Member Info for del929

KoC; “At least Kira outed him but she's changed sides more times than the Italians so I'm not sure if she is part of it too”
Didn’t Kira name him? I’m sure it was something like (Graham/Graeme McHardy) & say he was a director of an investment company in Aberdeen that eventually went bankrupt? She also claimed she’d met him on several occasions. I assumed she was originally part of that group (hence the knowledge) and they’d had a major fall out!

Fr.Jack.Hackett; excellent post and I 100% agree with your thoughts. I note the BOD changed the wording on the 30 Sept to DFS completed by end of 2022. I hope submission is an immediate thing or would the BOD have to review it first and possibly request any amendments to WA before submitting it?

That’s a very good sign, let’s hope it’s a successful route, it certainly seems to have started well.

Lenoman; it certainly does pose the question what has he actually brought to the company. We know nothing can progress without the DFS and the “buyer” has been here for ages. So what does he add?

Lenoman, many thanks. Look forward to hearing what Keith has to say. Might be worth asking some of these as well if you manage to get a decent response.
1. 12th May 2021; “We are delighted to have received a proposal from a credible party that could allow us to pay a significant dividend to all shareholders” 582 days ago!
2. Rosgeo JV Licences; (1 Sept 2021) Nyud in advanced state 470 days ago!
3. Rosgeo JV JORC’s; (24 Sept 2021) due shortly 447 days ago!
4. Asset sale; (28 Oct 2021) buyers DD complete 413 days ago!
5. Binding Agreement Signed with ERDC (6 Dec 2021) 374 days ago!
6. NKT JORC; (16 Dec 2021) Work on the open pit part is in progress and the NPV of that part will be announced separately 363 days ago!
7. NYUD JORC (8 Feb draft CPR with BOD for review) 310 days ago!
8. 2 March; BOD confirm that the sanctions don’t prevent the Company from executing on its M&A strategy 288 days ago!
9. 18 May; Artem Matyushok appointed as INED to speed up the sale process 211 days ago!
10. 30 Sept; MT DFS being progressed for completion before the end of 2022.
11. 151,000,000 options are due to expire 2 May 2023.

Forgot to say, maybe it’d be more beneficial to all shareholders if you email the company Lenoman as you get replies to every email you send which I certainly don’t. I’m sure we’d all like to know what theyd say but I’d guess it’d be along the lines of read the RNS as it clearly tell us there. Unfortunately your buddy Mac seems to make things up to support his opinion.

Lenoman; Why would I ask EUA those questions as we all know the answer is we have zero Rosgeo licences and the DFS is for MT. Macs posts are misleading to say the least and I’m sure your fully aware of that fact. If you honestly believe that Mac isn’t a trader or at the very least got an agenda that’s your decision. You say to counter with facts.... I’ve asked Mac to confirm two facts but you seem to have an issue with that.

Can someone who isn’t in Macs green bin ask him if EUA own ANY of the Rosgeo licences and if he can clarify if we are getting a DFS for the Rosgeo JV or MT?

Mac; don’t you think we should focus on getting the fecking licence for NYUD first? All that’s irrelevant if we can’t get any licences!

Ragsrob; it’s been reported on most media. It’s up to you if you want to believe it or not, it matters not to me what you chose to believe. Could you enlighten me as to which one you read as clearly your better informed than me.

The way certain leaders of countries make these kind of decisions is appalling, how they continually get away with it is beyond me. They couldn’t give a flying fcuk about most people and are all selfish, power hungry leaches of society.

The whole BOD will need to go hide in Siberia if they don’t managed to sell the assets! Only so long they can drag this on for now, we’re either going to get the best RNS in the history of Aim making us all rich or one which will be devastating to all shareholders and make the BOD go into hiding from lots of totally fecked off shareholders.

Just realised that’s 1051 in the UK. I’m 2 hours ahead.

Russia dismisses 'peace proposal' and says Ukraine must accept new 'realities'
A reported three-step peace proposal from the Ukrainian president has been dismissed by Russia.
Kremlin spokesperson Dmitry Peskov said Ukraine needed to accept new "realities", including Russia's capture of Ukrainian territories.
Yesterday, Ukrainian President Volodymyr Zelenskyy called for G7 leaders to provide military equipment and support for financial and energy stability, as well as backing for a peace solution.
This peace proposal would start with Russia withdrawing troops from Ukraine, Mr Zelenskyy said.
Moscow has repeatedly said it is willing to hold peace talks, but appears to refuse to budge on its terms - which would include retaining captured territory.
Meanwhile, Ukraine has refused to cede this territory to Russia and says its opponent should leave all parts of the country.

I’ve had an email response from the BOD ref the updates, they’ve basically said they are aware shareholders are expecting news on several items and this will be given when “considered appropriate”
1. 12th May 2021; “We are delighted to have received a proposal from a credible party that could allow us to pay a significant dividend to all shareholders” 580 days ago!
2. Rosgeo JV Licences; (1 Sept 2021) Nyud in advanced state 468 days ago!
3. Rosgeo JV JORC’s; (24 Sept 2021) due shortly 445 days ago!
4. Asset sale; (28 Oct 2021) buyers DD complete 411 days ago!
5. Binding Agreement Signed with ERDC (6 Dec 2021) 372 days ago!
6. NKT JORC; (16 Dec 2021) Work on the open pit part is in progress and the NPV of that part will be announced separately 361 days ago!
7. NYUD JORC (8 Feb draft CPR with BOD for review) 308 days ago!
8. 2 March; BOD confirm that the sanctions don’t prevent the Company from executing on its M&A strategy 286 days ago!
9. 18 May; Artem Matyushok appointed as INED to speed up the sale process 209 days ago!
10. 30 Sept; MT DFS being progressed for completion before the end of 2022.
11. 151,000,000 options are due to expire 2 May 2023.

Well said Mac, banning all those who constantly post ****e would be a great benefit to all genuine holders. Who was it who was constantly spouting about Nov been a massive month with the DFS completed & submitted? Things like that are of no value to anyone huh

Mac; your quote is from RNS 29 June 2022;

MT Definitive Feasibility study on schedule for submission in 2022.
Id suggest the RNS on 30 Sept 2022 is more realistic now; Monchetundra Definitive Feasibility Study being progressed for “completion” by the end of 2022.

Note they’ve omitted the bit ref submission in good old EUA BOD fashion to give us something to try figure out for ourselves!

Clarification as to the status of the DFS would be nice, I’m assuming it’s now the 30 Sept RNS which states completion with no mention of submission!

RNS 1 Sept 2021; The Monchetundra Definitive Feasibility Study (DFS), contracted to CKE and EMR (both defined below), is in the final stages of its development further to the successful completion of geotechnical and other studies performed by Gipronickel (an engineering arm of Norilsk Nickel) as well as an audit by Wardell Armstrong International.

29 June 2022;
1. MT Definitive Feasibility study on schedule for submission in 2022.
2. The Company continues to progress discussions with regard to the potential sale of its assets, appointing KPMG Russia as agent in May 2022, and has set aside sufficient funds to complete and submit a Definitive Feasibility Study for the Monchetundra project in November 2022.
3. The Group has spent £682,419 on a development programme for the Monchetundra asset during 2021 and has budgeted a further £527,000 for statutory reporting on this asset to November 2022, keeping the asset in good standing while strategic options for the project's development are considered.

30 Sept 2022; Monchetundra Definitive Feasibility Study being progressed for completion by the end of 2022.

Now Putin has publicly stated the SO in Ukraine could be for a long time, I wonder how long the BOD intends to maintain its silence? The DFS is key IMO.
1. 12th May 2021; “We are delighted to have received a proposal from a credible party that could allow us to pay a significant dividend to all shareholders” 575 days ago!
2. Rosgeo JV Licences; (1 Sept 2021) Nyud in advanced state 463 days ago!
3. Rosgeo JV JORC’s; (24 Sept 2021) due shortly 440 days ago!
4. Asset sale; (28 Oct 2021) buyers DD complete 406 days ago!
5. Binding Agreement Signed with ERDC (6 Dec 2021) 367 days ago!
6. NKT JORC; (16 Dec 2021) Work on the open pit part is in progress and the NPV of that part will be announced separately 356 days ago!
7. NYUD JORC (8 Feb draft CPR with BOD for review) 303 days ago!
8. 2 March; BOD confirm that the sanctions don’t prevent the Company from executing on its M&A strategy 281 days ago!
9. 18 May; Artem Matyushok appointed as INED to speed up the sale process 204 days ago!
10. 30 Sept; MT DFS being progressed for completion before the end of 2022.
11. 151,000,000 options are due to expire 2 May 2023.

What is the cash burn, I’m assuming no more payments needed for DFS etc so is it just staff wages and operational costs at WK?