Member Info for Chrysalis1

Have to admit. if I got a whiff of any near term merger with MSYS with all those billions of warrants outstanding I would be out of here like a shot ............... which really would be a shame.

Latest Vox Market (Zak Mir) snippet 25th July:-

https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-all-active-audioboom-eurasia-mining-hotel-chocolat-ironridge-kromek-simec-atlantis-72dcb80/

There were intriguing snippets this week regarding Russia focused PGM and battery metals group Eurasia Mining (EUA), while the shares remain anchored around the 20p level. The first was Sibanye-Stillwater confirming it will not exercise its right to increase ownership of the joint venture it has with Generation Mining over palladium / copper Marathon Project. Sibanye-Stillwater has continually been active in PGM and battery metals acquisitions recently. At the same time comparisons were being made between the Marathon Project and Eurasia’s flagship Monchetundra asset. EUA’s project has an IRR of 61%, over two times higher than that of the Marathon. Monchetundra also has significantly higher NPV north of $1b even without the Flanks and without Rosgeo JV projects valued by Rosgeo at over $100b in-situ. This may well be the reason that Alexei Churakov recently bought back his entire shareholding.

Tilly, please would you consider adding to your standard posting .......... Company has No (insignificant) debt. This is actually quite unusual for an exploration mining company IMHO but one which I feel is important when it comes to final valuation.

Thanks and ATB

ATB

Any valuation of mine would be a guess.

Whilst old I think it's worth re-posting this guys valuation. I realize he is to all intents and purposes just another poster, but he seems very well versed in all things EUA. Also worth going through the updates in his archive at the bottom of the page from April through to July. Makes an interesting read if nothing else and certainly the most well thought out guess at a valuation I have seen so far.

https://www.powerof78.com/2021/03/

I might be wrong, but if you are in it for the end game (final sale/Dividend) and believe it is going to happen, it doesn't really matter what the share price is: 1p or 50p. The sale is going to be divided up amongst the shares in issue no matter what. What matters is the quantity of shares you hold when that final RNS is dropped.

Share your concerns there Goldfinches. I must admit I raised an eyebrow whilst watching the Proactive interview and GB mentioned that the delay in the signing of the China resources J/V was due to the J/V having to be modified into an 'alternative mechanism that suits all" ..... whatever that means !?!?!?!?

That said, I think this is a little gem of a company with the possibility of phenomenal growth in their three different and separate projects PD, BT and Labskin/Skintrust if they can pull it off. I was pleased to hear that Skintrust kits will be hitting the local drug store shops soon after the android app is released. Fair play to GB, I think he has done a great job thus far getting all the pieces in place and with some very big players.. Lets hope he can keep the momentum up and convert it into similar sized contracts. That is what is going to shift the share price North.

I am considering increasing my holding here but the one thing that is holding me back is the lack of significant institutional investment. As far as I can tell, only Helium hold a significant amount and in fact the minnow MSYS appears to have more interest. Bearing in mind the significant increase in revenue last year and the forward guidance for this year, my dilemma is; is it a case that institutions haven't cottoned on to this one yet .... or something else. that I have overlooked?

At any rate, an exciting few weeks ahead I feel.

ATB

Trills,

Re your initial post on this thread:-

"This doesn't seem to have caused much excitement. Will we see an agreement with an American company soon that will do what EPS will be doing in Europe?"

So we have China Resources for China/Asia, EPS for Europe, so I agree that it is highly likely that there would be a J/V with a US company for any US rollout. EPS is too small and I can't see the yanks allowing the Chinese to go anywhere near their critical infrastructure and more so their data which would be deemed as highly sensitive.

I'm probably way off the mark as it is difficult to second guess GB but there does appear to be an obvious candidate.

Anyone for Dell?

According to the RNS they already handle/look after the data, they are already partners and certainly they have the manufacturing capacity and distribution clout t to make it happen.

My guess anyway

As I read it, they have just turned the Rosgeo opportunity into a bonafide asset with a dollar value now attached to it. This whilst still working on the sale of significant assets which this could now be deemed as being part of. It's good news imo

Many thanks and much appreciates OSF and GFG

As I am not to swept up on Sales. mergers and acquisition rules.

If an RNS lands announcing part sales of assets and the announced possible special dividend: Will that dividend be paid/worked out on the current shares in circulation or on the company fully diluted.?

IE would our US institution have to exercise their warrants before the announcement of a dividend not to miss out or would they still have time do do so after the event?

Thanks in advance

C

From a technical point of view, at the end of today's trading we could be seeing the classic formation of a Morning Star candlestick pattern which would herald a major bullish reversal of trend. For confirmation, looking for white candlestick tomorrow with higher volume for confirmation before hoisting the mainsail.

Fingers crossed.

Following this RNS, my rather simplistic analysis of the story so far is that after initially telling everyone that they were selling the company and announcing the FSP, they then had the opportunity to JV with a major by way of Rosgeo who were obviously impressed with what EUA had achieved thus far.

Bids and offers made but none made to capture the value of the vast potential resources within the Kola project. Decision made to prove up the Kola reserves with a view to either mining in JV or selling when proven and working. Hence EGM and funds now available via an institutional placing, who were quit happy to pay current market price for them.

Proven and working assets to be sold, leaving shareholders with hopefully a tasty dividend and in addition all their shares which are now invested in a fully funded mining operation in one of the largest regions is Palladian deposits.

My humble opinion only but none the less still comfortable here with my investment.

GLA

Forgot to add the important bit. If the credible party's preference is to take all the company's assets, then the threat of Eurasia going alone and keeping the jewel in the crown by way of Kola ; having now proved that they have the finances to do so by way of shareholder support from the EGM to monetize additional equity, then this may well be the lever to get them to pay top dollar.

Either way I am comfortable with my investment here and feel the BOD know what they are doing.

ATB

Been invested here for a while and enjoyed the nautical banter from Commodore Tilly and his motley crew which certainly lightens things up here.

I've read through the RNS about ten times now. Whilst it is confusing in so far as:-

i) I n the first paragraph and main statement the company states they are now focusing on a sale of substantially all of its assets from a credible party (after having received a number of proposals)

It is only when you get to the Exec officers final qualified comments that,

Ii) they tell us they are focusing on creating the ongoing opportunity by developing the KOLA J/B project.

There are multiple references to bidders and proposals in the plural throughout the RNS to suggest that there was indeed substantial interest.

My view is, that whilst the RNS is unclear and contradictory to a certain extent that the sale of all or part of the company is pretty much on the cards.

It would seem to my way of thinking, the predicament is, whether to sell all of it or a partial sale with a view to creating greater value from the KOLA assets which as yet have not been maximized.

From the BOD"s point of view I suspect they are very aware that their investor's expectations are for a full sale and then sharing out the loot which up until now appears to have always been the plan. On the other hand however, since the Rosgeo JV and as now expressed by the Executive Officers it is probably to go down the route of the partial sale and build a business from it's remaining assets.

Either way, it would seem that there are two separate acceptable and distinctive offers/proposals on the table. Whilst there are still risks, in my mind whichever of these proposals are actioned there should be a significant adjustment to the upside of the current share price.

Perhaps it is intended to put the proposals out to shareholder vote, skewed with a recommendation to take the partial sale and dividends by the BOD?

Just my musings of course and could be totally off the mark.

Anyone want to talk about tax?

GLA

I see our total shares are still counted at just over 173 million. My guess is that the TP exercised 7 million warrants are being fed into the market at this time. They were slated to join the share capital yesterday. That may imo be a reasonable answer for the share price movement thus far. Think our share numbers should be just above 180 M by the time the exercised warrants have been admitted. All IMHO of course.

Must admit, I sold a tranche on Friday. My thinking being that Turner Pope's 7 million warrants are slated to land on the market tomorrow. Maybe there are others thinking along the same lines and hence the reaction today. Once the dust has settled I plan to buy back as the story here is still good. Just my personal strategy ......... which could of course be a complete disaster ...... No doubt we'll see shortly.

Newuncle

Was thinking about that myself but then saw MSYS have hundreds of millions of warrants out there. Seeing what has happened here and the fact that they have all just been cleared I think I'll stick with DVRG as don't want to go through that again !!!!!!

That interview made me far more confident in my investment here. Great Stuff

Personally, I think GB should apply for the job below ............... a great collaborative opportunity and hopefully he'd have an idea of what equipment works best :- ))))

https://www.civilservicejobs.service.gov.uk/csr/index.cgi?SID=cGFnZWFjdGlvbj12aWV3dmFjYnlqb2JsaXN0Jm93bmVyPTUwNzAwMDAmam9ibGlzdF92aWV3X3ZhYz0xNzEyMTgwJm93bmVydHlwZT1mYWlyJnBhZ2VjbGFzcz1Kb2JzJnVzZXJzZWFyY2hjb250ZXh0PTEyNDA5OTA3NiZzZWFyY2hfc2xpY2VfY3VycmVudD0xJnJlcXNpZz0xNjE2OTQ5NzI2LWE0YzBlODQ0NDAwOTlhZWEwYWY2MGVkOTQ3OWQzYTg0Y2I0MzgyYWM=

T Rat. My point exactly. Fire Angel is what I would term as a Director s life style company. hence whilst turning over more than 11 times our revenue is only valued at 16M GBP with only 20 trades a day if they're lucky going through. Anyone who complains about GB s financial acumen should take a look at FA Director awards to see what is really possible, yet legal. Yet I feel the market cap V revenue is a sobering reminder of what potential is already priced in to the DVRG share price. Sure, a solid big contract will send the price soaring, but by the same token, merely meeting the guidance of 10GBP. M by FY end will see the SP closer to half of what it is now. All depends if you are confident in DVRG pulling off that elusive big one, but I think the market has now gained herd immunity to technical updates and future possiblities.