Member Info for Billions

Tigra... good examples of corruption, lies and fabrication.

I would also add aim companies and their promises..... very few live up to expectations.

Clueless, failing miserably and stinking of desperation.

Must try harder.

Mapping from russian to JORC is a fairly standardized and established process. The problem with this is that c2 and below would only be mapped to inferred if lucky.

Additional drilling is really required to prove up above inferred, if this is the approach I would be surprised if it is done before Q4.

"NYUD JORC and shift to 100% ownership"

I believe 75% still needs to be paid for. 100% a long way off.

Proposal is not an offer. This does not imply anything imminent it is part of the bods strange tactics.

FSP resulted in pretty much communication blackout. Coming out of the FSP they changed it to an asset sale.... this means no PUSU from the takeover panel ie this can now be strung out even longer. The extra secrecy must be a russian thing.

Yea carlito... as soon as you can confirm you actually hold what you say you do....

While you're at it, also tell us where you work/live, dob and the names of your pets.

Tesla link is extremely tenuous and very unlikely. Apart from the fact the pgms are immaterial in electric cars, musk is against hydrogen and the copper/nickel they needs is negligible at wk and at best is in undefined category and will take many years to prove up and mine from MT and or JVs.

Yes. Please explain what use tesla have for pgms or whatever wk can mine....

Spot on jester... wk is the litmus test.... so far there is probably more dust behind mac's sofa then the metal they have mined. Plenty of promise but failed to deliver.

This delay feels like the bod are buying time constantly in the hope of finding a buyer when they have already failed with the FSP which is essentially an auction after approaching all potential buyers.

Another great description for the aforementioned poster.

Must have hit a nerve.....

The thread removed in record time..... very sad.

Hahaha.

All we see here is counting of chickens before the have hatched. ;-).

Yes after the FSP ended, it would have been nice to fill in a few blanks regarding DFS, resource upgrades, additional work and details of bids. All blamed on NDAs and now rule 15. This part of the BOD approach I personally don't like.

James, yes you are correct because this is an asset sale there will be local tax to pay. Buy I'm sure there will be allowances to offset. Sp could go to sale offer less max 20%.

Not sure where the terminal dividend notion comes from. I doubt eua will cease. They have 12 months to rto... unlikely. Or implement an investment policy.... this investment policy will be the JVs with a shareholder vote. Because at present no earnout consideration has been paid for the JV.

The dividend is secondary and doesn't really matter. Not sure why there is a fixation with this. Aim rule 15 is also misunderstood by many here.... eg selling wk alone will meet the revenue class test.

The only rns that matters is the binding sale. The sp will rerate to this amount. The dividend will not be more than this and after the rerate an investor can sell out or wait for the dividend. If held outside an isa there may be tax considerations otherwise it does not matter. Unless someone else can explain why it is so important?

Yes Baimskya is one of biggest undeveloped copper projects globally with a JORC. The gold is a bonus. Backed by the state who will build the infrastructure with a 600m. Very comparable to MT.

Agree with your conclusion a price of $ 2-3bn fits. The key is the JORC for the bigger money.

Kaz is derisked. Making over 1bn profit per year. Some of KAZs development projects are probably more comparable to eua.

Indeed he must be one of the worst bullies on here. Name and shame the runt.

The ones that stay quite and like his post are even worse.

The sanity of some on here questionable.... blackrock are evil... sure... but without BR buying in the sp would never have got to 40p.. fact.

On the flip side, if BR were to dump, the SP will crash... I'm sure many would have a nervous breakdown and would be begging for them to come back and willing to offer their soul in return.

Can't have it both ways.

The conspiracy theories about BlackRock are just getting silly now. For all the talk of facts, not sure why this fabrication is being peddled.

For context BR have $9,000,000,000,000 ( 9 trillion) aum. The entire mcap of eua is a rounding error. I doubt they give a FF about any single stock especially in tracker funds.