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For clarity nothing I have posted is research I have done, just posting on behalf of others. Everyone should DYOR! Whether this is all related to EUA sale or not only CS knows.
Re Urals 3 month winding up notice:
https://opencorporates.com/companies/cy/HE141187
Yeah and the companies winding up are: Tylai mining and Urals Alluvial Platinum.
Also heard CS has cleared his diary for August, source of a source so can't verify obviously.
And finally another message (not from me) about the new setup:
So Christian sets up a new company, registered in London. Directors: Himself and Richard Nolan. Only one share issued to Christian. So Nolan likely just a mate needed to help Christian set up in effect what is a shell company. Company address is Derringtons a Secretarial Services company. he agent for compliance etc is Bate Wells a City Law firm. My conclusion fwiw is Piper have advised Christian to tidy up his other links and se up this shell company over which he has total control in London likely to channel his huge profits into and then pay himself dividends in he most tax efficient way?
This was posted by Glenn on Telegram, could be really big if the logic stacks up:
On another note, Christian Shaf has in the past 2 weeks started a new company, which appears to be a holding company / shell, presumably to funnel any funds from a sale of assets.
Christian and Dmitry have also put in to close two companies which are based in Cyprus on a 3 month notice. Both companies have been going for many years, and both are connected to Eurasia Mining via subsidiaries, and as a guess, its because they are no longer needed.
You will note that the new company Christian has formed 2 weeks ago appears to be the same name as a South African mining business, although Christian and another "funder" are the only ones part of it, two directors = holding/ shell.
Mms are praying on fears, they are not stupid and know the majority on LSE and here were expecting a 7am RNS, which didn't appear, hence the drop. Don't fall for it, they are desperate for shares.
GingerHippo is right... Seen plenty of evidence that they will take dummy sells in their millions... in one lump... at a premium. There's no way that would happen if this wasn't about filling big orders.
Sure it's a bit sweaty for those of us in the red but no way are they willing to buy shares in their millions if someone isn't sat there wanting to stock up big time.
Here's a take on things from Benjammith on telegram group, seems most logical outlook on what's going on here to many of us on there:
Here's my take on what happened:
We had good offers from groups to buy the company in the FSP.
During the FSP we get the Rosgeo JV.
A new group comes forward with a proposal that involves our current assets + something within the JV, however the caveat is that in order to make this sale, we need to inject our own money to get the licenses.
We didnt have the money to buy the required licenses, so quick EGM to make sure the funds would be available.
If the EGM didnt pass, then we go with the FSP bids.
But the EGM does pass. So we leave FSP and go after the new proposal knowing we have the cash in hand to buy the Rosgeo licenses.
The EGM result basically decided which route we go down.
If you listen from 15:34 this is the part I meant, he mentions another company several times that he cannot disclose, and couldn't disclose in the RNS at the point where legally they had to release the fact global didn't take the option. Maybe I'm reading between the lines but it all sounds like he's frustrated he can't reveal the fuller picture here yet.
Any thoughts on the part where he says (ref the option) "it was purely a business decision"... and he knows what stands behind the decision but he cannot talk about it "without disclosing their name" and he is not yet allowed to disclose the name of that company. Which company? Is it potentially as simple as someone came in with a better offer?
Ssccss I didn't hear it quite like that, if it was as simple as them not taking it meant HEMO have full control, they could easily have said that, but he says it's just the first part of the story and that it's challenging to give the full picture in that RSN but they had to legally announce the fact they didn't take the option at that time. To me it sounds like something bigger is already lined or lining up, they just can't obviously announce what until all the i's are dotted etc.
I think 13:35 was the key part of the interview because he wanted to stress global co not taking the option was not actually a bad thing, but couldn't tell us why yet. Maybe it's all just talk but well it got me xD
I've averaged one of my holdings here down to 5.9p from 10p, convinced after that interview Vlad knows something exciting is on the horizon he wants to tell us but can't yet (legally). Hopefully I'm not throwing good money after bad, has to be a massive up side from these rates though, happy to wait it out.
The partner has nothing to do with the FSP though, good business people don't just sit on their hands - they're always looking for the next opportunity even if the current one is still ongoing.
I understand your thinking but I think too many people assumed they'd just sit around waiting for the FSP to conclude like us PI's are doing!
If there was no one left at the table they'd have HAD to update the panel and us so that part at least can't be a reality as things stand.
The temptation to average down is there for me too, having got in on a spike I feel I may never see again! Just takes balls of steel at this point (nearly 60% down) to pump more money in to this even if the drop does feel very over done.
Sharebel time to give up now, what charity? What was "soooo cheap"? We haven't "got" ANYTHING yet (other than a potentially massive JV agreement and first mover advantage on 100moz of pgms).
$8.3m spent so far, lots more to spend to develop and mine, we get 75% they get 25% if it goes ahead (totally in our hands).
If you still think we just bought 100moz pgms for $0.5m you're not worth replying to. It's like you're missing a huge piece of the puzzle here, maybe read the RNS a few more times and decide if you want to keep your 2p shares or not on Monday.
Just said the same on Telegram Mac, that line from JN can't fail to get you excited, first mover advantage on a massive resource while other companies are struggling to produce. The timing is just mouth-watering for investors and from the noise on here pretty devastating for shorters!
"we have first mover advantage in these times, when the traditional PGM districts are starting to struggle with various challenges posed by the underground mines like energy issues, environmental issues and floods to name a few"
And CS casually alluding to adding a potential 100moz+ to our portfolio, "which by expanding Eurasia's open pit assets both in palladium, platinum and in battery metals by a total of 104.6 Moz Platinum equivalent resources, unlocks a number of additional opportunities for the Company and its shareholders."
How anyone can turn a negative spin on this is mind boggling. Exciting times to be in EUA and let's be honest it's a massive cherry on top none of us saw coming!
Fair point Billions, but it's still spreading the cost over the time we choose (or not) to develop these new areas... if they choose to go ahead it means nothing other than the great news that it can be economically mined and we already there's a plenty of it too! If you don't see the value in them spending some money to make mega money then please never start your own company for your own sake!