Member Info for Ian_

Hi, Long,

Banjo2, has his Birthday! on that day and he is hoping that the sold RNS fall on the same day :-)

That is all

Good luck.

Morning Banjo,

Yes, you are down for the 22nd April, good luck mate.

Morning Newtothis,

"Ian, it’s not an Emergency meeting as you seem to think, it’s called an Extraordinary General meeting and is very common for companies to hold them despite the name"

I will take it on the chin, I used an incorrect explanation of EGM, so please accept my apology :-)

BUT in fairness -

"The extraordinary general meeting is utilized to deal with URGENT matters that come up between annual shareholders' meetings"

So what I was trying to convey anyway.

Morning Saxon, already have you down for the 4th of May, good luck mate.

Good morning all, and an even colder start to the day, the sun will be out soon to warm the place up.

You know my current theory,

I posted it up a few days ago!

The BOD is land grabbing as much extra real estate as they can at the last minute!

They have just spent a very small amount to stop anyone else from being able to box them in, they now have unlimited expansion potential!

Posters think that with the last RNS that mentioned the 'WORD' rights issue, the company is thinking of going it alone!

Not to me, it doesn't!

It is purely a housekeeping exercise, in this particular case, last year this resolution was not passed because of a problem in vote counting, and as stated, NOT needed anyway due to having just raised millions by selling shares at par!

This missing resolution to enable the company to raise funds by a rights issue has been present in all previous AGMs and voted in favor of, so passed with NO problem!

The fact it has just raised its head, and because an EMERGENCY General meeting has been called to fix this omission, posters think the worst and think the sale is off, and we need to raise funds to go it alone!

Well, sorry, the sale is still full-on, we have NOT been told otherwise by any RNS?

This missing ability to allow the company to do a rights issue will be seen as a weakness in any negotiation by any other party, most if not all companies have this proviso, it is standard business acumen to have another way to raise capital, IF ever needed.

My logic is this -

The company sort a DFS, it recommended mining from the two mines, concurrently to maximize output!

The company responded by RNS stating THAT is NOT their plan!

Rember that Sinosteel loan -

"This new contract is basically a loan package and EPC contract, so a turnkey operation to develop the mine and plant to extract platinum group metals, precious metals, and base metals from the deposits we've been exploring.

“It's basically a one-step turnkey contract with financing already conceptually in place for when we get the go-ahead from the Russian government to develop the mine,” Schaffalitzky added.

Sinosteel will construct and commission the mine with the contract in total worth US $176mln"

They have been kicking that loan down the road for years now!

To me, the company is just grabbing as much as it can in the final throws, it wants to give the impression of maximizing its mining output and profit, but knows the full cost involved is prohibitive and better for the big boys to take on!

The only reason to get this resolution passed with an EGM when they could have waited till the NEXT AGM is it is required ASAP!

So if it is required so quickly, and very unlikely to be used as intended, cash not a current issue, that can only mean one thing!

WE are on the verge of completing a sale!

Only me applying some logic to what I see, what do you think?

Today's only hopeful is:-

Hu44122 - 13/04/21

Good luc

Evening all, no last-minute RNS today!

After all the negative hype we ended the day up on the news from last Friday, everything the BOD does lately is seemingly accretive in some way!

Today's hopefuls were:-
----------
NitroKev - 12/04/21
Carskennygreen - 12/04/21
SkankerMan - 12/04/21 - Happy 53rd Birthday!
Hawkspear - 12/04/21 - Happy Birthday for yesterday!
PokerSam - 12/04/21 - Happy 62nd Birthday!
----------
Bad luck all, NO major RNS today, but we did end the day up 1p .....

Have a good evening all, cheers.

We did try and point out all the goods points with last Friday's RNS's and said they were both good news for the company and us going forward!

The Negatives tried to suggest that there would be a great sell-off of stock today and the price would fall!

I said it was good news, and it would seem most investors agree and can see what the company is trying to achieve!

There has been NO great sell-off, don't like to say told you so!

Good luck to the genuinely invested! our day will come!

And that new Japanese non-exec director appointment is just an amazing coop for the company!

Watch this unfold :-)

Morning Jester,

Who is your post aimed at, please!

Good morning everyone, another cold start to the day!

After last Friday's two RNS's one of which was just a general housekeeping update that should have been voted on and passed as in other years, but did have an urgency about it by the company wanting it done ASAP, rather than just wait till the next AGM? interesting! me, I think it is just for strategic planning! time will tell.

The other RNS was about the appointment of Mr. Tamerlan Abdikeev as a non-executive Director of the Company and the head of Eurasia's office in Japan ("Eurasia Japan").

"Tamerlan has held various positions in the financial industry in Asia and Europe. He was in charge of corporate planning at the State Street Bank and business development director at United Investments Japan. In 2005 Tamerlan joined PIMCO, a global investment management firm with more than US$2.21 trillion in assets, as part of the business management function across Asia Pacific (China, Singapore, Australia) and established the company's Hong Kong office in 2006. Later he relocated to PIMCO Europe in Munich, assuming responsibility for regional business development covering Russia, CIS and Eastern European markets. After returning to Tokyo in 2010 Tamerlan founded INVERO Advisors, an investment, strategy consultancy and M&A boutique focusing on private equity, project finance, global strategy, business development and cross-border M&A"

Wow, EUA now has a 'Big Cheese' in Japan, ........ I wonder WHY?

Today's hopefuls are:-
----------
NitroKev - 12/04/21
Carskennygreen - 12/04/21
SkankerMan - 12/04/21 - Happy 53rd Birthday!
Hawkspear - 12/04/21 - Happy Birthday for yesterday!
PokerSam - 12/04/21 - Happy 62nd Birthday!
----------
Good luck all,

AIM has the 'sell on the news' type of investor, so EVEN a GOOD NEWS RNS is likely to be SOLD down on!

Don't let that fool you, daily share price variations should NOT be taken as to the company valuation in a sale!

Have a good everyone, the BOD are very astute! and you will have a hard time second-guessing them!

I Don't think they want to dilute their shareholdings, up to you, if you think they do!

Let's see what unfolds going forward!

Cheers.

Now, where have the last 100 posts gone too! back to 10 am for me!

Evening,

What Mac states is correct and from an RNS!
"Company does not intend to pursue these resolutions having fulfilled its funding requirements as announced via RNS on 18 August 2020 (General Update and Institutional Placing at 22.5p"

We know the company has cash in the bank.

We know the company is debt-free.

We know the company has various loans available to it.

We know the company is ticking over nicely with the day job.

We know the company has the Sinosteel deal to fall back on.

We know the company has paid upfront for a two-year exclusivity period over a JV with 9 new mines.

We now find out that a way to raise funds quickly has been omitted from the company resolutions of last year.

We know this is just general company housekeeping and has been voted through at every previous AGM.

So WHY issue this as an EGM when they could have just done it at the next AGM?

Well, we can only assume they need to have this resolution passed, and quickly!

Why now?, some may think we need to do a cash raise IMEDIATLY for some reason? and can't wait till the next AGM!

Now taking everything we know into consideration -

Like kicking the Sinosteel deal down the road!

Informing us that the DFS to mine from two mines concurrently was NOT the companies plan!

And the timing of this last JV RNS so late in the day with the non-binding deal hopefully being turned to binding any time soon!

The fact that they had NO intention of pursuing these resolutions in the past, to me, points to the company JUST wanting to have as much cash as possible available on the balance sheet!

It is to SAY to any prospective purchaser that we have the 'way with all' to go it alone IF you don't buy us out in my view!

And the reason to me that we are rushing this through is the end of the FSP 'COULD' be very near!

Only an opinion of course, and the BOD do like to supprise us! BUT seeing as we are still selling the company and have stated the we are NOT mining from two mines simultaniously, as per the DFS, strikes me as odd ,and points to us not wanting to do anything outher than build up the companys portfolio just before the sale, and this could even be a prerequesit to the buyout!

We will all find out in due course, and there are clearly two opinions going forward, but i think this is just strategic planning!

Enjoy the rest of the evening all, cheers.

Thanks Tony and Stix,
I like the idea of the bigger cat poo thing!

If I leave a hosepipe out they chew it and make holes?

I left my circular saw bench out over night some years back and next morning the little dears had chewed the mains flex!

They are a real problem around here, we have some neighbors who actually cook chicken for them and take it over the road at night to feed them! Bonkers!

Thanks for your sujestions.

Thanks everyone for your sujestions, might just get a nightscope for the 303 Air rifle :-)
Only kidding ....

I don,t mind cats and we have lots of squirrel's, it is just the Foxes, they dig holes and bury everything from eggs to packets of out of date ham? And then leave nice deposits!

Thanks everyone.

Morning Mark,

I have at present three lithium battery powered, with solar panels to recharge 360 degree three sides sonic devices, that have three sides at 120 degree apart proximity detectors that when activated emit sonic sound and flashing lights, they also have a 100db horn function that I can't leave on at night as it would wake the neighborhood, so adding it up there are 9 body heat detectors that energise 9 ultrasonic transducers and 18 bright LED's. During the day the 100db horns scare things away, at night I have to turn the horns off and rely solely on the lights and ultrasonic transducers. This lot cost me over £110 and so far nothing has changed.

I have not heard of the device you've mentioned?

Interesting, care to share its name,

Thanks in advance

All the best

Ian

Good morning all,

cold but nice and sunny out there today and will have to remove all the fox poo and then cut the lawn, not the only thing that needs cutting either! an appointment with the barber is a major requirement.

Happy Birthday!
wishes go out to Hawkspear who is celebrating his 67th Birthday today!
And also to Syathome2000 for another Birthday today!

On Friday last, I posted up the daily guess results at 18.30 saying, sorry No winners, just missing the two RNS's that squeezed in at 18.29!

The RNS's on a quick glance appeared to be a double-edged sword, but on reading through, were in fact fantastically good news and I have already posted my views!

For anyone who has read through them now can't see what the company is trying to achieve, investing in this company is not for you!

It is not what they are clearly saying that is important, It is what they are not saying that you have to read between the lines to grasp the full picture!

Because of this, I have changed the results of last Friday's hopefuls into Winners! It again was not the RNS we were hoping for, but, boy was it a good one!

No one expected a new Japanese appointment, another out of the blue RNS, you certainly can't say the BOD have been sitting on their hands during this FSP period.

----------
PK73 - 09/04/21 Winner
MickyKay - 09/04/21 Winner
Hawkspear - 09/04/21 - Happy 67th Birthday on Sunday! Have a free guess! Winner
WinnerSyathome2000 - 09/04/21 - Happy Birthday on Sunday! Winner
----------

Well done guys!

What the share price will open at on Monday is anybody's guess?

But the company you bought into is growing by the day, and when sold, all that value will be equally divided amongst its shareholders!

If you are an investor who only looks at the current production and balance sheet, you will be disappointed, BUT, you would be missing the point with this company, it is going places!

Enjoy your weekend everyone!

No way am I selling, only quietly accumulating in the background, if it takes a little bit longer for a bumper payday! so be it.

Patience is a virtue, they say.

All, In my opinion, your money, your choice.

Billions, with respect, read the RNS, it clearly states :-

"Regarding the general meeting and resolution to be put to our members, The Directors are confident that the ability to allot securities and demonstrate a capacity to develop the Kola PGM and battery metals district independently of other strategic options available to the Company benefits the Company and its Shareholders by improving Eurasia's negotiating position. The resolution proposed is a standard resolution proposed and passed at all recent Company Annual General Meetings but which, for reasons related to delays in processing votes held in Nominee accounts was not passed at the 2020 AGM held on 18 September 2020"

Good luck

Mac,
"while roasting in the sun"

You got a sunbed or something, blooming cold, overcast, and windy down here!

We never knew we had a Japanese EUA office! so anything possible :-)

Afternoon CAW,

I just think it is that as the company has stated, this resolution should have been voted on passed, as in other years, but for the reasons stated it was not.

"The delays in processing votes held in NOMINEE accounts caused this to not be passed at the AGM held on the 18th September 2020"

IT only gives the company the OPTION to issue shares and the same with the rights issue! it does NOT mean they will.

What it does do is show to any prospective buyer that the company CAN raise cash IF needed, in my mind ALL the company has done so far is GROW in size with unlimited expansion potential!

And not having that resolution passed weakened the companies negotiating possition!

We have always used the backstop of the $50,000,000 Sinosteel deal if ever we need cash, but we have been kicking that down the road, ... WHY?

We have had the DFS which suggested mining from two mines at once! .... And the company said that is NOT their plan ... Why?

I think the company is NOT intending to mine anything new at all and is keeping ALL Sinosteel, rights issue options, cash in the bank, to just show a bigger balance sheet, I'm not using the correct words as they escape me!

But are just saying to any prospective buyer, ..." You pay us this much or we can go it alone " strategic planning and improving EUA's negotiating position!

The company is still up for sale and we hope and nearing the end of this FSP.

The company keeps their cards very close to their chest but has just picked up a couple of ACES from the banker in my view!

This is BRINKMANSHIP at its best, ha ha!

Good luck

ATB

Afternoon, Harry,

Yes, you are correct in a rights issue, that is the norm.

Afternoon Tigra,

" I can only speak for myself but I have no spare cash to participate in a rights issue as I'm 'all in' already"

Don't let that worry you, as I say I don't think the BOD wants to issue any more stock anyway, why would they? things may change though, so I respect your thoughts.

But lots of us would be in the same boat as you with insufficient funds to take up the full option quota?

Ethio has already said you can take them up, or sell.

The more common way out is to sell enough to fund the purchase of some of your rights!

That way, you do gain a small amount.

All the best.

Very true Mac, I was playing on the, 'Why would they angle', I still don't think they want to mine anything going forward, they want a full buyout if they can, and I think that's what they are aiming for!

All roads lead to Rome with EUA, and no way am I selling any stock, here till the sold sign goes up.

Have a great day!