Member Info for DavePenny

Summary Highlights:



· Further to the proposal (the "Proposal") from the credible party (the "Buyer") on the potential asset sale announced via RNS on 12 May 2021, the Buyer has informed Eurasia in writing that it has successfully completed its due diligence.



· As announced via RNS on 30 September 2021, since the receipt of the Proposal in May for the potential acquisition of substantially all of the Company's assets, additional interest from other parties is being considered by the Board.



· It is the Board's intention to advance several options with advice from UBS, DLA Piper and other advisers.





Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms.


28th October 2021.
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that we are advancing several transactions concurrently. We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale".

UK chancellor Jeremy Hunt is a major sweep of reforms to the financial sector being described as the second ‘Big Bang’. The UK Treasury said it plans to reform short selling, consult on removing the rules for capital deduction at banks and reform securitisation. There is expected to be a sweep of more than 30 regulatory reforms as the UK desperately tries to maintain its position as a key global financial hub post Brexit," she said.

Two years ago sp closed at 42p, 2nd Dec 2020 last year sp closed at 23.3p we have along way to go to catch up.

I topped up 10,000 at 3.30pm showing as a sell paid 0.0419

· Monchetundra Definitive Feasibility Study being progressed for completion by the end of 2022.

· Metallurgical testwork reports now available for compilation into the larger DFS report. New metallurgical study by SGS, Mekhanobr-St Petersburg, LIMS and Gipronickel (Norilsk Nickel's engineering arm) suggests grades, recoveries and flowsheet unchanged from the 2016 feasibility study.

Good morning Ian glad to hear you are much better, enjoy your breakfast club. Please put me down for Thursday 8th of December for next RNS my sisters birthday. Good luck all genuine holders.

Simon English
Tue, 29 November 2022 at 9:24 am
(Gareth Fuller/PA) (PA Wire)
(Gareth Fuller/PA) (PA Wire)
EASYJET soared back from Covid with booming bookings as Brits desperate to escape strikes and government austerity plot holidays abroad.

The budget airline lost more than £1 billion 2020 and 2021 as the pandemic raged and flights were mostly banned.

All airlines were hit, but easyjet was seen as especially vulnerable given its low prices and small margins.

It even faced a cheeky takeover bid from Wizz Air.

Today chief executive Johan Lundgren says easyJet will benefit from austere times.

He said: “easyJet does well in tough times. Legacy carriers will struggle in this high-cost environment. Consumers will protect their holidays but look for value and across its primary airport network, easyJet will be the beneficiary as customers vote with their wallets.”

Easyjet is still loss making, down £178 million in the year to September.

But revenue rose from £1.5 billion to £5.8 billion.

The airlines says it is seeing growth at Gatwick. Sales at the October half-term and for Christmas are “back to normal” and Easter bookings look strong.

Research by easyJet shows that 64% of consumers plan to fly abroad next year. They will prioritise a holiday over other expenditure, with sales at peak periods expected to be particularly strong.

Lundgren added: ““We just had a half-term in October that was strong, we see strong demand for Christmas, for new year, for the ski season where easyJet is the largest airline in Europe to the ski markets.”

The research shows that people will cut back on eating out, new clothes and new cars to afford a vacation.

There is gossip in the industry that easyJet might fall to a bigger rival. Ryanair’s Michael O’Leary has said WizzAir and Easyjet must merge to avoid a takeover.

Lundgren said: “There is a lot of nonsense speculation out there. I would ignore a lot of those rumours to be honest.”

Lundgren added: “easyJet goes into the 2023 financial year with one of the strongest balance sheets in European aviation.”

Hope EZJ results are on a par with Jet 2 we could do with a bit of positive news onwards and upwards.

Well done CAW, Lovelyboy , Mac, great reading and much appreciated.

Good morning Ian good to hear from you I'm still here don't post much waiting for the outcome , Happy Birthday Arsenalles good luck to everyone.

The Board will take a view on the best opportunity to refine to saleable metals at a later date, meanwhile production is ongoing at the time of writing, and we look forward to updating on our electric power and dragline projects, both expected to contribute to the winter 2022/23 stripping programme."

The effect on our operations, including funding group subsidiary companies has been minimal to date. We took the decision to stockpile ore from West Kytlim at the beginning of the mining season due to our strong cash position, volatility in the market currently, and in anticipation of higher realisable sales revenue in the future. As such, despite producing 167 kg of PGM concentrate (113kg for full year 2021), we have made no commercial sales of platinum in the period, instead opting to retain this PGM concentrate, which has a net realisable value of c.£3 million for refining at a later date. The value ascribed to this concentrate is for the platinum content only and does not include any other PGMs or gold.

Still here Pompeyrod just not as excited I was 2years ago still one day could be don't bother jumping out of bed for the expected 7am RNS anymore.

Nice RNS good news and more to come onwards and upwards.

My 9,700 buy showing as a sell 8.36 am again.

I agree with your post but one day when the BOD drop the RNS that will blow them out of the water, like they did with Jub, just hope they do it soon.

Could be the motley fool advised not to buy.

Not getting excited yet we have reached pre suspension level 3yrs ago. 7p

Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased that Artem Matyushok, a high profile M&A professional has agreed to join Eurasia. The experience of Artem and his knowledge of Eurasia can significantly speed up our Russian assets sale process".



James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "We welcome Artem Matyushok on board to progress our M&A journey". Could we be getting close to this.

Kola Nickel Incorporation



Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that Eurasia has incorporated a 100% beneficially owned subsidiary, Kola Nickel LLC, following the Tier-1 Scale JORC Mineral Resource Estimate produced by Wardell Armstrong International ("WAI") at NKT, a nickel mine formerly operated by Norilsk Nickel (as announced via RNS on 16 December 2021).



Highlights:



· Nickel is now the main metal in Eurasia's basket of metals (on a Net Smelter Royalty basis) following the JORC Mineral Resource Estimate produced by Wardell Armstrong International at NKT. Work is being finalised on the high-grade veins part and the open pit part of NKT, as well as on the assaying to upgrade the resource to be separately announced in due course (please refer to RNS dated 16 December 2021).