Member Info for Shedulike

Oh that's good Grappa, I had a reply also and I may have been a bit hasty earlier but I'll leave you to get a green light, probably similar Q&A's.

Yeah I don't really understand the policy of not reporting total depth. It would be reassuring to know they have found the target even if they can't elaborate too much on the mineralisation until the assays. The last time they went this deep in 2019 there were clear detailed updates at every stage. Put another way if there were exceptional results such as finding the high grade mineralised corridor is thicker than previously thought / complete disappointment or anything in between isn't that price sensitive?

Well done Grappa for keeping the board alive - as I've always said (even before the war in Ukraine) EUA is a massive gamble, smoke and mirrors but just enough substance to suggest a miracle is possible, massively complicated by events and the honest laying out of corp problems by AMC and POG suggest EUA's claim that their sale strategy is unaffected by sanctions seems ludicrous. Anyway I'm more interested in EUZ and to explain my feelings right now would require a dissertation, hence I won't bore you all (just for a change). Seems we're not getting drilling updates and the the F*cks the final metallurgy???

Yeah it stuck in my mind because they made the point that it was an error but outside the mining area, but it occurred to me at the time in that case why was it in the resource model in the first place?? Still I suspect they inherited the error from Goldquest Corp but didn't duck responsibility. Would be great to feel good about EUZ again, still believe in what we have but blimey the SP is depressing.

I think it was an area to the north of the licence that was included in the calculation of the inferred resource but was actually outside our boundary. It was close to the River Sill and well outside of the central mining area so wouldn't ever have been developed but wasn't a good look particularly combined with the issue of not being able to use the inferred figures in economic forecasts even at SS level under ASX rules. Water under the bridge in one way but it hammered the SP and we have never really recovered. Still they've advanced the project and there's hope but I feel we need something solid and game changing on the corporate front for this to be a success for investors.

Thought I'd keep this bit separate so it didn't get lost. I actually think Highside is correct to point out that we don't have a US$1B asset as such, even if we had the CAPEX that's in the ground, we have an estimate of total revenue independently calculated in that region. That is not insignificant and still represents an anomaly between our rubber stamped economics and our market valuation IMO. Why we aren't shouting that from the rooftops I don't know, perhaps our destiny is settled which could be good or bad I admit.

I can't agree that nothing has changed, we used to update the presentation, used to Tweet some interesting background activity, so clearly that side of matters has changed. LR used to try to promote us - more media, progress updates, investor events - on the face of it unsuccessfully though we'll never know where we'd be without those efforts so perhaps a theoretical debate. I also don't agree that without a BFS "We have nothing", of course it would be much, much better to have one but the de-risking work doesn't cease to exist without one - you said something along those lines yourself just the other day. Were the latest results four weeks late? Can't see a notice of results RNS but they were delivered just a day later than 2021. Also what is your evidence that the SS was 6 weeks late because they covering something up? It was guided Q4 2018 and was delivered 10th Dec 2018 with the co-ordinates error and ASX regulations horlicks included.

I agree Teaye this is why promoting the company is important. Journalists naturally use social media and who knows, with a better profile we could have been mentioned, our 'case' would certainly have been very relevant to the article. Just one little example and it wouldn't have turbo charged the SP obviously but who knows how many readers might have looked us up and seen a £2m mkt cap company with a $1B asset at an advanced stage of de-risking and thought there's an opportunity? Better to close the Twitter feed than leave it up with the last post from January IMO, to be fair Myles must be up against it as the only Exec but the Spanish team could be energising our profile, we have a Communications Manager after all. The same applies to the website with a presentation over one year out of date which therefore understates the JORC, doesn't include completed hydrology or latest ore sorting results. Frustrating.

What's annoying me at the moment is I'm not even sure what to expect at the moment. Proyectotoral suggested final mets end of May but nothing yet and previous timescales on drilling suggest a 700-750m drill should be complete by now. They used to RNS successful completion which IMO is the correct way to go given that it must be price sensitive but since Covid when they told us they were unable to advise on timescales the habit seems to have stuck.

Well as we can't have a day without a post here's a bit of idle speculation I was musing over today while sitting on the M5 northbound stationary wondering why the traffic was flowing unimpeded southbound. I thought we'd be at total depth by now even with the delay but supposing they've hit the high grade mineralised corridor in this 700-750m horizon, I guess you don't stop retrieving cores until you come out the other side? Could they have gone deeper having hit one of these thrusting shoots that we once heard about when they used to talk to us :)

I don't think the rig will come and go, would be impractical. I may have been a bit harsh saying that SPI let us down with the two month delay. According to Linkedin the resource drilling rig has been modified for the specific purposes of this campaign, it does look brand spankers in the picture. Most of the team should be processing cores now so should be busy, that's the kind of thing I think works well on social media, think I'll put something in the EUZ suggestion box.

Really I think both would help. I liked the Twitter snippets we used to get but yes actual official updates are clearly more important. I find it inconceivable that successful completion (or not) of a drill taking nearly two months could not be considered price sensitive so if we don't get TD RNS's on this campaign I do think they'd be pushing the boundaries of stock market rules.

Mm's he'll have to inform the market if he has. Grappa that's not what CJ's notes from the AGM suggest but as there is no evidence yet of Bennelong helping us you get to keep the bragging rights on that for now. On Twitter the last post was three days before LR left which suggests two things to me - that LR oversaw the Twitter feed and also that his resignation wasn't planned. Not sure why one of the staff can't keep it going with MC giving final authorisation of any Tweets, perhaps LR won't give them the login? :)

Mm's MC's salary plus fees was AUS$178,495 (about £100K) before the agreement to pay 50% in shares.

Aug 2020 Mm's - double checking it wasn't 250,000 but his buy at 12.75p bought his holding to that level at the time. Desperately need some good news here, ideally op's and corp to arrest the trend. We've lost another 33% off the mcap since LR left and comms seem to be at a minimum.

12.75p actually :) plus Myles bought 250,000 at the same time. So either they're all mad, enjoy losing money or they have a genuine expectation that Toral will deliver. The market sees it differently, who will be proved right in the end?

Hope the drop is nothing to do with TD. We've had 50 days minus the two weeks to be deducted leaves just over a month which is what I reckon we need for 700-750m. I've always thought we take the good operational progress for granted, if matters start unravelling on that front heaven knows where we'll be. Hopefully news soon of drill success and completed mets and perhaps things will turn.

Absolutely dreadful Mm's, seems we're suffering from timeline slippages, a news vacuum and general market malaise. Drilling starts two months late and then time lost due to Covid. The Spanish site tells us to expect final metallurgy end of May and then nothing shows up, can't really blame people for losing faith. I used to like the bit of background colour that came with the Tweets but even that went with LR. I don't think MC has even done any media since he's been Interim CEO, okay if he's working on a deal all will be forgiven but this must be testing everyone's faith.

The SP perhaps Numptypi :) On a serious note I think it's time we heard from Myles on where this renewable energy stuff is taking us. Lot's of clues on Linkedin but nothing officially RNS'd.

So wind turbines on top, solar on the sides, geothermal and Pb-Zn-Ag mine underground, neat! :)