Member Info for EIE01

Could be a very interesting next week or two.

Https://ukranews.com/en/amp/news/1127894-trump-ruled-out-a-new-invasion-and-is-confident-in-putin-s-readiness-to-end-the-war

Have you actually read what you wrote, makes very little sense.

On second thoughts don’t bother attempting again.

So just Western media………you just confirm my point.

Some posters are just so extreme in their views, that they simply can’t see the possibility of an alternative view, or don’t want to entertain the possibility of an alternative view.

There view is the ONLY one that is right and there can’t possibly be an alternative view that holds water.

Zelensky stated today that he believes the war could end within 6 months.

TDT - So you are saying a reserves and resources report produced by Wardell Armstrong using JORC code cannot be used as a basis of valuing the in ground metals?

I believe for many it is a fundamental report to be used, but obviously you have a different methodology!!!

A valuation of $2.7B following a 95% tax would equate to a pre-tax valuation of $54B.

I appreciate the read through based on WK sale, but that is a simplistic calculation.

Based on the RNS dated the 8 Feb 22 the stated reserves total 695,416 tonnes this equates to $25B.

The stated resources of 3,782,675 tonnes equates to $160B.

It has to be emphasised these valuations are in the ground valuations, and are not what a buyer would pay, but they indicate the assets value.

Wilco I’ll take that back because you are just a wrongun and I can’t be bothered with such people.

I green box you and avoid reading your nonsense

Wilco the mug

I’m MORE than happy to share my number with you if you prefer a bit of privacy to chat

I’ve never quite understood who so much tax was paid in respect of WK.

Russian exit tax is I believe the following:

Rate: 35% of the asset's market value.

Valuation: Based on independent appraisal, but with a mandatory 60% discount applied to the sale price, meaning the tax is on 40% of the actual sale value (but 35% of the appraised value).

I believe the structure of WK and the district of its location has impacted the tax payable.

Would be extremely beneficial if the company provided a breakdown of the tax rates applied to the deduction.

Find all the other supposedly abusive posts I’ve made, I asked you the other day but you didn’t reply.

I’m not like you trappy, mouthing off at posters, not my style, but in your case I make an exception.

And called me out for using 300 x $250 !!!!

Now you are, idiot

But Wilco you no nothing you half wit.

The other day you thought sale tax didn’t apply to Artic assets.

It wasn’t poorly written, I certainly didn’t interpret the way you did and I have no idea what you read that indicated Artic exempt from exit taxes.

Wilco - See you were wrong yesterday and calling me out.

CS confirmed Artic assets are subject to exit taxes, and that the sale will take place once this tax is removed.

Artic investments has tax benefits to encourage investment, this has nothing to do with exit taxes

My take from the webinar:

CS “very confident of a positive resolution” ie sale

Kola sale will take place once exit tax removed

Artic worth 300 times insitu reserves compared to WK

Artic disposal discussion’s ongoing, competitive bid process

Hopeful tax regime will change 1st half of 2026

AIX to become more of a focus

Can support Kola development with WK proceeds

Cash sufficient until at least mid 2027

No director/board member share sales

Increase of institutional shareholding in 2025

Sinosteel agreement to be activated during 2026

Possible that mining could be initiated by late 2026

James - Yes £0.93 agreed, BUT Artic assets valuation isn’t a straight forward read through of WK.

There are differences and unknowns but £0.93 is correct.

PP - Your calculation is pretty much correct, BUT this is based on a simple read through from WK to value Artic assets.

The company states WK represents 0.30% of the companies reserves, but is the by valuation or tonnage.

We don’t know the reserves of specifics metals at WK.

Also WK is up and running, but Artic has added value in respect of tax benefits, so it’s not a simple read through.

Your calculation is correct based on the assumption all things are equal.

Wilco - Maybe you missed my question, but why do you believe Artic assets aren’t subject to sale tax?

Today’s RNS mentions Artic assets have tax benefits, but it doesn’t mention the specific nature of those benefits.