Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I can't share files on this site but there is a new document out in Russia that covers a lot of the Rosgeo JV. Written by Ivanchenko the lead geologist for Rosgeo in North West region. Posted on twitter and link below if they allow it to work, to access an English translation. Well worth a read. Huge amount of detail, over 50 pages and hints at finding more resources in future.
Russian File
https://www.sibran.ru/upload/iblock/9fe/9fe8aee020bb72a493953cee605bcf15.pdf
Translation
https://research.powerof78.com/post/sulfide-pgecuni-and-lowsulfide-ptpd-ores-of-the-monchegor-ore-region-western-arctic-sector-12232390?pid=1331534179
Amazing news today, going to see JORC on every asset in the coming weeks it seems. A focus on Nickel & Copper too, seem to recall a certain South African firm mentioning they wanted these metals in their basket at their investor day.
Original MT - 1.9Moz PGM reserves
NKT (Underground) - $1.2-$1.7bn (will increase when extra work done to convert to reserves)
NKT (open pit) - TBC
Nyud - TBC
Rest of Rosgeo JV - TBC
Market Cap almost irrelevant, Wardell are going to tell us the share price over the coming weeks, step by step, penny by penny. So at what point does the buyer insist on closing the deal... fascinating battle ahead!
Will try to update valuations at some point but I think the experts deserve the plaudits today, congrats to our Board and Wardell on this first report.
Tamerlan Abdikeev, Member of the Board of Directors of Eurasia Mining PLC and Head of the Tokyo Office of Eurasia Mining PLS, also positively assessed that interaction with the KRDV will allow Eurasia, currently the majority owner of TGC, to receive additional state support and various tax and non-tax benefits for the implementation of projects in the Arctic zone of the Russian Federation.
"The international authority and experience of the team (consisting of natives of Norilsk Nickel, Rusal, Polyus and other large companies) Eurasia Mining PLC, which includes TGC, will help attract foreign investment to the region for the further development of the project. We understand that the production of platinum group metals, as well as nickel, copper and cobalt, provides access to two key technologies: the production of electric and hybrid cars, as well as to renewable hydrogen energy, which is currently being given world attention. PGM is a key component that is used at all stages of the production and use of "green hydrogen". We are pleased that such a significant project for the ecology and economy of the macro-region has received the status of a resident of the Arctic zone of the Russian Federation, and for our part we will do everything possible to promote its successful and timely implementation," summed up Vladimir Gudkov,representative of the KRDV, Director of the Department for Support of the Implementation of Investment Projects of the AZRF.
Information on Eurasia Mining PLC's activities in the development of mining deposits in Russia and the cooperation of Eurasia Mining PLC with KRDV and JSC Rosgeo is available on the Eurasia website at:
https://www. eurasiamining. co. uk/investors/news-announcements
According to the Corporation for the Development of the Far East and the Arctic, 278 agreements have been concluded with residents of the Arctic zone of the Russian Federation, the total amount of declared investments exceeds 317 billion rubles. It is planned to create about 11 thousand jobs. You can become a resident of the Arctic zone of the Russian Federation by submitting an application on the Arctic Russia portal.
JSC Terek Mining Company (part of the Eurasia Mining PLC group headquartered in London) initiated a project for the exploration and production of "green" platinum group metals and "battery" metals: nickel, copper and cobalt. As part of the agreement on investment activities in the Arctic zone of the Russian Federation with the Corporation for the Development of the Far East and the Arctic, the project will be implemented in the Murmansk region. The volume of capital investments will amount to 3.15 billion rubles and more than 380 new jobs will be created.
According to Konstantin Firstov, General Director of JSC Terek Mining Company (TGC), Eurasia Mining PLC is a producer of palladium, platinum, rhodium, iridium and gold, has a portfolio for the extraction of "green" and "battery", has a mining license for deposits with reserves for open mining in the Murmansk region.
"Our company is working on the Zapadny Kytlym field in the Urals and is the operator of the Monchetundrov project, which includes two palladium and nickel deposits located near the city of Monchegorsk on the Kola Peninsula. The advantage of the project is open-pit mining with low cost and without environmental problems. The status of a resident of the AZRF will make it possible to enjoy the benefits and administrative support provided to investors in the region," said Konstantin Firstov, adding that a legally binding agreement was previously concluded with the KRDV on assistance in the implementation of investment activities in the AZRF.
"The directors are pleased to sign a legally binding agreement with the Russian state-owned Far East and Arctic Development Corporation, which helps to secure our property rights not only through licenses, but also through all relevant land rights. The agreement with the KRDV is a critical milestone in our strategic development both in relation to the rights to projects that belong to Eurasia, and in relation to various tax and non-tax benefits that increase the value of the company, "said Christian Schaffalitsky,Executive Chairman of the Board of Directors of Eurasia Mining PLC.
James Nieuwenhuis,Ceo of Eurasia, emphasized: "We have crystallized our ownership of projects and enjoy full state support both from the state-owned Rosgeologia and now from the state-owned KRDV, subordinate to the Ministry for the Development of the Russian Far East and the Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District. We see significant state support for projects in the Arctic, where all the Kola projects of Eurasia are located, as well as all nine projects from our agreement with Rosgeo. The agreement with the CDF will benefit both Eurasia-owned existing projects and joint projects with Rosgeo, as well as future projects that Eurasia can implement in the Arctic and the Far East."
Morning all, been a long time since I posted here so hope all the genuine investors are doing well.
Just wanted to pledge my complete and utter support to the Board of Directors, always loved their strategy and the latest developments are mind blowing when you look forwards to the Kola District taking on Bushveld and winning hands down on cost and ease of mining in an ESG manner.
Fully appreciate the current share price is frustrating to many, completely disconnected to asset values now.
Researching the Japanese angle, encourage everyone to read Alta Traako excellent report i hosted this morning on the Powerof78 website - seen the link given earlier so won't repeat.
Holding long and strong, hope all have a great day
Morning all and hope everyone had as pleasant a Christmas as possible this year.
Just to say I don’t believe for a second in a partial sale, I firmly believe in a full company sale with possible 2 buyers, one for MT and one for WK (they appeal to different types of buyer)
I tweeted yesterday that the DFS coming through would be the final hurdle a buyer of WK would want to see before committing.
Similarly confirmation of resources in the flanks after Absolute Precision would be something a buyer for MT would desire.
Shouldn’t be much longer for the DFS but would understand if slight delays in timeframes for the authorities granting this. But in my eyes a given after the working meeting approval earlier in month.
All the best
Happy to confirm I'm holding all my shares until the sale goes through. Wasn't meant to be negative earlier, merely seeking to correct/update something that started in the telegram group that I run.
Whatever NN are discussing on the 5th November is their business, not ours. Can only be speculation it is relating to EUA when it doesn't say on the agenda.
Further to this, they have an EGM whenever it isn't an AGM, that is just naming convention. 1 AGM a year and as many EGM as needed. In between, multiple Board Meetings.
None of this alters what is in the ground, the excellent M&A team that EUA have put together, along with the strong Palladium price.
These are the important aspects to remember as we patiently wait...
Hi Dickie,
Ref the previous years, this link demonstrates they’ve used the exact same wording to discuss dividends.
https://www.nornickel.com/upload/iblock/806/the_meeting_of_the_board_of_directors_of_the_issuer_its_agenda_and_particular_resolutions_approved_by_the_board_of_directors_of_the_issuer_06_11_19.pdf
Any meeting of shareholders that isn’t the AGM is an EGM by default. They have a vote to decide acceptance of the dividend for Q3. That’s all this relates to at this time.
Maybe we will find out about the contents of the meeting scheduled for 5th Nov in due course. I’m certainly intrigued now to see what it relates to.
Morning all,
Looking back further at NN Board Meeting and wordings, the meeting today to discuss the dividend for Q3 uses the exact same wording regarding a “reasoned viewpoint of the board” as it did in Nov 2019. It relates to the dividend itself, with the EGM in December to approve the dividend. They have to give at least 30 days notice for anything requiring a shareholder vote.
The meeting scheduled for 5.11 to discuss a transaction is a board meeting and it can only be speculation as to that content at this stage. Whilst we’d all like it to be regarding Eurasia it could literally be about any transaction. They had one a few weeks ago about Thyssen as an example. This time around they haven’t provided details in advance of the transaction to be discussed.
I’m sure our rewards will come in due course but I don’t see anything in this to get too excited about for the time being.
All the best to all genuinely invested.
If EUA produced 400Koz a year and sold at $2100/oz... let’s do some numbers with actual figures given by the company in interviews, presentations and RNS.
They have stated AISC of $350/oz so you have $1750/oz profit, not the paltry figures you’ve produced.
That would be $700m a year for 400Koz
Then let’s work with the stated target of 1000Koz a year and we have annual profit of $1750m
Then we have 15-18years of this level of profit and likelihood of Palladium rising way above $2100 as the world strives to reduce emissions and you think it will sell for less than one years annual profit.
Then we have West Kytlim to consider, whilst smaller it is a nice cash cow for the company to own.
Deluded as ever PATT, deluded.
I’m sure there will be more Institutions invested, but for anyone wanting a little confidence booster that they are in good company holding EUA shares for the conclusion of the FSP.
Analysis has shown average FSP for a successful outcome is around 120 days, which would be end of this month, start of November time. EUA is not average though, complicated deals take time to put together...
Nanjia Capital - based in Hong Kong
https://app.livestorm.co/oligo-swiss-fund-services/nanjia-civetta
click the link to find their August factsheet
https://www.dropbox.com/s/nrp5xy8faee85gv/Civetta-Nanjia-UCITS-Class-F-August-2020.pdf?dl=1
Van Eck – hold 2.9m shares
https://www.vaneck.com/etf/equity/rsxj/holdings/
Commodity Discovery Fund – held for many months now
https://twitter.com/wmiddelkoop/status/1312033852878196737
Willem is a very experienced and highly respected industry professional.
If anyone finds further proof for the naysayers, let me know!
As Anders has just said, strong holders are not selling a single share. I won’t be either.
This is just the nomad doing what they think they need to do. The company wording is clever - no new developments since 30 Sep. So there hasn’t been a leak, any updates after today are not priced into things yet. They aren’t denying the following :
- formal sale process continues
- DLA Piper working on legal side of FSP
- UBS and CITIC leading the FSP itself
- Monchetundra licence issued
- West Kytlim now producing PGMs
So if you bought shares in EUA for the likelihood of a sale, there are no reasons today to sell. Just another day towards the final sale.
Onwards and upwards
Evening all,
Just to say the Kommersant article from February was written based on the 1.9Moz they had at the time, so when Alexei spoke about EBITDA of $250M at full production it is for the original SinoSteel plan and not the newer 1000Koz put forward more recently.
Similarly, talk of selling the asset should be seen in the context of being prior to UBS coming on board.
Hopefully the coming weeks see the FSP conclude and we learn who has won the race. GLA
Rowka, we’ve said this before. Telegram is not a hidden platform, anyone can join the other 750 people discussing the share on a daily basis, fully open to all, including your good self.
I would not be arrogant enough to describe anyone as riff raff either so please don’t put words in others mouths. If you post with a 10x error it is going to get noticed and was dealt with in a respectful manner it would seem.
I’ll leave you to your war games, the battle you describe is purely for these pages it would seem, nobody else.
Reading comments about playing hide and seek last night, would just like to say that this is completely true. My main focus in life is making sure my business remains viable through a tough year and that the dozens of people relying on it for their income continue to have a job and can work safely. So I’m hiding in the real world most of the time now and don’t comment as much as I used to.
Whether you prefer to use Telegram, Twitter, LSE or some other platform to discuss EUA shouldn’t be a talking point though. We are all here for the final sale whether it be 78p or £78. The figure the board puts forward is the only one that matters.
The appointment of DLA Piper is hugely significant as an indicator of what stage the FSP may be at, looking forward to the next few weeks as the offer RNS may drop at any time and those trading or shorting will find themselves on the wrong side of the fence when it does.
All the best
Good Morning TomTwit,
Did someone steal the toy from your cereal packet this morning?!
I’ve been posting on LSE for over a year now, also have had several enjoyable conversations with Rowka in private about the immense value contained within EUA assets, so if you’re trying to cause trouble you are sadly going to fail!
The telegram group is fully open, nothing to hide.
PP - why are you persisting with saying this is a concern?
The subsidiaries that hold the licences cannot sell or transfer the licence, but there is absolutely nothing to stop that company itself changing ownership. You’ve said that on your copy paste from Thomson Reuters analysis earlier on.
It is clearly constructed so the company that holds the licence is based in Russia and as such pays taxes in Russia. Nothing to stop the owners being based anywhere else in the world.
As an example, Norilsk Nickel operate several licences and their shares are traded on several global indices. Nothing to worry about. Really isn’t
Just a reminder that EUA holds the licences through 2 distinct subsidiaries, one for MT and one for WK. So nothing to stop the company selling one or both mines to different companies.
So it will be a Russian company that holds the licences, a Russian company that pays taxes on their activities and the ultimate ownership will be of less concern than the revenue it generates for the Russian economy.
If the federal state was concerned they wouldn’t have granted approval for the mining licences. They have done because it isn’t a concern obviously.
Was going to post but you beat me to it.
So Van Eck took nearly 3m shares - a little retort to those fools still making up rubbish.
Sitting patiently whilst we await the life changing sale.
Stay safe all