Member Info for BricksSA

Why ??....buy whilst their is blood on the streets !! :-)

EUZ now has 5,574,876,317 in shares issued worldwide on 3 stock exchanges.
Assume it is sold before taking it from inferred to indicated for $40m (one hell of a discounted price)
That would give each share holder 0.007 $ per share as a special dividend or .0055 pence
A far cry from where we are today and this will happen soon IMO.
Time to top up I say….DO your own maths…..but this is the only way the current team will save some face IMO.

Asked him to look at renaming the scoping study to Scenario planning document and to put it on their website....this way I am sure we are not transgressing any ASX rule.

The sale of the asset is not linked to current SP in any way as far as I understand, unless of course someone is buying up shares with a view to takeover the company. It is linked to the value of the Asset and what one is prepared to pay for it. IMO ;-) So the asset will be sold not EUZ.

Or they can change the name of the document from Scoping study to Scenario planning and publish the damn thing !! It doesn't have to be called a scoping study !!

So how do we know that these so called group of investors are not buying EUZ at the moment ?
If I was them....I would be buying every share on the market that becomes available at this price !!!
Get EUZ for next to nothing !!

A suggestion...if ASX wont let you publish the scoping study with financials...publish it on youtube via presentation or at least make it available on your website !!!

....the wrong way at the moment !!....Im going to take a huge gamble and buy some more to average down with the hope that the asset will be sold within the next few days or weeks as I cannot see this management team surviving unfortunately.

SP Angel Flashnote; Europa Metals Limited (EUZ LN) 0.07 pence, Mkt Cap £4.0m – Scoping study for the Toral zinc, lead, silver project in Spain Europa Mining reports what it describes as a positive scoping study for its wholly owned Toral zinc-lead-silver project in the Castilla y Leon region of northwest Spain. The study includes a revised mineral resources estimate of 16mt at an average grade of 3.9% zinc, 3.1% lead and 24g/t silver all at the JORC inferred level. Mining is expected to use decline access to an underground operation using mechanised cut and fill mining in 50m high stopes extending up to100m along strike. Ore is expected to be processed via a conventional three stage crushing circuit followed by grinding, milling and flotation to produce azinc and lead flotation concentrates. The company points out that “since 100% of the Mineral Resources at Toral are currently in the Inferred resource category, in accordance with Section 8.5 of ASX Guidance Note 31, the Company is not able to publish a production target or forecast financial information at this time.” Europa Metals does, however say that “The findings of the Study are positive with a recommendation that the Toral Project should be progressed towards a feasibility study to determine full economics, technical and environmental parameters for an underground mining operation focussed on near-term recovery of the higher-grade mineralised zones.” Conclusion: Although, under JORC rules, Europa Metals is unable to publish the production forecasts or economic conclusions of its scoping study as it is based on a an inferred mineral resource estimate the company is sufficiently encouraged to be moving on to prepare a feasibility study - we await the results with interest.

An Investor evening hosted by Turner Pope Investments (TPI) Ltd, to be held on Monday 10 December 2018. The event will be held in London, W1 and will commence at 5.00 p.m.

To register your interest, please email info@turnerpope.com or call 0203 621 4124.

Ask Dan Smith @Europametals. email address...Dsmith@europametals.com

IMO two fundamental mistakes were made.
1. Boundary issue. This should have been identified some time back by management.
2. Scoping study with financials based on inferred resources. This was done and they were not allowed to publish it as per ASX rules it must be indicated resources. They should also have been aware of this.

Needless to say he is presenting today and all questions will be asked as to how the above came about.
Also no doubt ... questions will be asked reference financials and NPV and ROI which we all could have seen had they been able to publish it.

Yep...I suspect it will apply to all exchanges

And scoping studies....The one published is not the one I was expecting to read...The one I was expecting by all accounts as per below cut and pasted is only available to industry groups.....

Further to discussions with the ASX and in accordance with Section 8.5 of ASX Guidance Note 31, the Company will not make public any economic forecasts from the Scoping Study until further work has been undertaken to prove up at least 60% of the estimated resource from an Inferred to the Indicated category as per the JORC (2012) guidelines. The comprehensive Scoping Study will be made available in full to industry groups on application to the Company. Key elements include:
? Three conceptual underground mining development and production scenarios considered throughout the Study
? The conceptual scenario selected progresses decline access ramp with a high grade focus
? 4x4 metre mine standard development size
? Mining method and production schedule over estimated mine life
? Efficient mining block sequence identified

Thanks Oiltap for the response. Much appreciated and indeed some interesting questions...perhaps Martina can raise them as I believe she will be going. :-)

@ Oiltap....its been almost 6 months to the day that the start of the scoping study was announced...the 19th June 2018. I am suspecting that the low SP is a reflection more on the length of time taking to finalise and release via RNS....and possibly raises the question of how effective have they been in managing AMS and the scoping study activity itself.....
Maybe you should ask LR why this has taken 6 months if you are attending.....

This is the last opportunity we will have to top up imo....I sense something is happening so I have added another
2,140,994 to my portfolio since yesterday.... ;-)

@Dirty...that's my point exactly....15,274,977 have been traded today and still 3,400,000 offered @ 2c

Which means that 18,674,000 out of the remaining 23M were traded today !!!!
Doesn't make any sense unless Turner Pope have dropped some more.

@Matrix....The JSE is made up of the following and I received this information from Dan Smith some time back when I was considering moving my EUZ portfolio to LSE.

239,863,187 EUZ Shares issued on JSE in Total.
African Pioneer own 130,499,858 shares on JSE.
I own 73,000,000
Total between us 203,499,858
Remaining in SA 36,363,329

@Bobby...I also hope I am wrong but what else can actually explain this abnormal behavior on JSE....Yesterday it was LSE....today the JSE....Turner Pope is the only common factor I can see unless I am completely missing something really obvious.....