Member Info for Shedulike

Highside I tried to explain to you politely twice about the purpose of the bore hole, even gave you the link to the preliminary hydrological study and you kept coming back with the same misunderstanding. It doesn't matter what the purpose of a bore hole may be in other contexts, at Toral when EUZ refer to 'the bore hole' it is for hydrology. Just want to get the facts straight. KY surprised you're suddenly such a sensitive soul, the board will have an exchange of opinion sometimes it will get heated, I don't see a problem with that. Disagreeing with someone isn't striking them down, they are quite at liberty to come and reassert their argument as Highside has and I have made my point that our bore hole is for the hydrological study. I don't know why you activated an account for the sole purpose of slamming EUZ but I'm guessing your motives are not altruistic.

Holy crap Highside I've tried to help you along today without causing any offence but you are woefully under researched on what's going on here. Boreholes = hydrology, nothing to do with furthering certainty in the resource or retrieving met samples. Look I'm not putting you down but I would recommend a serious amount of reading of historic RNS's before you 'contribute' again. That's putting it kindly if I wasn't so nice I'd be honest and call you a prize chump :)

Not sure I understand what you mean - prelim hydrological study announced Feb (2020) with recommendation for additional bore hole (completed recently) with ongoing piezometer monitoring for comprehensive PFS hydro report. Drilling for resource and met samples since Jan 21 and ongoing as far as we know, different workflows.

Highside, the bore hole was always planned as necessary for the pfs since the preliminary hydrological study. It's all in here if you're interested:
https://www.lse.co.uk/rns/EUZ/hydrogeological-study-completed-attj4rcmbp2cwoa.html

Hi lor, sorry too busy today to enter the fray so just seen your early post - I feel we're soon going to find out hence a bit of panic about the place. As I said yesterday we can't rule out a placing until LR & MC prove there is some substance to the 'value event' comment. I do remain optimistic but if you were studying the 'form' well it's not surprising that many are doubting and de-rampers enjoying their sport. Mailgirl makes a good observation about the flash down below 5p, I don't do charts but I remember the portenders of doom turning up, there was even a weird trade (I think at 2p) which subsequently disappeared and then we rallied up towards 30p. I hope it's steadier this time based on some solid news about funding and the usual good fieldwork continuing to remove risk piece by piece. You mention AH, I was also not terribly enthused by the arrangement, particularly the confidential remuneration but am still keeping an open mind. I asked this yesterday and may have missed a reply but where did this idea that it was a 6 month contract come from as it's not in the RNS. I also wonder if, on the basis that they RNS'd his appointment wouldn't they have to RNS the fact that he is no longer an advisor? Ah well, just enjoying this battling display from India with a glass of wine and remain philosophical about the ups and downs of AIM.

Well I'd think it would be more accurate to say they are mostly all crooked, there are obviously exceptions, so almost in agreement for a change Highside. What I strongly disagree with is that Brussels corruption means that what we have seen here particularly during the pandemic 'pales into insignificance'. If you think it is insignificant then you underestimate the wrong doing and as an electorate we should all expect better of the politicians closest to us.

Quite right Props the cronyism and 'chumocracy' from this government has been outrageous. It's not exactly difficult to see how Spain and the region would benefit if they did see fit to allocate some of the EU recovery package to help this become a mine, well not for most people. Somewhat ironically the UK are still paying into the EU (as of January 2021 there was still £25bn left to pay by 2057) so we could at least claw a bit of that back as EUZ shareholders if we did get a grant :)

Just found it interesting watching this again from 2018 particularly the question around 23:20.......
https://www.youtube.com/watch?v=AftxWNvv8Co
If Laurence is still answering questions about deleterious elements with II's as vaguely as this I wonder if that's one of the problems with getting more on board? A full three years on we have dismissed Iron, Bismuth and Arsenic but they haven't released the full picture yet which I find annoying and perhaps for big investors it represents an unacceptable risk. Not ignoring anyone who might want to discuss this but have a long drive - catch up later. Ps. The JW podcast that follows the clip is also an interesting pre SS perspective, whatever could have happened next?

Well I have to admit you're right, at least as far as lighting a fuse goes :) I won't apologise for finding it strange that you wanted to wish someone well after they stated that EUZ is a scam, to me that is odd and it is my right to say so, tough. Look as long as I've been invested here I have stared the risks in the face and I'm not about to change. Funding is obviously an issue, we're into the eighth month of drilling, this is completely new territory. In 2020 we stopped drilling after two months to direct dwindling resources elsewhere. We still have an incomplete picture on impurities, I have always said it is likely we have Cadmium and Mercury and it will impact the economics. Hydrology is incomplete but looking good so far though don't underestimate the significance of the River Sill. I don't care if that gives de-rampers succour, I'm dealing in reality and until we know that we are funded to complete a PFS another placing remains a possibility though I'm hopeful there are other options. Over and above that (IMO) there are many positives not least the local support which is a massive plus.

Say what you like Highside but if a poster suggests a company I have been invested in for years is a scam when I know it isn't my priority is to point out why that can't be the case rather than wishing them well, each to their own I suppose. As I said yesterday the fact that this isn't a scam is obviously no guarantee of future success, we still have risks to negotiate and I am happy to agree with the doubters that funding remains a big question mark. There are credible theories about where the next funds are coming from but until LR & MC prove they are capable of delivering something other than a placing it remains an issue.

And the competition for obsequious post of the day comes to an early conclusion :)

Well you must have reading challenges if that is the case Roger. It makes perfect sense that if a number of highly respected companies whose reputations are based on providing accurately compiled independent data consistently show we have a quality resource then it is obvious to anyone without an agenda that this is not a scam. Does that mean I know 100% that this is going to deliver? No of course not, there are still risks and yes I'm concerned about funding. I have made a high risk investment, traded some successfully when the opportunity arose last year and am happy with my position so you won't have any success trying to bait me with juvenile suggestions that I'm in on some kind of scam.

Pathetic post Roger, but just for fun let's consider how LR is carrying this trick off. So I suppose he's conned the CDTI into believing the drilling data in order to achieve the first milestone of the grant / loan? Must have hypnotised the boffins at ALS to keep returning these excellent assays also. Goodness knows how the respected mining consultants AMS then delivered an indicated JORC resource. Guess Bara also concocted the PEA and WAI tendered to be PFS Managers after years of conducting our metallurgy because an internationally renowned mining company are so desperate they need to be in on a fabrication. By all means de-ramp away but have the decency to keep it within the bounds of credibility. I can't promise anyone we're definitely going to fly soon or we're get the funding solution we're hoping for but please don't allow yourselves to be unnerved by such ludicrous posts.

Couple of important pars from the UGC announcement.
"UGC believes that due to logistical benefits, the location of its production assets and the overall outlook on the iron ore market, IRC has a strong potential for growth, and that the U.S.$10 million cash consideration under the Proposed Transaction does not represent its fundamental value, especially given that the market value of the Petropavlovsk's stake in IRC around the time the Agreement became binding was worth more than U.S.$100 million.....
........There is currently no indication that Bond Holders will be consulted in respect to the Proposed Transaction. UGC therefore calls upon the directors of Petropavlovsk, the Bond Holders' Trustee and Bond Holders to convene a Bond Holders’ meeting to consider whether the Proposed Transaction is consistent with Petropavlovsk’s interests and should be completed".

Think I've found the translation:
https://www.youtube.com/watch?v=tWkmYraB3Rs
Suspect this isn't considered politically correct nowadays.

I'll have a go later Brikz - learnt a bit in Central America as a lad but I find 'Spanish Spanish' difficult to understand. Is it the DG of Mining CyL who also visited us?

Just a thought Bricks, la Gran Corta de Fabero was an open pit mine rather than a quarry. The most recent video on the website highlights the quarries that are closer to home so I think that is more likely our tailings management / landscape restoration opportunity. Still, I take great encouragement that we're talking about the Junta looking at EUZ as a contributor to the region, everyone pulling the same way.

I don't post here much but came in a smidgen over £1 and plan to hold this very long term as I'm convinced NCYT are strongly positioned to become a mid-cap diagnostics company. The real head scratcher for me with regards the SP is that there was a time early in the pandemic when it was widely believed that the arrival of vaccines would kill testing stone dead. I remember someone from SP Angel talking about the pre-vaccine period being a window of opportunity that would eventually close and that the big question was how long the window would remain open. Not trying to be clever after the event but I aways believed that wouldn't be the case and wasn't tempted to sell at £12, so it turns out I was correct in my thinking that testing would continue but spectacularly wrong in my decision not to take profits at £12. The question now is what does the market want to see from Novacyt to get us back to those levels and beyond, hopefully the recent shake us is the first step in providing the answers.

Yes dread to think when I first dipped in here. Certainly good to see it (hopefully) turn, wonder what has caused this? Flat day for gold and surely can't be down to the bridge news with our IRC exposure.

Yes Rusty I looked it up in the end as it was annoying me not being able to remember, it was Oct 2014, "Petropavlovsk PLC wishes to notify that IRC Limited ("IRC") has today announced the signing of an agreement for the sale of its Amur River Bridge subsidiary, LLC Rubicon, to Russian and Chinese development funds for approximately US$4.4 million".