Member Info for BricksSA

Game playing….The Tipping point ? Might very well be….that’s a lot of money to find before end of this month. Any thoughts on an extension though ?

@270 meters per week ….how many weeks will it take us to reach New Zealand Highside ??
Not in my life time I would hazard a guess…..I think a snail would move quicker !!! Lols.

On a lighter note Sheds….apparently if they drill the hole deep enough they should come out somewhere near New Zealand :-)

Possibly paid in script hence the TR1 ? Is that what you thinking ?

@14.26 the reason for KIBO is revenue generated as per last financials is a big zero.

I think the balance sheet for KIBO speak volumes. The last financial update was in Sept 2021 and was as at June 2021. KIBO had very little revenue streams and is effectively still in “exploration” phase. The benchmark investors look for when investing in an exploration company is that typically the exploration costs should be greater than the administration expenses…which in effect means that the monies is being spent on doing the right things….However in KIBOs case this is not the case. Anyone know when the next set of financials are due or are they past due ?

Some big sells today…..not surprising at all.

What I find very strange is they are working under an “exceptional extension” and LR is on record saying they want to further prove up the resource before applying for a mining license….when time quite frankly in proving it up is being wasted…..In addition when lodging the application for an exploitation license we will need development guarantees…still plenty of risk here ito timings….which we have very precious left I’m afraid. Worst case scenario is not lodging for exploitation license by my reckonings June next year or heaven forbid we will forfeit Toral back to Spanish Government I suspect.

Here you go Sheds….from my archives :-)
EXCEPTIONAL EXTENSION OF THE TORAL RESEARCH PERMIT

Europa Metals is pleased to announce that it has received an Exceptional Extension for three years for the Toral Research Permit, of which it is the holder.
During this new period, valid until November 15, 2023, Europa Metals will prioritize all the work necessary to finalize the design of a sustainable mining project with development guarantees for the Toral project and present the documents that accompany the Concession application. of Exploitation, in the shortest possible time
Europa Metals expects to be able to announce soon the update of the conceptual study of the Project, carried out independently by the Bara Consunlting company for Europa Metals and based on the data collected in the last months of work, especially in the areas of metallurgy, resource estimation and geotechnics. The conceptual study provides the most relevant economic data of the mining project, as well as the key elements to develop to increase the certainty in the project and produce a Pre-Feasibility Study (PFS).
The Europa Metals operations team is finalizing the program of re-estimation of the resource and metallurgical surveys, with which, in addition, the parallel research and development project will be launched to correct the drift of the wells and supported by the CDTI, with an initial aid of € 163,380 and which was announced on October 19. In addition, progress is being made in the hydrogeological and geotechnical fields, as well as in the environmental and waste management aspects. In response to the progress of the COVID-19 pandemic, Europa Metals will continue to put the safety and health of its workers and contractors above all other considerations, incorporating the protocols and recommendations indicated by the health authority to prevent infections in the environment of the company and project.For this reason it is possible that changes in the work plans will be produced, which will be communicated for the public knowledge.
Jesús Montero - COO

Teaye….yes we have the resources and I agree with a lot that has been posted recently. The problem for me is the PFS and the fact that our current exploration license expires Nov 23.
If I remember correctly it was reissued again as an “exception” ….and we are running out of time….this interview explains a lot in hindsight….LR clearly wanted to push the PFS almost 2 years ago when we were granted the exploration license…..here we are now in June 2022….not knowing when PFS will be completed. Says a lot to me. I have derisked to a point where I am holding now minimal shares for EUZ and will only buy back in when a clear path to production is published….all to iffy for me at the moment and also no guarantee that our exploration license will continue after it expires as I do believe we were in the last chance saloon 18 months ago hence the exception.
https://youtu.be/FgUyJRS5t6o

Glad in a way the deal fell through…..anyone else think the consolidation will now also be put on hold or are they still going ahead. ?

I think shocking is an understatement….. I question the ethics and validity behind this dilutive placing when the share is under suspension and a consolidation and purchase of another project is on the table. I honestly expect us not to be trading come end of May as originally RNSd. Expect further delays imho. Seems like more delays and surprises are imminent.

I’m with you on your analyses cunningfox…..smoke and mirrors at the moment this share definitely is….slipped 3 months …in the space of a month..until end June on the pre reqs for Broomfield project and now this…..an agreement to sell products on behalf of another company that makes them and they have yet to prove the concept….makes one hell of a lot of common sense to me :-)

“ Unless of course they want the SP down to buy way cheaper next time.” Never a truer word spoken by you Highside :-). Bennelong imo will own more than 40% of EUZ for a measly 2million quid after the next fund raise which is very imminent imo. Cannot see us holding out much longer and drilling is not cheap…GL.

This worries me….. https://www.kitco.com/news/2022-04-05/Putin-says-possible-nationalization-of-Russian-assets-abroad-is-a-double-edged-weapon.html

I think LR resigned because WA found gold when identifying the deleterious elements :-)
He is now officially unemployable :-)
Joking of course but who knows…..A third of the worlds gold comes as a by product from lead and zinc mines…….still hoping of course.

Some guy is trying to sell these at 88 c a share on JSE when one can buy them on the LSE for equivalent of 70c……I don’t think he will get any takers unless they can’t trade on the LSE.
GL.

Yep…that’s always been the problem Highside…PIs have funded this largely to where we are and most of us are fed up with the rinse and repeat tactics adopted by EUZ in the past…. I certainly will not be buying anymore until such time as a clearer pathway to production exists.

Sheds…I don’t think anyone will dispute we have a good asset. The problems are the usual though…..funding to complete the PFS as well as funding to build the mine…..e are short about 82 million quid my estimate. The problem is how much will be be diluted and when ?

I think Money may be right Highside…..but only after the next fund raise. I suspect Bennelong will own over 50% after it and they will have the rights to appoint a new CEO.
My guess is they are lined up to buy 100 million shares at.02p per share…..that will give us enough to complete the PFS I guesstimate.