Member Info for Fr.Jack.Hackett

Suggest Shareholder Approval if they change the BoD (or get some proper people to assist them) - what I suggested many time in the past.

The current BoD are clearly out of depth - no matter how positive they are - they need help.

Mr CrazyFox,

You asked the question:

"Does anyone know of any listed companies that were taken over for multiples of their current market cap?"

I think recently the company Hotel Chocolate (HOTC) was taken over by Mars for about 2.6x their share price the day before RNS released, or 3.6x what the share price was 3 months earlier (assume small knowledgeable people tipped to buying during the months building up to announcement).

I think for higher ratios - you may find some in the pharmaceuticals industry.

For information - most mining NPV calculation based on FCF provides the OWNER what it is worth to them (taking into account spending capital on developing the asset).

From the BUYERS view - this NPV will be significantly diminished if they have to spend huge amounts to buy the licences in the first place.

Example - CPR for NKT had NPV of $1,188M$ and payback in 3 years. Assume EUA sell asset for $500M$ then payback will be at least 10+ years - not many venture capitalist would consider this - money probably safer in savings account!!

Forgot to add - whilst PEEing they also paying divs of approx. 5%SP.

Mr Lilah,

If you looking for a mining company based on AIM which is PRODUCING and EXPLORING and EXPANDING (PEEing) and you up for a little territory risk - then Caledonia (CMCL) is a good starting point.

It is good to see CMCL have justified their statement a few months back that they still predict to achieve the 2023 production guidance (75k-80koz) especially with the issues encountered and reported back in August.

After the completion of the new shaft - I was hoping to see the AISC being reduced a little - looks like it will not happen in 2024.

Mr deano1963,

I think you have answered your own question.

That's why it is considered positive.

Mr Pompal,

Not sure who you talking to but I agree with you.

Its the first evidence I have seen to indicate they can transfer funds to outside of Russia - others may already know.

It appears also good news also for Eurasia Mining Plc ("Eurasia" or the "Company").

As the RNS states Eurasia Mining as "the Company" then the later statement ". . . the Company now has sufficient working capital to meet ongoing obligations until early Q32024. . . ", must therefore apply to EUA as a whole and not just for Kosvinsky Kamen CJSC.

Therefore - EUA can utilise this money and transfer between PLC and subsidiaries without sanctions being impacted - otherwise they could not make the statement.

Mr Bobbybingo,

As you have an opinion on the minimum sale price - could you inform us what 50% discount is in US$ ?

I base the above on your statement "Whatever figures are used for the sale the assets they will be sold at far greater than 50% discount of valuation of those assets".

Mr Okfornow,

COMPANY has 3 months of survival money. It would be good practise for the BOD to wrap up any sale before approaching the "end date" of the 3 months period as to avoid the acquirer dictating everything.

If no news by end of January - then maybe the company is selling assets for sunken costs only - not everyone's cup of tea.

Mr del929,

Based on your posting earlier it appears the EUA board have changed their views of a sale from being "very hopeful of sale this year" back in the summer to just "hopeful" now.

I know the wording in the RNS are very carefully written based on all earlier released information and statements.

It would give more confidence (or maybe not) if this COMPANY could give a general statement on WHY this sale is appearing to most of the outside of the board-room world as such a limp lettuce. They can do this.

Mr Eish,

If the COMPANY holds up to what they propose and become a 250kozpa operator with revenues in the order of 500m$ and profits after tax of 100m$ paying dividends of 30% of PAT - then there is little to stop the MCAP reaching (20x dividends) = $600m.

The spanners for the SP is - how much the shares gets diluted on the way to pay for all this or if debt increases / Au price drops.

Will have to wait a few years to see - but shall monitor.

Nice to see the drop from last week now fully recuperated.

Mr Rocka999,

I understand it is the charging temperature that is critical (the discharge or operating temperature is less of a factor).

From my understanding:

lower temperatures (whilst charging and discharging) reduces the performance of the battery whilst operating at those conditions - and then under normal conditions the battery will revert back in accordance with the life status for the battery. Lithium based batteries cannot be practically charged below 0degC as current needs to be small (so central heated garage maybe required) .

Elevated temperatures (often defined as +40degC) I am led to believe charging batteries at elevated temperatures may result in a possible irreversible reduction on battery storage/capacity. From reviewing some specs (Lithium laptop battery and others) this could be up to 20% of the total storage capacity. The other point I have noticed from certain specs - this behaviour could result not from multiple charges at the elevated temperature - but from a single charge or just a few charges at the elevated temperature.

In comparison to petrol fuel cars - consider the following:

In winter - consider the car has changed to a smaller fuel tank and you use a narrower fuel hose to fill it !

In very hot summer - consider dropping a few bricks into your fuel tank and they can never be removed.

My thoughts are - main concern would be the irreversible drop on charge capacity from charging at elevated temperatures. Even for a climate like uk - it actually reached 40degC the other year - then everyone will also need air-con units in their garages during overnight charging. Please don't ask what to do if not got garage!

I attached the following link - which I think has lots of the points mentioned. It be a nice little research project this - as there are so many devices now with batteries.

https://batteryuniversity.com/article/bu-410-charging-at-high-and-low-temperatures

Mr Del929,

The only question I ever thought to raise with the BOD was if CS could address the point raised during the AGM which was not addressed - see my earlier posting copied below.

Taken from the AGM transcript:

"The question here about the shareholders who invested at 26p. I don't know the status of our current shareholder lists. Perhaps I should know, but I didn't find out before this meeting."

QUESTION : Could the BOD now obligingly inform shareholders if the entity that invested at 26p still hold their share certificates and, if not could the BOD inform when they sold. In addition - if they still hold - have they increased their holding.

". . . A offer will likely come in Q1, and we will need to take it or go out of business.. . . "

if you are the buyer - these are the best negotiating times - especially when dealing with Russians. Good luck.

As Rory Breaker said, ". . It was yesterday I said three and a half grand and today is today, if I am not mistaken. I'll take it tomorrow for half price. "

And - I think they have 14 days to notify Companies house!!

Mr Stonk,

You may find the suggestion/question of Mr Byrne's employment within EUA is a direct consequence of his name missing on the most recent RNS whilst he is present on all other RNS in the past (well all I have seen).

I am sure it is just a slip-error of EUA board whilst compiling the RNS.

Please do not confuse de-ramping with observation.

" . . It's looking very good.. . ."

a 25% drop directly after a corporate update is just what the doctor ordered.

Mr Mizman,

your statement - " . . End of the war, end of Ukraine aid and end of sanctions is on the horizon . . "

Do you think the sanctions will end when the war ends ?

I would not be surprised if some jurisdictions mainly UK, EU (and possibly others) keep sanctions on RF for decades - at least until they have provided a fiscal balance to the damage they have caused directly at all levels of Ukrainian life.