Member Info for Teaye72

This one also did it for me: "The coal mining agreement means the project is cash flow positive from start-up".
And start up is imminent.
Finally some reassuring news. Which can only help send the SP north.
GLA.

Aerial - you could have "found" it on Thursday... in my post :))

I think Sheds has the right idea.
Need to block myself from this site.
Of course with the willpower of a gnat I’ll see you all on Monday... :))

Grappa, potential partner and AIM itself is how I read it...

LR is aware that the consolidation wouldn’t and hasn’t gone down well. He reads the boards, as he has said.
My opinion is that this isn’t a p***ing match of management versus employees/shareholders. They have listened to the concern and they are acting on it. No management decision gets the approval of everyone. Someone always loses. Currently, I reckon the majority of us (shareholders) have lost. But so will the board, based on current share price unless they have a plan and can make it happen.
I’m not ramping. Today, on paper, I lost a lot. I am lucky that I don’t have to sell.
We have an asset. There is skin in the game on all sides. Not just for shareholders.
Give it time.
AIMHODYOR.

BarryG - does the “norm” apply to AIM?...

Thanks Cjen.
As much as contact with LR seems to be dismissed on these boards, my opinion is that the more we can glean, the better; assuming he acknowledges that whatever shared can be passed on to these boards.

I finally watched the 19 MINUTE (!) video this evening... end to end, I might add... and wish I had seen this before reading the RNS and the majority of the comments on the board today.

The devil is in the detail.

There are points raised today which need to be clarified (unmarketable parcels, etc). However the message is consistent with what has been shared in recent updates, albeit stretched over rather an extended monologue.

I am not attempting to defend the long term management of EUZ as I am not a long term holder (18months). However I have a relatively large holding and I am able to sit this out...

LR has suggested that this is all about the company finally growing up. As a grown-up company he will know that clear and regular updates are now to be expected.

LR - as you’re reading this - please prove the dissenters wrong.

That’s all folks.

What will be interesting is that reporting of PI holdings is usually limited to the platform PI purchases have taken place through...
Definitely something to request clarity over.

Let’s hope so...!

JzD - it would look like it from the timings and bordering trades...
Assume we are south today on general market malaise...
Need that update.

Time to turn the computer off I think.
Too low to sell for me.
GLA.

https://www.linkedin.com/in/laurence-read-6a00b524/detail/recent-activity/

"Today, after a lot of debate, we have at Europa Metals called a GM to restrict our own ability to issue shares and consolidate the shareholder base in addition to announcing a 20% cut in salaries, the GM will also be carried out by webinar.
So why have we seemingly made life extremely hard for ourselves for less money?
Fundamentally it's about growing up as a company and how AIM is evolving as an exchange. Following delisting from the ASX, AIM became our primary exchange but Europa has listened to the needs of the current and potential shareholder base and proposes to change the constitution to incorporate pre emption rights so investors have increased control over share issuance. While the consolidation will effect liquidity AIM is changing and we want to change with it, as with a number of recent companies, and propose to consolidate to prevent EUZ being an outlier in the market bumping along the bottom. Finally we have cut salaries across the board and senior management by 20% and have proposed a share scheme in difficult markets. Why? Because we believe that sometimes some pain/difficult choices need to be made to grow and the Toral lead, zinc and silver project has the quality to warrant it. "

Good luck, Leslieby.

What if... this was driven by a potential 3rd party wanting to see some stability in the share price of its future partner. Also possible.
Still see this as a positive step. Someone is looking at the company from the outside in and have seen need for change.
Cards are still in play. The game isn't over if you're still in it.

*UNwarranted...

My read on this is that they have taken advice on the fact that the share price being so low can react disproportionately to the smallest of share movements, thus creating unnecessary and an warranted concern.
Consolidation is therefore a good thing.
I don't see any change in objectives.
To quote LR from his last video:

The company is finally growing up.

To balance this out... INHO... not seeing this immediately as negative news:

Consolidation doesn't mean devaluation.
They have taken cost cutting measures (salaries reduction).
They have taken advice on recent share price volatility...

just out...

Erm... a mine. :)
Either mined by us / JV.
Or someone else if we sell.
And, of course, a revaluation of the SP.

Only you can decide, and I'm certainly not going to lay out any more arguments for/against at this stage.
Never looked at XSG until now; may do some digging, so to speak.
Good luck!
T