Member Info for GingerHippo

On seeing the recent news flow, particularly that another II bought millions of shares at no discount, a certain shorter has this to say:

"Ain't it awful that the price stays so high despite me knowing it will fall eventually. So I'll close my short."

Riiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiight................................

I'm not sure they quite grasp the concept of a short, but OK.

What this person actually said a few weeks back, in case they don't remember, was that the FSP would fall through and the price would plummet to 5-10p. Didn't happen. So I guess you could say they were wrong..................

Anyway, let them say whatever they want to save face. Nobody really cares.

Monchetundra could be worth in excess of £2.0bn on Pd valuation alone –
Given its attractive characteristics Monchetundra could be valued in excess of
£2.0bn on its palladium content alone. Note that geologically/geochemically
palladium is found as both free metal and as an alloy with platinum and gold as
well as with other platinum group metals (PGM) such as rhodium and iridium in
placer deposits in the Urals – Eurasia mining’s asset are in this general
geographical area.

Asleep is a great name for you....

As an observer with no position, this is fascinating. I never would have thought a fund holding 15% would have such power. Happy to see them using it.

I'm rooting for you guys. Good luck.

https://acfequityresearch.com/wp-content/uploads/2020/02/Eurasia-Mining-Plc-MA-Valuation-FINAL-ACF-03022020.pdf

As someone mentioned this morning, the ACF report is based on old data.

"It suggests a total value of more than $2.4bn..........
...........we assume Pd is only 40% of the resource (vs.
geology currently implying flanks Pd is 50% of resource) and we model only the
Pd production and free cash flows, which we discount using a risk adjusted
WACC of 30% for the entirety of the Monchetundra 15Moz asset."

To revise this to include 22.6M oz instead of 15M; to imply 50% Pd instead of 40% (it's actually even more than that), and then to use $3000 for Pd and $1250 for Pt instead of $2295 and $1012

$2.4 Bn x (0.5x3000 + 0.5 x 1250) / (0.4x2295 + 0.6x1012) = $3.3Bn
$ 3.3Bn x 22.6/15 = $5Bn

So MT alone is now worth more than double what it says in the ACF report. I didn't even adjust the WACC. So not 54.8-60.6p, it should be £1.15-£1.27.

This is for MT only.

Oh no!

Anyway....

There once was a poster that put to LSE
The name of the poster was Tilly
He bought shed loads of Eurasia shares
Oh blow, my Twitter boys, blow (huh)

Soon may Dmitry come
To bring us divis, JVs and Palladium
One day, when the posting is done
We'll take our leave and go

She'd not been two weeks from an RNS
When down on her a binding offer bore
The captain called all hands and swore
He'd take that offer in tow (huh)

Soon may Dmitry come
To bring us divis, JVs and Palladium
One day, when the posting is done
We'll take our leave and go

Da-da-da-da-da
Da-da-da-da-da-da-da
Da-da-da-da-da-da-da-da-da-da-da

Before the money had hit our accounts
The shorters came up and bashed her
All hands to the keyboard, posted and fought them
When they dived down low (huh)

Soon may Dmitry come
To bring us divis, JVs and Palladium
One day, when the posting is done
We'll take our leave and go

No shares were sold, no shorter let out
The posters' minds were not of greed
And they belonged to Tilly's creed
They took that divi in tow (huh)

Soon may Dmitry come
To bring us divis, JVs and Palladium
One day, when the posting is done
We'll take our leave and go

Da-da-da-da-da
Da-da-da-da-da-da-da
Da-da-da-da-da-da-da-da-da-da-da

For forty days or even more
The accounts went blue then red once more
All shorters were lost, there were only four
But still that basher did go (huh)

Soon may Dmitry come
To bring us divis, JVs and Palladium
One day, when the posting is done
We'll take our leave and go

As far as I've heard, the fight's still on
The posts deleted, and the shorters not gone
The Tillywhiz makes his regular call
To encourage the Bod, LTHs and all (huh)

Soon may Dmitry come
To bring us divis, JVs and Palladium
One day, when the posting is done
We'll take our leave and go

I think ppl should take 5 seconds out to google what MKT stands for................

@Year2020, I reckon that's right

Clearly a mistake has been made.

Either the Bn shouldn't have been there and it means "market orders at 28p"
Or there's more to it and it wasn't supposed to go out.

Since we don't know we continue to patiently wait

Let's not get ahead of ourselves.
Keep calm
Keep collected
Keep confident
Keep eyes on the prize

Good post Aandi.

Just a further point. The BoD absolutely cannot buy or sell now because it's still a closed period. They are clearly in possession of market sensitive data not available to the wider market.

Even without a sale this would be a closed period for the most inane reason imageable. Annual account are due in less than 3 months. LOL. If anyone can think of a more mundane reason they can't buy or sell, I would like to hear it.

BTW I say they can't BUY or sell because to be frank, if it wasn't a closed period I'm fairly certain they would be buying not selling. It's only derampers that are talking about directors selling. Much more likely that they would buy if they could.

No

I'm not reading any insane bird's posts because....... well, why would I?

But just wanted to point out that a) EUA is open pit, b) almost the lowest extraction cost anywhere and c) PGM prices have rocketed these past 18 months and are expected to continue rocketing.

Billions, if revenue increases due to PGM being worth more that does not add to the extraction costs.

Of course it costs more to extract 22.6M than 15M. Nice problem to have. So yes the calculation is rough, but the extra cost years down the line is probably immaterial to the above. If you want to knock off a couple of pence because of it, I'd be OK with that.

https://acfequityresearch.com/wp-content/uploads/2020/02/Eurasia-Mining-Plc-MA-Valuation-FINAL-ACF-03022020.pdf

As someone mentioned this morning, the ACF report is based on old data.

"It suggests a total value of more than $2.4bn..........
...........we assume Pd is only 40% of the resource (vs.
geology currently implying flanks Pd is 50% of resource) and we model only the
Pd production and free cash flows, which we discount using a risk adjusted
WACC of 30% for the entirety of the Monchetundra 15Moz asset."

To revise this to include 22.6M oz instead of 15M; to imply 50% Pd instead of 40% (it's actually even more than that), and then to use $3000 for Pd and $1250 for Pt instead of $2295 and $1012

$2.4 Bn x (0.5x3000 + 0.5 x 1250) / (0.4x2295 + 0.6x1012) = $3.3Bn
$ 3.3Bn x 22.6/15 = $5Bn

So MT alone is now worth more than double what it says in the ACF report. I didn't even adjust the WACC. So not 54.8-60.6p, it should be £1.15-£1.27.

This is for MT only.

Let's be clear. Not everyone who posts something negative is a shorter or has an agenda. Some people do just want to understand or have a debate.

But nobody would post hundreds of times and get into arguments every single day just to have an educated debate. This guy has an agenda and will not stop posting until the conclusion of the EUA story. There is nothing that can be said that will change this because it is NOT about having a proper debate, it is 100% agenda-driven.

Unless this guy works for Monty Python's argument clinic there is no other reason why he would still be posting this stuff every day. Nobody is that sad.

My advice - ignore ignore ignore.

Yesterday up 8%; today down 2%. You call that a pump and dump?
Are you brand new to the stock market or something?

"The big money is not in the buying and selling … but in the waiting.” Charlie Munger

All I can tell from the 8.3s is that BR didn't buy or sell any shares on Tuesday. We'll see at 3:20 if they bought/sold yesterday.