Today in miserable Southampton19 Dec 2019 17:23
I am a holder in Europa Metals, I purchased in June and I made a considerable sum, I did the same in October and I secured a position of £50,000 with an average of 0.028. I can confirm I am still a holder and probably just as emotional as others who have seen the decline in share price. Earlier today when the share price dropped a further 10% I vented over e-mail in proper keyboard warrior style. Laurence bit back when I told him how to do his job, ultimately I said I would be happy to tell him to his face. Little did I know he lived within 20 minutes of me. He suggested a meeting and I accepted the invitation, even though he told me to buy my own coffee.
On attendance I was greeted by a ****ed off 6'5'' individual that I could take if I had to, a firm handshake reinforced his anger. I did purchase my own coffee.
When we sat down I was told straight, that if I acted like a ********* over email he will bite back, but if it continues he will stop conversing with me like he has with a couple of other holders. I went in with a series of questions but I didn't ask them. I ended up addressing the meeting like if I was interviewing for a member of staff, looking for passion and motivation. I got both in bundles.
First off we both *****ed about the drop in share price because on paper it looks like the hard work of Laurence and the board over the course of a year has achieved nothing. It could not be further from the truth. On the release of the JORC update I highlighted that Peel Hunt switched the book and started offloading a lot of stock. I contacted them and they replied it would be investigated, they then have sat pretty consistently second on the order book. This ties in with a harsh broker note on the JORC news and then there has been no further broker updates on the back of the met results. The pessimist in me believes that a broker note cannot be promoted when the company in question is selling. This is to be investigated, but I am a firm believer that the depleted sp is not from private investors, but by a bigger market influencer who is in news blackout, selling the stock. The good news is that if this is proven to be the case a correction will occur at some point in the near future. I will personally investigate this further.
We then discussed the salaries of the BOD and Laurence is not on a six figure salary. He also said that on peer on peer their salaries are lower than the average. There is a website where the salaries are in the public domain, but I don't really give a **** about what he is paid. If he is the right man for the job, with the relevant experience then he deserves every penny. The depth of his industry and commodity knowledge is obscenely high, almost on the verge of baffling.