Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Thanks for all the valuable information guys. Good to read a balanced view.
I always thought in this game though the big one eats the little one :-)
Don’t be at all surprised if you all don’t own a piece of Denerius in the end :-)
Well read Chrisp….No placing for shareholders of EUZ is imminent as its Denerius shareholders who will be asked to foot the next placing for EUZ…imo. Denerius mcap is now 22.631 m dollars. Assuming they would own 51% of Toral and possibly 80% do you not think it may be better to invest in them ?
I also agree that the value to be unlocked with incorporating Antonina will possibly far out weigh the fact that we have given away 80% of Toral ie $6m to get 20% of a far bigger asset now.
I mean 20 % of 2billion asset is a lot better ……and hopefully this is where the real value lies. All should be revealed in the next 12 months as they only have 1 year left exactly to complete PFS and secure a mining license.
Sheds…you are correct in saying this is the pathway forward but as you rightfully have said on a number of occasions on this BB…..at what cost ? I don’t think anyone would have said 80% of the asset will be given away to another Junior miner just to stay afloat and that effectively has happened. So the Toral asset has a real term value of $7.2 million if they paid $6m for 80%
So EUZs share effectively of Toral at todays price (if this deal goes through) is only valued at $1.2
If you divide that by the 80,036,914 shares in issue you will end up at roughly 1.4 pence per share. So right now the way I see it is EUZs shareholders have been boxed into a corner….I apologize for being so blunt but it’s either voting for this deal or going bust. No option imho.
@Money if you read the link that Pete posted you will find that they have all rights to pull out of the deal if Antonina is not part of it….all a bit strange why they announced this deal without securing Antonina license first. More and more starting to see smoke and mirrors here as well….so don’t feel too despondent or alone in your thinking.
You may be correct Sheds…but from their perspective would this not be diluting them by initially 51% and they therefore have no say moving down the road ….and then a further 29% a bit later ? I’m trying to understand how they could in effect accept a deal like this as they will be as with LTHs be diluted by 80%…..effectively view this as just another fund raise not a jv …as a JV is normally 50/50.
I think this is first time we ever agreed on anything Highside :-)….I also think DBA and Bennelong cannot be too chuffed with this development. But as you say…they may still block it but the fact that Denarius are already in doing DD might mean that they have approved the deal ? Not sure at all on this one.
The market will now value EUZ as owning 1/5th of the Total value of Toral and I guess of Antonia. This rise based on what we know at the moment imo cannot be sustainable as our asset base has effectively been reduced by 80%.
I’m starting to think this is quite a s### deal for EUZ LTH….Maybe that’s why LC resigned ?
I’m a bit disappointed that they gave so much away of Toral effectively EMI Spain to another junior miner for so little… On TSX they are trading at 0.14 C$ per share and we as EUZ were trading at multiples of this two years ago….In Denarius half year financial report they say “ As at June 30, 2022, Denarius has a cash position of $7.5 million and is currently evaluating its options to raise additional funding to take the Lomero Project to PFS-level next year and to fund the continuation of its ongoing exploration programs at its other projects next year.”
So if they needed funding before this JV was announced they will now be requiring additional funding to see this through. So their shareholders will have to cough rather than EUZ shareholders ….and when they get 80% of EMI…..that effectively means EUZ will only own 20%…. A bit of a slap in the face for LTHs imho.
And Denarius shareholders will own 80%………a strange deal indeed to say the least but I guess it’s better than losing everything. Good luck guys and and I’m pleased you got a bit of blue today that you all so richly deserve.
Lol…from LCs perspective I don’t see a difference between this so called IPO and a placing anyways….so imo Patientzero has read this well…..
The problem is you don’t even realize it is actually a placing….IF and I say if the IPO happens it will be another company owned by Kibo with more shareholders anyway !!
Well the first thing that springs to mind not to like is This IPO may not even fly as I am fairly certain AIM will do some due diligence here ….and this may not even happen as LC pulled this out of the hat imo to stop the doors from closing I reckon….and it’s not certain that the IPO is a given….so put that in your pipe and smoke it !!
How does the creation of a shell company and calling for new investors ito issuing an ipo as the old investors have been milked to an extent where they can no longer dilute them further under Kibo’s umbrella actually add up to “fantastic news” …..good lord how can one be so frigging obnoxious and stupid at the same time.
My apologies Looney…I told a white lie in my last post….it’s not 5 Years that we have been milked….it’s over 9 years and almost 10 !!!!
https://kibo.energy/index.php/kibo-mining-plc-capital-reorganisation-and-issue-of-equity/
Lols Looney….you gotta be deeeep into this ****e if you can’t realize you have been milked for the last 5 years and will walk away with nothing….and I so hate to see people losing their socks on aim. Anyways…I wish you the very best but NEVER say you were not warned.
Exactly the point I have made on a few occasions now but get lambasted by TR1 holders that can’t read a balance sheet. Kibo have NOT made a single penny profit in the last EIGHT years….the doors I am afraid will be closing soon.