RE: News29 Aug 2021 20:28
Something I forgot to address - KY if you are talking about the late July 2020 statement re. 'Share Price Increase' this was almost certainly compelled by Strand Hanson, though of course I can't prove that the Nomad forced it rather than LR choosing to question why his own stock was rising (everyone can make their own logical judgement on that).
Interesting though to look back at how EUZ qualified the statement which should help folk make their mind up:
- Since the GM and subsequent consolidation of Europa Metals shares on AIM, Europa Metals has seen substantial buying activity on both AIM and the Altx. The Company knows of no reason or material event not yet disclosed to the market at this time to explain the increase. However Europa Metals notes the points set out below:
- Pre-consolidation the stock was highly volatile and pricing today has returned to roughly that of 12 months ago;
- As a lead, zinc and silver project with high grades, current and anticipated commodity pricing is favourable to the Toral project;
- Further work on recoveries and grade is in progress, the results of which will be announced in a timely manner;
- Europa Metals has recently concluded a series of cost cutting measures combined with the approval of an incentive plan;
- The recent rise in share price is positive for the potential exercise of outstanding warrants which would mean further funds for the Company
- The trading disparity between Altx and AIM continues to be monitored by the Company, its advisors and the JSE but represents a comparatively small part of the shares in issue; and
- The new, post share consolidation, pricing normalises Europa Metals next to the Company's peers and allows easier comparison of the equity valuation in the context of the Company's core asset, the Toral lead, zinc and silver project in Spain, which has been significantly advanced by the Company (Full project details can be found below in the Notes to Editors' Appendix).