Member Info for Broxburn68

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?

I think the same applies to both reports.

The main step to obtain financing and progress to production would be to obtain bankable feasability studies, which provide detailed and independently verified costings and potential returns which would give some assurance of financial viability to investors and financiers.

Buckylittlewing

The 305kt nickel (inferred) in the WA CPR is at an average grade of 0.28%, as per the report.

mac4671

With reference to your post at 14:31 on 14th August, you state "Even if you just took the very simple approach of attaching a $1bn valuation to each of the main assets, Monchetundra, NKT, NYUD, Sopcha, Poaz........that's $5bn."

If you are implying that NKT alone would achieve a sale value of $1bn, this would be misleading in the extreme.

There has been a purchase of interest by Palladium One in a nickel/ PGM/ copper project in Canada, announced on 13th June 2022. Both the NKT and Canalask MREs are prepared on historical resource estimates. Have a look at the grades in comparison for the Canalask project - for Nickel alone it's at a five times higher grade than the WA CPR for NKT. The sale price:

- $25,000 shall be payable in cash on Closing.
-$200,000 shall be payable in common shares of the Company on Closing.
The Vendor shall retain a 2% Net Smelter Return (“NSR”) royalty, with the Company retaining a 50% buyback right.
Contingent consideration includes:
$2,000,000 will be paid to the Vendor upon the earlier of (A) the publication of a Feasibility Study, or (B) the Commencement of Commercial Production; and
$5,000,000 will be paid to the Vendor upon the commencement of commercial production on the Canalask Property.

https://www.eurasiamining.co.uk/investors/technical-reports

https://palladiumoneinc.com/news/2022/palladium-one-acquires-the-canalask-nickel-copper-pge-project-yukon-canada

https://checko.ru/company/kosvinsky-kamen-1026601102725?extra=finances

Well, here are the WK results according to the below link: in very brief summary:

All in RUB

P&L

Revenue: 236.3m
Cost of sales: 233.6m
Gross profit: 2.7m
Management expenses: 12m
"Loss from sales": 9.3m

Cash Flow

Balance of cash flows from current operations: minus 114.5m
Also:
"Obtaining Credits and Loans": 305.1m
Cash at start of year: 7.1m
Cash at end of year: 5.7m

Retained losses in balance sheet: 107.9m

hxxps://checko.ru/company/kosvinsky-kamen-1026601102725?extra=finances