Member Info for Shedulike

Interesting Bricks, I also thought that the 8.5999 at 1pm Friday was most likely a buy. You wouldn't be able to get above the bid for that quantity with smaller sells going at 8.50. Wouldn't worry about buy / sell reporting, not to do with mm's who just report the trade but this or other sites printing red or blue based on the mid. Perhaps we'll start up?

Good observation Chipmunk, I think there is some widespread underestimation of the team we have here in terms of (hopefully) moving forward to building a mine and production, Jesús and Evan particularly under the radar. EUZ to be the hottest property on AIM? Okay I've partaken of a glass of Claret but maybe just maybe..... hic!

Just looking at this bumph as objectively as possible and really the only conclusion is that this stuff has been going on for years with monumental numbers, targeted at mining, in our region, why wouldn't we benefit? Turn it around, how could it possibly be justified for us not to have a piece of this?

The signatory of Mm's document is, Beatriz Casado Sáenz – Head of Innovation and Entrepreneurship Department, Institute For Business Competitiveness of Castilla Y León, did an image search and it's possible she is in this pic - https://twitter.com/LtdEuropa/status/1407634442492039168/photo/1
Back of the head so can't prove anything but found a picture of her at a conference and it's a possibility, yeah I know lot's of ladies with shoulder length brown hair - just enjoying a snoop, humour me :)

This is one of the most encouraging documents I have ever read. The action plan is time stamped 2019 so should be well advanced by now, they are talking about huge funds, specifically for mining and specifically in C&L. As Bricks says so much of it has echos of LR comment. We also have Cornwall cited as a good practice case study and LR's site visit on Twitter. Trying not to get carried away but aren't we the perfect candidate to benefit from something like this? Years of private investment bringing a mine to the brink of 100% viability, simply in need of a cash injection to get us over the line. Dare we dream?

Great news Bricks - be sure to tell LR! :) Seriously though I wonder if that is once you have all the op's data in.

Grappa I took the fact that they tendered for it as a very good sign. WAI are world leaders and won't come cheap, they know everything there is to know about our rock and honestly if they didn't see it as a viable project I don't think they would have pitched for the position of PFS Managers.

Ha ha Props I was wondering about Crowdfunding but the problem is you need a crowd first :) Bricks I think there could be other catalysts in the nearer term but yes the PFS is obviously critical as you say.

For the benefit it will bring the region Bricks, I would have thought there just has to be a case for some kind of support from the recovery fund. I'm convinced bringing the Cu more to the fore is linked to this, we might not have a lot at this stage but it improves our profile as an energy transition company, fingers crossed for now!

Ha ha yes hopefully the EU will slip us the other $79m to build it :)

Thanks, and I certainly hope so Bricks it does seem to be rational to assume that the drilling and R&D would have been packaged up with all interested parties - EUZ, CDTI, Uni & SPI, it would be in nobody's interest for us to run out of money and not complete the R&D. I still think the £2m has got to stretch a very long way though and there is a question mark remaining over this now notorious "Certain key components" comment. Hopefully he was just being characteristically cautious.

Well if we can assume that the €80/m figure from 2017 is a good working number and it should be - same company, site and drilling contractor then I'm just encouraged that it looks like the CDTI deal may have been based on an estimate of anticipated drilling costs and related R&D. I had worked off the MC quote before to get an idea of costs per metre but thinking about it drilling must get progressively more expensive per metre the deeper you get, more power and time as inertia against the drill bit increases would be my layman's assumption. So I'm encouraged that at least it appears that drilling plus R&D should be ring fenced by the CDTI deal leaving the £2m for all the other business expenditure. Of course we can only guess how much that has eaten into the raised money - record pay roll, hydrology, fees to ALS, WAI, AMS, office and core sheds rent, vol-au-vents for the Mayors etc.

Prop's I find a perpetual 12-18 month time warp seems to envelop most of my AIM exploration stocks :)

Sorry x2 '0's.

Thought I'd try and get a handle on what we might have spent on the six month drill campaign and found an interesting old FCR RNS. I was really struck by the amount of detail about the contract with SPI compared to more recent 'Secret Squirrel' announcements. JT wasn't particularly popular but at least he was transparent about expenditure in this example quoting €80/m for the campaign in 2017. Okay it's likely to have gone up like everything else but we also had a longer campaign this time so perhaps some benefits from economies of scale, so let's go with a conservative guesstimate of €100/m. We completed just under 3000m of drilling this time so stick on a 0 and that comes out at roughly €300,000. If that's anywhere near correct it would suggest that allowing for likely additional costs related to gathering the drill deviation data the CDTI grant / loan would appear to cover the 2021 campaign, coincidence? Must admit €300,000 seems low and doesn't quite fit with the MC comment "0.5m bucks for a deep drill" which would be considered beyond the 1000m horizon. Still the €80/m figure was RNS'd in 2017 so maybe the CDTI award was negotiated in conjunction with SPI (who have a stake in any resulting software) to cover the drill campaign and associated R&D. The ballpark figures based on the 2017 quote are remarkably similar IMO.

Grappa I genuinely don't think that is where this is going but other mechanisms may give you the opportunity to exit at 15p if that is your objective.

Blimey incredible amount of funds Mm's, I would consider it a result even we were allocated a relatively small sum to complete a full BFS, anything that would help with the subsequent CAPEX then dreamland! Okay I admit to optimism bias but could the silence on how we plan to move the ball forward corporately be down to us waiting for a decision on a grant application (good or bad)? In other words imagine if we signed over a % of the asset to a partner only to find out later that we could have advanced the project independently to a point where our bargaining position is strengthened. The downside being if a hoped for grant application is unsuccessful any suitor or financier would be in the box seat to play hardball.

I agree with your last comment which is why sold some at a good profit on the July spike last year, happy to admit I redeployed the funds a bit early and could have got a lower top up but that's life. So as you're saying nobody is weaving tangled webs are you standing by your 4th Sep statement that you sold out, as you seem very tetchy about the SP for someone who could actually benefit from a drop?

Not sure that constitutes irony but hey ho you've found some safe ground by making a statement half of which I cannot prove or disprove though you were complaining the other day about delays in ordering some 'stock' from Italy, surprised you endure the hassle if you don't need to work. Bit of a 'tangled web' emerging again.

10Guitars, to be fair perhaps they were merely implementing their 'levelling up' policy, after all NCYT was doing rather well :)