Member Info for Teaye72

Well as long as he isn't taking advice from your posts, Para... that would be worrying.

1. of or like a parabola or part of one.
"a parabolic mirror behind a spotlight projects a parallel beam"
2. of or expressed in parables.
"parabolic teaching"

I think no.2 is more appropriate! I years to come when we think the SP was below a penny.... :)))

It is rather lacking credibility that so many buys at full ask can see the price held, whereas a single modest trade in weeks passed could have immediate effect....
Makes the whole system rather questionable.
Anyway... at least it's blue, rather than red!

...affect your "boss Los"?
Translation?

Full ASKS and still the cork is in the bottle....

Come on Basil...

Paramount - I fail to see how today's rise (and fall) can be interpreted as anything but "excitable".
Let's see where we close, shall we, before writing the RNS off.
Good news on AIM rarely means positive movement in the SP - we have seen that enough to know that it's true - but this is a material step forward which, today, has only been speculation and intent.
Re: brown-nosers on the payroll... how is a comment like that meant to be taken seriously? Serious chat is always welcome, even if negative and balanced. But that falls short.

This won't be down for too much longer. The MMs can't change the meaning of an RNS.
Certainly looks like some positions are being closed rather than profit takers, but let's see. Not worried at all as I'm not going anywhere soon.
The fact that we have Government backing, and cash with that backing to boot, proves that we are heading in the right direction and I am glad to be on board!
GLA.

Seem to remember it was 100% not too longer ago!

(Contd)


Toral Project Update

At Toral, the Company is working towards finalisation of a new, independent, economic report on the project, currently being undertaken by Bara Consulting. Certain elements of a Pre-Feasibility Study for the Toral Project are also underway with the bore hole for hydrogeological testing now complete, which will enable monitoring to commence. The Company looks forward to updating the market, as appropriate, on anticipated further operational progress in due course, including the expected renewal of its three-year Investigation Permit for the Toral Project.


Laurence Read, CEO of Europa Metals, commented:

"Following our recent successful £2 million equity raise, I am pleased to announce the awarding of this €466,801.50 Grant by the Spanish Governmental agency, CDTI. This interest free loan is a huge testament to the operational work performed at the Toral Project and our team's ability to establish innovative partnerships with local contractors and leading higher education establishments. For some time, we have been progressing our work with the University of Salamanca and SPI to assess how the development of Toral could be utilised to assist the Castilla y León and Spain with innovation in the field of exploration. Using Toral as a real time project our partnership with the AIR Institute and SPI shall field-test data collection and processing systems from the exploration drill rigs once Europa Metals begins its Pre-Feasibility Study drilling campaign, following completion of the current ongoing economic study.

"Europa Metals is pursuing a number of grant initiatives and I am pleased that the first successful application stems from the Castilla y León itself. The Grant is on attractive terms and allows money to be spent at the project level contributing to the R&D aspects of the Company's Pre-Feasibility Study programme. I would like to take this opportunity to thank the CDTI, for their backing of our partnership, the Junta of Castilla y León for their ongoing support and, of course, our colleagues who have once again delivered on the Group's objectives."

19 October 2020

Europa Metals Ltd
("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)

€466,801.50 Grant Awarded by the CDTI Towards Exploration Work at the
Toral Pb, Zn & Ag Project, Spain

Europa Metals, the European focused lead-zinc and silver developer, is pleased to announce that, following an extensive submission process, an interest-free loan by way of a grant of €466,801.50 (the "Grant") has been awarded to the Company by the Centre for the Development of Industrial Technology (CDTI) for use towards research and development ("R&D") at the Company's wholly owned Toral lead, zinc and silver project ("Toral" or the "Toral Project") situated in the region of Castilla y León, north-west Spain.

The CDTI is a Public Business Entity in Spain, under the auspices of the Ministry of Science and Innovation, which fosters the technological development and innovation of Spanish companies. The Grant is categorised as a partly refundable loan (with a nil per cent. interest rate) with the funds received to be allocated towards the development of R&D technologies relating to the recording and correction of drillhole deviation at the Toral Project. Application for the Grant was made further to ongoing work by Europa Metals and the AIR Institute, linked to the Salamanca University, and drilling contractors Sondeos y Perforaciones Industriales de Bierzo SA ("SPI").

Europa Metals will draw the Grant monies down in up to three tranches, with the prior agreement of the CDTI, with the initial tranche, comprising an amount of €163,380, to be received by the Company imminently. The second and third tranches are scheduled to be drawn down over the next 18 months subject to certain, defined, operational milestones. The core objectives of the Innovation Programme are to retrieve and process data from the Toral drilling campaign in order to develop algorithmic software for use in exploration campaigns to correct drilling deviation. Biannual repayments of €21,822 begin in 2024, running for 7 years until 2031, with a fixed interest rate being set by the currently prevailing Euribor rate of nil per cent.

Europa Metals anticipates that the Grant will enable the Company to apply for reductions in taxes payable relating mainly to labour costs and is satisfied that the terms of the Grant will not prevent the Company from participating in other grant application processes save where there is a specific technological overlap.

Once the funds have demonstrably been spent on appropriate R&D exploration activity at the Toral Project by the Company, 70 per cent. of the total Grant will be repayable with the balancing 30 per cent. then not required to be repaid.

Toral Project Update

At Toral, the Company is working towards finalisation of a new, independent, economic report on the project, currently being undertaken by Bara Consulting. Certain elements of a Pre-Feasibility Study for the Toral Project are also underway with the bore hole

...but as we all know, I might as well be watching audio levels... :))

Level 2 has changed and now shows from .02 to 0.055 (was only up to 0.045 earlier)

I reckon they have handed their twitter handle to one of the Ops interns in Spain who knows how to use social media and can bring some variety to the updates... even if it's what they're having for lunch... :))
Good weekends all!
T

you think they wanted people to jump ship?

Must admit it does make me wonder what might drop on Monday. We haven't seen those volumes traded for months...

almost the day high... see .0395 earlier...

SoaS - well I think you have the options covered.

The optimist in me is gunning for .07 after confirming of handover, thereafter to rise to .1 with news on contracts.
The pessimist sits at 0.02 after a jam tomorrow, work permits pending, update.
The realist, at petty much where we stand today, unless we get news.

https://twitter.com/LtdEuropa/status/1317037354243268609?s=20

Time to break through the .04 ceiling... blatant suppression of the SP...