Member Info for del929

Agreed; I think this was the last comment from CS on the Rosgeo JV on 14 Jan 2026. I don’t think we ever got the details on the NYUD JORC, all we got told was the BOD had received it and were reviewing it.

What is the status of the Nyud/Rosgeo JV, are there plans to reinstate it, and what is required for

progress?

Response: Progress remains subject to the international sanctions regime applicable to Rosgeo. Any future

reinstatement would depend on potential sanctions changes following any future peace agreement

EIEI0; thanks mate and yes fully aware of the 8 Feb 2022 Reserves & Resources. However like just about everything with this company my understanding is those included the Rosgeo JV projects as stated in the RNS.

What’s your thoughts on it?

Reserves and Resources Update

“Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company is pleased to announce the reserves and resources breakdown by metals for the Monchetundra Project (Loipishnune and West Nittis deposits), the NKT area, and the projects included in the agreement with Rosgeo (as announced via RNS on 26 March 2021)”

Fairtradetub; there’s no denying the Ukraine situation has had a massive impact on the company and SP however CS & the BOD are not exactly helping the situation or covering themselves in glory with the constant admin errors, never ending legal disputes, poor decision making, false promises, failed deadlines, abysmal communications & generally very amateur management. Agreed they “may” be doing a fantastic job in keeping the company afloat (it’s impossible to know due to the communications) however from the outside looking in it’s a complete shambles on every level. Given all the above without CS giving the market some current facts & figures of MTs value to back up his statement that WK is worth only 0.3% of the companies assets it’s a worthless comment as it means zero to investors. There’s a complete lack of interest in this share and the BOD have to accept a lot of that is down to their actions or lack of them which is probably more appropriate. eg How many people invested on 1 Dec at around 5p based on CS stating the MT detailed design approval was imminent? Nearly 200 days later nothing apart from a near 50% decline in the SP.

Things should get interesting here in the next few weeks with the possible change in the Geopolitical situation, hopefully the USA & the West will start putting more pressure on Russia with increased sanctions, the drop in oil price will also help reduce Russias income. Trump has stated both Ukraine & Russia want this to end so maybe we will see some compromises from both sides and an agreement reached with the assistance of the USA.

With regards to EUA the annual report is due by 1 July, I have a feeling it’ll be delayed, which will be very convenient for CS as I’m sure he doesn’t want shareholders to see the WK mining figures for 2025 as it’ll highlight what a terrible deal the sale of WK for $9m really is, considering they’ve included the 2025/concentrate in the sale, I’m assuming it’ll also include all the equipment they recently purchased. I’m also curious to see whats happened with the repayment of the loan KK took out a while back (can’t remember when) CS will also need to confirm if they are mining the minimum amount of concentrate to maintain the licence and the cost to store the concentrate would also be good to know.

The RNS on April 20th told us “The Company is working with the appropriate parties to ensure the completion of both the West Kytlim sale and the Monchetundra detailed design completion, as announced in December 2025, as soon as practicable. The Company continues to expect that both developments will proceed as announced, and will update as soon as available.”

At NKT, work continues to advance a feasibility study to support the application for a mining licence and to plan for the integration of this work with the adjacent Monchetundra mine plan.

CS told us on 1 Dec (199 days ago) “We are expecting the imminent state approval of the detailed design to allow construction to commence, further to the EPCF contract signed with Sinosteel”

Clearly there’s an issue with obtaining state approval & possibly the sale of MT so maybe CS will advise us of the actual facts which imo should be classed as MATERIAL CHANGES which shareholders should be fully updated on.

@Spikeyj; I’m not holding my breath, I have a feeling it’ll be more like a repeat of the 2024 fiasco where once again CS excelled at progressing the company. Suspended at 2.305p so a very similar price to where we’re at today.

9th Sep 2024 7:30 am RNS Restoration - Eurasia Mining plc

6th Sep 2024 6:26 pm RNS Annual Results for the year ended 31 December 2023

6th Sep 2024 6:26 pm RNS Trade Finance Loan Agreement

2nd Sep 2024 7:00 am RNS Update regarding Annual Report

28th Aug 2024 7:00 am RNS Update re Annual Report and Financial Position

29th Jul 2024 3:30 pm RNS Update regarding Annual Report

1st Jul 2024 7:30 am RNS Suspension - Eurasia Mining plc

27th Jun 2024 4:01 pm RNS Update regarding AR and Suspension - Replacement

27th Jun 2024 3:20 pm RNS Update regarding Annual Report and Suspension

10th Jun 2024 9:45 am RNS Statement re Share Price Movement

@DShox; creativity, are you fecking serious? Our BOD didn't even have the forethought to use $USD instead of £GBP on the AIX listing. The most creative they’ve got was to decide to keep their “heads down” whilst at the same time going to court against the Russian tax authorities (add court cases against QVL, Mispare, Logik & Gowlings) having a JV with Rosgeo, working with Russian authorities on licences, technical approvals etc They get the MT DFS approved then release our EFPC specialist JN because they decided they’re not going to ever need to activate the SinoSteel agreement! They now decide to sell WK at a 95% discount having purchased a load of mining vehicles and equipment and also spent a fortune on getting it ready to mine then make the genius decision to include the 2025 concentrate which is probably worth more than the $9m we'll get for selling the assets. As a bonus we’re now paying to store that concentrate while waiting to sell WK. Our BOD are a liability in just about everything they do so let’s not get our hopes up that they’ll somehow change into Elon Musk overnight and get creative! They can’t even issue an RNS half the time without errors like getting the year wrong! The SP has decreased circa 50% since 1 Dec 25, that isn’t down to the war in Ukraine so who do we think is to blame? It’s time the BOD were held fully to account for their actions and lack of clear factual communications.

@RnR trader; thanks for the information & link you provided yesterday. I don’t blame PSB for taking the action they have as imo the sale of WK is not good business, CS never provided shareholders with anything to back up the claim that WK was at a high risk of nationalisation. The fact the BOD included the 2025 concentrate is another point that doesn’t make sense, why sell that at a 95% discount having gone to all the trouble to fight the Russian Tax authorities to get the rates lowered? CS has still not told us the mining results for 2025 and it’s net worth to EUA, I wonder why? 6 months waiting for the MT technical approval which CS told us was imminent. There’s far too many unknowns and PSB are in a position to seek answers in court so good luck to them if they achieve it.

It’d be nice if CS breaks his latest vow of silence and found the time to give shareholders a factual update. Wishful thinking I accept as historically he’s proven time and again that what he tells us invariably doesn’t materialise into reality! An explanation as to his understanding of what “imminent” actually means would be very interesting. I’m guessing it’ll be almost impossible for the BOD to get the annual accounts signed off again this year and we can look forward to yet another suspension!

WK asset sale

1. Update on the status of the sale of WK

2. On what date and did the BOD decide that WK is at risk of Nationalisation and when was this "material change" communicated to shareholders

3. On what date did the Russian authorities value WK

4. Has the Travyanaya licence been transferred to the group

WK

1. Net worth of the 2025 concentrate

2. How much will EUA write off in loan liabilities to KK

3. What are the current monthly costs for WK (including storage of the concentrate)

4. An explanation as to why the BOD decided not to sell the 2025 concentrate separately from the asset at a much lower tax rate

MT

1. The technical project approval, the RNS issued on 1 Dec 25 (6 fecking months ago) stated it was "imminent", what's changed?

2. Current status of the MT/NKT DFS & who on the current BOD is suitably qualified to oversee its implementation

3. Is mining at MT still possible by late 2026

6. Has the BOD considered approaching the Russian authorities for a current valuation to sell MT, NKT & NYUD

Other

1. Status on improving the liquidity on the AIX listing

2. Is the current BOD structure suitable to progress the company

3. Does CS still believe he can increase the SP to post war levels in the current geopolitical situation

I received this email from YJ tonight in response to asking wtf is going on with everything. I’ve no idea what to make of it but hopefully we’ll find out soon!

“We have spoken with the Company. Whilst we cannot disclose the specific details, the Company is hoping to make a statement to the market in due course regarding the latest operational activities once it has got the approval to do so.”

If after 12 weeks CS has no material changes to update shareholders on shouldn’t we be asking why?

WK asset sale

1. timescale for the sale to complete, assuming the bod are proceeding with it

2. when do the bod expect to receive the rub 546,200,000 prior to completion

3. what are the costs for legal fees

4. when will the travyanaya licence be transferred to the group

WK

1. net worth of the 2025 concentrate, cs said this information would be available in Feb/March

2. exact figure eua will write off in loan liabilities to kk, the answer previously given by cs was farcical

3. what are the 2025 & 2026 russian tax rates for the sale of concentrate

4. current monthly costs for wk, including storage of the concentrate

5. explanation as to why the concentrate wasn’t sold separately at a much lower tax rate (6%)

MT

1. technical project approval (1 Dec it was "imminent", 29 Dec CS stated "end of 2025" & then q1 2026!!!

2. update on the MT/NKT DFS & who on the current bod is qualified to oversee this

3. date for activating the sinosteel contract

4. financial contribution by eua towards the sinosteel contract

5. mining MT by late 2026 as claimed by CS, is this still possible

Other

1. what's the strategy for improving the liquidity on the shambolic aix listing

2. is the current bod structure suitable to progress the company

3. could bod’s salaries be paid in shares (shows confidence, an incentive to sell mt & saves essential cash)

4. QVL & Mispare ltd court case update

5. strategy to increase the sp to post war levels as stated by CS

6. Shouldn’t the “sales team” be on commission as opposed to a salary, they have zero incentive to sell the assets

i very much doubt we will hear from the bod as it’ll be like admitting in writing that they are as much use as a chocolate fireguard. however, if by some miracle cs has access to the internet & has someone with him to help compile an in depth, factual & comprehensive rns it’d be nice to get some info on any of these;

wk asset sale

1. timescale for the sale to complete, assuming the bod are proceeding with it

2. when do the bod expect to receive the rub 546,200,000 prior to completion

3. what are the costs for legal fees

4. when will the travyanaya licence be transferred to the group

wk

1. net worth of the 2025 concentrate, cs said this would be available to the bod in feb

2. exact figure eua will write off in loan liabilities to kk, the answer previously given by cs was farcical

3. what are the 2025 & 2026 russian tax rates for the sale of concentrate

4. current monthly costs for wk, including storage of the concentrate

5. explanation as to why the concentrate wasn’t sold separately at a much lower tax rate

mt

1. technical project approval (1 dec it was "imminent", 29 dec stated "end of 2025" & then q1 2026 (today)

2. update on the mt/nkt dfs, who on the current bod is qualified to oversee this

3. date for activating the sinosteel contract

4. financial contribution by eua towards the sinosteel contract

5. mining mt by late 2026 as claimed by cs, is this still possible or going to be yet another failed deadline

other

1. what's the strategy for improving the liquidity on the shambolic aix listing

2. is the current bod structure suitable to progress the company

3. could bod’s salaries be paid in shares (shows confidence, an incentive to sell mt & saves essential cash)

4. qvl & mispare ltd court case update

5. strategy to increase the sp to post war levels as stated by cs whilst the reality is the sp is in constant decline

the bottom line is the wars not ending any time soon and cs needs to either get his **** together or resign and get someone in who’s capable of achieving results.

Can someone please remind me what CS has stated was the BOD’s latest strategy? It’s difficult to keep up with what’s happening with the constant flow of in depth & factual updates. Yellow Jersey must have had to increase their PR team working on project EUA with all the news CS is constantly feeding them! Only last week Shiv at YJ told me CS is happy with how things are progressing at MT & WK!

Does anyone know what’s happened to the “imminent” Technical Project for MT, increasing the liquidity on the AIX listing, getting the SP back to pre war levels, selling WK for a pathetic $7,864,121.51m at todays exchange rate (the concentrate alone is probably worth more).

The war has entered its 5th years so is it time for CS & his merry men to develop a strategy based on the reality of the geopolitical situation rather than using it as a never ending excuse for the BOD’s inability to achieve anything they’ve announced. The market & potential shareholders don’t seem to be impressed with the prospects here and IMO when you look back it’s clear why;

1. The war

2. The BOD are out of their depth

3. Diabolical communications from the BOD

4. You can’t believe a word CS says

As the ceasefire is looking less likely I think it’s time for CS to give us an update on his progress (or lack of it) on selling WK.

1. Net worth of the 2025 concentrate

2. How much of the £29,005,853 "advances to related parties" is attributed to KK

3. What was the 2025 tax rate for WK

4. Legal costs for the sale of WK

5. Current monthly expenditure for WK

MT

1. Status of the "Imminent" Technical Project approval

2. MT/NKT DFS update

3. Sinosteel; will this commence immediately once the TP is approved

4. Financial contribution by EUA for the Sinosteel agreement

5. Mining MT by late 2026, is this still possible with the TP approval delay

6. Calculations to back up CS's claim that MT is worth 300 x the value of WK

Other

1. Update on CS improving the liquidity of the AIX listing

2. Who on the current BOD is suitably qualified & experienced to oversee the DFS/Sinosteel agreement (2 x BOD in Japan office, 1 x Hydrogen expert)

3. Paying BOD’s salaries in options would prove confidence, be an incentive to sell MT & save essential cash

4. QVL & Mispare Ltd court case, latest update

5. Strategy for improving the SP to pre-war levels as claimed by CS

14 Jan 2026 Q&A

What is the status of the £18m/£20m/£21m loans made to KK (or related entities), were they made directly by EUA, will they be repaid or written off, and what value has been achieved for WK in the sale context?

CS Response:

During the period of the Urals Alluvial Platinum joint venture (2001–2014), Anglo American provided funding of approximately £18 million, a significant portion of which was subsequently loaned to the operating entity.

We also had the $45m income from placings;

18 August 2020 $10,000,000 for WK

26 May 2021 $20,000,000 for Rosgeo JV

20 Sept 2021 $15,000,000 for Rosgeo JV

EUA’s “Advances to related parties”

2024 - £29,005,853

2023 - £28,880,560

2022 - £28,157,840*

2021 - £12,681,450

2020 - £8,226,176

2019 - £6,689,106

2018 - £6,252,506

2017 - £6,306,204

2016 - £5,765,654

2015 - £4,915,081

2014 - £5,352,720

2013 - £1,258,034

2012 - £1,252,617

*Advances made in 2022 (£15,476,390) were used to acquire earth moving machinery, fund mine operating cost and exploration programme.

@FrankieFallon; this is what CS stated at the Webinar on 30 Dec 2025. I’d be interested to know where you’ve got your information from as don’t remember reading it anywhere.

The question is 9 million won't go very far. It will actually, because one of the main things to say is that the Sino-Steel contract has within it various loan structures and so that allow us to gear up the development as the thing progresses.

And it was designed that way so that Eurasia wouldn't have to put a lot of money on the table in the early stages. But nevertheless, we do have work that has to be done to keep the things in development in the short term. And for that, the funds are adequate.

Things for CS to give us some news on;

Asset Sale

1. Expected date for sale to complete

2. When they expect to receive the RUB 546,200,000 prior to completion

3. Costs for legal fees

WK

1. Net worth of the 2025 concentrate

2. Exact figure EUA will write off in loan liabilities to KK. His last answer mentioning Anglo America was misleading

3.2025 & 2026 tax rates

MT

1. Technical Project approval (imminent, end of 2025 & now Q1 2026)

2. MT/NKT DFS

3. Activating the Sinosteel contract

4. Financial contribution by EUA for Sinosteel

5. Mining by late 2026, is this genuinely possible considering the TP approval delay or just CS waffle

Other

1. Strategy for improving the liquidity on the shambolic & waste of essential funds AIX listing

2. Explanation as to why we need 2 x BOD in a Japan office & a Hydrogen expert.

3. Could BOD’s salaries be paid in shares (shows confidence, an incentive to sell MT & saves essential cash)

4. QVL & Mispare Ltd court case update

5. Strategy to increase the SP to post war levels

I’m a bit confused ref what happened with the WK concentrate targets for 2025 going on CS’s communication from RNS on 28 July 25 to 14 Jan 2026 Q&A’s. Did they decide to cease operations at WK, if so when and for what reason. Shouldn't we have been advised of this fact by RNS?

The concentrate targets also went from 700kg to 400kg?

Surely it’d have made more financial sense to sell the 2025 concentrate at current tax levels (I believe 6% approx) then sell WK at the 95% discount?

RNS 28 July 2025 https://www.lse.co.uk/rns/EUA/west-kytlim-operation-update-and-aix-progress-ppolsz3o9b810qu.html

By 1 July 2025, the total advanced stripping volumes stood at about four million m3. This is 2x of the previous peak annual stripping volume achieved historically on the mine.

Four million m3 represents 80% of the five million m3 stripping target, to produce 700kg of precious metals, based on average historical grades.

Q&A 14 Jan 2026

We were ramping up the development of West Kitlin with the view to doubling our production from next year onwards. And as part of that, we were trying to get to that point during the 2025. And unfortunately we didn't do that, not because the team and the equipment and everything performed greatly, but the volumes ended up being lower than planned.

And as a result, we did not achieve the higher targets that we'd set ourselves at the beginning of the year. We more or less came in similar to what happened in 2024.

Following geopolitical developments in December 2025, the

Directors reassessed the risk profile for West Kytlim as elevated due to the potential for reciprocal

measures. Only West Kytlim is exposed to this risk.

We cannot take the concentrate, as this is legally prohibited. It forms part of the valuation of

approximately US$251 million achieved for West Kytlim for the purposes of the sale transaction, although

the applicable taxation is high.

Indicative historical operational targets (had operations continued).

Targets for WK in 2026:

Stripping = 5M m3

Mining = 1M m3

Concentrate production = 0.4 tons

I’ve just spent 55 mins requesting the IVC to attend the AGM and this is what Halifax have stated, I have to vote via them by Friday. Their Complaints team couldn’t help either, is anyone with Halifax and been able to request an IVC?

“ my voting team have confirmed we cannot offer access to the meeting..ivc is an allocated code to individual investors..our service is a pooled nominee ..so we dont have the code in question to provide...so the only option we can offer is to take your vote”

@Chess; I appreciate what you’re saying. However of CS’s estimated $9m at present it equates to around $8,270,000 and the rub is falling. I’m assuming there will also be legal, fx fees etc to subtract from that.

We need clarity on the 2025 concentrate figures, expected income for mining in 2026 & how much funding the parent company currently has & expects to need in $USD & £gbp.

To give away 95% of $251m for WK is not good business sense if there’s other options available to get funding for the parent company. But then again, this is the BOD who decided to put circa £21m from the Rosgeo JV into KK in 2022. Then spent god knows how much on the AIX listing last year!

If we vote blindly in favour, how long before those funds are gone? Yes CS stated funded till mid 2027 but gave us zero details on it.

IMO It’s impossible to vote based on the vague information provided by CS so far.

Is it a case of the asset sale is our only option?

Asset Sale

1. RUB 671,200,000 = approx USD$8,356,000 at today’s rate

2. How much of it will need to be exchanged to USD/£GBP

3. The consideration is payable as to RUB 546,200,000 prior to completion

4. The remaining RUB 125,000,000 within 12 months subject to the non-revocation/extension of certain licences at least for 12 months

WK

1. 2025 concentrate figures, on 1 July we were advised we were 80% on target for 700kg. Webinar seemed to contradict that.

2. Net worth of the concentrate to EUA (assuming it’s not included as part of the asset sale)

3. EUA will write off circa £21m in loan liabilities to KK

4. Is there a Mining Forecast for 2026

5. Is tax on the concentrate still around 6% after the case we won in Russian court

6. What tax changes are proposed for 2026 (CS stated the Urals tax authorities are not in love with us)

6. Chances of tax rules being lifted if war ends

7. If WK was a bigger risk for sanctions\tax why wasn’t MT prioritised & Sinosteel activated years ago

MT

1. Technical Project approval. 1 Dec, Imminent, 29 Dec this year, Webinar 30 Dec Q1 2026.

2. MT/NKT DFS; update

3. Sinosteel; forecast of events

4. Financial contribution by EUA

5. Is mining at MT this year realistic

6. Do we need a mining/EPC/admin specialist on the BOD

Other

1. Less than 24 hours notice for the Webinar was very poor

2. AIX listing was a complete shambles & total waste of essential cash. Increasing the liquidity, we’ve heard that before

3. Can BOD salaries be paid in shares (incentive to achieve a profitable asset sale or increase the SP)

4. Dividend policy 80%. Is this still active

5. Sandersons TFL; is this fully repaid & expired

6. QVL & Mispare Ltd court case update

@Punter1234; you speak to Spikey, Crypto & Wolfe. You even speak about them posting on another share so I’ve no idea why you think you’re in a position to question my reasons for challenging Spikeyj and pointing out where I believe they are incorrect. I know they won’t change their mind but I also feel it’s wrong to allow them to continually post unchallenged.

@Crypto; I’m no expert on DD however there’s a probability they (and others) are waiting in the background for the Geopolitical environment to improve.

@Mont; why allow people to post information which isn’t correct and possibly sway others opinions?

@Spikeyj; do you think they’d start DD before accessing the data room and having an idea on an approximate sale price? I’m sure the BOD stated they’d successfully completed their DD. Yes, your theories are possible, however it is also equally possible they are waiting to sign an agreement once the war issue is resolved. Agreed, we need much more details on everything so we can only guess on the actual facts. You’re views are negative, I’m invested and trying to remain positive.