Europa Metals Takeover Rumours (EUZ)

Europa Metals Chart

Europa Metals Takeover Price

Europa Metals Takeover Forum Posts

Edgein, what is management's strategy here? Is it to be carried through to production or sell out after the DFS. I'm assuming there isn't a takeover bid.
So when is the Placing /Consolidation coming ? It's inevitable. DB then get a larger slice of the action and possibly, just possibly make a low-ball takeover offer for the entire Co. That, at least would be an end to Euz's suffering and LR can exit with at least a little kudos, although he has presided over a pretty spectacular fall in the Company's SP since becoming an Exec Director. Investors expecting to buy holiday homes off the back of this share, are, I'm afraid, going to be disappointed, as always with AIM. IMHO. DYOR. GLA.
No takeover then.. Watch this drop today
Manini, Well the SS is very detailed and it came back with good numbers. The company is significantly oversold. When they're this low they're always vulnerable to a cheap takeover and going through the ML application process would make them more so. They're valued slightly above £2m at the moment and the NPV is $110m and even the 70% discounted price target is almost 0.1p (that'll derisk on getting indicated according to the broker). I haven't found another lead/zinc mine that can match the high grade core of Toral, the cutoff that EUZ are using of 4% would be commercial at most other mines. So yes it makes them even better value to be starting the ML process and shows how serious they are to engage with both the local authorities but also the local community to promote the benefits of a developed mine. Regards, Ed.
LR previously quoted the CAML purchase of SASA as a benchmark for takeover valuations.
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