Member Info for Cjen

https://www.denariusmetals.com/News/news/news-details/2022/Denarius-Metals-Announces-Third-Quarter-and-First-Nine-Months-2022-Results/default.aspx

This makes very interesting reading.

Have I read it wrong Shed. I apologise. But still, it's not exactly sending the share price rocketing upwards.
Rant over. Back to work.

This deal just makes me angry. What the hell have Europa Metals paid for. The markets apparently dont like it either, as we can see from the current share price and now we are referred to as a subsidiary of Denarius. A company without a pot to **** in.

God I miss Bobby Beal.

Why do we need Phase 2. Giving away another 29% of Toral at such an advanced stage is totally nuts.

In letting the market believe that he has sold 80% of Toral for only $6million, Myles has had his very own Gerald Ratner moment.

Hi Shed. What investors need to know is what is 20% of the expanded mining operation ( Toral, Antonina plus others ) worth in comparison to a 49% share of Toral by itself?
The share price is weighed down by poor PR and a board that are prepared to let it slide.
Even our corporate investor (DB) paid 4.5p for their additional shares last week and are sitting on a loss.
Truthfully , I despair.

Yes Highside. You are absolutely right we need someone in the business who knows how to drive the share price forward with good PR and Marketing.

I really thought that a deal of this magnitude would send the share price rocketing, but if course it has not.

The market does not like or does not understand how the deal is structured, or how much Europa Metals will benefit from it. In fact all I have seen on Social Media recently are misleading headlines about how Europa Metals have sold 80% of Toral for $6million, which simply isn’t true and anyone that took the time to read the recent RNS would see that these headlines give the wrong impression of what is actually at phase 1, a great deal.
Toral gets a PFS, Mining Licence and $4 million for a 51% share of the asset. That’s a great JV deal.

Phase 2 is the spanner in the works in my opinion.

At some point in the future Denarius can acquire an additional 29% of Toral in exchange for another $2 million in cash and a 20% share of a hugely expanded asset footprint to include Toral and Antonina mines, complete with a second PFS for the expanded mining operation. The trouble is , that at this stage, no one can say what such an expanded operation might be worth, or whether 20% of it is worth more than 49% of Toral.

I cant fault the ambition but the marketing is awful and that is the fault of our BOD.

CJEN

This from today's news announcement from Denarius.

Earlier this week, we signed a definitive option agreement with Europa Metals Ltd. (“Europa”) pursuant to which Europa has granted us two options to acquire up to an 80% ownership interest in the Toral zinc-lead-silver project (the “Toral Project”) located in the Leon Province, Northern Spain. As operator, we will lead the development of this high-grade polymetallic project located in a well-mineralized historic mining area and a proactive jurisdiction that also offers us the potential for further exploration opportunities.”

1st stage is 4 million. The 2 million is stage two.

I think that the market does not like the phase two element of the deal with Denarius, possibly because it has been badly communicated dated.
The headlines all read that Europa is selling 80% of Toral for only $6million.
In actual fact we are selling 51% for $4million to include a PFS and Mining licence.
Beyond that point, it is possible that Europa Metals may allow Denarius to acquire a further 29% of Toral for an additional $2million, giving Denarius 80% and Europa Metals 20% of a hugely enlarged mining entity to include Anonina, with a value of many multiples of Toral.
Until the penny drops, the share price will stagnate, but this post and the points highlighted within it will probably get buried.
Nobody will attend the AGM and everyone will complain
Have a nice day
CJen

Article posted via Linkedinhttps://mailchi.mp/8a3a8940101d/purchasing-one-company-to-own-another-denariuseuropa-metals-9216789?e=f8791d6254

Article posted via Linkedinhttps://mailchi.mp/8a3a8940101d/purchasing-one-company-to-own-another-denariuseuropa-metals-9216789?e=f8791d6254

What a shame. As so often is the case with Social Media you dont have to be right, you just have to make the most noise.

Grappa, both you and I are in agreement, on that it wont be long before the share price for EUZ will return to 9p. Where we differ is that you see that price as the ceiling whilst I beleive it will just be the beginning of a much higher valuation due to the enormous size of the asset.
Either way, we both win.
GLA

My personal opinion, when the Copper is RNS'd and the deal is signed, is that this share will skyrocket. Get them whilst their cheap, if you can.

Hi Grappa. I disagree with your valuation. I think you are massively under valuing what we have here. It doesnt matter though.
GLA

Moneymakers, we are already massively undervalued so the addition of Copper to the resource will probably elevate us to undervalued to the power of 3.

Highside. A great summary of a very complicated deal. For me the unknown is how big could Antonina and additional addons be. Is it possible that they could in fact be much larger than Toral and combined make for an enormous mining region, that we would own 20% for no additional cash spend.