Member Info for Shedulike

You do see some terrible writing around these boards but you can't assume English is a first language, writing / reading impairments etc. In this case no excuse, except perhaps mild alcohol abuse :)

Blimey, 'their / there'. Dunce's hat on.

I agree that a sale is the most probable and practical outcome but in December LR said there is a 'pathway' for EUZ to take this into a mine. In a later interview he alluded to there being more than just the silver giving us 'non-dilutive funding optionality'? I had always felt it could only be copper but here we are almost 6 months on and apart from LR saying a developer would be mining copper we still don't know what the copper means in terms of our value or funding options. I understand people's frustrations as if you are going to make these statements which us shareholders will seize upon then you set the clock ticking on having to deliver. We do seem to always be on the brink of the great reveal so I guess it's a question of trust. If as an investor you don't trust the Exec's then best to scarper, for some reason whether it's there general non-rampy demeanour in interviews or from personal communications I do trust this lot. That doesn't mean they aren't going to line there own pockets, of course they are but I still see an outcome many multiples from where we are now. Only time will tell if my trust has been misplaced. Finally we are in unprecedented times and don't forget the EU Commissioner talking about a €1-2T fund post pandemic industrial recovery fund, maybe funding will come without selling the family silver. Even if it was just sufficient to get past the PFS and get the mega cores into the JORC what a massive bonus that would be!

Cheers Cjen - interesting that he is talking about the project as a 'mine'. That might not sound unusual but as an exploration geologist he knows that a tiny fraction of exploration projects make it to mining. Reminds me of a comment he made to me a while back "We believe we have a mine". GLA

Good day for silver again and also copper. I knew silver has antibacterial properties but it's interesting that copper is reckoned to be a very effective surface coating. Found this from a 2019 medical paper - "Based on its antimicrobial properties, Copper Armour™ is a novel self-sanitizing coating that exhibits bactericidal activity against important human pathogens and significantly reduces the microbial burden of hospital surfaces. This composite could be used as a self-sanitizing coating to complement infection control strategies in healthcare facilities". Now that could come in really handy if there was some sort of bug going round!

Perhaps there's been some bad news at European Metals Holdings and everyone's got confused.

Haha yes I suspect the usual suspects will turn up soon. My guess would be that some have had enough of this wait for funding clarity though. Just my opinion before I get told off :)

Yep that's why he posted it Oil, I was being tongue in cheek about the non appearance of budgetary measures.

More worryingly he also 'liked' an article about CAML increasing salaries during the Coronavirus disaster. What's he planning?

Hope so Bricks, they could apply as the Spanish subsidiary and hope the Ultimate Holding Company doesn't work against us. Anyway get Jésus Montero to make the application - might look better :)

Interesting that LR highlighted a Financial Times piece on his LinkedIn suggesting that the EU will "seek to strengthen critical supply chains and in a report highlight a lack of investment in domestic exploration and mining". The EU Commissioner Thierry Breton said, "The effectiveness of the EU’s post-pandemic industrial strategy will hinge in part on efforts to agree a recovery fund that will aim to boost the continent’s industrial resilience. Mr Breton said the fund should be between €1tn and €2tn". Hope it's not closed to non-EU registered companies - that would be a bit of a stinger!

..... is that after trading sideways through April, the silver recovery may just be starting to build again. This is quite interesting..... https://www.kitco.com/commentaries/2020-05-05/Silver-rumors-of-my-death-have-been-greatly-exaggerated.html

I remember reading about some legislation whereby you can retrospectively seize back a url if someone mischievously registered a url knowing it represented an existing business. From memory it was designed to stop the very clever people who were quick off the mark in buying up url's that could hold value to someone else. London South East might be on a sticky wicket if the real LSE wanted to get tough. Wonder if this gets deleted? :)

It always looked, to say the least cheeky, but I guess they got away with it. I'm surprised the London Stock Exchange doesn't object to them using the acronym 'LSE' in the url but they should have hoovered it up during the inception of websites.

Let's hope the stability holds on another day of no news Teaye & Cahus. Sorry to hear about the Potash Teaye perhaps Toral will be more lucrative, key difference (apart from the obvious) is local support. Can't stress enough to anyone on the sidelines just looking at the numbers, get on Google Earth and you'll see this project is in the perfect location. Historic mining area, road and rail on our doorstep, smelter about 200k to the north and a local population accustomed to industrial jobs wanting more. Nobody knows exactly what's going on in terms of possible negotiations but if this was purely a guessing game I'd be taking back my (reduced) investment as quick as possible.

Haha well done Teaye, increasing your average by buying at 0.024 won't earn you much sympathy from most LTH's! Interesting that you were looking at buying and monitoring the offer, don't want to speak too soon but the market looks so different to most of our spikes. I've always been convinced the mm's have a good idea who's buying and something that happened last Thursday has led to the stability since, rather than the usual descent. Let's see, there have been many well informed posts in recent trading days that suggest that those who look hard for good information aren't just guessing that something's afoot but, for complete transparency I'm not buying at the moment mainly due to personal financial insecurity rather than my feelings about EUZ.

He'll deny it but I think someone got a bit greedy on their entry point.

Monty I think so much depends on our relationship with the potential partners or buyers. In the event of a sale are we going to get fair value after the extraordinary results from 025? They are not in the JORC but as it seems we have progressed the project liaising closely with other entities I'd hope they will add value. If we did sell now the developer would still have massive exploration running room out east and at depth. But for a bit more metallurgical work we've 100% de-risked the central mining area so I would hope any deal wouldn't be exploitative.

Interesting read if you have 6 hours spare. I admit I have only skimmed this but makes a strong case for gold stocks. Interesting on US 'real' negative interest rates.
https://sprott.com/insights/gold-stocks-take-flight/#

You haven't got a short term bullish pitchfork have you Sonic? :)