Member Info for Shedulike

Justin Waite must be just about the most irritating interviewer I've ever heard. He asks a question and when the interviewee has answered he always just mutters vaguely "Marvelous stuff" as if he hasn't listened to a word that they've said. Anyway interesting comments from LR, I reckon the ongoing dialogue with WA is giving him increasing confidence - obviously we've now fallen back because he hasn't promised to sell the company in the next 5 minutes.

Very cerebral Bm....... TLS it's all positive in building towards a marketable project. We knew the stakeholder engagement process was ongoing so I wasn't expecting much of a lift in the SP, hopefully some support though and stickier investors.

Yep the real deal - somebody is serious about getting these minerals mined. The only question is whether it will be a partnership or take out?

I'm afraid to say Bibzy when it looks bad on AIM it's probably much worse - it's much worse.

Very good Bedex I enjoyed that. I think the writing was on the wall from the very first court documents when FRR's case against Hope was described as 'vexatious'. It will be a miracle if this turns out well, but then I'm a Hot Chocolate fan so Zaza is Universe Boss, right?

The only thing missing from this board today is the rumour that there's a creepy ghost of a miner who keeps popping up scaring people away from Toral, when will this mystery be over? I haven't got a Scooby Doo.

I think you've nailed it Bricks must be Lundin driving the price up at EUA so all the PI's go over there and they get Toral on the cheap - it's all so obvious now!! :) (more tragic that I felt the need to do the 'only joking' symbol).

Well we've broken 10p again will it hold, will Polygon fold? They last reported an increase in their short on 14th Oct when the price was 9.6p, we have more institutional backing and they're on their own this time (at least at notifiable levels) unlike the bad old days when everyone had their teeth into POG.

Ah we got there - you didn't get the spike you expected and now you're feeling cross. I understand if that helps :)

So why did you buy after the placing???

Yes we're all disappointed with the market - LR has delivered a superb JORC update, according to Oil, acclaimed by industry peers. The price for the required funds was negotiated, apparently DB wanted lower, you can't dictate to the people who are holding the cash the price you want. They had to settle at 0.025 . I was not happy that we couldn't achieve higher but the fact was we couldn't, not for want of trying or LR's fault. You fancied another 16M after the placing, you only have yourself to blame for that if you're still not happy with the updated JORC.

GT to be fair I see you were in the market buying on 5th Oct after the placing - are you blaming LR for your own actions after you knew about the fund raise?

Appreciate the post Oil, interesting. For me when I saw the JORC one of my first and most unexpected reactions was to see the raise in a new light. Still would have liked it higher obviously but it puts us on a firm footing to play hardball in any negotiations, we have the funding (albeit limited) to make ourselves more valuable. Frankly when the mets land and assuming there's no nasty surprises things could move quickly, it's not given that we'll drill again.

I've always found him very helpful though I would have liked some more detail after a few questions I've put to him. Try another one of the Directors or ask for the Company Secretary for the shareholder register, LR seems to cop all the PI emails which is why I try to ration mine. I assume you were courteous weren't you Madgey?

I've mentioned it a few times so sorry for being boring but I thought it was striking that after talking about the assay's and first indicated in the final results CB goes on to say "More importantly, a 58kg core sample was retrieved for metallurgical testwork". So yes I think they knew they had the resource now it's all about the economics so as BB said maybe we'll see more impact from the JORC result when the metallurgical work lands.

Longshot please no don't encourage that nonsense! I must confess I'm actually coming round to the idea that there is an EUA effect. It's the gold rush mentality, I'm sure a lot of people will make some money and no doubt many will get hurt. I'm certainly not moving any funds from here on a whim as I'm completely happy with the position we're at with EUZ and I've meticulously researched the project. This will come good, the market reaction is completely illogical as we stand, that will change.

Okay Krss thanks - you def mean Russian Prosperity not Prosperity Capital Management who are a different entity?

No need to apologise Leslie I just thought you were linking the disappointing market reaction to that specific comment which I took as a positive. No probs if you see it the other way round I just wondered why - probably a misunderstanding....

Hi leslieby - sorry I'm not sure what you mean? Will catch up later.

Oil I wish I fully understood this 'gamble'. It seems like EUZ collectively put their b*7%#6*ks on the line and risked proven tonnage by working on the most meaningful block model. If I'm anywhere near right it does feel like the work is 100% focussed on a practical mine plan perhaps at the expense of enticing headline figures.