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And thinking out aloud….the value event can now take place as they are both well positioned now whereas before they had little skin in the game. Makes me sick….watch this climb now.

See what I mean…..we don’t even know how many shares they are being issued in lieu of 50% of their salaries…..pathetic RNS and tbh this SP was most probably kept low so they could get more bang per buck knowing full well that they would do this.

And I guess in addition WA cannot be happy at all……after aligning themselves with these cowboys.

Well something has to happen soon Sheds as imo both DB and Bennelong and surely the Nomad cannot be happy with the non event of a value event which was RNSd not once but twice.:-)

The problem is …. LR only tells us what he wants to…..not what we need to know….and it’s been like this from day 1. Look at PANRs latest webinar …. Puts our BOD into perspective after viewing this.

So the chances of the SP moving up during the current climate is about zero then.
I expect this to drop even further now…..this is the nature of this beast of a BOD we are dealing with. …until such time as they give clarity. I expect they want to but it won’t be the news that shareholders were expecting. Hence the silence….guess they trying to work out how what and when is the best time to update the market. Time will tell.

You have the nail on the head Sheds….” in the hope that advanced workflows satisfy interested parties sufficiently for them to get on board and help fund it's completion. ”
I don’t think WA would have accepted being appointed PFS manager with the clause you stated above.
So dilution WILL imo happen again….and perhaps a lot sooner than we originally thought as the current funding does not cover PFS or the acquisition of another asset. Only current Ops by all accounts.

Yes Sheds and Highside…..raises many questions and this deathly silence from our BOD does not bode well imo. Something definitely amiss here. Looks like a bit more than a value event fell through…..maybe the PFS as well !!

It raises other questions for me as well Highside. How do WA take on the job of PFS manager with no guarantees of it being funded or their payment for that matter……?? Does not somehow fit in any business model in todays terms. Unless of course guarantees have been signed by DBA and another fund raiser looms….Time will tell.

Where have you read that the PFS has been abandoned Highside ? WA has been appointed PFS manager and until RNSd otherwise it is still happening imo. Best D

Some of the shortcuts that didn’t work…..Highside will have more I’m sure.
Produced a Scoping Study with financials based on inferred resources. This is not allowed under Jorc rules. In order to publish financials the resources needed to be indicated or measured. Now being an exploration company they didn’t seem to know this….rather strange indeed.
LR is on record saying he doesn’t care about the SP and the end game is what is important….so in effect saying he is not interested in shareholders day to day value…..If any other CEO of a public listed company said this he would be removed immediately.
Fund raising seems to be done as a last minute add on with this company and non of them have taken place imo at the correct time. Always when the SP is at its lowest and great discounts are offered to buddies and DB…..not a good practice at all and I expect more of this before PFS is produced.
They obviously tried to sell before PFS is produced. This is not normal practice imo.
Mets with no deleterious testing…..a suite of them and we still waiting for the last batch….4 months and counting……
Yes I’m sure you have done your homework aimgambler but don’t pump here when you haven’t got a clue as to what is behind this BODs intentions. All I know is that given their track record we need a lot of luck. Best D

@ Aimgambler. Good luck and I hope you are correct….however my gut feel says at least until PFS is delivered…..and this will take another 6 to 9 months. Why have the Mets not been published ? You seem very bullish about what exactly ? Another pump and dumper ?

Thanks Jed’s.Appreciated and will check them out.
From EUZ perspective I retained about 40% of my holdings and sold the rest.
I still have hope though that something will happen here even though by all accounts a deal with a prospective suitor fell through. Whilst we all say the value is in the asset….I still have this niggling feeling that something is not quite right here as with the value of our indicated and inferred resource at todays price….the big boys should be lining up to buy us…..and bidding against each other quite frankly….but alas…this is not the case and for the life of me I can only guess that this project is not quite ready for a sale. Maybe another year or so. In the meantime I will look elsewhere to make money and will pop back in ..in the next 6 to 12 months. Best D

Thanks Props for the heads up….it’s all about buying at the right price and point I guess….the problem I have now is how many more diluting funding raisers are we going to be sucked into ?
I personally have experienced 4 with EUZ and honestly this BOD has not delivered shareholder value as even though they have derisked the project considerably during the past 5 years the MCAP has grown smaller …..quite substantially as well by the way…Now one may ask how is this possible ? It doesn’t make any sense to me …and others I have spoken to point a finger directly at the BOD for not managing the SP at all. The term they use is dereliction of duties and I think it fits aptly with our BOD and EUZ.

This was posted in the RNS dated 1st Oct 2020.
The Company will also utilise the bulk sample obtained during the recent drill programme to undertake a new phase of metallurgical and waste testing via Wardell Armstrong International. It is intended that ore sorting analysis will be conducted on the large bulk sample within the upper zones to complement its 2020 work. In addition, further ore sorting testwork will be utilised to determine the potential recovery and concentrate production levels from the lower, carbonate zones.

Laurence Read, CEO of Europa Metals, commented:

"With an approximate 55% increase in the Indicated category to 5.9Mt @ 7.1% Zinc Equivalent (including Pb credits), sitting within a total resource, open at depth and to the East, of 20Mt @ 6.3% Zinc Equivalent (including Pb credits), this independent resource update represents a significant advance for the Toral lead, zinc and silver project.

"By formulating and implementing a highly targeted drilling campaign, our team has achieved this significant result in a highly efficient manner, in an area of the resource that should directly impact the early future production years of the Toral project. We are now progressing to a new phase of metallurgical testing in order to determine the most efficient production routes for the upper zone including examination of ore sorting. The overall focus continues to be on proving up our well established lead, zinc and silver resource area and continuing to de-risk the development profile."

Does anyone else think that WA are sitting on information that shareholders are entitled to see as soon as it is known ? It’s now over 4 months since the assays were completed. Sorry guys but I find this very strange….No ways should it take so long to complete the Metalurgical testing after assays were completed last year…Unless of course it never panned out the way they thought…..Excuse the pun. Best D

Is this not the digital Euro launched by ECB ?

This was posted in the RNS of 26th Oct 2021. Almost 3 months have passed and no further news on the strategy. So now we have nine months left for general working capital ? Imo…if the theory of having to raise funds before it dries out and we go bankrupt applies….expect another fund raise within the next 3 months if no progress on Corporate side. Also note the “excluding any expenditure in respect of potential transaction opportunities” clause which I only noticed now.
“General working capital: it is anticipated that the net proceeds of the Fundraising will provide approximately 12 months of additional working capital for the Group excluding any expenditure in respect of potential transaction opportunities.”

BTW….Looks like Adam Habib was a complete waste of money….wonder if DB will grill LR and MC on this …..they damn well should.

Chrisp…from my understanding we are not open pit. We are an underground mine and will be enclosed.
Highside….I have changed my mind reference the management. I honestly believed they would deliver…but the facts now are on the table. They could not.
If I’m miffed about this as a LTH I suspect DBA will be as well…especially if the so called deal fell through after they had invested for the 2nd time. I honestly think both LR and MC are skating on thin ice.I will only buy more once their future is decided for them seeing as they will not do the honorable thing. In the meantime like all of you…I will hold on to the 200k odd shares I now hold having derisked and sold at a loss the other R300k.

Good morning Mailgirl. I like your optimism however a few facts that need addressing have cropped up and I don’t see any progress here in the last few months.
The delay in publishing the last est Mets is a huge concern. Why they have not as yet been published is incomprehensible.
Since the last fundraising No progress whatsoever in terms of their published strategy. Not a squeak out of them. They are either negligent or absolutely incompetent imo.
Start looking at the facts in front of us…not hearsay behind closed doors.

Sheds…I get what you are saying however I am not at all convinced there was ever a deal on the table. No facts actually point to this. The statements in the RNS’,s about value events is lies imo until proven otherwise. Why did they make statements like that if they were supposedly under an NDA ?