Member Info for bobbybingo

Les i dont think many wiould agree with that assessment, have a read of this, also hydrogen cars wont kill the need for EVs the world needs both

https://www.businesslive.co.za/bd/opinion/2022-11-16-nqobile-xaba-strategic-role-of-pgms-in-creation-of-hydrogen-economy/

i think they have all agreed to wait a reasonable length of time to see if the Ukraine situation is resolved and with the potential buyers being BRICS they may not want to commit just yet incase Russia end up at war with Nato, if you think about most of the other companies that have sold they have mostly gone to Russian buyers to save jobs but buying something as important as strategic battery metals a brics buyer may want to wait this out a bit longer, it seems to me Rosgeo are getting hold of the licences for now and we wait a while on the DFS approval, hopefully during this time the Ukraine situation is resolved via a negotiated peace agreement and everything will come together then

Thats how they would have to do it CTC, over time so as to lose less as they sold up, i thought you would know this, its basic stuff really

whats your game CTC ?
you know full well that the funds and iis have chosen to sell up anything Russia related as with all the other Russia related stocks, some chose to do that and many were heavily pressured to do so by Mr Sunak,
if you were not aware of this you need to wake up,
also you recently were bragging about your successfull trade where you just bought 1m more shares to lower your average when you knew that all the funds and iis sold up, this all seems a bit Walter Mitty BS to me

TD2
of course they hold title for Monchetundra, since 2018

they couldnt submit the DFS or be selling the assets if the dont hold title, OMG

you should refrain from the pathetic attempted fear mongering and just stop posting anymore tripe, you are just making a gigantic fool of yourself,

Eurasia Mining plc (LON:EUA) has announced that the Ministry of Natural Resources (MNR) has approved its application for a mining permit at Monchetundra Mine in Russia.

https://www.proactiveinvestors.co.uk/companies/news/200544%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20/eurasia-mining-announces-approval-of-monchetundra-mine-permit-application-200544.html

TD2
they have produced a TEO in 2016 and details of that will be included in the DFS along with much more up to date information, so clearly they have produced a DFS which has recently been submitted.

TEO
Monchetundra

A Feasibility Study "TEO" (Technico Economicheskiye Obosnovaniye or Technical and Economic Feasibility) was officially submitted today (22 December 2016) for approvals at the State Commission on Mineral Reserves ("GKZ"). This document, considered equivalent to a 'Western' feasibility study, documents the economic extraction of the reserves already identified at two open pit targets on Eurasia's 80% owned Monchetundra License. The reserves, when approved, will represent the maiden reserves defined for the license.

Truth,
What if you are completely wrong on this and a sale happens at multiples of the current SP, then going by your own narrative you would have cost possible new investors loads of money, it can go either way

fingers crossed some sense prevails

https://thepressunited.com/updates/pentagon-think-tank-warns-against-long-war-in-ukraine/

https://www.rand.org/pubs/perspectives/PEA2510-1.html

a small part from the 32 page report

address the credible commitment problem for Ukraine,
the United States and its allies could consider outlining
the long-term commitments they are prepared to make to
Ukraine’s security if Kyiv comes to terms with Moscow.
Security commitments can take many forms, rang-
ing from promises of limited support in wartime to a
vow to intervene militarily to defend another country if
it is attacked. Providing Kyiv such a commitment could
affect Ukraine’s decisionmaking about ending the war:
It would address Kyiv’s concerns about the credibility of
Moscow’s promises not to attack Ukraine again as part of
a settlement. 57 A U.S. security commitment—particularly
a commitment to intervene militarily should Russia attack
again—would deter Moscow from future aggression, since
Russia would be risking war with a much more powerful
coalition, not just with Ukraine. Ukraine would be more
confident in its security and would have a more stable
environment in which to recover economically from the
conflict. A U.S. or allied commitment to Ukraine

you can read the full report if you choose to on the rand link

Agreed RP, the NYUD 75% is completed as LB pointed out pursuant to the agreement, it seems the question is do the sanctions prevent the take up of the other areas in the JV which is currently being considred

That is not correct truthfactory, even Japan who are taking part in sanctions are still investing in shakhalin hydrogen and they have waiver on sanctions for that investment, plus there are still 2000 plus western companies from so called unfriendly countries still operating normaly in Russia , have a look at this link from an article today and get yourself up to date on the real story before you spread nonsense

https://www.politico.eu/article/majority-of-western-companies-continue-business-in-russia-study-finds/

Thanks LB, that needed pointing out

A non-executive chairman of the board does not occupy a management position in the company. The chair operates independently from the company, receives plans and proposals from the CEO, through the corporate secretary,

it will be to advise the CEO and board probably to share ideas and steer them in the right direction due to his experience,

there could be a multitude of reasons he would want to take up this position, hopefully nothing for us to be concerned about

Truthfactory, do you think EUA is an opportunity ?

can anyone who has actually seen or got the report confirm or refute that HCW concluded a no sale just before the war as Huwsbuying has just stated ?

CTC can you check that ? you mentioned earlier you had it on your pc ? or anyone else ?

Im not drinking or smoking anything MR Wolfe nor did i mention a full sale, im reporting on the rules regarding dividend payments to foreign companies or subsidiaries that continue to invest in Russia, i disagree with you on this not being important, i think its very important what these rules are as when these rules become clear and are implemented then any deals will have a much better chance of completion, it seems as the war is raging on these rules are being put in place so companies have an understanding of what is still possible so business can still get done

The Putin decree states that companies MAY have to sell at 50% discount ! it does not say they definitely will have to, it also states that Putin can issue a waiver,

another point from earlier !
i translated this part from the link provided by mjd (thanks mjd)

This is very positive news for dividend payments and there is more about it being ok to move the money abroad in such cases that meet that criteria, hopefully this is all being implemented

Earlier, Deputy Finance Minister Alexei Moiseyev said that the relevant executive body should make sure that the "subsidiary" of a foreign company in Russia is developing and "does not wind up the fishing rod". In this case the decision on permission to pay dividends is "more or less automatic". According to him, the apparatus of the subcommittee mainly relies on the position of the specialized ministry. If its officials confirm that the company is working and continues to invest, not "looking for a pretext to withdraw money", then the application for the payment of dividends will be considered positively.

GLA

https://www.rbc.ru/economics/23/12/2022/63a414da9a79475b91011b6a

Tim, unfortunately im not sure that earlier post you made is correct as kinross gold had to reduce the agreed sale amount by 50% from 680m to 340m, that was in june, what EUA need to know is the 50% discount for every transaction from now on or is it discretionary and are there exemptions or waivers, hopefully we here from the BOD when they find out the full details

it is good news from the point of view that until this statement anyone in Russia coud have had 100% of assets seized as was touted on here by the doomongers many many times, so that is now off the table !!
if anything you could argue the sp should rise due to the worst case scenario has dramatically improved to 50% value of assets as opposed to a possible total loss

It was not immediately clear how the government would apply the measures and whether they would apply to every transaction.

https://netherlands.postsen.com/trends/123957/Russia-outlines-plan-for-%E2%80%98unfriendly%E2%80%99-investors-to-sell-at-half-price.html

i imagine when the DFS is approved that the JV Licences will be awarded just after that, i get the feeling with the comment that the buyers will remain anonymous until eua are in a position to legally agree a deal or words to that effect means the buyers are also waiting on this all being put throught the process, they cant have disappeared or we would know about that, hopefully it is all going to make sense within the next few months, for all we know the deal may be much larger than before via the interested parties and a total assets sale is on the cards, who knows but what i do know is that whatever is going on behind the scenes there is not a chance they can say anything about any of it due to NDA ,

im not to concerned about the fact we are British or on licences being revoked as there are plenty of Russians involved including workers and investors, the bottom line is if they pull a stunt like that and they dont allow a good deal to go through then that will blow the deal and all parties friendly or not would run a mile and never return, also when word got out then it would blow other deals going on in Russia,
on the other hand Russia could spin it massively in their favour by saying look at this uk business that just worked with us for 25 years and sold all there assets in Russia for a huge profit and Russia is open for business to business people that want to invest here, that would be a far more likely scenario imo, as far as i am aware not a single deal has been blown yet and all have been approved so far, however im happy to be corrected on that if anyone knows of something other than that ?

GLA

i agree with that Moneymaker, good points,
perhaps if they are not selling all the assets at once and want to carry on with EUA 2.0 then it may be an option, also it seems to me the institutions in the west are not investing again in anything in Russia even if anything gets sorted in Ukraine, so if they do want to carry on in Russia at all it may be worth considering