Member Info for Shedulike

Bet their eyes lit up at the Toral Correos Oficina when LR plonked that 58kg on the scales! :)

Thanks Oiltap, I think his comment to you also backs up this picture.

Bricks I don't think it is negative it's just different in tone from the last RNS. We had Myles' "great result" and LR being "most pleased to have encountered this significant intersection containing highly visible amounts of zinc and lead-silver mineralisation" on the 15th August. This time they just say they're pleased to have sent the core for testing, it's much less effusive and people pick up on that. I don't think it's a problem for the reasons I have already outlined.

Absolutely crazy drop but I wonder if there has been a reaction to the distinct change in tone from the last drilling update. I speculated earlier that the NOMAD may have had a hand in this and cut out the emotional adjectives and references to visual mineralisation. Very much entering the business end of this story and EUZ have put on their poker face in my opinion.

.... and LR has referenced how Wardell Armstrong are world leaders and v. expensive, no way they'd send that load on a whim :)

I sense the firm hand of the Nomad in this RNS. The visual mineralisation in the videos of 023 looked pretty price-sensitive to me, though great to see! I don't think we'll be getting more of the same as I think they added to the rocketing SP. Feels like things are getting very serious now.

Drilling over as expected. Just to nip in the bud any attempts to make something out of not assaying the daughter hole results. Refer back the 15th Aug RNS and it's clear the daughter hole drilling was always to increase the samples for mineralisation not assay.

I don't think the Russian discount only applies to POG. Institutional investors will factor in the extra risk of being in Russia when assessing their positions in all Russian stocks. I do think the risk weighs more heavily when you are perceived as distressed as we once were though. Things are improving and if POX starts delivering good figures we'll be motoring.

I agree that has become very clear over the years but the solution I have imagined would be a win / win for both parties with the Slovenians being able to appease the environmentalists and have a guarantee that a portion of any compensation could be written off as direct inward investment. Probably much too sensible of course!

I've been considering throwing in the towel here and trying to recover losses with EUZ (not a recommendation DYOR etc) but I find the Corporate Update really intriguing. The emphasis has shifted from diversification back to the Petišovci field, with the reprocessing of the Petišovci 3D seismic nearing completion has Buggenhagen seen a case for conventional gas? We've always been suspicious that Slovenia just don't want us there but if the new CEO believes he can move the massive reserves without stimulation then the processing facility permit becomes much much more significant. Furthermore if the authorities are supportive and assuming the IPPC permit award wasn't as disingenuous as it first appeared could there be a neat compromise that avoids court action. I admit a few weeks ago I thought it would be more likely that Slovenia would pay us to go away but could a settlement be possible in which we are compensated to some extent for the loss of our investment but Buggenhagen goes after those TCF's with conventional drilling, it worked in Hungary. Total speculation I know but the neat thing for Slovenia would be the avoidance of court action, the appearance of a victory over unpopular drilling techniques, plus the compensation package gets re-invested back in-country. On top of that, they would have the possibility of royalties on any discoveries. Note also that we have applied for the Petišovci Concession beyond 2022. Speculation I know but wouldn't this outcome make sense for all parties?

Stout there has always been a 'Russian discount'. PH used to complain about it bitterly but I think it is always going to take a bit of value out of us particularly with Putin and Trump around.

Agreed Gizzard I don't think I've ever seen an explorer of any kind so neatly packaged up for a take out. It's all pointing that way, just a case of just how much this campaign can lift our indicated.

You're right RB we took a huge gamble on gold continuing to rise from the 2011 highs and nearly went bust when it looked like it might even go below $US1000. The equity raise made the debt manageable but it's been one hell of a battle turning this around. I do believe we're pointing in the right direction and with the GP rise looking sustainable, POX coming online etc I do think 20p is possible this year if we can prove that we can take some chunks out of the debt. Short term some news that the third party processing is profitable would be a start.

Wonder if we'll get a rally into the close. Surely something on these investigation holes early next week? The Nomad seems happy for them to comment on the visual mineralisation so we could get some more energy into the SP.

15 min delay on here, was is for 2083341 shares?

One hour gap between trades - been a while since we last saw that!

Famous last words probably but feels like the yoyoing has settled down and those who have researched and believe in the project are positioned for next news.

That's why they hedge - they have to have the downside protection, but they won't instantly benefit from the recent upswing in the commodity price.

I don't think it's the mm's just good old fashioned panic. I don't claim to be an expert on these things but I noticed yesterday that it was all O trades. If you look on here today all the visible sells aren't A trades so not suggestive of mm's taking out stop losses. Like I said not really my thing so open to opinion.

IRC HI results - not great (obviously) but progress made.