Member Info for del929

@Crypto; I think it’s $26.5m for the Sinosteel although I’m not convinced they’d want to proceed with it (sale is the priority) I think mentioning Sinosteel is CS’s way of saying to anyone interested that we can go it alone if we really have to. He’d previously mentioned US interest in the region and we know they are concerned with the Chinese monopoly on metals so that’s maybe his tactics.

Funding, we could sell WK, potentially get circa £8m income from warrants if the SP increases and the sale of potentially 700kg of metals at WK (unconfirmed and no idea on costs to get the concentrate processed to metal)

Lots of questions for the Webinar we’re waiting on!

The two RNS’s ref Rosgeo JV finances below for those who keep harping on about $26m, followed by lovelyboys response ref how they believe it was used.

https://www.lse.co.uk/rns/EUA/completion-of-us20m-financing-for-rosgeo-jv-lep1j8kkgcronuu.html

https://www.lse.co.uk/rns/EUA/completion-of-us15m-financing-for-rosgeo-jv-le23f8jnrgg8jfg.html

lovelyboy

Posts: 3,182

Price: 4.275

No Opinion

RE: Meanwhile, back to EUA5 Dec 2025 10:03

I think your answer lies here. I tracked most of it down... Posted it up in here... No one took any notice. Most seemed way to busy talking about getting taxis, bin dippers or thinking up amusing variations on 'rums all round.'

Around 80% of the missing millions likely loaned to KK who had circa £21m in loan liabilities itemised in their accounts for FY22.

https://b2book.ru/inn/6614005227-zao-kosvinskii-kamen/

Probably what funded the dragline, 20 odd km of pilons from Kytlim village up to the site, the electrical transformer installation , the movable bridge and went a long way towards the costs of the 300 acre extension of WK.

The rest went to Kola subs imo.

All loans to subs. Couldn't 100% prove it but the numbers stacked up give or take some FX differences.

From the EUA annual report for the following reporting period Pg 58...

'Advances [to subs] made in 2022 were used to acquire earth moving machinery, fund mine operating cost and exploration programme. '

ATB LB

@Crypto; you’re as bad as Spikeyj. They raised $20m & $15m = $35m. If you're going to state things at least get the information right!

@Spikeyj; Lovelyboy kindly provided the below information a week ago at 10:03 on 5 Dec, you even thanked them for it so why are you back to asking the same question 6 days later?

You claim you’ve no agenda so please explain what your motive is?

@TDT; congratulations, hopefully Spikeyj will realise $35m is very different to the $26m he’s been going on about for weeks. His research is very shoddy and he still couldn’t figure it out after numerous hints!

@Spikeyj; how much do you think 700kg of precious metals is worth?

@Spikeyj; you refused to tell me where you were on holiday a while back when you claimed to be in a different time zone when posting at am here, I think you stated it was none of my business…. So why do you think I’d answer your question?

@Spikeyj; there was never $26m placing money. If you can’t be bothered to DYOR and get your facts correct how can you expect anyone to take you serious?

I gave you a few options as to how EUA could raise the funds if they activated the Sinosteel but once again you missed it.

@Spikeyj; I thought you had a comprehensive explanation a few days ago from Lovelyboy on where the Rosgeo JV funds went? Are chosing to ignore it yet again to suit your never ending agenda? Good to see you’ve stopped claiming the Rosgeo JV raised $26m, did you figure that out yourself or did someone else help you with that too?

For Sinosteel it states “$26.5m of which will be paid by TGK to Sinosteel, representing TGK's equity contribution to the EPC (the remaining $149.5m is a 10 year loan facility at 6mLIBOR + 3.5%)” there’s a few options available sale of WK concentrate, sale of WK, sale of MT or possibly a JV. Hopefully CS will clarify everything at the upcoming Webinar then you can find your next issue to go on & on & on & on about!

@RnR, Crypto & Fairtradetub; many thanks. Hoping we get a date for the next Webinar soon as lots for CS to clarify.

Does anyone have a transcript from this Webinar that they are willing to post here. Appreciate it might be a lot of text so if possible just any mention CS may have made ref the Sinosteel agreement. It’ll save me going through 29 mins of the video. Cheers.

Gravy-train; Espen just likes to irritate & disrupt, as far as I’m aware they’ve never invested in EUA yet posts every time the SP falls! Not one to take seriously.

Espen5 who used to post as Espen35, the poster is just an irritant. Changed their user name after getting ripped apart for this classic post which showed how clueless they really are.

Espen35

Posted in: EUA

Posts: 2,554

RE: 2Ps by Friday??????2 Jun 2025 20:46

No matter which way you cut it, this is a failing share. Unlike Tommy I am not predicting 2p, as I have already seen my 4p and 3p come to pass.

A big drop is due soon though, as this share was all about the Peace, and even the press know that's not coming. As such I expect Hargreaves Lansdowne to walk soon, a 25% holder here aren't they (excuse me if I'm wrong)They are due in court soon about that whole Woodford scandal. If Landsdown lose they'll have to cough up hundreds of millions in settlement.

Once an institutional walks, that's it. 😱 Everyone else does

@Spikey; what €26m? Go check your figures

@Spikeyj; zero facts in that post I’m afraid so please review your claims and provide the correct details otherwise you’re looking like a complete liar.

The BOD also confirmed they had completed all the works they required for the Rosgeo JV.

DYOR and come back when you have the fact's and evidence to back it up.

Espen5 who used to post as Espen35, not sure I’d take any investment advice from someone who comes out with comments as stupid as this comment ref HL.

Espen35

Posted in: EUA

Posts: 2,554

RE: 2Ps by Friday??????2 Jun 2025 20:46

No matter which way you cut it, this is a failing share. Unlike Tommy I am not predicting 2p, as I have already seen my 4p and 3p come to pass.

A big drop is due soon though, as this share was all about the Peace, and even the press know that's not coming. As such I expect Hargreaves Lansdowne to walk soon, a 25% holder here aren't they (excuse me if I'm wrong)They are due in court soon about that whole Woodford scandal. If Landsdown lose they'll have to cough up hundreds of millions in settlement.

Once an institutional walks, that's it. 😱 Everyone else does.

@Broxburn68; I messaged Yellow Jersey this afternoon to ask what’s happening ref the Webinar as today’s RNS has opened up a lot more questions which I think the BOD should clarify. Shiv has said he’ll ask CS and get back to me. Trying to get any information or debate on here is pointless as every thread gets ruined.

@Spikeyj;

(a) that the RNS does not state that there will be no need for a raise

how many companies do you know that RNS things they will not need to do? That’s a fecking ridiculous statement.

(b) that the RNS does not state that they will start to build a mine,

In the theme of your thought process at (a) above, it doesn’t state they won’t build a mine either. Proof if ever it was needed of your constant negative thought process on everything to do with EUA.

“We are expecting the imminent state approval of the detailed design to allow construction to commence, further to the EPCF contract signed with Sinosteel”

(c) and I have noted that the licence expires 13 years from now.

Correct, that’s a well know & documented fact. Are you aware that Licence's can be extended.

where did I claim to be a “mining expert.

You didn’t because you’re not therefore what qualifies you to state the assets are low grade & worthless in contradiction to what the company claims?

@Spikeyj; maybe you should contact SinoSteel and give them your expert opinion on the worthless assets. I'm sure they’ll appreciate your input as they probably did zero research and just enjoy throwing millions of $’s away for the sake of it.

So who do we think knows best, Spikeyj a self claimed mining expert with yrs of posting history on an anonymous BB or these apparent clueless Chinese amateurs?

https://en.sinosteel.com/

@TD2; which part of my post was not a fact?

Obsession is an unhealthy preoccupation with someone or something, or a state of having persistent, intrusive, and unwanted thoughts, urges, or images that cause distress.

Odd; different to what is usual or expected; strange

I’d say that sums up Spikeyj perfectly. 28k posts, probably around 90% (25k) on EUA most days, at all hours of the day. They just can’t stop themselves from looking for negatives on EUA. It’s an obsession & very strange, odd or weird!