Member Info for Shedulike

Leslie I think everything's been said and we're all nervously awaiting the mets. Make no mistake they are absolutely critical to moving the ball forward. Bit of a broken record situation but I often think back to CB's comment in the Final Results, after talking about hoping to get first indicated (tick that box now!) this - "More importantly, a 58kg core sample was retrieved for metallurgical testwork".

I was wondering about that too Bricks. I was surprised that LR mentioned that the earlier results were being shared with the industry as it set the clock ticking on them having to make them public. Could the next RNS be some kind of NDA? There are stock exchange rules about having to release price-sensitive information. Total speculation obviously I don't want to set the hare running on that.

I think it's almost inconceivable that the mets won't be ready to RNS before the AGM. We know that they have been on the last component for almost two weeks now. I was trying to do some research on locked cycle testwork and guess what it's complicated! It does appear that each cycle doesn't take long but the scientists will be testing various procedures to arrive at the optimum metallurgical projection (yes I cut and pasted that bit). So all in all difficult to say what a reasonable timescale would be. My bet would be tomorrow but I still have this nagging feeling about the parties who are getting a first look, could they be pulling the strings?

It's started early this time, see you on the other side EUZ investors :)

Gizz you are understandably assuming that punters behave rationally. That is not always the case and to be fair if a trader thinks "might people be daft enough to sell EUZ because of doubts at EUA?" it possibly becomes a self-fulfilling prophecy. I remember the day when Sound Energy (still looking like a well-run company...) had a huge plunge for no reason other than the US firm Puget Sound Energy had a disaster (a fire at a plant from memory). There was a time when PI's tracked their shares by buying the newspaper the following day now it's all happening in real time with social media providing an often scurrilous running commentary, bizarre stuff happens. I'm in here heavily because I believe for once on AIM the asset will ultimately return cash to investors. GLA investors.

To be fair Teaye (and perhaps EUZ has finally driven me mad) but I'm not completely dismissing your theory.

Yes our sister company - completely logical that we should drop in sympathy :)

Fair enough Gizz, hoover them up! - I don't normally like getting into agonising about the market as eventually our value will out but that looks very dodgy. A good buy over 0.027 then someone needs a couple of grand and the best they can get is 0.0255 then the bid suddenly drops to 0.023 no doubt spooking a few more. Looks like the MM's want to fill their satchels with EUZ stock.

Oh well I needn't have bothered apologising in advance for not replying! Very quiet considering we're on the brink of game-changing news. SP changing? Well that I definitely can't predict, looks like someone took a decent position this afternoon though. I know what really matters is how the metallurgy is received by interested parties but I hope they work double hard at communicating the importance of this data to PI's. What are the odds on tomorrow?

Ps. Not ignoring any replies just need to get on with stuff!

Yep Lloydy though they don't have to recommend an offer to shareholders unless they think it's adequate. I was perhaps more musing about how long a relationship can remain informal if there is exclusivity in the arrangement.

Nige it is intriguing that they kept that under their hat this time. Coupled with this idea that they've shared the completed elements of the mets with other parties but not publicly you do wonder if things are getting a bit more cloak and dagger. We await the locked cycle testwork, anyone know what that entails and how long it might take? They will obviously have the RNS the testwork eventually and I think tomorrow would be favourite if not for my suspicion that someone's getting an exclusive look at it first. Not saying anything untoward is going on but from LR comment a picture is building that they have close relationships with select parties, any experts know if they'll have to formally announce that at some stage, NDA perhaps?

Bricks - Companies House has Europa Road Ltd as a freight company based in Dartford Kent. Maybe your search pulled in a bit about them and a bit about Toral and it's just showing the Europa Road link, possibly.

Interesting Yamsel - that was almost two years ago so folk getting in at levels almost 75% down on our SP then with the project so much more advanced are getting a steal. Yes there's loads more shares around now of course. I remember Waite doing a podcast with some chartist soon after that predicting all sorts of SP miracles before things started going wrong. To be honest apart from the hiccup of the deviated drill nothing practical has really gone wrong we've just been disproportionally punished for a couple of technical balls ups that lead to the miserable raises.

I'll get my coat :)

I'm expecting mets next week. Didn't someone say that LR had told them last week that he was working hard on the mets, I took that as likely to mean he was working on getting them into a RNS reportable format, could be wrong. I'm intrigued to know who they've been sharing them with and I find the fact that they've been doing that in instalments pretty exciting. Someone is monitoring us very closely for sure. What the testwork will do for the SP is anyone's guess, would be good to see some progress on the mcap but as long as it impresses these interested parties we will have our reward in time.

Interesting finds chaps - can't believe LSE asterisked my very light swear word!

Thanks Bricks I'm not very confident with numbers. I think the big difference is sentiment - they had a good raise and have lots of cash, we had a stinker. They are also not exposed to the AIM herd mentality and ******ology.

Ha ha Chris I looked in at EUA on Friday and the board is absolutely crazy, you could read 100 posts and be none the wiser what EUA actually do! I suspect if we get on the move again it will be the same here, during the EUZ August rally it was virtually impossible to have a meaningful discussion about the asset. Anyway, next week is going to be fascinating, should get the metallurgy, then the AGM and all the while the drill bit turns.

Thanks though I would emphasise that I am totally unqualified in company valuations so please check it out yourself. I just extrapolated off LR's figures and came to my own conclusion. I did take a look at Adriatic's newsflow and I don't think they've had a resource increase since LR did put that chart up on 9th Oct so I reckon we're pretty close peers. Of course that doesn't mean we're automatically entitled to a better valuation, they could also be grossly overvalued. Our biggest problem is that sentiment is at rock bottom as PI's have taken such a hit with a fund-raise that just gave the II's an even bigger advantage than usual over us. Hopefully we have the funds to conclude the story now, or with our indicated alternative funding options.