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It seems the markets agree with me
"We are enthusiastic to create a globally significant PGM and battery metals company with our partner Rosgeo, a large internationally diversified company,” said James Nieuwenhuys, chief executive of Eurasia Mining.
“We are using the momentum of hydrogen and EV markets growing fast on the one hand and the traditional PGM regions struggling with various challenges including underground mine floods and limited electricity supply on the other hand. This year of 2021 is unprecedented for Eurasia in terms of the Rosgeo JV completion, West Kytlim production ramp up and the cash balance the company has at hand, all contributing to Eurasia's strong position to execute on its strategy.".
On 26 March 2021, Eurasia signed a binding agreement to create a joint venture with Rosgeo in which Eurasia will own a 75% equity stake in nine platinum group metal and battery metals assets, four of which are post the Russian feasibility study stage, and which have state approved reserves.
The joint venture projects have a total of 104.6mln ounces of platinum equivalent Russian Code reserves and resources in the immediate vicinity of the company's Monchetundra project in the Kola Peninsula.
The first joint venture company, Monchegorskoe LLC, was created to hold the licence for the Nyud open pit PGM and battery metals deposit.
Whatever rns is issued no matter how positive you will always get a few new posters or the usual suspects saying how negative it is. We could get a huge dividend announced and they would find a way to talk it down.
She’s another Beauty !
JV ‘s coming out of every Krevis & as per previous RNS Special divi’s incoming for stockholders.
Divi Dilemmas for those who own stock , if no stock then unfortunately it’s the plank & no chance of a potential divi . ( naysayers & Bots included )
5p @ below - lob a Kebab through Pipers head office window
5p- 10p - buy a bag of pork scratchings & a pint & half hour with Septic Lil in the medieval jacuzzi
10p-20p - take the Mrs to Whitby for a weekend & slap up Fish n Chip supper washed down with Grog
20-30 p - Take a couple of Randy Russian sea wenches on a mud wrestling weekend with gallons of Grog
30-40p - Bring aboard a full platoon of Randy Russian sea wenches for a weeks Musket polishing for all the crew & bathed in Barrels of Grog .
50-£1 - Take the full crew of invested scallywags sailing to the Algarve to be waited on by Naked Russian wenches wearing nothing but a lick of goose fat & obviously unlimited Grog .
£1 & over - The World is your oyster & would even give the Bots a glass of Rum ( obviously after they have given the ships latrine a once over )
Piper currently licking the envelope containing the finer details & packing there budgie smugglers in the Ocelot Fur Suit cases & slipping on there Alligator skin winkle pickers .
Roll out the Finest Grog
ohh sorry for replying to myself but i forgot to mention EUR is not allowed to make false claims ! They have just said progress being made on the 12th may strategy ( as much as they are allowed under the rules im guessing ) so this rns says ... progress on rossego and here is how AND progress on 12th may strategy but cant say more right now ! imho and wtfdik etc
Im pretty sure there are many who read rns' and see fairy's unicorns and/or thunder clouds depending on their agenda. The key bit for me was ..... "committed to advance the Rosgeo JV CONCURRENTLY ( I ADDED CAPS ) with the progress we are making on our strategy as announced on 12 May".
Read between the lines ..... this is a progress report on rossego...the strategy reported on may 12th ..... concurrently ... ie progress has been made on rossego AND concurrently ergo progress has been made on the sale jeez louise read slow and make the sounds in your head if it help :) good news tik follow tok follows tik follows tok .....
Ridemasif,
And yet again people like you give an opinion based on what?, oh you said, "no mention of the divi", so on that basis expect a negative reaction to the RNS. This RNS is an update of the direction this company is taking us to, all very positive in my eyes, considering we have this option to buy commercially productive mines. I suggest your not cynical, just another wannabe get rich quick merchant, who in my opinion hasn't a clue.
@Mooching. To be fair, we should have all been millionaires last year. Never mind. This year will do.
Might get some good news after 4:30 today
Morning! When you least expect it, less than 2 weeks before the AGM, up pops another piece of the puzzle!
Okay so a bit legalise and technical, but shows they are at least pushing on with the JV like they said they would at the last placement.
Seems like MT is fast entering "We just dont talk about that" territory, notable by its absence again. Must point to sale, surely?
Personally I struggle to see how EUA have the resources to develop many of the licenses without a cash injection from sale of something like MT, so hopefully the dots are joining up nicely in that direction.
Think a fee will be payable on license transfer, and we will hear how much when it happens.
Nobody down for today? Poor SL...
GLA let's see what the market wants to do...
That’s one joint venture in the making already. Just goes to show there’s been a lot of work ongoing in the background alongside the sale process. Excellent strategy and goes to show BOD are delivering on what they said. Positive news.
Morning all
Another very positive RNS JV signed & sealed Eua deals progressing almost weekly & as per previous RNS special divi incoming ,
All in the best interest of stockholders.
A few stock chasing naysayers will be out on deck today as 50% of stock owned by BOD & ii
Crank open the finest Grog
Might get some good news after 4:30 today
Nice RNS, progressing as planned. Focused on creating shareholder value for ALL holders. Only a BUFFOON will twist this. Solid RNS.
To be clear I’m all in. Invested and not a deramper..... I’m not a dreamer like some on here. Ok a bit cynical granted. Yet again the BB shows its tolerant side
GLA
Whoever is buying the assets want the 104m oz as well so this was the best way to achieve that
It confirms that the bod are doing what they said and making us all rich with a MASSIVE Dividend in the ££££££ not pence
As usual GLTA
I would agree with this observation and just creates greater value. People will dismiss it as positive news but I think some will dismiss whatever the RNS states because of their agenda.
Good news IMO and more to follow.
With the news this company is bring out I'm really quite suprised this is still at 23p. Probably not for too much longer.
If you're not happy or cannot see what's going on here I suggest you sell and f**k off. Sick of listening to whingeing brats with zero patience who think they should have been millionaires last year and the Bod have less credibility than them.
Ffs!!!
As I read it, they have just turned the Rosgeo opportunity into a bonafide asset with a dollar value now attached to it. This whilst still working on the sale of significant assets which this could now be deemed as being part of. It's good news imo
I don’t understand the negative spin some are trying to put on this. By any measure it’s a good solid update the BOD quietly getting on and accreting more value to the company what’s not to like about it
This was an update about the jv and not the other strategic options. Why would anyone expect an update on the dividend. Not the purpose of the release. Granted the RNS is a bit “wooly” but shows progress. I’m all in and have been for over 16 months.
never thought of ordering one in the first place.
these matters take time and cannot be rushed .
Ridemasif
Obvious agenda and clearly a new moniker, who were you previously?
Great news, good to see progress so quickly, very happy with that.
Why on earth would they mention a dividend in this RNS you absolute fool.
Filtered.