Member Info for Shedulike

Can't be the same PSSW - things were 'wonderful' a day ago and a 'bargain' when the price was actually higher - strange how SP movements can totally overwhelm sentiment. He does have options it's all on the website.

Right all our financial futures are in Lloydy's hands so no pressure - I'm expecting Frost-Nixon :)

Apple of course I shouldn't really make assumptions about their circumstances but they have good salaries from EUZ, they sit on lot's of other boards and have overseen successful transactions in the past. I am sure they are at least reasonably wealthy, I would put £5-10K in the token gesture category, would like to see a 0 on your figures!

I agree Andy it would be a very encouraging move but any Director buys have to be significant. I've seen it before when it looks like a token gesture and that can be counterproductive. Dig deep in other words.

Andy it can only help and I take it as a big positive he is prepared to meet Lloydy - belittling this meeting is not reflecting well on you.

Okay Lloydy - I had contacted LR about gatecrashing but RAC have only just turned up and I'm near Bristol. We're all rooting for you!

He has already confirmed phase 2 mets are funded Shandy

True Numpter - Lloydy could you press him for a categorical assurance that nothing troubling has shown up with deleterious elements that is being pushed back. I have my own reasons for not thinking that but it would be good to see it on here as I think the market generally fears that the delet tests have been kicked down the road. Ta, Shed.

Don’t be so petulant, everyone’s hurting with the SP but this is an admirable gesture by LR.

By the way Lloydy I’ve written the day off waiting for the f*****in RAC - assuming they do eventually show up - roughly what area are you talking (if you’ll have me along that is.....)?

Hi Gizz - def not awarded? - I’m on the go but I’ll check later. S

Well done Lloydy - firstly I think hats off to LR that’s a pretty decent thing to do. By the way LR does own shares (why people can’t do a few clicks first.....) but I think they have all been awarded. So a fair question that today would have been a perfect opp for the board to support hard pressed PI’s and scoop some of this equity with a good wedge of their own hard earned. Nothing would back up the confidence shown in the media better than that. Good luck Lloydy!

Director buys would show their confidence is genuine - I still expect something later - would be almost bizarre if they didn’t. Also is there a jitter because no new broker coverage yet?

Both really Shandy with the deleterious tests going into Q1 2020. I mentioned before the mets came out that the only way the SP wouldn't move up would be a bad result (relief on that one) or more uncertainty and that's what we got. It has been said by the Exec's before that the worst way to sell is to stick the For Sale sign up hence the emphasis on low CAPEX making a move to mining realistic (while not being the preferred route). I know everyone wants something positive to happen to the SP but I think announcing we're for sale would be like an injection of crack and just create a spike. I do think that Director buys would be a sensible signal to the market and really there should be an irresistible investment case for them to get their brokers busy today.

Lloydy if you are referring to my post I don't mean EUZ as a company buying back shares, we need to preserve cash. I just think the Board could and should add significantly to their holdings not just as a token Christmas present to us but to back up the confidence they exuded in the interviews in a language the market will understand.

I think with the SP where it is after the incremental positive progress EUZ has made this year it might be a good time for the Board to reward shareholders with one simple sweeping signal of confidence - significant Director buys. It would be good to think they would understand that PI's have suffered a tortuous time keeping faith as repeated success on the ground only turns into shrinking investments. I would appeal to them that we must be losing LTH's regularly whether they post here or not and if they could just get in the market (below DB!) it would be a reassuring show of solidarity with those of us who have kept the faith. Today would be a good time!

So quite a lot of second-guessing after all BB! :) I don't blame you for being cynical but I would say that of course we're shouldering the burden of risk that's why anyone buying at these prices stands to make so much in the success case. The preliminary mets have taken us further on the path of de-risking but the process is not complete, the market was disappointed. Wonder whether we'll get any research notes off the back of these mets?

Numptyi you are a shareholder in the 'Ultimate Holding Company', if EUZ want to dispose of our only asset the deal will have to be recommended to shareholders I would assume. Having said that I think you've raised an interesting question and guess what, I haven't got a Masters in Company Law. Why not pop an email to CB and let us know what he says.

Oh Gawd don't say the Albatross is still following the good ship EUZ (apologies to Coleridge).

Agree Oil & Lloydy I'm looking forward to a 3rd watch later (yes that sad!). There was an interesting bit about using the data and to be fair to AS a decent bit of interviewing as he followed it up and then LR framed it very broadly but I felt he might have been thinking in a B2B sense, possibly. We also know that new processes being applied to the zinc won't take long. Definitely got the feeling that a PFS just isn't in their plans but with the low capex they are keen to emphasise that going to mine is a possibility, that's establishing a strong position for negotiations. Plus it's good to be reminded that we're drilling. So much going on and in the pipeline EUZ should be red hot - I guess most AIM investors don't know what to make of non rampy communications.