Member Info for grappa

Teaye, I could take a quote from Tesla that my Model 3 has a WLTP range of 305 miles on a full charge which means a real-world range on around 260-280 miles.

To expand on below Bennelong GP's will be managing numerous funds and one or more of those funds have now directly invested in EUZ. It's an alternative way of raising funds away from the public market. They won't be providing advice on how to run your company or how to broker a JV/Sale. LR and the BOD still have to do all those things. Personally I think it's a good move as the BOD will have to answer to Bennelong whereas us as LTH he doesn't.

There seems to be some confusion here on what Bennelong do. They're a private equity company consisting of GP's and LP's and they don't provide advise on how to run your business. They provide us funds expecting a return on their investment. Comments such as "Game Changer" are very misleading. You could state a case for maybe "Our Saviour" as they are backing us with much needed funds.

Nuumptypi, totally agree that ship has sailed and voter apathy didn't help. Don't understand littleathenal argument of the broker wouldn't let me and seems more of an excuse. To me, existing holder who didn't push their vote through loses their right to moan and complain about the CEO and BOD. As you stated we have no choice but to suck it up and park it as LR is in the chair for another 12 months now (that's if we survive that long).

Your statement on putting off new investors, not one poster can do that but what the tumble weed on posts and trades tells us that LTH have given up and mothballed the stock and new investors don't seem to be hitting the buy button and contributing to the BB.

LR is under pressure now and our intuitional investors will be watching closely I hope. It's very obviously based on the data we see no PI's are jumping onto this stock. Have a look on Stockopedia the status of "Sucker Stock" kinda sums it up. New PI's are simply staying well clear and it's backing LR into a corner.

Aimrambler you're fooling yourself big time lol.

Have a look at stockopedia were have a status as "Sucker Stock"

Agree Highside. I submitted my votes. Its like non voters in an election moaning about the government. To me, if you didn't vote you lose your right to moan too.

Wow I know I said last week that we will go into 2022 with single digit trades and posts but seems to have happened already. Not one post yesterday, that must be a first for this BB. Anyway looks like our screaming and shouting for an update on strategy and remuneration of the BOD has been put on the back burner whilst they spend all day tweeting about Zinc and Ironbark.

Come on LR you may have shafted us LTH but what about the new investors you need to replace us. Time is ticking and the SP is dropping.

now topping the chart and just gone to 115p 21.69% up. Some news coming.

I don't think its pump and dump. More like some news coming on the domestic front after trials.

Nice to see a 15% increase so far

Bricks, Highside, Moneymaker, Cjen,
you guys in particular understand my concerns on cashflow and that having the best asset in the world doesn't count for "Diddly Squat" if you don't have the capital and business acumen to turn it into reality.
I've witnessed it many times when companies are on a knife edge and the vultures are circling to snap them up on the cheap. The last month or so has proven that this BOD don't listen to retail investors because they don't need to at the moment. However I do see a day fast approaching when the intuitional investors will walk and LR will be wondering where have those loyal LTH gone.

My focus is now elsewhere and TBH not wasting anymore energy on EUZ until I see some communications on below from the 18th November RNS:

"We are also undertaking a full review of the Group's cost base, including board level remuneration packages, and establishing a clear strategic pathway through the remainder of 2021/2022 to refocus our efforts on delivering value for shareholders. "

Will we here anything on the above promise? lets wait and see but I'm not holding my breath.

Are you the one that's saved up your pocket money from mummy and done the two £70.5 buys today :)

If you read my posts aimrambler I'm holding and yes massively down. Strange how these nobodies come out of the wood work.

Good luck on that Teaye. If you averaging down wait till next year you'll be scooping up at 2p. For what though? Another dilution? I doubt there won't be another as I think DB will cut their losses and PIs will turn their back too.

2022 this will be a distant memory. LTH will be forgotten about and we will dwindle down to single digit posts and trades like earlier in 2021.

This is definitely not my hill to die on and will put it down to an unfortunate experience. We can't change the past so best to accept and move on.

Hey we have Christmas and it's December 1st :)

Yes MM can't argue with that, the PFS is a big flaw and without it the sale/JV will go through at a fraction of the price it should. Someone will benefit but not us. There's lots of rose tinted glasses on here under the impression we are going to multibag!

I hope for them it does but I simply cannot see it. Why on earth do they not want to spend the new funds on this beggars belief. I wonder what Wardell Armstrong think of all this.

Highside, I do feel like my head is going to explode and yes full marks to Cjen. I'm not shooting the messenger and as stated before my gratitude to Cjen for all the hard work and coordination.

If anything I have far less confidence than I did yesterday and would not part with another penny of mine on this stock. The trades say it all anyway, there is no renewed confidence in the market after the AGM.

Numptypi, you said:

"Do I believe that this will become a successful mine, yes even more so."

At what cost, when and more importantly for who? Without a PFS it's going to go very cheap and you and I won't see a return on our investment. Yep whoever buys it will have a very successful mine that we as EUZ shareholder won't reap the rewards from.

I'm baffled that they now say we're not funded for PFS but will do this fag packet version. Is that because they have only secured enough funding that DB are willing to give? Surely if DB were confident they would invest for PFS to be completed? OR is this last chance saloon where they have said take this, sell Toral and get my money back.

What it shows is that PFS is way off and not funded and they have to do a fag packet version to try and JV Toral and they mention "Value Event" in other RNS's after the summer of 2021.

Would I put more money into this stock? NO.

Could it sell or JV? Potentially but IMHO no way near the projected NPV without a PFS.

Am I selling? NO, holding as may get a little more if it JV's and if it doesn't happy to wait for RTO.

Thanks CJEN, much appreciated. It's unfortunate that you're put in a position where you have to provide us with communications and our BOD, in particular LR can't communicate this to his shareholders.

Well done and a huge debt of gratitude.