Europa Metals Share Discussion Threads

[greatfull dead] 21/5/2019 13:01

Oh, I was well aware of that Black.

I do not understand why your still here. You have lost money here, and I presume you do not hold.

Why do you post here now? Out of spite!!!

ATB,
GD

[blackss] 21/5/2019 12:27

We have successfully raised £1m with a placing of 10 billion ? :-)

[greatfull dead] 21/5/2019 12:05

any guesstimates on next rns???

gla,
gd

[knowing] 20/5/2019 11:31

Large volume today.

[hedgebetter] 17/5/2019 11:34

It’s in excess of 40000m drilling :-)

[edgein] 17/5/2019 08:22

Knowing,

You never know, free float isn't as big as it could have been now that we've new insti's on board. Certainly always had the asset for it, since they got toral anyway. The new assays into the high grade core is likely to bring in fresh blood for sure as they've a heavily drilled well advanced project for their tiny cap. Valued similar to an explorer with no reserves and doing early exploration, whereas the reality is 16Mt of high grade zn/pb with over 30,000m drilled lots of cores taken and an NPV behind them with an impressive $110m. Now conducting reserve upgrade drilling and then DFS, it was oversold on the SS release and its even more so now. I guess why the Geemans saw this as a bargain. 14.5% of the company or around 1.7bn shares weren't bought on a whim the 1.5-1.8m market cap made them look like easy money going forwards. Obviously high risk vs high reward but the upcoming drill results into the high grade core and eventual feasability makes this one still compelling given the cap. These were at £6-9m before the SS release.

Regards,
Ed.

[blackss] 16/5/2019 16:15

"You see those selling out then doing the dooms and gloom stuff to justify their capitulation."

What exactly did you expect Hedge, people selling out while extolling its virtues ?
As for capitulation...lol 8years and £50k down... yup you could say i capitulated in the end i suppose :-)

[knowing] 16/5/2019 14:33

Suppose there could be a large spike with some good news

[hedgebetter] 16/5/2019 14:24

You see those selling out then doing the dooms and gloom stuff to justify their capitulation. It’s not a good look IMO.

[edgein] 16/5/2019 08:00

Hedge,

Agreed fella, too many get hung up on their losses and just can't let go after they sell. Good luck to them on their future investments I say, they'll be happier elsewhere I hope. That 23% makes almost half of the last placing with institutional shareholders which now includes management and there may be others lurking below 3% too. That German investment company didn't buy 14.5% of the company for charity or fun, they did so to make money. Given the minute market cap now that looks highly likely. This project has already over 30,000m drilled and SS done so its advanced compared to most small cap mining projects. Next step is reserve upgrade and DFS then farm-out or sell. The NPV and IRR are pretty solid and the 4% cut-off says it all really about how high grade it is.

Regards,
Ed.

[hedgebetter] 15/5/2019 19:06

I read something several months back about when selling up to do so with class. Good advice IMO.

23% owned closely IMO. This will increase is my forecast. The TR1 which came late is an example of how some have been playing the game better than others - frustrating for retail PI’s but that’s how you make money I suspect - taking shares off frustrated shareholders who capitulate. We have been played and we all need strategies to combat game playing.

[edgein] 15/5/2019 15:18

Manini,

Fair do's fella. I tend to follow the money, we know the asset is exceptionally high grade in this underground core. So I followed the money. This was one of my smaller holdings, its still not that large compared to others but I thought the time was right after the placing. Now around £1m in cash, cost less than half that to do the last 2150m here. A couple of holes get the metallurgy done, reserves upgraded and bob's your uncle take it from there. Also if Mr Bird wants this one for JLP an asset like Toral won't be cheap, so my target is to make money not claw back money so have a very realistic average here now. pre-SS no large holders, post-SS now around 23% (those that we know about), maybe some more hiding below the 3% area too.

Regards,
Ed.

[the manini] 15/5/2019 15:04

I've certainly been keeping a close eye on goings on of late and feel a lot more comfortable than I did a couple of months back. I don't often average down. I may make a rare exception here but haven't as of yet...

[edgein] 15/5/2019 14:46

The manini,

Yes looks that way. The Geemans didn't take 14.5% of the company on a whim, now we have an investment bank holding around 6% as of yesterday. In the rock bottom placing management got their first holding up to 2.2% so there's about 23% of the issued shares accounted for. We were at £6m cap, eqv 0.05p before the scoping study, now £1.8m even though the SS was very reasonable. Perhaps Sleveen was right and this is being lined up for JLP. They'd then have assets that weren't in a Pariah state. South Africa is quickly becoming the next Zimbabwe. The EFF taking votes from the corrupt ANC, I'm sure foreign investment is queuing up to get in there! lol Toral is a quality asset in an investor friendly country. I hope you followed the money after that cheap placing, if you can't beat em join em. I've now x3 my previous holding and may increase that to x5. If JLP were to bid $15m+ once we're up to indicated who knows the Geemans might even accept that. Not bad for a project with a current NPV of $110m, more when its in production of course.

Regards,
Ed.

[the manini] 15/5/2019 14:31

My thoughts exactly looks as if the last few stale bulls have left the building. Onwards and upwards!

[edgein] 15/5/2019 13:50

Well its already started. I guess that's why there's more insti holders now. Looks like they're going fairly deep on the first hole compared to the existing holes on Toral. Could throw up some surprises and decent grades. Quite ambitious to use a 4% cut off as many mines out there are below that. Good to see the action starting again here. Pity some have felt the need to sell at the bottom.

Regards,
Ed.

[andrea152] 15/5/2019 11:00

I'm afraid Black is correct.

Shareholders will not make any money from Toral, due to endless dilution and poor management, with the chief protagonist (LR) constantly refusing to put his OWN money into the company (just as Justin Tooth refused to). That says everything.

This will be further diluted out of sight, then one of the Big mining boys will pick up the asset for practically nothing.

Sorry to be so negative, but I too am out, after a long and painful 8 years.

IMHO. DYOR. GLA.

[edgein] 15/5/2019 07:32

Interesting, an investment bank takes around 6% of the company.

Regards,
Ed.

[greatfull dead] 14/5/2019 17:42

looks like it.

gla,
gd

[edgein] 14/5/2019 16:49

So you are still in then.

Regards,
Ed.

[edgein] 14/5/2019 12:56

Yes it was poorly handled that's what I said above, being blocked by the ASX was a fiasco as the SS was quite good. For Toral to have a $110m NPV vs a £1.8m market cap is very good, also IRR at 24.4% is fine too given the size of the asset as is the 15 year LOM. Looks like it 100% justifies development, but they'll know more on the eventual DFS. The fiasco over the release of the SS (the important bits left out until it could be re-issued in March), that and the fact that they needed money and left it for ages. Should've looked to have raised money just after they finished drilling before the SS. I've seen many oil and gas companies raise before or during exploration wells to be on the safe side. If an exploration jv wasn't forthcoming they should have raised then. They now have the opportunity to pull this one out of the bag by getting good assays from the drilling and get a decent portion of that inferred up to indicated. Then the possibility of a development jv after the metallurgy/feasability. I guess that's why you're still in.

Regards,
Ed.