Member Info for Shedulike

Having also had another read I think they've virtually confirmed that the mets are telling them we have economically mineable minerals. This is massive as it makes the impact of further additions to the resource all the more significant. This is total guesswork and speculation plus a big u-turn from me but is anyone else getting the feeling they don't want to give this up? It wasn't my preferred route but I'm getting a JV vibe, could this be a transaction that Joelson have been handling? Note the proposed wage rises, LR is never slow to say we're operating on low cash could there be something to justify and finance this at the AGM?

Again this work programme has the 'invisible hand' all over it. The sheer range of activities in the work programme show that this is the real deal in progressing to a mine plan. If there was any possibility that they believed it isn't going to be a viable project they'd be concentrating on just the more eye-catching drilling simply to get headline figures as high as possible, in politics jargon "sexing it up".

Fascinating, I didn't expect them to move this fast. Must admit I had a suspicion we wouldn't drill again, hopefully with the mets imminent any rise today will get better support. I expect to see in any media today LR really banging home the importance of the geotechnical and hydrogeological programmes. They certainly sound 100% confident that the metallurgical work will demonstrate what is required.

CofE okay so you were in before the RI, try this with your first trade. This is particularly painful for me so I hope you appreciate it. On 19th Nov 2014 I bought some stock at 21.44p thinking it couldn't go any lower (cue maniacal laughter....). On that date on the adjusted charts the price is showing as 7.61p and then the subsequent drop to an APPARENT 2.17p. Even I couldn't have accidentally paid almost three times over the odds as broker software is designed to offer you the best quote, no the chart has been recalibrated following the RI. When you say "Even if it’s adjusted it’s adjusted to 2.odd pence meaning it was once worth 2.odd pence", sorry that's plainly incorrect.

Ah at last we agree on something Bobby! I think I've only ever filtered three people in my time on here and never for being opposed to companies I've been invested in. I have a friend who was in the special forces and he once told me that when planning an operation you would often appoint a 'devil's advocate' figure in the group who's job was to question everything in the plan, the purpose being to ensure everything was overly scrutinised and 'group-think' prevented. That's why I don't mind the contrarian view as long as it isn't simply to agitate and grandstand. The last drilling campaign got off to a bad start (remember the rumours that it hadn't deviated but had hit the objective and found zilch) but they turned it around and we hit the targets in the teeth of a severe heatwave and now have an expanded world-class asset. Real toil, real results that don't deserve to be judged in the light of other AIM catastrophes. The market hasn't woken up to EUZ yet but it will perhaps after the mets, in the meantime we'll be a traders plaything which I admit is something of a self-inflicted wound with the disappointing raises. Anyone interested in the origin of the phrase 'Devil's Advocate' I can recommend Morris West's book, for a lighter cultural experience that film with Al Pacino is an enjoyable bit of bunkum!

I don't have anything against Mapp, and can't disagree with the sentiment that there's corruption on AIM. I used the filter because it's irritating to see someone attach themselves to this board to preach the woes of AIM generally. Nobody is happy about the equity raises and the negative impact on PI's (to date...) but an immense amount of work has been done and milestones achieved by the team here to advance this asset. To see these efforts belittled constantly by an individual with an axe to grind elsewhere is going to get investors backs up. I'm not sure what is motivating Mapp to use this board but I would suggest moving to one where you're invested. Best wishes, Shed.

CofE mate don't want an argument but I think we got to the bottom of this, do you have a trading history before the RI? We could actually settle this once and for all as the Investor Relations department are very approachable.

I don't think that's avoidable unfortunately ho5, just look out for people claiming inside knowledge, curious swings in sentiment etc. I do have some hope that some of the new money might be a bit stickier if the mets prove the economics, there should be much more motivation to stick around for a possible sale.

Agree Lloydy it's not as if we haven't seen these games before, Tuesday is a possibility everyone knows that. All I care about is that the mets tell us that this is a mineable asset, then we can think about the big prize. The Sp may well rise in anticipation of positive news but a lot of this money will be looking for a quick trade whatever the mets tell us.

Re. "Doubling the resource while doubling the equity" I realise it's not that simple and you could achieve additional shareholder value in that scenario but I'm sure you know what I'm getting at.

Would it be too much to ask to have a steady rise? If we get a loony spike I fear another merry-go-round as the mets are going to be complex, not a clear 'back of the net!' v 'that one's gone for a throw-in!'. Having said that if the team get the data they need we are saleable from that point on so surely that will give some support to the SP. Then it becomes a question of what is achievable without further drilling v rolling again. I guess a lot depends on the copper but I suspect most PI's would take a more modest disposal rather than enter another round of drilling on dwindling funds. The Exec's need to know that the DB raise has murdered sentiment and they need to start thinking about our interests. I hope the temptation of maximising the proven resource fuelled by their natural curiosity as geologists to explore doesn't outweigh what matters to us - getting a return on our investment. Put very simplistically from a shareholders point of view there's no point doubling the resource if you also double the equity.

...... today? I can’t find anything anywhere.

Well I'm glad I cheered someone up Bricks! Hopefully a better day today, just because they guided eight weeks doesn't mean the mets won't drop slightly sooner, we've had 87.5% of the time if my 'O'-level maths (grade C) are correct. May I ask the context in which LR guided you to that page?

Kenj I think we're basically in agreement but to prove that the chart and related figures have been readjusted it's necessary to compare a trade made before the RI with the figures now showing on the chart. On my example from Feb 2011 the figures are out by a factor of almost x3.

I rest my case

Of course I can't blame anyone for selling after being unnerved by the SP but as I said earlier it's the thinking behind it I don't get. I notice how they bang on and on about the trades but hardly any of the negative voices seem to have any interest in what they've actually invested in. I guess if you're looking for a quick 10-20% why would you bother researching Toral. The more I look into it the more convinced I am it's going to be a great story, just for balance the only negative was that 023 didn't match the very best grades of earlier drilling, the positives of 023D and the copper should have more than made up for that though. I do have a sneaking suspicion that the mets might not move us much though as it's going to be very technical and may not translate into market excitement. It will however be a critical building block in making our asset saleable and when those rumours start to circulate it's a language the herd will understand. What I like so much about EUZ as a metal play is that they're bringing a jigsaw together incrementally, so although we're talking AIM and cash pressure is ever-present we are now in possession of a proven asset, if the mets demonstrate what the Exec's expect then it goes much further towards being a de-risked resource.

I don't like discussing shorting as it hardly does Polygon any harm to have it publicy known that their position has increased but I've noticed how frequently small 7000 sell trades go through. Not big obviously but if persistent and strategically timed does anyone know if this could be evidence of the dark arts?

CofE I think those charts get re-calibrated with the extra share capital after the RI. The highs aren't as high either - I just checked my dealing account and I sold some POG in Feb 2011 (why oh why not all my holding!!) for £10.80. The highest price in Feb 2011 on the chart is £3.69

Had to smile as it's the usual day on here. Investors talking about the asset and the great work done, others not able to see beyond the current SP. Don't get me wrong it's not making me dance around either but if you want to know anything about trading sentiment look no further than the comment that a red trade represents someone leaving.

For what it's worth I'm also 99% certain it didn't go below 4 even on an intraday dip. High since the RI was the recent peak not 17p, I'm 100% on that one :)