Member Info for Shedulike

Sure I'm not defending the dilutions. The mistake in retrospect was not raising the serious money required when we had a stronger SP. Of course they expected to progress the SP not screw up over the ASX JORC / SS issue. As I have said before we have been on the back foot on funding ever since. Just a bit of fact checking I assume you aren't talking about CB leaving as you would be claiming LR was on either £37.5k or £25k prior to the Chairmans departure. If you are talking about JT leaving in 2017 then LR went from Non-Ex to Executive Director so would have expected a pay rise. Can you quote the figures showing that the package went from double or triple just out of interest?

No you didn't use the 'c' word but you stated that you agreed with the poster who did which, or did you say it was hard to disagree? Anyway the post has gone so let's not argue about that, I'm glad you have since said that there's no evidence of it. I would also point out that the poster who did make this allegation was wrong in stating that LR and MC have no 'skin in the game'. They do, not as much as I would like but they do. They also took pay cuts in return for options. I think MC takes £100,000 LR £75,000 the average salary for a CEO on AIM is £325,000 just for context. That will of course include much better performing companies where a high salary could be considered more deserving so I'm not saying they are underpaid by any means. Personally on the evidence I have I think LR's salary is about fair but I don't really know what Myles does for his £100k. I can't argue against the fact we have a poor track record of raising funds with equity at low values but operationally the work has been excellent and I believe the value will come. I think anyone who has spoken to LR knows that there is a much more feisty and energetic character there than perhaps comes out in the interviews. I genuinely don't believe he is in this to maintain an easy lifestyle, obviously he wants to make money and the really big bucks will come to him if he delivers this. I also think he is driven by the professional industry kudos of making a mine at Toral a reality. The 'lifestyle' thing is pretty subjective concept so I'm not expecting to change your opinion, which of course you are entitled to.

Just for the record I agree that the 'value event' comment was a big misjudgement, I'm not going to defend that. Even if it is a statement of strategy rather than a promise they still must have known it would raise hopes of an imminent positive transaction. Thanks for the feedback trade, the assays do seem to come back a lot quicker than the metallurgy. So perhaps we can expect them soon from the second phase pallet and maybe metallurgy from the first phase wedges soon as well.

..... as for the removal of the earlier post I think it was probably not the old favourite yawn.... 'lifestyle company' allegation but I think the word 'con' was used. I didn't report it as it was so ridiculous and laughable that I'd rather it had stayed up. Think about all the groups that must be in on it, where to start? Okay the last RNS guess we sent fake drilling data to the CDTI to achieve the first milestone of the grant / loan? Suppose ALS must be in on it as well if they keep returning these excellent assays. AMS must have been tricked into thinking we have a JORC resource. Bara concocted the PEA and the recommendation to move to PFS was added later? WAI and Tomra must be in on it as well with their metallurgy and ore sorting results, surprising then that WAI tendered to be PFS Managers if there's nothing there. I can't promise there will be a result here for us, there is after all still risk but honestly the silly things aggrieved investors come up with just to air their frustration whether they're disappointed with this or other stocks.

Grappa how can certain regular posters govern the content of the board? Nobody can stop anyone else from posting. Speaking just for myself if I don't agree with something someone says or think it to be misleading I will challenge it but they are completely at liberty to reassert their opinion if they think my challenge is unfair.

If someone from Red Electrica came onto the Board I'd be a bit more excited Mm's but a good find and not an impossibility there's something in it. LR did reference "critical metals and strategic integrated agreements" in a Tweet recently.

Not sure the depiction of our latest mine design quite fulfils our ESG committments.

I know it's tricky to second guess what is happening but I agree so much depends on the possibility and extent of EU funds, potentially it changes everything. After all why give up a % of the asset at this stage if just the relatively small matter of €1m would see us to a BFS. The further we can go in the de-risking process independently the better as long as maintaining 100% ownership of the asset doesn't mean more equity dilution. I'm certain we'll get something from the recovery fund it just remains to be seen whether it is a handy sum to see us advance the project to the next milestone or the dream scenario of a grant to take a chunk out of the CAPEX.

Well the chart suggests we did bounce from these levels in March. However I don't want a bounce or another spike but something sustainable to reflect the value of the asset. I can't see that happening until we have some surety on funding, until then I can imagine any gains on good assays or positive ore sorting results just fizzling away. I don't think it's even debatable that the 'value event' comment was misjudged and actually pretty crass as they must have known it would give PI's hope that something positive was round the corner. I still believe our time will come but it's long overdue, it was Dec 2019 when MC told us the metallurgy would give us non-dilutive optionality, well???

SLOS - the mining method of sub-level longhole stoping is currently the model for Toral.

mfm I agree to an extent but when this £50m figure last came up I looked around and found some funds that do specialise in smaller caps and found plenty of companies in the portfolios as low as us so it shouldn't be entirely prohibitive (can't remember if I found an equivalent in our sector though) but yes I agree it doesn't help. As for the value event I think it was bad form to flag it and not deliver and I have made my feelings known on that. One year of Conrad and six months of AH and as yet nothing, I'm sure if and when they deliver the wait will be forgotten but I feel it's overdue and definitely a requirement if we're to hit the TP target and on to £50m.

CHRI5P that kind of alludes to LR 'lobster pot' comment about institutions not wanting to get into something they can't get out of due to low liquidity (Vox webinar). My worry about that is it possibly puts us in a catch-22 situation, can you see PI's moving us to a £50m mcap?

Would certainly be good to put his behind us and look to the future. Talking of which does anyone know how seriously they are taking this geothermal potential? I saw a comment about it in the op update is it just lip service with ESG top of everyone's agenda, or a realistic diversification away from being a straight O&G play?

Only have a small holding here and not 100% up to speed on everything I admit, but is there a potential scenario where as looks likely GP Jersey fail with their resolution today but then start selling out on a successful well at WRB1? Perhaps they wouldn't 'cut off their nose to spite their face' if results are good enough to promise a longer term rosy future here.

I'd prefer more to be with institutions if I'm honest CJ but for whatever reason they haven't attracted a new reportable holding recently which does concern me a little. I was wondering if the SP has suffered to an extent because of Energy Minerals Investment being dissolved last October that would have put 666,667 shares into the market in new money if my calculations are right (and assuming they have to liquidate holdings on dissolving the company). Not a huge amount but on our low volumes significant enough to move the price. We also don't know if CB sold after leaving the Board, certainly both spikes since that event got well and truly 'wackamoled'. Anyway these should be only small factors and its up to LR & MC to up the interest in EUZ to the extent that such things just get shrugged off.

Wow that's a lot more than me CHRI5P. It's just the interpretation of whatever platform you're on re. buy / sell. Look at the London Stock Exchange site and the trade is just reported as a trade with various technical stuff but no buy or sell tag. I was wondering the other day what caused that rise from 9-15p in March? Can't remember now, there was no obvious news flow to cause it, perhaps we'll bounce again off approx 9p, would rather it was off something solid like funding though.

Just wondering if we could be in for a surprise with the drill strategy. Looking at the Tweet on June 7th if phase 2 followed a similar pattern to phase 1 (028-31) wouldn't it be virtually complete as 032-034 were already 'pending assay' early in June? A couple of assumptions here admittedly, not least that phase two would be a similar number of holes as phase 1 but I just wonder where we've been drilling since mid June? Would it make sense to try and get some measured resource in the lower high grade zone before the PFS?

Yes looks like the 9.22's are buys and the 9's sells so the red is just the mistaken interpretation of the trade by this platform as the official ask is 9.5 making the mid 9.25 hence the 9.22's shown here as red. Not saying that's great as the real spread must be nearer 9-9.25. Suspect that without some positive news we will tick down again soon.

Last August was actually a busy month for news corporately and operationally so I wouldn't rule anything out. Resource update and metallurgy, marketing agreement and the placing. Let's hope for a more PI friendly transaction this time.

Congratulations to our JSE holders, sadly didn't get to watch the game today due to work commitments but having heard the result won't be prioritising catching up on the highlights. Perhaps most importantly we got the contest on and similarly good to see amazing stories at the Olympics where the UK of GB & NI have done wonderfully well.