We would love to hear your thoughts about our site and services, please take our survey 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.
It has always been the plan green, it has been in RNS since 2015. Well at least it was always the plan for MT at the very least.
GLA
The intention to monetise and profit from their investment into eua was highlighted in that famous Interview, where the CEO said it was time to get a return on the investment that have put into the company, this must have meant sale.
At the time when asked on projected share price moving fwd.
I always remember him saying "theees only the beginning!!!!!!"
That's kept me very hopeful over the past suspension period
GlA
Why now aston, well because they see it as the perfect opportunity to finish their original plan, but instead of just aiming for this. "crystallise substantial value from our Monchetundra interests", they can crystallise significant value for the whole company! -
Christian Schaffalitzky Managing Director of Eurasia Mining said: "We have received a significant amount of interest in the Monchetundra asset from third parties and detailed discussions are continuing.
Should the Company crystallise substantial value from our Monchetundra interests it would be a highly significant achievement, however whilst discussions continue it is important to progress the asset on the ground. By securing a Discovery Certificate for the licence and by pursuing various exploration and development steps, we believe we can add significant value to our interests and increase the degree of commercial interest, for any parties wishing to engage with the project.
We will provide regular updates on our work and any corporate matters related to our projects. We also look forward to releasing further information in respect of West Kytlim, Monchetundra and in respect of additional opportunities, in the near future."
https://www.lse.co.uk/rns/EUA/monchetundra-operations-restarted-vb2ceddp6ckwuq5.html
GLA
Plus we have Wk and the rest!!!
That's where the ACF report is handy, because it allows a way to value the 4Moz in a fashion.
You can pretty much guarantee that the BOD of eurasia will have all the paperwork ready to apply for that 4Moz as soon as the 15Moz final sign off comes, WK tipil application is a very good indicator of that imho.
GLA
Why pick now to sell the assets/company ?....a whole raft of reasons, I would imagine, the main one ?...the MT flanks licence is already in the bag !..imo
What we would be talking about with MT would be the extra 4Moz due to the exclusivity rights. We can forget about the 25Moz in terms of any value in this current 'for sale' situation. Or if it does add any value, it will be extremely minimal imho.
So for sale at MT, it's 15Moz with exclusivity rights to a potential extra 4Moz. Now that in itself is a huge resource and should attract a huge bid -
"The total amount controlled by Eurasia and under flanks exclusivity right application is c.15Moz of PGM as per the State Cadastre with an additional c. 4Moz also within the 5km exclusivity area."
It's that 19Moz where i see all the value for MT in the present 'for sale' situation.
GLA
What, if any, factor do people think russian rights to surrounding areas will play in all of this?.
I'm currently thinking that there will be some value attached if the buyer gets all the rights that eurasia currently have, it wouldn't be anything significant, but to a russian buyer who knows all of the laws about the rights to further surrounding areas, then it could be a very favourable scale tipping point for russian company to bid pretty huge imho.
WK for example, we have already seen how fast the area can be expanded via those rights, up to 117 km2 in a pretty quick time, but that is just the start of WK, the historical license that was explored with anglo was much larger, and i believe at least most of that old area can be easily applied for using the surrounding area rights -
"The 251 square-kilometer license area lies within the Kytlim Platinum District"
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/xe29pzx
GLA