Firering Strategic Minerals: From explorer to producer. Watch the video here.
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1st time.do u bully people with the sheer volume of your posts?
Be fair, spambot may have a few thousand posts this month, but they will only be his usual four or five cut and paste jobs posted a few hundred times each!
Er, EUA very clearly own )% of the JV. They have the *option* to buy in to 75% of each license, for which they paid $500k. The totality of the value of the JV to any buyer of EUA is therefore $500k. EUA do not own anything else.
That should be "very clearly own *0%* of the JV"
Access to rosgeo outside of the jv may come at a premium tms seems to have overlooked this
TMS,
Wonder why Rosgeo offered Eurasia the opportunity to purchase 75%, when NN on the doorstep?
In March 2021 the Group entered into a cooperation (joint venture) agreement with Rosgeo regarding
exploration assets in the proximity of Monchegorsk on Kola Peninsula. The Group will acquire an initial 75%
stake in each asset, which will be assigned to separate joint ventures.
The Group's outstanding commitments under the agreement are Rub37.2 mln (approximately £3.7mln) payable
in stages conditional to licensing and permitting
GLA
As further announced on 15 June 2021, Monchegorskoe LLC was created to hold the licence for the Nyud open pit PGM and battery metals deposit ("Nyud"). Eurasia's 100% subsidiary Yuksporskaya Mining Company / Yuksporskaya Gornaya Kompaniya ("YGK") has signed a notarised agreement with Rosgeo group company pursuant to which YGK will become a 75% shareholder in Monchegorskoe LLC after the licence for Nyud is transferred from Rosgeo to Monchegorskoe LLC. Pursuant to the terms of this agreement Eurasia, through YGK, will also have a right to acquire Rosego's 25% shareholding in Monchegorskoe LLC upon the completion of a JORC Code compliant competent persons report ("CPR") on Nyud.
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/wkljkvx
GLA - IMO it is what we are waiting for before Jorc and potential asset sale news
TMS,
Then why bother offering the opportunity at all?, or are they part of the charade as well. This is all beginning to sound a little frantic in my mind, and I have asked you before, why do you bother when NOT INVESTED, and please do not reply "that you find it fascinating ", as that doesn't cut the mustard
Don't worry he is just one red dot away from sleeping in a doorway, these shorts will get taught a very painful lesson.
I’m of the opinion that if there is anything of value in the region it will likely end up with NN eventually.
Certainly cannot see any new overseas competitors on the door step.
I’m less bearish than TMS... I think there is an asset sale, possibly Monchetundra ... WK is worth very little....
Maybe a few quid and a divvy to shareholders... at a lot less than today’s sp.
A new company formed thereafter ..,
If there was any mega value why not trigger Sinosteel 5 years back...
What is clear is that for two years this is very very unclear for your average PI
TMS 03/12/22 post ADVFN.
Your saying in your post below the ACF report is a lie and misleading pi's and the market, which by association imply's this has to be your opinion of the company and it's partners? True or false?
' Please do. I would *love* to see the ACF spiv try to justify his 2023 timeline for production and revenue from the MT flanks, where there is not even a JORC resource, let alone a DFS or the small matter of finance in place. Or indeed the even smaller matter building a huge mine on a DFS-less, P2 resource in the space of 12 months kicking off in the heart of Russian winter. I know it was legally an advert and not investment advice, but it still boggles the mind how these *obvious* lies were allowed to be put out and fed to PIs as a 'research note' from an 'expert'.'
Afternoon All
Back on Deck ,
Been in hospital after an accident & received 30% burns to my legs ,
Whilst been treated I , Then heard the Doctor say , "Give him two Viagra.
" Nurse asked "Do you think that will help him ? “
Dr replied "No but it will keep the sheets off his legs!" Haha
Just a slice of camaraderie as reading this mornings posts , the Decks are absolutely infested with the full squad of negative Bots ,
Stock has only traded 6 million
There is no sell off , pure toxic trading & stock chasing from financial groups & usual suspects exactly the same posters & same hornswaggle as August drop & all evaporated when the stock sailed north .
Sine then DUE DILIGENCE completed by the buyer & JORC expected .
USA ii in twice @ 26.5 - last time the stock slipped an RNS was released to nudge north .
Just saying .
Rums , Deals , Divis all Round
The net proceeds of the Private Placement are intended to be used primarily to finance the joint venture with Rosgeo ("Rosgeo JV"), as announced via RNS dated 26 March 2021, including Nyud, Moroshkovoe and other major Rosgeo JV platinum group metals ("PGM") and battery metals open pit deposits.
Christian Schaffalitzky, Executive Chairman commented: "The Directors are delighted that professional institutional investors offered to support Eurasia's fundamentals and its strategic options, as we continue to develop the Company including the upcoming acquisitions of Nyud, Moroshkovoe and other significant Rosgeo JV PGM and battery metals open pit deposits. Furthermore, while our board and management continue to be significant shareholders, the Directors are confident that the Private Placement will further strengthen Eurasia's negotiating position."
James Nieuwenhuys, CEO and Managing Director commented: "We have decided to advance the Rosgeo JV, as its projects' potential has become more evident during the course of the confirmatory work being done by Wardell Armstrong International in relation to both PGM and battery metals (nickel, copper and cobalt) that are future facing metals in relation to the fast-growing hydrogen and EV markets respectively."
GLA
Just like the viagra eye drops, do nothing for your sex life but they make you look hard ;-)
ATB Pete
I have taken issue with TMS in the past but in relation to the ACF revenue figures for 2023 he is making the same point I have made a few times now.
Just short of £2b (not $2b) of revenue for 2023 is more than 1moz of PGM's needing to be produced that year.
The Sinosteel deal for MT is for a plant capacity of 125koz of PGM's and has not been triggered yet so the chances of having a fully operational mine producing 8 times it's maximum capacity ready for the start of the 2023 season is impossible.
They also value each oz of PGM's EUA potentially has as if they were proven reserves when the vast majority are low value inferred resources.
Are the reserves not renowned as being uber conservative valuations anyway ?? Or did i miss read something ??
Not a response to 1sttime fyi because we all know he is a " HOLDER" COZ HE SAYS " IM A HOLDER" Thats all just a holder move along now make room for the holder :)
Yes fabricated report paid by EUA lol ....I’m sure FCA wouldn’t want to know something like this ...laughable
stork 1sttime giant steps.....Horrendous would have chipped in but he is in the corner with the big pointy D cap on lol who we missing to form a quorum of shorters ?? Gotta be someone missing from my list coz i keep seeing 6/7 tick ups :) maybe just blank unused tick up alt accounts ??? yeah thats probably it :)
Don't post here anymore, no need as bar the odd RNS to mull over it literally is the same conversations going on day after day after day. Think I read daily from August 20 to around May of this year and every time I do bob my head in I find it quite comical seeing 300 posts about a .75pence movement on the day.
Interestingly today though there's a couple of poster serving up negatives and there's a distinct lack of credible responses.
Tell you what nobody will want to hear the word kipper or rum if this keeps bleeding.
Still invested just don't give a monkeys about reading drivel 365 days a year.
Im guessing squid lips or horse.mouth just chipped in ? i dont have that many green boxes :)
you still confident here tilly
1sttime noiw you know as well as i that waste products tend to clump not lump !! tsk tsk I dont wish to be picky but i clumped you in with them for a very good reason :) Guess away at my average if it pleases you but i tend to be vague because its no one business really so if you want to quote my own vague avaerage from months before considerable trading crack on clumpy :)
I put viagra drops in my eyes….. Makes me look hard!
“My vague average”
Hahahahaha