Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Tony, interesting you're still pursuing this, in some respects I commend your commitment, but on the other hand I wonder why you bother. Europa is a tiny o&g exploration company, yes serenity failed, Ireland is stuck and who knows with EG, but if you want to invest in guaranteed dividends from o &g then choose a major or alternatively go for gold and invest in a penny share company worth £10mil then shut up and enjoy the ride. This is risk and reward, the risk is high, the reward is high. Serenity didn't deliver but what if it had?? Maybe, just maybe and I very much hope as a significant holder that something happens soon.
One would assume EG to be worth the £3mil paid for it on then open market although we’re lead to believe that Will and the Europa team only got the opportunity to buy in due to their contacts. Let’s just hope that network extends to finding a third party to fund some action. Massively exciting if it does. Someone obviously believes as been hoovering up a lot of shares of late.
Agree Brezhnef, so much potential for a multibagger with news that could land anytime. Does beg the question as to why people would be selling at these stupid prices? Maybe it’s an individual that’s offloaded a lot of shares, if so would expect to see a TR-1. At least we know it’s not WA.
Chas, I’m with you and think we need to give Will a bit of time to make his mark and if that’s in Africa then I'm all for it. It’s the hottest place to be at the minute and plenty of majors in the area. He’s said he’s using his network to secure a deal so let’s give him time to see what that looks like in the mean time it would be nice to get some positive news on other fronts.
More air time for Inishkea Prospect in todays Times.
https://www.thetimes.co.uk/article/e3256b30-7b36-11ee-83ba-000db1848e33?shareToken=578a94e5a90228ada376071f2735ee92
I’ve been keeping an eye on the LAB energy advisors web site (who were appointed to assist in Inishkea farm out) and noticed that under the list of current live mandates the yellow dot over Ireland has disappeared and now just showing in dark blue, ‘experience of closing deals’. Something big is going on and expect we’ll hear very soon.
Bubble2021. Completely agree! Looking forward to the next couple of months here. Thinking takeover bid more likely than Ireland farm out or serenity news. The cancelled proactive event and the background buying here makes me think something big is about to drop.
The SP chart is starting to look a lot like Egdon’s before the take over bid. Battered down very low, followed by a spike, followed by the bid. If Heyco come in with a low ball offer then it has to be said they’ve played a blinder. Would be needing a decent offer to get my vote tho.
I was holding at Egdon before the take over and watched the share price get battered down around 30% from the start of year to 2.2 just before the offer came in. There’s clearly a deliberate move to hold back the revised CPR and teamed with the sharp end of buy backs and complete lack of news im just wondering if DB and Heyco have something planned. Possibly take over, possibly sale of Wressle stake, either way anything will look like a good deal the way this is drifting. Europa equally quiet.