30 replies to this topic

[soutie]

@ Matrix.

That's the difference you're being emotional & with tickers like this sometimes that's all there is.

Ask yourself if you hadn't jumped in with an initial R210k would you be so defensive.

Point is your thinking is emotional & not rational or pragmatic in any way.

Granted you're pissed but hey embarrassment manifests itself different in us all.

The market is a cruel place accept that & move on...Next time more due diligence less feeling.

Over & out dude...   

[Matrix]

The removal from Oz & subsequent transfer to the ALTX here is to slow the cash burn via statutory listing requirements.

View it as George Lucas directing "days of our lives" in his twilight years or you could get all excited & the pump is on again...!

Come on guys take a step back here there isn't a bid on the board what does that say...? 

I urge you to dig a little around Colin Bird's history & show me 1 project he delivered on while his hand was on the tiller. 

I  haven't looked but I presume the LSE thread is alight with speculation & HOPE...!

Cheers & good w/end to Ya

 

Thanks for the unemotional input soutie.

 

I agree that the risk is very high, and it's good to take all into consideration.

It will be interesting to see the economics if published.

I do not expect this to be a game changer as any potential big investors would have had access to this already.

 

Good weekend to all!

[soutie]

The removal from Oz & subsequent transfer to the ALTX here is to slow the cash burn via statutory listing requirements.

View it as George Lucas directing "days of our lives" in his twilight years or you could get all excited & the pump is on again...!

Come on guys take a step back here there isn't a bid on the board what does that say...? 

I urge you to dig a little around Colin Bird's history & show me 1 project he delivered on while his hand was on the tiller. 

I  haven't looked but I presume the LSE thread is alight with speculation & HOPE...!

Cheers & good w/end to Ya

[Matrix]

@Matrix, I'm also clueless on how the move to AltX will affect the company, but I don't think they'll be any negative impact on the share.
I feel bad for the Aussies who were willing to weather the storm with this company, who are now forced to sell their euz shares. (I hope they(management) don't do us dirty, like they've done the Aussies).
The positive is the release of the economics report, moment of truth for euz.

 

Hi Blackobar,

 

I know very little about this, but from the SENS it doesn't seem like they have to necessarily sell, although they cannot trade on ASX.

Herewith the section:

 

Following the Company’s removal from the Official List:

1. Australian Shareholders will have their CHESS holdings converted to the certificated sub-register on the Australian register (which will continue to be maintained on Europa Metals’ behalf by Computershare Investor Services Pty Limited). This process will occur automatically, and no action will be required by an Australian Shareholder. The sub-register will be treated as unlisted and accordingly the securities held by Australian Shareholders will not be able to be traded on the ASX; and

2. inordertotradeEuropaMetals’securitiesonAIM,AustralianShareholderswillneedtoconverttheirEuropa Metals shares into “depository interests” to facilitate trading via CREST. CREST is a UK computerised paperless share transfer and settlement system which allows shares and other securities to be held in electronic rather than paper form and transferred otherwise than by written instrument. CREST is a voluntary system and those who wish to continue to hold their Europa Metals shares on the Australian register, will be able to do so (although this will preclude the holder from being able to trade those Europa Metals shares on AIM); or

3. Australian Shareholders wishing to hold or trade Europa Metals’ securities on the JSE will need to arrangeto have their ordinary shares repositioned to a broker or Central Security Depositary Participant (CSDP) in South Africa that is suitably licenced to hold or trade securities on behalf of Australian residents/entities.Information on JSE brokers is available from the JSE’s website at: www.jse.co.za.

Looking forward to March to hopefully see the full SS that we were note previously able to view.

[Blackobar]

@Matrix, I'm also clueless on how the move to AltX will affect the company, but I don't think they'll be any negative impact on the share.
I feel bad for the Aussies who were willing to weather the storm with this company, who are now forced to sell their euz shares. (I hope they(management) don't do us dirty, like they've done the Aussies).
The positive is the release of the economics report, moment of truth for euz.

[Matrix]

SENS out: EUROPA METALS LIMITED – Application for Removal from the Official List of the ASX and Proposed Move to AltX from the JSE Main Board

 

Delisting from ASX seems great as they can then publish the economics of the mine.

We'll still need a partner and finance, but it's a move in the right direction.

 

Anyone know if there's an trading impact on us South Africans if a company moves to the AltX from the main board?

Seems to me at first hand as if it will have no hindrance on our trading? - Is this correct?

[soutie]

Hi Matrix.

1st off sorry that you've found yourself on the wrong side of this & your "investment" hasn't had the desired outcome.

If however you re-read my post I did not name names I only conveyed my opinion after seeing 16mil shares traded that day.

Some of your posts contain " Definitely has potential"...."Actually a no brainer"....& yeah so what when you add "do your own research" I fully agree with you.Take it or leave it.

Now examine the facts was trading at 3c prior to the scoping study (the game changer event) lots of chatter & granted most of it being influenced by the followers on the LSE board.

Fast forward today no buyers this thread has fallen asleep & yeah we're looking at 1c on the board.

So please re-read my post & explain where I pointed blame or took a swipe at anyone.

Should you still feel aggrieved well sorry again but facts are facts....no need for research.

I don't look for 10 baggers anymore after a yo-yo ride with Sacoil so can't help you there.

Cheers.

Soutie.  

[Matrix]

We all done here with the scoping study pump...?

16mil dumped today @1c so the dump is most def on....

Well done to those that pumped & dumped onto the now holders of absolute ****.

Be careful of people appearing & discussing only 1 share without engaging in the forum as a whole especially when a game changer event is on the horizon for said 1 share.

Buyers disappeared along with the pumpers.....

Sad....     

 

Hi soutie,

 

I do believe that your advice is generally valuable, but not relevant if aimed at this thread.

I also assume you are referring to me wrt "appearing & discussing only 1 share" as I am the one that started this, shared the "opportunity" information and am not involved in many other shares.

 

Pump and dump refers to someone generally buying shares cheap, creating hype to raise share price, selling when it's high and getting out.

I truly believed in the opportunity with this share, and the asset is indeed still there although incredibly poorly managed.

When I started the thread I bought 7million shares at 3cent, i.e. R210k and believed this to be great opportunity.

I decided to share my views and the information available on here.

 

I did specifically mention in my original post, in bold and underlined, that it is high risk.

In a subsequent post I also included a caveat that I'm a newbie, previously also believed in Steinhoff and everyone should do their own research.

 

I sold nothing.

Subsequently due to poor management of this asset, share price fell to now 1cent.

I've sold 3million at 1cent and made a loss of R60k, holding on to 4million hoping for a purchase offer on the mine, or JV to get to mining.

Hence if referring to my posts in your comment it's not relevant as I provided many caveats, have been badly burned on this and did not dump at all.

 

This thread actually had nothing to do with pump and dump as price has only fallen since starting this.

The biggest "pumper" of this share was Laurence Read on his podcasts and with his "slingshot" promises, which ended up being BS...

But then again show me a possible 10bagger with low risk, not very likely.

[Blackobar]

Totally agree SOUTIE, this share has alot of pump and dumpers, especially in the UK. The company management is straight doodoo / trash too. I tried warning some investors or potential investors in this company, to do due dilligence before buying. On here I even made an example of Justin Waite from the vox markets podcast, a serial pump and dumper.

[soutie]

We all done here with the scoping study pump...?

16mil dumped today @1c so the dump is most def on....

Well done to those that pumped & dumped onto the now holders of absolute ****.

Be careful of people appearing & discussing only 1 share without engaging in the forum as a whole especially when a game changer event is on the horizon for said 1 share.

Buyers disappeared along with the pumpers.....

Sad....     

Edited by soutie, 17 January 2019 - 03:31 PM.

[Blackobar]

Matrix, do you follow Justin Waite's blog? He has punted EUZ for a 10 bagger

Justin Waite is a well documented Pump and Dumper, his recent pump and dump being this share euz. He pumped it up before the study results came out, hyping them and everything, and then silently sold days before they were released, & never spoke about it not even to his followers.
I know/trust you guys do your own research too, I'm just saying don't let Justin cloud your judgement or try sway any opinion you have.

[birdman]

The Markets were not happy with the Scoping Study.  How do you get the co-ordinates wrong with our modern technology? Have they not heard of measure twice and drill once. Lost 3 m tons of ore.

[Blackobar]

@ Blackobar I don't know if you've gotten your answer yet, apologies for late reply.
Due to technical rule of ASX they were not allowed to publish the economics.
They first need to prove up at least 60% of resource from inferred to indicated.
This is available to potential investors and will be circulated to them, but will only be available to public once above condition is met.

There is a great resource/asset here if you look at the amount of metals in the ground, the area located in and that it's 100% owned.
Management has really let investors down a bit.
I'm really hoping they'll turn things around and either start mining with a JV or obtain a good sales offer for it.

Thanks @Polly and @Soutie for the info on Colin Bird.
I was not aware of this but after reading up a bit he does not seem like a good party to be involved.

They should have alerted shareholders about that asx rule on time dont you think Matrix ? The Resource is there and that's a positive. The thing about this company euz/fcr, is that the management has a bad history, I.e Justin Tooth. The market has little trust on these guys to deliver, they've let down their shareholders over and over again(even though alot of changes have been made in management) , so when there's anything that comes across as vague to euz shareholders they won't hesitate to dump the shares because of company history. Right now people are holding because of the high quality resource the company is sitting on, otherwise management can't be trusted or isn't trusted. A potential capital raise is on the cards too, and that sucks because people don't have the economics report.

[Matrix]

@ Blackobar I don't know if you've gotten your answer yet, apologies for late reply.

Due to technical rule of ASX they were not allowed to publish the economics.

They first need to prove up at least 60% of resource from inferred to indicated.

This is available to potential investors and will be circulated to them, but will only be available to public once above condition is met.

 

There is a great resource/asset here if you look at the amount of metals in the ground, the area located in and that it's 100% owned.

Management has really let investors down a bit.

I'm really hoping they'll turn things around and either start mining with a JV or obtain a good sales offer for it.

 

Thanks @Polly and @Soutie for the info on Colin Bird.

I was not aware of this but after reading up a bit he does not seem like a good party to be involved.

 

[Polly]

Looks like an exciting greenfields project but for the fact that Colin Bird is now chairman....

He will pay the stationary supplier in script if he can.

5 billion in issue & counting...

Did the same at Jubilee & now trying to fold a bankrupt Breamore into it...

Always an interesting ride with him around the boardroom table.

Lots of luck going forward...

 

Fully agree with the Colin Bird history..all talk no action....

[soutie]

Looks like an exciting greenfields project but for the fact that Colin Bird is now chairman....

He will pay the stationary supplier in script if he can.

5 billion in issue & counting...

Did the same at Jubilee & now trying to fold a bankrupt Breamore into it...

Always an interesting ride with him around the boardroom table.

Lots of luck going forward...

[Blackobar]

Scoping Study Results and Revised Mineral Resource Estimate for the Toral Project, Spain:
http://www.europamet...ltsToralProject

All looks good in the Scoping Study and Market Cap ridiculously low for the metals we have here.
Will be interesting to see the Investor Presentation of tonight.

Next in the process:
"Infill drilling campaign to convert resources to the Indicated category, metallurgical and geotechnical test work and progression to a full feasibility study"
"The Company currently anticipates that the results from its first diamond drilling campaign will be available in mid-December 2018"

Where's the economic assessment?

[Matrix]

Scoping Study Results and Revised Mineral Resource Estimate for the Toral Project, Spain:

http://www.europamet...ltsToralProject

 

All looks good in the Scoping Study and Market Cap ridiculously low for the metals we have here.

Will be interesting to see the Investor Presentation of tonight.

 

Next in the process:

"Infill drilling campaign to convert resources to the Indicated category, metallurgical and geotechnical test work and progression to a full feasibility study"

"The Company currently anticipates that the results from its first diamond drilling campaign will be available in mid-December 2018"

Edited by Matrix, 10 December 2018 - 06:13 AM.

[birdman]

There is another investor presentation in London on Monday evening. Would be the ideal time to present the Scoping Study.

[Matrix]

Matrix, do you follow Justin Waite's blog? He has punted EUZ for a 10 bagger

 

Hi Birdman,

 

Don't specifically follow it, but came across it by chance and that's where I found this lead.

The first video I shared in this thread is his explanation of the potential.

Share price is being hammered at the moment, but the SS will be out in due course.

My personal hope is a buy over in the short term.

Laurence Read did mention they have various interested parties in his Investor Presentation last week.

 

As another user puts it on the LSE thread:

"Looking forward to the NPV and comparisons in the SS in the next 3 weeks based on a100% owned 19mt 6.9% Zn equivalent JORC backed asset in Spain."