Member Info for Alta_Traako

The two reasons that I have experienced in the past is that the NOMAD could decide it is best to do that so that nobody could accuse them of having a leak. There have also been instances where people claim there has been a leak so that companies have been forced to release a speeding ticket. I'd imagine there are a whole host of other possible reasons too but doubt we will ever find out what prompted it.

To be fair though, we have risen like 7000% so far so not too big of an issue and the BOD used it as a chance to direct people to the reason for the rise (the sale). Rubbish that the SP has dropped this much but at the same time we are still above 30p! Same pattern over and over with a massive rise then a pull back for a week or two, then another rise. I imagine it will continue that way until news.

Best of luck. Have a good weekend all.

Alta

"The in-situ value of the metal is estimated at over US$2bn."

There is absolutely no way they would post that on their official website if that was not completely true. Keep in mind that this does not even consider the update resources.

Good reaction to the price drop to the last RNS. EUA like "oh btw we are worth billions and we're not even done yet."

SOON TEAM!

https://www.eurasiamining.co.uk/latest-news/293-eurasia-mining-rockets-higher-as-company-hoists-for-sale-sign-2020-10-15-075000

Gotitwrongagain,

All you need to get a realistic valuation.

RNSs:
https://www.eurasiamining.co.uk/investors/news-announcements

Presentation:
https://www.eurasiamining.co.uk/investors/presentations

Benchmark with Kevista, North American Palladium, Stillwater. Control for metal price and grade. Quick and easy for a rough guide. 20p is nowhere in sight.

Calculator:
https://www.online-calculator.com/

RMR,

Yes agree. Normally the speeding ticket RNSs state something like "the company is not aware of any reason for the rise".

In our case the BOD know fine well why it is rising and are telling everyone where to find it "Company's announcement of interim results on 30 September 2020".

This was clearly recommended by the NOMAD so that nobody could claim there were any leaks. Tighter than a ducks.....

Hi,

He deleted them to avoid confusion since it was old information re the Artic project.

Hope that helps.

Tonight by 10:30 pm.

Mug,

Plenty of guesses on here. Plenty of informed ones too.

Benchmarking with Kevista, SW, NAP was done last year when the bank engagement was mentioned. When you also run trajectories on the data we had back then the range using the then 15Moz – 19Moz gave a range between 80-120p (trajectories using 15Moz and benchmarking Kevista being on the lower end of the scale, trajectories using 19Moz and SW were on the higher end of the scale). Some people used EBITDA and which at that point was about 78p ??. (todays Pd price would mean around £1). NPV also ranges from £1.25- £1.50 depending on numbers and discount used (using the cashflow from the ACF report).

The issue with all of the above method now is that we have more resources, metal prices increased the 1000koz plan, and feasibility studies complete and ongoing. This throws all of the above out the window as the ranges will be sitting quite a bit higher now. I’d say with a combination of all of the above methods from shareholders, researchers, data analysts we have generated a lot of good informed guesses.

Laughing at the recent shorter at 19p lol. Singed sack for sure.

If I remember right from way back last year, all in Sibanye spent $2.7billion on StillWater ($2.2 billion to shareholders but there were fees and debts that Sibanye paid). Still Sibanye were willing to spend that $2.7 billion (£2 billion) to get their mitts on approx 20Moz when Pd was around $650/oz. Their extraction cost were around double ours because it was underground if I remember right.

So £2 billion won't happen IMO. That would be on par with what Sibanye paid for SW when pd was $650/oz with higher costs. Can't see it going for less than £3 billion with the past few updates. Just accounting for the Pd difference between EUA and is around £3.8 billion minus fees and the estimated cost of developing 1000koz plan = approx £3 billion = approx £1.10. If negotiations are adding the extra resources on then the price can only increase. Very rough math off the top of my head but who cares at this point because either way we are all going to win big but illustrates the point that £2billion is very unlikely. IMO IMO IMO IMO.

David on Twitter has a cracking in depth table comparing NAP, SW, Kevista etc to us. Worth a look but all points to the exact same outcome. Lots of money for us and all more than £2billion.

Anyway, early weekend for me so signing off with todays good result.

GLA,
Alta.

Investingqueen,

I had a snoop around the webpage for you. That web page is just showing their ranking in each category. The mid market deals is just one of the 50 categories mentioned on that page. There are also categories (e.g. $250m +) so it looks like they are advertising how good they are in each of the categories for potential future clients who might fall into each categories so that they can see what DLA Piper can offer them. Nothing to worry about at all.

Also UBS would be handling the sale while DLA PIPER handle the legal side as stated in the RNS:

"our Company is now in an offer period and has appointed several professional advisers including UBS on investment banking side and recently DLA Piper on the legal side"

Hope that helps calm the nerves!
Alta

Dark,

Thankfully I sold most of mine when it spiked to 80p on nothing so didn't make a loss but it has made me very cautious with "deals" lol. Delighted for you recouping from SOU though! I think EUA has been a refuge for a lot of sounders and we could probably start a SOU Anonymous Recovery group with the amount of us here.

Hopefully Jez and Simon are enjoying a nice spam fritter just now.

Good luck to the ex SOU team and everyone else!
Alta

Investor12,

Me too!!! Jez called it at 1p. Not seen him for a long time. I tried to find him to say thanks! Glad you also escaped SOU too. Hopefully with a tasty profit.

Good luck!
Alta

Screen shot reply from Keith at EUA from Telegram "Dear X, we will update regarding interims quite soon".

At least we know they're coming.

Alta

Rowka,

Yep I agree. There is quite a lot of outside negativity but that's usually a good sign that the share is doing well. All here for the big win.

Onwards and upwards.

TomTwit,

You have access to the second EUA Telegram group and not the original. The main group full of LTHs was locked months and months ago as it is and excellent group of nice people who share tons of research. Since we know that larger groups usually turn to chaos (as seen here when the derampers come out to play) we voted to keep the group locked and open a second one. This second group that you have access to largely contains people from here/ new investors so if you have an issue you should be directing it to them and not GMF who literally opened that group to share all the research that was done in the one place to make it easy for people to access. The original group that you do not have access to have been measuring our body fat percentages and posting results Pre and Post eating curry for the past week because we are just chilling waiting for a massive sale.

In the Telegram group that you do have access to, Rowka has been mentioned a handful of times (out of 10s of thousands of messages) and it is normally something like “Rowka posted this research paper on LSE”. The paper is discussed and debated on how relevant it is to the final sale price (for example the Rh from some studies is in the wider area and not necessarily in our licence but there may also be some in our licence). Everyone gets encouraged to read the research and draw their own conclusions. Some people have had digs at Rowka because believe it or not some people don’t like each other. This is usually met with “let keep this to EUA” to which they reply “sorry, you’re right”. If your life has been ruined by something in the group then flag it up so it can be addressed otherwise people don't know what's up. Your first response of racing to glue tongue to bum on LSE is very poor form and reminds me of Randall Weems from Recess.

Anyway, more important than who likes who:

Target resources of 15.5 Moz = good
+ 7Moz = goood
Plan for 1000Koz pa = gooood
Keith's email re MT "we intend to update on developments as these are fully verified and proven by the Company in due course". = goooood
Keith's email re interim results “we will update regarding interim results quite soon” = gooooood
Still have multiple interested parties = goooooood
Rowkas paper of other resources giving a buyer less scope to negotiate down = gooooooood.
Sub 20p top ups = goooooooood.
Me still buzzed from learning new valuation methods from Brookkers on here = gooooooooood (Joey voice from friends).

GLA,
Alta

Aandi,

Agree that there is plenty of news that should have a positive effect on SP.

I think a more detailed RNS will be on its way to explain the specifics of the MT resources. Cant imagine they would post the presentation withoug planning on more detail in an official RNS. Specifically interested to see news regarding the following quote from the RNS dated 18/08/2020:

"A further area to the north and east of West Nittis known as NKT is a standout part of the Flanks. Between 1996 and 2001 an extensive drilling programme was carried out creating a valuable catalogue of drilling data now available to Eurasia. Our predecessors also developed targets in the NKT area, and areas to the east of the Loipishnune deposit, and these work programmes in 2015-2017 resulted in pre-feasibility studies lodged with the State Cadastre of Mines in Russia."

Definitely waiting on the WK update as per the shareholder Q&A that SB4132 posted below.

Definitive Feasibility Study at WK.

I'm very bored waiting but the news stream that we have coming will be worth it. Even more exciting that there is no ambiguity or 'what if's' about it. They have literally quoted feasibility studies on both projects, mentioned news is coming, and said they are concentrating on sales.

Hold tight team!

Alta

Comparing O&G companies to EUA isn't really useful. O&G exploration looking for potential resources compared to our approved resources (russian cadastre, RNSs etc.). SOU was a ramp fest based on hot air but I think most knew that and sold out between the 80-90p range before the 7 month drop to 2p lol. HUR I think most would have sold out too. Difference here is that BOD have been explicit in their intention to sell. So explicit in fact that FSP is well underway. This did not happen on SOU and HUR. I remember the SOU deal was so poor because the drills failed to find the hyped gas. EUA actually have the metal and as per the latest presentation have actually increased the resources in the licence area. That is a world apart from O&G exploration. Having actual resources rather than hoping that we find potential resources is why I am here.

Each to their own. DYOR.

GLA

DORE,

NDA would be in place from months ago so that interested parties could access the data. My understanding of the most RNS is that DS and JN have been moved to more appropriate roles for the current situation (e.g. things have progressed nicely and now the next steps are being implemented). Think the RNS was very telling and that we are nearing completion. Timeline seems to marry up nicely to the 120-125 days median length of FSP that another shareholder posted using other completed FSP's.

Good luck everyone :)

Hi Mac,

Thanks for your posts as always, good to see everything put in order in the one post.

When I look at "M&A work streams" it seems to be that they are put in place close to the end of a merger or acquisition. I also see there is a lot of focus on integration within work streams. To me that would suggest that we are almost there and that things are being put in place to ensure everything goes as smooth as possible (e.g. integration). Could also be that JN was appointed to help facilitate this?

The way the last RNS was written was very encouraging IMO.

Cheers,
Alta

Page 19 of the presentation.

Total target resource in licence area: 22.6Moz increased the extra 4MOz to 7 Moz.

Total target resource: 40.3Moz.

Fantastic!