Member Info for Shedulike

Thanks for twisting the knife Brix - I used to stand on the terraces at Bramall Lane when I was a student. Didn't think we'd beat Liverpool yesterday but when 1-0 up dared to dream.

'Hopes rise for approval of coronavirus vaccine by end of this year'
https://www.theguardian.com/world/2020/oct/25/hopes-rise-for-approval-of-coronavirus-vaccine-by-end-of-this-year?utm_term=Autofeed&CMP=twt_gu&utm_medium&utm_source=Twitter#Echobox=1603647379
Let's hope so, certainly won't end the need for testing.

Nothing wrong with top slicing / de-risking, call it what you will but if it works to an individuals benefit then well played. In a way we're all traders buying equities in the expectation that they will eventually be worth more than we paid for them. As things stand my EUZ shares on average are worth less than I paid for them so my favourite stock has yet to deliver for me. To put it in perspective if I'd sunk my accumalative outlay on EUZ into NCYT at the point I bought that stock I'd now be a multi millionaire, other stocks in my portfolio that I'm dubious about are going well, others not. Conclusion, I'm no investing genius but I reckon EUZ is a gem about to shine.

Maybe the long awaited slingshot is finally upon us :) seriously though as many posters have correctly pointed out we need to start holding these rises. Probably inevitable that if we do get a rapid rise we'll over shoot to an extent but perhaps we'll find a higher bottom afterwards. Looking at the recent low of 7.75p that is an improvement on 0.01p odd money or the brief 5p immediately after the placing.

Brikz didn't you tell me you have a colleague who was trying to top your holding? If they do get really short maybe they'll have to move some more over from the LSE and people are already reporting that it is hard to buy here. Perhaps the spring really is tightening, Banker start limbering up :)

Thanks C - I've seen Oil on there though I don't hold any. Lloydy seems to have disappeared without a trace though. If you don't know the story Lloydy sent him a frank email and from memory I think LR said he'd meet with him and it turned out they both live in Eastleigh. Fair play to LR for fronting up.

Talking of ex posters like Oil I haven't seen Lloydyboy anywhere for ages, I owe him one for tipping NCYT way back. I think he popped up briefly during a.... brief rally prior to consolidation but since then I don't remember him posting. The face off at the Eastleigh Coffee House was one of my favourite episodes on here.

I think it unlikely that DB would be in the business of rescuing a distressed company. As I said they could have exited at a profit on occasions before consolidation, as the principal investor they would have been tracking our progress throughout and I think if they caught a whiff of collapse they'd be gone even if they lost on the 0.025 shares, they were never in a position where but for further funding they would lose their investment, they wouldn't have let it get to that. Also if the placing took place with EUZ in peril of collapse the placing price would have been pernicious not fractionally higher than the previous one. It's also probable that they would have insisted on a place on the board. The evidence to me points to them believing that increasing their position at 12.75p is a good investment, remember they will have fought tooth and nail to get it lower.

Thanks for noting the non-rampy comments CHRI5P I do get a bit of stick for remaining positive! Talking of ramping I see we are getting more Twitter mentions and most of it isn't too OTT - I see even CJ has posted about EUZ :) Someone called Hotandcoldstocks has tipped us claiming there is very little free stock, don't know how they know that but it fits with 'allthewinners' experience on Thursday.

Bobby I appreciate there's a place for the contrarian view but I also think that you take it too far sometimes - 'a current institutional investor forced into saving their investment'. Sorry but that is ridiculous, before the last placing they held stock at 7.5p and 12.5p new money so had ample opportunity to exit with a healthy profit. Instead they chose to invest more at 12.75p, that is not being forced into saving their investment. Let's try and stay on good terms but that IMO you have taken the negative slant too far. Agree wholeheartedly that it would be reassuring to see some fresh institutional blood.

Also forgot to say that as TP highlight we will be better placed to choose a course of action for the asset after the PFS is completed. I had hoped something could be done non-dilutive to avoid a placing but I was on record at the time as saying there was a danger of a bad deal even if non-dilutive, put simply, giving too much away to get cash. Someone else put it better as 'dilution of the asset'. With a PFS we will be in a stronger position and we may even look back at the placing with a different opinion of it. Finally I'm not sure we'll ever see a 'special dividend' Bobby as even if we sell Toral it would likely constitute a complete company sale and we would receive a distribution of our share of EUZ. Interesting that TP also reference JV options after PFS or proceeding independently through a 60:40 debt:equity-funded development, there is absolutely no guarantee we are ever going to be sold let alone have LR putting up the 'For Sale' sign in the meantime.

Thought I would avoid the board today but made the mistake of checking in and Bobby I can't let that go - 'failed to attract a grown up investor'. DB aren't popular on the board but remember they only reduced their holding last year which was shrewd. They exist to protect the wealth of their customers and the fund manager would have to report their risk management to his / her seniors, I often think if I was forced to do that to my wife my portfolio would be significantly less funky. Okay so what did DB do after trimming their holding with a good profit? They increased their position at 0.025p late last year, a big premium on the previous raise and again this year at 12.75p, very slightly higher than 0.025p old money. My conclusion is that their analysts see this as a good investment but are likely to de-risk. There are plenty of other juniors looking for their cash, they didn't help us just on a whim.

Haha Jed yes they should pay me I agree but for all my waffling they might point out that the SP is still cr*p as BB says. Bit tragic reading this stuff on a weekend but the garden was a complete bog and I can't enjoy watching sport without a crowd especially if it's dull as ditchwater Exeter (yes that's 100% green eyed monster). However this from the EMEA website (Q&A with LR):
- What do you think makes your company such a compelling investment?
- Advanced project in the space with significant amounts of work achieved over just three year and potential for expansion outside of current PFS focus.
'Potential for expansion outside of current PFS focus', wonder what that might be as all current work streams are contributing to the PFS as far as I can tell. One guess, if the drill strategy for the PFS is focused on the central mining area could we at last have the much talked about extensional or at depth drilling coming up?

That reads like a valediction Bobby. To be honest I'd imagine you'd be a lot happier getting out of EUZ altogether as you obviously don't like the company. Will be a shame to lose a cautionary voice on here but it doesn't make any sense staying in if you've finally lost all faith, you've been down to about 2% faith for the best part of a year :)

Did you manage to sell some over 30p Milnrow? On peaks and troughs, yes that's what we've seen in the past and is likely to happen again to an extent which is why I have been talking about how I hope we can overcome the problem of cyclical news flow. There's a good chance that news will become more multifaceted as we progress as we seem to have opened up several fronts on potential funding with Conrad and apparently we still have irons in the fire on EU grants, plus continuing B2B discussions, maybe something will come from the EMEA? The drill - assay - JORC - metallurgy cycle while obviously necessary and thankfully successful was too easy to trade (I've learnt all too late!). The hydrology and technical studies which are critical, even make or break work don't seem to carry the weight on the market that they should. However this is still exploration on the AIM market and there will be volatility, I took some off the table at 25p and bought back lower, though missing the bottom by some distance so I am watching the SP while waiting for an endgame, it doesn't have to be one or the other though I'm probably 90% investor 10% trader.

Fear not Jed when the right news lands we'll have 100's of trades and 100's of posts predicting the earth and then suddenly the not so subtle change in sentiment. We just have to hope that intensifying news flow and perhaps some more institutional money after the EMEA conference will give us more stability. Certainly the narrative of localising supply chains in Europe is growing so we're sailing with the wind here. Also remember that we have multiple applications for EU grants, the CDTI partly refundable loan was very specific in its focus on drill deviation R&D, there's more up for grabs - "Europa Metals anticipates that the Grant will enable the Company to apply for reductions in taxes payable relating mainly to labour costs and is satisfied that the terms of the Grant will not prevent the Company from participating in other grant application processes save where there is a specific technological overlap". So perhaps we may qualify for something more practically targeted in contributing to raw materials security in Europe, finally to go full circle I bet this grant success will be heavily emphasised at the EMEA Strategic Investment Conference.

26 actually jedster but if you're really superstitious abandon hope all ye who enter here - 13 on NEX, 13 on LSE cue X-Files music.....

Agreed Grappa - I think one of our problems was always the cyclical news flow with predictable operational patterns making it easy to trade. For instance successful drills hits target, come back in a month for the assay results. Hopefully now that our products are marketable news may come more left field and as the PFS is pieced together we may get the biggy at any time.

I think it probably was the opportunity of a lifetime but I'd be careful at these levels. I completely agree that news of a vaccine doesn't end demand for our products but it will massively impact sentiment. Before I get jumped on I was in at 118p, biggest regret not putting more in or topping up during the doldrums!

Another RNS predicting theory bites the dust though if something significant comes early next week I'll still claim a level of vindication :) Trade, the copper is interesting and frustrating in equal measure. It has consistently shown up in shallow and deep drilling for years but it still feels like we're no closer to knowing what value it might add. LR did say that whoever develops Toral will be mining copper, will the new set of economics at last put a value on it? I suppose as it wasn't mentioned in the last JORC update probably not.