Member Info for BricksSA

Hi Bobby...this was in the last RNS....I hope management are actively working on it ;-)
To achieve the range of outcomes indicated in the Scoping Study, funding in the order of AU$9
million (£5 million) will likely be required. Investors should note that there is no certainty that Europa Metals will be able to raise that amount of funding when needed to progress development. It is also possible that such funding may only be available on terms that may be dilutive to or otherwise affect the value of Europa Metals’ existing ordinary shares. It is also possible that Europa Metals could pursue other ‘value realisation’ strategies such as a sale, partial sale or joint venture of the Toral Project. If it does, this could materially reduce Europa Metals’ proportionate ownership of the project.

Yep.......Find it hard to believe that since 14th Dec until now....only 2 buys....the rest all sells??

Yes I see....someone estimated along the lines that only 20% of the licensed land rights are included in the JORC....
This is very interesting and a good question....if this scenario was modeled in the the SS ?
I would imagine for prosepective investors it would have been ??.....Cannott however be certain until such time as we are lucky enough to lay eyes on it ....;-)

Yes I see....someone estimated along the lines that only 20% of the licensed land rights are included in the JORC....
This is very interesting and a good question....if this scenario was modeled in the the SS ?
I would imagine for prosepective investors it would have been ??.....Cannott however be certain until such time as we are lucky enough to lay eyes on it ....;-)

Funding for next phase is a given...I agree...On the innovation side possibly a scenario to consider....the placing will be done at a far higher level than the current SP as the Scoping study with financials will be shared with the investors.....
You think this is a possibility Oiltap ?
Another possible scenario is forward selling of some of the resource....highly likely IMO.

I agree Oiltap....If the below isn't classified as "skin in the game" then what is ?
Directors dealings taken off my brokers page.....
22 May 2018 E Kirby Buy 12,918,258
22 May 2018 E Kirby Options 22,500,000
22 May 2018 L Read Buy 23,913,043
22 May 2018 L Read Options 112,500,000
22 May 2018 M Campion Buy 18,514,492
22 May 2018 M Campion Options 112,500,000
22 May 2018 C Bird Options 80,000,000
22 May 2018 D Smith Options 10,000,000

Yes please ...:-)

@Justsaying...you are welcome to post anything you like...however it appears that you are defaming LR's character rather than his judgement. If I was you I would be preparing myself for a court case as some of your posts definitely are geared towards his character. SO please be careful.

Here's my sum ..... I have over estimated on Operational costs as I took a shortcut !!! and yes it will definitely be more.....
1 608 000 000 Zinc value
1 080 000 000 Lead Value
221 000 000 Silver value
Estimated Total value 3 000 000 000
Divide total value by 10 for 10 year lifespan of mine = 300 000 000 for 1 year
Divide by 2 for overheads
150 000 000 USD per annum approximate profit per annum….
Assume 50 000 000 pa operating costs…
1 000 000 000 pa profit
8% of 1000 000 000
About 80 000 000 NPV

I worked it out to be about 80m $ .......am I close ?

Many Thanks Oiltap...much appreciate your guidance as always :)....Will do the math and hopefully it will put in a better mood :-)

@Oiltap..I thought I heard Bankable Scoping study mentioned a few times in presentations. I may be wrong but will do my homework....Please share your numbers publicly if you are confident enough to :-) I promise I wont hold you to them :-)

Thanks ben for the response...Just to add one point that really peeves me. The output from the last exercise was supposed to be a Bankable scoping study....so now Investment groups have got access to it but yet PI's like myself have no access to it....so we as shareholders funded an exercise for some outsiders benefit ? Really really mad that I cannot see the so called Bankable scoping study which you, I and many others also contributed towards !!

Also the fact that a placing was done to fund a scoping study that is worth diddly squat !! WHo is to blame for this other than management ??

@ben89...not blaming others.... just piss poor management recently. In all honesty in ur job would you get away with making two huge blunders that cost your company over 50% of what they worth and expect to get away with it ?

You think any heads will roll after this debacle ?

Yep :-)

Lol...isn't .0055 pounds = .0055 pence ?

I don't think its an over reaction....this is after all an exploration company....they should have known and done a better job and imo a reflection of their management. Market reaction is geared towards them...not the asset.
Where are they now ito managing the reputational risk etc....why have they gone quiet and just let this situation escalate ? Why no official statements....even an apology will suffice...still...nothing from them
Honestly I am stunned and quite shocked at the moment for their inconsiderate silence and no messages to their shareholders !!!

Yep ...divide 40$m by 5,574,876,317 ;-)