Member Info for Shedulike

.... what putting a fence under Toral where we're open at depth means exactly in exploration terms?

I might not have been talking about RB. To be honest you can never be complacent with POG as there's usually something nasty lurking just around the corner.

No everything's always been 100% transparent and above board at POG. On that subject, considering we are treated to some epic posts detailing what a basket case this is, it does rather seem to keep going up.

Okay understood BB, I think we could all do with a result at long last. I have voiced concerns before that we wouldn't want LR's and MC's ambitions as geologists to work against shareholders needs for a long-overdue return. I just wonder if given unprecedented events some sort of partnership and a campaign in the east might be in everyone's interests, while the world gets back on its feet.

I don't think it helps to exaggerate, funds are not zero. There has been some confusion over the mining licence as the change in land use went in during Sep 2018 which was a stepping stone on the way to a mining licence. Then in March 19 the regional legislation changed which theoretically should have made it a simpler process but we wouldn't hear about the land use first. True we haven't had an update but don't expect a mining licence before we have finished the hydrology.

The view from across the pond - I physically couldn't finish reading the article, just so embarrassing (fill 'nytimes') https://www.*******.com/2020/04/16/world/europe/coronavirus-antibody-test-uk.html

Bobby because the funding may not necessarily come from a practical mining entity but an investment company. Even if a big miner bought into it they might favour the lower risk option of partnership where they can draw on our years of experience and expertise at Toral and in the region. I think everyone from the board down to shareholders would prefer a complete disposal but I also think from behind our laptops we can underestimate the influence of the local jurisdiction. They can make or break us at the end of the day and they want a mine with the jobs asap. The quickest route to that probably isn't having Toral slip into the portfolio of a mining giant but EUZ being seamlessly funded to move the ball forward. Just speculative guesswork.

Haha Craigy yes I did wonder, possibly why he was a bit short-tempered with one of my emails today! To be honest I don't mind admitting that I do vent my spleen more frankly on here than I do in emails where I'm slightly more diplomatic (though I have directly questioned the salary situation to the top). I don't email often as it's a small team and LR does seem to carry the burden of investor relations but I'm frequently irritated by the lack of detail I get back at times when you ask a question? Overall I'm still very positive and everything I've learnt today encourages me that EUZ are doing all the right things to make this thing work. Definite vibe towards partnership rather than outright sale today which is disappointing in one way but eliminate funding worries and we'll fly anyway.

Well said Al - I'm not particularly well researched on this stock so rarely contribute to the board but you wouldn't think we were up 6.8% today from some of the posts expecting daily 50% + rises. I'm very relaxed to hold here even if there is a big drop as the unprecedented cash flow this company is going to enjoy means the business could be transformed beyond this current crisis. Usual nods to the tragic background to our success and so on.

Cheers Steve, very interesting that the interview was put to Proactive in the States.

Rubbish unfortunately Steve (this is after all my largest holding!) - only decent stocks in my portfolio are POG and NCYT in this crisis, and I don't know if I would recommend entering them at the levels they are currently at.

Haha yes at last, I'm certainly a lot happier. Never heard him speak so candidly about talks with other parties.

LR paraphrased - 'we're always in dialogue, comprehensive B2B report, targetting people we've had in mind for a long time....... without going back to the market'. Good stuff I think!

Much bolder on industry communications than usual.......

Vox podcast out....

Yes Cjen - they mixed up their Au with Ag. Shame we don't have gold it's going nuts. Silver also steadily recovering.

Fair enough B1ll, good of you to be honest about your strategy. Good luck elsewhere.

Okay one more as this amused me from Proactive "The report from Wardell Armstrong (WAI) showed 83.7% lead recovery to 60% lead concentrate, 87.1% silver recovery to 1,350 parts per million gold within lead concentrate, and 77% zinc recovery to a 59.1% zinc concentrate". Is Las Médulas back on the agenda? Only joking I think someone mixed up their Ag and Au.

Thought it might be hard work today so this is my last one. Tsbs which bits specifically suggest to you a cash raise is required? They only mention funding once "Further work on process optimisation (ore sorting) to commence shortly, for which the Company is fully funded". I would like to have more detail of course and we await the budgetary measures which I am critical of the company for not producing first.

B1ll for heavens sake look around the industry at piers and you'll see the Pb/ Ag was excellent before, the Zn was industry average and now after phase 2, I'd say good. Yes I stated earlier this morning that this time last year I didn't know that the metallurgy would be conducted in so many phases so you didn't need to put 'please be honest'. I don't think it is being 'drip fed' as you put it but each phase seems to be giving some conclusive answers but also raising questions which we are addressing. I admit I didn't expect it to be so complex.