Member Info for Crabby08

Was a distinct correlation between the liars winding down and share price rising late yesterday.

Onwards and upwards hopefully, the BoD got their support from us at the EGM last week, let’s hope it’s paid back ASAP. Hopefully when the markets shut so the likes of Billions, TBTT, TMS get taught a lesson although after the demise of JUB and TW it seems they’ll never learn.

zzzzzzzzzzzzzzzzzzzzzzzzz billions.

Spends his life on a company he doesn't believe in trying to save everyone else, from making a fortune!

TMS - Don't lie, Eurasia aren't 'burning cash'. They still have approx $6million from the $10 million from the non discount placing @ 22p in August that was fully bought in to by an ii, i'll just drown you with facts from the RNS's, such as being in the best financial position the company has ever been in. WK is now making more money than ever, even more so this season as PGM prices have risen astronomically since the end of last season, especially rhodium of which Eurasia is mining / producing.

This round of derampers talk absolute nonsense

NTTG2 - agree the BoD are looking for a sale ultimately and have received multiple non-binding offer by the January RNS that they were looking to progress to binding. There have been the developments of the Rosgeo JV & Japan connections but those non-binding offers must have been in the right ball park for the BoD to consider progressing them to binding.

Also as mentioned earlier, as of 26th March the BoD still have $6 million on hand from the 22p placement to an ii last year that raised $10 million, and that's after 500k was put forward as a deposit for the Rosgeo prospects - where i'm going with this is if DLA Piper and UBS are still on board negotiating as some argue at cost and not just on a success fee basis, Eurasia still has over half the placing money left and are either back in production at WK or very close. With regards to the FSP, if no middle ground had been found with buyers, UBS would surely have walked as they are negotiating on Eurasia's behalf and would be stuck in limbo. The fact they're still with the BoD tells me they aren't eating in to as much cash as some here imply and the length of time is down to the complexity of the deal considering:
- PGM prices flying
- EUA acquiring access to further resource
- Japan sticking their foot in the door quite recently
- Covid
- Different options that have been presented

Sorry for the spam genuine holders but I tried to pick out the key points, quickly realised they were all key points, from the BoD themselves. They can choose to ignore it but they're only lying to themselves.

The Company's existing mining operations in West Kytlim and Monchetundra will not be affected by the JV, except that the ores from the Additional Assets could be toll treated at the extension of the Monchetundra processing plant to be constructed on "turn key" basis in accordance with the signed EPC and Financing contract signed by Eurasia's subsidiary with Sinosteel. See the Company's announcement of 4 December 2019 for further information of the Company's EPC and Financing contract with Sinosteel

The Rosgeo Agreement brings a number of benefits for the Company, including:



· adding highly-attractive electric battery metals to Eurasia's metal basket (copper, nickel and cobalt on top of palladium and platinum all contained in the Additional Assets);



· partnership with 100% state owned company focused on ESG with Environmental Management System in full compliance with ISO 14001:2015 as well as Health and Safety System in full compliance with BS OHSAS 18001:2007;



· reinforcing Eurasia's best-in-class focus on ESG and exposure to long-term green trends globally, including via the application of the expanded metal basket to green technologies, in particular hydrogen energy and electric batteries; and



· enhancing Eurasia's balanced portfolio of assets which combines de-risked in-production and near-term production with long-term expansion.



Other key terms of the Rosgeo Agreement



The Rosgeo Agreement provides that Eurasia acquires 75% equity stakes in each of the Additional Assets and Rosgeo will retain 25% equity stakes in the Additional Assets (being those companies holding relevant licenses for palladium, platinum, copper, nickel and cobalt projects outlined above). Eurasia also has a call option to acquire 25% from Rosgeo after completion of the reserves audit under the JORC Code. Any engagement with Rosgeo as a contractor in relation to the Additional Assets will be on an arm's length basis.

TBTT - i'm sure you'll choose to ignore this information in this Regulatory New Service put out by Eurasia 26th March but i'll try anyway:

https://www.lse.co.uk/rns/EUA/binding-agreement-signed-with-rosgeo-664vj174ti35e5h.html

A few key extracts:

- Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that it has signed a legally binding agreement ("Rosgeo Agreement") to create a new joint venture (the "JV") with Russian state-owned company Rosgeo ("Rosgeo"). Joining forces with Rosgeo in Russia with regard to the JV expands Eurasia's world-class portfolio of mining assets on the Kola Peninsula ("Kola") ---- the palladium, platinum, rhodium, iridium and gold producing company - PRODUCING COMPANY

- Eurasia has paid an initial consideration of c.US$0.5 million of cash (the "Initial Consideration") for its share in the JV. In addition, incremental consideration would become payable under an earn-out structure (the "Earnout") in the event that Eurasia decides to proceed to develop the Additional Assets. ---- EARNOUT STRUCTURE being the key words

- The decision on whether to proceed and thereby incur all or part of the Earnout is wholly at the discretion of Eurasia. The Earnout (if Eurasia decides to proceed) will be spread over the period of the development of the Additional Assets.

- The decision on whether to proceed and thereby incur all or part of the Earnout is wholly at the discretion of Eurasia. The Earnout (if Eurasia decides to proceed) will be spread over the period of the development of the Additional Assets. 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.
The Additional Assets have a total of 104.6 Moz Platinum equivalent resources as at 31.12.2020 (source: Russian Feasibility Study ("FS"), TsNIGRI, Russian State Cadastre of Mines) according to the Russian standards and are comprised of:
· Four palladium, platinum, copper, nickel and cobalt open pit deposits, upon which Russian FS completed and reserves (according to the Russian standards) approved by the Russian State Committee of Reserves (GKZ).
Each of the four open pit deposits, which are located directly adjacent to Monchetundra, have already been studied by Eurasia with block modelling and open pits' optimisations performed by the Company. According to the due diligence done by Eurasia, the ores are suitable for toll treatment over distances of 5 to 8km with beneficiation and mineral processing at the proposed plant site between the Company's open pit deposits at Loipishnune and West Nittis.
· A further five mostly open pit palladium, platinum, copper, nickel and cobalt assets are included in the JV, where Eurasia has carried out due diligence including c.20km of exploration drilling and some 12 thousand sam

Lenoman - you raise a good point regarding the EGM and the BoD enhancing their negotiating position. If the had intentions of mining MT themselves at all, they wouldn't have waited 19 months (since the CITIC & VTB RNS) to then trigger the Sinosteel finance option as this eats in to their license up to 2038. Why waste a valuable 19 months in getting MT to production unless you have other intentions? Nothing the BoD have done this far has been by accident and they seem to have always had a second option up their sleeve which is only made public as and when it suits them.

Billion - 'Nothing but moronic rants. Nothing original of note has ever come from you. Why are you even here.' struggling without direction from his puppet master.

You must not have seen my non-moronic, original post on the qualities of Eurasia from just under and hour ago:

And all the while, UBS, CITIC, DLA Piper continue behind the scenes after at least 10 months plugging away. As of the Rosgeo RNS 26th March the company still had $6million to hand with zero debt. To reiterate a previous post...

Here's a few points about Eurasia:
- Is the company in the best financial position it has ever been in (mentioned in RNS)? - YES
- Does the company have access to approx 94moz of PGM's (mentioned in RNS)? - YES
- Are the BoD major shareholders? (And have taken shares in lieu of salaries) - YES
- Do the BoD have a proven track record in the mining, finance and legal sectors? - YES
- Are the best bank and legal firms money can buy advising Eurasia on the FSP? - YES
- Are PGM prices at an all time high? - YES
- Is the FSP taking longer than everyone (including the BoD) expected? - YES
- Have the BoD ever let shareholders down since the sales process was initiated in Oct 2019? - NO
- Is Eurasia the last non-consolidated Palladium play? - YES - plus platinum, rhodium, iridium, copper, gold, cobalt
- Do Eurasia have the lowest extraction costs due to being open pit resource? - YES
- Have Eurasia received multiple non-binding offer? - YES
- Has the share price settled 65 times higher than when the sales process was started in October 2019 - YES

Wonder where they are up to with the multiple non-binding offers, may well have a couple of binding offers by now.

Monkey70 - a clear and concise list of where the company stands regarding information from RNS's.

Boiler gang definitely working hard in synchronization the last week or so. Billions couldn't have climbed up TMS's ring piece any faster last night, like a rat up a drain pipe along with optimist. Always begs the question of why spend so much time on a company's BB when your agenda is clearly not in favour of Eurasia doing as well as possible. Do seem to have upped their game the last week or so, their puppet master must be feeding them tit bits to run with.

And all the while, UBS, CITIC, DLA Piper continue behind the scenes after at least 10 months plugging away. As of the Rosgeo RNS 26th March the company still had $6million to hand with zero debt. To reiterate a previous post...

Here's a few points about Eurasia:
- Is the company in the best financial position it has ever been in (mentioned in RNS)? - YES
- Does the company have access to approx 94moz of PGM's (mentioned in RNS)? - YES
- Are the BoD major shareholders? (And have taken shares in lieu of salaries) - YES
- Do the BoD have a proven track record in the mining, finance and legal sectors? - YES
- Are the best bank and legal firms money can buy advising Eurasia on the FSP? - YES
- Are PGM prices at an all time high? - YES
- Is the FSP taking longer than everyone (including the BoD) expected? - YES
- Have the BoD ever let shareholders down since the sales process was initiated in Oct 2019? - NO
- Is Eurasia the last non-consolidated Palladium play? - YES - plus platinum, rhodium, iridium, copper, gold, cobalt
- Do Eurasia have the lowest extraction costs due to being open pit resource? - YES
- Have Eurasia received multiple non-binding offer? - YES
- Has the share price settled 65 times higher than when the sales process was started in October 2019 - YES

Wonder where they are up to with the multiple non-binding offers, may well have a couple of binding offers by now.

....ignore the tar and feather brigade that's 200% up in 18 months as I stand optimist. Many here up a lot more.

The facts are Eurasia have access to approx 94moz when including the Rosgeo resource after excluding Rogeo's 25%. That's all you need to know.

Sandybulger - Jus pulling them up on a few things to see if they can come back with a sensible answer but it seems not. 'Rampers' mostly back up their statements with RNS & market info, derampers spout lies with no reference to any data or RNS's

Billions - you're not a shareholder so I'm not sure why you're concerned?

The RNS's do state estimates of what Eurasia have under license plus what the Rosgeo JV grants them access to with the Russian state. I'm a shareholder and have complete confidence in the BoD, they're major shareholders, their interests are aligned with us PI's. I'd say we're in the last 100m of a marathon.

If you're unsure of the BoD, why would you trust them with your shares?

Optimist - I'm sure the BoD and the bidders have a very good idea of what's in the ground and what they have access to. The BoD have received multiple non-binding offers under the guidance of UBS & DLA Piper, how would the bidders even put a bid forward if they didn't know what was there?

Bare in mind in the January RNS the BoD stated the FSP was taking longer than expected due to Covid and the complexity of the deal, plus they had received multiple non-binding offers they were progressing to binding.

Point being, the BoD seemingly didn't expect concluding the deal to run in to 2021. Some on here over the weekend said no deal to 2022/2023, absolute bo**ocks in my opinion. As a few have said, the EGM was called to get whatever the BoD are up to over the line, i've no doubt for all the right reasons.

CAW1 - very interesting and viable idea that you've posted. Would have no qualms if you are correct and would explain why the EGM was required to strengthen the BoD's negotiating position

They've can't suck the PGM's out of Eurasia's possesion though and they can't change the global deficit for at least the next 10 years

It'll have a job Long9 as its friday before a bank holiday weekend so I'll hazard a guess it'll stay at whatever the closing price is this afternoon