Game 1 - Guess the date of the next major RNS:-16 Mar 2021 06:48
Good morning everyone
A great day yesterday as the company released an RNS that told us, as investors, that the company that was valued at 40p odd several weeks ago, NOW has 43% more resources than previously thought at one of its mines at West Kytlim, and with the flanks, potentially, containing 3 times as much!
The company stating, that it is positioning itself with the completion of the Technical Project report for the entire deposit of West Kytlim to enable concurrent production from the three pits, the first two being Kluchiki, and Bolshaya Sosnovka, (the largest pit at the entire deposit of West Kytlim)
Pointing out that the DFS as submitted and now approved is 'NOT' the Company's mine plan 'BUT' allows for mining at several open pits concurrently.
They have re-classed by way of the DFS the reserves, which are now in B, C1, and C2 categories (i.e. ready for mining).
From the RNS:-
"West Kytlim is a unique operation due to the following:
· open pit nature of the operations
· no blasting
· stripping, excavation and hauling
· no chemicals used in the production process
· water being fully recycled
· ongoing rehabilitation with recovery back to previous land use within 5 to 10 years post mining.
The above-mentioned factors make West Kytlim not only a low-cost PGM producer, but also environmentally friendly.
The environmentally friendly nature of Eurasia's mining process and indeed of PGMs themselves (in terms of their applications as catalysts reducing emissions and in fuel cells) have already been recognised by the inclusion of Eurasia into the relevant ESG indexes and portfolios as announced via RNS on 17 February 2021. Eurasia's full ESG compliance is a focus of institutional investors including BlackRock, Fidelity, KLP, Premier Miton, TIAA and others that have become shareholders in the Company within the last 12 months."
But then, you know all this, because I and others keep pointing out the company facts!
So, we all invested in a company that had fantastic prospects, and its share price went to 42p, before pulling back!
Still way undervalued back then at 42p, NOW, with additional resources to when it was valued at 42p, sitting with an even lower share price!
Can you 'ALL' see this, disproportionate rationale!
So, 'WHY' is the share price out of sync to intrinsic value in this company?
Good question, and if I knew the full answer I would be very wealthy, and NOT be investing in AIM!
AIM, is sentiment-driven, and NOT by logic, investors distrust it, jumping IN and OUT of stocks as quickly as they can, if they have made ANY good profit!
AIM, is for trading, and we see the one post wonders turn up after ANY good news, to try and discredit the RNS, and try to lower any positive impact!
Investing, in AIM, is a game, If you want to play, you have to believe in your stock!
Today's only hopeful is:-
Inforapoundor2 - 16/03/21 - Your late mum's birthday!
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