Fair play Shed, I’ve only been here since middle of last year and their website always refers to it as the flagship project so was never sure if there were some minor assets sitting in the background I couldn’t find reference too.
In turn makes my argument for a total buy out more feasible.
It wouldn’t surprise me if EUZ is purchased. Toral is by far and away their biggest asset and given the work that is being done in the area with stakeholder engagement etc. I would imagine the Europa name holds some value in that area of Spain.
The documents and mining licence will all be in Europa’s name as well. I’m well aware it can be switched over but I could easily see someone deeming it a cleaner transaction just to purchase the company.
Many of us will have different opinions, it’s what these boards are for after all.
IMO you need to be watching the end game and not the share price. As frustrating as it is the share price is irrelevant, it wont go up dramatically from here.
The shares will be suspended with an offer per share and that will be that, the rise will never be shown through here.
We may get some incremental increases on the way when news drops, such as the 2nd phase mets (if they ever get round to releasing them) and the mining licence. But ultimately the live share price isn't the game here anymore.
The lower it goes, the more you can buy.
That's my stance anyway, but we're all here for our own reasons and interpretations of the situation.
I don’t think their work will be totally obsolete.
‘Working with MAGMA, an independent consultancy with a track record of ensuring resource companies are compliant with the municipal and regional land use processes, we shall work closely with all key stakeholders to determine Toral's ability to ultimately become a safe and beneficial mining operation for the local area.’
The change of land use required consultation with stakeholders and to be proven the mine would be safe and beneficial.
I believe that is still required and some of the work that is ongoing now as part of the mining licence. It seems to me rather than being a two stage process of change of land use and then a mining licence it has now become one stage. However, a lot of the same work is still required.
Laurence Read, Executive Director of Europa Metals, said: “The new law provides Europa Metals with a clear path to progress Toral into potential future mine development working, within the requisite new regulations."
Each mining project will now be considered on a case by case basis. Each will be assessed upon Environmental and other stakeholder factors. Previously, applications were required at a municipal level in certain rural areas to change land use status in order to develop mining projects.
Laurence Read, Executive Director of Europa Metals, commented: "This change to the relevant land use legislation establishes a responsible framework for assessing appropriate mine developments compatible with urban planning in the region of Castilla y León, Northwest Spain, based upon detailed environmental assessment work and stakeholder engagement.”
Also, the website states 98.27% of shares are owned by the top 20 largest share holders. They’re obviously in sticky hands more than happy to see this out because I for one ain’t seen a selling TR1 recently.
I’ll admit, I’m in a far better position than a lot here. My average is 0.023p and I’ve got a fair holding, so my positivity may be lost on some. However, if the long term holder do want to recover any losses and see a sustained rise, don’t shoot down those that speak positively on here.