Member Info for Shedulike

I'm not great on the market shenanigans but wouldn't that suggest that the mm's competed for that sell?

Yes I hope so Oil and we have the new battery technologies coming through. Projects obviously aren't sold on spot prices but long averages and forecasting so let's hope we have a buyer. Interesting that sell Teaye, would rather see a big buy but in a weak market you would have got under the bid for that size of sell. The seller actually got a small tick up from the previous sell so looking god (IMO).

But you can have an advance offtake agreement with a buyer of silver, it doesn't mean they have to buy the zinc or lead as well. Admittedly there would have to be a market for the non-precious metals as well as Oil rightly says the ore goes to smelter as one. Maybe the mining licence is more advanced than we know. Don't get me wrong I'm hoping for an outright sale but I'm being realistic and won't get many 'thumbs ups' but the outlook for zinc looks pretty grim, like I said there are stockpiles of it and if you look around most big producers are cutting production. Would be very happy to be proved wrong.

On a similar theme - this is interesting (I think anyway) from Robert Peston - "My argument is that the boundary been public sector and private sector is being redrawn for decades to come, in an analagous (analogous, tut-tut typical broadcast media!) way to what happened in 1945".

Well done Storey, definitely worth pressing him further then as that is more fleshed out than my reply. Personally my guess is that something will be done with silver as it looks like the big zinc producers are cutting production rather than looking for new projects. Still not ruling out a direct investment, talk of re-industrialisation of Europe going about and we could yet see the type of government or regional government intervention unthinkable in modern free market economies just a few months ago. Now where's my GLC Donkey Jacket? Power to LR! Power to the People!

I've never really considered the possibility of POG being a target, but with our state of the art POX hub we must be the envy of the industry. Anyone who might underestimate the achievement of getting POX off the ground should watch the link posted by wraith at the weekend, very impressive (thanks wraith).
https://www.mi*ing.com/web/miners-buck-ma-slump-with-pandemic-gold-deals/

Hope so Oil perhaps in tango with a bigger player? One issue that is nagging with me is that it's been seven weeks now since budgetary measures were first officially raised and in the interlude there has been justifiable speculation that their non-appearance could suggest a deal is being struck. Problem is that if they do suddenly appear it's an open goal for the knockers who will no doubt push it as evidence that we're on our own and that the begging bowl will come out again. Clearly that isn't an inevitable consequence of budgetary measures appearing before other news but I fear that yet again a delay has created a fertile environment for disappointment. Best start the day on a low and build up from there :)

I agree with much of that Storey, you do see the buzz elsewhere on AIM when some exciting new pics land on Twitter. But I also think it's noteworthy that LR does it all through LinkdIn where he is talking to his professional network as well as us. I also find the cr*pness of the website oddly reassuring, you can get a flashy website for less than five minutes of lab time at WA * but I know where I'd want the money spent. *might have guessed that.

Not telling anyone what to do as it's your decision but I tend to restrict emails to things that he can freely talk about - technical questions when I want a better understanding of something for instance. However I must admit I cracked today and broke that rule - I can confirm he's not giving anything away :)

Okay no gardening fans out there, don't you know it's the new rock & roll? Tough audience. Is the ask creeping up a little, we could do with some volume really.

Ps. Apologies to anyone on tenterhooks I didn't follow through fully on my own advice and I think my climbing beans took a hit last night.

All the evidence points to some sort of deal being worked, I guess we're all hoping it will bring finality to this story but of course it may be some sort of financing mechanism. If that's the case I certainly won't be celebrating until I've got a strong grasp of what we have given up to secure the cash. During the crisis I'm sure many of us have been concerned that the crushed markets could force a bad deal but over the last week or so I'm convinced that these unique circumstances could be presenting us with an unexpected opportunity. Whether that could be a direct injection of cash or simply that massive EU investment generally creates a more positive environment in which we can flourish. Don't forget we do have a few more boxes to tick - deleterious testing from second zone, met to establish better spatial representivity, more hydrology which seems to be about mitigating any risks to the River Sil.

Talking of which don't forget to protect any tender plants already out tonight.

Great stuff, positive signs - I was concerned we'd starting pulling back towards 26p after 10am. Mind you didn't think I'd ever be saying that back in November!

10BT look up the motto under the 'Welcome to Royston Vasey' sign and your fate will become clear.

Cheers Newbie - been browsing a lot of relevant material today and there are themes emerging which could be cause for comfort if you're a shareholder here, particularly a re-thinking of global supply chains to shift away from a reliance on China. Suggestions of direct investment in Europe in infrastructure, mining and energy. I wonder if despite this awful crisis we might...... just possibly........ maybe and with a tail wind find ourselves in a sweet spot for once. With all our cash worries and investor concerns it's easy to forget that this is an advanced exploration project now, ripe for the picking (IMO).

Interesting points Bobby, for clarity I checked back and my first buy was at 0.12 July 17 just after the disposal of Moonlight as the focus moved to Toral and Lago, so perhaps a difference of perspective accounts for some of our differences.

Personally I don't mind admitting with hindsight I got it wrong - invested far too early and find myself down. I would never invest in a mining project again until the metallurgy is in or at least a near term prospect so that non-dilutive funding becomes an option. Live and learn. Because I believe in the project I have had to average down on the placings to have a meaningful investment. I have my own criticisms of management but they don't include the absence of ramping though I have called for more energy in the communications, perhaps only a nuanced difference. Of course when I first got into FCR I hoped my investment would grow steadily but it hasn't turned out that way. There is potentially a successful exit in the endgame, that doesn't mean I always believed that to be the only way of achieving a positive outcome, things change. I have had stocks that have performed badly before that I didn't believe would end in success and so I sold up what was left. It's a horrible thing to do but you feel better about your portfolio straight away.

Just checking in and looking at some stocks (that I'm less involved in) there's many more posts, that is more than none, Just to expand on your Fri evening post Oil, I just don't see LR as a 'promoter' in the usual AIM manner. In fact he seems completely adverse to ramping the project. I could yet be wrong but I've always felt with EUZ that they recognise the futility of pumping the project short term and it's totally about the endgame case. LR seems to go out of his way to be brutally honest about the risks and I think that comes as a massive culture shock to many AIM investors who are used to being promised the world.

Yes I agree clarity is overdue - sorry brief, cooking.....