Member Info for roger65

The total of shorts open amount to less than 0.4% and of that I would expect most are held by iis and are only there to represent a 'balanced' position taken by said iis. Nothing to fret about.

But I agree that the 'meat on the bones' is still lacking. It's all about reading between the lines which any lth of EUA should be pretty good at by now! It's absolutely true that if the process of focusing on an asset sale had changed (ie come to a halt) that it would have to have been announced. Hence receiving an RNS which doesn't state any such thing is positive. The NOMAD would/could not allow an RNS to be released stating the 'strategy' as in May 12th RNS is proceeding if that weren't the case.

Personally speaking I would prefer to wait longer if they are selling MT until resources are proven up to JORC because only 2.2m oz are so far verified. Inferred will fetch a far lower price and so if the JORC process takes another 3 months then so be it.

I'm not getting too excited about the divi we will end up with just yet as if it ended up being MT sold now then I think the price would be not much above £2b - £3b and I'm fairly confident the BOD are going to hold back quite a chunk of that to progress the JV with Rosgeo. We may end up with just £1b being handed out. Not the sum we're all hoping for but it would still be at a premium of about 75% to the current sp. 75% of your investment back in an instant could certainly be described as 'significant' but probably not 'massive'.

In the mean time we should not be surprised that the sp isn't climbing. We've had far more momentous RNSs that have seen no rise at all, indeed mostly the RNSs over the last 10 months or so - think MT flanks, Tipil license, WK 43% increase in resources, announcement of JV with Rosgeo, iis coming on board at no discount to prevailing sp - have witnessed a drop.

This RNS in my eyes does provide more confidence of an asset sale still proceeding and so I see no reason not to continue holding., or if you're really bold, to top up or increase your holding.

As always GLA

...this isn't good. Another round of warrants and options will see the sp drop to 1p . Yet another AIM fiasco that needs more like 5yrs to see it do anything useful and spare the blushes of the CEO. PJ def out of his depth here and has seriously blundered in releasing RNS after RNS in the hope one of them might cause an upturn in the sp so he could then do a raise. Hasn't quite worked out that way. Tomorrow I bet there will be another RNS exactly the same as today only for a bigger chunk. I think he's desperately trying to keep the lights on here but has already realised he's bitten off far more than he can chew.

We'll see in a months time Shed. In the mean time, you carry on.

mac, only 1 & 4 of those news options would likely have any impact on the sp. We've had plenty of other hugely positive RNSs released over the last year that have only helped sustain the steady decline over the last 6 months. Week 12 now since the May 12th RNS and this has become yet another deadline created by this BB for desperate pis to focus on. What's the next deadline we all need to think about once this one comes and goes without news?

I don't do Twitter. I"ll come back in a month to see how this is going but I won't hold my breath. In the mean time I can well do without reading days and days of posts from the likes of Shed and Bricks who appear desperate to give the impression something is actually going on here.

I have seen so much info posted here regurgitating numerous Spanish documents concerning future mining projects. I’d be so impressed if Europa Metals was actually mentioned in one of them. Lots (& lots!) of long posts on this BB but absolutely nothing stands up to scrutiny. As for the Directors? Well it wouldn’t surprise me if at least one, if not two of them, are actually posting here on a regular basis trying to keep some imaginary discourse going in the hope of netting the odd gullible floating pi. Eventually the money for salaries will run out and this will disappear in a puff of smoke. It’s pretty close to it already and the supposed’ value event’ trick didn’t work, either here or in SA, to try and rake in an extra £50k or so.

The EUZ lights are now just a flicker, but for how much longer? Imo I give it another couple of months before they try to do a raise and then they’ll realise no one is buying into it anymore and they’ll have to shut up shop.

Do not invest your money in this lifestyle company.

Agreed. Written this off now. Directors are clowns. Good idea but totally mismanaged by buffoons so an opportunity lost. Great shame someone else can’t come in and show the way. It’ll either fold or it’ll be a distressed sale. Either way current holders are buggered. Just another one of the rotten apples in my AIM portfolio. Nearly every single one has gone belly up, turned out to be a scam or lost over 50% in over 6 months due to clueless directors. A lesson learned.

I'd hoped mms might at least try to create a market today by hoisting the sales a little but no, one gets nothing from them. Ever.

EUA has plenty of what the world wants and needs but just now not many people want to buy its shares. If that's the case on Monday again and there is still no news then we're in for a rough week as I can only see those bar stewards taking the sp down and first trying to scare holders into shedding shares.

Personally I don't think there can possibly be such a disconnect between the share price and eventual sale price, whether that be for all or some of the assets, so talk of a divi over £1 is for the birds imo and posting here as if it's a dead cert is only likely to entrap some poor investing novice or someone sadly lacking in enough nouse to know when to go for something or not.

Hopefully you’re right Tilly and the mms move things up a bit. They’ll soon see some action if they popped the bid up to 25p. Not sure they’ll drop it as it’s clear the vast majority of shares are in fairly sticky hands now in anticipation of some significant news. Still anyone’s guess as to when that might drop however.

Any news, whether on licensing of the new Rosgeo JV areas or resource updates or getting resources proven at MT to JORC would trigger a move north. Or at least it should…

*delay of three months *

If we reach end of Sept with no news on sales or launch of any other products then I expect a choice to be to presented to shareholders by the CEO: accept a take over offer of £50m or huge and repeated raises. I’m trying to think of just how a company such as this, in what must be one of its busiest and most exciting times ever, has pretty much gone silent for nearly 6 months. The fact that the Divoc announcement was heralded with a whimper by GDR is fishy to say the least. I’m leaning once more to DB having made a deal behind closed doors along the lines of once the POC gets the nod from EUA then an offer will be made before the public hears about it.

On every single front news has stopped dead in its tracks. The US DoD, European sales agreement, sudden delay in POC approval of three months. News options are all being closed down one by one. Classic signs there’s a buyer with some serious muscle lining GDR up for dinner. Would love to think of £1.50 per share but the longer the silence the closer it gets to sub £1.

Really thought we might have turned a corner and be able to enjoy a slow but steady rise. Straight back down towards 50. Jeez there is no share I’m invested in at the moment that doesn’t require epic amounts of patience. I’m trying very hard to give DB the benefit of the doubt atm but he really does need to give the merest morsel for shares holders to nibble on just now or risk investor starvation. No appetite or trust from the wider market at present, just a handful of old faithful lths trying to keep the lights on.
Come on David, you know you want to….

40p? there has been nothing coming from the company to help support the sp over several months now so I don't see why they would suddenly feel the need to roll their sleeves up. It's as if TILS has been left out to dry and they're not interested.

No reason why this won't just keep falling. My average is over 85p so I got well and truly stuffed here. Feeling a bit raw but my fault. If it hits 50p then i'll be out and it's another one to just write off and put down to experience.

jh2704 - £2.50?

I agree the ongoing silence is a bit of a tell tale sign that sharks are circling but is TILS in a distressed sale situation? Not sure it is. Either way, I'd be delighted with anything over £1.50. £2.50 would be pretty extraordinary from where we are currently sitting so regrettably I think that's not feasible, is it?

Hope will this help uk share holders in ARB? Will we do well if US sp goes up and there is a successful raise? Think the benefits will be lessened here if things go well but we’ll do just as badly if it doesn’t. Not sure this is so great for uk holders.

Nasdaq secondary listing going then PW?

Arrange the words into an appropriate sentence: sky, the, in , pie…

BTC won’t go away but it could be years before it gets back to $50k+

Gosh, didn’t those directors who sold recently do well?!

Sorry mac, I read a lot of good posts from yourself with lots of useful info and I know why you repeat many of them - to keep new investors aware of what EUA might possibly have in its cupboard: remember very little of this is proven up to JORC and only when it is will it attract anything like the kind of sums from a potential buyer many here dream of. However, to suggest people agreeing with someone like myself - a frustrated and relatively lth who is concerned at not having a clue as to what's likely to be the final outcome here owing to cont'd vaguely worded RNSs - are all part of some crew spending time here just to support the MMS's games and BR shenanigans is ludicrous. The number of ticks for my post only goes to show that I'm not alone in feeling increasingly worried at the length of time EUA has now kept its shareholders in the dark with regards to specifics. We've had loads of vague RNSs which some choose to believe and read into without question, and with the best possible outcomes. I'm all for positivity as and where it's due but blind faith and an unquestioning attitude, especially where investments on AIM are concerned, aren't loyalty, they amount to stupidity.

‘ they will not release a vaguely worded RNS just to please a few impatient investors’.
Perish the thought the BOD would ever release one of those!

I feel another raise coming on and a large chunk of the shares holders recently voted to allow the BOD to distribute heading into the hands of another secret ii. Duly followed by another drop of 15%in the sp. if that happens then the waters will be too murky for me. Patience is wearing thin and the veil of secrecy is unnerving, not encouraging.

What I’d like to see is an RNS with the name of the’ credible party’, the assets under consideration for sale and a time scale eg end of Q3 or end of year for a transaction. Oh and the name of the ii who the BOD sold a chunk of shares to recently. Probably too much to hope for… would any of that be forbidden by AIM rule 15?

I’m obviously missing something Stout. Too many RNSs with non-definitive news smacks of a CEO desperate to nudge the sp higher so he can do another raise. There will be huge dilution here before long. Once that’s done and dusted - and sp talked to around 1p - then I think you’ll see more people talking a punt here. For now though, no one is buying PJ’s story or shares in his company. He needs some seriously good results with a clear indication of resources in the ground but sadly those are way, way down the track.

Come back next year…