Member Info for Shedulike

Quite DV - many small investors are driven by FOMO particularly on AIM. On the face of it the RNS is an invitation to come back in the New Year and many have accepted it today. Dig a little deeper though, listen to the snippets that come from the people who talk to the company and it’s clear things could move at any time. To attract attract bids you don’t down tools and go round shouting buy me please.

Dave I'm sure everyone who is still on the sidelines / nipped out / waiting for a better entry will wholeheartedly agree with you! :) For what it's worth I also agree with you to an extent but I do think the market will move on publication of mets (massive risk reduction), also on possibly the announcement of data room and don't think a suitor will necessarily wait for completion of the drilling programme before making a move, particularly if there is competition.

With respect Erazzel that would be a bit odd after saying they're waiting to receive it by the year end. They've been talking to WA all the way through - we know it's an interactive process and we've paid a lot for it. EUZ have the numbers, they wouldn't be left waiting on tenterhooks for a final report now that the metallurgical work is complete, but obviously the public will.

Maybe Bobby, although why is this data room open? This is only guesswork but I'm leaning towards the numbers that matter being already there, preparing the report could just mean for the public announcement and this gives them a convenient hiatus to work with industry professionals.

Not really, full metallurgical report before end of the year.

Gizz - don't waste your time mate, the original post speaks for itself as a masterpiece of idiocy.

Certainly with the mets ticked off every increase in resource will have much more impact Lloydy. Don't want to get too speculative but I wonder if this period waiting for the met report to be prepared is buying a bit of time for the data room. Bit mischievous but I was hoping they would make the data room official with this RNS.

Well spotted Binkylse, think the scroll down button broke at the same time as my crystal ball! Bit of a relief really as if something had gone out on JSE and not LSE it would have looked very odd. I wonder if the depths are partly down to drilling from a different position on the ridge?

Looks like the economics stack up and we have a low capex feasible mine. I like this bit "15-year production plan, with significant potential for extension".

What the heck Bricks!! looks like they've announced some economics and mine plan elements - weird, copy it quick!!

.... ish.

... and they're in!

I'm not sure, if there's a data room I wonder if we're not going to be the first to see them. Perhaps they shouldn't have announced that they were three quarters done on the 15th Nov. I suppose it could simply be that the locked cycle testwork is by far the longest process to complete.

No Bricks just chucked it out the window. I can't see anything on JSE, is it GMT +2 in Johannesburg?

Just typed a load of speculation and realised I've run out of things to say - so ??Stand and Deliver?? LR, and I pray you're not just another AIM 'Dandy Highwayman' (not one for the youngsters that :).

Just checked in - that was supposed to be a joke at 7:52, obviously not a very good one. Come on SP!

As we are such a neat contained package I would be hopeful that DD wouldn’t be too lengthy but no practical experience of this I confess. Ps. I have been told LR forgot to take his continental power adaptor for his laptop which is why he couldn’t write up the mets for today.

Is this the newfangled What's Up wireless communication system? I didn't know there was one for EUZ.

Radika I wish you well with your cosmetic surgery :) I'm hoping that folk getting in now will be rewarded for taking on the extra risk. We've been told that we're analogous with the successful Rubiales mine up the road so I'm not expecting any nasty surprises with grades or the practical feasibility of extracting our minerals. Honestly wouldn't encourage anyone to risk their hard-earned but the pitiful raises have presented an incredible opportunity for new money at these levels, wish I had every penny back that I've put in this to re-invest at these levels (a well-worn AIM mantra unfortunately).

I haven't the faintest Radika, but if the mets are good we'll go up and no doubt lot's of 10% traders will exit, nothing wrong with that but I fully expect some more serious money to join in for the journey. The implications of good mets are absolutely massive as they should prove the viability of the resource, they might formally announce the data room at the same time which will alleviate fears of further equity raises. I'm convinced that there's a lot of smart but risk-adverse money waiting on the sidelines absolutely indifferent as to whether they have to pay 0.05 - 0.1 because if the resource is economically mineable they're going to multi-bag anyway from a virtually de-risked position. Usual caveats I'm very invested, biased and suffering from EUZ Stockholm Syndrome.