Member Info for Storey89

Ignoring the age issue... hearing people say they’ve put all their money into one AIM investment makes me nervous regardless of the asset.

Bits and pieces gradually being ticked off... cut and fill model, fine, hydrology, fine.

Have a look at our market cap. SXX at least went up before it fell.

I can buy £10k at a fix 13.5 on HSBC, below the ask... just be a little careful first thing.

It will bounce up after though.

Frankly i find it astonishing that anyone would even consider that buying EUZ to get Toral was even a possibility ?

You really dont like anyone else having an opinion do you Mr shed...lol

Well there’s two contradictory statements

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.

Bobby... what makes you say that? Have you got correspondence off him?

Andy...

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.

Morning Shed,

It's been my interpretation for a while but could be proven wrong. Trying to find something that backs it up and this is the best I can find. Key paragraph in the middle.

****************************/articles/new-legislation-in-spain-gives-europa-metals-clear-path-to-develop-toral-mine-aa6f459/

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.”

We don’t need to apply (or wait for the result) for change of land use anymore.

Legislation changed.

‘Previously, applications were required at a municipal level in certain rural areas to change land use status in order to develop mining projects.’

Now each application is considered on a individual bases which is what all the stakeholder and environment work is for. It’s straight to the mining licence now.

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.

Catastrophic share price is only relevant if you bought in much higher, not everyone on here did.

Anyway, the people putting a positive spin have voiced what they believe the outcome will be for this company. I'm genuinely interested as to what you think is going to happen to Toral? Other than shooting down the BOD, which is based on past events, where do you think we're going?

Still 3.5 times the current price and we’re about to enter a news rich period.

I feel like walking around with a big flag saying ‘we’re still here’

Mining licence and JV announced in one RNS. Major in as the JV partner taking out 75% at a reduced purchase price but covering all mining costs.

Sorry... think I'm dreaming again.

The only people feeling spiked will be traders. Investors are in it for the end game and this will be almost forgotten about in a few months.

Bouncing around at these levels is very few peoples end game.

The placing, though not ideal, isn’t a massive one and provides cash to move forward.

I bought in yesterday, a lot of my shares have begun right down here. Don’t pay attention to the intra-day swings... I’ll come back when we’re over 1p.

It’s one day, it’ll bounce.

Where has this come from? Rise looks justified but 150% on no RNS. What's suddenly grabbed peoples attention?