Member Info for Shedulike

It's a bit of both, "The Grant is categorised as a partly refundable loan..... 70 per cent of the total Grant will be repayable with the balancing 30 per cent then not required to be repaid". Should the CDTI not be satisfied that money has gone towards the drilling and related research then they might want the 30% back but I wouldn't expect that to happen.

Yes, it's probably outrageously politically incorrect of me to assume that the one male is hetrosexual :) But I wonder if he has problems concentrating in the lab?

Had to smile, whoever put together the montage of healthcare workers on the webpage must have skipped their diversity training day and I'd hazard a guess was male :)
https://microgenbioproducts.com/pathflow-2/

Blimey zinc in overdrive today, heading for 10% up on the PEA figure, 10% of $526.5m is another $52.65m of revenue. Plus we'll soon be adding to the resource early doors and hints that we're addressing the LOM and it's not hard to see how the numbers will start spiralling upwards. Could be throwing in Cu also now what a Brucey Bonus that would be!

Hmmm "LOM extention", okay apart from sacking the proofreader does this indicate we could be throwing in some more ambitious drills after the first phase early years zone targets? I would have thought we'd need some more money for that, interesting.

Okays let's agree to disagree cordially, hopefully a novel template for the EUZ board :) I've done badly and well averaging up in the past, and badly and well averaging down so not an exact science. As things stand if EUZ deliver a PFS that recommends moving to a mining plan then averaging down here will have served me very well. If the market was a perfect weighing machine for the just value of a company there wouldn't be a dynamic market. There is risk here as I often talk about but it isn't in the past errors or even in the rights and wrongs of averaging up or down. I want deleterious elements and smelter economics in the open before I will relax, I also want to know that at least that these drills have hit their targets even in lieu of assays. I think we sometimes obsess about placings when without that facility this would be all over, it's unpopular but our only near guaranteed protection from insolvency. The biggest risks that could yet torpedo this are impurities, a reversal in metal prices and hydrology, don't underestimate the significance of the River Sill.

mfm I think there's a subtle difference of opinion here. I'm arguing that averaging down isn't necessarily a bad strategy even though there is always a possibility of 100% losses with non-earning explorers. So yes danger and indeed the possibility of losing your entire investment, my point is that averaging down at opportune moments as the project becomes increasingly de-risked makes sense to me. I tried to illustrate this logic by explaining my reticence to load this years ISA due to the fact that comms aren't to my liking as we wait for the big one. Don't quite follow you on the BZT example, why wouldn't buying at the bottom have been a good thing? I don't get why anyone would stay in a stock with a high average hoping and even in expectation of a good result and yet not buy the dips which are often perpetrated by irrational sentiment. Trust me I'm not bragging as I have bought much higher as well but I took a little chunk at 5p here and I'm not regretting that...... yet :)

Yep they always make you pay for a bit of volume Verbs. As I said Grappa it all depends IMO. If you are just averaging down to try and get out with the feel good benefit of just squeaking into the black then I guess it's a dubious logic to increase your position as you're doing it under psychological duress. If however you still believe it to be a good investment and you want to build a position then it makes sense to add on the dips. I don't see that as bad gambling, you are welcome to remind me of that if it turns out that all the drills have missed but we have a lovely drill deviation software package and the corporate value event is just another placing :) Seriously though there could well be an equity component to the deal but I don't see it being a straight placing.

I don't see what's particularly dangerous about averaging down as long as you don't overstretch yourself. I agree that it represents a failure of strategy as obviously nobody planned to be averaging down when they first invested. I guess you just have to look at the risk with the same objectivity on each tranche and not do it because you feel you have to take advantage of a low price. For me increasing my exposure in this way made complete sense as over the last year I saw EUZ becoming a massively less risky investment than it was when I first invested. However as I said this morning I'm not over the moon about the current lack of regulated information and so I have deferred using this years ISA allowance up, if good news comes along I will be paying more for my top up and likely averaging up but I don't feel I can justify increasing again with the current uncertainty. Everyone will have their own thoughts and risk appetite in the present environment and with their own personal circumstances so I don't think there can be hard and fast rules about the wisdom of averaging down.

Hook, line and sinker :)

Brilliant, even you Bobby couldn't miss the irony of posting 'just ignore it' when you just couldn't. Great start to the week - gloves off after 10 mins trading :)

mfm for me it depends if you regard averaging down as throwing good money after bad or not and that depends entirely on your objective assessment of the prospects for the company away from the noise on here and market movements which often have nothing to do the real value on offer. I see comments on many AIM boards in which posters argue that x, y, z company can't be any good because of the dire SP / mcap ie. that is the truth and the market can't be wrong, I wholeheartedly disagree, the market is often wrong both in gross overvaluations and in the case of EUZ an undervaluation (IMO). If you believe in a stock it makes absolute sense to average down when the market generally has moved on, what makes less sense to me is to stay in hoping for a miracle as an investor if you don't rate the company or the Exec's when there are hundreds of opportunities elsewhere. Anyway I have mixed feelings at the moment so on a personal level am torn between my underlying belief in this project and the change in recent comms which has caused some unease for me. Results RNS's are never pretty for junior explorers with no income but we have always survived in the past without fluffing them with rampy comments. Whatever might or might not be in the pipeline they shouldn't have flagged the corporate transaction unless confirmation was set to follow hard on it's heels. I haven't reduced but I have a lot of ISA space that was earmarked for EUZ but just can't go through with it when we're in the middle of a guessing game about op's and corp matters.

Copper is never going to be our biggest earner but they surely have to get it back into the JORC for the PFS. All I know is that budget restraints meant it was dropped as a priority and not considered when AMS restructured the JORC model but global events are making it so important they just can't ignore it IMO. Certainly it shouldn't be a pipe dream that we could soon have copper back in our basket of metals:
http://www.europametals.com/site/PDF/98b32ed8-b3ae-4b18-92af-8174855f330b/PhaseIIInfillDrillingResultsToralProject

trade there are huge manufacturing interests in keeping the price of silver low. The key for me is if industrial demand will eventually overcome this, if so it could be like a dam being breached and the results spectacular. I enjoy trading silver because it always seems to bounce back. I've noticed when precious metals are on a bad day generally silver tends to take the biggest hit which is counter intuitive because the practical applications (compared to gold) should make it less volatile, but this does create opportunities and so as long as you have a reserve to cover your margins on a bad day it's proved a fairly safe play mid term with the potential for something extraordinary on the horizon. Still needs a great deal of caution as we can only ever hang onto the coat tails of powerful shady forces, I suspect many got hurt on the Reddit spike when it failed to hold above $30/oz for instance. Anyway more to the point it's certainly a welcome feather in the EUZ cap, hopefully our portfolio of products might be increasing soon!

Re. Moonlight, they cited in-country obstructiveness as a reason for pulling out. Bobby as for the general backwards and forwards of posting opinions just try not to feel 'shouted down' when someone disagrees with you. I genuinely think you'll be able to engage without getting agitated if you accept that it's an exchange of opinions rather than your fanciful notions of being censored. As for accusing me of policing the board when it is you who is most prone to resorting to name calling...... well just have a little think maybe? Anyway you'll be okay this evening as I happen to agree that the 'value event' comment needed swift backing up, particularly as included in an RNS. I don't doubt that a corporate transaction is in the pipeline but only time will tell if it is a major value event for all shareholders, we can't rule out a debt / equity deal so I'm not expecting the slam dunk we're all hoping for, though I do expect it to represent progress away from the usual straight placing. Now please agree / disagree / critique my post without the dramas.

I think to be fair to LR I have never known another CEO in a publicly listed company so willing to engage with PI's. However it's no secret that I am disappointed over comms with the technical drill info (assays we can wait). As soon as I saw the Covid cloak of secrecy come out in the drilling commencement RNS I sought clarification and was told categorically that progress would be reported exactly as before. That I'm sad to say has been proven to be untrue so as I said before my faith is being tested. Will the big corporate announcement explain all or will it be another kick in the n*ts? As for Bobby I do think you should man up a bit. I hate this 21st C sensibility that if you feel offended then offence must have been given. I don't know how many times you've said you feel attacked because someone disagrees with you. It's called a debate, as long as it doesn't spill over to abuse. That reminds me you really like to dish it out don't you but as soon as someone questions you it's a case of a hardcore attacking you, self pitying nonsense.

Yes understandable jedster, I guess with LTH's who have a history of dialogue with the company we're erring on the side of trust but I'd imagine that many newcomers are slipping away. I've certainly had AIM experiences when prolonged silences give rise to theories that it must mean something amazing in the background and then bang! It's a screw up - will EUZ prove different? I believe so but time will tell.

Yes lor I noticed yesterday when testing the sell price I couldn't get a quote even on quite low volume, I think I went down to 10,000 for a a live price. Not a huge concern as things change with the wind here but I do feel that management are taking PI's faith for granted somewhat in this operational news blackout.

These 11.4p trades are buys surely? I make it a smidgen over 11p to sell, anyone here place these trades? Maybe the LSExchange official ask was higher when they were made making them appear as sells on here. Come on MC & LR time to deliver on the 'major value event' and importantly ensure it is indeed 'for all Europa Metals shareholders' and not just a cracking deal for whatever new entity is coming to the table.

Haha Props certainly not proving to be a Premature Feasibility Study. Actually to be fair it's not late...... yet. Let's hope this time next year we're not saying FFS they said 18 months and we still haven't drilled the bore hole.