Member Info for del929

From EUA RNS 22 July 2020;

According to the information available to the Company, the ultimate beneficial owner of Queeld Ventures is Galina Pchelkina.

Does anyone have any idea who this person is?

@Saint; If Queeld are dodgy as fcuk then you have to ask the BOD why they allowed QVL to invest over £2M into the company and become major shareholders? I think things got murky when Russia took all the brothers bank, assets etc but I’ve no idea if that makes them dodgy or trying to keep their investments. Like most trusts, they are set up to hide the real owners. The only official thing ref QVL ownership I can find is this EUA RNS and I’ve no idea who they are!

https://www.lse.co.uk/rns/EUA/holdings-in-company-a7zo3f4ii0iaz9x.html

Crypto; it’s all very murky and a bit of a minefield and I don’t think anyone on here knows exactly who owns the shares at present. To add to the issues there is also this claim;

Petros Zapitis, identifying himself as a former director of Marendo Investments Limited, wrote to Link and the Company by an email of 12 January 2023. Mr Zapitis’s email stated that Marendo had agreed to buy the Claimants’ shares in the Company, that instruments of transfer had been executed, that Marendo had paid for the shares in July 2017, and that Marendo had become the owner of the shares. Mr Zapitis asked Link or the Company to issue share certificates to Marendo. Mr Zapitis’s email therefore raised questions about the ownership of the Claimants’ shares in the Company.

@Iknownuffin; given your history of claiming to know something which then turns out to be wrong I’ll be happy to wait and see. Either way how would you know if whoever is entitled to the certificates (QVL, Mispare or another) is not going to request an EGM?. I’m not saying you’re wrong, just that I don’t think you’d know one way or another, unless you work for one of the lawyers representing them or EUA which I doubt.

A week today QVL should get their share certificates, I hope they immediately call for an EGM as a major shareholder and let us vote on all of these;

Christian Schaffalitzky; Executive Chairman

Iain Rawlinson; INED

Tamerlan Abdikeev; NED

Kotaro Kosaka; INED

Artem Matyushok; INED

cs needs to go, it blatantly obvious that he’s out of his depth. can’t sell the concentrate never mind the assets. he’s fed us bu11**** for over 4 years now. if the credible party won’t offer the asking price for the assets either the bod are asking too much for them or if that’s not the issue fcuk them off for taking the p1ss but don't say they’re still at the table. why sign new ndas in june 2023? none of it makes any sense. i’ve just spoke with shiv @ yj and he said they’re still trying to get answers from the bod. it's a shambles and cs needs to accept he’s the issue here or tell us who on the bod is. speedy gonzales (artem) is a waste of a wage, it’s a matter of fact are any of them currently justifying their position?

@mikey9997; the NOMAD won’t speak with shareholders. Come to think of it nor will the BOD. I think the point herbie was trying to make is that should this go wrong the BOD will be able to walk away and leave so many questions unanswered with very little comeback.

@DR; well done on all your previous sucesses elsewhere. I remember you announcing a string of profits on various shares (after they’d made a big gain) how many EUA shares do you have now? Hopefully that 2M at such a low price will have lowered your average down. Can’t wait to see your buys today, how many are you after?

@Mizman; there could well be a buyer but the price on offer is below what the BOD are happy to accept so legally they don’t have to update us. Meanwhile as “negotiations” continue the BOD don’t need to rush as they’re getting a nice salary and don’t have to answer to anybody or speak to us shareholders. I’m hoping QVL request an EGM on 5 March as there’s far too much information getting withheld from us.

@Stonk, I bet the BOD will be very focused on this bit.

“The Company’s remuneration policy with regard to options is to maintain an amount of not more than 10% of the issued share capital in options for the Company’s management and employees which may include the issue of new options in line with any new share issues”

That might explain why 100m were allowed to expire, BOD possibly promised to replace them if a sale is agreed. Might also be a reason for them been happy with the current low SP.

Many thanks Jarv55, I suggest shareholders have a good read of that. Some highlights below, I’d prefer they focused on their communication issues rather than fecking lack of BOD diversity.

Delivering Growth

Eurasia has established a strategy designed to promote long term value and a return on investment for its shareholders

Principle 2: Understanding shareholders

Eurasia seeks to maintain open, direct and two-way communication with its shareholders through various media

Through shareholder feedback the Company ensures that it remains in touch with the information requirements of shareholders, their expectations regarding their investment, and the motivation behind their voting decisions.

Principle 6: Experience and skills

The board considers the skill sets within the current board to be sufficient for the successful running of the business, and the delivery of the stated corporate strategy and goals through the medium to long term, however further appointments may be made in due course.

No one board member, or group of board members, dominates decision making within the Board.

Principle 7: Board performance

Adhering to the Company’s strategy, achieving the Company’s goals, and maintaining good corporate governance standards are the three most prominent identifiers by which board effectiveness is evaluated. Board evaluations are not currently made public, and it is the Company’s intention to reconsider this position

Principle 8: Values

Eurasia is an equal opportunities employer, and the Board has recognised a lack of board diversity which it intends to address.

REMUNERATION COMMITTEE

Remuneration of executive Directors comprises basic salary, discretionary bonuses, participation in the Company’s Share Option Scheme and other benefits. The Company’s remuneration policy with regard to options is to maintain an amount of not more than 10% of the issued share capital in options for the Company’s management and employees which may include the issue of new options in line with any new share issues

Principle 10: Build trust

Through shareholder feedback the Company ensures that the Board’s communication of the Company’s progress is thorough and well understood

Below is what CS stated; he may well be doing amazing stuff in the background but his inability to communicate the facts clearly to shareholders will probably be his downfall either at an EGM if QVL request one or at the next AGM.

AGM 26 July 2023

“The favourite question which I get on phone calls from a couple of my long-term shareholders is; can you give us any confidence that we will achieve our ambition in the sale of its assets?

All I can say is that we're very hopeful that a sale will be completed this year and there are a number of reasons for that, but obviously because of confidentiality and I know this is very frustrating for you but because of confidentiality with the parties to who we are speaking we can not say any more than that for the moment”

RNS 7 Dec 2023

“We appreciate our shareholders' support as we continue to pursue the possible sale of our Russian assets. Our main project at West Kytlim has seen no production of concentrate through 2023. We have maintained the assets in a sale ready state. Currently, the Company is not developing further mining assets. The Board and senior executives remain hopeful of a successful conclusion to the sale of assets process and we look forward to updating our shareholders in this regard as appropriate."

Https://www.bbc.com/news/world-us-canada-68284380

@Saint; who said sell at a massive discount. CS told us it’d be sold last year so I’d think the price is already agreed to some degree. If the BODs intention is to wait 1 or 2 years to sell then you’d think they’d have the decency to maybe mention that minor fact to us and not leave us hanging. Remember how waiting to sell the concentrate has worked out though, price of metals drop, global pandemics, countries get invaded etc etc waiting is not always the best long term option.

EIE10; they could promote in-house, give a new person a bonus on completion of sale (the others are probably going to get one as well) or they could remain and take on EUA v2. To just keep CS on with his current performance and pending retirement isn’t doing us any favours.

I won’t comment anymore either, we all have opinions and want the same outcome… the assets sold asap

@Saint. BoB stated this “QVL lawyers careful, thin ice to say the least warned about this yesterday” that was my comment ref people talking rubbish.

EIE01; If CS is the best person for the job he’d not get voted out so it wouldn’t be an issue. However I believe there are 4 people on our BOD who wouldn’t be missed. Once the assets are sold then nothing, I’ll have zero interest in EUA. Obviously I’m basing my thoughts on the current performance which is shocking until they prove otherwise.

It all irrelevant anyway as QVL might not be interested in calling an EGM, that’d be there decision not mine or the TGs.

@Saint; Kipford Ventures Limited I believe are QVLs parent company and Lyudmila Ananiev wife of Dmitry Ananiev owns QVL. If anyone can come up with a genuine reason and give some facts as to why they think it’s a bad idea I’d be happy to hear it. To just say it’s a bad idea because the TG think so is not going to make a difference to me.

@Saint; Their lawyers are of no interest to the Russians, all they did was represent QVL recently in gaining new certificates. As usual people on here people are just talking complete rubbish.

@BoB; an internal EUA shareholder vote at an EGM on our current BOD would be of no interest to the Russians whatsoever no matter who requests it. If the Russians are interested in QVLs shares or any funds they receive on selling them that’s a totally separate matter between Russia, QVL & possibly Cyprus where QVL are registered.

@Lenoman; on what grounds do you agree? have either of you got facts to back it up. What have QVL done to us apart from try to get their certificates back? Not arguing, I seriously don’t know