Europa Metals Share Discussion Threads

[blackss] 24/7/2018 19:16

I wonder how many people that paid up to 20p a share here ever thought they would be pleased to see a tenth of a penny today ?

[spec7] 24/7/2018 12:53

Agree with Hedge
You need 51% force a vote on a buy out and 75% to force it through which is why i say with no major holders and thousands of small holders it would be hard to get hold off 51% without the share price going through the roof.

[shirley83] 24/7/2018 12:15

News about drill coming

[hedgebetter] 24/7/2018 11:51

Incorrect. Any resolution to sell off a company would need to be put to the shareholders. The board can make a recommendation To the shareholders but that is as for as it goes.

[andrea152] 24/7/2018 11:38

They make an offer for the Company, the Company produce an RNS, the BOD make a decision as to whether to accept the deal or not. (without having to put it to Shareholders). The Company is sold for the price offered by the trade buyer.

In reality, a decent BOD would canvass Major Shareholders , as to whether or not the offered deal was acceptable to them, but in EUZ's case , there ARE no major shareholders - apart from Colin Bird that is !

Not saying that is definitely going to happen here - but it COULD do ?

It's more likely that an interested party would approach the BOD with a view to setting up a JV , or a Farm- In/Out Deal. That would be a far more Equitable outcome for Shareholders. They will also probably need to sign 3rd Party Offtake Agreements with an End-user, or distributor , at some point (who may well be the SAME as the JV Partner, if LR's recent VOX Statements are anything to go by ?).

Also worth remembering that more than half of the Company's Shares are still held on the Australian Stock Register !.............

IMHO. DYOR. GLA.

[spec7] 24/7/2018 11:03

How would that work though Andrea ,I think a trade buyer would struggle with the shares being spread to the four winds here. If he started to accumulate we would know and the share price would go up pretty fast ?

[hedgebetter] 23/7/2018 17:20

Yes that’s the guy. Looks like he got burned by old FCR. Also looks like he has an interest in how EUZ are progressing. Good job LR and MC kicked the idiots out. Nice rise today!!

[spec7] 23/7/2018 16:11

Yes we are talking about the same guy,he used to post here as "alspalladium" and he was grass roots

[hedgebetter] 23/7/2018 14:09

"19,350,819 shortfall shares to Grassroots Exploration Pty Ltd (held by Alan Jenks), which now holds 77,505,870

In addition, Alan Jenks is now interested in 77,505,870 Ordinary Shares representing 14.94% of the Enlarged Share Capital."

from 2014 in the old FCR days. Given Grassroots Exploration are following EUZ on twitter I reckon they are likely to still have a holding?

[spec7] 23/7/2018 13:35

Anyone just under the threshold in FCR would be almost able to double their holdings in EUZ after dilution. Unfortunately ADVFN have deleted all the old FCR threads so i cant look back and see who the oldholders were and this thread doesnt show on the EUZ page either so its unlikely to be found by many researching EUZ.

[hedgebetter] 23/7/2018 13:05

What about that grassroots exploration guy. He / they seemed to accumulate a lot of shares but never showed them crossing the % thresholds on the way down. However, he/ they still also follow Europa Metals Ltd @LtdEuropa on twitter.

[spec7] 23/7/2018 11:51

ha ha dont mention you lost a lot of money here on FCR Andrea :) i did and now its used against me ...lol
I wonder what happened to the other big investors ? wasnt there a guy called "espinol" or something and Pat viera bought a shed load in the placing at .02

[andrea152] 23/7/2018 10:56

Soz. I must stop posting so frequently.

Just a PI who lost a lot of money on FCR I'm afraid, who's interested in Mining, along wiv a few Mates. Not paid by the company, or anything and defo not a MM !

Fortunately EUZ (& new Management) luks a LOT better than FCR !

Spec, I think UR right. That COULD happen. I've always wondered if that Ed Nealon declared holding was actually the correct number !? It seems very low.

IMHO. DYOR.

[hedgebetter] 22/7/2018 20:50

You sound like you are acting as an agent Andrea.

[spec7] 20/7/2018 17:24

One would hope so but he could have bought 1.7b or a portion of at 0.0575. Although the market dropped to .065 ( i think) i doubt it would have stayed there for long with a large buyer in the background. Anyway i am sure they would have declared, i was just thinking out loud how easily they placed 1.7b and Andrea's mention of an interested party..2+2=5 maybe :-)

this is what i was referring to earlier

Aperson must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:

(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments

so if the shares were issued on to the AUX he could hold 5% or 236m (if my maths is right)

[hedgebetter] 20/7/2018 16:24

1.7bn shares. If he's a real big hitter then would he not continue with his financial assessment and purchase shares in the open market comparing market cap now with his future idea of market cap in the event of a good scoping study - financial viability etc? Maybe he already has?

[andrea152] 20/7/2018 13:50

Under current AIM-Declaration rules, you still have to declare individual holders, over 3%, even within a Nominee Holding, even if they are "Abroad". Of course that's the theory - whether you can enforce that , and whether the FCA actually bothers, (unlikely), is another story. It is also very difficult to get an Offshore Nominee to reveal their underlying client - it's practically unenforceable in fact, in my experience.

I had a long-term big-hitter lined up as a possible taker for the last Placing (1.7m shs), but they didn't even get a phone call from the BOD, or the Company's Brokers - probably because TPI knew they could cover it themselves and make lots of lovely commission on it, as well as a bit of short-term Moolah for their clients !

Lets hope that the money they raised from that last PLacing gets them all the way through the Scoping Study, as another placing before then, would NOT be good news. They should be OK.

IMHO. DYOR. GLA.

[spec7] 20/7/2018 10:51

Thanks, just wondered if an "interested party" might be accumulating in private. Looking back on it they seemed to have absolutely no problem placing 1.7billion shares at will, that might have been easier with a couple of large buyers (with an interest in funding the scoping) than dozens of small pi's however as i say no one declared although i think you can hold 5% or 10% abroad without declaring but i may be wrong

[andrea152] 20/7/2018 10:27

Spec - I think they just placed it out with the Retail Private Clients of Turner Pope and THEY are effectively funding the Scoping Study.

They are also the likely constant sellers in the market, at present.

China definitely interested in different global sources of Metals, as alluded to by LR's "Squawk". They are fed up with African corruption and clearly (& rightly) don't trust the Yanks and have Self-Protection Issues with the Aussies, so Y not look at Europe, post-Brexit ?

IMHO. DYOR.

[andrea152] 20/7/2018 10:21

Heads up for anyone who didn't notice that BKY listed on the Madrid Bourse this Wednesday and stock went to a 52% premium to their London AIM Listing Price.

Would be more useful than a secondary listing on the JSE Market, to EUZ I feel ?

Apparently that makes BKY the only listed Spanish Mining co on the Madrid Bourse - which I find amazing really.

IMHO. DYOR. GLA.

[spec7] 19/7/2018 19:08

Hedge...you have a short memory :-)

If you post links with HTTP in capitals ADVFN will not auto alter it to hxxp and your links will work like this

[hedgebetter] 19/7/2018 14:13

hxxps://youtu.be/4IiL9DkWGjo - some interesting comparisons.

[hedgebetter] 19/7/2018 11:41

LR worked for Mineral and Financial - previous owners of Toral - as you say.

If we knew who has visited the Toral site as third party interest then that would help. But we have zippo chance of getting that out of the EUZ guys and rightly so.

I suspect that third parties have had some input to the drill plan as part of their due diligence.