Member Info for Shedulike

Sounds like the strategy is to concentrate on improving the economics of the early years mining zones, more ambitious drilling would need a partner at this stage, but not ruled out. JMA they were only taking questions from industry - I was asked which company I was representing, told Tavistock I was a PI so I guess I would have been overlooked as well. I assume you are a PI? Anyway you'll get your chance at the AGM. Sound was terrible though. Also there couldn't have been anything materially new as it would have to have been RNS'd. I thought it was a confident delivery with more evidence that the local jurisdiction want this built, have to say I would have liked there to have been more questions from the analysts though.

First little new snippet the Junta want us to use waste material to infill historic quarries and restore landscape. That must mean cost savings on tailings management plus reconfirm synergies with cement works. Sounds like the locals want us to do this.

Grappa the bid seemed to drop after that mammoth :) 42,000 sell. That's all it seems to take with Euz, it does seem to work the other way as well though. Spotted this in the presentation "Resource drilling to increase confidence levels and size of
Measured and Indicated". First time I've seen a measured resource mentioned.

Yes Trade they are probably PI's but there's a subtle difference between lil'old Pi's like me with a High Street account and folk who pay a bit more for investment services, would you describe it as boutique rather than retail? I wouldn't know :) Anyway that's quite a jump from 4-17% in just three months and suggests some concerted accumulation has been going on by clients of Jim Nominees. Kind of fits with the drip, drip drip of small sells and then those 25,000 / 100,000 buys. There have been a few big sells in this period as well though I admit but i think there must be something significant behind the marked increase in the JN's position.

Trade, talking about certain holdings being hidden behind nominee accounts, as I said we know about DB from holdings RNS's but have you noticed that Jim Nominees have gone from 4.4% to to a whopping 17.29%. They're now heading the table above DB and Lynchwood, would be fascinating to know the make-up of that holding. We can only conclude that a number of entities must have been accumulating since August as we haven't had a TR1. Also interesting that Hargreaves Lansdown have dropped quite a bit - HL are more popular with the retail sector so it suggests to me that shares have been going from regular PI's to investors using the more a specialised investment management company.

Trade they were named as a Related Party when they participated in the last placing so I don't think they're able to hide from us even if they wanted to :)

Before anyone sets a hare running, I was wondering where DB had gone from the 'Main Shareholders' but found on the company website that 11.83% of Lynchwood Nominess are held on behalf of Deutsche Balaton Aktiengesellschaft.

I also approve of the investigation. I voted for the status quo simply because the SP was doing well and on the 'better the devil you know' principle. However now that we've bitten the bullet, transparency is a good thing and if there has been wrong doing then the old board should be held to account. I can only assume they have very good grounds for commissioning it because should KPMG find nothing then it will be a very costly embarrassment for the new Board. The helicopter business certainly gave us some mirth on here at the time but it always looked like an unusual transaction, I wouldn't be surprised if we hear more about that when KPMG present their conclusions.

Quite, all the negativity is getting us nowhere. The company have delivered on the ground, time will tell if the meetings have paid off. Tomorrow may see a reboot of the company's image unless I'm reading too much into the engagement of Tavistock (possible). Should get rig mobilisation news soon anyway and perhaps things will start heating up again.

I've been wondering if today might be a good day to put the past behind us and start concentrating on the future. Not suggesting the company's history should be a no go area, so not advocating book burning of sorts but the only place our investments are going to turn for the better is the future. You wouldn't always think it reading this board but everything is looking good and I'm hoping that tomorrow afternoon with the help of Tavistock EUZ will get the front of house that the asset deserves.

Not sure Jed that looks like an ill judged 'follow', likely by some millennial handling our Twitter account. EUZ shouldn't be following unregulated tipsters, should be sorted tout-de-suite tomorrow.

Good point Brikz. Unmissable chance for anyone with gripes to put management on the spot, should be a fair bit of heat on them if this board is anything to go by. Anyone otherwise engaged still has the 30th to confront them.

Just a footnote to say I'm not saying EUA won't get a result, I have a position there which has done very well but it does show that initiating a sale process doesn't result in instant rewards or even a clear pathway. EUA shareholders have been pretty much in the dark for over a year now. I would much rather we progress in the open, enlarging the resource and de-risking the project while continuing to engage with potential partners or buyers. If something comes left field then great. Right must get on I have finally given in to overwhelming pressure to commence a treehouse project today. Can't believe what wood costs these days (and I don't mean Viagra).

Hi Michael - this is quite a complex issue but one where I fall on the side of our Exec's approach. I understand it feels to PI's like bang the 'for sale' sign up and shareholders cash in their share of something near the NPV but it just doesn't work like that. Look at EUA, for all their red hot scarce metals over a year on and no news of a sale and no operational updates, blackout. Different circumstances but I prefer the EUZ approach to position the company for all options so anyone that wants it will have to make them an offer the shareholders won't refuse. To be honest I think EUZ want to go all the way and the strengthening of in-country ties point to that. The tone of Jesús' post on the pros website hints that the Junta are starting to apply pressure to get this proven and built and contrary to certain accepted wisdoms this will happen quicker with Europa at the head of affairs (probably as part of a new entity) rather than disappearing into the portfolio of a major. I know putting the 'for sale' sign up would cause some fleeting excitement but ultimately it wouldn't change anything. Hope that makes sense, just my opinion and I've taken a drink or two :) but hopefully that's the gist of what I have genuinely come to understand in the last year.

I'm hoping that the unexplored areas will prove a big carrot to a partner or buyer. I noticed on the new fly through prepared by Director of Geology & Exploration Luis Pérez that he uses the phrase "Further resource and metallurgical drilling scheduled. Project open to east and at depth". It's a given that they'll be looking to bulk up the indicated but if they can prove decent or even middling grades outside the block model the resource could get a lot bigger along with the mine life. Ore sorting technology is already effective on our project but the technology will only improve so who knows how much more will be economic to mine?

Well they must be confident there will be some positions taken - if none of that lot take an interest even as an EUZ supporter I would have to admit it would be something of an indictment of the investment case. I'm not expecting a raft of TR1's just yet but surely we'll see some evidence on the open market. I think we should reserve judgement on the success or otherwise of these meetings until the back end of the year though.

Jed there are more options than sale or dilution not just IMO, this from TP (talking about the PFS), "This should also enable the Board to narrow down on its list of preferred future options for the asset, which range from outright sale, joint-venture or independently through, say, a 60:40 debt:equity-funded development". We also have Conrad exploring pre-production off take deals. I don't blame anyone for dwelling on the history of dilutions, it isn't an irrelevance when trying to assess where this is going but doesn't make it inevitable either. Let's see how LR and MC get on with these institutional presentations. I think we'll see much improved front of house on Tuesday, I remain positive.

I think I can speak for everyone when I say nobody is daft enough to think it's just about the website but thanks for pointing it out.

Sometimes you can only laugh I find PR..... hopefully a lift into the close like yesterday! 10bT I can't really remember what was said, I think it was more a case of him just ignoring the offer rather than saying the current website is fine.

10bT - I once suggested a design agency that I have worked with and he wasn't interested. LR did start out in PR and I believe sold an agency he founded for big bucks which is why I think he's stubborn on taken advice on PR. You might have seen my comments on the last video, not saying for one second that I could have performed better than Laurence but I could certainly have implemented some cheap and simple measures to make it look so much more confidence inspiring. Buys have just doubled! From 1 to 2, don't think it's Blackrock :)