Member Info for Shedulike

Ha ha gravity seems to be kicking in - now I remember why running commentaries on SP's are irritating :)

Normally find running commentaries on SP's irritating but we're bearing down on 41p ffs. Hope this isn't just a battle for shares but more the fundamentals, H2 prospects etc....

What a start to trading!

Sorry not Rand - you couldn't pay a fraction of a cent for a EUZ share previously. So prior to consolidation what multiple of the LSE price did 1c represent? Just trying to get a handle on how much more attractive they will be today.

Sure Brikz we certainly don't want to get embroiled in litigation but it didn't do any favours to the image of the company there or here. I'd have thought there will be a lot of demand on JSE today as this is the first time for ages that the minimum 1 Rand per share isn't a premium on the LSE price. Have I got that right?

That's good news Brikz, I wonder if EUZ are due some compensation from the JSE for making a right horlicks of it? Hopefully we have bigger fish to fry anyway - fill your boots mate! (that's not investment advice as Brikz will anyway).

PR you're right in that you see the same thing all over the place in mining stocks where investors hope the value of metal in the ground is what the company is worth - obviously not. However we are way, way beyond the last npv. I would disagree with you on a buyer wanting a return on risk - no, LT shareholders have taken the risk and a buyer or partner will help themselves to a de-risked asset. The risk has been shouldered and but for a bit more metallurgy and hydrology we're home and hosed.

Yep Gizz some of the projections on silver are mind boggling, passing $US20/oz may seem significant but it nearly hit $US50/oz in 2011. The rally may only just have started, check mfm's silver video to see how leverage can work as a SP driver. LR has taken a lot of flak on this board but he has always modelled the economics of Toral to work on modest commodity prices, strong metal markets are a bonus.

Don't forget the NPV was calculated before last summers drilling and the updated JORC with indicated resource not to mention the mega core at TD025 which isn't in the JORC. On top of that we have the metallurgy and don't forget the geotechnical survey which proved a mining model which should reduce our already very low Capex and Opex. NPV is never a reliable indicator of what you might be able to sell an asset for but to be honest the NPV from the Scoping Survey is meaningless anyway give the progress made since. I think that's why LR is considering another SS prior to a PFS, all subject to the great unknown - funding.

Thanks MfM - interesting, when he discusses asymmetric opportunities he could almost be talking about EUZ. Also mentions how few of these mining prospects are to be found in developed countries. I believe the massive upside of our location is yet to make any impression on the sp, we are soon to hear the conclusive economics of our products perhaps when bigger investors start to wake up to the viability of this we will get the reward. Right now we might as well be in the middle of a war zone with hundreds of miles of roads to construct.

Gizz just look at piers and the multiplier from here could be historic. Well we've a good day at last and while one Swallow doesn't make a summer things do feel more positive with metals looking strong. Funny how all the moaners disappear when there's a bit of blue on the board.

6.16p to sell 25,000

Could the slower second quarter be down to work practices changing for CV safety measures?

Yep just did a dummy sell for 25,000 and was quoted 5.9p

Since you said that Lawrence the SP has been dropping , hopefully not another week down the pan by the close tomorrow? Just had a very unusual sensation - actually looking forward to the IRC results on the 31st!!

Propinquity - I hope this is where CB will earn his corn. A lifetime doing these sort of deals (think he's in his 70's now). https://www.bloomberg.com/profile/person/2416371
Just did an image search and I wouldn't fancy negotiating with him!

Good to see the bid creeping up - the 3005 must be a sell. Anyone on here to confirm?

Best of luck Retired B - so you still hold half and we can look forward to your moderating influence in the future. Genuinely don't understand your last comment though?

I don't think anyone knows if UGC are buying on the open market today, this is all about an exceptional H1 report and the market looking forward to H2 and the new GP range.

Are you out now Retired Banker? I think you set a limit order over 30p. Could be a good decision if the Board Room battle ends in a mess, could be bad if GP stays in this range and production stays on track H2 - that's the markets.