Member Info for Highside

Gosh how interesting...........

Ha ha no it was just me Bricks :-) everyone else got it spot on, they all reside on a beach in the Caribbean spending their profits. :-)

Oh grow up Cri5p
You have been posting her for almost exactly 3 years ( mostly alarmingly inaccurate nonsense). In that time your investment has gone from 10p to 3.0p a drop of 70% so i conclude that you and everyone else also bought in at the wrong time ............so what is your point ?

I dont disagree Shed because i dont know.
I do know that if DB's investment so far has been based on research and DD they need to take a look at their process.
Call me cynical but in their world i suspect that they will prop up one investment and get favours on others I doubt DB research is this bad however by keeping x afloat for one group i am sure they are repaid buy support for Y in another group, their investment in EUZ ids probably a small part in a much bigger play. Put it this way, maybe this is why DB are involved in a small cap like EUZ for what is petty cash to them in the first plaice.

On another tac i still follow this because i would possibly get back in but now i am out looking in the picture is quite different from being in looking out. Looking in i am still waiting to hear what their ace in the pack is thats going to return shareholder value in the short to medium turm. For all the nonsense on Twitter i dont really fear being left behind and unable to buy ? that may be the case if you just deal on line but if you ring up your broker with a decent order they will usually get you what you need.

HAGW

Cri5p
If FCR/EUZ has taught anyone here anything its that micro caps like this cant finance the proving up of projects like this. The cost are simply too high.
Toral had everything going for it as a provable up project but even toral couldn’t raise the finance needed.. Moonlight was bad luck but ultimately too expensive, Toral even with good luck was not viable for EUZ.
I said many times that no one would take over Toral until the PIs had run out of money doing the proving up for them, why would they ? They always knew that there was little point in taking on the work all the while the Shareholders were advancing the project for them. LR realised that there was only so far he could take this before they had to give it away or shut it down.
The truth is this failed with the consolidation. It was already bust at that point but the smoke and mirrors of consolidations temporarily re write the accounts of companies like this but the reason it was already bust still remained and its market cap is now less than the consolidation price.
For you to say “so no more placings for use unless we do find a project to buy and prove up.” Is odd given what I have said above,

The reality is EUZ has probably only survived this last purchase and proving up because DB have chased their losses down from 15p ? to 5p without them it probably would never have even consolidated to get this far.
As I said yesterday the company needs to have a very convincing game plan to attract more investment and given its record on past purchase and prove up projects here it going to need something innovative and very low risk and that’s not a buy and prove project.

I think you might in 4-5 years time but there's the rub...

Jed

Management needs to set out a game plan.
The game today is a completely different one to the one people invested in.
The further Toral progresses the more the shareholders interest in it diminishes. Management needs to set out its costs to admin the decline over time so investors know how much of any money received will be absorbed as working capital and how much will be available to invest in future projects. It would bother me now that the money received for toral will just be soaked up by an admin account with very little to do so you need to know the figures.
The latest RNS seems to set out a plan for Toral but not for EUZ hence the small spike in the SP and the expected drop the next day.. Surely the interest now for investors is Denarius not EUZ

"RE: WH Ireland - "Toral is one of Europe’s most under-appreciated lead-zinc deposits""

And who's fault is that WH Ireland ? Isn't it your job to make sure its not under appreciated ? :-)
Always makes me laugh when these people , like MP's, come out with the bleeding obvious like its someone else's fault

EUZ main problem from day 1 has been continued dilution at a rate of 30% -40% a year.
It needed to raise about £2m year working cap. But by doing it this way it retained 100% ownership of the asset. Remarkably despite committing to give away 80% of that asset for a fraction of its cost so far, the SP has remained pretty buoyant. This is not so much a great reflection of the deal but more a case of the Mkt cp/SP being already at rock bottom between £2m and £3m. This despite raising £10m-£12m and signing a deal that may raise another £4m ?
The loss of the 100% owned asset was slightly offset by the cash it receives which is basically seen as non-dilutional funding …? however the talk of a new project must immediately send warning signals that the company is just going to continue to raise and dilute or be forced to hand over its remaining 20% to fund another project. Especially if it has to go the full 4-year term or phase 1 and 2 of the deal before it receives all promised funds..
It’s extremely hard to see how EUZ is ever going to return any shareholder value ( remember raising money through asset sale or dilution is not shareholder value) . As peter jones would say. There is a business here for the directors but its hard to see how an investor could make a return on his money.

Yes MM and thats 29p not 52p

From the outside looking in i think the difference is who owns toral and who manages further work Yes EUZ retain 100% ownership until stg1 but on site is managed by denarius now.
which begs the question are denarius using the EUZ toral team and who is paying them and what does EUZ BOD directors do now to earn their crust .

Dont laugh at ADVFN shed, your mate thinks its "52p at open here ".....lol and the moons made of cheese :-)

Crisp
In my books dilution is more shares divided into the same asset or the same amount of shares divided into a smaller share of the asset . I just hope you are not a herd of donkeys following a carrot on a stick. what seems to be a great deal for EUZ has yet to transform into a great deal for EUZ shareholders be it great drilling, great local support at Toral, great corporate backing or as now, a great partnership deal.

HAGW

share price from ADVFN
https://uk.advfn.com/p.php?pid=quote&symbol=NO%5EDNRSF

Crisp
Denarius finished down 11.3% so i dont know why you are shocked. Money acquired by EUZ is likely to be spent on wages, bonuses and another money sponge project to keep this BOD cash cow alive. The money they get is of value to EUZ but EUZ's record of converting it into shareholder value is abysmal.

"what are we investing in??"
How about a special dividend so they can start paying back some of the £12M+ investors put up to get this £2M ?

Toronto time (GMT+5) or even GMT-5

One of the advantages of learning these expensive mistakes as you put it, is passing on what your learned for the benefit of others. Personally i dont feel i made a mistake, i think management can claim the credit there. The selling point here was always the 100% owned asset and the huge financial investment by the shareholders so far , once both of these were sold out so did i :-)
i think its a bit rich to tell anyone they got in too early while saying you will own just 20% (if you are lucky) in another 5 years when the company is actively looking to rinse and repeat with another project that might well consume countless more millions.
but each too their own.

ha ha yes. so this was the equivalent in todays pricing of £9000k a share in Jan 2011
by 2013 it was just £1260 a share....and by sept 2018 it was just £70 a share.
today its 3.3p
My guess is the MM's let this go about 10 years ago :-)
Split that hair shed...lol :-0

the SP is nearly half what it was a year ago and the spread now under 10% and they cant shift these....In what way do you want the MM's to "let this go" ?