Member Info for Shedulike

Evening Bricks - does feel a bit like judgement day is approaching. Should next funding news be a placing after flagging a 'value event' for shareholders in an RNS then they will really have let current holders down badly. They just have to bring some funding certainty to the fore or else it will be just another round of great operational news incapable of moving the market because nobody knows for certain if we're funded to complete a PFS or not. I know the Exec's are as pi**ed off about the mcap as us PI's but they must realise that our value just won't be realised until the much talked about "Non-dilutive optionality" becomes a reality not a soundbite.

I'll hold you to that Mm's :) Coming up for three months since those wedges went off to WAI so perhaps some metallurgy due?

Depends what you're waiting for Nbear. Assays tend to be quite predictable, usually just over a month from despatch. Maybe some metallurgy or ore sorting from the first phase drilling soon.
Interesting re. Zenith Bricks - only 25% owned compared to our 100% ownership (with some obligations to Lundin). They do have other projects with some more showbiz products though to be fair but only one with a JORC, I can't find any metallurgy as far as I can tell on their website. I think some of these multi asset explorers have more immediate appeal to some investors who see lot's of goodies on offer but perhaps don't fully appreciate the significance of proven metallurgy, or really the sheer amount of work required to get a prospect anywhere near production. As I've said before, over 4 years ago I underestimated the amount of cash and time required to get where we are now, though to be fair to all ExtraLTH's hoped the SA iron ore would be a success. Wonder if we'll ever hear more about Lago?
Ps. Is that latest video "Proposed plant site and infrastructure" new?

Cheers Bricks - magnanimous in defeat does you credit. Such a shame, it wasn't so long ago you were talking about getting tickets for anyone who could travel, how the world has changed.

Marius Jonker - double agent.

Scrub that :)

........ is bricking it. Lions playing straight into the SA gameplan.

Highside I won't pass judgement in case I misunderstood you, or perhaps you're just joking but did you mean to say that you think LR did the presentation because TP told him he had to?

Roger you say 'nothing stands up to scrutiny' but that's just plain wrong. All our independently compiled metallurgical and JORC data was scrutinised by BARA in the PEA who then recommended 'moving to the Pre-Feasibility Study ("PFS") stage based on the current data'. WAI will now be crunching the latest data to produce the PFS so I think I'll wait for their opinion as to whether this can be a mine or not. On the 'value event' I personally don't think it was a 'trick' but I can't really argue the case with anyone who wants to knock the company on this issue as I also don't think it should have been RNS'd unless something was imminent. If it comes and a placing is taken out of the equation the time lapse will be swiftly forgotten but in the meantime it has created an open goal for anyone wanting to sow doubts so be my guest.

Can't help feeling that we're entering a critical period in which we'll learn whether faith in EUZ will either be rewarded or proven misplaced. I have complete confidence on op's based on our track record and early indications on current work but when it comes to funding we have the equivalent to the horse racing form of - fell, unseated rider, pulled up, ran out, refused & brought down. Guess we'll soon know if the value event is real or we get diluted again - sorry I've posted this before but it amuses me and perhaps sums up the equation we face as PI's waiting for the Exec's to deliver https://www.youtube.com/watch?v=hgdKFcOssnA

Thanks I remember my 'O'-level maths teacher doing a lot of 'Swearin' as well :) Wouldn't ever give investment advice but if you want to buy a chunk like that maybe speak to TP, you always seem to have to pay huge premiums for volume on the open market with EUZ though I don't think it's been tested when volume has been this bad :( personally I don't have a spare 50K cash to find out.

Blimey ant even my maths can work out (I think) - that gets you 1% of EUZ in one hit?

Yeah it's just so high risk for getting a card, he also costs us points as he gets the referees backs up. At least with the Lions he won't be captain (on the bench in fact) and Alun Wyn is a skilled referee manager, which sadly is such a big part of the game nowadays.

antharry depends if you mean the metallurgical and ore sorting results from the first phase of drilling or their overall work as PFS managers. If they release it in isolation we may get the former soon as they've had the cores for nearly three months.

Haha maybe Bricks but good thinking to nobble the NZ TMO and leave nothing to chance :) Aucs don't get me started on Owen Farrell!

Bricks aren't you biting today?
https://www.bbc.co.uk/sport/rugby-union/57937313

"O, what a tangled web we weave when first we practise to deceive!"
Walter Scott

MM, 2nd June - "Due to my broker failing to execute my sell order I have benefited from the nice rise in the share price. My 10% stop loss will ensure a very healthy profit no matter what happens to the share price in future".

Yeah I was half expecting something today Bricks. I see you guys have installed a local TMO for the test match just to be on the safe side :)

Hi Bricks - isn't that a hangover from his BZT days who have Cu/Au projects? I'd settle just to have a bit of Cu in the mix at Toral but it's officially on the back burner now. I understand the logic of that - concentrating on our main resources but don't quite get why TP talk of the copper just as a LOM extending possibility, we know it shows up at all levels so surely we'll be encountering it early doors as well? Maybe it's just these deep thrusting shoots that promise economically mineable copper and the near surface deposits aren't worth bothering with, anyone got anything on that?