Member Info for BricksSA

Yep….it’s Looney…..TR1 Dave.

@Chrisp. Thanks for the response. I’m glad you think it’s a formality and I think you are very I’ll informed and need to do some research as I believe you are in the last chance saloon at the moment. Anyways Fwiw I am not buying EUZ and will be buying Denerius. Goodbye.

Chrisp…the Denerius deal is all about saving EMI Spain…..and they have less than a year left to get their exploitation license and in effect will not impact EUZ shareholders at all positively imho. The JV is with EUZ but the real beneficiaries are Denerius shareholders and EMI Spain.
I suspect it will be a newco IF Denerius DD is successful and yes EUZ will own 20% of it in the end but EUZ will have 4 new projects and Newco will own EMI. If the Denerius deal falls through I suspect EUZ will lose the exploration license for Toral. So how does all this effect EUZ shareholders positively ?

Yep. I see your point Chrisp. But having been fed bull****e about anti dilutionary strategies etc etc which never happened. I guess you quite happy to pay for the below on top of a 80% loss of ownership potentially ?
In addition, we have continued to persue our stated business development strategy and identify promising complimentary opportunities for portfolio expansion. As at the end of the reporting period, the management team had reviewed over 18 projects, with four being discussed and evaluated at Board level, and we intend to continue such activity and to identify, investigate and assess additional opportunities of potential interest. Further updates will be provided as and when appropriate.

So this may be the fall back plan then if the Denerius deal falls through. At least they will be able to pay WA for the PFS in script….yes…still a way to go Highside and still uncertainty as you say.
Good luck though to all of you and wish you the very best.

Hi guys….I sold out and will not be attending the AGM this year. However notice that no one commented on resolutions 3 and 4.
I wonder just how confident they are on getting the Denarius deal through.

Thanks for this information. Does this not jeopardize Kibos chances of staying in business ?My understanding is that for the last 8 years they have had zero revenues. The only option they would have then is to cut costs to stay in business or alternatively privatize hazarding a guess of course. Let’s see how this pans out but nice to know . Thank you.

On all those sells ? Dilutionary fund raise imminent imo.

I think it’s the difference in the currencies Highside. The results are in Oz $s me finks :-)

Don’t worry patience…he has more money than brains…for sure ….so he can come away with his shirt…if he is lucky enough. But you have read with well imo.

Never a truer word not spoken in jest …..hopefully the paid rampers and so called TR1 holders on this forum get the message and learn to read the last 8 frigging years financials on this paper trail offering !!!

Thanks for all the valuable information guys. Good to read a balanced view.
I always thought in this game though the big one eats the little one :-)
Don’t be at all surprised if you all don’t own a piece of Denerius in the end :-)

Well read Chrisp….No placing for shareholders of EUZ is imminent as its Denerius shareholders who will be asked to foot the next placing for EUZ…imo. Denerius mcap is now 22.631 m dollars. Assuming they would own 51% of Toral and possibly 80% do you not think it may be better to invest in them ?

I also agree that the value to be unlocked with incorporating Antonina will possibly far out weigh the fact that we have given away 80% of Toral ie $6m to get 20% of a far bigger asset now.
I mean 20 % of 2billion asset is a lot better ……and hopefully this is where the real value lies. All should be revealed in the next 12 months as they only have 1 year left exactly to complete PFS and secure a mining license.

Sheds…you are correct in saying this is the pathway forward but as you rightfully have said on a number of occasions on this BB…..at what cost ? I don’t think anyone would have said 80% of the asset will be given away to another Junior miner just to stay afloat and that effectively has happened. So the Toral asset has a real term value of $7.2 million if they paid $6m for 80%
So EUZs share effectively of Toral at todays price (if this deal goes through) is only valued at $1.2
If you divide that by the 80,036,914 shares in issue you will end up at roughly 1.4 pence per share. So right now the way I see it is EUZs shareholders have been boxed into a corner….I apologize for being so blunt but it’s either voting for this deal or going bust. No option imho.

@Money if you read the link that Pete posted you will find that they have all rights to pull out of the deal if Antonina is not part of it….all a bit strange why they announced this deal without securing Antonina license first. More and more starting to see smoke and mirrors here as well….so don’t feel too despondent or alone in your thinking.

You may be correct Sheds…but from their perspective would this not be diluting them by initially 51% and they therefore have no say moving down the road ….and then a further 29% a bit later ? I’m trying to understand how they could in effect accept a deal like this as they will be as with LTHs be diluted by 80%…..effectively view this as just another fund raise not a jv …as a JV is normally 50/50.

I think this is first time we ever agreed on anything Highside :-)….I also think DBA and Bennelong cannot be too chuffed with this development. But as you say…they may still block it but the fact that Denarius are already in doing DD might mean that they have approved the deal ? Not sure at all on this one.

LR…apologies.

The market will now value EUZ as owning 1/5th of the Total value of Toral and I guess of Antonia. This rise based on what we know at the moment imo cannot be sustainable as our asset base has effectively been reduced by 80%.
I’m starting to think this is quite a s### deal for EUZ LTH….Maybe that’s why LC resigned ?