Member Info for Shedulike

Yes there's usually a way round these things I accept. Personally I think with Dir buys now there would be a danger of it looking bad given where the SP is and there would inevitably by squeals if there was the merest hint of tokenism. The fact is with their options they are in the privileged position of not needing to buy on the open market so it's probably a waste of time us all going on about it, talking of which I'm late. I think LR resigning from Bezant is the more significant news today.

Not at all happy about everything of course before I get called a ramper! I have a feeling all work streams could become increasingly confidential as it doesn't make sense that nothing will be complete before consolidation. If that is the case I hope we will be told clearly and definitively why and we're not all left speculating on here. GLA, hectic day ahead so not ignoring anyone following up.

Just on the subject of Director buys I remember LR telling me that anyone with access to the data room has to sign NDA's and are then effectively an 'insider'. One of the restrictions is that they then can't trade our stock, that gives us protection from a major for instance getting privileged information and then acquiring a stake on the open market. The NDA doesn't have to be RNS'd as it is considered normal course of business. Just wondering whether once you have established a data room Directors also can't buy as they would naturally also have access to the data room and be similarly restricted? One last point I'm sure it would be possible to find examples of companies RNS'ing that a NDA has been signed but interesting that it isn't a necessity suggesting it might be done to create excitement in the stock. I know we often get frustrated with the downbeat comms from EUZ but it gives me confidence that we don't engage in those tactics.

A first time for everything Bobby :). Talking about Non-Exec's options I wonder when we will see these fabled flow charts that Dr Kirby does to earn his corn? Come to that I wouldn't mind seeing his time sheets as well....

I have just voted against the share options for all the Non-Exec Directors. It will likely go through of course but I did it as a protest against the fact that the company has never bothered to demonstrate to shareholders what they actually do for us. Dan Smith is Company Secretary for I think four other companies and has numerous other Directorships so very part time for us. On that basis 100,000 shares (post consolidation) is ridiculously generous. I hope anyone else in agreement will take the time to vote so at least the message might get through.

Probably best to mug up on the company before commenting.

The fact is a RI gives you the opportunity not to be diluted, but as Oil correctly says you are forced to cough up to achieve that. I agree that being compelled to raid your personal cash reserves to avoid dilution is a negative but I'm more than happy with the last one that I participated in. In this hiatus leading up to consolidation we're in danger of obsessing about dilution when it really isn't likely to be required, there are a multitude of funding options. The consolidation has clearly caused a little hysteria and it's understandable that its had an unsettling effect and obviously provides fertile material for de-rampers. Before I get accused of being a ramper (again) I'm not happy that the met news that should be due is now coming after consolidation. I'm also not happy why there is secrecy around who is doing the ore sorting, but putting together the information I've gleaned I'm certain that we have 'sunlit uplands' ahead. All good.

Good point Rusty I confess I had forgotten about TEMI when I posted about share buy backs. If the gold price remains strong perhaps both will be possible eventually?

Yep CH it’s a shame that the excuse is often used that they’re more expensive to administer than a placing but gives the PI the opportunity to not be diluted. When POG was on its knees they did the decent thing and let PI’s retain a “meaningful” investment with a RI. Thing with EUZ is you get to buy below the placing price anyway :)

I completely agree Rusty, I was just musing that I'm not sure I would have stomached a five year plan at the time. With what I've learnt along the way to rescue, stabilise and now grow the company in that time is a great performance. If gold keeps going up I think we could easily hit £1 assuming we have the cash to tackle the debt plus instigate a share buy back programme. I would favour that over a dividend.

I am confident that EUZ do not intend to dilute after the consolidation but the 50% is prudent. In negotiations either with a financing entity or full JV partners they have to know they are not the only game in town. In the worst case scenario that we don't sell, achieve satisfactory finance or cuddle up to a bigger player then dilution would be a bitter pill, but sadly the only medicine to protect shareholders against insolvency. In the real world a junior explorer with no income (yet, and don't rule out EU dosh.;)...) simply can't take dilution off the table. Right, my least favourite driving destination (Oxford) beckons and my air con is broken, misery awaits).

Anyone other bell ringers who want to cut to the action and miss all the banter including Pavel's bubbly speech just jump to 9min 16s. He does win the tug of the clapper completion hands down though.

I enjoyed the gag at 28 seconds.

Paul it doesn't matter I'm just interested in campanology :)

Milnrow I strongly believe our SP will increase with the mcap once the results of the current work streams are public. Seems that's going to be post consolidation now which is at odds with previous timescales, certain work is also now confidential for the time being. The purpose of my last post was to clear up a misunderstanding over the relevance of the 0.02p figure quoted in the RNS, if we close below 0.02 on the 16th there will be no dilutive impact, it was just for illustrative purposes. GLA

Anyone else unable to open the link in the RNS to the opening ceremony and Q&A?

Good to be busy Welsh! Tomorrow should be interesting, I can't even remember now what my expectations were when I took part in the RI all those years ago. Interesting investing psychology because I wonder if I'd known it would have taken 5 years to get to 30p in 2020 I would probably have concluded that there were better opportunities out there. With hindsight a good decision but how many of us would have accepted a five year turnaround at the time?

...... following consolidation we will all hold the same % of the company that we did before. The 0.02 figure was just quoted as a worked example in the RNS (being the price at that time) to demonstrate that your holding will be worth the same at 6-59am on 17th July as it did at 4-30pm on the 16th July (pre-opening moves apart). What the market does to your shares subsequently is anyone's guess but there are no dilutive implications of the 0.02p figure, the consolidation is not being worked off that figure.

You do have to wonder about collusion, we've known all day that Moscow trading starts tomorrow. Okay it's not guaranteed to send the SP flying but likely to be some excitement first thing and yet the SP is flat all day until everyone gets to pile in last minute.

Hi Freddie, I hold POG shares but I noticed on City Index it closed 30.69-30.96