Member Info for holmdene

We are aware that PSB are challenging the price received for the sale of WK. According to last note the Oak Capital sale proceeds are needed to support Sino deal activation. Parag from note posted below. Ive no idea what we have in the bank now and whether it's even enough to start Toll mining. If we don't start mining in 2026 it's lost. I have no idea of they can raise again or get a bank loan via our our Russian sub. So talk about war as much as you want but if this PSB challenge delays state approval for wk sale then we face quite a problem.

Here is Oak Capital text

Eurasia’s renewed focus is firmly on its Arctic projects, which are large-scale and have tremendous reserves and resources. The company has always remained compliant with the licence agreements, which require Monchetundra to launch by the end of 2026. The team has devised a low-cost strategy to achieve this goal whilst minimising start-up costs. However, the company will need to invest funds to get this project off the ground, and the sale of West Kytlim was the only realistic alternative. There are insufficient funds in their Raiffeisenbank accounts in Russia, and, due to sanctions, the company cannot transfer funds from the UK into the country. The West Kytlim sale is important to launch in the Arctic in 2026. Eurasia has no option but to sell it, and shareholder approval must be obtained first time around.

I asked Yellow Jersey if this PSB challenge of the sale of wk affected the sale itself. Here is the reply. Make of it what you will

Hi xxxxx,

From our last communication with the Company, they believe that this information is not material in the sale of WK.

Many Thanks

Shivantha Thambirajah

Account Director

M: +44 (0)7983 521488 | T: +44 (0)20 3004 9512

Three Tuns House, 109 Borough High St, London, SE1 1NL

Money needed to help activate Sino and get us into late 2027. . We don’t know where our finances are just now. Wk not profitable and CS said new tax status could be revised against us. Do we really think they wanted to sell? If this court case drags on we have problems.

This is chatgtp opinion on possible outcomes of the psb challenge. As it state vs state it could just be thrown out. I’m sure we would have liaised with state over wk sale well in advance . You don’t go through all that without a nod. I’ve emailed yellow jersey for comment on the case and any hold up . Things up in the air yet again if we are going to activate Sino we will need the wk sale money

Challenge filed late May it seems. Surprised not been mentioned here

Based on what is publicly known, the PSB challenge could potentially complicate or delay matters, but it does not automatically stop Eurasia Mining’s sale of West Kytlim.

A few key points:

* The PSB action is aimed at challenging the sale of the West Kytlim asset as part of the bankruptcy estate of former billionaire Dmitry Ananyev. PSB argues the asset was transferred at a significant undervalue.

* The challenge appears to concern ownership and bankruptcy recovery issues, not the operational mining licence itself. Whether it affects Eurasia depends on whether a court finds that the disputed ownership chain gives the bankruptcy trustee a valid claim.

* In August 2025, an English court recognised the Russian bankruptcy trustee and allowed him to pursue claims connected to Eurasia Mining shares. That suggests the trustee’s claims are being taken seriously by courts, rather than being dismissed outright.

* Separately, Eurasia announced a conditional sale of its 68% interest in West Kytlim. The company stated that the disposal requires approvals and completion conditions before closing.

For shareholders, the practical question is whether the PSB/trustee litigation results in:

1. An injunction freezing assets,

2. A finding that ownership of the West Kytlim interest is disputed, or

3. A requirement that sale proceeds be held pending resolution.

If none of those occur, the transaction can still proceed while litigation continues. If a court grants protective measures over the asset or sale proceeds, then completion could be delayed.

My reading is that the lawsuit increases legal risk but does not currently appear to be a guaranteed deal-breaker. The strongest risk would be if the bankruptcy trustee successfully convinces a court that the West Kytlim interest forms part of Ananyev’s bankruptcy estate and should not be transferred without court approval.

If you’re holding EUA shares, I can also walk through:

* the likely legal scenarios,

* the probability of the West Kytlim sale completing,

* and whether this affects the much larger Arctic assets (Monchetundra/NKT), which are generally considered the main value driver for Eurasia.I’m

Libel my arse. I said I bet. It’s an opinion. That’s all. Get a grip. I rarely post here now I know why. There’s no discussion it’s just finger pointing . Bye

So why are you posting here? Are you still invested ?

Europe is desperate for Russian resources .. Watch this space

Why are you invested here?

You think BR can’t hide any holdings? Proxy accounts everywhere. Never say never cause there’s more happening than any of us know about . Many western companies will be champing at the bit at the massive opportunities.

In webinar CS was hopeful of peace resolution in H1. That isn’t happening. Two options. Remove Z via concerted US effort on corruption charges and stimulate peace or.. US away and just does deal with Russia. I bet Blackrock are already buying into EUA in advance. Blackrock are basically US govt so will have good inside info. US needs access to Arctic resources including EUA tier 1 mines

I think the company would accept haircut if exit tax removed. In ground value x300 of wk as CS said. So about $60 billion in ground value . Npv 5-10% of in ground is $3-6 billion valuation. Deductions 60% haircut, 35% exchange rate, 20% for MT ownership (not for nkt) , say 25% for taxes . I recon that’s close to 17p for a $3 billion valuation (5%npv) with just exit tax removed? Still gives buyer a bargain. Into 20ps with higher Npv. So according to oak capital it’s likely Arctic deals won’t have same penalties for sales. But even exit tax removals gives a reasonable sp. We don’t need peace finalised if Trump really wants Arctic deal done But he can’t afford to wait . He needs to dump Z soon and sign the deal before China does deal with Russia. Russia would love Western money and Krill talks with US have Been frequent on this. But Trump needs to move well before mid terms, likely this summer. If EUA activate Sino I think it’s because a deal via reduced haircuts in Arctic nor imminent. Not my favourite option . We could get 10-12p with full haircuts with a fair wind and good valuation and high Npv

Nope.. I have no idea of time

At 1.5p I would say buy more likely

Agree. EGM detailed agenda unknown. Hopefully at least cash transfer related

The last thing EUA is is leaky. A £15k sell cause someone knows there’s bad news tomorrow is rather naive

final price is after uncrossing trade. it’s bull**** by mms. blue tomorrow back to 1.5

Yeah I’ve heard that suggested elsewhere

Additional info to comments by Layla1 and Besstofbodmin?