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EMX Royalty Corporation (EMX.V)

TSXV - TSXV Real Time Price. Currency in CAD
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2.7700+0.0400 (+1.47%)
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  • J
    J
    Still can't find the actual legalese of the royalty agreement betweeen Euromax (sold to EMX) and Reservoir Minerals & Freeport (all acquired by Zijin). Is it in Edgar or SEDAR somewhere?

    EMX as Eurasian Minerals purchased the royalty from Euromax. Nevsun acquired Freeport's stake along with Reservoir the company. Zijin acquired Nevsun. Since Zijin owns both Reservoir's and Freeport's former rights, appears what it comes down to is whether a change of ownership provision was in the deal. Did Freeport's interest convey to Nevsun along with the reduction provisions or not. As a successor in interest to Freeport's stake, sounds as if Zijin is saying yes.

    EMX announced in its February 4, 2014 news release the purchase of a 0.5% NSR royalty from Euromax Resources Ltd. (TSX-V: EOX) of London, England (“Euromax”) for $200,000 covering Reservoir Minerals Inc.’s (TSX-V: RMC; “Reservoir” or “RMC”) share of minerals and metals mined from the Brestovac and Jasikovo East properties in Serbia. These two properties are included in RMC’s Timok Project joint venture with Freeport. The 0.5% NSR royalty is proportionately reduced to RMC’s interest in the properties as Freeport earns-in by making exploration expenditures under the circumstances provided in the NSR agreement. Freeport has thus far earned a 55% interest in the Timok Project joint venture.

    The Metovnica portion of the Brestovac-Metovnica property which contains the Cukaru Peki deposit is subject to a 0.5% NSR sliding royalty pursuant to a royalty agreement (‘‘Euromax Agreement’’). The Euromax royalty is currently calculated using 0.5% Reservoir ownership %. As the Metovnica property was previously owned by FMEC, who conducted geophysics and limited drilling, the NSR royalty will not apply to any portion of the property eventually owned by FMEC and will also not apply to the portion of the property that has been purchased by Reservoir through the exercise of the ROFO.
  • G
    Gordon
    I have to retract my previous thoughts here on EMX. - to the point that I actually bought back my full position earlier today. Although I’m disappointed in the recent Zinjin development, I’m still super bullish on the company. I went and revisited why I invested in the first place and none of those reasons have materially changed. In fact, I’ll be adding more if prices remain at this level or drop further.
    Merry Christmas All.
  • P
    Pete
    The Chinese are hardball players. It is up to EMX to enforce the terms of the Euromax acquisition of the 0.5% NSR. Under most such deals, the prevailing party is entitled to recover “reasonable attorneys fees.” The Chinese should be made to pay for their unfair gamesmanship. EMX shareholders should not be shaken off by these shady tactics. Read the excellent analysis posting by “J” above.
  • D
    Danny
    FYI - Cole bought yet another 5000 shares today (12/31)... That's 20,000 shares since the dip.
  • A
    A
    Every one in the sector has been saying that there are too many royalty companies chasing too few properties. I wonder it this is the end of EMX as an independent. In any event, it is going to take years or a super charge metals market to get this company to where it needs to be.
  • D
    Danny
    Go to EMX's YouTube channel and look at the comments under its most recent interview. It looks like ZiJin is just putting in a feeble attempt to get the royalty reduced but it will not happen. EMX doesn't even seem concerned (read the comments on the most recent video on EMX's YouTube channel). In fact Dave Cole just bought 15K more shares on the dip, see for yourself. I have a feeling people like Rick Rule are just buying up all the shares the weak hands want to sell to him!
  • S
    Shayne
    well now we know why this has been dropping. hanging your hat on one development is a huge risk... done with it.
  • T
    THE "GREAT ONE"
    BOYS......I LOADED THE BOAT TODAY AT 2.11......CORRECT, I BASICALLY STOLE THE SHARES !!!
  • D
    Danny
    is this a blood in the streets moment for EMX?
  • G
    George
    Here is where we stand. EMX a 0.5% NSR on Timok. Timok is expected to be the next Grasberg or Bingham Canyon and will be the largest Cu-Au mine on the European continent. Cash flow from Caserones has already started. The first quarterly royalty payment of US$974,000 was reported in Sept. I'm told that Balya is scheduled to began producing any day along with the Gediktepe polymetallic deposit, with mining of the Au Ox cap being mined first. EMX has a 10% royalty on the Au oxide cap and 2% on the polymetallic ore body. Timok is in production now as reported on their website. Obviously it will take some time for the new mines to really ramp up production to nameplate scale, but when they do, EMX will be a robustly profitable Co. The money has started to roll in with Caserones and the other three begin paying sometime in Q1 and continue to ramp up from there.
    Financing is complete. Here is the key: Everyone on the Board and everyone in Management invested and many employees did too. From the NR: "Insiders: Brian Bayley, 50,000; Brian Levet, 20,000; Christina Cepeliauskas, 10,000; David Cole, 162,653; David Johnson, 4,500; Douglas Reed, 5,000; Eric Jensen, 15,000; Henrik Lundin, 10,000; Larry Okada, 6,100; Malik Duncan, 3,636; Michael Winn, 105,000; Rocio Echegaray, 5,000; Sunny Lowe, 15,000; Tom Mair, 10,000"
  • G
    George
    Q3 earning summary.
    For the three months ended September 30, 2021, the Company had a net loss from operations of $10,866,000.
    Day before the earnings:
    President David Cole Just Bought 6.1% More Shares In EMX Royalty Corporation (CVE:EMX)

    He and other insiders bought into the company knowing there would be a $10.8 million loss... After the market digests the loss Q4 is going to shine. I think the bottom is in now.
  • A
    A
    Here's the problem with taking jurisdiction and price risk when overpaying for precious metals royalties:Turkey's Lira massively devalued since the #$%$ SSR deal, and price of gold and silver 10% lower.These two alone would have been okay, but mgt's ethically questionable deal that diluted existing shareholders while giving away cheap warrants to company and industry insiders just wreaks. IT STINKS.Not pleased with EMX.....and yes I am well up on my investment, WELL UP but I am livid with EMX mgt. for a #$%$ deal followed by an apparently sleazy one.
  • S
    Shayne
    what a complete joke of a company. Im done. Selling for a loss.
  • S
    Shayne
    starting to think this company is no different than any other miner. a sham.. and never will do anything beside spend shareholder money by issuing shares. what a joke..
  • A
    A
    The company took price risk in its recent deals....not exactly what it has a reputation for. Well, if ever there was a seemingly good time to do so, this is it. Otherwise it was pisspoor quarter.
  • A
    A
    This is sad but not unpredictable. cole buckled under the pressure to make an acquisition before he had the big prize in hand. Now, he may have screwed the company, depending upon what happens next in Turkey.
  • G
    George
    Back of the napkin math.
    50K ton copper = 110,200,000 lbs x $4.50lb = $495,900,000 USD. EMX 0.05% nsr = $24,795,000
    5T gold = 160,000 oz x $1750 = $280,000,000 USD. EMX 0.05% nsr = $14,000,000

    For a total of $38,795,000 USD for Q4!
    For comparison Q2 Royalty income for EMX was $298,000 CDN.

    That's like 130 Times increase in royalty revenue... Going to be an interesting next few months I would say. Would be nice to see the stock go up 130 Times to $468.00 :) lol
  • A
    A
    Upped the dilution. vv upset with cole. maybe soon time to go carbon neutral.
  • L
    Larry
    Question for you all... I'm a seasoned investor but Royalty companies are new to me This company is not yet profitable and doesn't pay a dividend. Shouldn't Royalty companies by definition pay dividends? Are there plans to?