Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And US is aiding Ukraine to the tune of approximately $40b to date.
You think that is all for free?
Mac - We ALL know that the BOD wish to sell the company/assets, this is a matter of record.
The problem isn’t what the BOD want to do, it’s are the up to the task of doing it.
Based on the last 2 years or so I believe many shareholders are right to question the decisions/progress made by the BOD.
The latest RNS (not from 2/3 years ago) reads to me that very little progress has been made with interested parties and the BOD appear to have little idea as to how long this process will go on.
Mac - But you copy an old RNS that refers to 75% stake in nine assets.
That isn’t happening, you are posting RNS information that is no longer relevant, surely you understand that is misleading.
I’m sure all long term holders realise NYUD situation.
Mac I take any RNS at face value, I just don’t understand why you are copying old RNS.
“However, after conclusion of the joint venture with Rosgeo ("Rosgeo JV") in which Eurasia will gain a 75% equity stake in nine PGM and battery metals assets (four of which are post Russian Feasibility Study with state approved reserves) with a total of 104.6Moz of Platinum equivalent ("Pt eq")”
Why copy this, it isn’t happening.
We know the company is looking at disposing of assets.
“The concentrate has a total net weight of 199.3 kg and a realisable value of not less than £4.1 million. The Company is in advanced negotiations with a number of parties to realise this value in the near future. These funds will be used to support the current mining season”
Realise £4.1m in the near future.
I wonder what the definition of near future is.
The accounts state that since Feb 2022 no revenue derived from Russia, as such I would assume these parties will be outside of Russia.
I am at a loss to understand why an RNS hasn’t been issued today.
If there was an issue with auditor signing off the accounts, then surely this news would had been released to the market already.
What possible reason could the BOD have for not issuing an update.
The article also refers to companies of paramount importance to the running Russian energy sector.
Putin's decree "does not deal with property issues and does not deprive the owners of their assets. Because external management is temporary and only means that the original owner no longer has the right to make management decisions,"
Yes I agree he said “No material offer received”
I would interpret that as offer/offers had been received.
If no offers had been received then I would expect him to reply no offers received when asked had any offers been made.
Sometimes you need to read between the lines.
Then I suggest you listen to the AGM if still available.
He was asked outright the value of the non material offer received and replied along the lines of “if I disclosed that then those in the room would be party to illegal information”
You are wrong, Christian confirmed an offer/offers had been received, but he most certainly wouldn’t disclose the value of the offer.
I can’t recall his exact words but it was along the lines of no material offer had been received.
Post crap……….have you actually read your post?
“cash available in the various accounts around the world that can be drawn on, Roubles 28%, Yuan 7%, EU 1$ and $ 64%.”
“there is such a large chunk in Yuan since sanctions have meant consumables are not sourced from China”
So Yuan at 7% is such a large/significant percentage?
Which you then follow up by stating consumables NOT sourced from China.
To be fair you post crap day in and day out on here.
Won’t you give it a rest with your incessant ramblings.
Outofreach
“Cash holding 06/22 p2 was approx £3M + $6.6M (£5.544M) = approx £8.6M now down to £4M ( £4.5M Running costs, etc?)”
The cash balance of £8.6m was at 30 Sep 22.
The corporate update issued 21 Dec 22 states cash balance of £4m plus additionally the Company holds West Kytlim mine product with an approximate value of £5.6
LB - I’m unclear what you mean.
Net cash increased by £17m for the year ended 31 Dec 21
For the six months ended 30 Jun 22 net cash decreased by
£8m
From the cash flows it states where the increase and decrease in cash has derived.