Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Like I say mac I'm in no way drawing any parallels with us, just explaining it's not as simple as investors not doing research. Short of going down and measuring the oil yourself somehow (these sere new resources not historical) you can only go by the findings they were given, by the "professionals", which I believe was 90% over the true resources. Very dodgy company that did their drilling etc. EUA are not remotely similar We have much historical data by several different parties going back many decades.
fergg As annoying as I can be to some, those are the doubts that nag at the back of my mind, all my digging around our BOD has shown nothing to cast doubt. UBS however, I wouldn't trust them with a Pot Plant.
Wrong ferg, you can find historical data like Rowka has done. There is a huge amount out there, and that is a massive difference with something like Eurasia. The Anglo JV, and also historical data for the area all says the same thing.
It's all to do with thorough research.
GLA
Mannamead, if you read posts from a couple of weeks back on HUR it reveals a lot more, people had faith in the bod and company, sounds like some invested most of their lives savings in them. Turns out all the estimates they were being given about oil resources were totally false/fabricated, but as a pi you can only go by the info they are giving you. Again not trying to cast doubt on anything here just pointing out they weren't investing into what they thought was dodgy stuff, just being fed false promises and lies but weren't to know any better.
There are some traders on here Mannamead, they swing from one standpoint to the next, all very much dependant on what they're trying to achieve. One minute the BOD are great, the next they are apparently to be questioned. You also get noise makers, they will post over and over again to make informative posts disappear, so that anyone looking in does not benefit from those posts.
They make false thread titles to try and grab peoples attention, ones that go against what has just been released in RNS.
It's all a game to them, but all the info is there for any true investor to read themselves, both in that new company presentation (sales brochure), and RNS.
I don't believe we have much longer to wait, that BOD shuffle is a very clear sign.
GLA
Agree Mac HUGE SALE is where we are going, new CEO Mr Nieuwenhuys is a final part of the jigsaw going forward as his deep knowledge of EUA operations and due diligence performed when CEO ensures he will be on the board of any future purchaser, likewise Dmitry ‘Moses’ Suschov, who has guided us to this point enabling us and him to reap stellar reward prior to his next project commencing this winter.
Short time frame left now all the clues were in the RNS anyone selling now needs a severe talking to LOL!
GLA
PP, I suspect that’s a good sign actually. See my post st 12-22. ;)
It's all in RNS, there for anyone to read. Again, all part of research that any investor should do before investing in a company.
After hour buys on friday, shows people the level of confidence that others have.
GLA
Sorry, was on the BOD ;) , because, well, it's execution time.
GLA
Not only is he on the BOD, he runs his own investment company lol. To bring another investment banker on board, he gave them part of his investment company -
"Mr. Dmitry Suschov has transferred 25.472% of the share capital of DELOAN INVESTMENTS LIMITED"
That's how confident he is of what is going to happen.
GLA
What i have found odd on here, from time to time, is people questioning the BOD. If you take your car to the garage for repairs, do you question that they will do the job?. You don't do you, because they are the professional in that field. You have a medical issue, you go to a doctor, again, they are the professional in that field. If you want to invest money, you go to an investment banker, because they are the professional in that field. Instead of waltzing on in to some building somewhere to find that professional, we simply have them here on the BOD.
GLA
It's an investment banking game, their show, we're all just viewers of their expert show -
"In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019."
GLA
All about Dimitry putting one foot out of the door IMO and being less involved.
Yes ferg, a lot of it is to do with the BOD and their experience, all part of research any investor should do prior to investing in any company -
"Mr Suschov has a successful track record of leading the strategic sales of companies in the natural resource sector including the sale of a silica sand mine and the second largest global carborundum production company to Indian Murugappa Group, the sale of a natural resource company to Danish natural resource fund, the sale of a gas company to a major Russian investment group and other deals."
These are ex investment bankers, this is their game.
GLA
People have mentioned this being the biggest sale in aim history, let's hope that's the case. AIM has a really shoddy reputation and companies like HUR have only added to that in the last couple of weeks, ruining many people's lives. I am not comparing the 2 I am indeed hopeful this will be mega and restore some faith in AIM smallcaps that they're not all bad and in fact some are very, very good like EUA!
"Scalable project - potential to create a new PGM district : 40Moz target resource in district : Well understood geology and access to historic drilling data underpins 40Moz resource estimate"
As per the official company presentation -
https://www.eurasiamining.co.uk/investors/presentations
GLA
Everything in that board shuffle is to do with executing a sale, nothing more, nothing less.
All hail Dmitry/Moses!
GLA
"The Directors have agreed to release Dmitry Suschov from the Board in order to allow him to focus as the Company's Chief M&A Officer on the M&A work streams with Eurasia's professional advisers."
"Mr Suschov has a successful track record of leading the strategic sales of companies in the natural resource sector including the sale of a silica sand mine and the second largest global carborundum production company to Indian Murugappa Group, the sale of a natural resource company to Danish natural resource fund, the sale of a gas company to a major Russian investment group and other deals."
The board shuffle is to execute a HUGE sale -
"Christian Schaffalitzky, Eurasia's Executive Chairman commented: "This reorganization is designed to optimise our execution team. We are delighted that James has agreed to take on the CEO role. James's focus will be to work with our advisers on the sale process. "
James Nieuwenhuys, Eurasia's CEO and Executive Director: "In my new capacity as CEO and Executive Director I will continue to work with our advisers on the sale process of the Company and its world class assets, Monchetundra and West Kytlim, leveraging my relationships made over more than 40 years in the mining industry and securing a deal beneficial to our shareholders".
"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."
GLA