Europa Metals Share Discussion Threads

[colinbird1] 07/11/2018 12:45

Just like the management than. What they do in between is irrelevant. Let the share price drop, irrelevant. Delay the SS, irrelevant. Everything else showing growth while this goes into reverse gear, irrelevant. Same share price as it was a year ago before the 20% increase and everything else in between, irrelevant.

[blackss] 07/11/2018 12:36

what LR is doing and is thinking is pure conjecture. If he has gathered all the info he needs and has passed it to Addison Mining Services then i can well believe he is as fed up waiting as we are.
The markets these days are driven by short term opportunists so price rise and fall quickly. The worry is the longer they drift the more ground they have to make up before they actually break out, right now we will need 60-70% rise to get back where we were + a bit.The answer is to not follow these types of stock too closely, they will do what they do regardless, the only time the share price is important is when you buy and sell, what it does in between is irrelevant.

[colinbird1] 07/11/2018 12:17

Everything else is making tracks and recovering from the past few weeks. This as usual is going into reverse gear. LR is going to get called out soon. He's been spending too much time listening to dodgy Aussies and paying too much attention to BZT. Not enough attention on EUZ. Don't think he actually cares at the moment. Must have done well in Hong Kong.

[andrea152] 07/11/2018 11:07

Mmmmmmmm, a Placing now would NOT be good. They should have enough cash to last into the New year from the previous one in Sept, but who knows what shenanigans the "SS" is going to release into the mkt ?(when it finally comes out !). Will it prompt a buy-out, JV/Funding Partner, Offtake Partner ? Who knows, it's all possible.

Interesting times, but the share price is just dire, like most AIM Junior Miners ATM.

IMHO. DYOR. GLA.

[colinbird1] 06/11/2018 17:20

Tragic share price but that is definitely down to the SS being delayed and other investments people can go into with a better return because this is stuck with a handbreak. Think somebody said this time last year this was exactly at the same share price A not so thrilling rollercoaster later and it's exactly at the same place.

[blackss] 06/11/2018 07:21

I don't know why people follow the share price on the ASX ? Its completely irrelevant, as far as i know the ASX doesnt move or go down to a tenth of a penny increments anyway.
Management may be able to manage the company but they are woefully bad at managing the SP, lets hope it doesnt become a race to get the share price up before they run out of money because right now any placing would be well sub .01

[frankie83] 06/11/2018 04:47

Down on the ASX tonight 50%

[hedgebetter] 01/11/2018 15:42

Hard to call it.

The updated JORC will tell us that we now have more confidence in parts of the license we have done infill drilling on. It could also upgrade size based on the step-out drilling. Third parties will be happier due to the de-risking aspects, as will the market.

The SS will give us NPV and IRR, so we can compare with other comparable ventures - and give us an indication of how much this is worth should we get to mine - and also gives an indication of the incentive in place to get to mine. It will also give us lots of other stuff over and above a bog standard SS - so it should be a really useful document that I am really looking forward to reviewing.

Either way - looking forward to both of them!

[blackss] 01/11/2018 15:10

I think the JORC upgrade from inferred to Indicated and measured will be more eventful than the SS but either way i do agree its looking to be progressing very well. The SS it seems will be a lot more than just an SS.

[hedgebetter] 01/11/2018 14:57

I am not worried about funding. If they need it they will get it. Dilution for a massive upside is much better than where FCR was this time last year!

I agree with Andrea - the podcast is worth listening too several times. We can of course afford to dilute the asset which does not hit the shares issued - and that would be on the basis we get a JV. An acquirer receives a disproportional benefit by getting their hands on a share of the asset instead of a share of the market cap. That's why they always go for the asset - but the market prefers it the other way around for some odd reason.

The hard yards have just been done on our own - we have now de-risked the asset for any potential acquirer who has seen the real potential global projects whittled down to a few by that very exercise. The next step is to get a JV in to move this to development. The Europa 1:1 conference is in three weeks time in London - I would expect the SS to be done and dusted by then with a fair wind. It's a key document that they can walk through with all the potential investors. Onward and upwards!

[blackss] 01/11/2018 13:48

The next worry will be funding, the longer they delay telling us what they actually have the faster the money will dry up and we don't want to be raising money at this share price
Interesting to see Dillon got himself all mixed up last night and answered a question directed at him as "steverogers" by mistake on LSE..All credability gone now so will he apologise to spec7 and the rest of us here ? of course not but others here would do well to note we lose good investors on these threads because these multi user name idiots are just out to deceive you basically.

[greatfull dead] 31/10/2018 14:27

A little old, worth keeping. Pages 57 & 58

hxxps://edition.pagesuite-professional.co.uk/html5/reader/production/default.aspx?pubname=&edid=110f4309-34a7-47ab-bee0-300f0e6cdb4a

Watch the proactive interview. Cheap lean to conservatory in the background!

ATB,
GD

[hedgebetter] 31/10/2018 14:16

with some very interesting points.

[kexicus] 31/10/2018 12:43

Was thinking the very same. Abandoned Galicia and concentrating on Toral. Its a very upbeat sign IMO. Might even scale in.

[edgein] 31/10/2018 12:32

Very good interview. Company focused solely on Toral and not using money on other assets unnecessarily, running a tight ship, on time and under budget on the drilling. continuous infill drilling ongoing. The enhanced SS will be used to attract funding as many of us expected. Very professionally run outfit so far. Hopefully the SS will be the sling shot that LR is expecting, its likely to contain numbers many multiples of our cap, and that's if it only covers the higher grade areas.

Regards,
Ed.

[amaretto] 31/10/2018 11:22

Proactive interview is out:



Listen out for the 'sling shot' comment!

[greatfull dead] 31/10/2018 09:56

HB,

I couldn't agree more.

ATB,
GD

[hedgebetter] 31/10/2018 09:49

The [enhanced]scoping study is targeted at third parties - which is how it should be imo. The management have turned EUZ around and we are at the starter course of a multi-course feast. Serious third party interest will boost this quickly. In the meantime I am happy to hold my shares tight and watch as the story continues to unfold. Absolutely delighted with progress to date.

[blackss] 31/10/2018 09:39

Agreed but i am sure they would rather get in now than after the SS :-)

[greatfull dead] 31/10/2018 09:18

Black,

I am sure EUZ management are Talking with some serious investors, though the time to do so will definitely happen when the SS RNS is out for all to see.

ATB,
GD

[blackss] 31/10/2018 09:10

The real problem here is AIM investors are not really interested in tonnage in the ground or side drills or anything else other than the share price today and the share price in 2 days time. If that's likely to be simulare they don't need to buy in for a couple of days at least. Once again we saw the share price walked down yesterday prior to today's RNS in fact it's been held down now for weeks. It will take serious investors here to buy and hold and push up the share price and maintain it, at the moment we are seeing piddly volume and Market makers milking the PI. Hopefully management are looking at getting some proper money invested here and not just hoping this will sell itself.

[greatfull dead] 31/10/2018 09:08

Ed,

JV or possible sale. My bets are on a JV. Retrace over IMHO.

ATB,
GD

[amaretto] 31/10/2018 09:04

It won't take much to be as big as SASA, it could be bigger.

[edgein] 31/10/2018 08:50

GD,

I reckon the best is yet to come from EUZ, £6m cap is madness. If the SS doesn't straighten this one out then a JV or possible sale of Toral would.

2Prsimo,

Well when you look at what re-assaying just selected cores did to the JORC then just imagine if they took the time and money and re-assayed all 40,000m of historic cores, let alone drill further high grade extensions, they could go to that expense with a large JV partner. Imo 19Mt is only scratching the surface (literally as its still open at depth and along strike :)). It'll be interesting to see what the infill drill shows to firm up the SS towards DFS and JV/funding. The tiny cap and quality of the asset makes this one vulnerable to a bidder.

Regards,
Ed.

[2prsimo] 31/10/2018 08:33

Edge,

There seems to be a bit of chatter over on LSE that Toral could be nearly as big as CAML's SASA mine in terms of a similar tonnage and similar grades. Can't wait for that scoping study.