Member Info for EthioEthio

Never listen the derampers.

Once again, mention on Norlisk in the RNS and how close they are to our assets.

I do think more news on progress elsewhere will be included in the next RNS. Sale is getting loser.

If they had $20m months ago and still not spent it, it means WK is going as expected, making money. EUA is going places.

just came back from work. not been following lately but holding all the way. I can't see us drop from here. The IIs will not flip and will hold all the way to much bigger gains.
Hold! GLA

Been at work all day so missed much of the action.
If you have $20m and you needed an extra $15m, you have a plan and know exactly how much it will cost. We have to assume the money is going to pay for the licenses and cost to prove the roegeo assets.
"potential has become more evident during the course of the confirmatory work being done by Wardell Armstrong "

Its good news that they have the money to kick on with the projects but If like MT and flanks, EUA decide to keep the rosegeo numbers for themselves, it will mean very little for us share holders. I sometimes think EUA has a lot of shorts and derampers for a reason. Shorts will always attack companies that have little or no transparency as they can make any false claim about them. That all stops if and when the company puts out cold hard facts.
At best, we'll get divi near term, at worse, we'll have to hold for a little longer. I really don't think you can go wrong long term with EUA. GLA

As for warrants, i don't believe the ones from the last placing were exercised. We would have had an RNS notification and an increase in number of shares in issue.

JSP123
143% raise is a lot. JUB capital couldn't afford to pay for shorting EUA and went bankrupt. AIM , the broker and EUA had to get involved. I've seen many shorts close when sp drops on no volume in other shares too. Have a look at the trades in the last 2 days. We've had much more buys than sells. Nothing to justify a 20% drop. We've seen shorts close today. I could be wrong.

MMs allowing shorts to close and IIs to load. We had more buys than sells yesterday and again today.
Vol. Sold 12,533,813
Sold Value £3m
Vol. Bought 17,799,313
Bought Value £5m

cheap open pit mining = huge value and hence the demand for our assets and the reason they want your shares.
2m oz of PGM’s at MT with 64% palladium. How much of it is Rhodium?. Historic data shows there is Rhodium, prob about 5%. 100,000 Rh @15,000 = 1.5 billion for Rhodium alone. Flanks or WK not included

below is from NORNICKEL FIRST HALF 2020 INTERIM
"Our revenue in the first half of 2020 increased 7% to USD 6.7 billion owing to higher palladium and rhodium prices. "

from CS
"Our cash cushion, our zero debt, the progress on the Monchetundra Flanks and the favourable price environment for PGM, particularly for palladium and rhodium, are helping us in our ongoing talks and discussions, and we believe this strengthens our negotiating position as we continue to explore options for our assets"

In particular Palladium and RHODIUM! Confirmation if you need it. £££££

There's a lot more coming from EUA and plenty news in the coming days, weeks. #undervalued GLA

"This production volume does not include Monchetundra Flanks and Rosgeo JV projects which will be separately announced"

WILL be announced. Sounds imminent.
This tells me a lot of work has already been done on the flanks and rosege to prove up.

Production volume is high for just phase 1 but add flanks and rosegeo and Kola is going to be a major supplier. Today's RNS has left out a lot more details and that's all due to the NDA on MT me think but we do know that we have high grade Palladium.

"Rosgeo has confirmed to Eurasia that the process on the license for Nyud and Moroshkovoe open pit deposits is in an advanced state."

This can land any minute which will see us re-rate a bit but the real move up will come when JORC is announced for Rosegeo. That's in final stage so not long to go. Expecting to see a lot more than 104.6Moz.

"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."

There's only 1 reason Norlisk will be doing studies, the need for audit, and EUA would not have told us about this unless NN are really interested in taking our assets. In the past they told us they're concentrating on one CREDIBLE buyer and NN could be the one.

The market may have expected a bit more but EUA always under promise and over deliver. They're not a rampy type that make a song and dance about every little progress. They get on with it in the background and get it done. It also takes a day or two for EUA share price to raise after a decent RNS. We've seen that several times in the past so we may see 38 - 40 soon.

A lot of action coming up before end of this month. As they say in crypto, HODL. If you're short, be scared, be very scared as you're about to be jubbed. GLA

GAZALA69

I took a pic on my phone of the list just before the last update which was on 31st August 2021. All the big ones including brackrock are still there and some have increased.

Funds - Buying

On 31st of August it was printed = 8,653,648

After the update on 3st, it stands at - 13,005, 621

That's an increase

State St Gbl Sm Cp Eq ex-US Indx NL C is new on the list and has accumulated = 4,860,822 in total
There are others too.

Not a lot on the selling side. Some hold same amount, some have increased , new funds have joined and very few have sold out.

Note: You can be certain a lot more buying has been done since.

I will tell you one fact i have noticed - The share price started moving up the day this list was published. I was lucky to get my top ups sorted. I did publish a thread about funds increasing but the shorts got it removed. GLA

I also use VOX Marketing. The best for RNS notification.

Download the app on your phone, select the shares you want and you get a ping, sometimes way before LSE. You can also see latest share price. I've used it to for a few years and its a quality app. GLA

2 weeks
With FOMO a bit later, we may see blackrock entry price of 38p or above.
A late RNS today or early next week. Not long now. mega news incoming

Here is one where Rowka mentions Rosegeo.
Note that the below calcs are using Palladium price at $1000. $2.1 billion for the 1.9oz.
so double that is $4.2 billion. If you apply today's price of Palladium its 1.5x the estimate EUA gave. Add Rhodium, Nickel to the mix you get a much higher valuation. Rowka was saying Rosegeo and the big boys have gadgets to dig deep and increase resource base.

rowka

Posted in: EUA

Posts: 2,147

Price: 23.00

No Opinion

RE: Valuating04 Sep 2020 11:24
I think if you drill down to 500m, the same as Rosgeo you get $4.2b

Double it for the price differential $8.4b

Multiply by 7.5 (flanks) = $63b

Still missing $60b for it to rank on par with Bushveld, as the company stated but it is a start

If we don't get news tomorrow, FOMO will kick in for a Monday morning RNS. 2 weeks from last RNS is early next week.
Shorts are not as active as they used to be. Many have had margin calls and burnt with over 140% raise. All the researched holding for there's a lot more to come. #businessend GLA

New update today

09 Sep 2021 Memorandum and Articles of Association
This document is being processed and will be available in 10 days.

https://find-and-update.company-information.service.gov.uk/company/03010091/filing-history

Was the price spike from 7% red to blue caused by the above

If you're interested in seeing how much drilling was done at MT and flanks

page 88

https://www.geokniga.org/bookfiles/geokniga-strategicheskie-mineralnye-resursy-laplandii.pdf

each red dot is a borehole. Much more work has been done on it since.

re posting this as it may have moved the sp hahahaha Its all about facts

EUA value from 7th of Dec 2018

"The Monchetundra Project has an in-situ total reserve and resource value of approximately US$2.1 billion (an internal calculation based on London Metal Exchange November 2018 spot metal prices, and prepared for guidance only) and is now fully permitted for mining."

That was when Palladium was ~$1000
Palladium today stands at $2500
Other metal prices have also gone up a huge amount since so do the math!

Add to that, it was using drilling info from 200/250m. Not even 500m.
AP have done a lot of work, Rosegeo have modern tools to go much deeper, NN have done 48,000m of drilling etc. No doubt it would have increased the resource base multiple times. MT has got a lot of Rhodium as per historic data which would increase its valuation too.

There's a deal coming. That's why UBS are involved. UBS's involvement tells you a lot. Imho, Deal will be big. Add the Rosegeo assets etc and you're looking at a mega project with rare metals in huge demand.

EUA have been very conservative and i think a big re-rate is on the cards in the coming days. GLA

EUA value from 7th of Dec 2018

"The Monchetundra Project has an in-situ total reserve and resource value of approximately US$2.1 billion (an internal calculation based on London Metal Exchange November 2018 spot metal prices, and prepared for guidance only) and is now fully permitted for mining."

That was when Palladium was ~$1000
Palladium today stands at $2500
Other metal prices have also gone up a huge amount since so do the math!

Add to that, it was using drilling info from 200/250m. Not even 500m.
AP have done a lot of work, Rosegeo have modern tools to go much deeper, NN have done 48,000m of drilling etc. No doubt it would have increased the resource base multiple times. MT has got a lot of Rhodium as per historic data which would increase its valuation too.

There's a deal coming. That's why UBS are involved. UBS's involvement tells you a lot. Imho, Deal will be big. Add the Rosegeo assets etc and you're looking at a mega project with rare metals in huge demand.

EUA have been very conservative and i think a big re-rate is on the cards in the coming days. GLA

I've seen it at least 4 or 5 times in the last 2 years.
LSE cannot handle the number of trades per second.
In the past, they've had to switch off some resources to reduce traffic on the site such as the chat but this morning, it was the whole website that was affected. No conspiracy for me. LSE is weak. Break down also proves that EUA has a lot of followers. GLA

MMs playing games to take cheap shares.
yesterday we went up to 8%, dropped to 1% and shot back up to 29% at close.
Today, we saw a 9% drop and we're back to blue. The uptrend continues. GLA

Gecko, thanks. I had to sell some rubbish shares, 2 at a loss to add here. Very pleased as us PIs don't always get it right.
EUA is at the business end. The BoD are about to be rewarded for years and years of hard work. LTHs have been solid and that's all down to research, the info we share,. GLA

Murmansk, Russia, May 26, 2020. - JSC North-West PGO (subsidiary of JSC Rosgeologia) completed a complex of drilling operations for platinum group metals within the Poaz massif of the Monchegorsk ore region in the Murmansk region. The full scope of the planned field research has been completed in accordance with the terms of reference of the state contract.

On an area of ??more than 11 sq. km, 14 wells were drilled with a total volume of 5200 m. A complex of geophysical and geochemical works was carried out. 3450 core, furrow and geochemical samples were taken. Sample processing and analytical studies are currently underway.

On the platinum-bearing reef of low-sulfide platinum-metal ores in the Vostochny Vuruchuayvench area, 7 wells were drilled, which exposed an ore reef horizon up to 8 m thick with sulfide mineralization. Along the strike, the ore zone was traced for 1.5 km, to a depth of up to 500 m.

"The geological data obtained over the entire period of work on the Poaz massif confirm its uniqueness in terms of predicted platinum and palladium resources, which, according to preliminary estimates, amount to 336 tons of P2 category, which significantly exceeds initial expectations," said the head of North-West PGO JSC Konstantin Firstov.

The main result of the project should be the approved predicted resources of platinum group metals, as well as associated components - gold, nickel and copper of P1 and P2 categories. Completion of work under the contract is scheduled for December 2020

----------------------------------------------
"amount to 336 tons of P2 category, which significantly exceeds initial expectations," said the head of North-West PGO JSC Konstantin Firstov."

Where is Konstantin Firstov now? CEO of EUA's Rosegeo and MT assets!!!!!!!!!!!!

336 tons at just POAZ...just wow

This is the reason i said f it and kept adding when they dropped us all the way to 15p. The market is just waking up to how big Rosegeo JV really is and the obvious links. I did put all this info out here for all.

https://rosgeo.com/subdivision/szpgo/news/rosgeologiya-zavershila-burovye-raboty-po-poisku-metallov-platinovoy-gruppy-v-murmanskoy-oblasti/

seek and you will find

"A detailed mining plan for the first 5 years of the mine is expected to be completed within 2 weeks"

WITHIN ...By the end of this week or early next week.

You can only see more buying before news lands. 40s tomorrow or by end of this week.

We were 8% up and dropped to 1.2% at one point. Those who sold were left behind as we finished 29% up.
A strong finish today with some saying it was NT to buy at close means we can expect the uptrend to continue tomorrow.

bid, ask were same price with price monitoring extension at 4:41. It's almost like it finished in a busy auction. Let's hope we see another big blue day and the news we've all been waiting for.

Because they know what's coming. They stayed cool and calm during the manipulation. No rampy RNS to lift the sp. Because they know what they have and what its worth. We're now at the final stage and i really cannot see any pull backs. We're going to keep climbing. Any small retrace will be too clear the traders.

DLA
UBS
in this for a reason.

Norlisk doing audits = credible party interested in our assets. NN have the money , man power and expertise to get Kola in production efficiently.

The Rosegeo assets are MEGA , MT is a monster and the flanks are huge. Add WK which is operating at a different level to what it used to , you are looking at a company that's worth a lot.

Open PIT, with low extraction cost = IN DEMAND. Russia is 50%+ cheaper than South Africa.
That's why EUA will be last company to die in the sector and why we are in demand.

We have loads of Rhodium (historic data) and all you got to do is look at the price of Rhodium to know what the re-rate will be when the numbers are revealed.

Another fantastic day! 1 day closer to big news. GLA