Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Highside…I don’t think any of us existing posters (with the possible exception of Oil Tap) have called this right in the last 5 years….I will go as far as to say whatever event or outcome we predicted …exactly the opposite occurred. I am working on the basis that the opposite should occur. However with my luck at the moment I might just get this one right !! :-)
Fair enough Sheds…no problem with the Government of Spain….but where do EUZ get the funds from to complete the PFS ?
As per this article https://www.mining-journal.com/resourcestocks/resourcestocks/1401666/rafaella-resources-targeting-cash-flow-in-2021
Rafaela have completed their PFS and seems very likely to succeed.
I am convinced EUZ will as well….but we still need funding to get us there imo. GL mate.
KIBO ENERGY Management Efficiency
KIBO ENERGY PLC has return on total asset (ROA) of (11.97) % which means that it has lost $11.97 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of (23.4) %, meaning that it generated substantial loss on money invested by shareholders. KIBO ENERGY management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities.
Cut and pasted from Google Looney. :-)
Sheds….just in case it is Lundin and I am fairly sure they are still in the frame…
Accumulated losses as at Dec 2021 amounts to (47,737,983)
Any JV or deal would have to take this into account.
Is it fair to say EUZ currently has 79,130,649 shares in the market and therefore each share should currently be valued at around about 60p ( assuming the books are in pounds and not Oz dollars ) if any corporate deal is struck ? This being the case why do the brokers only value the share at 11p? Surely the exploration done to date is an asset and in real terms it’s our accumulated losses. Just my thoughts….GLA
And my guess is this is being manipulated for imminent fund raise. So I predict the next RNS to be one of fund raising and consolidation….I think LC is running out of time and money and his waxing lyrical of striking all these deals with zero revenue has caught up with him. Money talks and b**l****e walks as Looney would say.
Dead cat movement.FWIW…I agree Patient. Consolidation, Fund raise which will further dilute and repayments of debt still looming. Running on fumes I guess at the moment as zero revenue for the past few years….right time buy ? I would guess not but certainly would be once the above is addressed. Still hope here.
I agree Jedster…the elephant in the room remains…operational progress no matter how good as has been shown in the past does nothing to the SP. Where is the money coming from to get this past PFS ? Corporate updates are required to clarify this. In addition I see no “ value event” in this RNS…..maybe the bird has flown. Best D
No probs Sheds…we can agree to differ….the reason I state that is because in general, PFS`s have an accuracy within 20 to 30 percent, while feasibility studies (FS) require more formal engineering work and have an accuracy within 10 to 15 percent….so you expect a JV to come about with an accuracy level of about 50% I reckon. I think personally that risk is still too high.
Anyways…I respect your view and good luck.
We need money Money ….to get this over the line. All my research points to a completed PFS minimum before exploitation license will be granted…or any suitors or JV comes about and additional guarentees presented. Ad I’m not even sure whether a PFS will do it as they talk about a FS here. This is the Spanish law.
The following are necessary before obtaining an exploitation concession:
* Application. For exploitation concessions derived from research permits, the application includes:?
* the designation of the land in question, which, in all cases, must be included in the land granted for the investigation permit;??
* a detailed report of the geological nature of the deposit, investigations carried out and results obtained; and ??
* a feasibility study and a project for the use of the resources, including a report on the exploitation system, an outline of the infrastructure, a work programme, a budget for investments to be made and an economic study of its profitability, and sources of financing, with the guarantees offered on its viability. ??Source : https://uk.practicallaw.thomsonreuters.com/w-010-6661?transitionType=Default&contextData=(sc.Default)
Just to keep you focussed on this share and not the people who post here…I will respond …..
I have a small holding and do believe that green energy is the way forward…however I am waiting for the right moment to buy more and unfortunately for you I DO NOT believe the right moment is now with a share consolidation and more fund raising in the pipeline looming over our heads….or have you conveniently forgotten this is on the cards?
I’m with you patientzero….why he is always saying strong buy leads one to only one conclusion…he is trying to ramp it so as he can sell…..even google says this about Kibo…
Is Kibo energy a good investment?
If you are looking for stocks with good return, Kibo Energy PLC stock can be a bad, high-risk 1-year investment option. Kibo Energy PLC real time quote is equal to 5.000 ZAC at 2022-07-27, but your current investment may be devalued in the future.
Highside…if you check here you will see they will need a minimum of 2.5 million per year…operating costs.
https://www.lse.co.uk/share-fundamentals.asp?shareprice=EUZ&share=Europa-Metals
Highside. I still think JV is some way off especially after reading this paragraph on LinkedIn
“ The clearest risk we see is continued access to the capital markets, in common with other junior developer peers. The project, as we understand it, stacks up and has significant potential, but Europa will need to raise further capital to get it to an investment decision.”
In my honest opinion they will need capital before announcing any JV ….
So for me it’s between another fund raise or going bust. My money is and has been on another fund raise. Best of luck though with your decision :-)
In my opinion another placing is imminent as EUZ must be running on fumes at the moment…do some sums….to raise 2 million quid at a discounted value of 2 p per share will add another 100 000 000 shares…..bearing in mind they currently have 79,130,649 shares in issue….so that in effect will be catastrophic to current shareholders. If it does happen though I may consider buying back in as the SP normally falls to placing price. Interesting to see how this pans out.