Member Info for Shedulike

Bi - Bismuth - phew! can end on a high apparently it alloys with tin or cadmium for low melting points, useful in fire detectors and extinguishers, electric fuses and solders, also used in cosmetics and paints.

As - Arsenic - another one to skate over though growing market in espionage.

Co - Cobalt - magnets.

Cd - Cadmium - okay let's gloss over this, apparently it kills you.

In - Indium is used to make indium tin oxide (ITO), which is an important part of touch screens, flatscreen TVs and solar panels.

Ge - Germanium has uses in optics, electronics and health.

Ga - Gallium arsenide is used in semiconductor production mainly for laser diodes, light-emitting diodes and solar panels. It is also used to create brilliant mirrors.

Here's a new thought before the usual Sunday evening wine overdose beffudles me completely. Anyone interested in this from the last RNS metallurgy comment; "And identification of any by-products from future production". Had a quick internet search on this and apparently co-elements other than the silver that we know about associated with Lead - Zinc sulphide ores are Ga, Ge, In, Cd, Co, As and Bi. The research paper I was looking at describes these as "Mostly highly valuable, high-tech metals essential in electronics". I could be way off the mark here so caution they may be insignificant in quantity or uneconomic to separate so just a bit of speculation for now but let's see what they do....

I do understand your pessimism Numpty but if you look at Adriatic who have a similar value of metal in the ground as us but are something like 29X our value, what do they have that we don't? Well apart from a wider range of minerals, not a lot except for a nice juicy metallurgical report delivered in Sep 19 from WA. Slingshot City anyone?

Totally agree Bricks & Oil but I'm a believer, converted to the faith - I was just trying to work out why we're still down here and had 17 trades on Friday (NEX & LSE). That Rubiales comment by AMS is hugely significant Oil, when Lundin released a press release announcing their acquisition of Toral they said this about the comparability; "Rubiales produced extraordinarily high-quality zinc concentrate (life-of-mine average of 61% Zn with 95% zinc recovery); the lead concentrate contained 70% Pb and 450-550 gpt Ag with an 85% lead recovery", when the wider market start looking more closely at EUZ they're going to wish they'd done it earlier, mets could be the catalyst for that.

I had a bit of an epiphany about the SP yesterday, rather than thinking as an invested PI wondering why nobody loves us I was looking at EUZ from the outside in and put starkly if the met testwork returns terrible results then we've probably had it. Right nobody is expecting that to happen but if our proven resource isn't economically recoverable then it's not worth anything to a buyer. The 2018 SS was positive and suggested a mine is feasible but even then they referenced the "necessary metallurgical testwork". This tells me two things - firstly that if you had a pile of cash to invest in EUZ might you not wait until after the mets, as I've said before the SP being on the floor gives people the opportunity to likely still get in at farcical levels 0.05 - 0.1 -0.15 even after positive mets. If the 2018 mistakes hadn't driven us down to 0.01 we would likely still be around 0.1 particularly with all the excellent operational progress, this waiting opportunity simply wouldn't exist. Secondly it leads me to believe good metallurgy will indeed move the SP, how much I don't know but surely to a level that more fairly values are proven resource which would then be exploitable. These mets are absolutely massive.

It's also clearly been a major drag that we had to raise cash at 0.015p after a couple of mistakes which we were brutally punished for. In retrospect I was naive to think that DB wouldn't derisk their position and it's infuriating that their gain has contributed to our discomfort. There's no dialogue that PI's understand more clearly than dilution and I think the track record of those two equity raises is keeping a lot of money on the sidelines as well. If we can deliver good mets with the implications strongly communicated that I'm sure will lift the SP, evidence of a deal in the offing = slingshot.

Well we could engage a PR company and start pumping out rampy Tweets, personally I'm glad we're not wasting cash on stuff like that when it's going to make absolutely zero difference to whatever form a final transaction might take. I just think cynicism is at an all-time high on AIM which is hardly surprising, most people's strategy seems to be to follow the herd for quick in and out profits. We had it here back in August and if a PR offensive did attract them back then they'd soon be out on the first hint of a spike anyway. Looking back at yesterdays RNS while it was all good (visual mineralisation and mets complete) there wasn't actually anything in there to add concrete value. I got a bit ahead of myself thinking there were new economics before I think Oil pointed out that it came from the Dec 18 Scoping Survey. I think the mets will move the mcap because analysts will understand the implications.

I admit LinkedIn is an unusual forum to use but I believe he is as much speaking to his network of mining professionals as to us. At the end of the day it is industry executives that will deliver value for the LTH's here not attracting short term money from PI's on the AIM money-go-round. I do agree I'd like to see some improvement in the SP just to get some positivity back but I think people are underestimating the impact the mets should have, as I've said before the suppressed SP is giving bigger investors the opportunity to hold off and get in after the mets when it is hopefully a significantly de-risked project. If you look at the dislocate between the asset and the mcap it doesn't matter if you pay 0.1 - 0.2 you're still going to multibag without taking as much of a risk as we have.

Not sure what you mean about the pr Lloydy, we had a good update and I thought the LinkedIn stuff was interesting. The market is not responding, that's not LR's fault. Would you prefer a James Parsons approach - ramping the company to PI's while failing operationally. EUZ are doing it the other way round which in my mind will result in a much better outcome.

I'm not predicting that anything is imminent but I don't believe a data room would be open if a sale was being ruled out before concluding the drill programme. The last raise was hugely unpopular and damaging to the SP but it has allowed EUZ to create a position where any negotiations are conducted against a background of value-adding exploration, good strategy.

Yes it's infuriating, I find when I type something you have to keep stopping for the text to catch up on the screen.

Yeah sod all this boring paperwork nonsense it's doing nothing for the SP. When we come to sell it I'm sure someone will part with £150m odd on the off chance they'll be allowed to mine it. I can just imagine the boss of Glencore saying "Now Laurence you have done all that tedious hydrology haven't you?" (Laurence replies) "Oh if anyone asks we'll just say 'the rain in Spain stays mainly in the plain', that always gets a laugh around here".

DaveJi thanks though I haven't made a prediction just suggested what I think is going on. Talking about FOMO earlier I note LR has confirmed the data room on LinkedIn, don't you think if that had been at the bottom of the RNS we might be in the 0.03's now?

“We await the formal report”, I think it’s fair to assume they have the numbers already which will be understood by themselves and select groups. Don’t really think they’d be advancing discussions with stakeholders desperate for employment in the area if the didn’t know they have an economic mine.