Member Info for CAW1

Yep what's not 'nice' about it!
GLA

Nice write up - seems wider market still thinks Company sale still an option

The AIM-listed company said copper reserves amounted to 292,714 tonnes, nickel reserves are 388,485 tonnes and cobalt reserves are 13,947 tonnes.

The breakdown also included reserves of 148 tonnes of palladium, 46 tonnes of platinum, 68 tonnes of silver and 8 tonnes of gold.

The resources breakdown included 1.807 million tonnes of copper, 1.859 million tonnes of nickel, 114,925 tonnes of cobalt, 1,080 tonnes of palladium, 276 tonnes of platinum, 394 tonnes of silver nd 76 tonnes of gold.

The reserves and resources are stated under the Russian classification. Reserves and resources under the JORC Code, further to those already announced for a portion of the NKT deposit, will be announced separately.

“The Directors are pleased to update shareholders on our reserves and resources,” Eurasia Mining Christian Schaffalitzky said.

The company is currently in the process of a potential sale of assets or the company as a whole. Schaffalitzky also provided an update on the current progress.

“We continue to make good progress further to the RNS of 28 October 2021 in relation to the potential sale for which a separate update will be provided,” Schaffalitzky added.

https://uk.investing.com/news/stock-market-news/eurasia-mining-provides-resources-and-reserves-update-2580669

GLA

HI Del, no concern just highlighting time take.
ERDC - IMO was more around 'titles' and ticking the box for potential bidders that licences/mines are in EUA hands. Not sure if it would speed up licence transfers - does seem a very slow and clunky process
'The right of registered Arctic residents to get land lease for their projects in an out-of-auction procedure, whereby it can be the Arctic management company that grants such lease right to land plots in state or municipal ownership. This regulation considerably simplifies and speeds up the process of obtaining land lease rights (Article 15 Law 193; Resolution of the Russian Government No. 91 dated 1 February 2021 "On the Approval of the Rules of Granting Land Plots in State or Municipal Ownership and Located in the Arctic into Lease by the Management Company of the Arctic"). This enforces the titles to the projects in addition to mining related licenses and potentially speeds up the development of mines;'
GLA

RNS's 01/09 - can't understand the delay in this one - hopefully when complete releases Armageddon!
Rosgeo has confirmed to Eurasia that the process on the license for Nyud and Moroshkovoe open pit deposits is in an advanced state.
GLA

GMF78
@GMF782
#EUA - “we move on and continue looking” says CEO of Sibanye today. “Severe shortages of #nickel”

If he’s got eyes elsewhere and wants serious amounts of Nickel I’m fairly sure he’ll like what he’s looking at compared to a 3 year project in Brazil https://miningmx.com/top-story/48644-sibanye-stillwater-confident-1bn-santa-rita-deal-withdrawal-is-a-watertight-legal-decision/
GLA

Things still advancing in Russia mining circle

Platinum miners take big step towards digging in Taymyr Peninsula
Russian Platinum now confirms that it has got the financing it needs to start development. Project launch is estimated to cost 240 billion rubles (€2,76 billion), of which 180 billion will be provided by credits from VEB.RF and VTB.
https://thebarentsobserver.com/en/industry-and-energy/2022/02/platinum-miners-take-big-step-towards-digging-taymyr-peninsula
GLA

Hi Tilly
Both straight forward trades (on exchange) but I presume part of the same.
GLA

Seem to be at work on site - new satellite image
https://apps.sentinel-hub.com/sentinel-playground/?source=S2&lat=59.540409974033345&lng=58.93486361077521&zoom=14&preset=1-NATURAL-COLOR&layers=B01,B02,B03&maxcc=100&gain=1.0&gamma=1.0&time=2021-08-01%7C2022-02-04&atmFilter=&showDates=false
GLA

2022-02-04T14:19:31.783 GBX 21.783 1150000 250504.5 Off-Book AIMX P AIMX
2022-02-04T14:19:24.837 GBX 21.9 70000 15330 Off-Book AIMX P AIMX
2022-02-04T14:19:11.887 GBX 21.92 16000 3507.2 Off-Book AIMX P AIMX
2022-02-04T14:18:58.823 GBX 21.92 80000 17536 Off-Book AIMX P AIMX
2022-02-04T14:17:06.370 GBX 21.91 100000 21910 Off-Book AIMX P AIMX
2022-02-04T14:16:36.877 GBX 22 100336 22073.92 Off-Book AIMX P AIMX
GLA

Seems a kipper just landed - showing 1.55m spike
GLA

They having been hoovering up all of the critical metals for years - Nickel last year
China's imports of refined nickel doubled to 261,000 tonnes with a marked acceleration over the second half of last year.
https://www.zawya.com/mena/en/story/Chinas_metals_imports_boomed_in_2021_so_did_its_exports_Andy_Home-TR20220203nL8N2UE64XX1/
GLA

Another short closing yesterday
03-Feb-22 14:18:11 21.13 132,651 Unknown* 0.00 0.00 28.03k O
03-Feb-22 14:18:11 21.13 -132,651 Unknown* 0.00 0.00 -28.03k
GLA

Bank of Russia Approves Atomyze as First Digital Asset Issuer
Atomyze, a tokenization startup by the mining and smelting giant Nornickel, has gotten the green light to issue tokens backed by metals in Russia.
https://www.coindesk.com/business/2022/02/03/bank-of-russia-approves-atomyze-as-first-digital-asset-issuer/?outputType=amp
GLA

Sad news Les all the best, be strong.
My father has had cancer for last 8 years and medications are advancing faster than people realise so keep researching as what’s incurable today may not be so tomorrow.
GLA

I can understand the frustration Stork each time you look in the mirror and say 'why'. Your short may currently be 7k in profit but if you hadn't traded you would be a millionaire - all the best
GLA

That maybe correct Stork but you average now is 28/29p @ £1000 a point. Not quite the same as shorting from 40p - all the best
GLA

Apparently sold 500k yesterday as convinced Boris has started a war
With her 500k and 1st Time selling no one else could have sold anything yesterday in the volume - make of it what you want!
GLA

Hi Mac, ROFR imo need to be in place to draw a line in the sand. Take NKT extension and any others that may appear, can’t just keep waiting for the licence transfers etc to conclude or we will never get to treasure island!
GLA

‘We see the greatest supply risks in iridium and scandium – due to the very high demand on the raw material markets from water electrolysis alone,” the BGR’s Mineral Resources Agency (DERA) said in a report.’
https://www.euractiv.com/section/energy/news/metals-needed-for-hydrogen-production-could-get-scarce-german-authority-warns/
GLA

Hi Mac, so what is your thoughts of which assets are for sale - just MT and NKT?
Different to selling Kola Nickel as per RD tweet
https://mobile.twitter.com/RichardDugdale3/status/1488172764049596422
GLA