Member Info for Chrysalis1

I am surprised that Essar is allowed to operate in the UK. As far as I can make out 49% of it is still owned by Rosneft unless they sold their stake at some point.

A long shot perhaps, but also of all countries Japan is not so adverse in investing in Russia as the west . Particularly Mitsubishi who if memory serves me correctly re-instated their 10% stake in the Sakhalin Island 2 project in August or September last year.

CTC

Again I might be wrong but I think the option period you are referring to was extended to 2nd May :-

The expiry date on 151,000,000 share options, with a range of exercise prices (the "Options") has been extended for a period of six months from 2 November 2022 to 2 May 2023 (the "Options Extension")

Been a while since I looked in as this has been in the bottom draw, so I am a bit out of touch.

As I understand it we still have nine mines under consideration which EUA has to make a decision on by 26th March 2023 which is now pretty close. From the original RNS:

"Eurasia has 24 months in which to decide whether to select some or all of the assets to develop. If Eurasia determines not to proceed with any assets, no consideration would be due beyond the Initial Consideration."

I came accross the following site. I have no idea how reliable it is nor unfortunately are there any dates, but it suggests that Eurasia mining are aquiring assets from Rosgeo.

https://pitchbook.com/profiles/company/463429-63#overview

Probably got it all wrong, but was wondering if anyone out there had any further news on this?

Many thanks in advance.

oops got the copy and paste wrong ..... here's the other link:

https://www.mining.com/chinas-palladium-imports-from-russia-rise-to-a-record-high/

Bearing in mind China is part of BRIC's and that it already has some involvement with EUA by way of the Sinosteel agreement which is yet to be triggered, I found the following two articles when read in conjunction with each other interesting.

In my opinion and it is a guess, China was/is one of the parties interested in EUA ........... no evidence to support this, purely an educated guess?

https://www.lse.co.uk/ShareChat.asp?ShareTicker=EUA&share=Eurasia-Mining

https://www.miningweekly.com/article/china-gives-platinum-major-boost-with-launch-of-pgms-centre-in-shanghai-2022-09-02/rep_id:3650

Maybe that's where the spanner in the works is then:-

You mention :
2. The Company continues to progress discussions with regard to the potential sale of its assets, appointing KPMG Russia as agent in May 2022, and has set aside sufficient funds to complete and submit a Definitive Feasibility Study for the Monchetundra project in November 2022.

https://www.wsj.com/articles/kpmg-completes-exit-from-russia-and-belarus-as-war-on-ukraine-drags-on-11654709541

Quite an interesting article here whilst we wait:

https://www.mining-technology.com/analysis/russian-gold-nickel-western-mining-sanctions-ukraine/

Whilst there are a numbe of factors not covered (Sinosteel being the obvious one) I thought this was an interesting, easy to understand and generally acurate reflection on where EUA stands today.

https://total-market-solutions.com/2022/10/eurasia-mining-plc/

An interesting article here:-

https://www.mining.com/web/eu-us-step-up-russian-aluminum-nickel-imports-since-ukraine-war/

I seem to recall they use a cypriot account

Probably just coincidental, but interesting that all this volatility is occuring just days before the Nornickel AGM :-

Moscow, April 22, 2022 — The Nornickel Board of Directors, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has recommended for the Annual General Meeting of Shareholders (AGM) approval the final dividend for the financial year 2021 in the amount of RUB 1,166.22 per ordinary share (approximately USD 15.55 at the RUB/USD exchange rate set by the Russian Central Bank as of April 22, 2022). The final dividend will amount to a total of RUB 178.3 bn (approximately USD 2.4 bn at the RUB/USD exchange rate set by the Russian Central Bank as of April 22, 2022).

The Board of Directors has set the AGM date on June 3, 2022, the AGM record date on May 11, 2022 and the dividend record date on June 14, 2022.

Nornickel don't want an anouncement to rain on their parade maybe???

From DEC 21:-
https://www.consultancy.eu/news/7176/nornickel-to-add-thousands-of-new-jobs-as-it-boosts-investment

Then courtesy of LB post their presentation tomorrow

Nornickel via their subsiduary Kola MMC are hosting a mining and Exhibition in Monchegorsk from tomorrow up until the 20 May. On the first day they are presenting onthe development and modernization of the company (Kola MMC).

Kn51 – ??????????, ??????, ??????????. ???????
Kn51 – ??????????, ??????, ??????????. ???????
13 May at 10:58 am
? Mining and Metallurgical Exhibition to be held in Monchegorsk ?

III specialized exhibition "Metallurgy. Mining in 2022. Technology. Equipment. Special equipment” will work in Monchegorsk from 18 to 20 May.

The partner of the three-day exhibition was Kola MMC, the organizer was Quadra Logic.

?? On the first day of the exhibition, on May 18, a plenary session “State Priorities for the Development of Non-ferrous Metals” will be held. Among the planned reports is a speech by a representative of the Kola MMC on the development and modernization of the company.

?? On May 19, the conferences "Equipment and metallurgy" and "Technology and equipment in mining" are scheduled.

?? During all three days of the exhibition, the work of specialized specialists with representatives of companies and the so-called contact exchange is planned, including round tables with the participation of the department of the chief mechanic, repair service and procurement department.

Suspension could be the result of many things good or bad which I certainly don't have the Kahoonas to predict. The timing if good news however would be VERY fortuitous for those institutes holding huge amounts of shares who are going to be forced to sell out their stock within their tracker funds by May 31st before EUA is relocated to a Microcap. I'm sure Blackrock for starter would be over the moon and they do seem to have a lot of clout.

Interesting read re Russian Palladium courtesy of Dubjon from the ADVFN board:-

https://www.zerohedge.com/markets/russian-palladium-and-platinum-too-important-sanction

Amongst the doom and gloom, I was relieved to see:-

Friday, April 1 (Tokyo times)

12:42 p.m. Japan "does not intend to withdraw" from oil and liquefied natural gas development projects in Russia, trade minister Koichi Hagiuda told reporters on Friday, as it makes a choice between energy security and further tightening sanctions on Russia for the war in Ukraine. Japanese trading and other companies have invested in the Sakhalin-1, Sakhalin-2 and Arctic LNG 2 (ARC 2) projects. Each has been deemed essential to Japan's energy security.

Love him or loathe him , here is the latest take from Zak Mir:-

https://www.share-talk.com/traders-cafe-with-zak-mir-eurasias-lon-eua-great-transformation-story/#gs.pcrwkb

Going back to the original post, dC are we talking about the same secret page that the telegram group found which is new to me :-

https://www.eurasiamining.co.uk/n

Just watched again an old interview with Dimitry Suchov from October 2019, which if you haven't seen it before is well worth watching particularly since there has been a lot of noise on the board recently.

Bearing in mind that this interview was some two and a half years ago and a lot has changed since then (ie at this time Eurasia had interests in only West Kytlim and Monchetundra ex flanks) , the Key take aways for me :-

i) He says the Banks (and they are big banks) have agreed to work on a success fee basis, so that their motivation is directly linked to a successful completion of an asset transaction.

ii)Starting at 18::00 minutes in to 20:20 minutes he explains how he gauged his investment by comparing it to a Finnish operation which had a similar basket of metals as Monchetundra (ex Flanks) bought for $200M and sold still in relative infancy for $700M. Eurasia has come a long way since 2019 and added a lot of assets.

ii) At 25:50 in he is asked how long he thinks a transaction would take in regards to an asset sale. He does not provide a finite time line but does explain what is involved.

I also picked up on his statement that he said we could assume that the interested parties in a deal would be Russian. (26:15 minutes in)

https://www.proactiveinvestors.com.au/companies/news/905934/eurasia-mining-s-dmitry-suschov-discusses--strategic-options--for-its-mining-assets-905934.html

Not quite the same line of business but notice Evraz (FTSE 100) a Russian focused steel and mining business just starting to bounce up after a sharp decline Hopefully will filter through to the smaller caps or more specifically EUA.

Still feel some patience is needed here; The early bird may catch the worm, but it's the second mouse that gets the cheese.