The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Nem, made R60 000 earlier this year with Sasol. Unfortunately "lost" it here. Still believe it will recover, but it does suck to be R80 0000 down in 5 months time here. I know the end game matters, but is really is horrid that the SP is what it is.. ideal is to make money somewhere else and plough back in here. That is my plan for the 2nd half of 2021. Would love 10 000 more shares to get to a even 50k shares and to average down. Unfortunately need to keep some money on the side at the moment.
Nem, perhaps a sign not to sell (just kidding, your choice). Perhaps your offer is too high and therefore is not being executed. That has happened to me before. If you want to sell, I think you will have to do it at "best" price, but then you will most probably get a lower price that you bargained for. Especially of you are selling a large quantity.
Bobby, I wanted to express the concerns I have as an individual. I felt comfortable sharing that. I thought others could relate. A reply from the CEO is personal, imo. Copy and paste my questions to LR of you'd like. I'm sure he would answer you the same. I am an Agricultural Economist in South-Africa. Really nothing makes me special, that he would answer me in a different way than he would answer you. Regards
My first language is afrikaans, so excuse the wrong term used: "He did at least reply me within a few hours". What I meant by this is that he will reply to your email as he does see this as a priority. And to be clear, I am feeling more at ease and camfotrtable after his response. Regards
Got a reply from LR. Very clear in his answers, and informative. I do urge you to make contact with him if you have your own questions or concerns. He did at least reply me within a few hours. I first did not have his email address. His email address is lread@europametals.com
Sent a letter to LR:
Good day, Laurence Read
My name is Michael XXX. I hold XXX shares in EUZ on AltX.
First of all I would like to congratulate you on the good work done in the second half of 2020. I unfortunately could not attend the AGM, as I was otherwise engaged in work. I apologise for that.
I am coming to you today as a concerned investor and I was hoping you could help me get some clarity on the factors that are causing these concerns.
I unfortunately invested in the rise of the share price, but after looking into the Europa Metals, I liked what I saw and invested more in the company. I managed to bring my average share price down to R4.00. Off late I have become very jittery about the stock, given the market capital and the lack of interest in the share.
I am at a crossroad now in deciding if I should hold or not. You can understand that from my view, things are not looking up. I do however acknowledge that we have a great asset and that is why I am invested. Unfortunately this does not always cut it. I feel that management can do more to regain the trust of investors. A lot of PI's feel abandoned. I know it is not your first priority, but I do feel that you have an obligation in this regard, given that it will largely determine the success of the project.
My concerns are as follow:
1. Do you have a plan to get the share price moving again? We cannot go a full 12-18 months with 1-10 trades per day.
2. Are there still EU grants in the pipeline and do we have a timeline in which we can expect a result in the application?
3. Should we expect further dilution, or are there alternatives to raising funds?
4. Do you have any indication or strategy after the PFS have been completed?
5. Will the PFS take 12 months or 18 months, as this is causing some confusion? It seems like a really long time for a PFS.
6. The feeling is that this is going to mine. Is that correct, or are there still other options that are being pursued, such as a sale?
Thank you for your time in attending to this email. Good luck and keep up the hard work.
Regards
Michael XXX
Bricks, I agree fully, but aren't you afraid that the funding requirements will not be met and thus this will go to nothing? As mentioned before by many people on this BB, this has always been the problem. Do you believe that the management team has what is takes to take this all the way? And by that I mean further than exploration. People keep pointing out that LR & Co doesn't know how to operate a business and that bothers me. I am asking, as you have been here longer than me and you know the team much better than me.
Thanks, Shed. I just hope that this remains a priority to management. It would show a lot to PI's and Investors. I feel like management need to do something big in this regard. Let's hope for a solid week lying ahead.
Trade, do you know if we got an update on financing/JV and grants at the AGM? I hear your reasoning, but I believe this is the only news that will make this shoot. Many PI's, including myself, are very worried that a dilution will come middle/the end of next year. Is the grants still on the table? It was really sounding promising recently.
Shed, this is the website i'm seeing. It has a lot of information and really does look professional. Perhaps we do simply not agree on this. It gives a really good overview of the economics, resource, technical and metallurgy. Also a lot of additional information. I really don't see the problem.
http://www.europametals.com/site/content/
https://t.co/61TOHg2yRz New website live test launch today. More technical data/sustainability being developed/access to new data sources/social media brought together/foundation to expand certain areas over coming months https://t.co/jZzWAV9JJa