Member Info for Cjen

2.7% with mine

I am for an EGM to vote to liquidate. I dont know how to go about it but do hold around .77%. I need help to team up and bring this to a close and get some of ny money back.

How do shareholders force the sale of the denarius shares and have the proceed distributed amongst the EUZ shareholders ?

So what happens to the 7 million shares we hold in Denarius?

Alba is a lifestyle company all geared to paying the salaries of the board members.

This particular Aim share makes me quite angry. The CEO at Alba will never allow the shareholders to show a profit

It would be really great if there was some actual gold to show Alba Investors.

I agree with you Chrisp,

And whilst the value of Denarius increases, so does the value of Europa Metals in theory.

Https://m.youtube.com/watch?v=E35nB-sS5kY&pp=ygUPRGVuYXJpdXMgbWV0YWxz

I agree, we really do need to form a shareholder group in order to have our interests better represented at board level. Especially in advance if the RTO.

This PEA was written in 2023. Gold is now over 2500 USD an ounce, an increase of 35%.

PRELIMINARY ECONOMIC ASSESSMENT

Zancudo Project – Technical Report and Preliminary Economic Assessment, December 14, 2023

The Zancudo Project PEA is based on the Mineral Resource Estimate outlined above and incorporates local contract mining. Over the approximately 10.3-year mine life, production from the mining and processing of approximately 3.5 million tonnes of material containing 899,000 gold equivalent ounces is expected to recover 683,000 payable gold equivalent ounces through the sale of approximately 636,000 tonnes of high-grade gold-silver concentrates. Recoveries to concentrates are expected to be 85% for gold and 87% for silver from a 3-stage crushing circuit. Initial CAPEX costs are estimated at US$14.8 million including a US$2.0 million contingency. All-in sustaining costs are forecast to be US$1,059 per ounce of payable gold on a by-product credit basis.

At long-term gold and silver prices of US$1,800 per ounce and US$22 per ounce, respectively, total Life-of-Mine (“LOM”) undiscounted after-tax Project cash flow from mining operations amounts to US$266.4 million. At a 5% discount rate, the net present value of the total LOM after-tax Project cash flow amounts to US$206.3 million. The Project has an after-tax internal rate of return of 287% and payback in 2025.

Key Economic Parameters Of The PEA

Jedster, the asset is deep in the ground and Europa metals do not have the money to get it out. We are tens of millions of pounds short and have no eay to raise it.

Denarius are also stretched financially, which is why they are pleased to be able to acquire Europa Metaks Iberia ( EMI) for 7 milloon shares in Denarius, currently worth £2.7 million.

Its not great, its far short of the dreams and aspirations I once had, but thats the deal.

To further add pressure, the 480000 euros lent to Europa Metals by way of an interest free loan by the CDTI is now due for repayment at 420000 euros a year beginning 2024, so thats now.

Time has run out for EMI at Toral, but if approved we will hold a 10% share of Denarius until they raise again. They now own four mining projects, one of which is about to produce huge amounts of gold in Columbia. https://denariusmetals.com/project/colombia/

MM, we are not worth £10 million at present

Our only asset is Toral

We dont yet own a second asset.

Hi ChrisP

I understand your thinking on desire to liquidate the Denarius shares, but honestly you would not want to do that for at lrast 3 months as they are about to produce gold from their Columbia mine.

Also, the Viridian project could be very lucrative in Lead Zinc and Copper, so we should at least look at the details that Myles will be sharing shortly.

Cjen

This has been copied from a news announcement from Denarius Metals from Yesterday.

Completing the acquisition of 100% of the Toral Project through the Transaction strengthens our liquidity and improves our flexibility to manage the development schedule for our projects in Spain without having to meet the specific obligations mandated under the Option Agreement. Later this year, we will commence work on the preparation of an updated Mineral Resource estimate followed by a preliminary economic assessment for the Toral Project.”

I am aware that Europa Metals would like to drive forward with an RTO for the Tynagh project in Ireland but the 10% holding in Denarius will be held as a ringfenced asset , it wont be shared out amongst current shareholders or sold off to fund the acquisition or development of Viridian Metals.

Further details of the RTO will be provided to shareholders to support the EGM and AGM in the coming months.

Whilst todays news has come as a suprise, I would like to point out that Denarius Metals are currently trading at 74 Canadian cents a share, so that an increase of almost 50% on our 50 canadian cent purchase price.

I can see people buying and selling £1 worth of shares and less. It costs me £5.95 to place a trade. Whats going on here please?

Well we will definatly hit your forcast before going higher.

Well to be honest I font see 18p as being out of reach.