Member Info for Shedulike

Well done Teaye, I'll order three as I'm sure Paramount would like one as well.

Paramount you are very excitable today, even for someone with such a clear obsession with LR. Is there something you'd like to get off your chest? "Enough material there for a conference!" An EUZ fleece for the first person to reference the quote from a classic British sitcom.

Yep Teaye all very good and more or less confirms that there won't be a problem with the exploration licence. Laurence mentioned the graduates from Salamanca Uni a while back, seems like it was all connected with getting a firm footing in-country. Great thinking and bodes well for the future.

Fair enough Trade you have better info than me then. How on earth can we be down on unequivocally good news? I guess we still have to overcome the best part of 12 months of low sentiment to get over the sell on news effect.

Are you following it on Google Trade? They just show the last trade so things always look more volatile. Looking at LSE and NEX 11.25 looks about right for the mid but I don't have L2.

Nice pic of the bore hole on Twitter.

Good stuff Brikz. A leak was probably inevitable when you think how many bodys were involved. The AIR Institute linked to the Salamanca University, the CDTI itself plus the drilling contractors.

There have been more trades on NEX than on LSE this morning, 14 so far.

Hope so CHRI5P though EUA haven't sold anything yet, I'm still a bit jumpy with that one. Really expected some volume here on the news, perhaps some media later?

Oh forgot to say anyone who has been around AIM for any length of time will know it is littered with casualties who claimed excellent in-country relations until the wheels start coming off and things turn ugly, good to know we are definitely a welcome presence in the region.

Really interesting RNS, not quite the 'back of the net' status that a wad of free cash would have been but the implications are intriguing as CHRI5P points out. It really beds us into the region not just on an exploration level but R&D and education. Totally vindicates LR's decision to take on those graduates from the Uni of Salamanca which is clearly linked to this agreement which in itself could pave the way for further assistance. Even looks like a little bit of belated upside from the deviated drill in Jun 2019 :)

Well don't bother then - to be honest mfm that's a pretty pathetic comment, you will find him very communicable if you take the trouble. You won't get anything price sensitive out of him but if you want some info on past transactions I'm sure he'll happily talk to to you. Grow up.

Yes he has, I think a 2018 presentation references previous transactions. Just ask him.

Yep Brikz will be fascinating to see which strategy wins out for shareholders in the end. LR once said the worst way to sell a company is to state you're up for sale. Well we've seen just that approach play out well in terms of SP for another AIM company but as yet no result. Who's playing the cannier game I wonder?

Just to break the awkward silence and so we don't have a blank day, here's a Sunday post when traditionally I predict a transformational week for EUZ. I see some AIM explorers getting over 100 posts on a Sunday and it makes you wonder what that sort of volume could do for us. In another place you see FOMO getting mentioned a lot but really that's a pretty flaky way of hoping for an SP rise, much better that we start attracting the herd back on solid news flow. This week anyone? :)

Not sure how the ore sorting reduces Capex except I remember LR or Myles saying that some aspects of the plant can be smaller. Obviously you have to invest in the ore sorting equipment itself which won't be cheap, nothing is. The operating costs are definitely reduced as you are carting less waste ore to the smelter, so a positive impact on transport costs and smelter fees I assume. Seems the biggy is bringing previously non-economic areas of the resource into play as Trade says.

Only just over two years between Tweets and the latest from an interview in August. At least you can't accuse EUZ of being rampy!

I think the Twitter post is an oldie from August after the metallurgical results. The last RNS appeared to have leaked so maybe news Monday? Hope it's not just the bore hole and we've decided to branch into spring water. Toral Springs does have a ring to it though and a bit of cashflow isn't to be sneezed at (into your elbow though please).

I think the problem you identify BB is probably specific to mining exploration and O&G particularly. There are other sectors where cash generation is a near term prospect. You ask if anyone would invest in a company like this again - I'd agree that I have learnt a lot here about timescales and cash requirements so no I would never enter an operation like this on an inferred resource and no metallurgy unless cash was extremely healthy. Looking back when I was first tempted here I would now want to see at least £10m in the bank or dilution is an inevitability. However would I invest in a company in the position EUZ are in right now with a proven indicated resource and proof we have marketable products? Yes I would though I admit cash is still a concern. Basically the investment case where we stand now rests on whether you believe we can achieve alternative methods of financing or not, a couple of bullet points from the Annual Report:
• Development of third party engagement through concentrate marketing partners and directly by the Board to establish value accretive pathways forward for the Toral Project.
• Continuing to pursue and evaluate potential transactional opportunities for the Toral Project or the Company itself in order to seek to increase shareholder value.
This is the most specific they've been on this but we need to see some results because with the history of dilution investor scepticism holds sway on EUZ for now.

I really would have thought soon but I'm traditionally over optimistic on news timings. Feels a bit like everything's on hold until we get Bara's updated economics. Would be good to hear about the exploration licence and what the strategy is.