Member Info for del929

@Tiff; that sounds about right to me if they’ve sold some of the concentrate, you’d also hope they’ll have more tax credits by now as well. It’s a bloody minefield as the comms info given are so poor, confusing & contradicting. I agree cash burn appears to average over £100k per month so why was Dec so low at around £8k including settling the Gowling case?

By my calculations they only spent £8,000 between 30 Nov & 31 Dec 2023 and by the sounds of it that included settling the Gowlings dispute, the BOD’s salaries would account for more than that surely!

Is there a difference between “Cash assets” & “cash position”

7/12/23; The Company's cash assets at 30 November 2023, were approximately £517,000. The Company does not currently hold US treasury notes.

14/12/23; The Company's dispute with its former legal adviser Gowling WLG (UK) LLP ("Gowling") has been successfully resolved, with a settlement agreed and paid. The winding up petition was dismissed by the court on 13 December 2023.

11/1/24 The first tranche payment of approximately £480,000 from the tax authorities has been transferred, and the Company's cash position as of 31 December 2023 was approximately £989,000.

Have the BOD confirmed that they are able to transfer money from the Russian subsidiaries (KK) account to their £GBP or $US accounts. I’d assume all the tax credits, income from any concentrate sold and anything else are all paid in Russian Roubles to our subsidiary and not paid direct to EUA.

@GLG; I think everyone would vote him out if we could go back and vote again, unfortunately that’s not going to happen and I don’t think we’ll get that option at this years AGM (if we ever get one)

@MaB; CS is making all the decisions as EO & CEO so who else takes the responsibility, you constantly state he’s turning down “low ball” offers of circa 40p so if that’s the case he’s 100% to blame for no asset sale. There’s a long list of things he’s not told us that he should, things he has told us which aren’t true and things that he should clarify which he won’t. We all know he’s hiding information from us, it’s yet to be seen if that’s to our detriment or benefit!

@offler; it’s impossible to know. what we do know is;

“the auditor has advised the company that approximately four more weeks will be required to complete the audit. the directors and the audit committee have assessed the matter in detail and have strong confidence that this is a realistic estimate”

over 7 weeks later and still nothing and as usual cs doesn’t see the need to give us the facts as to what the issue with the delay is, clearly the auditor, directors & audit committee got their initial estimate totally wrong which is concerning. cs is invincible and just treats us like **** and gets away with it every time.

I don’t think anyone can doubt we have some quality assets, reserves & resources etc. The question is why have the BOD not managed to receive & accept an offer for them? Is it a simple case of the buyer is having the same problem as our “Public Relations” representative Yellow Jersey and can't get a response from the illustrious CS? All joking aside, CS is the only member of the BOD who owns any shares so are the others deliberately delaying things and out voting CS on accepting any offers, what incentive do they have to agree a deal? What is DS up to, surely he’s getting as p1ssed off with all this as the rest of us, so why hasn’t he asked for an EGM with his 16% holding? No matter what’s going on behind the scenes, the communications are dire, misleading and the blatant disregard shown towards shareholders is infuriating.

i think cs has ran out of excuses and is simply delaying having to answer some serious questions to shareholders at the agm, the appointment of yellow jersey was to provide a buffer as he knows everyone has grown tired of his bull **** & lack of achieving the asset sale. the history doesn’t make good reading.

i’ve left out the court cases with logik & gowlings as i couldn’t be bothered trying to remember dates etc plus he will never reveal what they actually cost the company. i remember an update on the nyud jorc where he said they’d received it and were reviewing it but can’t find the info on it! i’ve probably missed out loads of other important things as well!

11/2/20; suspension

9/7/20; restoration of trading

18/8/20; €10m institutional placing for wk

21/1/21; wk dfs approved

15/3/21 wk dfs published. (53 days from approval)

13/5/21; received a proposal from a credible party & exited the fsp.

26/5/21; completion of us$20m financing for rosgeo jv.

24/9/21; completion of us$15m financing for rosgeo jv.

30/9/21; wardell armstrong international engaged in april for several comprehensive tasks including jorc resource audits which are almost complete and are expected to be announced shortly.

28/10/21; buyers dd complete.

16/12/21; work on the open pit part of nkt jorc is in progress and the npv of that part will be announced separately.

16/12/21; the mre under the jorc code by wai on other deposits including on nyud, another nickel dominant mine, that (like nkt) used to be in production, will be released separately.

16/5/22; suspension - eurasia mining plc.

18/5/22; restoration - eurasia mining plc.

30/6/23; mt dfs approved

26/7/23; very hopeful of selling the assets this year.

19/9/23; the board expects the wk concentrates to be sold at carrying value and we are currently evaluating offers from three parties who responded to the tender process.

19/9/23; several parties currently at various stages of their due diligence.

7/12/23; active discussions are maintained with counterparties based in hong kong and russia.

27/6/24; the directors and the audit committee have assessed the matter in detail and have strong confidence that this is a realistic estimate.

29/7/24; “its audit for the year ending 31 december 2023 is progressing and nearing completion”.

dr is a strange one, he sometimes does seem to have access to some good info but usually refuses to share it with us on here. the majority of the time he just talks absolute ****e to purposely wind posters up. lenoman is another sly one to watch out for, not one to trust at all.

@Leno; FFS, why do you want to drag me into this? I’m sure everyone remembers what happened previously but if you really want to go back through it all again it’ll be no problem for me as I certainly didn’t think I was the one who was made to look the fool.

Sounds promising, I’ve asked Shiv at YJ if he can ask CS for comment. Does anyone know if it been based in Kazakstan is a good or bad thing? I seem to remember another Russian AIM company had to move to there to sell its assets or am I imagining that?

@mac; i think the russians stopped advancing on kiev as the ukrainians were beating them. with regards to negotiations, i heard putin disagreed with zelensky's opinion on an anonymous bb & green binned him because he hasn’t got the ability to hold a discussion with anyone with a different opinion to themselves. what kind of a ******* would do something like that huh?

The first suspension was temporary as well & that lasted 5 months!

11/02/2020 7:45am

TEMPORARY SUSPENSION OF TRADING ON AIM

EURASIA MINING PLC

Trading on AIM for the under-mentioned securities has been temporarily suspended from 11/02/2020 7:45am pending an announcement.

@Jarv55; I thought they issued one to say suspending then one to confirm suspended similar to restoration on 9 Jul 2020 where the issued one at 0700 stating intending to restore then another at 0730 confirming restored! Don’t think CS is bothered about wasting money otherwise he’d not have appointed YJ to cover “PR” and would have ensured they got Thursdays RNS correct first time!

I’m sure all will become perfectly clear tomorrow when we get a full explanation in the suspension RNS, we all know how thorough CS is at keeping us bang up to date on the facts of our investment. A four week delay announced the day before the AR was due to be released is not a good reflection on the BOD. There’s never a dull day with EUA and I really hope that’s the last twist in this long running saga, having said that I’m not certain it will be!

Is it possible that the proceeds of the sale of concentrate are not in EUS’s GBP or $US accounts yet and are going to take time to transfer from the subs? Hence the funds can’t be verified by the auditors as yet.

@GLG2; a whole 4 weeks with zero SP manipulation. I’m actually looking forward to it now.

Not selling a thing, after 4.5 years it’s worth holding.

@osp; yeah, that’s what I thought but Mac seems to think different! Hopefully someone not in his bin will ask him to clarify? Maybe he’s simply got it wrong or simply mixed up with the first suspension!

Can someone ask Mac to explain we all know exactly what happened after the last one ended.

From my memory nothing happened after the last suspension ended on 17 May 2022 but I’d love to hear what he thinks. I’m in his green bin so can’t ask him.

At the last AGM on 26 July 2023 CS stated they were very hopeful of selling the assets this year. 4 weeks tomorrow is Friday 26th of July 2024. Coincidence, I think not, CS has timed the asset sale to perfection 😀 the guys a fecking M& A genius.