Member Info for Shedulike

Always a ray of sunshine BB! They intersected the upper zone so while it failed to hit the high-grade mineralisation it will have provided some information for modelling the resource, even if only helping to model the limits or the resource. Yes 021 failed in its purpose but not entirely insignificant. In any case the 5000m clause is simply to ensure from Lundin's point of view that they weren't handing over the licence to a company that would end up sitting on it and not undertaking the work they wanted to see. They're not going to quibble over a few metres here or there or argue that some of the work doesn't count because to didn't come off, ridiculous.

I hope they didn't drill a wedge just to tick a box but to actually investigate something! Interesting stuff Bricks is it just another coincidence even the discounted NPV from the 2018 Scoping survey quotes US$110m with estimated CAPEX to build a mine US$33m. I would reckon for Lundin to reacquire 51% with the resource increased and partially indicated, mets proving the economics plus all the other work we could more than cover the CAPEX.

By the way I now recall enquiring about copper porphory deposits ages ago with LR and I think he said it wasn't a porphory (can't find the email) but just a separate thermal event from the formation of the principal elements so ignore that, too much wine last night. I sense they've always been uncertain how comfortable a fit the copper is with the most important metals at Toral which is why we haven't heard much about it, is that about to change? There was that comment in the last interview where he suggested there was something else in addition to the silver which gives us non-dilutive options, I guess copper is the most likely candidate but it still could be something else.

I honestly don't know Bricks. The copper is intriguing as we know it's there but we know not a thing about the practicality of extracting it in tandem with the other products. Maybe the metallurgy has answered some of these questions.

See copper porphory deposits - might explain why we have encountered it at depth and near surface as vertical seams are formed in volcanic magna events.

Owls part of the problem is that farming now works on a model in which you house the migratory labour on site, the trade-off being the farmer can pay the minimum wage but the workers don't incur high subsistence costs or rent. The 'indigenous' population (by that I mean established in this country, no ethnic implications) simply have no interest in entering into that arrangement. It's a nice idea that farms will simply have to pay more to attract labour from the established workforce but in this example https://www.indep**dent.ie/business/farming/agri-business/why-the-uk-asparagus-crop-could-be-the-first-rest-test-of-brexit-37929066.html I know that there isn't sufficient slack in the Herefordshire labour market available locally to plug the gap even if you could increase wages and still have a profitable crop.

Look up Pyrrhic victory.

Leslie there's a suspicion that they may have had their knuckles rapped for showing the pictures in the summer before the assay results but I don't know for certain. It did create a lot of speculation as someone said they could see traces of gold which I guess turned out to be the copper, so perhaps they don't want to risk setting the hare running again. I have to put my hand up here as I had a bit of fun talking about Los Médulas down the road at the time though from memory I did say it was a completely different geology despite being a neighbour.

Get real it's not just jolly summer holiday fruit picking, there is year-round polytunnel work and winter crops like the brassicas. Furthermore I'm not just talking about the agricultural labour, the care sector is already coming under pressure, time will tell.

British, interesting debate but the facts are the argument the government put forward about aspiring to this mythical "Australian style points system" which we always hear about but curiously it never seems to appear, is 100% dishonest. The truth is the economy wants low skilled people to work in the fields etc but of course it's not popular to admit it. Whoever is in power will continue to posture that we want to attract only highly skilled workers but the reality is we need all sorts of immigrants and that is what will continue to happen. In fact as there is already evidence that European seasonal workers are becoming harder to attract with Brexit and the low pound it is ironic, but likely that we will have to up our game in making the UK a good place for them to come.

Well they've gone to 4.51% short now, I hope it is this arbitrage play that has been discussed rather than conventional short tactics. Maybe some clues tomorrow as today looked like a pause for breath as we churned profit takers.

Okay Cobra I appreciate the reasonable response to what I said. Personally I think the biggest drag on this is the second equity raise which shattered sentiment, believe me I was as p*ssed off as anyone but the markets are tough and if .025 is the best you can achieve it's impossible to argue with those that have the cash. My maths is terrible but wasn't it 66.67% above the previous raise so progress of a kind but at a miserable level admittedly. I disagree that the management isn't delivering, we are making excellent operational progress as I believe will be increasingly evidenced soon. Certainly not saying anything is in the bag or suggesting anyone should risk more of their hard-earned but I'm very happy with everything on the ground, just concerned about global issues and wish we had Teresa May's magic money tree to call on, perhaps if we rebranded as EUZ (DUP) plc things would look a bit more rosy :)

Ha ha Cahus perhaps a little prayer might not go amiss.

Analytical criticism would be entirely acceptable and good for the debate but Cobra has no confidence in the management, believes those in the know are out and is expecting bad news. That's why I said that if I felt like that I would save my last £5 note, complete anomaly to stay in. I know it's cathartic to have a moan but if it's all negative speculation it will be challenged.

Got to laugh, I did predict this would bounce down off my 19p average. The purgatory of POG still has this LTH in its grip!

I hope they don't ring Big Ben for Brexit but I think it would be appropriate if the POG SP passes my 19p average.

Cobra if that is your honest opinion then it would make sense for you to act in accordance with your thinking and bail. If my investment was down to £5 and I had lost all faith in the management and was expecting bad news I'd take my £5.

Right somebody's abacus is out of order! Anyone out there with a maths degree and a calculator?

Thanks Hairy, so if the diluted shares hit around 45-50p we'll still only be matching the previous high mcap and as I said that was pre-POX. Wasn't IRC part of POG back then, though it's debatable and complex what that actually means to the equation.

Apologies in advance as I could probably work this out with a bit of digging but I wondered if anyone knew off the top of their head what our mcap was at the peak when the shares were flying (May 2006?) with all the talk of FTSE 100? Would be interesting to work out the SP target with the diluted shares in issue to reach that level. With that being pre-POX we have further potential after that IMO, which is the really interesting bit!