Member Info for bobbybingo

DR

case over ? fact checked ? any more info on that would be good ?

The political turmoil over Ukraine funding in the USA, the failed counteroffensive and this prank call to Meloni reveals the west are looking for a way out of the Ukraine mess and this prank call to Meloni was made before the situation in the middle east kicked off so its even more likely now they try to find a way to find a compromise on Ukraine,

i cant see Russia willing to compromise without sanctions being lifted and there could well be progress on a solution over the next few months, fingers crossed on that !

i hope the board hang on as long as they can as it would be stupid if they sold for peanuts now then all of a sudden a Russia Ukraine deal is done a short time after, if i was them i would want to hang on up to the Nov 24 election and see what happens then but i think a solution will be found before that,

Meloni’s office said in a statement it regretted that she had been deceived by an impostor posing as the head of the African Union Commission. It said the call took place on Sept. 18 in the run-up to meetings with African leaders at the United Nations General Assembly.

Asked about Russia’s war in Ukraine, Meloni, speaking in English, said: “I see that there is a lot of fatigue, I have to say the truth, from all the sides. We are near the moment in which everybody understands that we need a way out.” “The problem is to find a way out which can be acceptable for both without destroying the international law,” she added.

https://www.news18.com/world/italy-pm-melonis-13-minute-prank-call-reveals-ukraine-fatigue-migration-woes-8644811.html

To add to previous figures there is also the exclusivity targets of Plast, Sopcha and Avarench which from the cadastre contain about 30b in total,

these areas are outwith MT and the JV,

im not sure if they are part of the flanks areas that i didnt put a value on earlier or if they are to be added to that,

either way i think they will also be part of the sale which is a large amount of resources to add to bring the total towards 80b to 90b with more to add to that from not known values

i wouldnt ignore the Rhodium and Iridium as i think these will add significant value, although impossible for us to work out due to being state secrets it is true that geologists commented on the whole area being unusually rich in these which is good news obviously,

these are legitimate numbers that can be calculated from the cadastre and are not make believe or pie in the sky or anything to do with WAI

i am under no illusion that a sale may not go ahead for some time yet but i am more inclined to think at this point they will get a deal over the line and if not then indeed it will be squeaky bum time,

GLA

Sirplacealot, credit to you for that "kryptonite" ha ha that was a good one!

Sirplaceealot, BFL,

the asset amounts are available to a decent degree from the Russian cadastre without relying on WAI numbers, however i dont think they are so far out as some on here make out tbh,

using the figures from the Federal Agency for Mineral Resources who are responsible for the Russian cadastre which contain the state register of Russian Jorc equivalent resources information that was done for most of the assets for sale years ago,

as an example when NKT underground part was given a JORC the metals were a tad more in total than the Russian cadastre version,

taking the resources figures available from the cadastre register of resources,

only some of the assets EUA currently have for sale add up to about 50b to 60b where figures are available

add to this the open pit part of NKT and flanks elsewhere

then add to that the unknown increases in value from further work done by EUA which is included in the recently approved DFS,

also to add is the state secrets Rhodium and Iridium value which could be substantial,

also to add the value of rights to NYUD

its clear the resources available are large and of value hence multiple parties doing DD are interested in this ,

GLA

http://government.ru/en/department/53/

I get your points spikeyj but its not a real market here as Sunak told the institutions and funds to get out of anything Russian and they complied so if there was ever a case the SP is irrelevant it is here and in other Russia related shares,

the value of assets will be less than it would have been before but if sold to Brics then a decent price for the sale of assets is possible, hopefully its an amount that will get most shareholders their money back and profit for some,

FR.Jack

i get your point however i think these assets are more valuable for various reasons including EUA have more in the ground yet to be revealed, also unusually high Rhodium and Iridium concentrations across the whole area also to be quantified due to being state secrets, a much better location, more ready to go and more infrastructure at or nearby and more parties interested will be more likely to achieve a much higher sale price vs Amur,

i do wonder what would happen to the sp when the increased in value DFS gets published, i will to wait to find out more

i dont believe its pie in the sky like Richard who just joined us very recently

some opinions are more pessimistic than others, in time we will all find out one way or another

FR.Jack

i dont think the sp is relevent to the as yet undisclosed DFS value and all other assets for sale, however the value of the assets for sale should achieve north of 20p including any discount in my opinion, especially now we have been told of an increase in value on the approved DFS, taking this and the NPV of one part of NKT together with all the other assets included in the sale im thinking somewhere between 20p and 40p is still possible here, feel free to disagree that is my opinion on where a sale price might end up at under the current circumstances,

GLA

EUA and various interested parties must have had to re hash things with all the geopolitical stuff going on, that process is being carried out, as well as old they have new set of potential buyers doing DD who are now looking at an increase in value DFS,

i am not surprised in the slightest that this has taken a long time considering where things stand, they have told us they are working on the sale,

i dont think the sale will be at a high price but hopefully its north of 20p and they manage to sell everything as planned, i believe they are trying hard to achieve that,

"We recognise that, in relation to the potential asset sale, it may be a source of frustration for shareholders that we cannot report on specific counterparties, the nature of our discussions, and the ongoing processes in more detail. This reflects the regulatory regime and the many confidentiality agreements that govern this activity. However, although there can be no guarantees, all the Eurasia Board members are engaged in contributing towards a successful outcome to this process, and we look forward to providing our shareholders with further updates as appropriate."

BFL

the current sp vs 68p

companies funds and institutions were told by Sunak 18 months ago to get out of anything in Russia and they did indeed do that right accross the board,

some bloody nerve considering his wife and father in law have billions in shares in a Russian company,

these funds and institutions wont get back in either no matter what the prospects, as an example

when amur minerals sold the city did not even carry out any of the normal arbitrage trades which was money on a plate for them,

EUA are selling assets not the company, the offers that come in will be based on that so the offers could be as high as 68p for what is available to them,

Well said seamus12 and Trowtech !

very strange that BFL would post disparaging comments towards you two and not towards Offler,

why would BFL not be also calling out offler who has just declared they are looking forward to people losing out here, that means you as well BFL if you are actually an investor here, that should irk you as much as the rest of us but instead you instead try disparage the ones that criticize offler, that is very strange indeed!

CTC/SCUBA was the exact same way, the most annoying poster that was ever on here next to toffers

Yeh the option on WK rags, just an idea !

they told us what they are selling and hopeful of a sale this year but that does not necessarily mean all of it at once this year,

WK is ready to go and the value with the flanks (typil) would be not bad at all.

it must be tempting to sell WK now and further negotiate the rest all the way to the next US election as Trump is now ahead in the poles and half of Bidens own party think he is to old to run,

if Trump were to win the election then there would be a very good chance at an end to the war and some compromises on both sides and improved relations with Russia and sanctions lifted,

surely they will be considering options like this with the advisors,

i think that would be worth the risk to play it out that way as imagine thats what happens and they sell it all now at a pittence compared to the value if that were to happen, after 25 years in Russia its only one more year to that election

Aubrey

The Sinosteel option is not dead in the water at all, it was specifically mentioned in the last RNS as an option for the possible buyers and also is still available for EUA

"The Definitive Feasibility Study ('DFS') at Monchetundra was approved by the authorities in late June 2023. This allows Eurasia to present this development and the resulting improvement in value to potential purchasers. The Company does not believe it is appropriate to commence construction immediately, as it is expected that any counterparties to the proposed asset sale may have their own plans for the development of Monchetundra and can either proceed with the EPCF contract signed with Sinosteel, or with a different contractor."

Fr Jack

it may also be prudent to sell WK on its own first and then MT later on as that being the most valuable it may prove a good plan to split it to different buyers and take longer with MT until some resolution to the war becomes visIble, that would secure funds and buy plenty of time to negotiate a better price for MT and rights to NYUD later on,

its possible that is why more/other parties are on NDAs and doing DD, perhaps leading to selling it all in parts over time which may result in a better return for the assets,

who knows what is going on behind the scenes but its good news on the tax burden and that there are parties interested in these assets and doing DD

Fr Jack

the offers we get will not be based on the current value of the metals , it may have a slight bearing but as everyone knows this area will be mined for decades and in any green future the metals will become more scarce as demand increases so the future price is also estimated and considered in any offers that come our way, also worth consideration as an example car companys and other industries need to secure there future by securing assets and future supply

This is some good news Bill ,

thanks Jarv, great spot!

so EUA have manged to get support from the ministry of finance to change the tax code , wow, hopefully this will lead to offers for the assests!

The Ministry of Finance will adjust the tax burden on the extraction of platinum group metals if the concentrate contains gold. Companies that mine gold-platinum concentrate faced a 3.5-fold increase in taxes, although the tax burden for gold was kept at the same levels. As a result, some projects became unprofitable.

The Ministry of Finance is preparing a package of amendments to the Tax Code, according to which an increased coefficient for the mineral extraction tax will not be applied to the production of concentrates containing both platinum group metals and gold. This is stated in the response of the Ministry of Finance to the Commissioner under the President of Russia for the protection of the rights of entrepreneurs Boris Titov, the office of the business ombudsman reported.

According to the business ombudsman, he was contacted by the management of the Kosvinsky Kamen company, which is developing the Tylay-Kosvinskoye deposit in the Sverdlovsk region. The deposit's platinum and gold reserves, including production, at the end of 2021 amounted to 4.3 tons. The shareholders of Kosvinsky Stone are JSC Eurasia Mining Service with 68% of shares, individual A. Larin - 25%, National Settlement Depository - 7%. The parent company Eurasia Mining Plc is registered in the UK.

This is not the first time that the Ministry of Finance, after increasing the load on the mining sector, adjusts it for individual projects. For example, a zero mineral extraction tax was established for Russian Platinum projects in the Krasnoyarsk Territory, Evraz received a tax deduction for the mineral extraction tax for the Kachkanarsky GOK, and the Sorsky GOK for molybdenum and copper mining projects in Khakassia. Independent expert Boris Lutset believes that in the case of the Ural deposits we are talking about eliminating legal uncertainty,

Https://russiasnews.com/the-ministry-of-finance-is-preparing-tax-breaks-for-the-production-of-gold-platinum-concentrate/

GLA

Truth

if whatever company buy the assets use the metals to produce stuff in Russia there will be no tax

You just dont get it Bill !

they are selling assets ! the SP has zero bearing on what the multiple assets being sold are worth !

its not rocket science to understand that

tdt

the master of one liner smart **** comments, what a genius

we are so fortunate to have you pop on here with your expert mining knowledge and detailed explanations of this share,

bravo !

BFL

i wasnt talking about the current SP, i thought that was very clear tbh

i was talking about the attempt of hammering down our possible future sale value to any readers of this board by comparing us to the Amur sale which a couple of other posters have also explained why they are not comparable