We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Shed is probably on the pay roll as he's been here for years. Always pointing out interesting things that amount to jam tomorrow. EUZ will go into administration before long but only once Myles and co have taken every last penny they can out of it. I wonder how much work they do per month for their salaries? A morning or two? Maybe? Lifestyle company and always has been. Never produced anything for share holders. Never. Nor will it.
So after 5 years of Toral Jed just hope to get his money back + £30 to cover trading costs ? says it all really...meanwhile Shed has been waiting for 3 months for the TOD-044 results and no one knows if they even got a MLA in last week ?
This is exactly why the SP is where it is.....
Hey Jed appreciate the humour from a holder but as I'm sure you know they're not drilling for fun. As we all know going for maximum certainty in the central mining zone before the PFS. Speculation alert! Do Denarius want a bit of 'measured', possibly. Slightly more interesting is that on limited info I reckon that recent assays have thrown a curveball and they're being reexamined - which explains why TOD-044 which we know was at the lab mid May hasn't been made public. Could be good or bad, wasn't it ever thus with EUZ?
My bad, apologies highside!!!
I'm hoping my bad humour cheers everyone up, I do need EUZ to succeed, even to the point where I break even.
Fingers crossed the next RNS starts the move upwards even if I profit £30ish that should cover trading fees for buying and selling.
Good Luck to Us!!!!
Jed
You just let the cat out the bag...
EUZ has been mining Toral for years, they just did it under the pretence of "just drilling holes" :-)
On LinkedIn a post, it is said news is coming about present drilling campaign and plans about the immediate future.
I hope the now expected RNS does not say that Toral has collapsed on itself due to being perforated away due to the excess drilling!!!!
Maybe they will say they will find it much easier to mine as Toral has been turned into one gigantic sponge.
With my luck they will announce another round of drilling as they have not worn out as many drill bits as expected so they are going to carry on drilling, then maybe next year a mining licence.
Good luck to us all I say.
Next year we will all be ...........?
On LinkedIn a post, it is said news is coming about present drilling campaign and plans about the immediate future.
I hope the now expected RNS does not say that Toral has not collapsed on itself due to being perforated away due to the excess drilling!!!!
Maybe they will say they will find it much easier to mine as Toral has been turned into one gigantic sponge.
With my luck they will announce another round of drilling as they have not worn out as many drill bits as expected so they are going to carry on drilling, then maybe next year a mining licence.
Good luck to us all I say.
Next year we will all be ...........?
CHRI5P I do think an RNS just making the situation clear would be in order. As you say they have stated there is a 31st July deadline so really there ought to be clarification should that pass without news that the MLA is in or not. As I said before if they do need more time I can't see it being a problem but I believe they should confirm that with the market.
Dont take it so personally ..lol
You said the MLA had to be in within 6 weeks, simply pointing out that six weeks is up Monday.
Just because you look to pull my posts apart doesnt mean others do the same to yours , that would be a little childish.
We have a RNS saying the MLA is going in so do we need one to say it is in. Maybe an operational RNS is required. If it is not in then IMO we should already have had a RNS
Sorry CHRI5P hadn't seen that when making my last post which was replying to 08:32. I agree that it could do with being cleared up along with whether we need an extension to the MLA deadline, I don't think they can let it pass without a statement of some sort. If we do it won't be a great look as in the spring it was announced as being on course but I guess a lot of the archaeology and environmental reports require third party experts so we could be waiting on something. Of course like everyone else I don't know but I would expect the Junta to react supportively if we do miss it.
Not sure what the point of that is but I have absolutely no problem standing by the post from June - everything I stated as fact is in B&W in the announcements. The matter of whether the PEA will be included the MLA was speculative hence the use of 'suspect we will' (suspect: "to imagine to exist or be true, likely, or probable") and the conditional tense 'could be'. As we have more recently discussed it now looks more likely the PEA will include current drilling so cannot be in the PEA, just the other day I concluded that any PEA issued now would have to be based on our own Nov 22 Jorc in June I was leaning the other way, I also remember saying before the confirmatory drilling began that it was difficult to see how they could complete 7000m of drilling get it assayed and JORC'd in time for the MLA. News of two drills and 24hr drilling suggested they were in a hurry and partly lead to what I said in June. Anyway if the purpose of reposting what I said was to reflect badly on me then I think it has completely failed for all the reasons above.
Shed I don't know when the PEA will be completed. Denarius could have easily done one for the MLA on the old data and it would have been RNS'd but this would be out of date considering the £4 million we have to spend mainly on Toral over the next 3 years. I think a podcast from Myles is required to fill in the gaps concerning the PEA/MLA. All we definitely know is a PEA is part of option 1.
RE: Topped up again16 Jun 2023 22:22
Six weeks until ML application deadline. Will we get the Denarius' new PEA before then? Suspect we will as the conditions include a near PFS level of economic report. That could be very interesting as a lot of work including JORC upgrades have been completed since our own PEA.
Sounds like 3/4 years worth of work. As long as I get my 8p by then :)
My timetable shed:
Confirmation drilling started and MLA in
Confirmation drilling results RNS'd
MLA agreed
More drilling on Toral to increase the block and applying for an exploration license for Antonina
PEA done for Toral - the later the better if not being used for the MLA
£4 million spent, MLA agreed and PEA done
Option 1 complete
To be honest CHRI5P my opinion is that if the new PEA is a requirement of the MLA it would be based on the last EUZ Nov 22 JORC as a JORC on the current drilling is some way off, so I genuinely don't know. If by 'extension to the area' you mean enlarging the block model I'm certain that's not happening for now, certainly all Option 1 drilling will be within the current block model. On the MLA I don't know if the 31st July deadline was imposed by EUZ on Denarius as a condition of Option 1 or by the Junta on EUZ as 100% owners until the JV is triggered. Either way if the deadline is not met I can't see EUZ claiming the $4m loan off Denarius for $1 anymore than the Junta chucking us off the licence later this year. Not in anyone's interests, much more likely an extension of the deadline.
By the way isn't Friday the last day before the mining licence application has to be in ? or is it Monday when the SP rockets ??
Now if you had said bricks had sunk to the level of the SP here i would have understood what you were getting at.:-)
As it is you just had to attack the posters rather than defend the company and that is always a sign of someone who's on a losing wicket ( unlike the Australians ).
"
That makes sense Shed and the PEA would be on the new drilling data. We now are waiting for more drilling results and an extension to the area.
CHRI5P I'm not sure if the PEA has to be part of the MLA or not but it does say in the presentation that it requires CAPEX and OPEX calculations close to a PFS level of detail. Other requirements listed look like components of a PEA to me so who knows?
Hopefully not back to the old days. We can all have opinions and speculate on the RNS's which I might be quilty of but completely disingenuous comments need to be put straight.
I am now thinking that we would only get an RNS on the MLA if it was not applied for in time because that would be material difference to a previous RNS so I am thinking it has been submitted. However, what about the PEA? It might be that the MLA can be submitted but can't be agreed without the PEA which will follow. All we have is the RNS's and a material change of one IMO would require a new RNS.
Well I couldn't help having a bit of fun with Highside's 23:28 meltdown - I mean have you read it? But to be fair this little volley of posts started with some scaremongering based on inaccurate information which needed to be put straight. I'm not going to apologise for that.
Wow I very rarely post these days as I've kinda mothballed this stock for a few years in the hope we will reach the 8p's by 2026/2027. What's the point in bickering with each other, the focus should be on Myles and the people running this comedy club.
If we hit 8p in the next few years there will be a mass exodus of LTH selling to break even and saying goodbye to EUZ. Well that's if EUZ can last that long :)
BricksSA sorry for the comparison it was a bit below the belt. No one could be so bitter.