Member Info for del929

@Spikeyj; many thanks. What’s your opinion on these R&R figures?

https://www.lse.co.uk/rns/EUA/reserves-and-resources-update-yo5o2qemf1ltax1.html

With regards to drilling I think they’ve just completed this at NKT underground, I’m not sure if anything’s happening at Tipil area and WK flanks.

I’ve said for a long time the WK & MT DFS’s should be released to shareholders, maybe this will happen now CS is trying to attract CIS investors. Id think they’d want to see some more details given the fact the assets have been up for sale for years.

I agree ref the SinoSteel contract, although I have vague memories of someone saying EUA would have to contribute $50M if they activated it, maybe that’s the stumbling block there, plus the fact JN (our Mining & EPC specialist) left as soon as the MT DFS was approved! Really hope everything becomes clearer in the next few weeks in the lead up to the AGM.

@WR; too many numbers for me but it looks a decent effort. Have you accounted for the fact that we don’t own 100% of the assets. I also think Reserves & Resources values are calculated differently from each other but I’m not certain.

WK; ZAO Kosvinsky Kamen 68%

MT; ZAO Terskaya Mining Company 80%

Rosgeo JV NYUD 75%.

@Spikey; you seem to know your stuff regarding mining so can I ask what you calculate the value of all of EUA’s assets and can you please provide your calculations? It’d be interesting to compare yours to WR’s.

I have a strong feeling a MBO is the way CS is going.

Webinar 22 Oct 2024;

If there is an MBO, how long does it take before we can access our funds provided the subsequent voting for such passes?

“It's difficult to predict. We're back to the timing question, and I really can't tell you precisely how long that's going to take.

But basically, we're not waiting for events. We're just getting on with doing the job now.”

Will an MBO bypass the mandatory Russian exit taxes which appear to have been increased 17th of October from 50% to 60% independent valuation and 15% to 35% exit tax?

“Well, as I said before, we're looking at various legal options and alternatives as to how best to structure a sale or MBO or partial sale or joint venture, whichever. And we will do that in the context of getting the best possible price we can in the current environment.”

I’m not sure what he said in the more recent Webinars ref the MBO but I’m sure he brushed it off and said he couldn’t really say much, I’ll have a look in a minute.

I personally don’t think Queeld & Mispare would be involved due to their previous issues with the Russian authorities which would probably just create issues, however should they lose the court case I understand the shares go to Evgeny Vesnin and I’m sure that’d acceptable although I can’t remember who’d ultimately own them.

With regards to DS, I’m a little confused as he allowed 20 million 0.6p options to expire on 2 Nov 2023 which wouldn’t make sense if he intended to be involved with a MBO, maybe it wasn't an option for him at the time

I think/hope things will become clearer in the next few weeks prior to the AGM.

Ricardo; I’m not convinced ref a long term because CS said at the 22 Oct Webinar that the AIX was a short term goal, having said that he also said they wanted to do it asap!

“When are you expecting to complete the list on the AIX? The plan is to do so. It's a short term goal, and we want to do it as quickly as possible.”

Seriously, do you think that for one day you bunch of fecking childish tvvats could just ignore each other and not ruin the BB. It’s pathetic from all of you!

@Fairtrade; I agree ref Trump. Did you have a look at the details from the other post ref Ladrov/Rubio meeting. It’d be interesting to know what Russia have suggested, I’m hoping that along with Trumps statement ref Monday is a sign that things are happening behind the scenes 🤞

@Mjd2020; thanks.

No idea if this announcement on Monday will be good or bad so let’s see what happens and hope it’s good. There was a post yesterday about something Russia proposed to the USA but it probably got lost amongst all the childish petty posts.

https://news.sky.com/story/ukraine-war-putin-trump-latest-live-zelenskyy-attack-moscow-12541713

@BOB & Punter; there’s probably quite a few people who would be willing to replace CS. Someone with M&A experience and decent communications skills would be a good start, I’d hazard a guess DS will know a few suitable candidates. Who knows new blood with a record of achieving asset sales might actually boost the SP as will all the AIX investors due to come in imminently. CS could possibly stay on in an advisory capacity, after all he's got 95M reasons to want to see the assets sold. To keep someone in a position just because we have no idea if any one else is lined up to replace them isn’t a very forward way of thinking.

I’ve stated my opinion on CS’s performance these last few years and he has until the AGM to change my mind, I think that’s reasonable and I’m positive I’m not the only one thinking along those lines. I’m sure CS is fully aware that his re election is not guaranteed atm hence the long period of notice before the AGM.

July 2023 AGM

To re-appoint Christian Schaffalitzky as a Non-Executive Director, who retires in accordance with Article 47.1.1 of the Company's Articles of Association, having been appointed by the Board since the last annual general meeting of the Company

For 869,978,019 68.48%

Against 400,362,328 31.52%

@Trowtech; I can’t find the first time AIX was mentioned, but here’s what I do know.

Webinar 22 Oct 2024; Now moving on, a number of questions around dual listing. When are you expecting to complete the list on the AIX? The plan is to do so. It's a short term goal, and we want to do it as quickly as possible. But bear in mind that there are counterparties that have to be looked after locally to make sure it can be done efficiently. Thank you. Is the strategic investor that Eurasia has been engaging with planning to buy shares on the AIX or via open market purchases? I don't feel I can comment on that just at the moment until the transaction is completed.

RNS 17 April; There are no remaining compliance conditions for Eurasia to satisfy and the process is progressing towards completion, with trading on AIX expected to commence during Q2 2025

Webinar 22 May; We will be publishing what is basically a seven page almost box ticking document that's required by the Astana Exchange, which will be published both in London and in Astana simultaneously. And that but it's not a prospectus in the sense that it provides new. It's largely based on last year's annual report. So there won't be any new, improved information that will come out in our own annual report, obviously, which will be due in June this year.

RNS 27 June; As announced previously in relation to the dual listing on the Astana International Exchange ("AIX"), there are no remaining compliance conditions for Eurasia to satisfy and the process is progressing towards completion, with trading on AIX expected to commence following the publication of the Company's annual results for the year ended 31 December 2024, which are due to be announced on 30 June 2025.

RNS 2 July; The Directors are delighted to appoint SkyBridge Invest to assist us in the final stage of Eurasia's dual listing on Astana International Exchange in Kazakhstan, which is now imminent. We are looking forward to further updates very soon".

@GLD2; what will you do at the end of the year if things are still the same? If CS is re elected I believe it’ll be for another 3 years. I honestly thought he had another year before he needed re electing so imo it’s possibly a good sign that he’s very confident that positive things will happen before the AGM, maybe I’m clutching at straws. Only time will tell, he really needs to sort out his communication either way!

I received an email from Halifax yesterday, has anyone spoken with them yet? Last year they told me if I register my vote in advance through them I'd not be able to get access to the online AGM. Just wondering if it’s the same this policy this year?

“Tell us how you would like to vote.

We can place the vote on your behalf - this is known as a proxy vote.

· Click reply to the e-mail before marking the resolutions.

· Mark your resolutions with an X.

· Only select one box per resolution.

· Any you leave blank will be submitted as Abstain.

· Selection of more than one option will also be counted as Abstain.

If when replying you have any trouble adding an ‘X’ to the tables below, please can you reply to the email with your instructions - for example, “I would like to vote for/against all resolutions”.

To be valid this table must reach Halifax Share Dealing no later than 13/08/2025.”

@Cryptochump; I’ve never ran the Facebook group. I’m in it and can't even remember who started it as hardly any posts on there in ages.

Taken from RNS way back in 24 Sept 2921;

Let’s pray “imminent” is quicker in CS’s vocabulary than “shortly”

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

“The financial position of the Company is sufficient to accomplish its commitments in relation to Rosgeo JV, where a JORC resource by Wardell Armstrong is to be announced shortly”

@WR; we’d all like to think so however CS has history for dragging his heels on most things so I’d not bet my mortgage on it just yet! Can anyone remember when CS first mentioned the AIX dual listing? This is all I’ve got in my notes.

Webinar 22 Oct 2024; Now moving on, a number of questions around dual listing. When are you expecting to complete the list on the AIX? The plan is to do so. It's a short term goal, and we want to do it as quickly as possible.

But bear in mind that there are counterparties that have to be looked after locally to make sure it can be done efficiently. Thank you. Is the strategic investor that Eurasia has been engaging with planning to buy shares on the AIX or via open market purchases? I don't feel I can comment on that just at the moment until the transaction is completed.

RNS 17 April; There are no remaining compliance conditions for Eurasia to satisfy and the process is progressing towards completion, with trading on AIX expected to commence during Q2 2025

Webinar 22 May; We will be publishing what is basically a seven page almost box ticking document that's required by the Astana Exchange, which will be published both in London and in Astana simultaneously. And that but it's not a prospectus in the sense that it provides new.

It's largely based on last year's annual report. So there won't be any new, improved information that will come out in our own annual report, obviously, which will be due in June this year.

RNS 27 June; As announced previously in relation to the dual listing on the Astana International Exchange ("AIX"), there are no remaining compliance conditions for Eurasia to satisfy and the process is progressing towards completion, with trading on AIX expected to commence following the publication of the Company's annual results for the year ended 31 December 2024, which are due to be announced on 30 June 2025.

RNS 2 July; The Directors are delighted to appoint SkyBridge Invest to assist us in the final stage of Eurasia's dual listing on Astana International Exchange in Kazakhstan, which is now imminent. We are looking forward to further updates very soon".

Https://www.afr.com/world/asia/china-snaps-up-mines-around-the-world-in-rush-to-secure-resources-20250706-p5mcwx#

Interesting read up until I saw quotes from John Meyer at SP Angel.

@GLG2; CS is the Executive Chairman, if he’s struggling to cope with everything then surely it’s in his (and shareholders) best interest to delegate some responsibilities to other members of the BOD & the Company Secretary. If they can’t assist or are too busy then he should be asking are they the right people for the position? Who recruited them, oh yeah it was CS. As a very final measure, he has the option to employ someone else. FFS most 17 year olds could do basic computer stuff for him for a minimum wage. Getting things right first time would save them lots of time, hassle & stress and more importantly not make the company look amateur at a time when he’s supposed to be targeting investment from Russia, China & Kaz.

@OSF; I didn’t expect to see CS up for re-election either. Maybe they were using an old copy and hadn’t got round to deleting that section. Who knows, it’s EUA so just about everything & anything is possible.

@GrandQ; I think you’re correct, but that should be the norm.

@Mont; yes the 14 days was on it as well. I think it’s been on it the last few years though.

@Lovelyboy; new auditors as well according to yesterday’s copy. Have you found today’s version? I can’t find it on the EUA website, called the numbers on the RNS, EUA is answerphone, YJ says number not in use! Never a dull moment with this company. I genuinely think CS or is it the company secretary has got no idea when it comes to admin!