REMINDER: Our user survey closes TODAY, please submit your responses here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Glad to see some of the Mad Storks lies being deleted.
The guy is an absolute fantasist.
buyontop
You wouldn't happen to be a vicar for the happy couple as well by any chance?
Mark: Of course the PFS/ reserves report was *a* condition of the contract; contracts do tend to have multiple conditions, you know! Every single FID on a EPC contract requires a DFS to be done. No exceptions. Nobody on earth is going to lend money without a detailed breakdown of expected costs and returns, which a PFS alone does not provide.
Great quote MarkP from company RNS.
Completely blows TMS post out the water and proves he is posting fabricated lies again.
Beware guys of TMS posts, they read and are worded to sound professional and informative however as MarkP has proved....false.
Best filter
there would be no debate just simply back patting by the rampers!
TMS - "The Sinosteel deal is dependent on them doing a Russian-equivalent DFS. It would be madness for anyone to lend money without having a proper NPV, AISC figures, IRR etc. As we know, there is no DFS as yet."
https://www.lse.co.uk/rns/EUA/russian-subsoil-agency-approves-maiden-reserves-315dwanqsfrobvh.html
"An EPC contract was agreed in October of 2016 (see RNS dated 10 October 2016) between TGK and Sinosteel, a state owned Chinese corporation focused on mining, trading, equipment manufacturing and engineering. The proposed contract would provide for Sinosteel to undertake mine and processing plant turnkey construction and commissioning on a commercial arms-length basis. 85 per cent (or US$149,600,000) of the contract value has been arranged as debt-based by Sinosteel and this element of plant construction costs remains on the Sinosteel balance sheet until such a time when the plant is operating at full capacity. Approval of Reserves and the Feasibility Study governing the extraction of the Reserves was a condition to this agreement and this has now been fulfilled."
Just imagine if everyone filtered mad stork and Kira. They’ll be left debating between themselves. Lol let’s do it
Lunatic. Filtered.
Kira I think we were getting some money upfront to develop the MT site which some people posted wrongly that this where a dividend payment would come from when DS mentioned a future possible dividend payment in November 2019.
No idea how, but I got that Spurs.
Please word more carefully!!!!!!
Unbined.
For sure happyscott, at the end of the day, eua have received something which will pay a significant dividend and the derampers cannot deny this.
No Kira
There is a subcontract for Eurasia to complete some of the work but no ‘special payment’
Aviz I appreciate you pride yourself on being quick on the filter (and that is your right) but I think you may have missed the point of my post?
It's highlighting how the detractors ignore the historical drilling, because despite being some 48,000m worth, it doesnt meet standards that only started coming into being some three decades afterwards. Standards which also dont apply to russia, but they still quote.
Folly, in other words. Hopefully everybody else saw that.
Once again it seems a lot of people polled nvested in EUA don't have the first idea about what they're doing or a clue what they were voting for at the EGM.
The celebrations that a fairly banal, but potentially diluting resolution was passed was bizzare.
TC that historical drill data wasnt done in accordance with JORC and its various reports that make up the current standard, which were issued from 1972 onwards (started 30 odd years later)
So really anything those drills *thought* they found doesnt actually exist. You should know that, it's what the detractors go by...
For G..d's sake please filter Stork. He's green here, but board clogged with reposnses to him/her.
Filter!
so a grovelling public apology it is, you probably have forgotten the bod hold a load of shares...
I will make two predictions: if either are wrong then grovelling public apology it is:
1)There will never be a dividend paid exceeding 2p/share
2)There will be a placing *strictly to raise cash* at some point. I'm not *quite* as sure as I was that it'll be pre AGM (on account of no possible PUSU deadline, so I pre-emptively apologise for being as confident as I was in that. I freely admit the BoD have played an absolute blinder with the dividend gambit.
Pessimist....This was explained weeks ago. The BoD need the ability to raise money if necessary to show the market and to ensure any bidder know they are willing to go it alone if the bidders think they might get EUA cheaply.
You have still forgotten all the drill data that eua have...
Fair point, be interesting to see what this proposal is that the bod have received...
TC: That is a PFS, not a DFS.
Opto: That's a fair point and I fully agree... except that they could have had this EGM at any time and instead urgently arranged it mere weeks before they could/will have passed a similar resolution at the upcoming AGM. The EGM, therefore, only makes sense if they wanted to be able to raise quickly.
And if you are wrong I'd expect a public apology on here, advfn and twitter.....
Time is ticking... tick tock
Hmm must have pressed "post message" too early there.
So EUA are the first PGM miner to be up for sale in this current super cycle for virtually every metal they have. There is no previous benchmark that reflects the environmental are currently in. EUA, if and once assets are sold and value is crystallised, will become the new standard that the market will have to wake up to and yes reflect in other miners.
So essentially, by referencing the other miners you are probably long on, you secretly must wish EUA will go for billions. That way you can ride the inevitible wave on those miners.
Anyway I'm glad you say if/when to a placing. That "if" means a lot - our positivity must be catching!