Member Info for Chrysalis1

Surprised that there hasn'tbeen more interest in Oranolio's link here. Not sure about the other areas of "completed work" but POAZ is defo ours where they state "As a result, the potential industrial significance of the Poaz ore occurrence was proved,"

Not sure how old this is but that's good news isn't it ????

https://rosgeo.devyanin.online/projects/monchegorskiy-rudnyy-uzel/

Thanks CAW1 for sharing this as I am not on Twitter ......... but full Kudos to Richard.
The BOD are certainly not resting on their laurels and I feel that an update is due soon.

My personal view is that the deal is still some way off a final announcement and that there will be a series of orchestrated smaller but significant RNS drops first to walk the share price up prior to the big drop such as license transfers, JORC etc. This based solely on no factual evidence whatsoever so please don't ask, but just my gut feeling.!!!

Think you'll find you cannot get AZ anymore in the UK. Make of that what you will.

Nice post ethio, I'm also thinking Norlisk for all the reasons you've stated. Makes sense, ..... ffs it wasn't so long ago that EUA even released a picture of the Rosgeo JV progress pointing out the Norlisk processing plant in the background!!!!!

Is it not strange that in all the news and RNS's that we have had, that whilst all the major companies we have engaged with have been mentioned, Gipronickel haven't. I find this bewildering considering the amount of work they are doing for us (or perhaps others). Coincidence or not, Gipronickel are owned by neighbours Norilisk Nickel as described below from the Amur Minerals interim report:-

Revenue is based on a conservative nickel price of US$ 13,300/t (US$ 18,600/t today) and a copper price of US$5,960/t
(US$ 9,260/t today). Metal recoveries derived by Gipronickel Institute (a wholly owned subsidiary of Norilsk Nickel)
are anticipated to be 73.5% for nickel and 52.3% for copper based on a nickel cut-off grade of 0.3% nickel.

Norilisk has to be one of the interested parties surely ?? They're definitely big enough.

Just noticed that on the Frankfurt Exchange, Eurasia mining jumped nearly 18% last Friday, whilst here we saw less than 1% rise. I'm no expert on these things, but from past experience (eg: Carnival Corp) I have found that dual listed companies tend to rise and fall in tandem. Since the Frankfurt Exchange finishes before the LSE I find it curious that there should be such a wide differential???

Is Tilly a filly ??????!!!!! Think you might be less disappointed backing Septic Lil ??

Meant to include, that it is important to bear in mind that once above the 26.5p level and the institution(s) feel they are safe to exercise their warrants at 26 and 26.5p this will then virtually double the cash that EUA currently has in its account.

Plumshare

A valid point and I suspect that unchecked the share price may will drift downwards.

That said, I would hope that after the reaction from the May 20 placing and the subsequent warrants attached to all intents and purposes being un -excercizable; that the BOD would be astute enough to engineer this placing at a time where they can shortly follow it up with a decent RNS to prop up the SP.

It is my opinion that the BOD didn't like the SP dropping below that 26.5p much. I therefore would not be surprised to see some kind of significant news fairly shortly, All IMHO of course.

Does seem very coincidental. They make the caveat in today's RNS that the proceeds are primarily for furthering the Rosgeo JV. Out of interest, is there anyone out there who has any idea of what the $ figure is for the transfer of Nyud?

Bearing in mind that this is another placing, at an almost identical price with an unnamed different/same US institution that .....

EUA prior to the first placing were working on requiring $30M to do what they needed to do, To avoid unnecessary dilution, they were relying upon the institution at the first placing to exercise their warrants, but of course the share price never went above the 26.5p mark and hence it would have been madness to exercise them. EUA then needs to go back to the same institution after boosting the share price via the recent RNS to get themselves up to that $30M level, but have had to give away more warrants.

Just seems more than co incidental to me that twice within a few months there has been a placement with an unidentified US institution(s) at more or less the exact same price for a similar tranche of shares.

I've been using them for years. I find them pretty good when I compare them to others that my Pals use. Flat fair price per month which is offset by one free trade per month and have always found that they pick up the phone pretty quickly when needed. A lot of good information by way of the research tab as well which includes stock screener.

I can't remember how long it took to set up my ISA but I'm pretty sure it was fairly quick or I would have remembered !!!

Notice that the chart today is looking virtually identical to that of NCYT just prior to the second leg up on 13.10.20. Here's hoping it works for EUA as well.

ATB to all invested

Just noticed that this chart at this moment in time is looking virtually identical to the NCYT chart 13/10/20 before it commenced it's second leg up.

Nothing implied here but just found it interesting ............. and of course to be honest hoping for a similar trajectory :- ))))

https://www.lse.co.uk/rns/PTY/issue-of-equity-option-grant-director-shares-4mrtpaaxd5z7nvh.html

Whilst I thought it was a dead duck as we've heard nothing about them since the deal, it seems GB/DVRG still has an interest here . Would be interesting to know where they fit into the puzzle and what he's got going on there.

Not intended from my post Jambo.

I was simply trying to highlight the sheer demand for Nickel/ PGM's that exist and this from just a single company. Yet these company's that promote their green credentials need to be careful where they source their resources as it could cause them a PR nightmare down the way as Elon Musk might be experiencing now with Nornickel.

From the first article:-
Aborigen Forum’s appeal to Musk was inspired by an appeal from the Tesla CEO himself. In a second-quarter earnings call in July, Musk was asked what are the biggest constraints to Tesla’s battery production capabilities. His response: nickel.

“Any mining companies out there: Please mine more nickel,” Musk said on the call. “Tesla will give you a giant contract, for a long period of time, if you mine nickel efficiently and in an environmentally sensitive way"

Old articles I know, but I didn't realize that Tesla were already buying from Nornickel .... which of course have mines right next door to ours. Seems they aren't doing too well and might cause a political headache for Tesla. Hope Elon's heard of the next door neighbours "Eurasia" ............. by all accounts much more environmentally friendly as well

https://grist.org/justice/russian-indigenous-communities-are-begging-tesla-not-to-get-its-nickel-from-this-major-polluter/

https://www.culturalsurvival.org/news/indigenous-activists-demand-tesla-stop-buying-nickel-nornickel-russia

My fag packet Guess at outcome:-

Only Monchetundra and flanks sold for Circa 2B as hinted at in ACF report. Equates to circa 70p per share.

Dividend of 60p per share paid to holders .

Remaining 10p per share (circa 285 Million) kept back to fully fund development of Rosgeo. Compared Horizonte Minerals here who are looking for 300M to fund their Nickel mine up to production.

Share price rises to 90p dropping to 25p ex dividend date for fully funded J/V left over (based on complete and utter wild guess).

All in the humble opinion of someone who knows diddly squat about mining PGMs.

Worth reading. Love him or loath him you cannot deny he puts a lot of work into his research

https://www.powerof78.com/2021/07/26/eua-kola-subsidiaries-ceo/

Agree that China Resources is huge, but not so sure whether they are key to roll out outside China. Bearing in in mind the Q&A re data protection/national security, how keen are western countries going to be bringing in kit made in China (Think Huwawai). My guess would be that this is where dell fits in since they have the tech and I would imagine the manufacturing capability.