Member Info for ceejay1awest

Horse puss, I'm heartbroken, clown

As you are aware, our Company is now in an offer period and has appointed several professional advisers including UBS on investment banking side and recently DLA Piper on the legal side to work with the Company through the sale process. This strategic decision was the culmination of many years of hard work by our team in realising the value in our projects. With the final approval of the Flanks license surrounding Monchetundra, the Company has been successful in establishing a dominant position and a first mover advantage in Kola PGM, which, coincident with developments in the PGM market, has spurred interest in the Company.

The board and executive team have now been restructured to fully focus on the sale process.

Meanwhile our mine at West Kytlim is now owner operated. Running the mine ourselves has created synergies and efficiencies particularly in the project's geological and concentrate upgrade functions. Our Definitive Feasibility Study for the project's resources, contracted to GIP (see RNS 18 August 2020) is on schedule and the new Tipil license Area (24.5km2) is aimed at further increasing the life of mine. West Kytlim is now a sustainable and long-term low cost PGM resource in the Urals, where again we have established a dominant stance.

Lastly the Company is in a strong financial position, considerably stronger than at any point in the past decade. Following the completion of the Placing with institutional investors announced in August 2020, the Company raised US$10m.

Shareholders should recognise that the process Eurasia is in now implies that the Company is very limited in what it can discuss in the public domain. Nevertheless, we look forward to updating our many long-term supporters and new members.

Appointments of Chief Executive Officer, Chief M&A Officer and Board Changes

Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits near base metal and PGM processing facilities close to the town of Monchegorsk on the Kola Peninsula, is pleased to announce the appointment of James Nieuwenhuys, formerly a Non-Executive Director, as Chief Executive Officer and Executive Director of the Company with immediate effect. Christian Schaffalitzky remains as Executive Chairman. The Directors have agreed to release Dmitry Suschov from the Board in order to allow him to focus as the Company's Chief M&A Officer on the M&A work streams with Eurasia's professional advisers.

Mr Nieuwenhuys has held senior positions including Chief Executive Officer at South African Lesego Platinum Mining Limited, Chief Operating Officer at Polyus Gold, Russian largest gold producer. James also held senior positions at a number of EPC organisations. The Directors believe that the experience of James and his relationships especially among PGM producers in Russia, China and South Africa, are beneficial for the Company in its ongoing work streams.

Mr Suschov has a successful track record of leading the strategic sales of companies in the natural resource sector including the sale of a silica sand mine and the second largest global carborundum production company to Indian Murugappa Group, the sale of a natural resource company to Danish natural resource fund, the sale of a gas company to a major Russian investment group and other deals.

Comments

Christian Schaffalitzky, Eurasia's Executive Chairman commented: "This reorganization is designed to optimise our execution team. We are delighted that James has agreed to take on the CEO role. James's focus will be to work with our advisers on the sale process. Since joining Eurasia in November 2019 after completing due diligence on behalf of a potential buyer, James has got detailed knowledge of Eurasia's assets and he is of immense help both in terms of the sale process and in terms of demonstrating to the interested parties the strength of our own management team and its capacity to execute. Dmitry changes his routine Board roles for the role of Chief M&A Officer and together with James will strengthen the management team involved in the work streams with several interested parties. We are grateful to Dmitry for his long-term hard work on the Board level over 10 years and the Directors look forward to working with him in his new capacity".

James Nieuwenhuys, Eurasia's CEO and Executive Director: "In my new capacity as CEO and Executive Director I will continue to work with our advisers on the sale process of the Company and its world class assets, Monchetundra and West Kytlim, leveraging my relationships made over more than 4

Copy and paste mistake there

London South East
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mac4671

Posted in: EUA

Posts: 6,925

Price: 31.25

Strong Buy

Platinum is flying at the minute04 Jan 2021 15:30
https://www.apmex.com/platinum-price

GLA

mac4671

Posted in: EUA

Posts: 6,925

Price: 32.00

Strong Buy

RE: Pre feasibility04 Jan 2021 12:42
Something to remember, is that Eurasia own 80% of the Monchetundra monster via a subsidiary, they can sell whatever stake of that they like to a buyer and retain a certain percentage for royalty assurance purposes. Whatever is going on with the deal, it's pretty complicated, so, i would expect Eurasia to either have some role going forward, or, a complicated royalty structure is being put in place.

GLA

mac4671

Posted in: EUA

Posts: 6,925

Price: 32.25

Strong Buy

RE: Pre feasibility04 Jan 2021 12:35
I've never been in any doubt as to where Eurasia were heading, they always tell you just enough at the appropriate times -

Flanks application

"According to federal subsoil licensing guidelines, the holder of a mining license has the exclusive right to apply for exploration licenses adjacent to state approved resources/reserves and this application shall be uncontested within a 5km radius of an approved resource."

When you witness West Kytlym expand, then it's very easy to see how Monchetundra can do the same. PFS areas are fast areas to the next planned open pits. So from the current 2 planned pits to multiple pits very easily.

GLA

mac4671

Posted in: EUA

Posts: 6,925

Price: 32.50

Strong Buy

RE: MIA Shares....04 Jan 2021 12:30
It's always great to see, little old Eurasia being added to such things at this stage of the game. There are many hungry for shares now, high in demand and metal prices are on the rise again.

GLA

mac4671

Posted in: EUA

Posts: 6,925

Price: 32.25

Strong Buy

RE: Pre feasibility04 Jan 2021 12:12
My thoughts are that they're all in on the MDA. Those PFS's are in effect government done. But, that's not really a surprise for the size of the area and the resources there, they'll need as many hands on deck as they can get.
It makes the potential deal even more intriguing, because the gov have happily moved things along nicely for little old Eurasia.
The work for Eurasia to go from exploration license to mining license at those PFS areas is very minimal, they already have their own drilling data from Anglo JV days.

First mover advantage on the area, we couldn't be in a better situation.

GLA

mac4671

Posted in: EUA

Posts: 6,925

Price: 33.75

Strong Buy

RE: Fingers crossed for the DFS news tomorrow04 Jan 2021 02:38
In fact, lets have the big one as wel

What lurks in those dark pools?

Regulatory developments have been very much on the side of the retail investor, but what about technological evolution in the way securities markets operate? Thanks to books such as Michael Lewis’s Flash Boys, the activities of high-frequency traders (HFTs) and the operation of multilateral trading facilities have become the subject of suspicion by investors and regulators alike.

It is difficult to quantify what the exact impact of HFTs has been on retail investors, but that’s probably because brokers and market makers themselves don’t know. With sophisticated algorithms and super-fast execution effectively enabling them to front-run orders, HFT teams are creaming profits ahead of other investors, although they would argue they are adding liquidity. The question is what proportion of their profits comes at the expense of the market makers on the spread and what is at the expense of investors by moving the price?

Another innovation that has been helpful to institutions as well as fast traders is the introduction of dark pools of liquidity. These enable big players to work large orders into the market without showing their hand. A large order can get filled without the offer price moving too much against the bidder. As destinations that compete for business and order flow, stock exchanges have been keen to keep pace with demand for these innovations. The LSE has partnered with large market participants to introduce the Turquoise exchange, which facilitates demand from institutional investors for dark pool liquidity.

Regulators are generally suspicious of dark pools and worry that too much order flow is being directed through them. While some participants benefit from the cloak of anonymity, many buyers and sellers prefer transparency and measures have been taken by ESMA to limit volume leaving the main order books. Only 4 per cent of the market capitalisation of a stock can be traded in any one dark pool and there is a limit of 8 per cent being traded in all dark pools.

Retail investors won’t have their orders executed via dark pools as the trades are just too small, so the impact would be limited to any knock-on effect to liquidity and pricing on main order books such as SETS. Broker Hargreaves Lansdown (HL) says the average size of trades by its clients is £6,000, so there is no instance where a dark pool would be used. When asked whether high-frequency trading has had an impact on the prices private investors can get, HL’s spokesperson told us: “Market makers have improved their systems and this has reduced the quote window time, but [there is] still plenty of time and competition to get clients best prices.”

Filter us then Silversun

Amnesia/stork,

You guys sound so desperate it's cringe worthy!

Well said Gecko!

*who

Hoochy, which you talking too? I was addressing the mad stork! Whilst you're trying to find your caps lock button, read other people's posts correctly laddie before going off on one!

At least he's an honest idiot!

If ever there was a time for FOMO, I think it's today!!

Remember we had 2 on Xmas eve

Agree Gecko,

Full of ****

Go to your bed jr, they tweeted they had left at least 2 weeks ago. We all know why they were there. To give us our multiple baggers. Too bad you won't benefit you sad little man

It's all positive IMO Happy, new or old. There is nothing negative about this company, the fact we have to wait and wait seems to get people down but hey ho, good things come an all that!

GL

Well Happy,

There has been hugely positive facts posted today and I haven't once heard you concur with them. you have a not bad amount of shares there. I would be happier (about EUA) if I were you.

You sound it right enough!

Well Happy,

If you have that many shares, you WILL really be happy soon!!

ATB