Member Info for EIE01

We have 68 tonnes of silver per the RNS 8 Feb 22 which is an in ground valuation of £87m so a reasonable amount.

Platinum increase is 90% YTD and gold increase 59% YTD.

So Platinum is leading the way.

With the increase in metal prices I thought I would compare valuation movement from 01 Jan 25 to present day.

Using only the Monchetundra Project, NKT area and NYUD licence, reserves as stated per the RNS dated 08 Feb 22

Based just on these reserves the increase in the in ground valuation year to date is 35%

Wilco - Believe what

Be specific and explain where I am wrong.

Russian frozen assets are to be used as calatoral.

Unfortunately there are so many people like you Wilco that see conspiracies everywhere and ignore the obvious.

It’s calatoral pure and simple.

Wolfe - He is most definitely, so I should apologise to you on this occasion.

Wolfe is a poster that loves having a pop at others.

Offers very little apart from that

EU arent seizing Russian assets, they are using as calatoral, although Russia view as taking, but it’s clearly not.

I meant to add, the war now makes no sense, but it still rumbles on.

Sense appears to be missing on all sides, so anything is possible in such circumstances.

I think the headlines can easily be misinterpreted.

The draft bill allows Russia to process the sale of state owned assets far more quickly than can currently be done.

This means if a foreign company operating in Russia were to be nationalised it becomes state owned.

I read an article that stated Russian companies operating outside of Russia is ten times greater than foreign companies operating in Russia. Which jurisdictions they operated in wasn’t provided.

If this scenario is true, it wouldn’t make financial sense for Russia to nationalise companies, assuming EU would respond tit for tat I’d assume.

Platinum price seriously breaking out.

You mean in the same way the UK forced Roman Abrahmvic the sell Chelsea and not receive a penny of the £2.5B proceeds.

Two takeaways from his speech today.

Putin today said that a mutually acceptable solution to Ukraine war is possible. Is this a softening in his approach to a peace settlement.

Russian interest is the full restoration of relations with the US, he says. The Russian economy has suffered extensively and the US provides opportunities to rebuild.

As mentioned yesterday this relates to state owned assets.

Supposedly there is $340B on state owned assets in Russia, how accurate the figure is debatable.

The draft Russian document specifically refers to foreign state owned assets.

I agree if EU go down this road is not good for European markets and trust.

In respect of cash it should be noted that movement in inventories at 30 Jun increased by GBP 2,474,638

This helps explain cash flow movement.

In my opinion update reads well.

Licence extension granted in the period.

How exactly are EU escalating the conflict?

EU continue provide equipment and finance and have been doing since the beginning.

Now if Trump allows Ukraine to use missles that can reach deep into Russia that is escalating and taking the war to Russia.

Don’t read the Telegraph.

Aimlessly leading Europe into conflict is one thing. Leading Europe into WW3 because of poorly performing economies is in my opinion totally nonsensical.

Washington is supposedly fully aware of the Putin proposal.

This is all common knowledge, well should be to anyone following the conflict.

Just because Putin has a proposal doesn’t mean Ukraine accepts, in fact I doubt they will, but it may initiate dialogue between both parties to reach a compromise.

Supposedly US onboard with the majority of this proposal, BUT it’s Ukraine that has to negotiate and be on board.

Seriously you think EU leaders believe let’s go have WW3 because the economy is doing bad.

I never ceases to amaze me at the level of these kind of comments.