Member Info for del929

The RNS sounds positive but let’s be wary that we all know that CS likes a play on words as we’ve been led up the garden path a few times previously by him.

“there are no remaining compliance conditions for Eurasia to satisfy and the process is progressing towards completion”; that does not state there are no conditions left to satisfy.

“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”; that does not say the AR will definitely be released on Monday.

I’ve no idea if the new NOMAD is a positive sign, let’s hope so and that they don’t require more details before the AR or Dual listing are allowed to be released!

@Chelsea3; I really hope we get an update on the Astana dual listing and the AR before the end of June (Monday 6.30 pm is fine by me). Like you say, I don’t think anyone will be shocked if we are still asking the same questions in a month’s time! Last year’s AR 10 week delay was infuriating and sums up how abysmal the EUA BOD are at communicating and hitting their own targets!

@Cryptochump; this was from 23 Jan 2025, I have no idea if there’s been an update since then.

In my judgment it is appropriate to provide the minimum necessary aid to a foreign representative to achieve the purposes of getting in and distributing the assets of the insolvent. At this stage the minimum aid to be given to Mr Vesnin is that he be joined to the Eurasia Proceedings for the purpose of making a claim to the replacement share certificates and fully participating in those proceedings through to final determination, including any appeal. Upon joinder I shall give directions in the Eurasia Proceedings which are also before me today.

Disposal

95. Q and M had no standing to oppose the Application in so far as it related to recognition.

96. For the reasons that I have given, I will make an order recognising the Bankruptcy Order and the appointment of Mr Vesnin, the Trustee in Russia.

97. I shall give assistance to aid Mr Vesnin in fully participating in the Eurasia Proceedings. I shall give permission to apply if further assistance is required in the future.

@Spikeyj; Urals Alluvial Platinum Limited; £1,132,246. I believe this is a running total not an annual payment, I’d like to know what it’s needed for though. I’d also like to know what happens with the Advances to related parties (Russian subs) £28,880,560 when/if the assets are sold, the circa £2M received from the sale of concentrate & like you say the £5M concentrate.

@GLG2; CS just dodges questions and replaces them with new or conflicting ones. MT DFS is classic, we can’t release it now as it’s historical and we need to add NKT. It wasn’t always fecking historical though was it! IMO he’s rapidly running out of excuses and I hope more shareholders are realising it. Unfortunately there’s nothing we can do atm. If the Astana listing or AR is delayed we need to hold him to account for it, I’ve no idea how. Poor Shiv at YJ will probably get all the grief while CS goes to hide his bunker!

Here’s some of the things I’m looking for clarity on in the next 6 days/month prior to the AGM, unless we see a repeat of last years complete shambles in releasing the Annual Report 10 weeks late;

Astana dual listing; How did the CIS investors contact the BOD, was it via Yellow Jersey or are they lucky enough to be able to contact CS direct? Considering there continues to be a lack of price sensitive information on things like the NYUD JORC, WK mining, WK DFS, MT DFS & NKT upgrades, does CS seriously expect them to make large investments in the company based on the BOD’s & SP’s performance over the last few years?

41,551,563 26p Warrants; expire 30 June. A clear explanation (truth) as to how these add shareholder value to justify continuing to extend these.

Sale of £5M concentrate; is it sold? If not, is it possible to sell with no additional tax penalty if the funds remain with KK our Russian sub, what are the costs to store it in a secure facility?

WK mining; has this re- commenced, do we now have 6 wash-plants and is there a mining plan? If not how can the Russian operations be self sufficient as stated by CS at the Webinar?

NKT JORC upgrades; 16 Dec 2021. Work on the open pit part is in progress and the NPV of that part will be announced separately. That was 3.5 years ago, when can we expect this announcement?

MT DFS; approved 3 July 2023, a clear reason as to why the WK & MT DFS’s details have not been released to investors. CS stating it’s historical because they need to add NKT suggests it was always required yet last year they were confident of selling the assets without it!

MT/NKT DFS; who on the BOD is overseeing the DFS considering James Nieuwenhuys, a mining, processing and EPC specialist left the company on 3 July 2023 due to the MT DFS approval, is there an approximate date for completion, completion & is it fully funded?

NYUD; clarification on the current Rosgeo JV/NYUD situation and the BOD’s intentions should the Geopolitical situation change.

£323,000 VAT credits & £1.3M court case; mentioned in the Sandersons TFL RNS 6 Sept 2024, any update?

Queeld shares; when will this case be settled?

Sanderson TFL; is this fully settled, if not can CS explain why?

If above is a yes, are the BOD’s salaries now fully paid up and back to monthly payments?

Did EUA pay Optimo Capital Ltd for the 3/6/25 research note?

Im assuming we will be asked to vote at the AGM to re-appoint Artem Matyushok & Kotaro Kosaka. 3 years in post and we’ve never heard one word from either of them (or any of the others on the BOD) Are they still assisting with our banking via Japan, will CS elaborate on his statement at the Webinar that they add value to the sales process?

BOD, M&A and Russian subsidiaries management; are changes required if the company are ever going to achieve an asset sale?

Excellent update Joseph. It'll be very interesting to read what’s in the AR about WK. Surely they will release all the facts.

@Dattabase1; many thanks for that, I’m positive those R& R figures did include the Rosgeo JV as per below. Do we also have to factor in the fact we only own 80% of MT, 75% of Rosgeo, im not sure if we own 100% of NKT or not? It’d be really nice if the BOD gave shareholders up to date figures to clarify.

“Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company is pleased to announce the reserves and resources breakdown by metals for the Monchetundra Project (Loipishnune and West Nittis deposits), the NKT area, and the projects included in the agreement with Rosgeo (as announced via RNS on 26 March 2021”

I see Trumps stating they’ve signed an agreement with China for the supply of REM’s, I know EUA don’t have any but it’s a good sign for possible other deals in the future.

https://www.bbc.com/news/articles/c4gkmy26e2po

Had a reply from YJ,

Christian has come back to say the statements regarding the Optimo Report have been announced at various times in the past few years, with the note summarising the Eurasia Mining story. Whilst they cannot disclose further, they are instructed to only talk about the sale process without going into the granular detail regarding project activity at this moment of time.

He has stated the Company will endeavour as best as they can to answer the specific questions you have asked, as they cover all the operations. It is currently in the process of being put together, hence they will attempt to ensure all queries are answered as best as they can.

@Wilco; I think you’ve missed the point, was it 106.4 or 104.6 Moz of PT eq, is it 4 or 6 of the 9 mines? If they can’t get the basics correct it makes a mockery of the whole report.

More importantly is the Rosgeo JV back on, are we getting another 3 new wash plants for WK and have recommenced mining there? All great news if true but why haven’t the BOD updated shareholders, more realistically, it’s p155 poor if they’ve used historical outdated info!

@Cryptochump;

I think Russian authorities might be holding things up until the court case is settled. They have well documented issues with Queelds owners.

If EUA paid Optimo for that report I’d like to know if the BOD bothered to fact check all of the information before release, I think the below 4 statements are incorrect.

“Currently, the operation is in the midst of an expansion programme that will double the number of wash plants to six, which is expected to be completed in the coming months.”

“Importantly, after three years of litigation, the company successfully won the lawsuit at the highest level of the Supreme Court in Russia, resolving the mining tax rate issue, which had seen rates increase from 6.5% to 22.75% overnight. Following this significant victory, PMG production at West Kytlim in the Urals has been restarted.”

“• Pipeline of additional Arctic projects - Eurasia has a portfolio of further projects in the Russian Arctic. Four of these nine Ni-Co-PGM projects have feasibility studies, which include a Ni-Co PGM brownfield mine relaunch and an additional 106.4 Moz of Pt eq. resources.”

“Additionally, the board announced that block modelling and open pit optimisation had been completed for six of the nine Rosgeo JV projects, representing 104.6Moz of platinum equivalent resources.”

Here’s some of the things I’m looking for clarity in the annual report;

Astana dual listing; When were the CIS investors forced to sell their holdings, approximately how many shares were sold and how many are expected to buy back in considering there continues to be a lack of price sensitive details for PI’s on the NYUD JORC, WK mining, MT DFS & NKT upgrades.

41,551,563 26p Warrants; expire 30 June. A clear explanation as to the shareholder value to justify continuing to extend these.

Sale of £5M concentrate; is it sold? If not, is it possible to sell with no additional tax penalty if the funds remain with KK our Russian sub, what does it cost to store it in a secure facility?

WK mining; has this commenced and if so is there a mining plan? If not how can the Russian operations be self sufficient as stated by CS at the Webinar?

NKT JORC upgrades; 16 Dec 2021. Work on the open pit part is in progress and the NPV of that part will be announced separately. 3.5 years later, what’s the current status of this?

MT DFS; approved 3 July 2023, exactly why do shareholders know zero about the contents?

MT/NKT DFS; who on the BOD is overseeing this considering James Nieuwenhuys, a mining, processing and EPC specialist left the company on 3 July 2023 due to the MT DFS approval, is there a date for completion & is it fully funded?

NYUD; clarification if the Rosgeo JV is expired or on hold?

£323,000 VAT credits & £1.3M court case; mentioned in the Sandersons TFL RNS 6 Sept 2024, any update?

Queeld shares; when will this case be settled?

Sanderson TFL; is this fully settled, if not can CS explain why?

If above is a yes, are the BOD’s salaries now fully paid up and back to been paid monthly?

What did EUA pay Optimo Capital Ltd for the 3/6/25 research note?

Im assuming we will be asked to vote at the AGM to re-appoint Artem Matyushok & Kotaro Kosaka. 3 years in post and we’ve never heard one word from either of them (or any of the others on the BOD) Are they still assisting with our banking via Japan, can CS elaborate on his statement at the Webinar that they add value to the sales process?

BOD, M&A and Russian subsidiaries management; are changes required to actually achieve our goals?

Dattabase1; the war should not prevent CS from giving us facts in a timely manner and in any case quite a few of those points were from long before the war started! CS has always been terrible at communicating, FFS we were suspended for 5 months waiting for him to clarify about a fecking tweet.

We don’t know if he’s taking a salary or not as he’s not confirmed if he’s paid back Sandersons yet. He can’t sell his shares as he has inside information (MT DFS)

He was the cause of 2 of the court cases (Logik & our own lawyers)

I didn’t say he was trying to rip us off, I think his hearts in the right place, he’s out of his depth.

There’s a bit of history with CS saying something that doesn’t quite materialise as we expected;

WK DFS (have we ever seen it)

NYUD JORC (defo never seen it)

NKT upgrades (3.5 years later still no update)

MT DFS (never seen it)

Sanctions don’t affect the company (apart from selling the concentrate & now having to list on Astana)

Sale of the concentrate (I think it’s still not happened)

Confident of selling the assets last year (took him how long before we were told it wasn’t happening)

I’m sure there’s a few others, those are just from memory!

CS stated this at the last Webinar so I’d imagine interest will be decent. I’d not be surprised if the Astana MM’s are slowly accumulating stock already in perpetration of the listing. There were some large trades yesterday.

“And in particular, of course, we're looking at our secondary listing in Astana. And the reason for that is that there is a big chunk of our former shareholders who are not, unfortunately, served by the London market.

And we were being approached by various, shall we say, investors with that in mind. What can we do about that? And what we're doing is exactly that. We're listing in Astana with that objective.”

Astana dual listing; due June.

Annual Report; due June.

41,551,563 Warrants @ 26p; will they expire on 30 June?

Sale of £5M concentrate; is it possible to sell if the funds remain in Russia?

WK; has mining commenced?

NKT JORC upgrades; 16 Dec 2021. Work on the open pit part is in progress and the NPV of that part will be announced separately. Is this complete?

MT DFS; approved 3 July 2023.

MT/NKT DFS; date for completion & is it funded?

NYUD; is this JV expired or on hold?

£323,000 VAT credits & £1.3M court case; mentioned in the Sandersons TFL RNS 6 Sept 2024, any update?

Queeld shares; when will this case be settled?

Sanderson TFL; is this fully settled and are the BOD now drawing salaries?

Https://www.lse.co.uk/research/EUA/eurasia-mining-initiation-of-coverage-3rzjdnz672egxod.html

Apologies to all, I’m going to take the advice and filter it.

@Espen35; I’m targeting you because you’re a vile piece of sh 1t. You post purely to rub in the fact genuine people are losing money, funnily enough we all know that and don’t need you announcing it’s RED every day. You appear to enjoy the continuation of the war which I find absurd. You have absolutely no thoughts of how it will affect people & their families and to be brutally honest I don’t think you care. The fact you don’t even know how private investors buy or sell shares says to me that you have no interest in investing so wtf are you here for? I try to treat people on here as I would face to face, I doubt very much that you'd act the way you do on here if we were all sat in a room (you’d certainly not last long) It’s a sad weird life but hey ho, the internet has unfortunately gave you a voice! My average isn’t too bad and yes I’m under water you’ll be glad to hear & hopefully one day I might make a profit, only time will tell.

@Espen35; I honestly think you need to seek some kind of professional help or therapy.