Member Info for BricksSA

Lols Sheds if it’s any consolation they have been both been performing as bad as each other the past 5 years… Denarius is (-92.39%) past 5 years and EUZ (-90.26%) past 5 years……so it looks like the two were made for each other :-) ….any gains will be most welcome :-)

Normally about 2m traded on JSE average…..today 16m

I got a funny feeling the stock is being moved from LSE to JSE……across border transactions perhaps ?

I see the JSE is still operating today with KIBO…..huge volumes….what on earth is going on….
https://www.moneyweb.co.za/tools-and-data/click-a-company/KBO/

Pump and Dump is illegal. Dave should be investigated imo….

https://youtu.be/NKhCA2a9hN8
A subsidiary……of Denarius in Spain.

Sheds I c EUZ had advisors for the JV ….. https://legaldealmaker.com/ince-mariscal-wildeboer-act-on-denarius-europa-metals-jv-agreement/

Yes.I notice that and this is what one of them says on the very first page of the Latest EUZ presentation….. “we will lead the development of this high-grade polymetallic project” Denarius Chairman and CEO, Serafino Iacono.
I’m also pleased they have the money Sheds….but honestly I still believe we as EUZ shareholders drew the short straw in this so called JV.

Sorry Sheds…Dont know where I got that from….It is actually 34%….The other major shareholder is King Street Capital Management which is a global investment management company founded in 1995 by Brian J. Higgins and Francis Biondi Jr. King Street Capital Management managed approximately $17.9 billion of assets as of June 2019. They own 20%…..so 2 major shareholders of Denerius have a total of about 54%.
Source: https://www.marketscreener.com/quote/stock/DENARIUS-METALS-CORP-111483007/company/

Chrisp…read the latest presentation on EUZ website and let me know if you are still of the view that EUZ is leading the development :-)

@Money Denerius is 61% owned by Aris mining…..they are already large as per Myles….furthermore in the presentation why do they even mention If EUZs ownership of Toral drops to less than 10% they will have no one on the board? Seems very strange that this is even mentioned.

And the latest presentation.
http://www.europametals.com/site/file/57/download/EuropaMetalsDenarius.pdf

Money…If Shares in issue are 92,925,802 and Deutsche Balaton Aktiengesellschaft ("DBA") invested £330,000, via the Subscription, for 7,333,333 new Ordinary Share
the last fund raise ….that’s already roughly 7% and if they had 7% before the last fund raise I guesstimate about 14%….what % do Bennelong have as I got no clue with their holding.?

I wonder why DB have not issued a TR1 ? Surely they should have more than 3% again…..anyone know whether it’s mandatory if they offshore?

It doesn’t seem to have updated Sheds….maybe buried is a better term :-) but point taken.
It can only get better from here :-) We all live in hope.

Hi Sheds in fairness as per JSE they are still showing Issued shares: 80,036,914
As the last fund raise was in the same RNS as the announcement of the JV with Denerius….so JSE don’t even know that more shares were issued :-)
https://www.moneyweb.co.za/tools-and-data/click-a-company/EUZ/
So maybe they are hidden ? …..:-) and should have had their own RNS ? Just a thought. Best D

And this strange sum……Denerius has 20 million shares in the market…..EUZ 80 Million.
Denerius will own 80% with their 20 million shares in the market…..EUZ will own 20% with their 80million shares in the market…..I wonder whose share holders are actually benefitting more.

In simple terms if we have 49% of a resource worth R1000 we have R490
To retain R490 with 20% ownership the resource needs to be be worth R2450.
So in fact it needs to be more than double !!!

I meant needs to double in size to retain the same value for EUZ holders

CJen…you asked the question yesterday but in real terms…..
49% of 349,000 tonnes zinc, 260,000 lead and 6.6 million ounces of silver is it better than 20%
of the expanded resource which will include Cu no doubt and we have no idea what the size will be…In fact even with Cu it may not be….as the resource in effect will need to approximately double again in value for it to be about the same. So again…more questions than answers with EUZ. The market has wised up to this I’m afraid.