Member Info for Shedulike

I was told in mid Sep that we don't need the new exploration permit for the next round of drilling (which might even be the last for all we know). However it looked tight then and unless we hear of rig mobilisation soon I would have thought the Nov expiry would be a problem if not renewed. But hey what's another little thing to worry about with EUZ.

Sorry v busy Props - read the post - not ignoring :)

Props I think there is hell of a lot going on that we don't know about yet. I know it's hard to believe after a month with no official news but I've heard that they're mega busy. Someone else on here who's had comms may wish to expand, it's not my info.

Thanks Jed - a few children kicking out because things aren't working out and blaming everyone rather than taking responsibility for their own investment decisions. The comment "I shouldn't have listened to any hype" says it all, seems to me that certain folk are admitting that they invested on the basis of a chat board conversation rather than doing their own research. If anything is embarrassing then that is really up there. I'm almost embarrassed for these sheep. Ps. A verbal double negative is forgivable but to write it.... "Don't expect nothing from this", give me strength..... reassuring to know that your detractors are idiots.

Haha yes no stickability that's my problem Bobby.

Those are fair sells though I must admit. Okay I've changed my mind, permission granted for everyone to panic and sell up.

Zinc is still way off it's 2018 high. Some 'big boys' took stock at 12.75p which, as I always say will be well below what they consider fair value. I don't think anyone is overlooking anything, we've discussed the apparent funding gap for PFS completion. The warrants or EU money may cover it but until that's official many will be put off. The drip of small sells doesn't worry me though the impact it has on the SP is a frustration. The only thing that worries me at all is the deleterious elements for which we still don't fully know the potential impact. They're saying until we have established smelter compatibility we won't get exact figures on the impurities we have but I still think we should have been given more detail.

Fair enough CHRI5P I didn't intentionally exaggerate and double checking it was October 19 that they engaged Citic, I had in in memory that it was vaguely summer 19. I have a bit of EUA from a reasonably low level so if it does sell for over £1B I'll be extremely happy. My point really was that until they deliver an asset or company sale nothing is in the bag. They certainly have some sexy metals but like you I certainly favour our location and Zinc is tipped to get very hot.

Interesting that Bricks, they've had the 'For Sale' sign up for over a year and the RNS yesterday was not much more than a morale booster to hopeful holders but they haven't delivered the sale yet. EUZ has a different culture with LR as yet refusing to commit to a sale, JV or go it alone. It's not pumping the SP like at EUA but I'm more confident of a result ultimately here. I do think it's just worth contemplating that you can get the 'we're for sale' flags out all you like but we could be sat here hoping this time next year just like at EUA.

Let's hope so Brickz. Surprised we haven't had an update on any of the work streams for over a month, not so much as a borehole! Hardly surprising that some traders will fold if they don't get a quick result and down we go on low volume. I remember someone who had been bashing this for ages declared a position for a quick trade about a couple of weeks ago, people like that are happy to exit with a loss rather than stick around. Not knocking their strategy, after all I'm now down in both trading account and ISA. Confident of big news soon though, aren't you? ;)

Some sort of arbitrage play petra with the CB's, or surely the rise from 10p would have been too punishing. Must confess I'm not 100% on top of it so if someone else wants to explain exactly how it works then do step in.

Hi Petra - if you want the official figures updated daily go to the Financial Conduct Authority website and look for 'notification and disclosure of net short positions'. Holders of positions above 0.1% (lowered due to CV volatility) have to report to the FCA not Shorttracker or London South East who are just tapping into the FCA figures. I see Shorttracker show that they went to 5.2% in June which I missed on official reports so if correct you're right to point out that they have come down from that figure.

Agreed CHRI5P.

Agreed CHRI5P.

Not updated on here but Polygon increased their short on 6th Aug, Citadel must have crossed the reportable threshold or opened a new short reported on the same day. Guess they anticipated the votes result and are betting on the corporate uncertainty. Just have to hope the interims reflect the early power of POX and the new flotation capacity isn't delayed by all the hoo-ha!

Yes they do seem to be emphasising the significance of being high grade, hopefully that's what caught Conrad's eye. As for the copper - it's still the great unknown, could the ore sorting have something to say about it or would we have already heard something about it in the initial ore sorting analysis? Probably now I think about it.

Maybe Brikz, though MC did say we're too small for Lundin, there again he also said we had non-dilutive funding optionality last December :) In any case why did Lundin have Toral in the first place if it's too small? If it's a profitable and strategically well placed mine with Silver I wouldn't have thought size really matters. Right back to hauling hardcore before my floor goes in.

Hi mate - what sort of figures do you think we might be looking at from the warrants? If we can JV or sell after PFS it will be from a much stronger position. Dare I say it.... total speculation... but it had been rumoured that CB might have wanted to bring in one of his vehicles, perhaps LR and MC wanted to go it alone until after PFS at the expense of a placing. Could that explain the parting of company, personally I wouldn't be surprised to see him back at some juncture. Guess it will all become clear eventually.

Morning Brikz, a couple of dilutions since then of course as you know. Interesting that was the last time they rustled up a detailed brokers note, unless I'm mistaken they have only managed 'flash notes' since then. Perhaps we will get a full re-evaluation after the Bara economics. Interesting they cite lack of metallurgy in 2019 (as well as risk of dilution..:(..) as the main technical risk to the project. Well that's pretty much sorted now so what an entry point this should be for new money, roughly a 30% discount to the institutional placing at 12.75p which in itself would have been beaten down from fair value. I have to agree that this funding gap to complete a full PFS is weighing on us I just hope they have a plan and it isn't more magic beans.

Some interesting reading on Zinc on LR LinkdIn. I think they should give Dr Kirby another huge tranche of stock for taking the time to send Laurence that link :)