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So when a seriously well connected Russian Investor posts an update to 107,000 subscribers, it has impact :
“ Good news comes to us from foggy Albion.
Eurasia Mining gave a small press release.
Generally, tricks. The crisis sat in the "suspension". The markets have become more fun, the guys are reporting - everything is under control.
Also, the new director of Iain Rawlinson, a lawyer, a former top manager and partner of Fleming Family & Partners, with extensive experience in transaction support, including Highland Gold, joined the company.
I believe that the negotiation process for the deal is now moving into practicality.
@bitkogan”
I like the sound of this a lot. The deal is moving closer. Ignore the naysayers and keep tight hold of your shares!
Happy Birthday mac4671 - I hope this is a sufficient present to enable an enjoyable day for you!
Nice to see the RNS land, first step along the way to a lovely sale of assets.
Just remember this, while we remain suspended and the company drops positive news like this, the value will be increasing and the shorters can do nothing about this. I tip my hat to our excellent Board of Directors and as ever look forward to the next RNS...
well I must be one of the few that haven't rung EUA to ask, but I have a good feeling about it. Someone rang me earlier and was of the same opinion. So that's 3 of us!
Better to be positive than negative I think...
Happy Birthday in advance!
2 weeks ago : "I normally refrain from such things but I’ll go for 27th May for the nomad RNS please. No specific reason behind this but If I’m correct, I’ll donate a further 2000 shares when EUA sells this year to the Salmon & Trout Conservation society, in line with a pledge made a while ago on twitter..."
Just a reminder of my pledge, if the RNS lands on Wednesday. More interested in the newsflow after Nomad but appreciate it is the next step we need to see before everyone can refocus on the importance of 15Moz Pd for sale...
Simply put. It is a fact they haven’t appointed a nomad yet. I will always agree a fact is a fact.
It is your opinion they are struggling to appoint a new one
It is your opinion the previous RNS shouldn’t be believed.
It is other opinion they are waiting to appoint to coincide with other news to blow the shorters out of the water
It is other opinion that the previous RNS are hugely important. Especially the April 9th one that gives a huge set of clues to the next steps.
Keep trying all you like. It really isn’t working.
Fear only works if people are afraid. Negative opinions only work if they are left unchallenged.
The only real ‘facts’ as people talk about so often are the actual prices of Palladium and platinum.
With regard to EUA, it is a fact that the RNS state a certain level of resource. It seems to be opinion whether to believe it or not!
It is also opinion that 15Moz of Pd will fetch at least $100/Oz for a company sale - but it is opinion based on looking at the facts of every other sale of a PGM company in the last 4 years. This gives $1.5bn.
It is optimistic opinion that it could go for max $300/Oz given the price of Pd. This gives $4.5bn.
It is more opinion that several buyers would want this resource, based on the low AISC $325/Oz.
It is a fact that South African miners are struggling with reduced output due to coronavirus and ongoing power cuts.
It is opinion whether Pd demand and pricing will be higher or lower in future, but fact that there is a structural deficit currently.
Is is further opinion that EUA won’t get a nomad and will have to delist. It is fact that in this scenario you would retain your shares though. Until we get to Friday 7am it matters not. Should a nomad be appointed, I hope this topic disappears quickly.
It is more opinion whether people will sell their shares should we relist. It is a fact I will be looking for a lot more, another million or so. It is also fact several funds want to buy more than me, but you have to treat this as my opinion!
And so we go on. When there are facts you can rely on, they can inform your opinions or you can disregard everything factual. Your choice.
Going to be a good week would be my strong opinion.
For anyone reading who wants a positive view of EUA without the interruptions there is an excellent channel on Telegram with several contributors. Not official or linked to company in any way. DYOR etc
https://t.me/EurasiaMiningC
well said Ian.
So much to be positive about this coming week, a series of events that have those short on EUA sweating profusely. The only sweating people should be doing is in the back garden enjoying this beautiful weather.
I always take comfort from the deramping attacks - they don't bother with a poor share and the more they attack, the more you know they are worried.
Just a quick message to wish all EUA investors a pleasant Bank Holiday weekend. A lot to look forward to, we will soon know what has been going on and I remain as confident as when first investing last year.
Since 2008, when Dmitry joined Christian at EUA, it has been crystal clear they want to maximise the value of mining palladium at West Kytlim and then Monchetundra, waiting patiently for the right moment to announce discussions with banks. Applying for additional licences along the way to enhance things further. Adding strategic advisers who work with the biggest banks and finance centres on a global level. This isn't your usual penny stock, this is a fully funded operation that knows it has one of the lowest cost PGM assets at a time of structural deficit for Palladium that isn't going away.
It is all coming into place, so I ignore the naysayers, those who wish to attack and plant doubts. Our Directors are seasoned professionals who give us everything we need in RNS to work out where things are headed.
Sure we see setbacks along the way, I don't wear rose tinted palladium specs, but they will sort things out as they have done previously. 12 years hard work, the reward will be more than worthwhile...
All the best and stay safe
Hi Ian,
I normally refrain from such things but I’ll go for 27th May for the nomad RNS please. No specific reason behind this but If I’m correct, I’ll donate a further 2000 shares when EUA sells this year to the Salmon & Trout Conservation society, in line with a pledge made a while ago on twitter...
yawn, is the best we can come up with - of course the accounts in the past don't show a positive cash flow.
Nobody invests on the basis of the past, we look forwards and assess the reward vs risk.
All for balanced debate on any platform, especially when the 'negatives' are as pointless and repetitive as this
Nice to see the pictures and video clip this morning. Serves a couple of useful purposes :
1. reminds the world we have an active mine at West Kytlim that is clearly going to produce a lot more in 2020. 5 trucks or more in the video, clearly going to be moving many tons this year.
2. company is getting on with business, all the rubbish about a scam is just that, rubbish
Building an income stream whilst awaiting news, reassuring investors, another move closer to the action.
Should have added - thank you TheMack for postings today, only reason I looked at LSE was someone praising them in another group, great to see constructive opinions about the future of the share we are invested in.
For those short on EUA, I hope you find some comfort in the coming months, maybe a large cushion will help you sit down?
Time to tune out and focus on what Boris has in store for UK, stay safe everyone
TDT - the tweet wasn't from our BoD, it was from an adviser to CITIC. If you are going to throw some mud, make it accurate or it will be refuted readily.
TheMack - a better constructed reply, but as above, doesn't shoot down anything when a tweet from an outsider to EUA caused the suspension. No evidence to suggest Eurasia had involvement in this, as you say. Maybe if we consider for a moment, that the adviser to CITIC is working on his agenda in this giant game we call business. Eurasia and WH Ireland needed to clarify the situation, suspension the only option.
To clarify further, at no time have I stated the Nomad issue has held up discussions regarding asset sales, the Nomad delay relates to the appointing of a new Nomad, nothing else. With offices working from home, a delay was perhaps inevitable however undesirable.
With regard to predicting the future share price, I only draw on events since September, the direction of travel, the intention of some fund managers etc. Like you say, people within industries know a lot about their industries. We use this information to inform our opinions and investment decisions.
The upside for LTH is whatever the company sells for, onwards and upwards indeed.
Unlike some special people who claim to know the ins and outs to within a few minutes, I prefer to consider what is likely in the coming weeks and months. Our Board of Directors are professionals, the notion of a leak is not worth considering.
RNS - Whilst it would have been better to stick to original timings, this didn't happen. Not the end of the world. Now we are in a period without a Nomad, it makes some sense to wait until w/c 25th May to announce the Nomad appointment, gives the company longer to add extra information about flank approvals or opening bids.
When trading resumes - some people will want to sell, many investors and funds will wish to buy, share price will react accordingly. Rose 100% in the couple of weeks before suspension so no reason to doubt this will stop. Could see 15-20p by end of June if buying pressure continues.
Sale of Monchetundra - main asset to be sold, expect to see some bids this summer that recognise what 15Moz of Palladium are worth over the next 20 years (over $25bn after AISC of $325/oz taken into account). Norilsk Nickel in pole position with proximity (as recent RNS kindly reiterated). Max price once flanks approved $2-2.5bn
Sale of West Kytlim - keep producing until it is sold to maximise revenue. No need to sell on the cheap, expect minor producers to be interested. Makes sense to sell at similar time to Monchetundra if suitable bid received. If recent plans to increase production are feasible, expect Max price $500m
So as many others have said before, Eurasia could be worth up to $3bn when sold in full. So much room to grow from current 7.2p, look beyond the Nomad 'issue', once it is sorted it will be full steam ahead...
Hi,
PowerOf78 is the combined efforts of a few shareholders, myself included. A significant percentage shareholding between us. Positive investing and opinion on Eurasia Mining for anyone to look at and remind themselves why they invested or why they might want to invest.
Nice to see the debate between genuine investors such as Joey, Ian, PP and several others against the increasingly one dimensional deramping bot flies.
I don’t post as much as I should maybe, but I do spend time talking to other investors, actual conversations with significant shareholders and the occasional fund manager.
- If we come out of suspension with a deal agreed, that’s great, we know the profit we will all make. We know how much the shorters will lose.
- if we come out of suspension without a deal, there is significant firepower waiting to buy any shares that come up for sale. They started before and will continue. As news drops the price should rise nicely.
So all the antics on LSE are of little consequence to the bigger picture. Those invested have plenty to be looking forward to. Those with a negative slant have plenty to worry about.
I’ll take a nomad RNS before 29th, flanks when they land, bidding commences, offers arrive.
Going to be a nice summer, as with most things, timing is everything.
Interesting talk on a special dividend for an asset sale - should this scenario occur it would leave the Board of Directors with all their shares still, but less assets to work with, other than a pile of cash. They are heavily invested and will want the best outcome for all this skin in the game.
Given their background in corporate finance and deal making, I think it more likely they are working on a full company sale, probably with different buyers for Monchetundra and West Kytlim. Of course they could transition into a fully fledged mining firm from exploration but it seems less likely. Full sale enables them to move onto their next project like Dmitry with Lybrion or more likely the Volchetundra region.
Good Morning All
Done a little examination of the benefits derived from increasing the mining production at Monchetundra and West Kytlim from current plans.
Details are on my Twitter and the Telegram - Eurasia Mining Channel but in essence :
Monchetundra - When flank approvals are finalised they should increase production from 128Kz a year to 1000Koz. Extrapolating from SinoSteel plan, this would involve approx. $1bn capex program and take around 4-5 years to come to full capability. This will see the 15Moz extracted over 17-18 years and yield approx $25.4bn for the asset owner.
West Kytlim - as indicated in Kommersant interviews Feb 2020, with the Tipil extension they could achieve 60Koz a year production, yielding approx. $1.6bn for the asset owner over 18 years.
This would indicate the new owners can work towards $27bn profit (after tax) during the lifetime of the mine.
Now the question becomes, what will a company (or maybe 2 companies) pay to get their hands on the last unconsolidated palladium play that could yield $27bn tax paid profit, over the lifetime of the mine.
At a pessimistic 10% discount, it would be in the region of $2.8bn or £2.3bn.
For a £200m market cap company to be in control of such an asset is a rare opportunity. So when trading resumes in the coming weeks, lets see how many investment funds want a slice of the action before the bidding truly starts.
Stay safe
Comparing this situation to others in the past isn’t easy as every company is different. We can all throw up examples of X and Y but to what purpose. Some here wish to confuse and sow seeds of doubt. There has never been this level of palladium up for grabs during a time of structural deficit for the resource.
Focus on what is ahead and it gets clearer :
15Moz of Palladium - other deals in the sector have takeover prices from $100-$300/oz, so we set a range of $1.5bn-$4.5bn. Adjusting for higher Palladium price since last completed deal suggests at least the middle of this range at $3bn as a target.
Palladium Demand - already rebounded in China, with more people seeking new cars to avoid public transport. Higher loadings of PGM to reduce air pollution.
Board of Directors - experienced Mining Leaders combined with dealmakers and investment banking skillsets. Never a hint of concern, acknowledged as one of the strongest on AIM
Operations - everything in place for 2020 season at West Kytlim to maximise income before any sale of assets.
RNS history - since September very clear guidance on intentions and progress on flanks and operations throughout. Some firms go months without an update.
Nomad resignation - for balance I totally acknowledge this has rattled people. But they have said they are in advanced discussions and believe the appointment will take place. I’m guided by the RNS, as ever. All we need is a new nomad in place by May 29th. This will end the discussion and remove it from people’s thoughts.
I’m relaxed today, same as last year when I invested, same as on Feb 11th. Dmitry, Christian and their team have worked years to make this opportunity possible, a few more weeks isn’t a cause for concern to them or genuine shareholders I’m sure.