Replying to myself, first sign of madness. Just to say that wasn't directed at everyone, I'm sure there's plenty of people way more informed than me but I find it strange when some posters seek information readily available by sounding out a BB. I admit it was probably a scurrilous poster but didn't someone say a couple of weeks back that they chose not to invest because they hadn't received sufficient encouragement on here??? That's weird.
Of course there is no guarantee how the market will react to the JORC or mets but yes the metallurgical work is critical to proving Toral as a viable mine. As ever I suggest you go back through the RNS's to understand what it's for, also the WA website helps to get an idea of what they do but very briefly it's to define the economics of how our products could be actually extracted and marketed. Anyone in doubt about the significance of the mets, this from CB (after talking about generating an indicated resource), "More importantly, a 58kg core sample was retrieved for metallurgical testwork, as per our stated campaign objectives, which is currently being undertaken by Wardell Armstrong LLP in the UK".
I wonder how much of a drag Polygon are having on this. I remember a time when everyone seemed to be shorting POG but now they seem to be the last leech still attached. When there are so many basket cases around it seems strange that they still have their teeth into POG when it seems that at last the tanker has turned, yes we still have a lot of debt but POX is up and running and gold is so strong.
Yes it's been guided as "early Q4" but also this, "Further to the receipt of these final assays, work has commenced by AMS to provide an independent update to the existing JORC (2012) resource estimate at the Toral project. The Company anticipates that this work will take approximately 4 weeks". That was 25th Sep so on that basis next Weds 23rd, hopefully the workshop did save some time so perhaps Mon or Tuesday is possible. Just to quash any mischief about it being held back the assays are in the hands of independent mining consultants who will pass their results to EUZ when their work is complete.
Gizz I was talking about that last night. Is it you who has frequently tested the relative ask compared to size of order. Someone has previously quoted some incredible numbers which that big buy supports last night. I have seen it before on AIM but not to the extent we are experiencing with EUZ.
What a weird post, never ceases to amaze me what enthrals certain posters. It doesn't matter when the JORC arrives as long as it is within the original guidance. I do however think LR made an error of judgement with the 'two weeks saved' comment when the specific timings were out of his hands.
B1ll that would help of course but I think MC and CB have plenty at 0.015. LR suggested to me he's in it for his options which tells me he intends to move the project to the optimal point of sale. Put another way he stands to benefit from bringing the story to a conclusion rather than milk a salary, though I have to say I don't find £75K a year insignificant particularly when you sit on other boards.
Yes that's what I thought Herts - nice work if you can get it relieving folk of their stock as low as 0.032 while filling an order at 0.042, that would be over 30% profit though they didn't snatch them all at 0.32 of course. One of the regular posters has often commented that it is a quirk of this share that the ask is unusually sensitive to the size of the order.
Ha ha don't worry Newbie it hasn't affected my life at all (I think...). Funny to remember how differently they used to handle these things in schools. Back then the whole year were shuffled through a room to look at those dot pictures, if you passed you went off to lunch, the few that failed had to sit outside the door and wait until the doctor had finished. Then I remember we were taken back into the room and told all the jobs that we couldn't do in the future, one of which I do now!
Newbie sorry for confusing you, I am genuinely colour blind. I was referring to the box that appears when a filtered message appears. Ps nothing against FRR refugees even the couple I filtered have their hearts in the right place just couldn't take the sheer quantity of repetitive nonsense.
I'm relaxed and as I said earlier just go back to your research to re-charge your confidence. Obviously there are risks and I'm not happy about the manner of the raise. Slightly annoyed that the two weeks saved hasn't materialised even as one week saved. I'm more annoyed that I'm starting to get red boxes appearing on the EUZ board, please don't tell me that some of the more eccentric posters from FRR have arrived??
I felt we needed news this morning, could be a day when the trolls hold sway. Any holders do what I do when the nonsense starts - go back through the regulated information, facts and statistics and your concerns will be eased.
"The Company's plans for the Toral Project in 2019, include:
An infill drilling campaign to target the high-grade core of the deposit, with the aim of increasing confidence in the resource estimate to the JORC (2012) Indicated category".
Eh? Inferred to indicated mineral resources will hopefully come as the JORC update, followed by metallurgy later in the quarter. I have a feeling about tomorrow if the workshop did indeed save some time (just one week not two).
Ha ha I hope some of us FRR cast offs aren't clinging to the wrong wreckage. Seriously though I think most of the sellers today just as the Twitter ramp buyers don't have the faintest interest in the asset. We know some of them don't even know what EUZ do!! In the hiatus for news they'll have their fun, some will make money some will lose, some will be lucky when we get our indicated some will miss out, simple.