Europa Metals Share Discussion Threads

[andrea152] 17/12/2018 10:04

Yep, you're spot on with everything you say SPEC7. Wish you weren't, but you are.

I think it goes back even further, to the Basics of the AIM Market, which is corrupt , self serving and effectively, Unregulated. No serious Company would ever list on AIM , no latter how small it was initially. They would go to Canada or ASX or even the USA, or, day I say it - Frankfurt or Amsterdam.

AIM Companies are essentially Hobbies for Amateur Management Teams - full stop, without exception. EUZ is one of those, and if they can't raise the money to take them forward to the FS, they will be BUST within 6 months, or less.

What a fine end to 2018 !!

IMHO. DYOR. GLA.

[kexicus] 17/12/2018 07:36

Unfortunately I agree with absolutely everything you say.

[spec7] 15/12/2018 16:24

I agree with all you say chessmaster but this is the gamble with any small miner. They nearly all fail for various reasons. Those reasons however sensible are never allowed to be discusses before hand on Forums because any negative view is shut down by the rampers who rule these threads. i dont think anyone with a history in FCR really expected much from this ? we have seen it all before, the lies, the promises and the failures. a lot of people have lost game changing money here over the years, the share price has gone from 20p down too .05p. What so galling is i called this out for what it was. It was only ever a lease in a draw and thats still all it is. I said management had zero PR skills, and i said you can be the greatest geologist on the planet but that doesnt mean you can run a listed company.
The real crime here though was in the basics. FCR had a massive lack of investor confidence , tooth lied and mislead people, we were lead to believe the BFS was well under way, we were led to believe game changing news would see end of year highs !! dates were constantly missed. All the current management had to do was avoid these same failings instead of which they followed the exact same route..
The reason these people choose podcast instead of RNS is because they are pretty much uncountable for what they say. its amateurish and stupid and just encourages people to drop hints or stretch the facts in order to have something "new" to say, it helps them and people like Winniethrith and Waite but does very little for investors who invariably get taken in with dates and targets and stories of great riches. I disagree with Blackss, at this stage you are not gambling on the asset, you are gambling on the management.

[blackss] 14/12/2018 16:56

The fact is funding will be available based on the strength of the Asset not the current share price which bears no relation to the asset value IMHO. the asset value is very much as it was last week, last month, last year, the share price just reflect poor management and any future investor will be looking at long term returns from the asset sale i would think, not the value of the management and the share price today. I doubt they will want to buy the management as well :-)

[andrea152] 14/12/2018 14:28

LR DID say in one of his many podcasts that they did have "Emergency Funding" lined up & sitting in the sidelines "If it is necessary?" - so here's hoping they have..........

It'll probably be another "Cornerstone Investor" who deals at a large discount - that MAY be CB, may not be.

IMHO. DYOR. GLA.

[the manini] 14/12/2018 13:46

Alan Green talking to Justin Waite about EUZ...hTTps://twitter.com/myfirstmi11ion/status/1073574616478740480?s=19

[hedgebetter] 14/12/2018 13:29

I expect anyone who takes part in a placing will get to see the full SS including the numbers.

[andrea152] 14/12/2018 10:14

It all looks a bit screwed at EUZ at the moment.

Don't know how they are going to get a Placing away at this level, without which, they cannot continue to develop Toral.

CB seems to have lost interest , in both this and BZT , so who knows if he's going to Pony-up with more cash.

A buy only for the brave at these levels, with current disappointing newsflow just having landed.

I note that a couple of decent people on the LSE BB have calculated an NPV of around US$ 200m for Toral, using sensible empirical data, which does show the value of the asset, but wot use is that if you haven't got the money, or backers to get it out of the ground ?

Like Theresa May, I imagine LR & MC are doing a bit of serious head-scratching right now......... !


IMHO. DYOR. GLA.

[the manini] 13/12/2018 14:02

hTTps://twitter.com/myfirstmi11ion/status/1073216142183940097?s=19

[frankie83] 13/12/2018 09:23

Need some strong results from the DD this week/next, to gain some confidence, find the bottom line and then grow the share price. Get the investors in and work to FS and get the NPv out! No doubt this has great potential, good day to you all..

[colinbird1] 12/12/2018 14:59

You mean you're hoping for funding and hoping for CB to put his hand in his pocket to spend.
Going by the disaster lr and MC has set up, doubt it's happening anytime soon.

[andrea152] 12/12/2018 10:18

I suspect that some sort of emergency funding is now being sought, in order to Fund the new Infill drilling campaign next year and start the FS ?

Whether that fund raising is successful , remains to be seen. Lots of egg on faces all around (and tomato juice).

Still think CB will put his hand in his wallet again, personally, because the external market for raising new capital for exploration companies is ZERO at the current moment.

We are virtually back to where we were 1 year ago, though we Do now have a 16m tonne resource, as opoosed to the 10m tonne one, which JT was talking about in Sept 2017. Whether the current JORC CAN be upgraded to "Indicated" status is also open to question ?

IMHO. DYOR. GLA

[kexicus] 12/12/2018 09:02

Proactive Investors vid posted by LR on Vox yesterday. https://youtu.be/D5nz2VxYWfU

[colinbird1] 11/12/2018 14:12

Fair point Spec7. You probably have lost quite substantially. Lets hope lesson learnt. Lets hope also the delusional on this board will not carry on supporting Laurence or Myles(believe he should get stick too, but he did not do sh!tty podcasts)
It has become a recovery share now, not the "multi-bagging," investors once thought.
Lesson learnt put all the rampers on BBs in their place a lot sooner.(They`re also responsible for backing the incompetent management and have gone missing)

[spec7] 11/12/2018 13:55

Its pretty ironic I left this board labelled a sore loser, someone from the past who held on too long and got caught out. I was told FCR was dead and EUZ was something quite new with better management and I was just to old to be objective. I was told my experience counts for nothing, my wife had probably left me and I was just bitter and twisted.
Well here we are, just about everything I said has come true except FCR had a much better share price and a fraction of shares in issue. The same people who ridiculed me are saying buying opportunity just as I did as FCR went down and down. They too are now loading up at a price where it will be not worth selling. Management here has proved to be no better than FCR. They basically just knocked 60% of the value of your holding in 2 months despite having a world class asset much like FCR had at the time. They have diluted you by about 4 billion and still have no money and shortly will need to raise even more and dilute you even further. And on top of that the asset has actually shrunk.
All this because of really basic errors? Are we really to believe that Myles Campion with 15 years experience covering all financial aspects of mining and exploration companies on ASX and AIM ( from his linkedin page ) and 10 years as an exploration Geologist. Didn’t know the ground rules of the ASX when it comes to mining?
I wish you all luck but remember when sticking with it or buying more….thats exactly what I did with FCR and that’s what I was ridiculed for.

[1redknight] 11/12/2018 13:35

Think he deserves a lot worse than tomatoes

[colinbird1] 11/12/2018 13:28

Andrea did you seriously go there and sit there to listen to his BS? Nobody threw tomatoes at the circus performer.

[andrea152] 11/12/2018 10:48

Not really, more infill drilling to take to indicated status and talking to 3rd parties about mine development. Everything else is in the Proactive Investors Podcast. Not sure WHEN the Economic Mine data will be produced, unless they do de-list from ASX, which, as I said previously is extremely unlikely at this point in time, because of the expense.

But they need to find more funding to move it on........... ?

The ASX restriction was a real bolt from the blue really, but MC should have known about that , as he was both an Aussie Fund Manager & Worked for Aussie Mining Cos, so knew the ASX listing rules.

Not much of an Xmas present really, sorry to say !

IMHO. DYOR. GLA.

[frankie83] 11/12/2018 10:09

So was there any good news?

[andrea152] 11/12/2018 10:02

I strongly suspect that Cb will be putting his hand in his pockets again, to fund the company for the next bit of infill drilling. More dilution for shareholders and more control for CB.

The London Prezzo was NOT good. More jam tomorrow. Non-inclusion of NPV, OPEX & CAPEX figs in UK RNS a major omission.

Trouble is, De-listing from ASX will cost major money, which EUZ dusnt have right now, and wudnt really solve anything as you'd just get all of the Aussie Shareholders (of which there are plenty) selling stock as they lost their "Home" market to deal.

Outside poss, is that a 3rd party comes along and puts some money in, even at this early stage of the project, but that is like saying Angela Merkel is going to say that she's happy to tear up the Brexit "backstop" Agreement and start over again !

All in all, a complete Dog's breakfast and back to where we were 1 year ago. Looks like I WILL be able to buy more stock at 0.05p ! I don't envisage ANY Management changes at all, for those hoping for that, either.

IMHO. DYOR. GLA.

[amrishbhim] 11/12/2018 09:45

MC Mining Limited Chapudi Project - Mining Right GrantedSource: UK Regulatory (RNS & others)TIDMMCMRNS Number : 0297KMC Mining Limited11 December 2018ANNOUNCEMENT 11 December 2018CHAPUDI PROJECT - MINING RIGHT GRANTEDMC Mining Limited ("MC Mining" or the "Company") is pleased to announce that the South African Department of Mineral Resources ("DMR") has granted a mining right for its 74% owned Chapudi coking and thermal coal project ("Chapudi Project") in the Limpopo province. The Chapudi Project, together with the Mopane and Generaal Projects, comprise the Company's longer-term Greater Soutpansberg Project ("GSP") situated in the Soutpansberg Coalfield.The GSP is located within close proximity to the Musina-Makhado Special Economic Zone ("SEZ"), an area designated by government to focus on amongst others, energy and metallurgical processing.The Chapudi mining right is the first of the three GSP mining right applications to be granted; these applications were submitted to the DMR during 2013. The Chapudi Project alone contains over 6.3 billion gross tonnes in situ of inferred coal resources(1) and supports MC Mining's strategy to be a substantial producer of hard coking coal, used in the steel manufacturing process and typically attracting a significantly higher sales price compared to thermal coal.David Brown, MC Mining's Chief Executive Officer commented:"The granting of the mining right for the Chapudi Project is a key step in unlocking value from MC Mining's significant coking and thermal coal assets and positions the GSP to be a potential long-term coal supplier to the planned Musina-Makhado SEZ. The Mopane and Generaal Project mining right applications are at an advanced stage and we anticipate that these will be granted in the near future. Following this, the Company will commence with the various studies required for the outstanding water and environmental regulatory approvals.We continue to advance our flagship Makhado hard coking and thermal coal project and the November 2018 agreement to acquire the Lukin and Salaita properties facilitates the completion of geotechnical and related infrastructure studies for the proposed colliery. Further, recent Makhado Project milestones include the conclusion of a hard coking coal off-take agreement while negotiations for the remaining hard coking coal as well as the thermal coal and funding initiatives are progressing and updates will be provided when appropriate."

[blackss] 11/12/2018 08:51

Brilliantly i expect, he was able to offer shares that were .16 for just .06.....

[frankie83] 11/12/2018 08:30

I take it the investor evening went well.....

[blackss] 11/12/2018 08:15

He cant place at this level, at say .07p he would need to offer a good discount and so i cant see him getting more than .04 and the dilution would finish this. He only has permission at the AGM to dilute 10% i doubt he would even raise the costs.