I'm hoping one of my other shares is going to come in soon (weeks apparently..) then I have this one and another 80% loser to average down on. As mcc has I enjoyed the car wreck analogy, the facts, I agree, are per Shed.
One day, Rodney, one day...
3 trades.
But I reiterate that I think someone has been hoovering up recently....
Not a lot available.
"...we remain focused on securing potential new and exciting coal opportunities."
For all the constant token sells... someone has been loading up in the last few months. And it's not me, sadly, as my average could do with it! I'm still massively under on this one, but have a feeling that times may change. Thus still holding and will average down if I get the opportunity.
Meant LinkedIn...
The list was almost complete. Are you on Twitter?
I can recommend picking up the phone.
Also, re-read the last RNS carefully, right to the end.
Interesting... with today's application date...
No! Pray tell... was just looking....
... of trades. Was even tempted myself.
News?
21st is the next extension deadline.
Look at the last few weeks... we have only been going in one direction. And with much smaller amounts...
If it were 2 trades, both sells, I can assure you the first would have made a dent in the price!!!... however both are at the mid price (5.25p).
Seems more cobwebs are being revealed from the previous management. IMHO, better to get all this out in the open and resolved and then make a fresh start. The alternative isn't appealing.
Would love to know how much actual coal is being stockpiled versus the coal fines... The contract for 2k/month is from June.
With only one trade showing so far today, clearly the update wasn't the make or break of the company.
We live to fight another day.
...pect to its search for suitable additional assets and new project opportunities with the potential to deliver value for all shareholders."
Work Programme and Mining Licence Application
Following a recent financing round completed by Denarius, US$550k has been received by EMI in accordance with the terms of the definitive option agreement, further to the initial US$100k payment received from Denarius following approval of the JV by Europa Metals' shareholders in late 2022.
The Company and Denarius have now approved an initial US$1.8m budget and work programme for Toral covering a 12 month period which will incorporate a comprehensive drilling programme and completion and submission of a MLA to the Junta of Castilla y León.
A drill campaign of approximately 7,000m is scheduled to commence by the end of this month with an initial single rig to be augmented with a second rig in April 2023. The programme will focus firstly on confirmatory drilling followed by a series of infill holes designed to corroborate the existing indicated resource estimate. The results will then be applied to commission an updated independent mineral resource estimate later in the year.
A desktop review and preparatory application work for securing potential additional permits close to Toral is underway and will run for the next three to six months to identify and formulate suitable exploration permit applications to be submitted to the Junta of Castilla y León.
Running concurrently, the MLA involves preparation of an in-depth study which commenced in January 2023 following the initial payment from Denarius of US$100k. The work carried out by Europa Metals over the last 12 to 18 months with regards to resources, hydrogeology, geotechnical measurements, environmental and social studies on Toral has facilitated the rapid advancement of this requisite study.
The location for all future major facilities and associated infrastructure has now been defined which in turn allows for the finalisation of detailed environmental, heritage and archaeological surveys on the specified project area. Finalisation of capital requirements and ongoing cost profiles is underway and will run in conjunction with formulation of a development schedule following the trade-off study completed with regard to potential mining methods. This work is ongoing and is on track to meet internal timelines for submission of the MLA by the Junta's deadline of 31 July 2023.