Member Info for Shedulike

Hackss in May (after all the events he cites as evidence that the company will place) "I have ran (sic) some figures based on JV and have been very prudent and calculated risks, tax and counted for costs excessively and calculated a potential SP of 3.12 (OLD MONEY) which would still be well worth the wait on this. This is based on not mining to the full potential with regards to smelters costs, transport arrangements etc. Anyone else here have a provisional figure on JV which has been calculated?? Totally discredited.

Enjoyed that Stix (Re. Evel Knieval). Musk must be a genius, how he got off that defamation charge after calling the cave diver 'Pedo Guy' I'll never know. Money I guess...

Here are some famous Buffet quotes which talk of betting against the markets verdict "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful". I also have faith that this applies to EUZ “Time is the friend of the wonderful company, the enemy of the mediocre.” Also on referring to stocks that fall way too low on poor sentiment “Remember that the stock market is a manic depressive.” From George Soros the Hungarian who broke the Bank of England, "It is an old joke that the stock market has predicted seven of the last two recessions. Markets are often wrong.” Also “The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong". To be fair you could probably find some that suggest the market will eventually be right, but that's the point I believe the market has got it wrong here by marking us way too far down on funding fears of a placing which is real but not an inevitability. If you believe we have funding options as I do the re-rate could be utterly incredible.

For balance I have actually discussed with LR about making PR comms more energised. I remember how the market reacted positively to the video of the cores last summer, but I think they might have got their knuckles rapped by the Nomad. Actually that's a good example because the SP raced up on the visual mineralisation but when the assays came back they had to admit the "grade of the overall intersection was lower than anticipated in this area" and despite the very good results from the hanging wall we dropped badly on that RNS. A classic case of creating over expectation. I think LR has learnt from that and is ultra cautious now. It has been frustrating as we have suffered the demoralising SP but they have concentrated on getting the actual work right which is the important thing and the market will catch up. If you had CFD on EUZ you would likely have been leveraged out by now unless you had funds to keep covering your margin but the beauty of holding real stock is that you can wait for the value to be realised - that's if you can take the psychological pain of being underwater and worse still reading this board :)

You can turn that around Bobby. There have been plenty of AIM companies where the CEO has been a brilliant salesman, tells a great story and the SP has done fantastically. Would that be the market getting it right? Not when the company then falls flat on it ar*e. The market can get it wrong both ways. Ps. Not attacking you I just happen to disagree on this one.

I hadn't told my wife about EUA but she caught looking at Google Earth images of the River Sil and wanted to know why I was planning a secret trip to Spain - awkward, luckily she didn't insist on seeing the position of my investment - hopefully that won't be an issue soon :)

Quite Oil & Bricks - probably top of my personal EUZ highlights reel was when they had to turn the grade detection gizmo up to 11 to measure the 025 core at ALS Labs. If we get them in the JORC surely the old NPV will be a speck in the rear view mirror.

Jedster the mets are already good. Silver recoveries the highlight of the first phase. Zinc greatly improved in the second phase. We have crossed off Bismuth and Iron but are waiting to see if we can surpress some other delets further. My guess is it could be Cadmium and Mercury as they had those at Rubiales. What we're waiting for is some better spatial representivity to derisk the possibility that are good findings aren't just a lucky strike and an operator can be more confident that the mine won't underperform. The ore sorting is also important as it could potentially make lower grade areas more economic. So lots to look forward too.

Yes Mikey reduced wages / more options are in shareholders interests. It amuses me that some posters think I am blindly ramping the company when I openly told LR that I didn't vote for the new round of options because I felt the strike prices weren't ambitious enough. I am positive about our prospects but challenge the company regularly, forcefully and directly, the bed wetters who winge constantly on here but didn't show up at the GM are pathetic.

Hi Bobby good to see you back, you say this "Today was a good day, any rise is good but this is on no news and is probably just re rating back to where it was anyway when the consolidation was announced ie: 0.02p or 10p in new money, does anyone actually post this ? of course not but its the reality and what people other than the hard core here want to know". You must have missed my post from 11:30am "I suppose it makes sense to get back to the 0.02 range in old money as it sunk from there on nothing but sentiment". Thanks don't feel the need to apologise as we all make mistakes. Such fun!

Panic stations everyone Hackss will remember to take his laptop with him on Monday!! Hackss just so we know that you aren't out already why don't you tell us now exactly how many shares you are going to sell on Monday and we'll look out for the trade? You keep banging on about a placing but you still haven't explained why you were confident of a JV in May. Just for fun another classic from Hackss in May..... "Definitely, judging by yesterday’s volume, the fact where (sic) EUZ is in (sic) completing the mining license ready for sale. I think this is going one way up only. I’m selling off my other shares today to trade into EUZ and transferring money out now to top up this as much as possible.

Wow Jedster you're not easily pleased! :) I would have expected approx 10% difference between JSE and LSE because we had a couple of up days while they were suspended but for the actual value of each share to be so different is odd. Bodes well for Monday when hopefully we'll catch up.

Just had a panic that we might have been confused with European Metals Holdings again. Don't worry just checked and they haven't had a RNS :)

The Romans will be celebrating at Las Médulas. Hopefully we'll celebrate at Toral.

Yes Shandy LR is on record as saying whoever develops Toral will be mining copper. I think its one of the big motivating factors for finding some financing for further exploration. Why give this away and let someone else get all that value before we've had a chance to prove it up.

Don't be silly Jupes, you are allowed. Just the other day I was talking about the placement and LR's mitigation for it being so bad and I said the blame is nevertheless firmly at the door of the Board who failed to protect shareholders. See I question certain things also.

No not at all, moan all you like, it's a free exchange of opinions it's just so pointless at this juncture where everything bar the SP is looking good. I've done loads of moaning over the years - it's just amusing to me that it's all stopped on no new info but a very slightly rosier SP.

Razel not criticising you but the spread is only likely to hurt you if you're looking for a quick flip. I took some at 5 and just missed out on a lower figure (had to NT), only time will tell if that was a good decision but the low ask looked like an opportunity even though the bid was miles lower. Not giving advice, after all I'm here sitting on a big loss..... but the reason I bought was because of the mcap v the asset. Just because the mm's wouldn't form a fair market wasn't going to put me off. That 1.8 trade should be investigated by the way but won't be obviously.

Gizz it's what I've been saying all the way through these lows (but def not crowing yet!). All the work has been going well we've just been weighed down by the terrible placing. It really is funny that in terms of the information we have nothing has changed (yet) from a week ago but all the moaners have gone quiet because we've crept up slightly and the mood has changed. I'm not totally relaxed yet until we see the mets. I'm certain that most of it is already in PR, they probably want to pull all of it together - delet's, recoveries, spatial representivity and ore sorting so the complete economic picture is available. We might even see Dr Kirby's flow charts at long last :) My guess is at some point after that we will be informed what the strategy is financially.

PR - It must be way higher. When that NPV was calculated we had no indicated resource, no metallurgy, no derisked hydrology work, no geotechnical work which has lowered the Capex and Opex and I think silver was in a $US14-16 range.