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Last post: Highside, 17 Jun 2024 14:23
Its interesting that a tip from a tipster or a mention somewhere can produce 40+ trades on Friday. ok most were under £1k but what it shows is if the management were to promote the SP and Toral there would be trades, and trades of any size create interest and in volume , attract traders and generally put stocks like this on radars.
I said all along the management can manage a hole in the ground but they can manage the SP of a listed company ? yet their renumeration package is still a major slice or the mkt cap. I think this last few days trading shows you are being severely short changed by management who are contracted to return shareholder value... and how's that going ?.
RNS due big buys coming in
1.05 looks to be the bottom..imo
lets see
Started: Cjen, 12 Jun 2024 15:10
Last post: Cjen, 12 Jun 2024 15:10
Europa Metals Ltd (AIM:EUZ, JSE:EUZ) reported a much-reduced interim loss and said detailed environmental studies are now nearing completion to finalise the formal submission of the company's mining licence application for the Toral project in northwest Spain.
For the half-year to 31 December 2023, the group recorded a net loss after tax of A$248,761 compared to A$1.2 million a year earlier.
A drilling campaign is currently for a total of up to 7,000m, focused on a combination of confirmatory and infill drilling within the project's known indicated resource area outlined to date.
All holes to date have been successful in intersecting mineralisation adjacent to an existing high-grade intersection, the company said, with the final drillhole for this campaign, Hole TOD-051, said to be currently nearing completion.
This follows the receipt of assay results from Toral conducted by Explomin Perforaciones, part of the exploration campaign in collaboration with Denarius Metals following the definitive option agreement outlined in late 2022.
These revealed significant mineralisation in seven drill holes, with notable intersections in drillholes TOD-044 to TOD-050, showcasing high percentages of zinc equivalent.
Highlights include a 4.95m section at 22.71% zinc equivalent in drillhole TOD-045 and various sections in other holes demonstrating substantial mineralisation.
Europa said it is finalising detailed environmental studies essential for its mining licence application submission to the Mines Department of Castilla y León, which it said underscored the project's potential and the company's commitment to advancing Toral responsibly.
Re-assays and re-confirmation of the results for several samples sent to the laboratory over the past several months included one hole that reported an abnormally high silver value, with an average grade of 160.52g silver per tonne, which was sent for re-testing as part of standard operating procedures when an abnormally high result is received.
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Looks like i am the only one with half an eye on this still :-)
Come on shed, tell us how deep the latest hole is or how DB did their due diligence at 12.5p and knew what they were doing ?
You currently own 100% of Toral and the Mkt cap is £1m (1p), what is your prediction when you own 20% of toral ?
Please show your workings on a separate piece of paper. ....
JMA 46
At the AGM we saw the first signs that this gravy train was slowing for the BOD
They noted that 43% reject the re-election of Evan Kirby as a non-executive director. Say 43% oppose authority to allot securities for non-cash consideration purposes, while 43% vote against disapplication of pre-emption rights.
That was 6 months ago so they are already half way to the next AGM.
Questions should be asked as to why the company agreed an expenditure of £1.35m for a 12 month period that expired last March with Denarius, is worth barely £1m today ?... and why the expenditure agreement has not been renewed ?
In fact there are dozens of very relevant questions that should be asked if only the traditional Bulls here had not lost interest like Lawrence.
Bottom line is if you don’t manage the SP then little point in managing the company unless you want to keep the SP down….hmmm now I wonder why the want to do that……
Waiting for mining licence approval.
Why hasn't anything progressed at all here, an RNS to say they have changed the auditors? Do something meaningful and give us something positive. Ive watched this drop from 18p to now with barely any progress on anything. Is there any wonder people don't invest in this project............
Last post: fourteenhundred, 1 May 2024 18:51
Moneymakers, looking at the timing and price, it was a sale. GL
Denarius raising $20m via a convertible...no mention of Toral in the use of funds.
Probably Myles creaming off as many as he can as a bonus or incentive or something while he keeps a lid on the SP :-)
I have to say i do still admire your optimism here, maybe you will get a consolation prize one day but the SP will depend on people buying in and thats where the plan falls down for me.
If 100% is worth the current £1m then 20%, will need to rise by 500% to improve on the current SP ?
I know you can spin figures any way you want, people were putting a £1.00 to £1.50 value on this not that long ago and you could argue things have got better since then.
Sorry i must be missing something now but i dont get the financials ....
1.9 million unknown is that a buy sell or what
Not yet T72 - I am waiting for money to come available first.
Started: Teaye72, 22 Apr 2024 14:17
Last post: Teaye72, 22 Apr 2024 14:17
Started: Redmoor, 1 Apr 2024 14:44
Last post: Highside, 4 Apr 2024 10:40
9p buy this morning, nothing holding this back now...Could it be Crisp topping up ?
:-)
Are we finally going to see an advancement here. Denarius Metals looks like a good partner to be with.
https://ca.finance.yahoo.com/news/denarius-metals-announces-change-trading-110000049.html
Started: JMA46, 28 Mar 2024 07:44
Last post: Highside, 28 Mar 2024 16:07
Just as well crisp, that would take the SP sub 1p if they could shift them at all.
The amount of cash reduced $170K in 6 months with almost $490K left so no need for a placing in the next 12months.
Interesting RNS. Nice to see the mining license application was submitted in October.
Started: Slave2Trade, 21 Mar 2024 08:56
Last post: Moneymakers, 27 Mar 2024 12:09
DBA are sat about 9p per share they wont want to lose they have backed this too much
I think the point is people are looking ahead to 80/20 position because thats when they may get a chance to get some money back. Nothing much is going to happen and I dont see any new money coming in here until the ownership and PEA/PFS hurdles are complete. At that time 20% is all well and good but until you know ,20% of what, you cant value anything or "do your research"/ invest, thus drive the SP up.
The worry then is what EUZ do with their 20% ? hand it back with a special dividend or just spend it on another 10 year project until the board want to retire.
My personal opinion is shareholders , private or institutional ,will want their money back and not want to invest in a completely new project given the dire history of EUZ, SP management .
Lucky I still look in from time to time just to clear ups few loose ends - look boys have your fun but try to keep to the facts - just for clarity..... Denarius do not get 80% on the MLA being approved. Conditions following Option 1 (which incidentally isn't completed having not spent $4m and delivered a new PEA) hence as yet Denarius don't yet own 51%. For Option 2 (80%) requirements are completion of a compliant PFS and payment of $2m to EUZ, not a delivered MLA, come on fellas surely given the crap SP you can get your point across without deviation?
Don't worry Bricks, Crisp's last post said he was buying more at this price so expect the price to pick up soon :-) still waiting at the moment to see a real buy but I'm sure his finger is hovering over the button ...
Maybe DB and the Directors here will follow suit ...lol, would be funny if it wasnt so tragic..
In addition DY6metals raised 7million on initial IPO at .20 per share. Today they are trading at .04 per share on ASX. Very predicatable outcome I hate to say with our two part time leaders no doubt somewhere in Malawi.
Started: Cjen, 21 Feb 2024 08:08
Last post: Highside, 6 Mar 2024 14:14
They raised between £10m and £12m and have a company worth less than £1.5m
They didnt keep the money you invested, they spent it so the chances of any LTH ever getting his money back is miniscule now.
The problem here was their own incentive payments were obviously not high enough to incentivise themselves . :-) Just look at the SP ....they certainly didnt incentivise the investors :-)
No, I just don't want them keeping the money I invested. I'm more than happy to take back what I put in and call it quits. I wouldn't go near AIM these days.
Redmoor, If you were getting £100k a year would you want to wrap the project up ?
I've been in this share for a long, long time. Years ago, our Bod stated there was no need to drill anymore holes as we already had a large number of cores for evaluation of the asset. After that, more drilling took place. Our Bod have had a large amount of time and money to prove themselves. What have they done? You can have the best asset on the planet but with lifestyle management, it means nothing in my opinion.
Ah, lets be realistic ?
Well there's a first time for everything :-)
Being realistic we did our money here yonks ago. Its been damage limitation since the consolidation. As a "grown up company" we have gone backwards, at least we could dare to dream a couple of years ago, who's dreaming now and who is having a nightmare ?
Started: Slave2Trade, 4 Mar 2024 13:26
Last post: Slave2Trade, 4 Mar 2024 13:26
Started: Slave2Trade, 1 Mar 2024 07:21
Last post: Slave2Trade, 1 Mar 2024 07:21
Started: Slave2Trade, 21 Feb 2024 06:03
Last post: Slave2Trade, 21 Feb 2024 06:03
Last post: Moneymakers, 20 Feb 2024 21:07
A mining licence and a resource update. Is that to much to ask for. How much longer can this possibly take. Ive seen granite boulders move faster.
Started: Slave2Trade, 12 Feb 2024 09:40
Last post: Slave2Trade, 12 Feb 2024 09:40
Last post: jedster74, 10 Feb 2024 10:04
So yesterday Denarius posted. On the 1st line "we anticipate a series of upcoming catalysts including a resource update for Toral"
Will this good news for us? Will this help move the SP upwards? I have no idea I'm a fire alarm installer, maybe one day I may get some money back.
Good luck us!!!!
Started: Highside, 23 Jan 2024 13:31
Last post: Shedulike, 28 Jan 2024 09:43
The accounts are prepared in Perth AUS and as such "All amounts are presented in Australian dollars, unless otherwise stated", always have been. Basic salary $154,853 in 2022, and contracted for £112,000 / $200,473 in 2023 I guess to reflect becoming Interim CEO in Feb 2022. Note that they had already implemented the salary sacrifice scheme in Jan 2022 (50% deferred or accrued through shares).
In the accounts it says Salary $154,853 which is £115,000 therefor the figures i quoted in my post were in USD ie $229k USD
If you think they are in AUS $ then 154, 853 would be £77,600
Oh get over yourself. You are wrong, you don't have to admit it but maybe just shut up about it ?
Figures quoted in AU$ hence comparisons to PM salary are correct according to my post last week. Suspect some don't read the footnotes.
I agree but would i be wrong in saying
All the while they take shares as payment and earn a good wage as well its in their interest to keep the SP low and accumulate stock. There would be very little point in getting this done any time soon.
I have never understood why people don't ever question what goes on here. for example...
LR was contracted to give 6 months notice and yet he went overnight having agreed to take shares as a wage just a couple of weeks before. Did he buy himself out of his contract ? Did he sell his shares, was he paid for the remainer of his contract ?
Cri5ps question would be answered if you knew what the plan was re a new project ?
TBH if no one knows whats going on or going to happen its hardly surprising no one buys shares anymore.
As i have said so many times, there never seems to be a plan or and end game...its just a shame because this could have been a great investment had it been managed as such
Started: Teaye72, 21 Jan 2024 14:23
Last post: Highside, 22 Jan 2024 07:59
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?
Started: grappa, 9 Jan 2024 17:19
Last post: Moneymakers, 11 Jan 2024 22:32
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!"
Last post: Teaye72, 18 Dec 2023 12:12
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.
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
Started: Cjen, 7 Dec 2023 14:22
Last post: Moneymakers, 11 Dec 2023 19:42
"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.
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.
Started: BricksSA, 20 Nov 2023 06:29
Last post: BricksSA, 7 Dec 2023 04:45
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 :-)
Started: Teaye72, 6 Dec 2023 09:49
Last post: Teaye72, 6 Dec 2023 09:49
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
Started: Slave2Trade, 29 Nov 2023 14:31
Last post: Slave2Trade, 29 Nov 2023 14:31