Recent Insider Transactions • Aug 18
Independent Chairman of the Board recently bought €193k worth of stock On the 12th of August, Carlo LiVolsi bought around 2m shares on-market at roughly €0.12 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €243k. Carlo has been a buyer over the last 12 months, purchasing a net total of €567k worth in shares. Board Change • Aug 18
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Member of Advisory Board Jim Rogers is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 20
Euro Sun Mining Inc. Announces the Appointment of Aaron Atin as Corporate Secretary Euro Sun Mining Inc. announced the appointment of Mr. Aaron Atin as new Corporate Secretary. As a highly experienced corporate lawyer dealing in securities law, commercial transactions and legal counsel for mining, the company welcomed the value that Mr. Atin will contribute at this important time for Euro Sun. Mr. Atin replaces Mr. Kenny Choi who previously resigned. Announcement • Apr 21
Euro Sun Mining Inc., Annual General Meeting, Jun 18, 2025 Euro Sun Mining Inc., Annual General Meeting, Jun 18, 2025. New Risk • Nov 15
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (50% average weekly change). Negative equity (-US$2.7m). Revenue is less than US$1m. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (€9.70m market cap, or US$10.2m). Board Change • Sep 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Member of Advisory Board Jim Rogers is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Aug 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.4m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-US$6.0m). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Market cap is less than US$100m (€9.57m market cap, or US$10.5m). New Risk • Jul 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.57m (US$9.30m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Negative equity (-US$5.4m). Revenue is less than US$1m. Market cap is less than US$10m (€8.57m market cap, or US$9.30m). Minor Risk Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Announcement • Jun 05
Euro Sun Mining Inc. announced that it has received $0.2 million in funding Euro Sun Mining Inc announced it has completed a private placement of convertible promissory note for a principal amount of $200,000 for a gross proceeds $200,000 on June 4, 2024. The transaction included participation from new individual lenders John Robins and James Paterson. The Note bears interest at 6% per annum and maturing on May 27, 2025. The Principal Amount and all interest accrued thereon is convertible into common shares of the Company at a price of $0.0656 per Conversion Share. Announcement • Apr 30
Euro Sun Mining Inc. announced that it has received $0.2 million in funding Euro Sun Mining Inc. announced a private placement and issued 6% convertible promissory note for the gross proceeds of $200,000 on April 29, 2024. The transaction included participation from new individual lenders John Robins and James Paterson. The note bears 6% interest per annum and matures on April 22, 2025. The Principal Amount and all interest accrued thereon is convertible into common shares at a price of $0.006 per Conversion Share. All Conversion Shares issued under the Promissory Note are subject to a hold period of four months and one day from the date of issuance. The transaction is subject to the approval of the Toronto Stock Exchange Announcement • Apr 03
Euro Sun Mining Inc. announced that it has received $0.2 million in funding Euro Sun Mining Inc. announced a private placement to issue 6% convertible promissory note for the gross proceeds of $200,000 on April 2, 2024. The transaction included participation from new individual lenders John Robins and James Paterson. The note bears 6% interest per annum and matures on March 22, 2025. The Principal Amount and all interest accrued thereon is convertible into common shares at a price of $0.045 per Conversion Share. All Conversion Shares issued under the Promissory Note are subject to a hold period of four months and one day from the date of issuance. Announcement • Mar 01
Euro Sun Mining Inc. announced that it has received $0.125 million in funding Euro Sun Mining Inc. announced a private placement to issue a 6% convertible promissory note at an issue price of $125,000 for the gross proceeds of $125,000 on March 1, 2024. The transaction included participation from individual investors John Robins and James Paterson. The Note bears interest at 6% per annum, compounded monthly and maturing on February 22, 2025. All Conversion Shares issued under the Promissory Note are subject to a hold period of four months and one day from the date of issuance. The Principal Amount and all interest accrued thereon is convertible into common shares of the Company at a price of ($0.02578) CAD 0.035 per Conversion Share. Announcement • Dec 07
Euro Sun Mining Inc. announced that it expects to receive $0.66 million in funding Euro Sun Mining Inc. announced that it will issue a debenture to certain lenders for a principal amount of $660,000 on December 6, 2023. The company will also issue an aggregate amount of 20,000,000 warrants of the company to the lenders. The debenture will maturing on June 15, 2024. The debenture is non-interest bearing and is secured against all of the assets and property of the company pursuant to a general security agreement. The transaction will be completed in two tranches, with the first tranche of $115,000 is completed upon execution of the debenture and a second trance of $545,000 is completed by December 15, 2023. Each warrant will entitle the holder thereof to acquire one additional common Share of the company at an exercise price of $0.0368395 (CAD 0.05) per common share until December 6, 2026. All warrants and securities issuable thereunder are subject to a hold period of four months and one day from the date of issuance. New Risk • Nov 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.6m free cash flow). Share price has been highly volatile over the past 3 months (84% average weekly change). Negative equity (-US$2.3m). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€7.53m market cap, or US$8.18m). Announcement • Jul 26
Euro Sun Mining Inc. announced that it expects to receive CAD 5 million in funding Euro Sun Mining Inc. announced a non-brokered private placement to issue up to 100,000,000 common shares at a premium placed at CAD 0.05 per Common Share for gross proceeds of up to approximately CAD 5,000,000 on July 25, 2023. All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one day. Closing of the transaction is expected to occur on or about August 18, 2023 and may close in one or more tranches. The transaction is subject to a number of conditions, including without limitation, receipt of Toronto Stock Exchange approval. The Company may pay finder’s fees to eligible finders in accordance with the policies of the Toronto Stock Exchange. Announcement • Jun 24
Euro Sun Mining Inc. Announces the Resignation of Scott Moore as Member of the Board of Directors Euro Sun Mining Inc. announced the resignation of Scott Moore as a member of the board of directors effective immediately. Board Change • Feb 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Neil Said was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 01
Euro Sun Mining Inc. Approves Management Appointments Euro Sun Mining Inc. at its Special Meeting of Shareholders held on January 31, 2023 approved the election of Deborah Battiston and Martin Schuermann as Director. Following the Meeting, the Company appointed Mr. Kenny Choi as the Corporate Secretary of the Company. Mr. Choi will succeed Mr. Shaun Drake following Mr. Drake’s resignation. Mr. Choi is a corporate lawyer who is corporate secretary and legal consultant to various Canadian publicly-listed companies. He was previously an associate at a large Toronto corporate law firm, where he worked on a variety of corporate and commercial transactions. Mr. Choi studied at Western University, where he obtained a Juris Doctor from the Faculty of Law and an Honours Business Administration degree from the Ivey Business School. Breakeven Date Change • Jan 01
Forecast to breakeven in 2025 The analyst covering Euro Sun Mining expects the company to break even for the first time. New forecast suggests the company will make a profit of US$12.6m in 2025. Average annual earnings growth of 68% is required to achieve expected profit on schedule. Announcement • Dec 09
Euro Sun Mining Inc., Annual General Meeting, Jan 31, 2023 Euro Sun Mining Inc., Annual General Meeting, Jan 31, 2023. Board Change • May 31
High number of new directors Independent Director Paul Perrow was the last director to join the board, commencing their role in 2020. Board Change • Apr 27
High number of new directors Independent Director Paul Perrow was the last director to join the board, commencing their role in 2020. Is New 90 Day High Low • Mar 16
New 90-day high: €0.25 The company is up 31% from a price of €0.19 on 16 December 2020. Outperformed the German market which is up 9.0% over the last 90 days. Lagged the Metals and Mining industry, which is up 41% over the same period. Is New 90 Day High Low • Feb 20
New 90-day high: €0.24 The company is up 29% from its price of €0.19 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 66% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: €0.22 The company is down 17% from its price of €0.27 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 2.0% over the same period. 
