Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Highside …Chrisp Is either MC in disguise or getting paid to punt this share. Look at his bigoted posts ….he talks about not being concerned and the license not being guaranteed in the same sentence !!! Also talks about EUZ becoming a shell company …..wtf ? Is he priming the masses that’s it’s ok to sell the crown jewel for $4m when the loss on the books is over over $24 m?
I mean this dork should not be spending public money !! EUZs administration costs exceeded their exploration costs!! Get Chrisp to ask these pertinent questions to himself !!
On the one hand you talk about not
Glad to see you are not concerned about the mining license but in the same breath say it’s not guaranteed. Welcome to the real world.
FYI…the document is right up to date and was updated in 2019 with latest EU mining law.
It also tells the difference between an Exploration permit , Investigation permit and Extraction permit which is the current process btw. Now EUZ had an Investigation permit which expired 15th Nov. not an Exploration permit. The document also refers to two types of exploitation permits which can be granted. The one being where you can apply for an exploitation license without a PFS and the other with. Please read it so you can understand. In addition in the Denerius presentation they talk about doing a Scoping Study in 2024. The problem I have is we have already paid for a Scoping Study which was delivered by EUZ some time back. Yes you will say that this Scoping study is to prove up a greater mining area but would the exploitation license not then have to be updated to include this ?
Fortunately my budgie is still alive :-)
https://s29.q4cdn.com/901583928/files/doc_presentations/2023/09/dslv-corporate-presentation-september-2023-final.pdf
Chrisp….sorry about the smell….your post 26th Oct ….. When you have a MLA in it overides the expiring exploration license because the reason for receiving an exploration license is to complete an MLA. Additionally, you are now aware that you were wrong when you were adamant we would need a PFS first before the MLA. Everything is going to plan since the agreement with Denarius and may it continue.
After all we are talking about the same company that thought they could publish financials with a Jorc report and ended up delisting from the ASX. Now if you had bothered to read section 1.6 of the document I posted you will find that the MLA should contain a feasibility study. In addition if you read a bit further you will find that if the mining license is not granted….then investigation can continue until expiry date…..me worried ? Not at all ….however…You really should be because if it’s not awarded Toral is history as far as EUZ is concerned….For a lot of people and some of my friends who have invested here I am hoping that it is awarded by the way !!!!! But stop trying to make out it’s a formality as it definitely is not.
Chrisp…I don’t need your permission to post here. I am an ex investor who is still very interested in Toral. Can you name a few exploration companies in Spain you have invested in please where they have applied for a mining license not having completed a PFS and have been successful in the application ?
Https://rmis.jrc.ec.europa.eu/uploads/legislation/MINLEX_CountryReport_ES_2019update.pdf
For those interested in the MLA process in Spain.
19-Aug-20 19-Aug-20 Placing Myles Stuart Campion 12.75 GBX 78,431
Yes I agree and he should be telling the public how he will will get this SP back to 12.75 p again….which it was when he bought some !! But hey…he enjoys exploration so much he is going to drill again in what he and LR called Toral …. A pin hole cushion in 2020…..that’s how much drilling has taken place already at Toral…..yet alas….more drilling to come in 2024 and again in 2025……seems like he will get his wish….another exploration license extension on the cards .
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.
Chrisp I honestly think you need to do some more research on MLA s in Spain.
From my limited knowledge ….the Mining license applicant needs to lodge guarantees with the Junta ….these guarantees are commonly known as Bank guarantees. Now where on earth would little EUZ without Denerius source these guarantees from without a BFS.?
Well let’s see what happens with the MLA. My understanding is exploration licenses are only valid for a year in Spain and they have already got the current one extended.
If they miss the deadline I think it could be curtains for EUZ and EMI/ Denerius JV will have everything handed to them on a plate…..at great cost to EUZ holders.
“ A part repayment of £800k to its majority shareholder, Kibo Energy PLC ('Kibo') with regards to the shareholder loan owing. Resultingly, this will reduce the total amount owing to Kibo to c. £432k. “. From the MED RNS.