Europa Metals Share Discussion Threads

[andrea152] 17/10/2018 09:50

Bizarely, I think EUZ will sell-off after the SS comes out, these things usually do.

Unless it is "Super-Good", that is.

We will see.

IMHO. DYOR. GLA.

[kexicus] 16/10/2018 09:01

As the saying goes 'No news, is good news'. At least, thats what I keep telling myself ;)

[the manini] 15/10/2018 23:28

FWIW I don't sense anything sinister or out of place about the SS delay. If it takes a few weeks longer to get it right that's fine by me. I haven't been here long but I like what I've seen and heard from the management so far and am excited by the promise of this company.

[blackss] 15/10/2018 21:03

No Hedgebetter, i am not a serious investor anymore although i do have a few of these on a free ride after FCR went bust, much like Spec7 and quite a few others including old Martina (or Andrea as she calls herself on a Wednesday). Been there, done that, seen it all before, huge asset, stock waiting to be discovered, imminent share price changing news, great management, yawn..
Spec is right about one thing though, if you don't continually look for the catch it WILL catch you out.
Good luck.

[hedgebetter] 15/10/2018 19:35

I guess you have been in that 99.9% for a very long time BlackSS.....

[blackss] 15/10/2018 16:25

Ha ha spec will you never learn ?
99.9% of serious investors don't hang about in free chat rooms so not really sure why you are here and what you really expect ?
This thread like most seems to have about 5 different participants, probably the same five you fell out with in the FS chat room. It's hardly representative of anything and largely irrelevant. You remember the phrase you can lead a horse to water ? well these sites are all about leading people to water and of course the share price reflects that they cant be made to drink.

[edgein] 15/10/2018 13:48

Wots,

Multiples of today's price (that would reduce if they placed to acquire another asset). But as it sits now these should really be over £20m based on pre-SS and multiply that when the NPV comes out. I think it was Hedge that posted the link to the broker report that compared to several ozzie companies that were trading much higher cap wise vs comparatively smaller assets. Just how many multiples will depend on the contents of the SS and if they JV or sell after that. They've already suggested 3rd party interest.

Regards,
Ed.

[hedgebetter] 15/10/2018 13:25

The NPV from the scoping study will help. The more we prove up the asset the better IMO. Sometimes values above NPV are paid for an asset. The reason for this is modelling a large potential long life asset discounts later earned revenue far more than necessary. In addition some companies are happy to recognise this flaw :-) in addition the variables used as input to the NPV calcs tend more towards the prudent side of valuation.

Companies who want to diversify into politically stable areas will be particularly interested in Toral and again this could help support a significant Multiple of the current share price There are lots of reasons to buy a large asset other than potential reserves. Diversification is one of them - whether it be geographically, resource type etc

[wotsreallygood] 15/10/2018 12:49

Just out of interest, what kind of price point target do you have?

[edgein] 15/10/2018 12:44

Yes, its fascinating how people demand respect in investments due to the length of time they've been holding as that is largely irrelevant. No yarns being spun here I'm afraid, its over $3bn of contained metals from 19Mt of JORC'd reserves based on 40,000m of diamond drill cores. That's just simple fact and why I bought. I'm here due to it being oversold and will leave when it hits my price target. I'll neither be bored nor board during this time. I'll do what I always do, wait for the herd and be mildly amused by the odd stale long that will come and go until this one re-rates. Will it be on the ss or on something else. Depends on the mark up on that morning and whether or not the herd takes to it.

Excellent, as most of the time the quiet bb's are among the best. The "investors" that you describe aren't the investors that move this price. The serious money will look at the news, will look at the assets, will look at the progress and not give one damn about the BB. I read this bb after I had bought and picked you out from the start. Resident stale long.

Regards,
Ed.

[hedgebetter] 15/10/2018 12:17

I agree edge. Too many conspiracy theories about a ‘delay’. The speed at which these guys are going even with a 4 week delay it’s many months early compared to most of AIM. The important thing is the asset and proving it up, and any conspiracy theories are irrelevant to the decisions I have made.

[edgein] 15/10/2018 11:55

Why is the share price where it is? Well its oversold, probably too many stale longs in at too high price and are never happy. Probably still won't be happy when the share price is 1p+ and many have left with huge profits.

Its basically where the share price is 18 months ago. Well I'm in about 2-3 months and already 30%+ in profit so its going fine so far but as you kept on commenting in previous posts its not gonna multibag just yet. The ss hasn't arrived just yet and it'll be the biggest announcement in the company's history. I'm afraid its not my fault though that the market hasn't realised that the size of this asset yet or its significance to the £7m cap, but they will. Will it be on the SS or will it be on a move from one of the 3rd parties we'll just have to wait and see.

You need to stop smoking. If you need to sell EUZ to fund your habbit perhaps investing isn't for you.

I guess you're new to investing in mining companies or haven't invested in any others, minor delays are more common than things arriving on time. The JORC at KOD for example was over 12 months late. If something has come up that will fundamentally improve the SS then I'm quite happy to wait, but then again I'm not a stale long. I'm quite excited to hold one of the highest upside Zn/Pb listed on AIM you won't find better on the TSX or ASX. And its in safe old Spain, not Africa or South America.

It was good management to delay the SS for a short time to include all of the relevant info, they'll be looking to use that to fund/JV this asset. The negotiations will be based on that. Better than to rush it out to please a stale long and then come into the negotiations and say, hang on a minute we've an updated SS just 2-3 weeks later.

Spec give up if you like, its neither here nor there to me.

Regards,
Ed.

[edgein] 15/10/2018 11:06

There is an excellent reason for doing it, its because the SS isn't ready to release yet, its that simple. If the metallurgy adds another $50m to the NPV due to reduced production costs or increased recoveries etc then its worth a 2-3 week delay is it not? For someone who keeps preaching about the long-term you see to be very focused on the short-term. Some are never happy it seems.

Regards,
Ed.

[spec7] 15/10/2018 10:28

What I am thinking is this.
If you accept that the SS will be price sensitive and move the share price up then you also have to accept that the delay in publishing the SS is actually price manipulation in that a delay is keeping the share price down. There needs to be an excellent reason for doing this? Simply saying we need to be adding further info to the SS before release is not good enough if that info could be added with an update later and is info beyond what was required for the original SS.
An even worse scenario would be if the SS is then published with a deal that was price reliant. What we don’t want to see is a deal of any sort that is based on the share price at time of SS release now given the share price is obviously down on where it would have been had the SS been on time.
Right now, I think a lid is being kept on the SP, I don’t believe the SS should have been delayed if it was ready and I think it was ready. I also think the official line in the RNS is very vague, clarification seems to come in podcasts which of course are not the official line…far better to put the clarification in the RNS in the first place or people will ask why?

[spec7] 15/10/2018 08:49

Can anyone explain to me why you would delay the results of the scoping study over 2 weeks to incorporate other information rather than treat this as two events ie: a scoping study and an update ? surely the SS should have the legs to stand on its own......
I am sure once again i will be seen as being negative however i am trying to look at this from the outside so i can see why this is being ignored by investors.
The problem with these BB's is they breed hype and its infectious and sometimes you cant see the wood for the trees. :) You need to take a step back and look in rather than be constantly looking out

[spec7] 12/10/2018 17:16

Agreed Hedge , no one could fault the pace of things here or LR and MC come to that, we wouldn't be here without them thats for sure
HAGW.

[hedgebetter] 12/10/2018 16:47

Doesn’t bother me spec. I am monitoring the pace of progress and the results achieved which are spectacular imo.

[spec7] 12/10/2018 15:10

Ever the pessimist with the AIM i will be happy when CB doesnt cream off the majority of any cash for one of his pet projects :) I have come to expect the unexpected where ever he is involved. It bothers me slightly that he has taken a place on the BOD rather than just investing his 5% and taking a back seat.

[andrea152] 12/10/2018 14:44

Spec , you should be able to sell out at a decent price if it gets sold outright anyway, then it's not your problem. They may even pay a Special Dividend to pay the value of the sale back to shareholders, then move on with a small cash balance, a bit like BZT did 5 years ago when they got some option money off Goldfields.

IMHO. DYOR. GLA.

[spec7] 12/10/2018 14:06

Good article thanks Manini, how long before zinc starts to rise again as stock are depleted.

[the manini] 12/10/2018 13:48

hTTps://investingnews.com/daily/resource-investing/base-metals-investing/zinc-investing/zinc-supplies-keep-heading-south-prices-stay-low/

[the manini] 12/10/2018 13:48

https://investingnews.com/daily/resource-investing/base-metals-investing/zinc-investing/zinc-supplies-keep-heading-south-prices-stay-low/