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Agree MFM ,a lot of secrecy for a company that claims it doesnt understand the SP.

If you want to attract donkeys you need to dangle carrots. ( as someone probably said at some time)

Its fashionable to arrive in a dingy Bricks, You are thinking super yacht then ? :-)

I get that BricksSA and i was being simplistic but my point is Institutions rarely invest big in companies under £100m.
What i am trying to say is that the sooner the Mkt cap and SP is sorted the sooner the vulnerability will reduce..
EUZ is vulnerable at the moment, i would guess most holders now would happily take 35p and not look back

I think the answer to that is simply money. This is about getting a PFS at the earliest and cheapest route. They dont have funds to explore all routes so they have to take the cheapest to a saleable package even if that package is not the complete picture.
The AIM is littered with micro mkt cap companies that were wound up with a lack of funds, their assets bought back by directors , who form new companies ,from the receivers but crucially without the shareholders who pretty much financed the work up to that point.
In SP and Mkt cap terms EUZ is drifting without a ruder. Has been for ages. Lawrence needs to get a grip on this to A/ reassure shareholders their investment, present r future is safe and B/ He needs to realise that being a grown up company is more than consolidating Shares in Issue.
I would be worried as it stands that any investor thinking of putting in a substantial sum be it the EU or corporate would wonder why they should put say £5m into a £3.5m company rather than just buy out the company.

"do I need to say anymore"

Judging by the SP and volume today....yes :-)

MM
Its just this Cr*% platform that is lse.
there are 11 trades 8 buys total 24k and 3 sells total 42K but the drop reflects the sells over the last 3-4 trading days not today.

I think in the current climate the link between "energy matters" and EUZ is a bit tenuous,

Its looking increasingly like you could be right MM (bigger picture) its just a shame its being kept so secret if thats the case.
the catalyst might be the accounts because they are going to show you have cash or dont and that is something they will have to explain either way so i suppose your news could come as soon as next month.

I would have thought the PFS will be the balance sheet but by another name before the 2022 accounts.

lol :-) Statler and Waldorf in customer relations....that would explain everything.

The good part of looking into this placing business is the more you look the less likely it seems to be or at least the less viable, so it would probably be prudent to assume they have other plans. I do think they are extremely vulnerable at this low Mkt cap though.

The problem with raising money Jed is not the small amount of shares in issue its the tiny market cap.
As Bricks pointed out they "only" have permission to place 50% so say 25m shares, but at a discount on todays price of 7.5p of maybe 35% that would be 5p so a max ability to raise £1.25m which might only last 6-8 months. More importantly who is going to buy 25m of these at 5p ? The bigger danger i would have thought would be a low ball takeover bid of say £15m, i bet a load of holders would be chuffed to bits to get 30p.

Newbie
The longer someone has held here the more it will need to bag, double might see you ok but anyone who has been here since the inception of Toral in 2016 will need a 20 bagger to break even if my maths is correct ?
If they bought in the the Scoping study in 3/19 a 10 bagger might do it.

I have to say those figures look a little freighting so maybe i am mistaken ?.

Surely the 2021 balance sheet will not extend past June ?

Thanks BricksSA

If your figures are correct and i have no reason to doubt them then why is it left to a PI to post them ?
I suppose it does mean that there is no immediate threat of a placing because it would be inexcusably negligent To try and raise funds without putting these figures out there first.

Sorry ignore that i think i have misunderstood what they are saying

I dont know if this helps BricksSA but they do seem to put indicated and inferred in the same group in the latest resource upgrade.

8. The Indicated and Inferred mineral resource category for the Toral zinc-lead-silver project set out in the above table (at cut-off grades >4% Zn Equivalent) comply with the resource definitions as described in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The JORC Code, 2012 Edition. Prepared by: The Joint Ore Reserves Committee of The Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC).

Valueit

I agree it could well come good which is why i am watching it.
I think Troajans link below sums it up where it finishes
AIM:EUZ Price: 7.55 GBX Market Cap: £3.71 m

That is not a grown up company , its a company that has shrunk from week 2 after consolidation, which it was said, was to make it ...............a grown up company.
EUZ could well make punters some money, some will do very well i expect but no one will do as well as could have been possible had Europa metals the company been handled as well as Toral the project.
Anyway it all rather centres on the accounts and finance now unfortunately. the reality is the SP over 5 years has gone from the = of £1.40 to 7.5p
With DB currently down 40% on their last placing purchase any further placing would probably need to be another 40% down on todays price in order to attract interest and as BricksSA commented earlier it could well be before 30th November.

Valueit
Without further info no one will invest in this at this stage. Lawrence wants to get the payback time down for a mine builder but seems to want investors to invest with no idea when "their" payback time will be. I'm sure there are investors like me watching but investing in a project without evidence of even short term finance in hand would be mad.