Member Info for Billions

Mining metals all well and good but let's hope they can turn a profit for a change.

It's great being optimistic and rampy all the time... the flip side is that if the sale fails to complete or does not meet expectations, the promise of jam will be kicked 3-5 years down the road. Can only imagine what will happen to the sp in that situation. This is the risk the current sp is pricing in.

10-20% of the current share price would be significant. Everything on this BB is speculation and conjecture without any basis for fact or logic.

What some investors should be more inquisitive about is who is selling big on a daily basis which has led to the sp declines

Proves the point of cr appy communication and vagueness. Something for everyone, the optimists can speculate on what the proposal in writing is. On the flip side, realists can point to the specific mention of an expression of interest.

Lets hope that we will find out at some point.

Well this is the problem with the bod comms. I'd rather take the info from the latest news which is the audited financial statements. Like I said, pg 63 note 28. Clear fact in black and white. It's an EOI. Non binding.

I reckon you need to catch up your cpd buddy and get a new set of glasses while your at it.

Letter of intent is speculation. Expression of interest is all that has been received. This is always non binding and is just the start of the negotiation.

Cool story but I'm afraid sounds like fiction. Let's stick to the facts. Expression of interest is not binding. This is what the bod have disclosed.

You can speculate all you want, don't make it true. All other bidders walk away and this is where you end up. This would have been wrapped up under the FSP if there were acceptable competing bidders.

Wording on pg 63 of the financial statements is different. Note 28.

"The Company received an expression of interest regarding a potential substantial asset sale in May 2021"

https://www.dummies.com/business/corporate-finance/mergers-and-acquisitions/what-is-an-indication-of-interest-in-an-ma-deal/

Hard to tell where we are really, initially it was non-binding offers, then it was proposals and now proposal in writing/expression of interest. The real nitty/gritty of the deal are probably being negotiated now. If they only approached in May, there could still be a bit of a wait.

I believe eua have received an expression of interest. It is a few steps behind a LOI.

I guess he was probably advising on interior decorations and lunch orders only.

The guy who was probably critical to the FSP.
Came with a bag, disappeared with a whimper.

Eurasia said on Monday that Churakov had helped to arrange detailed due diligence and multi-day site visits by Lesego CEO JamesNieuwenhuys as part of an evaluation of Monchetundra and West Kytlim.

Eurasia said that Churakov had assisted in negotiations with Sinosteel helping structure the engineering, procurement, construction and finance contract to include a $50-milion subcontract through which Sinosteel provides Terskaya Mining Company, Eurasia's subsidiary developing the Monchetundra project, with the start-up financing.

Churakov has also assisted in developing the West Kytlim phased production increase strategy involving Eurasia's own team and its contractors.

Eurasia further announced that long-term director Dmitry Suschov had transferred  25.472% of the share capital of a company he controlled, Deloan Investments, to Churakov’s Venus Garden Holdings for a nominal consideration. Deloan holds a substantial shareholding in Eurasia

Alexei Churakov – Strategic advisor to the board

Mr. Churakov is a former Goldman Sachs and Morgan Stanley senior investment banker specialized in the mining sector. He has a background in cross-border M&A transactions operating from Moscow, London and New York. Alexei brings his extensive experience in mining M&A as well as maintaining a hands on approach at operational level.

1. Communicate timeline at outset.
2. Pad the speeding ticket with positives.
3. More substantial explanation for AC sale and subsequent disappearance.

2&3 have set cap on the sp.

4. Publish full wk DFS.
5. Publish MT resource details
6. Give an indication of bids received/rejected.
7. Publish rosgeo DFS and NPV.

NDA prohibit specifics, they could have given general details.

Even forgetting all the above, instigating the sinosteel contract would have resulted in a near complete mine, ready to produce at current record prices.

I'll speculate that even a few of the above would result in a sp much higher.

Tigra, The problem with your argument is that you and many others would have advised not to sell in the 40s. In fact, many were ramping the hell out of it and encouraging buying at the all time high. Holding has proved to be the worst decision, albeit with hindsight.

2 years, not a sniff of a buyer or offer. Still making a loss after 20 years and record commodity prices, insiders selling, placing and lack of clear communication. Makes sense why the market is skeptical.

The bod are to blame for the sp decline, they could have managed this so much better, can't blame folk for losing faith.

Makes complete sense. Raise 100m with dilution eventhough a multi billion deal is all but done.

The arguments here make no sense whatsoever. The Rosgeo JV mine plan, resources, IRR and other details are in the public domain apparently. All the bod need to do is put all the info in an rns with the cost of the licences and the sp will rocket.

Begs the question why they are holding it back, along with the potential cash raise.... it feels like it is a backup for if the negotiation for the sale fails.

The nonsense about the jv is unbelievable. It's not worth anything until its paid for. We dont know the price of the licences it could be 100s of millions.

JVs are structured with first refusal and get out clauses. It usually impossible to buy out the partner and sell in a short period without a serious kickback to the original partner.

If you look at the polymetal jv with rosgeo. They state a cost, target for JORC and a date. All excluded from the eua rns.

"It is all clearly agreed upon with everyone, Eurasia, the buyer, and the Russian gov itself. The plan to take the whole district into production appears set in stone, from an outsider looking in perspective anyway"

The problem with this line of thinking is that if all this is available publically, it is obviously not subject to nda or top secret.... why the heck doesn't the company spell it out for shareholders

Its relative change as well. Eua is down almost 50%. If there are other small cap miners that have increased to overtake eua mcap then it is possible. I'm not aware of any in particular, although the sector is up big.

Stability in the index is also required, so in/outs in a short time frame would not be expected.

Mac... not too sure about facts. You regurgitate info well, but and make errors when original thought is required. Whether intentional or mistakes I'm not sure.

I think you'll find the proposal was an EOI not a LOI. Stick to the copy pasting.