Member Info for Shedulike

Hi Numpster - that's all true, I wasn't entirely disagreeing but just wary of looking for positives in something as unpredictable as a possible pandemic.

SwN - It's not something I know about to be honest, I remember Oil saying the same thing a while back though. I would have thought some arrangement could be made but there would be an additional discount for the risk. It's my best guess that EUZ are endeavouring to push the project as far forward as funds will allow to be able to market a kind of 'pre-feasibility ready' package for the next player. It would have been ideal to complete the PFS ourselves but hopefully if, as we hope the interested industry bodies have been following and partially guiding our works (evidence in the last interview) the discount won't be pernicious but fair.

With RB's suspect epidemiology (okay I admit I had to look that up!) and KRSS' dubious meteorology its been a bad day for POG investors discussing the wider world :) On a more positive note the SP seems to be kicking on again.

It didn't originate in Spain - it was excessively reported as occuring in Spain as post WWI the sensors were suppressing the reporting of the illness in non-neutral countries, hence it acquiring the popular nickname. I have no idea if there was a link to pollution from wartime though of course there were a lot of surviving troops with damaged lungs and general malnutrition following wartime.

Numpster while I generally err on the side of positivity I think it would be better for us to see this under control and markets stabilised. Like you say we're in a good place but because of the helpful jurisdiction and infrastructure. There's nothing to say it won't break out in Spain next anyway but the good news is that statistically it's not a dangerous virus, (although that's little consolation for those that have fallen victim to it). It's the unknown at the moment that's causing panic but when the boffins have got a better understanding of it everyone should calm down.

Gam I think the change in land use application will have to go through before the mining licence can be applied for. Hopefully the MAGMA consultancy will come back with that in the bag on time (soon).

That's quite likely I'd have thought Garwool. The MC estimate I think was 3-4 weeks though he seemed to be suggesting they wouldn't start until the New Year but it looks like second phase metallurgy will come as a whole. Remember the "Something in addition to Silver" from the last interview? Well maybe a significant by-product has to be worked through before the deleterious tests can be applied to our recovery processes. Might be a good time to say it's worth looking around at other company's metallurgy and you'll see that there will be deleterious elements so don't panic we just hope they're all below smelter penalties levels. There were low levels of Cadmium at Rubiales but from what I can tell well below problematic levels, the actual figure is in the SS but it took me an age to find last time I looked.

Well if that's correct MyFM we know that LR already has well over 30k's worth of options so he's already liable for Y tax on further awards and of course the capital gains should things end happily, I'd be concerned if they start handing out RSU's! It's interesting to see how 'debates' unfold on these boards and it reminds me of a tactic that has its origins in the KGB. I forget what it's called but its a method where you adopt a nonsensical position that can appear so ludicrous its purpose is to try to off-balance your opponent. It was initially used internally to control local populations but now also in international espionage (see the explanation for the Novichock agents visit to Salisbury). Inevitably the tactic has been enthusiastically adopted by post-truth politics in the States and now you see it here with Boris Johnson and a classic example from Priti Patel last week when she suggested the 8m economically inactive people in the economy can fill the jobs vacated by economic migrants. She was of course shot down in a flash by the interviewer but did she attempt to address her mistake or even justify it, no she just repeated the lie and there's not much the interviewer can do. Unsurprisingly the technique has been subliminally absorbed into social media and you see people doing it unconsciously on these boards all the time. Certain people just make stuff up, get called out, ignore that thread of debate and move onto the next pack of lies. Ah well it won't change, that's it from me on here for now I think we're near the end anyway and looking at trading on Fri everyone has taken their positions.

Sorry to disappoint you Bobby but I've never been upset by people making sensible negative points (I have made plenty of my own), you are of course welcome to say what you want and for the most part I ignore it because debating with you when your position is completely incongruous is generally pointless but when you start lying I'll step in.

Thanks for a perfectly timed and most apposite example of the disinformation being peddled by de-rampers. On exercise, options are assessed for income tax and any gains on the options are subject to capital gains tax. Lies upon lies.

DJ - Nobody objects to a sensible debate but those on the negative side of the argument seem to resort to ridiculous hyperbole which is bound to get investors backs up, who said 5p??? (0.5 has been discussed). You say that if LR does manage to sell Toral then you advise holders to "Take your profit and run . Because the boom times won't last for long and there will be more dithering and dilution to come". Thanks for the financial advice but if LR does sell Toral it's not a decision we have to make. Also not quite sure how you think EUZ plan to dilute stock after selling the asset, quite incredible you don't grasp that our holdings won't represent a share of the asset following a sale. I generally try to avoid conflict but honestly mate that post was clueless.

Yep AM goes without saying we're not 100% home and hosed but it's close. Its been a tough journey and I hope everyone gets a result here, even including those who through their own disappointments seem to be on a crusade to magnify anxieties for everyone. If all LTH's are honest with themselves (as Bricks has often alluded to) we got it all wrong and jumped in way too soon when EUZ were way back in the mining exploration cycle and had nothing like enough cash to move the ball forward. Management mistakes? Yes there were and in retrospect we should have raised much, much more with a view to funding this endgame when we traded around 0.1 - 0.15. Anyway we are where we are and the fact is the project has been advanced impressively in the last year, so why aren't more investors jumping in? Well check my posting history (only if you are immune from boredom) and I have mentioned in the past something Gam alluded to today - that the current SP is suppressed not only by the equity raises but the absolute chasm between the value of the asset and the SP - I think a lot of smart and cautious money is the comfortable position of being able to wait for yet more de-risking and getting in at much higher levels still with less risked profit to be had.

Err DJ slight flaw in your argument if I may - "Great quantities of shares can be bought for virtually nothing and offloaded on a tiny rise, netting the seller hundreds or thousands in profit". I won't patronise folk by spelling it out....

I always take these things with a pinch of salt but just for fun a mega bullish view of silver.......
https://www.kitco.com/commentaries/2020-02-21/Sustained-silver-rally-coming.html?sitetype=fullsite

Of which 10% are from the poster with no apparent interest in the company....... "Though this be madness yet there is method in it".

The way I see it there are two conflicting realities - the Mcap and SP versus the asset. The asset has been put under scrutiny by three independent bodies at assay, JORC and metallurgical phases. The asset is proven in both scale and economics, and is almost completely de-risked. Ask yourself which side of this argument you believe in - the body of independent professionals who have rubber-stamped the teams work to date or unaccountable posters spouting a monologue that never ventures further than a running commentary on the SP and who's motives are highly dubious.

...... seeking psychological relief by expressing strong emotions and frustration (just an observation).

Can't believe they didn't up 0.071p target on that report Enzo, but I think they'll have to with decent second phase metallurgy, they hint as much in the last par.

.... and 'Paul' is 'Pavel' in Russian, it's all becoming spookily clear.

Well the only irrefutable evidence I have is when I put a reasonable amount (half the allowance) in my ISA last year. I did it in two buys, the first went through near the ask, the second took a few goes and it was for a fair bit more. Surprised me how little it took to move the market.