Member Info for Shedulike

Can you get a semi-detached pair and knock em together? That might be seen as social climbing Jed.

Not logged on here yet obviously but visible on real LSE website even with 15 min delay. Hang on someone buys 345 then 3452..... I suppose mm's making up a trade volume to fill could cover any odd numbers to dispel the myths but that's a good one.

Hello - 11.47 paid, beach huts in demand.

could be - just jumped again.

Quite 10.9p paid, another couple of beach huts chalked off.

Hopefully about to start the rise to 5882.352941176470588 beach huts (Brighton & Hove Scale).

The Nomad likely prompted it but the language is interesting, here is a recent one from elsewhere......
"The Company knows of no reason or material event not yet disclosed to the market at this time to explain the increase". So conclusively nothing has happened to explain the increase, and today....
"There have been no new developments requiring formal notification beyond those included in the Company's announcement of interim results on 30 September 2020". Which appears to be making the point that nothing has happened that requires a RNS but that doesn't mean that negotiations aren't advanced but that nothing final is signed yet. Personally I think if the SP was in danger of racing beyond a sale price they would have opted for a stronger statement like the one I quoted from elsewhere. Still likely to put the brakes on things though.

Ha ha Jed - mind you I hear some of those beach huts on the south coast go for unbelievable money. I'll do my bullish valuations in beach huts from now on.

Thanks B1ll - I hope so and maybe see you back at EUZ one day, keep an eye on it though lot's coming up. Hope EUA get the definitive resolution soon and funds are aplenty for new opportunities, think the cart is being put in front of the horse to some extent here as we're not home and hosed yet, if you're holding for the endgame that is.

JMA46 - I don't think we can quite say 'fully funded' over at EUZ as it is still unclear if funds will get us through to a complete PFS. B1ll don't blame you for being unhappy with EUZ but the CEO consistently refused to rule out a placing. There had been talk of non-dilutive options and which is perhaps where investors felt mislead.

Jed glad they perked you up though as I emphasised it's not what I think we're worth tomorrow at 8am but what I think is a very reasonable target given the evidence that I can understand as a layman in this field. Time frames are difficult as if we've all learnt one thing in mining exploration it's that everything takes longer than expected. So I'm thinking of it in terms of what we need to achieve to be able to think realistically of a £100m mcap and beyond. Firstly we need to know officially that the PFS can be fully delivered, we need to know that we can drill again, what we aim to prove and for it to be successful, we need to know that the hydrological programme is completed to the satisfaction of the authorities, I'm a bit vague on this one so apologies but it seems we need to establish smelter compatibility before fully understanding the economic impact of by-products. All the work so far gives me confidence that these work streams will continue to progress successfully, we know that the market always looks ahead in anticipation of an opportunity so as long as we demonstrate that these pieces of the jigsaw are coming together I expect the market to start reacting soon. GLA and again I wouldn't want my enthusiasm to lead anyone to sell the family silver for EUZ shares :)

You're right Brickz the 2018 SS was based mostly based on historic drilling before anyone took the bull by horns and set an agenda to prove that Toral is a mine. I know LR is unpopular here because of the dilutions and also I think due to his idiosyncratic presenting /interview style but from day 1 of his tenure he always emphasised the critical importance of proving we have economically marketable products, that is what will serve us well in the end I believe though I share everyone's frustrations before it kicks off :)

From memory 0.5p old money would have valued the company just under £100m which I believe was and still is an achievable goal, but I'm not saying for one minute we could sell for anything like that now, it is a target. The old 0.5p was 250p after consolidation but if my calculations are correct £100,000,000 equates to nearer £2 per share rather than £2-50 because of the effect of the dilution. I don't see £100m as impossible at all, someone posted the list of top bagging AIM shares of the year on another board and extraordinary rerates are possible when sentiment turns. Look at EUA from 0.45 to 37p in a year, our rerate would only require less than one quarter of that performance to hit my target. Not citing that as evidence that we deserve to do as well just that in this market the impact of low sentiment is so crushing that when it turns the slingshot can be extraordinary. This is not to encourage anyone to invest or buy more just my thoughts.

Better basically 10BT - I'm no expert in valuing a mine, oh you knew.... on this mornings evidence I don't even know how many shares we have in issue :) So I look at the things I do understand - the peers that LR compared us to and their valuations. The NPV in the old SS when the resource was smaller with no indicated, we had no metallurgy, no geotechnical study and no hydrology, the fact that we are low CAPEX in the perfect location, the fact that we know the ore sorting will pull in more of the lower grade mineralisation and also lower operating costs. The NPV will only get better and with a PFS you have a better chance of selling nearer to your NPV.

Yes that's why I said "Just moves on nothing...", I've been here long enough to know this applies in both directions :) the important thing is to get some solid building blocks in the form of positive news to underpin this dam thing once and for all.

Just moves on nothing doesn't it. That's why I'm convinced if we come back on the radar of the wider investing market with solid good news just about anything is possible.

I think that must have been someone else as I rarely comment being very badly researched. Something makes me nervous over there while I'm relaxed and confident here despite the contrasting SP fortunes. I don't mind the Pirate stuff, I think Tilly writes very well. Maybe TW did get to me a bit, I know he got burnt with his short but he has had his hits as well. Mind you he tried to undermine NCYT when it was £2-3, now look. Interesting that he has never attacked EUZ.

Let's hope he is the Messiah! Trust that isn't blasphemous or offensive to anybody. CHRI5P I'm sure you announcing your sell on the EUA board would have received a calm and measured response. If you could drug test a bulletin board EUA would be the first candidate :)

Hi Chaps yes I had similar plans as I still have some ISA space though has EUZ set sail without me? Still have way too many of these though not in CHRI5P proportions! That must be one of the biggest PI holdings. Does anyone remember a declared private holding from the FCR days, it was somebody like 'Mr & Mrs Fotherington from Paignton', wonder if they're still around? Hang on did I dream this?

Looking a bit better - is that 10.32 paid? One of the more encouraging things this week was the drop after the Final Results which seemed to be cushioned rather than freefall. That's the thing with EUZ is all about the manner in which it drops :)