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Both objectives of the latest drilling campaign were achieved via holes TOD-022 and TOD-023, where new significant intersections were identified, and the Company believes that the results of this limited but effective campaign will enable the independent JORC (2012) Inferred resources to be upgraded to the Indicated resource category.
But no increase in resource levels?
As they found new intersections and this very likely will increase the 4resource figures!
Looking really really good!
I noted also that there was no "is pleased to announce" just "announces"
Hi Bobby, I prefer them to not overplay it. We’ve seen it on many occasions where the bod are overjoyed with excitement in the RNS and a few months down the line everyone gets screwed. They seem to be doing the right thing here and by having a quick read, it seems to be going well. Next few weeks will be key imo.
I will let the number crunchers do their thing. As a holder clearly I want this to do well but feel underwhelmed.
There’s no pleasing some people - LR and co just can’t win. Absolute professional update. More meat will be explained at the investor evening.
The “pleased to announce” means nothing to me. Seen it on countless occasions and nothing comes from it. I prefer them to state it when there is something substantial to quote rather than just have a play on words.
3Stripes that will be done independently by AMS - Max it will be more like four weeks for JORC
agreed!
It's sometimes prudent to take note of wording, but in EUZ's case the last drilling result RNS of 2nd Sep didn't kick off with any sort of 'pleased to announce', it just rolled right into the drill results. The only reference to being 'pleased' about anything was the later statement which expressed pleasure at being able to send samples off for testing. But it didn't open with any grand overtures. Earlier ones have expressed pleasure but again, not necessarily up front until the CEO statement. They're perhaps done being pleased and are now onto the nitty-gritty stage of working out what they have.
Mystic megs back fight on cue - tit.
@Mohh. I wouldn't be surprised to see Rns stating D.B have exercised warrants and therefore have not reduced stake.
Onwards and upwards......
IMO DYOR GLA
It’s peoples prerogative if they don’t like the results/RNS but you have to give reasons to why. Personally, I’m ok with where this is heading. Time will tell if we make good money from it but nothing to suggest otherwise at the moment.
Yes, very prudently they haven't used that phrase in the campaign at all even after 023 when they were bubbling with enthusiasm in online comms (for which I think they may have had their knuckles rapped). Very deadpan and professional, it's hilarious that some on here would be buzzing if the numbers that they don't understand weren't as good but they simply had a "Delighted to announce" in the standfirst.
Yes, it might be four weeks but there is enough information to start making plans and start getting investors/ partners and potential buyers interested
With the investor meeting on Monday, this information our may allow the BOd to share more and answer more of our questions!
This is extremely positive, IMO and think that there is a good chance that the JORC will show an significant upgrade, with new intersections! This is what I have taken from the RNs!
Bobby, you seem to have been here a while so it’s worth getting your opinion on this rather than the day traders doing their normal thing. Why are you underwhelmed by it?
BoobyBeal I feel completely underwhelmed by your post.....
Perhaps like myself cannot interpret the numbers so have to go by the intimation of the wording. Inferred to indicated is definitely positive, good enough to mine again positive but was looking for clear signs of further Increases and those surprises. Holding
Honestly, try being in GGP. They have world class monsters but have been known to release scant detail on results of drills. It ****ed a lot of us off at the time. Some companies are cagier than others though.
There are still risks and anything on AIM is a gamble rather than a given. That EUZ even have a mine worth anything is a positive alone. Most companies don't even get this far.
I wouldnt like to see a bad RNS this stock is a laughing stock
Bobby, perhaps you have focused on the only line in the whole RNS that can be considered as flat, everything else is absolutely what we all wanted to hear. There is an clear route to market explained fir us, with data charts to prove it if someone can work it out (not me unfortunately). Personally I found this update to be highly professional and most positive. GLA.
Let’s hope these figures are around the corner but I do understand that if you have been here for a while then these updates are not game changers and you may have heard similar things previously. Personally, I believe that this is heading in the right direction and the stewardship seem to have decent form with other companies but then again I haven’t been in as long. Time will tell but good luck to all
Pity the SP doesnt share your opinion
That’s the problem with these forums, we start exaggerating outcomes. I’m happy that the results support the initial reasons for the campaign.