Member Info for Shedulike

I've tried everything Bobby, couldn't be happier with today's rise - even Paramount Unimportance will be spreading the love at this rate.

On a serious note Trade, DB will want significantly more than the 12.75p they paid, their previous participation in a placing was at 12.5p also. Of course they still have stock from the 7.5p raise last year, could that have something to do with the apparent floor we have seen? I don't remember if you were around last year but DB only reduced their holding so I would only anticipate similar profit taking / de-risking based on their previous strategy. Nothing is certain and I guess whatever they do will depend on news.

I don't think I've been this excited since........ oh yeah the last time we shot up only to sink back down :)

Yep can sell a decent quantity at 8.54 so the spread is tightening. On the official Party Balloon Scale we have just ticked from shrivelled to semi flaccid status :)

I miss the good old days when people still bothered to include the "My mate in the City...." bit.

That is weird they don't even seem to be on time allowing for the 15min delay these days.

Have a feeling everyone will be here soon. As ever the real spread is smaller, I have just been quoted 8.225 to sell. My account isn't funded so can't do a dummy buy but Google is showing 8.89?

Volume is dreadful though agreed. We need some news that will sustain an improvement in the mcap. To date we react like a party balloon that quickly inflates then a few weeks later is found shrivelled up in the corner :) Laurence you can put that in the next presentation if you like.

Look at the Oct 19 presentation particularly peer comparisons. ADT1 were interesting for me they had a mcap around 130m soon after that. Factor in what we have achieved since then, first indicated in JORC later that month, then the mega drills earlier this year converted into a 40% increase in indicated this August and I don't think £100m is unrealistic at all. The problem has always been funding with EUZ, the actual asset is the last thing dragging our mcap down.

I was only told that they could drill again without it not definitively that they would, but some time has since elapsed. Is this the start of our glorious rise to being £100m mcap company :) Seriously if we hear about a clear funding pathway to complete a PFS, then with our resource that is not in the least bit unrealistic.

Thanks all, so perhaps we still can drill again without waiting for the permit. Wonder if Bara's current work will inform the strategy and they're waiting on that.

Does anyone know when exactly in Nov the exploration permit runs out? I enquired after the new application was made if we could get another round of drilling in before it expires and was told we could. Because of that I expected rig mobilisation to be one of the first pieces of news but we haven't heard anything yet, I'm not sure if we could proceed without it now so maybe we have been told to hold our horses until the new application is processed, I guess even within the course of a permit you still have to inform the authorities of your movements on the license.

There's some truth in that Bobby but a lot of the big decisions come from ideology. Blair wanted his war and Cameron wanted to nullify UKIP. The politicians delivered a disastrous war which has further destabilised the Middle East and unforeseen series of events following the referendum will now cause the break up of the UK. Anyway I won't say anymore on it, if anyone wants to disagree I'm not ignoring you just closing this little episode from my side :)

Well Tony Blair took us into an illegal war and you can't get much worse than that so you might be onto something there Bobby :)

We're going to be the sick man of Europe again after Brexit.

Quite - you'd have to be criminally insane to vote for this lot again. Johnson was never fit for public office and has done nothing to disprove that to date.

Yep very easy when they're making a complete Horlicks of absolutely everything.

Always amuses me that the only thing supporters of this bungling government can cling onto is that it MIGHT just MIGHT possibly have been worse with an alternative administration, hear it all the time in the absence of any actual positives. I think the danger is that we will still be tainted by our UK connections and being Oz inc still doesn't make us European.

Yep Trade - the strategic significance of Toral for Spain and the EU recovery is completely overlooked by the market IMO. The bush telegraph is hot with talk of reindustrialising Europe, and cutting the dependence on China in the supply chain, but we need to see some evidence that LR has positioned EUZ to benefit from this. Just hope the cavalier buffoonery in UK high office isn't damaging our chances.

Even if it wasn't granted it wouldn't negate the successful work done to date so hardly game over I would hope. It would raise serious questions about our relationship with the local authorities however. Personally I think its a formality though note how all London AIM listed stocks working in foreign fields claim to have excellent relations with their hosts, yet so often it turns ugly. There's no evidence of that here though, I haven't found any controversy over EUZ in the jurisdiction online and there is an open forum on the local engagement website which is very quiet, certainly no dissenting voices. If there's nothing on telly take a virtual tour of Toral de los Vados and you'll see an industrial town with extensive quarrying and while their environment (particularly attention to the River Sil) must be respected this place expects to have mining. We're not talking attempting to frack in Lancashire or trying to mine potash in the North Yorks Moors National Park. Don't part with any hard earned on my hunch but I have a feeling this could be a big week for EUZ :)