Member Info for Chuggley

Buyers seem to returning. Bottomed?

Everyone was waiting for tungsten results... thats not changed

Those other results were expected and weren't bad. So hopefully head back towards 1.5 once knee jerk is over. Ready for tungsten next week

Ive taken more on the drop. Good opportunity imo

Was expecting those to appear this week. Tungsten next week just before new ceo starts on the 1st

He'll want to start on a bang

Lots of loading of shares yesterday.... expecting more next few days

A reminder from grok. Streaming and government funding potential

https://grok.com/share/c2hhcmQtMi1jb3B5_648f69a9-a0b0-419b-a987-62cb938bda3c

Is it an elephant in the room? They'll obviously need funds for a summer campaign. But given the project and associated values across some major key commodities tungsten and copper. And of course good v a tiny mc and relatively low number of shares. Its a very good risk reward

Besides good tungsten results make US government investment more likely

https://x.com/i/status/2013902966390915399

Nice Grok response on twitter

https://x.com/i/status/2013902966390915399

Lots of ways to skin a cat. Streaming (similar to gold) is common for copper

US government need to secure critical minerals

https://grok.com/share/c2hhcmQtMi1jb3B5_648f69a9-a0b0-419b-a987-62cb938bda3c

Whos CRIT?

MARU already have over £1m from GMI. Interest free, non dilutive.

Https://www.aquis.eu/stock-exchange/announcements/5525194

Consolidation is possible at some point. But they'll get rto done first imo

It's an rto highside. Not europa taking over. Marula Board will be the new board

Access onto aim and the new valuation it incudes and additional jse

Everyone will see how the valuation is calculated as it will be clear in admission docs

As a major maru bull highly doubt that on open. But mc £40-50m is likely imo. Where it goes from there let's see. If we start delivering what we should now funding is getting real. 10x that isn't impossible this time next year

The new valuation will be public in the admissions docs before agm so will be good to see alongside cpr

Think you'd want it sorted as soon as possible so you get the most money back without myles eroding it with his huge salary

In contrast I'm sure he'd prefer it to take as long as possible

Be good though if he can be seen to actually earn his extortionate salary and deliver for euz shareholders and of course for maru. So we can relist ASAP

Guess it doesn't matter

If delist. Then Euz shareholders get some money back. Less any legal costs to delist (if there are any)

If they vote for rto. They get the same back. Maybe more (if no delist cost)

Plus shares (depending what aim value at)

So it's a win

How it will go from there. Suspect better that euz went. But let's see admission docs. Cpr s and rns over the next month or two

There's been alot of delays no one can deny. But alot caused by funding. Which looks to be in hand with hopefully upcoming non dilutive funding from sovereign wealth fund

As a micro cap ceo jb seems quite unusual..... takes a low salary and has massive skin in the game having invested in shares approx £1.4m of his own wages including a few salary sacrifice

Back in March he bought out a distressed investor who's been causing damage to the sp with months of selling taking £660k worth

It's fair to say some don't like him but mainly because he's not delivered as quick as he intended. But appears delayed more than cancelled and some big things to come

The marula team will be leading. And guess its a no lose

If europa delist. You get money back after costs

If rto the same.... plus shares in another company that relists. You can then sell or if after research you like hold

Really seems a no brainer

To move from aquis

Also this part

As a Europa shareholder being able to have exposure to this transaction with its cashflow generative assets and huge growth potential in conjunction with Europa's proposed return of capital to shareholders, it is the best possible outcome."

Capital returned and shares in a company with lots of assets and hopefully near term revenue

Worth reading the rns again

Reading costs

The costs of undertaking the Proposed Transaction will be funded by Marula and if completed, would constitute a reverse takeover under the AIM Rules (an "RTO") and accordingly the Company will need to apply for re-admission of its shares to the AIM Market ("AIM") of the London Stock Exchange.

Think your misunderstanding an rto? Possibly

The majority bod won't be europa

Tweet. Link. Part 1 & 2. Thanks all.

Please dyor and ignore the noise 🙏

https://x.com/ChuggsC15686/status/1967205161820160250?t=VTxQZiJ0UfdwoEQGShQIfA&s=19