Europa Metals Share Discussion Threads

[sleveen] 15/3/2019 17:22

Fair point HB.

But what does the UK mine other than coal, whereas Oz economy is based on mining.

So who's right.

Caveat emptor.

[hedgebetter] 15/3/2019 17:16

Sleveen, that’s why EUZ delisted from ASX.

The argument is that if a junior miner requires further funding then potential investors need some yardstick on which to make a decision to invest or not. I prefer this approach to the ASX approach. I get to see preliminary economics, prepared by an independent third party, with all the caveats.

[sleveen] 15/3/2019 17:10

Off take agreement, they ain't got a resource yet.

"Specifically, persons resident in Australia should note that ASIC and ASX have issued guidance to the effect that inferred resources (upon which the Scoping Study is based) do not provide a reasonable basis for production targets and forecast financial statements and that Australian law does not consider there to be a reasonable basis for announcing forecast financial information for the Toral Project."

[hedgebetter] 15/3/2019 17:05

I would hope we all know a funding is coming. I’ve been expecting one for 3 months.

The question for me is in what form e.g

a placing,

a partial asset sale.

If it’s a placing then is it to, e.g a cornerstone investor or to potential flippers.

If it’s a partial sale then can that entity help take the asset forward.

The asset now has preliminary NPV behind it - prepared independently of the management.

[the manini] 15/3/2019 17:03

There may be a placing or there may be a JV or offtake agreement. Neither you or I know so please keep your warnings to yourself we're all adults here.

[sleveen] 15/3/2019 16:50

Don't bank on it.

Just giving my view of today's interims, take it or leave it.

But don't say you weren't warned about the forthcoming placing.

[the manini] 15/3/2019 14:31

Seems a bit more of a concerted effort lately to scare holders on here from one or two posters. To me that's a sign that something good is around the corner. PDYOR.

[andrea152] 15/3/2019 11:08

Yes Sleveen, and today's Interim Results are exactly the same as the last set of results, so nothing new has happened since then except for the revised Scoping Study.

They are still showing the cash position at the 31st December 2018 (same as last time) and yet we are now 2.5 months further down the road and have had to pay for the Aussie de-listing in the interim period, plus all the other usual Company Running Costs, so I reckon cash is now less than AUS$100k.

Not enuf to continue as a "Going Concern", unless it is topped up very shortly. And remember, LR & MC have NONE of their own money invested in the shares of their own Company - just Options, which are simply paper confetti at this stage.

Show us the money, or the JV Laurence............. !

IMHO. DYOR. GLA.

[sleveen] 15/3/2019 10:23

Placing needed desperately.

Look at the financials forget the story.


Cash and cash equivalents at beginning of period A$ 1,272,327 at 31/12/18 A$ 360k.


Scoping study has to be paid for plus A$600k for G&A.


My guess £500k (A$900k) minimum needs to be raised.

[1redknight] 15/3/2019 09:56

Didn't read all your bs goodwill.
No relevance
On a brighter note greatful dead is topping up.
How many times has everyone topped up and came to this support group to see whether it was a good move?
I agree with you Black. Too many up the a££ of LR. Think the drop shows everyone getting their pants pulled down by LR and this board seems to enjoy it.

[greatfull dead] 15/3/2019 09:39

Your choice. Mine is to take advantage of the drop today.

GLA,
GD

[blackss] 15/3/2019 09:10

There is a very good reason why this thread has only 3 posters, question any of them and prepare to be shot down.
I have no worries here as Hedgebetter has assured me "LR however is relaxed and confident because he knows the asset potential and the approaches that have been made"..................................Apparently.

As for TOM ? LR's involvement there has meant i have no faith in his credibility here. Last one out please turn off the lights if the power company hasn't cut them off first.

[goodwill4] 14/3/2019 21:19

Forgive me if English is your second language and you just don't know more than a few words of it my friend. Thanks for the poorly worded and unrequested advice Red, however somehow you have managed to be absolutely wrong on every single count. That can't be easy. Now if your posts are not bullying, then there is no such thing as bullying. My history in here is short and has been critical of management, however I personally choose not to go into a hissy fit and launch an all out excrement attack on the good people who post here. I leave that to the oxygen thieving and totally worthless trolls who in a craven and cowardly fashion spew their poison at all and sundry.

My objective here is to gather information, share the pain, hope for better things to come and post when I am able. Do you understand that Red? Your delusional imaginations of conspiracy are just that, delusional. Upon reflection, I will not take your infantile advice and will probably post a bit more as a result of it, so thanks for that at least. To be quite honest, I don't understand your misdirected ravings and would suggest that you consult a physician about those annoying little voices in your head. I do hope that you are able to make a full and speedy recovery. We all want success and for now all we can do is hope and pray for it.... that is if you will allow it.

Best wishes and a happy future to all shareholders, and yes, including our good friend Red.

[dmxx] 14/3/2019 19:13

lol@ support group.I do sometimes come on here trying to get an insight into what is going on.I try not to comment but RK you are right people do talk a lot of nonsense on here and try and bully people like you say.It is a shame really they are just trying to be positive yet the management make each share holder on here fall flat on their face.You can tell a lot on here are getting less and less optimistic.Still no answer on funding.Any suggestions from this lot is pretty much pointless.They have nothing to contribute apart from what they would like to see in an ideal world.Purely not going to happen.Can keep wishing though but posting it on here is not the answer.I think it is best to contact the BOD and express how much of a shambles and a pigs ear they have made out of this.

[1redknight] 14/3/2019 18:55

The amount of s#!++y nonsense you've put up on here and LSE you and your spoons are the keyboard warrior.
Your history of comments and bs along with the rest of you trying to bully people off here haven't got you or this share price anywhere.
What is your objectives here to try and rally a daft support group.
You lot got this bang on didnt you. Now all you can do is try and rip anyone who has a different opinion.
Do something more meaningful in life and just shut the ffff up.

[greatfull dead] 13/3/2019 12:22

Andrea,

You keep worrying. Worry contributes to a shorter life!

Take care,
GD

[1redknight] 13/3/2019 12:02

CB I know these clowns wont get it.
Andrea nobody is going to listen to you logical explanation. Theyre too busy being mean girls and waiting to announce Laurence Reed and Myles Campion as Prom King and Queen.
In fact let them top up. Too busy talking s£!+ and thinking they know it all. Looking through this bb and the graphs of EUZ not one of them are right.
Im going to head off now and watch something thats going a whole lot better than EUZ and the leader LR is doing and that is Brexit.

[andrea152] 13/3/2019 11:53

I am now seriously worried that EUZ does not have the Funds to continue as a Going Concern.

I shall not be buying any more shares until I know precisely what the intended funding route actually is.

I think that there is a strong possibility that Toral could be bought for not very much money, by a 3rd party, with a substantial dilution for existing shareholders, which would render their existing holdings practically valueless. A published NPV or a revised Scoping Study are of no use if the company has no cash.

IMHO. DYOR. GLA.

[greatfull dead] 13/3/2019 09:02

Thats me 1,399,425.00.

My final top up.

GLA,
GD

[colinbird1] 12/3/2019 18:21

Obviously doesn't get it red. I've said it time and time again this board is for the deluded. They will try and bully everyone on here and cheer on the incompetent Laurence Reed and his side kick Myles campion. All the rest of the spoons have gone. Nobody on the Europa Metals team apart from laurel and hardy. They don't have nobody to answer the phones or actually do any work. Talk about billions underground while they work from their garden shed hoping to be as wealthy as Steve jobs and wozniak.
The introduction of the half @ssed scope was the icing on the cake, when these slapstick comedians should have known asx restrictions. That was after the announcement of figures wrong from 16mt to 19mt back to 16mt.
JV NPV and all the false b's aside this going nowhere any time soon. One to be shelved not like these lot on here who will watch this all day everyday trying to boost or pump Laurence and his sidekick. Think they're to blame to for the slack management by cheering his name on like Justin tooths name used to do with FCR.
Deluded and clumsy board just like the management of EUZ.

[edgein] 12/3/2019 16:35

1red,

Not looked at them in ages, still not much there to look at.

Regards,
Ed.

[1redknight] 12/3/2019 15:41

Didn't you know ed.
It's LRs new love child.
Seeing you all being smarta$$e$ on here you should have known that.
Like I said almost all of you are full of 5#!+

[andrea152] 12/3/2019 14:12

NPV was encouraging and the Project Economics of Toral would make sense - PROVIDING, they can get Funding to Continue or have arranged a JV with a 3rd Party.

We still don't know if the latter has happened as yet, or not - hence the share price is where it is.

I'd have thought that if they HAD Funding , they wud have announced it at the same time as they announced the Full SS Report ?...............Still God, and & AIM Mining Co BOD's work in strange ways.

IMHO. DYOR. GLA.

[edgein] 12/3/2019 14:01

TOM wow there's one that goes back a bit. I see they're still not really doing anything of note, I'm surprised they didn't go the same way as CAZA et al years ago. You think shale oil is the place to be with the current oil price? At least EUZ has a great asset.

Regards,
Ed.