Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Was just clarifying for Stamp…
Just for clarity, it wasn't Noel that bought the shares yesterday; he already bought back in August.
BTW, were you fired in the recent clear-out, by any chance? Asking for a friend... lol
I'm sure if you're able to put together such a convincing case that NL is talking nonsense, you can find a way to contact him and present it yourself.
SoaS - LOL. It does make you wonder who buys such small amounts. I get it that it might be MMs at the end of the day rounding out positions... but when you have multiple tiny trades in a row, my instinct leans towards manipulation...
Someone has just added 35k + 10k, but it wasn't me. I would have if I had the cash, but don't currently. Agree that time is key here and the end of the month could spell a rerate.
Aerial would be jumping up and down!
T
Fulmar, yes indeed! Well, I've moved it from the bottom drawer to somewhere in the middle, above the boxers, but below the socks! Actually a very good interview from the new CEO; am pretty sure that NvS was key in the reorg and redefining their strategy since joining earlier.
ARCM is still my largest holding by far, however, and will remain so. This one's in a different league.
T
Excellent podcast. What's also so refreshing is that he has qualified and explained both actual output today and near-term potential. Reassuringly open. May have to treat myself to a little top-up!
I recommend if anyone is still of the opinion that nothing has changed, reach out to Noel (he's on LinkedIn). I've had more engagement in the last 2 months than in the entire 4 years with the previous management.
https://edenville-energy.com/mine-screen-wash/
https://twitter.com/EdenvilleEnergy/status/1579816496519577604?s=20&t=nLpI1WRXttjMQUOKtRIPTQ
Great update!
FIRST LIGHT Europa Metals (EUZ) – Corporate - $6m farm-in announced for the Toral zinc lead project Market Cap £3m Share Price 3.8p Europa announced yesterday, intra-day, a letter of intent with Denarius Metal Corp (TSXV:DSLV, No Rec) for a staged farm-in to acquire up to 80% of the Toral zinc-lead (Zn-Pb) project in NW Spain for $6m. Denarius is owner of the LomeroPoyatos project in the Pyrite Belt in Southern Spain and so are already familiar with operating in Spain. The option, subject to due diligence and shareholder approval, is staged. Stage 1 is $4m spent over 3 years with $0.65m to Europa to support a Prefeasibility study and mining licence application with $3.35m for 2,000m confirmatory drilling and securing the nearby, formerly operating, Antonina Zn-Pb mine. Stage 1 would see Denarius owning 51% of Toral. Stage 2 is a $2m payment to Europa (within 1 year of exercising Stage 1 of the option) and delivering a Prefeasibility study demonstrating positive economic results over the proposed enlarged project, including the Antonina concessions. This would lead to Denarius owning an additional 29% in Toral. Toral is a large deposit (Total Resource of 17Mt grading 6.9% Zn equiv.) with an economic study for a 12-year mine life (from 3.8Mt grading 8.1%Zn equiv.) from an underground mine and producing separate zinc and lead concentrates containing significant by-product silver. Our analysis shows the project generates a $156m NPV8 at metal prices significantly less than current spot prices (Research report 25.07.2022). The Antonina mine was a rich zinc-lead mine operated between 1935-83 and closed with resources still in place – it lies 1km from Toral and has not been explored properly since closure. Toral itself is one of the largest, undeveloped lead + zinc resources (total resource) in Europe and is expected to grow further even without the addition of potential additional material from Antonina. WHI View: Yesterday’s news valued Toral (and by default Europa) at $7.5m (equivalent to 8.2p/sh) – well in excess of the ~3p opening share price yesterday – and the market reacted accordingly. We see this as a positive deal for Europa shareholders: 1) it was completed at a premium to share price; 2) it funds the next stage for Toral without recourse to shareholders and further dilution; 3) in a couple of years’ time Europa could find itself a 20% owner of a project which is larger (esp. if Antonina is included) and a project which is much further advanced.4) 20% leaves shareholders with a meaningful stake in an advancing project. Recent positive news from Europa has had no effect on market perception and Denarius will provide a new impetus to the project. And; 5) leaves Europa with some cash to pursue any wider ambitions. At this stage we continue to see fair value at 12p/sh, using only 20% of the NAV for stage, and will look to revise this in light of any positive developments. The option with Denarius, if enacted, could unlock the ....