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IMHO we will become an AIM rule 15 cash shell in 2022 Q2 but it can take up to 6 months for the RTO to go through after becoming a cash shell.

Should get a good return when we RTO in Dec 22. Hopefully some new tech start up will buy us up ;)

Agree Highside. We all got it wrong and a bitter pill to swallow but we have to accept it. There's one important difference IMHO. I think bar the resolution for the remaining raise any further dilutions will fall short both PIs and IIs will say no thanks. If Toral doesn't generate income by end 2022 Q1 the show is over and the asset stays in the ground. IMHO we have 4 to 5 months to make Toral work or AIM rule 15 beckons.

Hi Props, agree I think it will take many years and earlier on in the year and in 2020 I used to post that the asset is good but we are 5 years away from realising our investment and people said well sell now and come in 4 to 5 years. I was happy to hold and the talk of the "Value Event" made me think have I got this wrong and are we closer than I thought. I even invested more as I started to believe we were close.

Hindsight's a wonderful thing and I made a mistake on topping up. The thoughts I had in 2020 and early 2021 are different to now. I think the "Value Event" is a myth and we are 5 years away again, but I think the money will dry up before then and we will become a shell for RTO by summer 2022.

My take, is that the new fund raise will be MOSTLY used for new acquisitions and Toral will rely on European Funding to progress it and the hope is that Insomnia Consulting can help with that:

"We have a specific methodology for the presentation of projects that are eligible for public funding that is characterized by personalized attention with an expert consultant assigned to each project"

IMHO Toral needs more work and I think it will be years away. We thought PFS was close but I don't think it is.

To summarise:

Sorry about this but the PFS will take a bit longer and can't say how long. We look forward to more dilutions to prove up Toral with our fancy software. Oh whilst we are doing that we are going to look at some new projects but don't worry folks we will do it on the cheap.

Very well expressed MyfirstMillion and my sentiments exactly. I've said it in many posts that LR has qualities but not on the BOD. We need to keep him but in a different capacity doing the good technical work. We need a CEO that networks, embraces investors large and small and lands the deals. This is the time for change, we have a super asset but not the CEO to progress it.

There's a few on the board who seem optimistic, bemused by the angst posters and that the BOD are not at fault. Surely this must be the perfect opportunity for you to load up at 5p. However the trades don't show anyone taking advantage of this situation?

Teaye, we don't have 5 years maybe 6 to 9 months max. Only way we have 5 years at this rate are more dilutions and back to the old days of 0.05p SP. Hey we can consolidate again into a grown up company though.

Agree with your last posts Highside and Props. A few posters judgment getting clouded by personalities and not facts. It happens in politics so often when people vote for the personality and not the parties manifesto.

Sheds, quoting from your post:
"I think virtually all the positives we can at least take some comfort from are down to LR and the Spanish team on the ground"
Agree, this why I think he should not be on the BOD but maybe Head of Geology working on the day to day operations which I'm sure he excels at.
As Highside said:
"The angst is directed at LR because he is the public face of the company" absolutely spot on and this is where we are failing.
Scheds, we can have the best asset and an amazing team in Spain but if the company is run poorly and money dries up or we need to raise more capital on bad terms then the good stuff will stay in the ground.

Teaye, the article as stated below by others is probably a paid article and not journalism so it makes no difference if it came out before or afterwards. It's not official, has no substance and is biased and not balanced. I certainly wouldn't base my investment decisions on such an article.

I love this quote:

"After all, the turnaround that the current team at Alien managed to effect when they took it over resulted in a return of upwards of 15 times for some investors."

I'd be happy with 3 times so I can run to the hills. Plus it's such a biased article and not balanced at all. Looks like it's written by a chum of LR's.

Exactly scheds. On a serious note, I want news coming from the company and not Proactive.

Nice work Cjen and much appreciated by all I'm sure. Agree my broker said get them in 5 days prior.

Well Highside, maybe when we become a cash shell next year the RTO could be a new media start up. Maybe their first script could be a comedy version of the HBO production Succession. "EUZ Succession"

Highside, he said he's busy selling zinc and copper on Ebay like a grown up company :)

Scheds, $US, $AUS, $HK, rupees, ETH crypto whatever, you seem to miss the main point on communications and behaving like a public listed entity.

Hi Scheds, apologies $AUD not £GBP but the main point I was trying to get across is that yes the personal touch of being able to call LR is OK but in the circumstances we're facing at the moment I'd rather see EUZ being proactive and run more as a public listed company with proper PR and communication channels.

This "Hey guys call me when you want" sounds like EUZ is being run from a potting shed whilst LR is turning over is compost. As a shareholder I want to see professionalism, proactiveness and what's being done to alleviate our concerns and fears.

Unfortunately this is not happening and all this is doing is fuelling more speculation and anxiety.

Teaye,
you've posted a few messages hinting at people to call LR directly. Surely a more efficient way instead of LR receiving a call from each shareholder is to announce something either informally or formally that all can see or hear.

Otherwise he becomes a £172K receptionist taking calls and not trying (I repeat) trying to do his day job. Unless you're saying he has nothing to do but take calls off individuals all day. Common sense does not prevail here. Not having a go, its just another example of lack of professionalism and lack of PR and another reason to vote AGAINST the 6 resolutions.