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Could well be both, and then move onto something else. They have moved to a bigger office near WK/Urals, so to me that suggests that the show ill go on in some form or another, perhaps going back to assets like this? -
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/x553y0x
GLA
The right assets in the near vicinity to alraedy in place company facilities, would be a good place to start looking for expansion options.
They didn't really have to look very far did they lol
On time and if they can save on budget, then they look all the better to their immediate hierarchy!
MT is the perfect asset for their expansion plans.
GLA
If 3 billion shares 50p would cost purchaser 1.5 bill not bad for 27 bill in the ground on palladium alone. I wonder how much rhodium there is consider it went up nearly what it costs to extract 250 dollars on friday alone giving us 5200 dollars per ounce clear... gla
That is correct jayke. Low cost and very easy to extract, it's what also makes MT so attractive to a would be buyer with experience in the industry.
GLA
"mocheduntra with flanks has an estimated worth of $27bn to us"
Norlisk Nickel has a market cap of $43.9bn just for comparison.
https://www.bloomberg.com/quote/NILSY:US
Some loons and pathetic derampers on here. Must be paid to work Sunday’s.
Even without an asset sale we’re just fine:
- No need for cash
- no need for dilution
- one mine where we receive 100% revenue and plan on expanding it
- cash from warrants and WK due
- applications for flanks and further exploration licenses
- we are right beside the worlds biggest Deposit
- last palladium mine in play
- open pit, low market costs
- WK 2nd largest, planning to be largest producer
- mocheduntra with flanks has an estimated worth of $27bn to us, and it will be easy to extract and mine
- future dividend for shareholders will be phenomenal income
- increasing revenues from WK will help MC.
- Company aim to upgrade WK mines existing reserves to C1 category through an ‘single aggressive drilling programme’
- bottomof global cost curve so “the last one to die” should something unexpected happen to prices
- EUA have production licensing to 2038
- DFS showed grades that were consistently higher, 3-4x than estimated
- last year we planned on 100kg target at west Kytlim - we over achieved with 165kg
- more profitable than South Africa
- Palladium Prices High
- Rhodium prices high
- platinum looking bullish
Eurasia are in a fantastic position at the moment and the BoD must be extremely pleased with themselves.
Just some of the fundamentals. In case two of the biggest banks in China and Russia are “struggling to find a buyer”.
Cheers Jaykeeboy, Make sense. Based on the NN position, it does feel like they are going to be the buyers IMHO
Would be nice to get a RNS re: an offer they rejected to give us an idea of the type of numbers we’re looking at! That would certainly send the SP north. Do you think they would RNS this? Or just wait until something they’re considering?
When there are negotiations in progress that is exactly what does happen. Not strange at all.
Things take time.Doesnt make it less likely to happen. I'd hope decent due diligence was being conducted and negotiations weren't being rushed.
Where is it written that 2 banks can’t find a buyer.
Lamtree, you seem to be annoyed they haven't phoned you to tell you personally of progress. Strange that they haven't done that.
And you know this because... of course you don’t. I work in corporate governance for an international manufacturing business. Last year we took over three smaller businesses as part of our expansion. Average time approximately 7 months. I am in the process now with a payroll firm and three months down the line we are still sifting through their client documentation. Anything else you want to come back with. I could go all day.
Lamtree. I am selling my house. I pick the two best estate agents in the city. I now have two estate agents attracting clients to sell my house. But there are 18 estate agents in my local area. They are not all trying to sell my house. Why. Because I contracted the best two in the business as I perceive them to have the best track record and expertise for the job.... moving on....
Yes jester!
& very excited to hear about their West Kytlim outline for 2020!
Now 100% of the profits are ours, should be a very good year. Including the expected payment from our basket due soon!!
Everyone knows the pitfalls of investing we dont need telling gla. Your either in or out...
Expect the de rampers to start coming back today and tomora morning before the market opens. I wonder why? Hold on tight in the he absence of an RNS, there will invariably be an attempt at a tree shake...... buy, buy buy ..... AMHO. as always DYOR
If you really thought this was risky then would you be here? Open mining gear upto 140k ounces next year gla. 383 ounces per day at palladium prices after costs are taken out that's 500k a day giving 182mill.
I just hope people remember to only invest that which they can afford to lose. I'm not being negative. I'm extremely optimistic about this all and hope to make a reasonable sum. But all investment is a gamble, just hoping people don't put in everything they have etc.
My strategy is still:
Buy. Hold. Win.
Iamtree- scrolling through your posts it’s ironic you’re giving others advice on manners. Anyway, please read below. I didn’t include the numerous non EUA related tweets and the rude ones you posted.
You came here 2.5 weeks ago- said you’d been following for a few days, came to “congratulate” holders. Funny.
31/10
“Fundamentals are rarely key,MMs are always key.”
31st October:
“yet a bit horrified to see at 300% odd up and people were/are holding.
None of my business wether people hold or not,but just pointing out that fundamentals are not key at this stage of the game and rarely key at any stage of the game.
When you look at the likes of thomas cook,carillion,etc etc just what could the fundamentals tell you?not a lot as usual.
All that matters is the share price,which is not exactly 'stuff',but just a figure to what you personally think its worth.”
“The only facts you should be looking at is the share price movements.”
3rd nov:
“LB28,does like to boast about his research skills.”
7th Nov:
“This is just a gamble to me and any where near 8p is good enough for me.”
11th Nov:
“The RNS only proved to me smoke and mirrors,I'm highly dubious about this share”
12th nov (re: alexei’s tweet)
“Doesnt writing on the wall mean doom and gloom?”
“Think I will see if theres another little surge and call time on this one,being Russian its just too dodge.”
“I've played,made money,whats your point cam ?”
“The share price is the reality.” - “Fundamentals,laughing laughing,enters Mr Woodford and Co.,,,,”
“youve missed the pump,beware of the dump,tread carefully deos.” (SP was 2.90)
13th Nov:
“I think all pretty much over now,it'll start to get dumped now for the foreseeable future.” (SP was 2.75)
17th Nov:
“50p,that would be nice but my exit point is 3.5 as I'm not greedy”
I hate going through posts like that but in this case I felt I had to since you wanted to know where you said it. Hopefully this goes the 3.5p quickly so you may return from whence you came.
I would suggest you work on your own outlook too Lamtree. Just clicked on your username, posting since the wee hours and first thing this morning. Relax, spend some time with your family and rejoice in the fact that you are privilaged to be pontificating on these boards. Enjoy your day.
Why should the share price be any higher at the mo, Big money is buying in and wants a low buy-in price, massive buys are going on in the background, you have all experienced the shortage of stock when the price drops, but you can sell all your holding......money is being transferred from the week to the strong, this is already up massively from a month ago. the fundamentals are there to be seen in the RNS's and the excellent company research by Mac and LB, start to join the dots people, all the clues are there, re-rate will happen, just not yet when Big money has not yet finished buying in, they are still taking up their positions before the re-rate and the MM's let it go.
Iamtree- been watching your posts ever since you arrived in the EUA board. Funnily every single one is negative?
You’ve bashed LB28 for saying they “like to boast” about research or something, you’ve said fundamentals are not key here (when are fundamentals not key?)
Actually; you think fundamentals are not key but MM’s are key. Are you a MM? I’m not sure who would say Fundamentals are not key at this stage of the Game and rarely at any stage of the Game. Why did you invest? You thjnk this is going to 8p and it’s just a gamble; so why so much negativity ?
You’re horrified that people are holding because they are 300% up. Not everybody is a trader and some of us genuinely believe THE fundamentals, which is essentially what will make the company successful. If you think all the palladium proven is worth 8p a share that’s fair enough, but it’s a bit disingenuous to post consistently every few days bashing the stock and the holders too
Yea ver odd that we have instructed 2 major banks to get us a deal, not any small deal, look at the banks involved, look at how much NN have raised for future acquisitions, look at who is working for us, previously employed by NN. Yea this is a con! Really how much risk is there? I’ll love to be able to top up at these prices come tomora morning ....