Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
In a way I agree but we have one significant shareholder which is DBA. Do you mean them? Mining companies needing funding is a way of life, you have to spend to develop a quality asset. DBA will expect another call at some stage and will have factored it into their investment thesis. Other top shareholders are Hargreaves Lansdown and interactive investor so likely individuals.
What I have a problem with is a potential non pre-emptive placing where only 'wealthy' people would be invited to invest. In a lot of cases, these individuals don't care much about the long term story and will likely flip for a small profit creating another 6 month plus drag on the share price. Investor confidence is eroded in these instances so it's a vicious cycle and It's simply not in the interest of long term shareholders, unless we too are invited to participate.
Equally, strategically fundraising after a period of good work and significant progress/de-risking of the asset, when the share price is likely high would be in the interest of long term holders as you minimise dilution and get much needed cash in the company.
It's in times like this I hope a representative from Europa monitors these boards and takes shareholders' views on board
It's so difficult to know what to do here. On the one hand we could be on the cusp of something incredible, with a partially EU funded, renewable energy powered, best in class ESG mining operation in a region with amazing stakeholder support...but on the other and you wonder just how much money is left and whether a heavily discounted placing is going to be announced diluting us all, with the broker cutting deals with high net worths and again all us loyal shareholders will lose out. Please please please don't do this Europa!!!
Look at that, there are even a few buys today too. Finally an RNS which hasn't had an immediate negative impact on the SP.
I really like this EU news on Proyecto Toral, excellent indication for future funding possiblities
Don't you think it's likely that it's just people/companies that participated in the placing that are flipping stock into any rally? High net worth individuals get exclusive access to discounted placings and then sell for a small profit, then repeat at another company. I know it is unfair but likely what is happening here.
I honestly think it’s pretty poor management to suggest a value event and then not promptly update shareholders on it. In that position you should underpromise and over deliver not make comments to pump the share price when the company is in need of funding.
The final straw will be a placing which more and more I’m starting to think is coming.
I wouldn’t be surprise if the slide in share price is due to a leak somewhere of a placing just like from memory the share price suddenly shot up before the value event comment.
I have more patience than most and I’m trying to trust the process but it’s getting very frustrating when there are so many opportunities out there
There must be a big sell order in the background as you can't sell for more than 10p at the moment and can buy for 10.7p. Not very encouraging at all when suddenly the market makers drop the price by 10% on low volume.
Seem to remember this happening around the time of the last placing where the price was dropped for no real reason despite low volume.
Any trading experts here that can comment?
They've even quietened down on the tweets now too. Maybe indicative of being in full on deal mode and unable to spare the time...we can dream!
I do however think they are planning to take this through to completion, which is why I wondered whether they will look to line up the acquisition of another development at some stage. They are developers at heart and once you sell off a stake in a mine it makes sense to reinvest the profits
Slightly controversial post but I wonder if a value event could even involve an acquisition? I haven't read the company objectives to check if it would be able to do this (and let's ignore funding for a moment) but a new development could actually de-risk this by diversification and provide a sustainable pathway for the company way out into the future. Food for thought over the bank holiday
If Burwell is fully consented it must be worth around £2.5 million or more. Looking at RNSs Gresham house buys battery projects for around £50k/MW and Next Energy Solar just bought some solar projects from BP for £150k/MW. Do the math
I wonder if MMs are encouraging trading here by suddenly dropping the price to sell to 11p on no volume. Either that or there's a big sell order being processed in the background.
Still waiting for this 'major value event for all Europa Metals shareholders.'
I'm far from disputing the valuation, my target price is 100p but it just seems strange how unappreciated the company is. As the share price is not rising that implies that sells are equal to buys at least