Member Info for Shedulike

Weird after people were selling at 9 yesterday, what's changed? I did a dummy £6k sell to test it and got NT. Not encouraging.

No Tombi that was market manipulation remember? :)

Yes I know the feeling Coastliner. Just to illustrate the point though take the trade
14/12/20 17:15 1,000,000 36.30 0.00 0.00 £363,000.00 Buy
If you look at the day chart I can't see how anyone could have picked up 1M shares at 36.3. Some of these have to be sells.

To be fair Coastliner it works both ways, anyone who panicked last Friday as it started to drop would have been able to buy back in slightly cheaper today. However wasn't it on course for 50p with the Blackrock position forming an impenetrable base all that time ago? Everyone has their reasons for selling and for all I know by the end of the week anyone exiting today might be proved to have made a wise decision. On balance I'm expecting to sell my shares for a lot more in the not too distant future but I think it would be refreshing if some of the ultra positive posters admitted they have called it wrong in the last couple of sessions, it's not just mm manipulation, some of these big trades are sells like the 450k from last Friday incorrectly showing as a buy.

Two blue days in a row - lucky I panic bought a pallet of smelling salts early in lockdown. Seems to be a missing trade on here, a buy at 16:06 16,000 at 9.3p showing on the real LSE, every little helps!

Surely if that 450k was a worked trade reported from Friday then it would be a sell. Friday morning the SP opened in the 40's and dropped throughout the day to close at 39p. It's only been stamped a buy on here because the platform software has assumed that at 38.8p it would be a buy today. Makes no odds in the greater scheme of things but I can't see how you could buy that quantity on Friday at that price, probably explains the drop throughout the day. Cue outrage :)

Ah Teaye of course - quick internet search and apparently the slogan was launched in the ad break during the Father Ted Christmas Special 1996:
http://feelingmyage.co.uk/2014/05/murphys/
There are one or two EUZ holders who could do with being a bit less bitter :)

Not sure if this has been posted yet, would be handy if a zinc based battery using silver and lead oxides took off:
https://www.pv-magazine.com/2020/12/11/a-silver-oxide-zinc-battery-flexible-screen-printed-and-with-20-times-the-capacity-of-li-ion/

Good Weekend BrickZ - and yes that would appear to be the strategy. Perhaps semantics but I remember MC saying "we need more indicated" at the AGM, that might well fit with some of your own recents comms. Hi MH I note you're a GGP happy holder so congratulations there, for all I know it will continue to go from strength to strength I just think the mcap looks a little dizzy, but maybe I'm just bitter as the ad used to say (Beamish?). I still strongly believe the upside here is staggering but am happy to openly discuss the risk at the same time.

Hi Jedster - don't worry you're not alone, I'm sure we all have concerns. Big one for me is the apparent lack of results from EMEA. I still think the upside is immense and still makes this worthy of hanging in there. After the Bara report I thought we'd see a degree of progress in the SP but it's not to be as yet. I just think the AIM has become so polarised with massive overvaluations and crazy undervaluations, unfortunately we're in the latter category. I think GGP is interesting as an example - I don't want to wind anyone up who holds on here but their mcap has forged ahead of big established gold producers and yet they're years from production with assets certain to have huge CAPEX requirements and given the locations extensive operating costs. The geography of Toral not just in the infrastructure and power on our doorstep but a workforce that won't have to be housed in the middle of nowhere is just not being appreciated as yet. Seems the PI money just gets sucked into whatever is the current flavour of the month at the expense of other projects but I'm not hiding from the fact that since the economic report we have failed to attract fresh institutional investment.

Jedster - current trends in metal prices are hugely relevant to how we finance the next phase of development, they will inform possible pre-production off-take deals. If you can't see what we're attempting to achieve in the next 12 months then best to act on your concerns and look for a safer place for your investing capital. They aren't drilling more holes for fun but looking to increase indicated which will help with financing and improve early years profitability -the information is available to all. The SP has reacted badly to consistently good news over the last year so what do you think will happen if the next set of drills fail? It could be catastrophic, I'm only saying this because I honestly think from reading some posts folk invested without appreciating the downside in this kind of investment. If we find a way to be part of the development of Toral it won't be 12-18 months before we 'break ground', probably double that which is why applying for a mining licence before achieving a successful PFS with an independent recommendation to proceed the project would be like trying to put the cart in front of the horse. I still see the upside here as at least 10x current market cap but if operations go badly in the next year then there is a real prospect of this going to 0 as has always been the case.

Hi Grappa - no probs. I have been wondering to what extent we might be perceived as a UK company having a British CEO & CH but technically we're not. Don't get me wrong I don't think any good we'll come from this debacle for either side but 'no deal' will hurt us more. I think that has been the biggest misjudgement from our negotiators from the beginning. Someone just posted the SIG building supplies price list in the event of no deal, 6% getting slapped straight on insulation products like Kingspan. I still have hope a trade deal can be reached but we're going to have to give ground, madness to let the one relatively small sector of fishing hurt the whole economy just because it has become symbolic of sovereignty.

I suppose shipping cores to WA could be affected if the ports are still in a mess by the time we complete the next round of drilling, and I suppose there will be additional cost implications in using their services cross border post Brexit. Luckily they're not the only company providing metallurgy in the world so maybe we'll choose to keep the work within the EU. I expect that is a process that will be replicated across many sectors.

Grappa this is an Australian registered company with operations in Spain. Brexit is a dreadful self inflicted wound that couldn't have come at a worse time but it shouldn't affect EUZ. We aren't a UK company thank goodness, we're just listed on the London Stock Exchange (and JSE) along with a myriad of other companies including many in the FTSE100 who have nothing to do with the UK.

Thanks Teaye - I don't chase tick ups but still appreciate it when someone has something pleasant to say. Have a good Christmas CHRI5P, completely understand you wanting to step back from the board. It's tedious reading day in day out posters who seem to want to ease their pain by antagonising others. I take the filter really seriously but if you are 100% certain that by filtering you won't miss out on any relevant information, analysis or insight then you can confidently make the decision not to read it. I see green boxes on here regularly and whether its Reasonable, Paramount or BB I don't care, I constantly assess the downside in an objective way and don't need de-rampers with absolutely nothing to say except bleat about the SP.

Hi CHRI5P I try to think of it in terms of what I think we will be eventually be worth rather than near term price targets. I'm disappointed by the SP but it doesn't rattle me in the slightest, of course I'd much rather the SP had behaved gloriously in the build up to PFS but it certainly doesn't feel like that's going to happen yet. Someone said the other day that LR timetabling the PFS as 12-18 months as a bad pr move, well if honesty is bad pr they're probably right. It seems that in AIM you need some jeopardy, some sense that something amazing could happen tomorrow. EUA is a good example, I'm not knocking the company but you see posters excitedly posting about FOMO Friday, I can't think of a worse reason to see my stock rise. Similarly the herd effect we've all talked about before. GGP could now sit mid table FTSE 250 above established, producing gold companies and yet they're years from revenue. I'm not saying the SP isn't significant, of course it is but I would urge some posters to try not to view the company simply through the prism of the SP. It appears that operational success in the coming year is no guarantee of an improving SP but if we can continue the good work alongside something positive on funding things could definitely change. There does seem to be more possibilities on EU funding but I'm not banking on that. Hopefully Conrad can produce something but I wouldn't want us giving too much of the asset away before we even need the cash. It would be good at least to see that the non-dilutive options are really there rather than just a soundbite. I'll happily admit I put too much store in what Myles said about non-dilutive optionality about his time last year but the metallurgy since then has made us more marketable. Remember Conrad reviewed the data room before entering into a pre-production concentrate marketing agreement so they must believe deals are possible.

There's a brace on Aquis Grappa - one buy, one sell.

No shambles at all, everything is progressing exceedingly well. I'm more confident than ever. Clear path to PFS laid out. Obviously some don't want to stay for the journey and it's putting pressure on the SP. Nothing to panic about IMO but if it's causing you worry then there is a quick and easy solution to all your despair.

Fair enough Mac - though in accordance with what Gecko was saying I was genuinely interested in the CAPEX estimations at GGP and thought it better to take the opportunity to ask on the thread that formed here rather than vex them on what is probably already a tetchy day over there, but you're right it's getting a bit off topic for the EUA board. Any thoughts on those 45p trades that only seemed to have been shown on the company website?

Is there an estimation of CAPEX for these gold mines? I see they have a JV announced taking them to 'early works' but how much more would be required to build the mine and get to production? Must be a lot of infrastructure given the locations.