@Bobby....some interesting questions......one being who will pay for it....I have no doubt we will be paying for it as shareholders....in one form or another...as we have done so in the past ...LR's debacle when he chose to raise funds when the share was at its all time low as opposed to when it was at an all time high....diluted the holdings of many stakeholders....but I am into their game now....I understand the playing field a bit better....One can safely assume we will get diluted again....and perhaps again.....so why not buy at these ridiculous prices ? I doubt very much once indicated resource appears on the Jorc whether we will ever have the opportunity to buy at these current prices.
Or alternatively...they loved what they saw.....and thought about how they can get a bigger slice of the pie??....I don't trust this management team at all !!!
Ben @GoLeftMassa Jun 13 More #EUZ - I struggle to believe that Vox appearance by LR. Sounded defeated, a broken man despite having no skin in the game himself. Pathetic destruction of shareholder value... with CB pulling strings in the background. Blacklist this mgmt, as it’ll only end in pain otherwise!
Have a look at the size of core on page 10..... So someone needs to explain to me how how they miss something the size of this ?? I am starting not to trust this current management team at all....I think they are playing games with us....I sincerely hope DB gets fired up and dismisses some of these clowns who profess to have all this experience and then make blunders like this....unless of course it was not a blunder but all done purposefully.
With the gross negligence by management currently taking place ....who knows...All I know is the asset -Toral is worth more than this current management team is....DYOR and make up your own mind... I will be buying more and holding....certainly not selling.
http://www.deutsche-balaton.de/kontakt/ Ask him what his plans are to right this ship which seems to have a stuck rudder....we keep on going around in circles......:-)
If LR had any balls he would fire someone....In the same RNS....under the heading the RIG.... The rig and associated operating crew is being supplied by Sondeos y Perforaciones Industriales de Bierzo SA and is being overseen by the Company’s on-site exploration team.....Overseen by the companys on site exploration team......also a bunch of part timers no doubt...same as the management team.
@10bagger...my advise is to stay in.....Deutsche Balaton will not put up with these types of mistakes. I expect they have already communicated to the BOD their disappointment...and concerns and may even possibly formally communicate to all shareholders in an open letter soon as I personally think they own more than 14.5% by now and they will want to protect their investment somehow. This is y opinion only and please do your research on DB and EUZ.
@Shedulike....you are correct...however makes me think of the previous mistakes...like the co-ordinates of the mining area....which were wrong !! reduced from 19mt to 16 after discovering this.....maybe they used the same surveyor ....and the hole was drilled in the wrong place from the start !! No one seems to lose their jobs after cockups like these....life just seems to go on and on....mistake after mistake. I don't know whether I should laugh or cry at the moment !!
@Bobby....if one is drilling a hole at a certain trajectory ....and its going to be 750 metres in depth...why did it take Europa Metals' technical team so long before they instructed the drilling contractor to terminate the hole at a depth of 652.90m........?? Surely the trajectory was already wrong on setup ?
No wonder shareholders get pissed off with this management team....f4ckup after f3ckup...who the hell are they going to blame for this now? Wasted our frigging money on a hole that will now only be used effectively for internal analyses...and now results only expected end of July on 2nd hole.....no gaurentee they will even get this right !!Pathetic management of this process if you ask me...and p##ssing our money down the hole so to speak.
RE: Objectives of drilling campaign....11 Jun 2019 07:47
@Leslieby...not quite sure what you mean but it looks like an 88 quid transaction dropped the SP 8 % yesterday....plenty of games being played...even a 3 m transaction was reversed...this tells me the MM's are desperately trying to make a market...and trying at the same time to keep the price down....(maybe trying to fill a big order ?) ...they must think we are monkeys at this game....trying to prize shares from clasped hands or sticky fingers...I honestly cannot see their strategy working any longer...it worked for a while but I think most PI's now realize what is going on....something is about to give....I can sense it...this bubble may burst sooner rather than later.
Objectives of drilling campaign....10 Jun 2019 13:52
I wonder if they have any meaningful results at this stage and whether discussions with potential offtake parties has already begun ? Seems like all the shares are now "locked down" and no one budging.....
Thanks Bobby and Oiltap.....so 2 MM's who have got DMA can in effect manipulate without human intervention.....That's the point I'm trying to make...and by damn...they seem to be doing it a lot nowadays.....and appear to be getting away with it....or so they think !!!
For everyone's information.....I am currently being asked to pay a fee for looking at the trades on LSE which I have never been asked to do previously....not at all surprised......maybe I have touched an open wound......please report any suspicious trade....which at this point looks like all the sells.....to below link.... https://www.fca.org.uk/markets/market-abuse/suspicious-transaction-order-reports
@Oiltap...my understaniding of how the AIM operates and please correct me if I am wrong.....If one is a trader.....put a sell in for 123456 shares and ask .030......if another party puts a bid in for exact same number of shares ...123456 @ .031 it will automatically offset the trade......no human intervention required as the buy and the sell volume match and the new price will reflect on LSE....am I correct ? If this is not the case ..... what measures are in place to prevent manipulation of this kind ? As this is what I believe is possibly currently taking place on AIM with EUZ except the other way round.
@Oiltap...I am with you. I also hope they did.....In a normal exchange one would think they have....However on AIM ....not so sure.....maybe to your partner ?? Which is still ....sticky hands.....but you still hold the lolly :-)