Member Info for Shedulike

Wow spectacular dive in the silver price, a week of gains disappeared in seconds. Seems to be recovering though and all good long term. Traders covering losing positions on the wider market? There's a lot of carnage out there today with the Brexit chaos and now this latest Covid crisis. Bit of a pickle.

Hi Obone - there's a reasonable possibility that it could be double the three year trailing average used in the economic report in 2021. That's obviously a good thing but I wonder if it's something of a double edged sword for us as if you want instant exposure to strong silver prices then I guess a producer is more attractive. Who knows, by the time Toral is mined silver could be pushing all time highs ($50/oz) or of course it might not. It certainly won't do any harm with Conrad's work, silver is certainly looking very interesting as both a wealth protector in uncertain times and increasing importance as an industrial metal, green energy plus medical uses etc.....

Yep it's massive Sammy - the "excellent in-country relations" line is a familiar mantra in AIM explorers but so often proves to be just a platitude when the wheels start coming off. EUZ have now proved that they are supported and embedded in the region, a big positive.

Teaye as I said I'm more concerned with the operational targets - Tranche 1 is with just a modest amount more indicated, Tranche 2 I'm okay with particularly the independent recommendation to advance the project on the back of the PFS, Tranche 3 on application for the mining licence should be on receipt of the mining licence IMO.

Yes PE seems the Twitter herd are yet to break into a stampede :) Jed thanks for your comments though I wouldn't over estimate my 'emotional attachment' to EUZ. I don't agree with everything the board do for one minute, for example I object to the options being yoked to operational targets rather than the SP - we all know that operational success hasn't rewarded us to date. I also believe we have a right to know which deleterious elements have been detected as well as the ones that have been dismissed. I regularly highlight my concerns along with the positives for balance unlike the negative monologues which I have decided I don't need to read. It does amuse me however that there is more evidence of 'emotional attachment' from shareholders that continually slate the company and yet can't seem to extricate themselves from the situation - talk about attachment issues! Genuinely I have nothing against negative comments if they come with a bit of analysis, I pointed out the other day to someone who thinks nothing will happen until 2023 that this is not a safe place to leave your money and come back later - it might not be there. This type of high risk investment can go to nothing fast, you can't get much more negative than that! There have been mistakes here but I would remind those who blame everything but their own investment decisions that they got onto a high risk exchange in a high risk sector, these aren't unit trusts and it seems some are learning that the wrong way round. I do however believe on balance that this will come good under current management whose performance has improved greatly, we're yet to see it in the SP but I firmly believe the potential is at least 10x today's mcap and that is why I'm still here.

RBanker - If you think IRC have a dodgy location then I assume you feel the same way about POG? I have often talked about the 'Russian Discount' and it isn't a popular subject but you can't pick and choose to which of the two companies you apply it. In any case with China's thirst for iron ore and problematic relations with Australia, IRC are perfectly located to deliver. Especially with the Amur bridge which is either complete / complete except for not being operational / or not complete after all, depending on your definition of 'complete' :)

Yes feels like it Freddie :) To be fair though it was a massive project - 2.2k's and built in six years even though I think they can't work on it in the winter, I'm sure I read that somewhere but can't dig it up now. It was finished structurally last summer but isn't operational so I guess that means building the railway.

...... for a change with the POG sp. I wonder how much of the upturn in the IRC sp could be down to the spat between Australia and China. I see analysts are expecting China to seek ways to reduce their dependence on Australian iron ore, that has to be good with IRC just over the border. On the IRC website I see they claim to have a long term plan to double capacity, with the Amur bridge soon to be operational could our ugly duckling become a swan?

Well we need to complete the flotation plant first in any case. I was just wondering whether there is a technical advantage in keeping the POX hubs busy before we can keep them at capacity with our own concentrate. I remember reading some Tamesis research that really emphasised the importance of gleaning feedback from the hubs. Not going so far as saying it is a loss leader but there could be long term pay back from what we are learning from processing this third party concentrate.

While I'm not optimistic about putting the Blackrock situation to bed I think it has to be apparent to everyone, whatever your position, that their analysts haven't put their heads together and concluded that EUA is a good thing and decided to 'pile in'. I'm sure there will continue to be conjecture about the nuances of precisely how their emerging markets tracker functions but it simply isn't the case that they have actively decided to stake a position on EUA. No matter, we have an extraordinary basket of metals that are in short supply, all good.

I'd go for chicken over rooster, more chance of it laying a golden egg.

I don't know exactly Bricks but I guess they're lurking above the central high mineralised zone since they're looking to improve the data for the early years mining with these drills.

To be fair I like to see this sort of information, just needs a shiny machine to enliven the image. I suspect whoever took it perhaps didn't consider it in their remit to supply images :)

Feast your eyes on EUZ Twitter grappa.

Picture of the track didn't do it for you then Grappa?

Nice Tweet showing groundwork preps for '2021 PFS drilling campaign'. If LR does look in on here these little details are greatly appreciated even if the pic is a bit dull :) Top tip - get Roley and Scoop in next time to liven it up.

Agree Rusty the painful foundations have already been laid, RI to avoid death by debt mountain, successful launch of POX, and near completion of additional flotation plants to service it. Alexandrov certainly has a gift for timing.

Not making fun of Sammy I should point out, just recalled that agonising scene. Well great day for silver but we're just not basking in the same light as our products. I suppose if you want exposure to high metal prices it does make sense to go with a producer but it must surely be helping with Conrad's work. Guess the market needs to see some evidence that they can secure a pre-production concentrate deal, does feel a bit like EUZ has shut early for Christmas though.

It was a silly Borat reference milnrow.

Thees one, nat so maach.