Europa Metals Share Discussion Threads

[1steverogers] 25/9/2018 13:06

Seen some dead reactions but honestly this has been dire before a major RNS.Dont know why people arent taking more interest.Undervalued is an understatement.Watched this at the start of the year and hasnt performed anywhere near where it should do.Think to get some institutional backing either there needed to be a consolidation beforehand or news that there was to be a sale.That would wake investors up.

[spec7] 25/9/2018 09:02

Given news is "supposedly" imminent :-) there is hardly a flood of buyers here ..

[the manini] 24/9/2018 22:53

The market cap is ridiculously cheap and will soon I believe, begin to reflect the assets in the ground

[argyle underclap] 24/9/2018 21:41

$3bn (billion) of metal in ground. Costs a lot of money to extract, but, hopefully, the scoping study will indicate its viable.

$3bn resource.
Sub £10M cap.

All eyes on that scoping study RNS due this week...

[spec7] 21/9/2018 15:18

And another

[edgein] 21/9/2018 15:17

Thanks hedge, great interview, he's certainly more bullish since he's been putting together the scoping study data. "Hugely exciting" etc, moving towards development, so he must have seen some interesting numbers. Got the right focus too, on infill and not too much expo. 19Mt is plenty to get moved up the categories.

Regards,
Ed.

[hedgebetter] 21/9/2018 14:40

hxxps://audioboom.com/posts/7016148-europa-metals-euz-united-oil-gas-uog-savannah-petroleum-savp-john-meyer-on-bmv-brd-aaz-russ-mould-on-ketl-pty-g4m-chris-bailey-on-tesco-tsco-itv-bats-asm And another

[edgein] 21/9/2018 13:51

Hedge,

Agreed fella, I'm expecting the NPV to be many multiples of the £7m cap, this one should really be double this level on anticipation of the SS. I'm looking for some impressive NPV and IRR numbers from the SS. As you suggest there could be more mineralisaton downdip and at depth. The infill will be useful to get more into the measured and indicated too. To get proof of model from the re-logging was very +ve not just the 19% increase in tonnage. All at low cost, money well spent. Its good to have a management working efficiently through the process and to get third party interest early on is great too. Its a quality project and with some big numbers. Next week will be exciting.

Regards,
Ed.

[spec7] 21/9/2018 09:37

You off 7 days before the SS ?

[greatfull dead] 21/9/2018 09:30

See ya...........

ATB,
GD

[spec7] 21/9/2018 09:15

Without a doubt the SS will be the catalyst IMHO but the rise will be steady over a longer period of time because sentiment on the AIM has changed a lot and its mostly traders now. LTH will buy in but avoid the trader spikes.

[edgein] 21/9/2018 08:35

Hedge,

Interesting interview. Yeah it was great that the independent JORC upgrade not only confirmed their resource model but added 19%. Good to see LR not as conservative at last and confirming again that they expect the SS to be out in the next 5-6 trading days, can't wait. Drilling continues near the resource next and then infill so lots more news to come from these fellas. Perhaps sometime soon the market cap will start to reflect the asset here. I see they're not trying to hide buys this morning like they did early yesterday.

Regards,
Ed.

[the manini] 20/9/2018 20:43

Good interview thx hedgebetter. Great announcement today that adds considerable value to the company from the reporting review! Scoping Study very much on track whilst extention drilling continues. Great work from the team all round

[hedgebetter] 20/9/2018 19:22

Hopefully the above link stays ... :-)

[argyle underclap] 20/9/2018 19:01

Interview today on Proactive investors

(Tried posting the link but doesn’t stay in my post for some reason)

Also on tube if u search for Europa metals

[hedgebetter] 20/9/2018 17:04

This will be bigger than the CAML SASA mine. The free cash flow will be high double digit £m per annum. Take a multiple of that yearly free cash flow as a sales price and leave some For the acquirer and we are looking at a very large multiple of the current market cap. These types of share are rare so I am holding on, very patient, and hoping for a mine or, it has to be considered, a very large take out value. GLA ... :-)

[blackss] 20/9/2018 12:57

Good to see people here happy with this news and not moaning about the share price I look at these things like a jigsaw :-)

There are lots of pieces, some like edges and corners are more useful in building the bigger picture than the middle bits but all slot together and each has its place.
RNS like to day are the middle bits, RNS like a scoping study are corners however its the edges that join the whole lot up and they come along once the resource is proven up as viable, a way forward is published and finance is sorted, then we will see this motor. Its very early days but it is speeding along at a pace and i expect the larger market is watching with interest waiting for the corners to drop in to place :-)

[edgein] 20/9/2018 10:33

Yeah its shaping up very nicely indeed, no wonder they were getting 3rd party interest. Will be interesting to see if the 1km step out drilling reveals more mineralisation down the slope. Good to clear out some short termers as this one progresses. MM's played a blinder this morning by delaying those larger buyers to make it look as if it was mainly sellers. Good thing about this 19% reserves upgrade was done from re-logging historic cores which is a lot less expensive than diamond drilling. The 40,000m of cores from their Toral discovery is invaluable to a £7m company.

Regards,
Ed.

[andrea152] 20/9/2018 10:17

RNS reads very well.

Gradually proving-Up a "World Class" Zn/Pb/Ag Resource, with some Intelligent thinking by Mngmt. IMHO.

DYOR. GLA.

[billyboychrisd] 20/9/2018 10:11

I'm guessing we're red because people were looking to sell on news (maybe not the news people thought!) but a 19% increase is something to shout about on its own. We're talking big numbers here, huge upside and continued development of the project. You won't find me selling on news.

[greatfull dead] 20/9/2018 09:35

Ed,

Yea,ta for the clarification.

ATB,
GD

[rizler] 20/9/2018 08:14

Thanking you for the clarification