Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Mr_Wolfe,
Perhaps some topical selections could be:
For Mac, GMF78, etc: Pied Piper (2:10)
For all those still hopeful here: Better Days Ahead (5:50)
For all who have invested in AIM stocks: Bravemansgame (3:30)
Best of luck to all!
The Trav licence has been allocated to Kosvinsky Kamen.
The tax rebates and VAT refunds will also be paid to JSC KK as that was where the sales and capital expenditure was incurred.
TDT,
The share price reached the heady heights of 0.55p after the 2016 RNS. There's been a bit of dilution since then of course..
I'll let the "LTHs" post the peer comparisons of deals done for undeveloped PGM/ nickel deposits, with reference to the Kola projects.
Https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/rdk589w
A couple more:
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/w9v6gdx
A couple more:
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/w9v6gdx
*EUA
Makeabundle
Please see below per EUS RNS's:
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/w12604x
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/x55ym2x
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/r7eyvgw
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/x2269lx
IKN 13:46 "Del, impossible to share on LSE down to the fact they are in graph form".
Thanks IKN, I don't think I've ever laughed out loud at a comment here, but that's real gem!
Looking at the KK accounts in the link below, they had cash of around £350k at their year end.
https://www.audit-it.ru/buh_otchet/6614005227_zao-kosvinskiy-kamen
On page 68 of the EUA annual report, TGK has current assets (ie cash/stock/ receivables) of £440.101. p69 in the annual report shows group cash (ie parent company plus subsidiaries) of £1,009,908
https://www.eurasiamining.co.uk/investors/financial-reports
Scuba101
The other member of the LLP is Geoff Nesbitt. Richard Oblath seems to have given up his majority interest (>75%) in the partnership on 15th April 2021.
Matyoshok himself now has an intetest of between 50% and 75%.
https://find-and-update.company-information.service.gov.uk/company/OC435796/persons-with-significant-control
H2Transition Capital LLP had a net asset value of £16,100 according to their last submitted accounts for April 2022.
This was made up of £4,100 in cash and £12,000 in receivables/ payables. I'm not aware of any press releases from them regarding raising funds/ capital since. I stand to be corrected of course.
https://find-and-update.company-information.service.gov.uk/company/OC435796/filing-history
Indeed - here's the in initial report from 3rd February 2020 for old times' sake. The irony of Churakov being promoted as "strategic advisor" will not be lost on many considering his cut and run later.
According to the YE 2022 projections, we should be looking for free cash flow of $8.75m from WK (same as last two years of course); 736,000t production from MT & Lo with $32m free cash flow and 10,000,000t production and $753m free cash flow from MT flanks.
https://www.dropbox.com/scl/fi/wl75l3dazgl1ykrb5u9hh/Eurasia-Mining-Plc-MA-Valuation-FINAL-ACF-03022020-11.pdf?dl=0&rlkey=crpimaa7kp4z8b8c7q2x2cqgo
The report was released through well known promoters of EUA through twitter - this and later updates are not available on the company's website...
“what part/s of the ACF are incorrect ?”
I don't think there's much in the way of opinion or justification needed on the veracity and worthiness on this and later pieces of "research" from the same source.
To call it blatant "stock promotion" would be understating the case. It certainly fooled many of the unwary at the time.
https://www.dropbox.com/scl/fi/wl75l3dazgl1ykrb5u9hh/Eurasia-Mining-Plc-MA-Valuation-FINAL-ACF-03022020-11.pdf?dl=0&rlkey=crpimaa7kp4z8b8c7q2x2cqgo
Well, here are the audited financial results (in roubles) for JSC Kosvinsky Kamen (West Kytlim) for the YE 31.12.2022, according to this link.
It looks like EUA have spent around £10m on loans to KK in the financial year according to the cash flow statement.
P&L makes little sense as it's not clear what the "other income" and "other expenses" are. Are sales really only £530 for the year?
Stock sits at c. £6.4m which at least is reasonably consistent with EUA comms. It also looks like FA expenditure is around £3.4m (dragline,etc).
Further analysis most welcome.
www.audit-it.ru/buh_otchet/6614005227_zao-kosvinskiy-kamen
As long as Ribera is in charge of MITECO, her "over my dead body" attitude to allowing any further progress in this project is going to curtail any steps forward for BKY. The best hope yet again is for a change of government at the next election.
lovelyboy
You might also be interested in the link here which shows Stefanovic apparently holds the exploration licenses for Losevye and Volchetundra, which has not been mentioned any Orsu press release.
https://www.interfax-russia.ru/northwest/news/chitinskiy-severnyy-palladiy-vedet-poiski-platinoidov-v-volchih-i-losevyh-tundrah-murmanskoy-oblasti-vlasti
lovelyboy
There's a link to the Orsu press release here:
https://orsumetals.com/news/2022/orsu-metals-provides-update-on-disposition-of-russian-assets/
Furthermore, there have been more sanctions announced by both sides since the EUA RNS on 29th June. The possible impact to EUA needs clarified by the BOD. I'll leave everyone to formulate their own opinions.
https://www.dechert.com/knowledge/onpoint/2022/8/new-russian-presidential-decree-further-restricts-sales-of-certa.html
https://www.allenovery.com/en-gb/global/news-and-insights/publications/uk-sanctions-prohibitions-on-new-investments-and-professional-and-business-services
Just for interest, there's more videos here of WK from Eurasia themselves, but nothing since Aug 19.
https://vimeo.com/user71951711
I think we all really need an update though..from 2019 Optiva note:
"Eurasia and its contractors are making good progress on the production preparation activities stipulated by the EPC with Sinosteel as TGK’s (Eurasia’s 80% subsidiary) responsibilities to initiate the payments from Sinosteel to TGK."
https://www.optivasecurities.com/latest-news/2019/08/13/eurasia-mining-plc-monchetundra-update-sinosteel-epc-h1-2019/
Mac, neither have been produced, so far. The BFS contains more detail pertinent to the lenders/ financiers to which you are applying for funds.
I'm sorry mac4671, but in the case of Norilsk having spent some time on analysing these assets, why did they not simply re-apply for the licences that they previously held, at minimal cost?
The idea of them paying the sums you suggest now seems somewhat far fetched, to say the least?