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Https://x.com/RedCloudFS/status/1716460135558836240?s=20
❗DON'T MISS IT...
@DenariusMetals
Announces Filing of Mining License Application at the Toral Zn-Pb-Ag Project in Northern Spain
https://bit.ly/492SZGp
Agreed Cjen and Shed. I also believe EMI will be applying for an exploation licence for the Anitonia area before the end of stage 1. However, this. is not a stipulation of the option 1 anymore.
Sorry CJ hadn't seen that while typing, bit of duplication there. One thing new I think MC did let slip is that the LOM has moved from 12 to 15 years probably on the back of the last campaign.
Big milestone today indeed. The group structure is incredibly simple so I don't really see the need for confusion. EUZ is the ultimate holding company which owns 100% of EMI which 100% owns Toral. Looking to the future it is for each individual investor to consider what owning 49% of Toral with a MLA, new PEA and enlarged resource will be worth and if Denarius take Option 2 what 20% of Toral will be worth with a PFS. A starting point might be considering that Bara attributed a US$156m NPV to the project in 2020 with a smaller resource, no metallurgy, unfinished geo and incomplete hydrology. It is also hardly unusual for any exploration project to have uncertain future valuations, what drilling operation can ever be certain of the grade and scale of what it is going to find? If you knew you wouldn't need to do it, obviously.
Fact Check.
EUZ currently own 100% of Toral. Once Denarius complete the £6 million drilling program they will have the option to aquire 51% , leaving EUZ sharehilders with 49% of what at that point will be a fully proven resourse with a Pre Economic assessment.
If Denarius then go on to expand the resourse further by bringing in other mines to the estate such as Antonia the they can aquire an additional 29% . Leaving EUZ 20% of what at that stage would be a huge asset of Global proportions .
Correct we own shares in EUZ
However denarius haven’t bought into the UK they bought into Europa Metals Iberia
Therefore what is 20% of Iberia worth to Europa Metals
If the video is true from myles and they are trying to get Denarius to spend $4 million next year in drilling what will the resource be worth expanded and with the mining license?
https://www.proactiveinvestors.co.uk/companies/news/1030601/europa-metals-achieves-milestone-with-formal-licence-application-for-toral-mine-in-spain-1030601.html
MM
They dropped the SP twice last week on no sales because they knew they would have to raise it this week. Thats them trying to make a market.
the problem here is as its always been. People are in the dark. No one really understands how this Denarius deal effects the SP especially as the % of toral owned reduces. Remember you hold shares in EUZ not toral, others own shares in Denarious not Toral. As the value of toral rises how does that effect the SP proportionately in EUZ and how do you calculate that value as there % ownership drops. Long term holders might understand how that works but to a researcher looking in its not obvious. Suppose the value of Toral drops not because its a Toral problem but because denarius has problems and they own Toral, how does that effect the EUZ holdings. Its not obvious how you value EUZ unless they put their 20% Toral on the market and test the water
The other point is despite the promise of funding to the tune of £ millions the SP has continued to fall so its pretty clear the above posed questions are having a real impact on the SP and that is down to our old friend PR :-)
Market makers need to let this go they have been burnt and now trying to get in. They know toral will mine
Unlucky those people that sold lst week aswell 100,000 sell must have hurt
Funny you cnt buy a single share this morning
So the MLA in and the PEA with more drilling to come. Funding is not an issue all good.
Chri5p you were totally correct Mining Application done
I expect the MLA is already in and we await the new drill grades. The results are due end of the month so not long to wait for an update. The small cap eploration firms SP are on the floor. Denarius are at an all time low like EUZ and many others. Let's hope for some posive news
In fairness my comment ( in jest) was about needing an advisor not a new Nomad or broker.
Either way i wish you all lots of luck
Https://www.investopedia.com/terms/n/nominatedadvisor.asp#:~:text=A%20nominated%20advisor%20(NOMAD)%20is,to%20smaller%2C%20more%20risky%20companies.
There is nothing to worry about here. Please stop scaremongering.
I think Strand Hanson resigned as Nomads thus forcing their hand to find another one. No thank you note at all published. I know AIM companies fall in and out of relationships with Nomad as did LR with the Nomad before Strand Hanson….the name escapes me at the moment but I have an email somewhere in my archives somewhere on this subject. I honestly don’t think this latest change augurs well for shareholders as it was quite sudden and looks fishy imho.
Maybe they should offer their shareholders in assets. I’ll happily take mine from the storage shed at least I can then sell on the open market :)
Can’t see them creaming off Toral to be honest. I could get them a good offtske agreement if they just asked me but trying to talk to myles he won’t add anyone on linked in.
Still here ramping I’m sure it will come good in 2030 lol
"They don’t need an advisor with IPO we are already listed."
they will do if they cream off Toral into a new company with DB and leave EUZ shareholders with nothing :-)..only joking
100k sell at 1.81p ? boy am i out of touch. where are the rampers now...It can be hard to get egg of your face :-)
They don’t need an advisor with IPO we are already listed.
Why do we need a public offering?
Questions to ask why do they need an advisor with TO code
Our focus is on independent advice for companies listed on UK Markets: the Main Market (Premium and Standard), AIM, AQSE Growth Market, together with acting as an adviser under the Takeover Code.
Or was it just WH Ireland ditched them off their books so they had to find a broker quickly ?
Why one month ago did EUZ put on linked in
Together for Toral Project outright fast track. Soon will be shared fresh news about the present drilling campaing and the company´s plans for the immediate future
Lots of people selling but is there a TO? If we offered 15 million for EUZ tomorrow I’d take that. Worth a lot more but of denarius want 100% they can have it. £6,000,000 for 80% is a joke really considering the asset.
Crap at marketing the company though
What a difference a few months make. I have retired, out of investing apart from managed funds and enjoying my free time (or at least I will be once I have sold the business) I probably couldn’t have picked a worse time in the last 20 years to do that 😊.
What’s happened here? Where are the thread stalwarts? Where is the MLA? Why do they need an advisor with IPO experience? No comments on the collapsing SP? Anyone want to bring this thread up to speed?
Jed, There’s always next year - ad infinitum ;-)
Appointment of Nominated Adviser and Broker
Europa Metals Ltd, the European focused lead, zinc and silver developer, is pleased to announce the appointment of Beaumont Cornish Limited as the Company's Nominated Adviser and Broker with immediate effect.
Since foundation Beaumont Cornish Limited has completed over 80 AIM IPOs, of which 35 were in the natural resources sector.
Beaumont Cornish has also completed over 50 Main Market IPOs and has given over 45 companies advice in relation to the Takeover Code.
Looks like the latter can’t see an IPO
Prop, seasons greetings. Merry Christmas and Happy New Year.
See you when I return in 2024.
😀
News out on LinkedIn On November 22 and 24, the International Congress About Energy and Mineral Resources will take place in León and we couldn’t miss it.
We will be sponsors of its 15th edition, so that it won’t leave anybody unmoved.
Jed, A few weeks is optimistic to expect any news from this company - try next year. ;-)