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Mr james - you have a good point. If they are going to do such a terrible placing why wouldnt they allow the people who have financed this 4&%t show for over a decade - its a final insult to all of us really...
Financial; Conduct Authority ---- you know that highly effective organisation that keep the financial industry in line --- LoL !
The EMH DFS has been delayed twice now -- it was forecast (for the second time) to be complete end-March, EMH like KDNC now have zero credibility CEO's....
Bannor in what terms are you using the word F C A please
Needing funding is one thing ....but at a near 50% discount!!! ... Why now so urgently, when both EMH & we (apparently!!) are so close to significant news in the coming weeks!!!!! ....but more importantly & to the point is to who which could raise an eyebrow or some questions to answer ...or even warrant pointing out to the FCA
@EV_Bull,
hence the Subject, why was it so important to get the stake in Amapa increased by 1% just now, could they have taken 0.5% and still have the funds to get us through to end of year by which point EMH should have increased (hopefully at least 2X)
Interesting to see why!
I expect the EMH shares are going to be used to pay back the loan and because they have fallen we probably can’t sell any more to fund Amapa so needed the placement.
@mr.james
Cadence has provided a security package to the Investors as part of the Loan Facility. This package includes a floating charge over the Company's investments, placing its holding in European Metals Holdings into escrow
Could it possibly be the fall in the valuation of EMH or they want access to the shares?
Don't we own any Ore that we could sell ??
Could the loan facility have been withdrawn hence we have diluted so cheap ?
From the EMH BB, lots going on towards the end of April,
EURO Grants possible via strategic policies, leading to updated DFS guidelines ( they'll never finish that!! Lol), more info on timetable etc
:-)
Not BS, the loan was May 2023 and EMH is down over 50% since then.
BS. EMH isn't much below where the facility was arranged and it wouldn't need to be used for quite a while. EMH going null in the meantime is only a risk of the creditor secured against it. Soooo....
EMH has gone down too low for us to take the debt, that is what has caused the issue and necessitated the placing unfortunately.
They don’t seem to be using that… and from what i can see… with the warrants… this will take us up to the point of construction and c35% amapa… 17mins…
https://youtu.be/5DTCChBU_fA?si=UR0Y-FYY5vySmtRu …
33,333,334 x 4p = £1,333,333…
8.4% tr-1 awaited from the single institutional investor next week…
Didn't we have debt facility arranged to allow that?
Obviously if it turns out to be a mining company then it might justify it a bit if they bring something to the table but I am not expecting it to be as it would have been part of the announcement.
Seems from the description of the purpose this is enough for us to get to the point of selling the project or the project being funded by the JV partner from then on.
Lenigas , now wouldn’t that be funny
Are you serious maddog38, you didn't take the opportunity to top up?
...... having said all that's been said & read all that's been posted I look forward to discovering who has taken a £500k stake & work out what the plans might be .... quick small double digit profit or something else ... 🤔
Jim2/ dont bother we are depressed enough
.
....you just stick with focussing on the positives as you're a diminishing breed here .... can't imagine where the SP would be now if it wasn't for the positive balance you & EV bring to the board ..... oh wait a minute yes I can we're there 😂
That's what I'm trying to figure out?
I could fill the page with possibilities both positive and negative!
1% of nothing or 1% of X versus a short term dip?
Why now?
LoL @ Dallas ..... shame really but I got a mental picture of poor old Degsie curled up in a ball, fingers in ears going nah nah nah nah nah & just a day after Edison's research note eh!! ...... You couldn't make this up really, yet another one to add to the list of achievements I occasionally post 😂