Member Info for BricksSA

Another tweet….from EUZ….here’s the link https://www.bloomberg.com/news/articles/2022-01-12/expect-decades-of-high-commodity-prices-blackrock-s-hambro-says

I think it will Chrisp if I look at the incentive options expiring Dec 2023….imo as far as Toral goes value will only be shown next year….but as far as EUZ goes and the acquisition of possibly quarries it’s etc….value should be shown this year but we will need another fund raise…..that’s my take.
a) Tranche 1: vests on the delineation, by an independent third party, of greater than a 4.5Mt Indicated Resource estimate at the Toral Project, reported in accordance with JORC (2012), exercisable at a price of 8.89 pence per share and expiring on or before 18 December 2023;

b) Tranche 2: vests on the delivery of a positive Pre-feasibility Study at the Toral Project with an independent recommendation for the Company to continue advancing the project, exercisable at a price of 8.89 pence per share and expiring on or before 18 December 2023; and

c) Tranche 3: vests on the submission of an application for a Mining Licence at the Toral Project, exercisable at a price of 8.89 pence per share and expiring on or before 18 December 2023.

The exploitation permit is the mining permit Highside…:-)….I think you read exploration instead of exploitation:-)

Chrisp…I did some research over the weekend and came across this…..imo….it seems like as per Spanish law a feasibility study is required prior to any exploitation license being granted.
The following are necessary before obtaining an exploitation concession:
* Application. For exploitation concessions derived from research permits, the application includes:?
* the designation of the land in question, which, in all cases, must be included in the land granted for the investigation permit;??
* a detailed report of the geological nature of the deposit, investigations carried out and results obtained; and ??
* a feasibility study and a project for the use of the resources, including a report on the exploitation system, an outline of the infrastructure, a work programme, a budget for investments to be made and an economic study of its profitability, and sources of financing, with the guarantees offered on its viability. ??Source : https://uk.practicallaw.thomsonreuters.com/w-010-6661?transitionType=Default&contextData=(sc.Default)

And thinking logically…whatever asset we acquire will have to be revenue generating from day 1…..not trying to get everyone’s hopes up but for me a JV with Jubille or a newco with them will be revenue generating from day 1. GLA.

It’s the guys in Spain I think it refers to. They have a big team on the ground in Spain Highside.

And doesn’t this sound familiar ?
Jubilee said it believes its process to treat ore from multiple sources through a single, centralised processing unit while at the same time cleaning up historical environmental mine tailings liabilities can be applied globally to create more value and improve the environment.

Listening to LR again….It doesn’t sound like the value event is in Toral Chrisp…To me it sounds like the acquisition and the quarries play a big part in this acquisition imo. The only people I know of that have the technology to reprocess old mining tailings are Jubilee. Based on their new strategy which is previously they are to set up a separate international division to roll out its metals processing IP on a global scale.
My take on this is that we could be part of this new separate international division.
CB left EUZ rather quickly and no reason why was forthcoming from our BOD. They have a plan I am sure….and they are busy getting their ducks in a row.
Based on how they are accruing shares in lieu of salary I don’t see anything happening until July.
This is my opinion anyways but have a nice day and GL.

Thanks Chrisp…some valid points taken.
I think you speak more on the pre requisite of a PFS for any deal as an exception rather than the rule. In my time it is and has been more a rule and in our case I still think it will apply as every shortcut we have tried to take in the past has back fired on us. I think the market and prospective suitors have sussed this out and any due diligence on EUZ I am sure will be done thoroughly.
On CB front and Jubillee he will be leaving in the next 6 months….hence me thinking there is something more at play here. Best D
https://www.proactiveinvestors.co.uk/companies/news/969454/jubilee-metals-sets-up-new-standalone-global-arm-chairman-to-stand-down-969454.html

Lols Highside…..how do you know I wear a hat like that ??
Anyways….FWIW…..
For those of you interested I picked up on when LR spoke about quarries and thought about the possibility of these same auarries being the opportunity he speaks about when he talks of acquiring new opportunities for shareholders and will add value to EUZ and give it a revenue stream. It makes sense if we are in some way involved in rehabilitating these old quarries and make it part of EUZ ? Interested parties can read https://www.mogroup.com/insights/blog/mining-and-metals/how-to-generate-value-from-tailings-with-reprocessing-to-be-future-ready/
I am also starting to wonder whether if Jubillee metals are involved in one form or another…CB is the Chairman….DYOR.

There you go then….from the horses mouth…..”cost cutting ahead of a future fund raise “ in the opening minute.

How will this get to 16p without a PFS Aimgambler ? Current demand for this share is a big fat zero….so what do you base your 16p on ?? We already know what TP value it at….over 30p????has this helped the SP ? No it has not is the answer. Yes the asset is good and is undervalued by all accounts but I do not see this moving until PFS is imminent… and no Corporate deal will happen without one. Can you name any exploration company that has sold or JVd their asset without a PFS/BFS ? I bet you cannot….so what exactly do you base your prediction on ? A pump and dump ?

With No PFS imminent…..it tells me at least one more fund raise at least to complete it.
My belief is they can only do something with this asset after PFS. Hence my view. No I’ll intentions at all. Just need to get the timing right. I bought in too early previously. Lesson well learnt.

It’s called trading.

I sold 60% of my holdings….held 40% …..yes hoping they do another raise and it drops again and I will buy back the other 60% at a lower price….spot on Chrisp.

Which will be straight after the next fund raise.

Well I’m waiting for this to drop lower so I can buy again at basement bargain price :-)

Chrisp…a bargain price is in the eye of the beholder. :-) that’s all I’m saying. I mean…really if this drops to 3p which it will do if they do another raise….would that not also be a bargain price ?

Oh ok Chrisp….so if 5 p was a bargain price…..4p must be more of a bargain price with ur thinking.
Even on the JSE you can pick up shares now at the bargain bargain price of 4.5p.
So yes if 5p was a bargain price for DB then they must be very happy that had they waited a wee while longer they could have bought for basement bargain price …..lols. Have a nice day.

It’s all a ploy just to ensure they are positioned prior to the value event. In fact I’m starting to think the value event did not fall through….they just bought time to position themselves better. Think about it…..