Member Info for brotherjoey

Thank you!

Here’s one for you if you get a chance;
https://youtu.be/Nrj9rvSl_gg

Similarly covers a breakdown on the precious metals market and the bubble over decades. Interesting insight as to why Palladium prices are rocketing. Gosh, makes me love mochetundra even more <3

Silver nite- which clip is this?
But I totally agree, have been researching into why Pd has been soaring and what you wrote is bang on:

“Highlight the extreme shortage of palladium supply and the manipulation of the price by the likes of the LBMA. This is still the situation. It also points out that palladium could well the catalyst that breaks the present manipulation of the whole precious metals markets and about time too!”

So many shorts on Pd, the manipulation goes deeper than I thought! But Pd demand is highlighting all of this, and what a perfect time to be invested in PGE metals. Personally, like other posters have mentioned, know of cars that have been targeted because of the prices of Pd.

Happy for EUA to wait until after Xmas, if it means securing a multi billion dollar/pound deal. Saying this is pure gold is actually an understatement

An asset sale of $750m = 16p
An asset sale of £750m = 20.7p
(Estimates)

And yes- this does NOT include
A) bank commission
B) tax applicable
C) money they’d wish to use towards other/existing project(s)

Lol 2p dividend. Try closer to 20p

Even without an asset sale we’re just fine:
- No need for cash
- no need for dilution
- one mine where we receive 100% revenue and plan on expanding it
- cash from warrants and WK due
- applications for flanks and further exploration licenses
- we are right beside the worlds biggest Deposit
- last palladium mine in play
- open pit, low market costs
- WK 2nd largest, planning to be largest producer
- mocheduntra with flanks has an estimated worth of $27bn to us, and it will be easy to extract and mine
- future dividend for shareholders will be phenomenal income
- increasing revenues from WK will help MC.
- Company aim to upgrade WK mines existing reserves to C1 category through an ‘single aggressive drilling programme’
- bottomof global cost curve so “the last one to die” should something unexpected happen to prices
- EUA have production licensing to 2038
- DFS showed grades that were consistently higher, 3-4x than estimated
- last year we planned on 100kg target at west Kytlim - we over achieved with 165kg
- more profitable than South Africa
- Palladium Prices High
- Rhodium prices high
- platinum looking bullish

Eurasia are in a fantastic position at the moment and the BoD must be extremely pleased with themselves.

Just some of the fundamentals. In case two of the biggest banks in China and Russia are “struggling to find a buyer”.

We have a botfly problem

Yes jester!
& very excited to hear about their West Kytlim outline for 2020!
Now 100% of the profits are ours, should be a very good year. Including the expected payment from our basket due soon!!

Lamtree: care to comment on your comments about 300% etc though? Also why are you invested anywhere? Just the share price? So fundamentals don’t matter at all. Very curios way of investing money in stocks and shares I must say. How would you suggest we pick stocks and shares

31/10
“Fundamentals are rarely key,MMs are always key.”

31st October:
“yet a bit horrified to see at 300% odd up and people were/are holding.
None of my business wether people hold or not,but just pointing out that fundamentals are not key at this stage of the game and rarely key at any stage of the game.
When you look at the likes of thomas cook,carillion,etc etc just what could the fundamentals tell you?not a lot as usual.
All that matters is the share price,which is not exactly 'stuff',but just a figure to what you personally think its worth.”

“The only facts you should be looking at is the share price movements.”

3rd nov:
“LB28,does like to boast about his research skills.”

7th Nov:
“This is just a gamble to me and any where near 8p is good enough for me.”

11th Nov:
“The RNS only proved to me smoke and mirrors,I'm highly dubious about this share”

12th nov (re: alexei’s tweet)
“Doesnt writing on the wall mean doom and gloom?”

“Think I will see if theres another little surge and call time on this one,being Russian its just too dodge.”

“I've played,made money,whats your point cam ?”

“The share price is the reality.” - “Fundamentals,laughing laughing,enters Mr Woodford and Co.,,,,”
“youve missed the pump,beware of the dump,tread carefully deos.” (SP was 2.90)
13th Nov:
“I think all pretty much over now,it'll start to get dumped now for the foreseeable future.” (SP was 2.75)
17th Nov:
“50p,that would be nice but my exit point is 3.5 as I'm not greedy”

Iamtree- scrolling through your posts it’s ironic you’re giving others advice on manners. Anyway, please read below. I didn’t include the numerous non EUA related tweets and the rude ones you posted.

You came here 2.5 weeks ago- said you’d been following for a few days, came to “congratulate” holders. Funny.

31/10
“Fundamentals are rarely key,MMs are always key.”

31st October:
“yet a bit horrified to see at 300% odd up and people were/are holding.
None of my business wether people hold or not,but just pointing out that fundamentals are not key at this stage of the game and rarely key at any stage of the game.
When you look at the likes of thomas cook,carillion,etc etc just what could the fundamentals tell you?not a lot as usual.
All that matters is the share price,which is not exactly 'stuff',but just a figure to what you personally think its worth.”

“The only facts you should be looking at is the share price movements.”

3rd nov:
“LB28,does like to boast about his research skills.”

7th Nov:
“This is just a gamble to me and any where near 8p is good enough for me.”

11th Nov:
“The RNS only proved to me smoke and mirrors,I'm highly dubious about this share”

12th nov (re: alexei’s tweet)
“Doesnt writing on the wall mean doom and gloom?”

“Think I will see if theres another little surge and call time on this one,being Russian its just too dodge.”

“I've played,made money,whats your point cam ?”

“The share price is the reality.” - “Fundamentals,laughing laughing,enters Mr Woodford and Co.,,,,”

“youve missed the pump,beware of the dump,tread carefully deos.” (SP was 2.90)

13th Nov:
“I think all pretty much over now,it'll start to get dumped now for the foreseeable future.” (SP was 2.75)

17th Nov:
“50p,that would be nice but my exit point is 3.5 as I'm not greedy”

I hate going through posts like that but in this case I felt I had to since you wanted to know where you said it. Hopefully this goes the 3.5p quickly so you may return from whence you came.

Iamtree- been watching your posts ever since you arrived in the EUA board. Funnily every single one is negative?

You’ve bashed LB28 for saying they “like to boast” about research or something, you’ve said fundamentals are not key here (when are fundamentals not key?)

Actually; you think fundamentals are not key but MM’s are key. Are you a MM? I’m not sure who would say Fundamentals are not key at this stage of the Game and rarely at any stage of the Game. Why did you invest? You thjnk this is going to 8p and it’s just a gamble; so why so much negativity ?

You’re horrified that people are holding because they are 300% up. Not everybody is a trader and some of us genuinely believe THE fundamentals, which is essentially what will make the company successful. If you think all the palladium proven is worth 8p a share that’s fair enough, but it’s a bit disingenuous to post consistently every few days bashing the stock and the holders too

Smoking joe deramping on EUA; now promoting Koov on the trx board. Funny that ..

Imo £3 levels would only be achieved once we are years down the line making a large amount of money each year from Pd sales.
We would have to be a £3.64bn company for each share to be £1, so a £10bn company for £3.

1996 was over 20 years ago and the fundamentals and projects and dilution were undoubtedly different back then. Even 5 years is a long time imo.

It’s 700% for some holders and being optimistic I hope for 1,000% or 2,000% from current sp.
10,000% from here would be wildly optimistic if we considered an asset sale, and would likely take many years of successful mining to reach. However, in a decade or so it would make LTH’s very very wealthy- especially if given a juicy annual dividend.
That is why lifetime royalties from the Monchetundra mine would be advantageous

When was this £3? In September 2000 looks like it went to around 45.5p

That would be a fantastic dividend ;)

Hey,

It will for sure affect the price of the mine during negotiations. Imagine you were selling a fully developed mine, ready to go and start making cash straight away. A lot of the work has been done, and the procedures and all other elements of the projects can immediately operate smoothly. And then imagine selling one that was still 18 months away from generating serious cash, although preparations are being made and will be made with haste, it’s still not a fully developed and producing mine. This will be something (one of the FEW disadvantages) they can bring up during negotiations. But that doesn’t take away from our larger reserves, ability to superficially extract at low costs etc. So the ball is more in our court for sure.

So if NAP sale was approx say £586m, and they have 2.32 million oz - at the time in sept the Pd price was $1700 - so that’s a total of $3,944m
= 14.9 (call it 15%) of ground value.

If they had 15% for something more developed.. it could be fair to say we can get 7.5% for the ground value? Considering it would take the buyer many many years to dig the 15moz up compared to just 2moz.

7.5% of $27bn = $2.03bn = £1.57bn
80% = £1.265bn
Divided by 2.9bn shareholders (1.265/2.9)
= 43p

If we got 15% of ground value, like NAP did;
= £3.14bn ; EUA owns £2.512bn
= Almost 87p/ share (and I doubt it can be higher than this unless more Moz is proven for us?)

*Should read 0.45cents/ 0.34p

Hi ginger!

Tonight I’ll look into NAP purchase if I get the chance. Looks as though the grades of Pd are similar but NAP is an operational mine, and has the following advantages, which monchetundra is a bit away from:

1. Record revenue: Based on 56,121 ounces of palladium sold, revenue for the quarter increased to $135.6 million compared to $94.1 million for the same period in 2018. This is the highest quarterly revenue in the Company’s history. Revenue for the first half of the year was $263.9 million based on 112,896 payable ounces of palladium sold.

2. Strong growth in net income: Net income was $36.6 million, or $0.62 per share, compared to $14.2 million or $0.24 per share reported for Q2 2018. Year to date net income was $66.1 million, or $1.12 per share.

3. Substantial cash from operations: Cash provided from operations was $58.8 million, compared to $33.1 million for the same period in 2018. Year to date cash provided from operations was $134.6 million.

4: Strong free cash flow1: Free cash flow for the quarter was $35.4 million, an increase from $16.4 million in Q2 2018; with year to date free cash flow at $90.6 million.

5. Increased EBITDA1: Adjusted EBITDA1 increased to $73.0 million, up from $37.2 million in Q2 2018. For the first half of the year, adjusted EBITDA1 was at $134.6 million.

6. Record production: Underground production averaged just over 7,000 tonnes per day (“tpd”) for the quarter, the highest in the Company’s history. This is a significant increase compared to the 5,856 tpd produced in Q2 2018 and a slight increase over the 6,755 tpd in Q1 2019.

7. Special dividend: The Company’s Board of Directors is pleased to announce that, in addition to the existing $0.10 quarterly dividend, a Special Dividend of $0.35 per share will be issued to all common shareholders of record as of September 1, 2019.(total dividend being 45c, or 34p, or 70% of eurasias share price at the time)

So they’d obviously gone further than we had in terms of production, whereas we have greater reserves.

5-10% of ground value. Not 100% sure on this but how else would you calculate it? Any less is too conservative, and I can’t see someone paying for 15-20% of the market value of something in the ground when so much work has yet to be carried out to extract it?

We would get a much higher price should we go at this ourselves for a year or two. But maybe EUA have other plans

Eleanor’s question regarding flanks:

I spoke to Eurasia mining with the same question. They mentioned that in negotiations they will be taking the flanks and the probability of them getting the licence (almost guaranteed) into account during ongoing talks and offers. So I would guess that the Flanks approval for Montechetundra could come at a similar time to an offer, perhaps even afterward. Therefore not something to be too concerned about in the bigger picture. I was pleased at this, because it sounded like an offer could come before flank approval!

Moreover, Dmitry may have influence along with the potential buyers in expediting the licensing (which can take months). From the conversation with EUA my memory is hazy but it appeared as though the licensing could be done quicker than normal and will hopefully not take too long. The gentleman even told me the town where it would be processed etc.

Hope that helps

Hi chris, it will be multiple times current SP but unlikely in the £’s.

My rationale and calculations are:
2moz + flanks 13moz = 15 moz total (15 is the total value with flanks included).

If you take a rough estimate of today’s Pd at $1800/oz then 15moz = $27billion.

This is the worth of the palladium in the ground. The operational costs are low- maybe $400/oz but I have not included any of this.

If we have $27 billion worth in the ground then it’s my understanding that we would sell for about 5% - 10% of that value. (5% conservative and 10% generous).

So if we take 5% of ground value - that’s an offer of $1.35 billion or £1.04bn

We own 80% of the mine- so payout is £832m between all shareholders and directors.

Since there will be 2.9billion shares in circulation by then, the value per share is (832/2900) = 28.7p per share.

IMO the most likely offer is in the 30p range.
A very very conservative one is 15p
A very very generous one is 60p

Yes Mac you’re right in taking the 15moz as I have contacted the company myself and they have mentioned that the 15moz will be taken into consideration during the negotiations. So it’s safe to assume any offers will take into account 15moz reserves (and potential additional licensing for nearby deposits)

Stix I am hoping for an asset sale, like many, fairly quickly.
I have also prepared myself for a possible non-asset sale or delayed asset sale as you mentioned. I expect the sp to either bobble around a minimum of 1-2p or maintain (assuming no drastic new announcements).

For me it’s a win win. Although the decimation of an Sp may occur, it will give me the chance to load up every month accumulating more shares, so when the asset sale or produce for mining occurs- then I’ll be laughing

No change in SP- still gives opportunity for monthly top ups.
Increase in SP- good, will remain content (and still top up obv)
This is a wonderful long term and short term stock, depending on what the BOD decide to do.