Member Info for Shedulike

Equally with that many shares analysed he's bound to get some right :) I'm sure there's something in it in certain scenarios but with EUZ our fate overwhelmingly depends on continuing the operational success and delivering on the funding. If the drilling fails to improve the resource and worsens the economics it won't be 16p chart resistance that sends us down, though I expect some will still believe it did.

Hi grappa depends if you think the success or failure of the enterprise depends on a technical point on the chart. I prefer to think it depends on the operations and funding. If we complete a successful set of drills, maybe bring our copper into the JORC and sort some funding I don't think 16p will have any significance whatsoever.

Hi tabs - yes somebody wasn't paying attention yesterday it seems. However it is up to LR & MC to prove that these non-dilutive options are a reality before August when another placing could be available. It's great that we've engaged Conrad & AH but until we see something in writing placings will remain a pretty easy stick to bash us with.

Morning Teaye, my near term target has always been around the broker valuation, but it's been around that mark for so long it has turned out to be a long term target! Any newcomers can find the research note here:
https://www.turnerpope.com/wp-content/uploads/2021/02/EuropaMetalsLimited_18_1_2021_FINAL_BG.pdf
Note that back in Jan they pointed out that the work is constantly reducing the discount factors so with more operational success I think we should be looking beyond that pretty soon. Long term I really don't think it's fanciful to be thinking about a £100m mcap company given the running room on the licence, I also think particularly with the local support the we could pull Antonina onto the licence where there is still ore in situ plus tailings that could be reprocessed. With ore sorting what was uneconomic in the 1980's could hold precious reserves today.

Yes Jed the one 100% certainty is that the asset is much bigger than the area we have proven up. On limited funds we've had to concentrate on proving the viability of a central initial mining area. They would love to go deeper and outside the block model but we'd be burning multiple millions that we haven't got on exploration so hopefully the strategy of allocating funds on limited but shrewd drilling while completing the essential metallurgy will pay off for all of us.

Blimmin heck jester I thought there was a third when you posted, but really interesting the Mayors have attended twice in a week. LR has put local engagement up front and centre for ages now and we've always got zero credit for it, maybe as we get to the sharp end the critical relevance of having these folk on side is finally hitting home. I wonder if the fella second from the right is texting his broker in London :)

Right we need either another Mayors meeting or a tanking price prediction from AIMgambler to get this into the 16's.

Crikey I was joking the other day about Tweets of meetings with the Mayors being more effective to the SP than years of drilling, assays, metallurgy and hydrology but why would they be back for a second meeting in a week? No sign of free canapés! Wonder who the other stakeholders are, probably local business leaders would be my guess. Difficult to judge whether local engagement is intensifying or are we just seeing more media of it, either way it could be indicative of the mining licence application going in soon though I would still lean towards post PFS when they're 100% committed to a mine design.

Yep can't fault that picture of a suspended ceiling - was the cerveza on tap?

Ooops European Metals Holdings (EMH), better explain for anyone who wasn't around at the time - it was once theorised that one of their good RNS's caused investors to mistakenly buy EUZ. Didn't believe it myself but that's how bad things got at times!

Thanks and hope so CHRI5P - just had a dreadful thought, Europa Metal Holdings didn't have a cracking RNS on Monday did they? Daren't look :)

trade, I think it is unlikely that DB will de-risk their 12.75p shares as such a low level. I would certainly be disappointed if they did. Spreadex I don't care about. There were other entities in the placing not reportable. I suppose the next stage in the evolution is to issue some excellent news as usual and not drop as usual. Not a worry as such but there might be some hydrology due soon which is really important but might fall a bit flat due to the expectation of something se*ier. Next news needs to strongly support the new found enthusiasm for EUZ shares IMO.

milnrow - could be Euro incentives to keep the products local as there is a lot of talk of ending the dependency on China, plus the carbon targets? Haha Props yes it's probably a bit like the old adage that if you put your old fridge at the end of the drive with a sign saying 'free to a good home' nobody will take it, change the sign to '£10 only' and it will be nicked overnight :)

Hi Bricks the psychology of it is intriguing though. TP have had that valuation for yonks as you know and why did nobody wake up to this after the Bara report? Very few new investors would touch us at 9p but are piling in now. Nobody has complained about the news flow, I haven't moaned (again) that they are reporting the drill progress differently during this rise :) but really we know nothing more than we did this time last week, except that apparently the Mayors don't want our products disappearing to China! The meeting does seem to have been some sort of catalyst so did something leak about the copper? We definitely should be going up but I'd love to know what triggered it and why people want EUZ shares now when seven days ago they apparently didn't. Just curious, certainly not wanting to spoil the party!

Growing Spanish workforce:
https://www.linkedin.com/company/europa-metals-ltd/people/
So since Jan we've had a new graduate mining engineering, a geologist plus a Comm & Marketing Manager on board.
Right on the road today so will miss most of the fun and games :)

Hope so VR94 but completely relaxed if it doesn't. It's pretty simple, look at the asset (now proven as economically viable) and look at the mcap. If today is another step towards fair value then great, if we pause for breath it's not an issue in the long run.

Well hopefully there is a reason for the SP increase and we'll hear about it soon. Conrad seem to have been forgotten about but its seven months since we signed the product marketing agreement. I also have a nagging suspicion that AH was engaged in response to something that MC and LR needed additional guidance on rather than a 'go out there and see what you can get for us' scenario so maybe something on that front, certainly an intriguing period.

Thanks Chief.

Yes very encouraging CHRI5P, we've had some dramatic rises in the past and ended up red. I'm also not convinced this is much to do with the Mayors comment. The meticulous attention given to stakeholder engagement has never made a jot of difference in the past, (even though it should have). Things started to bubble slightly with that big trade last week and I guess it appears we were always more watched than perhaps regular LTH's were aware. As gregpeck says it's ridiculously cheap but it was ridiculously cheap when the fantastic Bara report was issued to very little effect on the mcap. Sentiment is a strange thing, nothing public has changed but we do 30%, would it be tempting fate to note that the Nomad didn't force a SP increase RNS..... please not tomorrow!

Hi Bricks - what was the volume like on JSE today? Am I right in thinking the SP is about 12.5p?