42 replies to this topic

[Shi]

Interesting SENS out - EUROPA METALS LIMITED - Trading price increase and Toral project update

https://www.sharenet.co.za/v3/sens_display.php?tdate=20200730080000&seq=16&scode=

[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....

My humblest apologies well done. 

There is none so blind as those who WON'T see....

Cheers.

[soutie]

https://www.lse.co.u...Metals-Holdings

 

Enough info here to help you out....

[soutie]

https://www.share-ta...ean-union-body/

 

Maybe this has something to do with it.

May have to eat my hat with this 1...

[andi222]

I don't understand what on earth is going on here lol. No one wanted to buy this at 1 cents. there where billions of shares on offer. Now people are buying at 8 cents. 

 

Can someone please explain this to me? 

[andi222]

As per SENS this morning, looks like some brokers didn't apply the consolidation. Not surprised.

 

Haha damn some people must have thought they have won the lottery. Was also surprised that the volumes traded where higher than the actual shares in issue.

[Shi]

As per SENS this morning, looks like some brokers didn't apply the consolidation. Not surprised.

 

 

TRADING HALT

 

The JSE has declared a trading halt in terms of its trading rules in Europa Metals Limited (the
“Company”) shares. The JSE has halted trading in order to assess the impact on the market of potential
settlement issues arising from certain transactions in the Company’s shares on Thursday, 16 July and
Friday, 17 July 2020. The trading halt will be lifted once the JSE has identified the parties that may be
impacted by these settlement issues and those parties have been advised accordingly.

[Shi]

Share consolidation of 500 for 1  ... never a good sign for a company

 

How long before it starts falling after consolidation!

 

Consolidation day, and share price is in the 20s (cents that is) … Wow !!

[SB45]

Colin Bird

[soutie]

Simply another way to pay for services via scrip.....they only got money for salaries & where suppliers want cash everyone else must buy into the dream.

Also anyone not holding more than 1000 Sterling gets the boot. All dressed up to reduce overheads & comply with AIM rules etc....Think Jubilee...

Rinse & repeat....

[Shi]

Share consolidation of 500 for 1  ... never a good sign for a company

 

How long before it starts falling after consolidation!

[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...

https://www.moneyweb...f-joint-broker/

 

I believe reading the above control has just been acquired by these funders for 960k sterling.

Holy cow....How did that happen...?

Same old Same old Colin Bird modus operandi....

[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.