Member Info for Shedulike

Probably echoing BB to an extent and while not advocating sticking our heads in the sand I'm not sure we're doing ourselves any favours banging on about PH and the MM's etc. We know when the demand comes for our stock we fly so LR just needs to keep making this incremental progress and eventually some bigger money will want in. Of course we hoped the mets, which turned out to be first phase (which I admit I wasn't entirely on top of) would do that. In retrospect going into second phase locked cycles is entirely normal when looking to maximise recovery. I do suspect that the market was disappointed not see more on by products and critically the deleterious elements. The fact is that unsurprisingly fear and suspicion is at an all-time high on AIM and the merest whiff that something has been kicked down the road and all the positivity gets sucked out of an otherwise good operational update. I thought the pre-Christmas low was an obvious opportunity for Director buys and I'm a bit deflated not to see anything yet, could be a reason that they can't of course so reserving judgement.

Are those sleigh bells that I hear? No.

I know I bang on about Adriatic Metals but I just noticed they entered the LSE on the main market. So a close peer in resources can leapfrog AIM, I don't get it. Still you need a sense of humour to be involved with EUZ so I'm still expecting Rudolph to deliver news of Dir Buys by 12-30.

They usually find a way Steve so I doubt you'll be disappointed.

True, let's not forget that our asset has been laid bare to scrutiny to three separate professional bodies over the last six months and passed muster every time. Furthermore with AMS during the JORC they re-worked the model, not entirely on top of this I admit (despite trying) but I think they effectively took a greater risk with already banked resource to achieve a more practical resource model.

In the madhouse of AIM you sometimes have to remind yourself what happened today. They wiped 1/5th off the value of company on a handful of trades, absolutely crazy. Judging by the posts a number of holders here stepped in and took some more including myself. For that reason I'm not celebrating the mini recovery and I again challenge the board to back up LTH's and show support with some of your hard-earned.

Gizz - I'm just seeing a green box. In all the years on here I've only ever filtered three people as I try to listen to all. If this is who I think it is I have nothing against them but the sheer banal, repetitive monotony of their posts make them unbearable. Try the filter, you know that in this case you're certainly not going to miss anything enlightening!

Last 10M for me, would have been bolder but I want to see Exec's in the market too.

Bit of retribution from BHC maybe? Selling at a loss.

Is that a vibration you picked up over coffee Lloydy or just a hunch?

I know this is a bit of an old chestnut when it comes to Dir buys (f£^* knows who keeps bringing it up!!) but there is a chance that they can't. It does get debated at length on here but it's really pretty simple as I understand it, apart from the closed period before results if there is anything price sensitive in existence that isn't already RNS'd then they can't buy. I found the comment "No testing for deleterious elements or by-products has been undertaken for the purposes of the Report", slightly curious as it appears to give a little wriggle room. Perhaps there is some info on "deleterious elements and by-products" available in the data room just not the comprehensive tests. Personally I suspect they don't want to appear to be rumbled into it by a furore on here and might have plans, less than £25K each best not to bother (in terms of likely market reaction).

Just means he wants a broker in 2020 who might actually put quill to velum and produce some research.

Have we given up on Director buys? I do think it would be the clearest demonstration of belief in the asset and solidarity with PI's but as has been said already the merest whiff of tokenism would be counterproductive.

Hmm very quiet. Perhaps we should draw up a rota, taking it in turns to wind up LR, have a clear the air coffee and stimulate the SP.

That is bad luck Steve. I notice that Adriatic listed on the LSE on 12th Dec (ADT1). Despite losing about 1/10th of their value very quickly they are still quoted as a mcap £144m. See a previous post as to why I think they are slightly more attractive than us but x36!!!

No I don't sorry Lloydy, Oil might be your man for that sorcery.

Steve have a look at the presentation RNS'd 9th Oct and look at the peers (don't forget we've had JORC since then). Did you mention you're from Cheltenham? Adriatic are based there and we have a similar value of metal in the ground. They are a little further on with their metallurgy than us and have some gold which always gets juices flowing. They have a more diversified range of assets, while our single focus on Toral should be a plus, in the worst-case scenario it is also a weakness which I have been wondering recently could be a factor for the SP drag. I'm not expecting any of these things but should there be permitting problems, something left-field in second phase mets where do we go? Anyway they are a very, very interesting peer comparison and when you start looking at their Mcap (approx £125m) the multiples on EUZ look astonishing.

Interesting, we must have drilled enough core by now to get them started :)

Quite Oil - I was just momentarily concerned that what was acceptable in the 1970's isn't now. As an analogy, the trousers I'm currently wearing were acceptable in the 1970's but are problematic nowadays - you probably wouldn't even take them to a smelter.

No you're right Bricks, officially deleterious elements haven't been tackled yet, so we don't know if it's there or not. The reference is from the SS, toward the end.