Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Carlito22 stix40
If this is indeed a full sale then it has now moved up from massive/substantial dividend to mahoosive
ATB
Sandy
Billions
Talking of facts , can you back up your claim of being involved in billion dollar M&Ad's?
Shall I hold my breath now until you enlighten us all with your valued & most anticipated wisdom.
ATB
Sandy
Just looked in and look who's here!
Sad old Billions, not invested BUT HERE on a Sunday!
Do they pay you extra for Sundays????
See you all tomorrow, B
1% is more like the value for inferred jorc category. Which makes the price 28p.
Majority of the jorc classification will be inferred here if lucky. Unless you can back up you opinion with facts.
Never really read ADVFN, but just checked it out now as wondered where all the people with small brains went to (TDT, MadDork, Pratt etc) and they left here because they got Jubbed.
If you pop over there, there's a chap called Love a good Jubbing who is destroying them over there now too lol! They will soon have no where else to go.
MadDork - Defeated
TrickDicky - Sold at 4p and still cries to this day. Defeated.
Pratt - Defeated, but the worst of them all, actually have zero clue what he's saying
Anyone else not mentioned are not worth mentioning.
Have a good weekend all, the mother of all Jubbings is around the corner.
If 60moz was baked in i would imagine the SP would be slightly higher. If by jorc standard 60moz @ 10% insitu value @ £2000 oz = 12 billion @ 75 %
Sp approx £ 2.80
Fag packet but who the hell knows what we have
afternoon shipmates.
Looks like they have discovered more than the Rosgeo figure of 104 moz and gone for the 100% no wonder the investors wanted to contribute more !
Soon be drinking rum out of platinum tankards with crystal glass bottoms .
Rums all round.
Exactly 100% is being acquired hence completion of JORC.
Just need to read the previous RNS’s !
EUA call the shots on the JV.
The JORC relating to the Rosgeo JV will be released "Shortly" . Looks like Eurasia are going to take the 100% option and package it up for the big sale.
GLA Sharegar.
Mar 26 2021 RNS
"The Rosgeo Agreement provides that Eurasia acquires 75% equity stakes in each of the Additional Assets and Rosgeo will retain 25% equity stakes in the Additional Assets (being those companies holding relevant licenses for palladium, platinum, copper, nickel and cobalt projects outlined above). Eurasia also has a call option to acquire 25% from Rosgeo after completion of the reserves audit under the JORC Code. Any engagement with Rosgeo as a contractor in relation to the Additional Assets will be on an arm's length basis."
my understanding from previous rns suggest that the choice is up to EUA to buy the 25% extra, its not up to Rosgeo if they want to sell it or not, its in the JV agreement
Just to add another bit :-)
From the 26 march RNS:-
"The Rosgeo Agreement provides that Eurasia acquires 75% equity stakes in each of the Additional Assets and Rosgeo will retain 25% equity stakes in the Additional Assets (being those companies holding relevant licenses for palladium, platinum, copper, nickel and cobalt projects outlined above). Eurasia also has a call option to acquire 25% from Rosgeo after completion of the reserves audit under the JORC Code. Any engagement with Rosgeo as a contractor in relation to the Additional Assets will be on an arm's length basis."
Please read this part again!
" Eurasia also has a call option to acquire 25% from Rosgeo after completion of the reserves audit under the JORC Code"
:-)
Per billion you are probably correct, I have not bothered to do the maths
Main issue is if this dilution helpos to develop a few more billion????
The end return is not just the dividend per billion but what is the future value of assets retained
Rosgeo will not likely sell out. They have the resources which some are worth billions and nobody in their right mind gives that away for nothing
Rosgeo likely see that EUA has a better chance to develop these assets and raise institutional financing to get there. The 25% is their golden egg which they will realise some years in the future
Isomer
It was 36p per Billion until the recent raise, I believe that now equates to 34.56p
Happy to be corrected.
Hope this helps.
ATB
Sandy
Hi Ian,
My understanding is that the fact that something is added in brackets means it's an aside to what the main sentence is saying and you can read the sentence by ignoring what is in the brackets which makes it clearer.
"Successful signing of Rosgeo JV in which Eurasia will gain 75% equity stake in 9 PGM and battery metal assets with a total of 104.6 Moz of Pt eq."
If it was written as follows with the brackets continuing further then it would be as you suggest.
"Successful signing of Rosgeo JV in which Eurasia will gain 75% equity stake in 9 PGM and battery metal assets (four of which are post Russian feasibility study with state approved reserves with a total of 104.6Moz of Pt eq)."
However the bit within the brackets which relates to 4 of the areas doesn't extend to cover the 104.6Moz part. It is there to say 4 of the 9 areas are at a more advanced stage than the other 5 areas.
The 104.6Moz will be mainly inferred resources so a long way from anyone being able to say that much actually exists or, if it did, that it would be economical to mine.
Don't even see the placing as a dilution.
Yes my total minimal % shareholding is now lower but money did not go out the window to meet dents that could not be paid or piles of remuneration for board. This is to be used to acquire a venture that has more resource than originally thought. This is only positive
And if I want to bring my % holding up to where it was, can just top up at a price lower than ii paid for (26p)
@Ian….. “ This money EUA now has at its disposal for the Joint Venture COULD be used to buy out Rosgeos 25%, to enable EUA to have 100%, of the new NINE more mines in the J/V.”
Not in my opinion the 25% is where Rosgeo will make their money and we won’t be getting it all now.
Ian; many thanks. I much prefer your interpretation to mine lol EUA just keeps getting better, really looking forward to getting more news from the BOD “shortly”.
1sttime
I know how you feel i was out for a meal last night I only had a few beers but not great this morning,
I will have more than a few later today watching the football, back to work tomorrow so can handle that with a hangover:-)
Definitely, we will drink it dry!!!!!
Portsmouth 1
If it does i suggest meeting in kos town and hire on of the Pirate Ships for mega booze cruise
1sttimelucky
The post was Ian not Tilly but agree it brings all the points up
We are in Tigaki, staying round the pool today, we all have mega hangovers at the moment, I'm of the booze today as picking a up hire car tomorrow morning....
Hope the big one lands tomorrow morning so you can extend your stay!!
Gla...
I’ve spend a few sundays here getting excited. Hope this next week is the start of the real EUA. The one we mostly of of us then believe is worth £1-3 per share.
Fingers crossed. I’ll be packing boxes for the house move.
Portsmouth 1
Where abouts are you in kos , presently sat soaking up the sun in kardamena and shall take a moderate drink this evening in the aptly named Galleon