost.com/globe-newswire/gcm-mining-corp-acquires-6700000-common-shares-in-denarius-metals-corp-and-files-early-warning-report
Quite frankly EUZ has to get another project otherwise they are doomed.
Moonlight first now Toral…..all history. What next from this lifestyle company imo.
Remember when Option 2 is in place Denarius will need to pay us £2 million within 12 months and before they get the extra 29% will need to fund a PFS for hopefully a much larger area.
The reason I am more concerned about opinion 2 is that Denarius would now own 51% and they could go slow, change the plan, force EUZ to raise money. So the acceptance of option 2 for me is critical.