Member Info for EthioEthio

Some historic data. Look at page 6. Note that this is very old... confirms there's Rhodium at MT too

The most powerful and spatially consistentveins are concentrated in the Nittis massif.In addition to living, on this array were metin the last years of mining, ore stocks have beenmeasure in diameter up to 9 m and long-to a depth of up to 30 m.reserves of the deposit were (thousand tons):158 nickel, 90 copper and 6.43 cobalt. Averagecontent in ore (as of 01.01.1957):nickel - 5.1%, copper - 2.9%, cobalt -0.23%, platinum 1.46 g / t, palladium - 6.92 g / t,rhodium - 0.21 g / t, iridium - 0.031 g / t, ash-ta - 0.02 g / t. Mineral composition of solidsulfide veins:

https://webcache.googleusercontent.com/search?q=cache:6S3bX7EIycUJ:www.vsegei.com/ru/public/reggeology_met/content/2019/79/79_08.pdf+&cd=4&hl=en&ct=clnk&gl=uk

click to switch to English at the top right. GLA

researchandhold

"Each gram of palladium now costs $ 50, 500 tons is 5 million grams, multiplied by $ 50 is $ 25 billion."

correction: 500 tons converts to 453,592,370 Grams - It seems they misprinted that.
453,592,370 x $50 = 22,679,618,500 - Not far off $25 billion
Vladimir Ivanchenko was giving an estimate , a ball park figure.
That 5 billion should have read 500 billion

NOTE, $50 figure was from March 2020.
Today, Palladium is around $86

$86 x 453,592,370 = $39,008, 943, 820.
That's near $40 billion and will continue to go up.

EUA may sell MT+flanks and may be even WK and shift focus on the Rosegeo assets.
Norlisk, South Africa will not be able to compete with the level of PGMs rosegeo and EUA are working on and the big car companies are bound to be interested in securing this region. EUA is very attractive short term with asset sale but the future looks even better. They have first mover advantage and a class act in Rosegeo to work with. Like Rosegeo said, the investors will come.

Some more on POAZ

01/23/2020
Murmansk, Russia, January 23, 2020. Specialists of North-West PGO JSC (SZPGO, a subsidiary of JSC Rosgeologia) have begun the final stage of field exploration for platinum group metals within the Poaz mountain range of the Monchegorsk ore region in the Murmansk region.

“We expect that based on the results of the completed field work, the predicted resources for nickel and platinum group metals will double in comparison with the planned indicators of the state contract. The new geological data obtained on the Poaz mountain area confirm its uniqueness in terms of platinoids. The operational total resources of platinum and palladium of the P2 category are estimated by our specialists at 336 tons. This can be a good contribution to the resource base of the region. "
Oleg Vasin
Managing Director of North-West PGO JSC

POAZ is MASSIVE
08/19/2019
Geologists of North-West PGO JSC (St. Petersburg, the enterprise is part of the state holding Rosgeologia) entered the final phase of field prospecting for platinum group metals within the Poaz massif of the Monchegorsk ore region (Murmansk region). Research is carried out under a state contract at the expense of the federal budget.

“Since the beginning of the work that we started in 2018, wells with a total volume of 3956.5 linear meters have been drilled at the ore occurrence. m. All wells are documented and tested. The first results of 300 core samples were obtained. According to drilling data, in comparison with mining operations, the thickness of the ore zone has doubled. The new geological data obtained for the Poaz site confirm the site's unique platinoid resources ”.
Oleg Vasin
Managing Director of JSC "Rosgeologia"

Since the beginning of the year, 300 samples have been sent to the Irkutsk laboratory specializing in precious metals. Glimmers of sulfides shimmer in the core from the depth, and where they are, platinum should be nearby. Monchegorsk raw materials, according to geologists, are complex, rich, containing gold and palladium.
Vladimir Ivanchenko, a leading geologist at North-West PGO of the Rosgeologia holding: "Each gram of palladium now costs $ 50, 500 tons is 5 million grams, multiplied by $ 50 is $ 25 billion." (** woooooow**)
The drillers have done their job, but must return in the fall. If the laboratory gives the go-ahead to drill and drill, at least a decade will pass from development to production.(***meaning the place is full of it ?? ) But the resource, no matter how pleasant it is to listen, is still only predictive. The investor will show up if they prove that the object is really worthwhile and large. ( This is where EUA step in. now you see what Firstove is with us???? )
Leading geologist of North-West PGO of Rosgeologia holding Vladimir Ivanchenko: "Are you pinching your fingers? - Yes, pinching your fingers and hope that the city will heal a new life - literally."
https://rosgeo.com/subdivision/szpgo/news/stanet-li-monchegorsk-novoy-platinovoy-stolitsey-geologi-uchenye-i-promyshlenniki-na-poroge-otkrytiya/

“In the last field season, our geologists have coped with all the tasks set. Geochemical works have been carried out to identify anomalies of precious metals and associated elements, a large amount of drilling work has been carried out to verify the nature of localized anomalies and to reveal the alleged ore zones, ”said Konstantin Firstov, head of North-West PGO JSC. “Based on the preliminary assessment, good results have been obtained, which are now undergoing final examination by the customer.” (*** and who is this guy Firstov talking about final examination by a customer? that would be our new CEO – you do the maths ??) Good luck all !

Part 1
WILL MONCHEGORSK BECOME A NEW "PLATINUM CAPITAL"? GEOLOGISTS, SCIENTISTS AND INDUSTRIALISTS ON THE VERGE OF DISCOVERING A PROMISING DEPOSIT OF STRATEGIC RAW MATERIALS

03.03.2020
Today, on the eve of the start of the International Arctic Forum in St. Petersburg, Rosgeologia presented a report on geological work in the Arctic zone. We are talking, in particular, about the object near Monchegorsk, where within walking distance is a possible promising platinum deposit.

The drilling near Monchegorsk has been making noise since the new year. Specialists from the Pskov region, Novgorod, St. Petersburg are making their way into the bowels of the earth around the clock - they are looking for strategic raw materials - precious platinum. A dozen of wells have already been drilled. This one is literally on the sidelines of the "primer". Unprecedented luck - the logistics are perfect. Nearby there is a city, a railway. Ready infrastructure "at hand". It will not be difficult to organize production and processing at a minimum cost.
Oleg Orlov, head of the party for exploration of solid minerals at North-West PGO of the Rosgeologia holding: "The deepest well I have is 530 meters, can you imagine - half a kilometer deep."
The North-West is considered to be a highly studied area, the search is an expensive history, and there are many risks. It also managed to secure federal funding. The object is promising. Monchegorsk - the firstborn of copper and nickel metallurgy - now has every chance to become the capital of platinum. "Outperform" Norilsk and South Africa. Preliminary conclusions - the content of platinoids is high, the thickness of the ore horizons is up to 50 meters. Dig up the precious ore and here it is, "under your feet", practically on the surface.
Vladimir Ivanchenko, a leading geologist at North-West PGO of the Rosgeologia holding: "Now it stands on the balance sheet of 150 tons - already a high category that can be mined, plus our 163 tons, that is, 300 tons of predicted resources in the Monchegorsk region."
Oleg Orlov, head of the party for the exploration of solid minerals at North-West PGO of the Rosgeologia holding: "We can already find 1.5-2 grams per ton for platinum, now we are waiting for an analyst to confirm the results."
Geology is a capricious "lady". Geologists are in no hurry to give hope to themselves and others. Forecasts are given with a sparkle in their eyes, but in words they are extremely careful. Laboratory tests should confirm or deny how justified their expectations are. The conclusion is almost finished - we are waiting for the end of April. (** remember peeps this article was posted on 3rd of March 2020**)

WOW.. i'm about to post an article which will be in 2 parts. READ IT ALL!

Monchegorsk - the firstborn of copper and nickel metallurgy - now has every chance to become the capital of platinum. "Outperform" Norilsk and South Africa.

"Each gram of palladium now costs $ 50, 500 tons is 5 million grams, multiplied by $ 50 is $ 25 billion."

Rosegeo JV could be huge. Poaz is massive. Been researching for hours. I can't believe it's 2:48am hahaha. Will post some of my findings tomorrow....later. It may have already been posted but hey...

Truthfactory
You said there is too much debt and the outcome for the company would be a bad and a disaster for investors but that's not the case now. They've cash and Dbay are masters at making money. 6p was terrific entry.

TF, Just came to check what happened to ESL. I hope you took some here at 5 - 6p. Dbay may take this to a better place from here. I always thought the company had assets worth much more than it was priced at 2 years ago. All looked too complicated which is why i sold.
Have you seen anything decent lately? I see you hammering RMS hahaha. Not much has changed :)

Very strange. May be they're all the off-book trades they've been hiding. Why are they being released now? Has the FCA finally got the memo?

A lot of delayed -trades

bluesideup - Thanks BSU
They're manipulating the sp to accumulate shares which says a lot about where EUA will be in the future.
EUA is very cheap at present. We placed at 26.50 no long ago and we'll shoot back up.

Where are peeps getting shares on loan? Anyone got a link to the site?

That's from a well known broker site.
#knowyourgame

If you hold a short-term trade and want to keep it open overnight, you’ll be charged a daily interest fee.

This charge will be applied to Daily Funded Bets (DFBs) as well as cash CFD positions held through 10pm (UK time).

Futures and forwards don’t incur overnight funding charges, but they do have wider spreads. These contracts are typically used for longer-term trades.

Why is overnight funding charged?
When placing a spread bet or CFD, you’re using leverage. This means you are effectively being lent the money required to open your position, outside the initial deposit you’ve paid. To keep your position open after 10pm (UK time), an interest adjustment will be made to your account to reflect the cost of funding your position overnight.

365-day divisor used for the FTSE 100 and other GBP, SGD and ZAR denominated markets.

360-day divisor used for all other markets.

2x 500,000 buys just showed up and 250,000 at mid price.

A few days ago, i said we seem to do well on Fridays but that post has been removed :(. We finish decent blue which is why we don't get a lot of derampers over the weekend. Proof - we're 8% up so far. Shorts close before the weekend for some reason.

GFG

"there are some who post solely to get good threads taken down."

That's exactly why removing a whole thread is wrong but LSE don't seem to listen to us. A lot of decent posts go missing an most of us don't even notice.

Absolutely ridicules!

Not hard to do. If a specific post violates your rules, just remove it and give a warning to the poster.

Removing a whole thread with valuable info is a joke.

UNLESS you have a certain motive.

We seem to finish blue on Fridays like i mentioned before but manipulation will continue again next week. (something to do with CFDs being costly to keep overnight/weekends?, i don't know) Volume today is very low and the clime up to blue is generated with small algo trades.

EUA have said they'll be progressing with strategy. You would have to say they mean JV assets with Rosegeo and sale process. We won't get a re-rate from Rosegeo until they prove up what's in the ground and what they plan to do with it. As for the sale process, fuk knows why it has taken this long having identified 1 potential party. We need more info from the BoD. GLA

"Roger holds no shares here."

FALSE. Roger holds a few millions. I have seen his sells last time. You can find it in history.