My questions for the AGM7 Nov 2021 18:25
These are the questions that I will be asking at the AGM and I have sent a copy to Dan Smith in advance .
The recent placing came as a surprise to many.
1. Since the end of year accounts show that there was more than $1 million AUS in the bank at the end of June 2021, why was the placing required so urgently, as we were clearly funded to the end of the year and to the completion of the PFS.
2. The completion of the PFS will further de risk the project and raise the share price accordingly, so why did the board decide to raise finance in October at a discount of 42% of the then share price without waiting for the completion of the PFS?
3. Recent changes to the SEC (Securities and Exchange Commission) accounting rules from 2019 and enacted in 2021, now allow Indicated Mining Resources to be included in a Mining company’s balance sheet. Why were our Indicated resources which are circa $475 million dollars (US) approx. not included in our balance sheet as part of the company’s year-end accounts?
4. Why have we appointed a second broker, W H Ireland, having only recently dismissed one. What was the need to appoint this second broker when we already have the services of Turner Pope?
5. What if any deleterious elements have been found within the ore? and what are their impact on future smelting arrangements?
6. Why has the board failed to secure non-dilutive funding options, when by all accounts Europe is awash with incentive programs and financial grants?
7. Did a deal to secure funding, JV, Farm Out or similar fall though in the summer and was this the Shareholder Value Event that was RNS’d earlier in the year?
8. What is the current bank balance for Europa Metals and exactly what purpose is this money to be used?
9. Mr Laurence Read said as part of his recent Proactive online interview, that we would hear from the new investors (the ones in addition to Deutsche Balaton) . When will this happen?
10. A new Australian Investment company called Bennelong has been engaged and they are to receive 1.5 million shares. What added value are they going to bring to the company and how will this benefit shareholders?
11. What has Adam Habib achieved for Europa metals over the past 12 months?
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