Member Info for Cjen

Give all shareholders a voice, copied from another Website

This is coincidental...I suggest we all sign this petition rights for beneficial shareholders!

At 10,000 signatures...

At 10,000 signatures, government will respond to this petition.

At 100,000 signatures...

At 100,000 signatures, this petition will be considered for debate in Parliament.

When I signed it was 3,850 signatures.

Petition

Give all shareholders a voice by bringing Company Law into the 21st Century

Help more investors engage with UK plcs by modernising the Companies Act: Give beneficial shareholders the right to direct info on plcs they invest in & plcs the right to visibility of who their shareholders are, make email a requirement to shareholding registration, & recognise digital AGMs.

More details

Outdated legislation stops shareholder voices being heard. Almost half of individual shareholders can’t directly engage with the company they invest in, as they invest via platforms, the rest are constrained by a paper-based system. At the same time, companies are losing sight of who their investors are. Digital first reform will be better for shareholders, better for business and ultimately, better for Britain – making the UK a more attractive place to invest and to list.

hTTps://petition.parliament.uk/petitions/636051

Petition is really well administered, here it is rendered as a UK map by constituency

CHRISP , if they do prove its there, then we will be made.

Mining License and a Lead Zinc Silver and Copper resource, with the funding to make it a commercial reality.

Its a great proposition.

Hi ChrisP. The thought of a meaningful Copper resource is highly speculative at the moment. Laurence told me last year that if it was there in any viable quantity, then it sits below 1000 meters, my hope is that Denarius have the willingness and financial ability to go deep and prove it up. Copper included in the Jorc would change the balance sheet imesureably.

Shed, one last point from me on the deramping. Didnt Highside used to post as Bobbyy Beale same stuff, just a different user name. What name did he or she go by before that?

Highside, I would really love to know your agenda. What is it you are trying to acheive here. Nothing you say can be constrewed as being positive and after a while it gets quite boring.

Teaye, very true prediction about ZInc prices, but it will bounce back once world economies use up the surplus and we are not mining ours yet.

Sorry about the typos.

Good morning Shed. I see that the usual suspects are back on the board trying their very best to discredit and deramp EUZ. Anyone reading their posts should probably ask themselves, what is their motive for ding so ? They do seem hellbent on shouting about what an awful investment ut is.

LOL

Highside, the 20% does cause me an issue. The new drills, Jorc, expanded area ( hopefully) will need to increase the value of Toral by 250% just for us to stand still.
(20% x 2.5). Only time will tell if we are sitting on a fortune or have sold out for $6 million.
My hope is that a mining licence and an increased Jorc will dramatically increase our value at a point where we still own 49%.
One other point. Dors the board have to seek further approval from shae holders before concluding the addional 29% sale?

I think hold and wait is the best strategy right now. As far as value is concerned, it all depends on the figures that will eventually come from the updated Jorc.
I hope for a large increase in minerals, a mining licence and Copper at depth.

Re Copper. Shed the Copper is there buts its at depth 1000m+.

Sheds is right Bricks. The facts are in the RNS and opinion has no bearing on the matter. Europa Metals own 100% and Denarius do not acquire 51% until they meet there contractual obligations.

I think it's more about how the work denarius do will increase the value of Toral. When the expanded area is valued at 400m .

Grappa, that's just not going to happen , is it. Silly idea

You clearly dont understand the JV deal

Denarius share price had slumped over the last month

Shed. Your point about the PEA and MLA deline is well made.
Hope you have a peaceful and Merry Christmas.

Hi Shed. I do accept your view, but I did say that the money paid by Denarius would be spent on developing Toral.
It's my opinion that the deal is weak. The BOD could have done and should have done better and my expectations of what this investment might deliver for investors like us is now greatly diminished.

I have read the RNS’s and then re-read the same RNS’s and I can only come to one conclusion. Whilst this is currently the only deal on the table, it is not a good deal.
There is nothing wrong with option One. A Joint Venture arrangement where Denarius acquires 51% of Toral for $4 million dollars and those funds are used to take Toral through to approval of a Mining Licence. However, what was originally presented to shareholders as a Pre-Feasibility Study as part of Option One has been downgraded to a Preliminary Economic Assessment, with a PFS to potentially follow at an undefined point.
For me personally, the issue is with Option Two. This option allows Denarius to acquire an additional 29% of Toral for a mere $2 million dollars at the point at which it is granted a mining licence, leaving EUZ shareholder with a poultry 20% of what they originally invested in. The sweetener was to be that Denarius would increase the footprint of the mining estate and bring in additional mines, including Antonina, to expand and grow the value of the asset. There is no longer any mention of this as an intention, so why sell?
My opinion is that a more truthful strapline would read “ Europa Metals agree to give away 80% of Toral to Denarius for $8 million dollars”.

So no mention of the enlarged mining area, no mention of Antonina as the second mine and now Denarius will be funding a Scoping Studyv rather than a PFS although a PFS may potentially follow later.
Have I got that right?