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The TOD23D is a great result... the wedge was drilled without a hitch and Azimuth On target without deviation which on 500m hole is incredibly difficult.... so to achieve this at 750m is an outstanding job.
Roughly 25m of core sent for testing, from a wedge hole is fantastic and speaks volumes in confidence.
As always there will be ignorance and naivety however no one can argue with the facts and results to date. The SP will respond.
It’s only a loss if you panic and sell at a loss.
Hang in there folks..... this is a good news elephant ????
Make smart decisions ??
Definitely a great result and a great informative RNS. Pity they put the old one on the JSE today.......The RNS on the LSE is great.....still very inconsistent news flow imo..... https://www.moneyweb.co.za/tools-and-data/moneyweb-sens/
and click on the EUZ sens.
Quite a large spread
Silver now over $18 all adds to our value
Absolutely crazy drop but I wonder if there has been a reaction to the distinct change in tone from the last drilling update. I speculated earlier that the NOMAD may have had a hand in this and cut out the emotional adjectives and references to visual mineralisation. Very much entering the business end of this story and EUZ have put on their poker face in my opinion.
Can someone please tell me what was the highest Europa metals sp went to in the past? I'm searching for info but very little available ?
@Schedulike.....how can one view this statement as negative. IMO.....its extremely positive and definitely points to an increase in the resource.........
"I am pleased to report that the first metallurgical samples, from hole TOD-023D, have now been dispatched for independent metallurgical testwork. We believe that the results from this testwork will enable us to update flow sheets from the December 2018 scoping study and advance Toral closer to a pre-feasibility study. In addition, with samples from the 'parent hole' TOD-023 having now been sent for analysis, we look forward to preparing an updated resource model for Toral.."
Deez - share price was 0.16p in Sept hast year (before delayed SS). Since then we've had a placing at 0.015p which resulted in a c50% share dilution so comparisons in share price are a bit misleading. Value of company may be a better way to go.
Think we were c£10m at peak last year.
Turner Pope SP valuation is 0.095p based on average between discounted cashflow value of 0.13p and peer based comparison of 0.06.
Obviously if NPV increases, which should happen if mineralisation is upgraded, then these valuations will rise
Bricks I don't think it is negative it's just different in tone from the last RNS. We had Myles' "great result" and LR being "most pleased to have encountered this significant intersection containing highly visible amounts of zinc and lead-silver mineralisation" on the 15th August. This time they just say they're pleased to have sent the core for testing, it's much less effusive and people pick up on that. I don't think it's a problem for the reasons I have already outlined.
I have been thinking for the last few hours where I can find some money to top up but I can’t :( this SP is way too low ATM - what an excellent buying opportunity !
Tempted to top up myself but thinking I'le leave it bit see where we are at midday as Everytime I buy in early it drops lol deff a good opportunity lower my average ..gla
Commenting today, Laurence Read, Executive Director of Europa Metals, said:
"We continue to make encouraging progress in respect of its stated work programmes and believe that the data being retrieved from Toral will significantly deepen our understanding of the project as a whole. We look forward to announcing the results of the analysis being undertaken on the samples collected from both TOD-023 and TOD-023D in due course. We believe that Toral offers significant potential for the development of a new, economically robust lead-zinc-silver project in Europe and look forward to continuing our work with all stakeholders to progress towards this goal."
STILL USES the significant potential so nothing’s changed..positive,positive, positive....
At the moment there's a two way mentality, sells for fear of dropping further, buys for fear of missing out on the rerate.
Normal market activity - it's your choice..
I personally think they are holding back their excitement unlike some other companies who try to use strong positive words only to then produce results worse than expected. I think we are in for a very nice surprise from this company - no bul***t
Thanks Oiltap, I think his comment to you also backs up this picture.
You can't have been in EUZ for long mate ;)