Member Info for holmdene

Deferred until a sale .. it’s been stated

But there were complications around concentrate stock info and accounting system upgrades.

And they changed the auditor after that!!!

Non execs have no control over company finance but can help with compliance

The audit passed!

Hi Dmitry and Artem how are you doing?

Given deferred payments and key role in corporate governance (absolutely need) voting against election of these guys is pretty bloody stupid with no one else to take their place

As of the latest annual report, both remain Independent Non-Executive Directors of Eurasia Mining, but they also have specific committee responsibilities.

* Tamerlan Abdikeev

* Independent Non-Executive Director.

* Chair of the Audit and Risk Committee.

* Member of the Remuneration Committee.

* His background is in investment management and cross-border M&A, including roles at PIMCO and his own advisory firm.

* Kotaro Kosaka

* Independent Non-Executive Director.

* Member of the Audit and Risk Committee.

* He has a background with Mitsubishi Corporation and has also served as Chairman of the Kono Foundation.

Neither of them holds an executive management role such as CEO, CFO or Executive Chairman. Their responsibilities are primarily to:

* oversee corporate governance,

* scrutinise the company’s financial reporting and risk management,

* oversee executive remuneration (for Tamerlan), and

* provide independent oversight of management.

Given Eurasia Mining’s current situation, where its principal strategy is to dispose of its Russian assets, their roles are largely governance and oversight rather than day-to-day operational management.

A lot of their remuneration is deferred . They also have roles in corporate governance which can’t be ignored.

Nice one

Yes old news

I suspect more recents valuations after combined mt/nkt valuations and taking on board we now have Trav back to be nearer $3 billion and more . I’m not sure where your 70% deduction comes from current hair cut is 60% and exit tax 35% if we can at least get exit tax removed from Arctic sale I’d be happier. But just now it’s 95% total loss , then exchange rates deduction then taxes and fees. That really affected the bottom line for your case scenarios

Been doing a bit of research and this is what I found

The current AGM filings do not pave the way for a large immediate equity raise

A raise only after peace settlement if WK not sold (increased WK valuation)

Far East and Arctic Development Corporation deal grants MT exclusive localised tax holidays and investment subsidies keeping operational overheads near zero

We do not need to raise or inject more cash to support or activate Sino. The 15% down payment is covered by TGK taking money out of sino sub contract and handing it back to Sino. We just need mining plan approved.

Sino is factored into financial statements. Its an off balance agreement and isn’t listed cause not yet drawn down.

Activating Sino counts as fulfilling mining activity requirements Doesn’t need to physically dig ore but site preparations counts

Toll mining secures licence indefinitely whilst Sino build

The standard mechanism for toll mining is for third party refinery (NN) to provide offtake financing. EUA guarantees delivery of high quality ore and loan is paid off automatically out of revenue generated. Local Russian contract mining firms bring own fleet to dig

As part of FEADC EUA or Russian Sub get preferential local bank loan credit lines backed by state development mandates, allowing TGK to secure short term capital

Been thinking about Ann report wording again. It talks about reevaluating wk sale if peace settlement occurs before sale approval. I . But why hold back sale when $9 million is guaranteed . And what’s happened to "sacrifice the pawn to save the queen". They say no raise would happen until peace settlement if wk was unsold. So why suggest such a strategy now. I can only think of the PSB court case pitting wk sale on hold . So I wonder if there’s an option to actually use profits from wk made after the wk valuation was made. Clearly stored concentrate at the time of valuation was factored in to the valuation but that was a while ago. the 5 million dollar penalty wouldn't apply of the court case holds us up...not the fault of either party. The key question is how toll mining is funded in 2026 to comply with licence requirements. Lots of questions for AGM. CS and DS have a huge percentage of company shares and CS has invested 25 years in this. Getting funds to start toll mining shouldn't be that hard I would hope

24 months from March

So what happened to we need to sell because of fear of Nationalisation? I think the psb case may well hold up wk sale proceeds going to fund toll mining anytime soon

Eurasia has modern war is ending . It has to fund mining in 2026

No

A raise after conflict ends instead of possible WK sale but not before? But only if haircuts cuts not removed yet WK vale approved. I wonder what the buyer thinks about this possible backdown. We have to mine in 2026 so how is that going to be funded if no WK sale. The PSB court case challenging WK sale is not even mentioned. The Queeld share ownership issue is an irrelevance it is the new case that matters specifically to our cash flow. . "No assurance that any sale transaction will be concluded" and that includes WK!! They are preparing us for a raise!!! I still believe the WK money cannot be released until PSB case is sorted. They are still hiding things imho especially alternative funding for Toll mining in 2026,, Now no mention of getting out of WK due to possible Nationalisation. I do not see this as a helpful report lots of information gaps

Directors loan? Offtake agreements with NN? Loan to our Russian subsidiary ?