Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
The area that they're currently going hammer and tong at is Kluchiki. Confirmed by A1EXs satellite imagery -
"Evidence for bonanza grade ore pockets within the latest Kluchiki drilling results."
"Drilling occurred as infill drilling on 6 traverses within the Kluchiki Area which spans a distance of more than 2.5 kilometers in an east west direction"
https://www.lse.co.uk/rns/EUA/eurasia-mining-plc-kluchiki-reserve-drilling-and-mine-season-update--a3scd8cl3sqat9c.html
GLA
Mac, am I right in saying that when results started coming back from wk asset, the recovery rates were much higher than expected??
Jonesrichard. Think positive! That loss is set against the fabulous gains of this share. I actually have more losses but caused by turning my shares into ISAs. I shuddered at the time but like all we long termers, just rejoicing!
All the previous data needed to be confirmed by Anglo and Eurasia rowka, it's where the RNS disclaimers come from. They know what has previously been done there, but they can't confirm it as they have not personally explored it -
"In relation to the additional 25Moz of PGMs (those resources in addition to the 15Moz contained in the Mochetundra Project and its flanks) it should be noted that there is no guarantee that all these additional 25Moz of resources will prove to be economic or that Eurasia will be granted a licence over all of these 25Moz of PGM resources."
That sentence that tells you that they don't know if all the extra 25Moz is economic, also tells you that they know the 15Moz is.
GLA
Investing Queen..your post was very balanced and sensible. Only joking.
A very odd, but seemingly perfect game of chess rowka.
GLA
Well Dunnet, you can legislate for other peoples actions can you, I certainly didn't take advantage of anything or anyone as all I did was invest for 6 years and in the end after all that time came out with a £44,000 loss. Anyway, looking forward now here.
JR....Nobody should invest on the back of reading posts on BB's. Thats a fact.
BUT I DO IT ALL THE TIME. Reading my own posts of course. L!L
Thank you Apple, it's been a pretty miserable last 7 years investing so hopefully holders here will see very nice returns when this T/O is complete!
Ahhh true. Very true. But you know that people do and take advantage of it.
JonesRichard....good luck with getttng your losses back. 82p is very likely possible
Nobody should invest on the back of reading posts on BB's. Thats a fact.
With mining, ground data is where the value comes from. Eurasia have a lot of ground data from exploration back in Anglo JV days, and so any buyer will go through all the ground data very thoroughly, they will more than likely do their own calculations on the data to verify it all, look over rock core samples etc. All part of their due diligence.
Norilsk Nickel helped drill NKT with russias goverment body, that is the flanks that come off west nittis, so norilsk already know exactly what is in that area.
You also have the AP project, no one knows exactly what is or has happened with it, but their equipment is all for getting a more accurate picture of what's in the ground.
How this all pans out, we'll just have to wait and see, but bench marking against the previous deals in the sector should give you a good idea.
GLA
That’s a fact. No hard feelings but you have been recently on avct and ncyt ramping the hell Out of them with silly numbers. And I don’t care if you think it’s realistic.
I didn't satisfy my own needs though as ended up with a £44,000 loss from 6 years of being patient, just hoping I can recoup those losses here much quicker than that, need 82p sp here to get that money back that was effectively taken by nefarious means. Anyway looking forward to whats ahead here.
Franny1968 - yes, why?
Green, I don't think my original post can be described as a ramp at all, I was just asking a genuine question to the more knowledgeable long term holders here, I can't do anything about how my posts will be interpreted by others reading them though can I. All the best to you Sir irrespective if you hold here or not
InvestingQueen...are you sure you are a woman?
I agree jonesrichard, I think it's irrelevant and I'm not concerned by the sp at all. Although it's nice to see it rise (and gives me a huge amount of excitement each time it gets to a new level), I don't think it will impact the bids by a huge amount. What will impact the bids is the assets and the resources we have in the ground and the ease at which they can be mined. They want the resources, and if they want them badly enough they'll pay a premium for them no matter what the sp is.
That is the message I'm getting from reading the more experienced/logical holders here, like Mac and Ian etc, the reason why the sp is irrelevant is that the bidders arnt even looking at the current sp, they are looking at the assets are for sale and what those assets will be worth for many years to come?
So if for example the sp here is in the 30-50p range that isn't necessarily an indication of what the bids will be as they could still come in in the £1/ £2 + range?
Have I interpreted the above correctly, never been involved in a T/O with this type of company with multiple bidders so I accept that I may not be seeing everything correctly. Thanks