Member Info for Jarv55

There will either be a buy out or a jv either way its worth a lot more than 3p and the mms know it. Gary knows it and the shorts know it.

Nitro hold for profit this stock is worth 10p all day long

VOX: Alexei, could you please introduce yourself?

AC: Currently, I am a strategic advisor to the board of Eurasia and my main experience is coming from Goldman Sachs and Morgan Stanley, where I have been involved in a number of M&A deals selling Russian mining companies to investors from all over the world.

VOX: Why have you chosen CITIC and VTB to work with Eurasia?

AC: CITIC and VTB Capital are the largest investment banks in China and Russia, respectively, and they have the biggest investor reach, not only in China and Russia, but also in the rest of the world, when it comes to marketing Russian mining companies.

VOX: Who are Eurasia’s contacts with CITIC and VTB?

AC: In CITIC, we are sponsored on the very top level by the Chairman of CITIC Merchant, the investment and merchant banking arm of CITIC, as well as by his advisor, who used to be the CEO of Gazprombank, Asia Pacific. In VTB, we are supported by the top people as well, whom we worked on multiple transactions previously. Both banks are the best you can possibly get to market and sell Russian mining companies.

VOX: I know you cannot mention the names, but are you in talks with just one or several strategic investors now?

AC: It has been always my habit to talk to multiple strategic investors to make sure a good deal can be negotiated. This is one of the key lessons I learnt very well working for bulge bracket investment banks selling Russian companies.
VOX: At MT/Kola project you have upgraded your potential resources from 2moz to 15moz of palladium including the flanks. What does it mean for Eurasia?

AC: It means that our value potential has been upgraded to a completely different league of major palladium companies. And we believe that 15 million ounces of palladium is just the beginning. We are looking at several other licenses at Kola with over 40 million ounces of palladium in total. Having said that, already with up to 15 million ounces of palladium we are an extremely attractive to large strategic investors.

VOX: Yes. We have seen recent palladium acquisitions namely Stillwater for almost US$2 bn by Sibanye in 2017 and North American Palladium for approximately CAD$1 bn by Impala Platinum earlier this month. Are you benchmarking your valuation against these deals?

AC: Yes. And also you should not forget Kevitsa project sold for over 700 million US dollars in cash and Sukhanko project sold for a significant cash consideration and an additional 2% net smelter royalty over the life of a the entire project. And mind you, Sukhanko is far behind our MT/Kola in their development schedule. You can find more details on these projects in the Optiva’s research on Eurasia of last year. These two projects are just several hours drive from our MT/Kola mines.

VOX: Right. And how do you value your projects taking into account all these deals happening in the PGM space?

AC: We are benchmarking ourselves against these deals in the first instance. You can also

Here we go https://invst.ly/odr73

Can only hold it for so long https://invst.ly/odqtz

Top-level contacts are understood as acquaintances with top managers of such companies as Glencore, Gold Fields, Sumitomo, Norilsk Nickel, Polyus, Polymetal, UMMC and Russian Platinum. For example, the CEO of Lesego Platinum Nyuvenheys James worked as chief operating officer of the "pole" for five years, since 2011, and now may enter into Eurasia's board of directors, if the negotiations succeed, according to a British company.

bit of banter to cheer us all up after the deramping today by a few
https://twitter.com/naim_aim96/status/1191854387020345344

The funny thing is the more Gary deramps it the higher the price goes.

https://www.linkedin.com/search/results/people/?facetCurrentCompany=%5B%222174224%22%5D

Sxx he is getting very desperate I am beginning to think he is short.

Now he should know being an ex fund manager and warrant holder.

Myles McNulty
@MylesMcNulty
·
11h
Replying to
@Jarvy55
and
@eyeguy_one
There'll be more #EUA warrants announced today or tomorrow. This should hardly be a problem. The £ equivalent of the entire stack of remaining unexercised 0.60p warrants was traded in the first half house today. Many will have been sold already on extended settlement.

Basically, for help in organizing these negotiations and as an incentive, the main shareholder and member of the Eurasia board of directors Dmitry Suschev (at the end of 2018 owned 19.2% of its shares) agreed to transfer to Churakov at a nominal value of 25.47% of Deloan Investments, through which he owns 11.07% of the British company, Eurasia Mining said in a statement. Thus, the former top manager of Sumy became the owner of 2.82% of Eurasia.

“I have known Eurasia Mining for a long time, watched its progress for a couple of years, got acquainted with the team and major shareholders, was able to assess the prospects for the whole precious and non-ferrous metal sector as a whole, the company focuses on it and the prospects those specific projects that the company owns and develops, ”said RBC Churakov. According to him, in 2017 and 2018, he bought shares in Eurasia and its subsidiaries at his own expense. “This year, for a number of things I made, I received a new small package at par,” he said.

A source close to the shareholders of the British company told RBC that Churakov invested a total of up to $ 10 million in this project. “This amount includes the purchase of shares in Eurasia and its subsidiaries and debt financing provided to the company. As a result, the total package in direct and indirect ownership is noticeably larger than 2.8%, ”he said. As a result of trading on the London Stock Exchange on September 18, 100% of Eurasia cost £ 13.3 million, or $ 16.6 million. Churakov himself did not name the total size of the package in Eurasia and investments in the company.

????????? ?? ???:
https://www.rbc.ru/newspaper/2019/09/20/5d81f61b9a7947ae33b4faab

https://twitter.com/GaryNTrader/status/1191821872519884802

Gary think you need to get in touch with the company

Furthermore, cash payments from the refinery, for sale of metal from the operating West Kytlim mine for PGM already delivered, are due before year end. The payments for platinum will include a final payment for other metals namely palladium, iridium, rhodium and gold. In this regard Eurasia is not planning any new share placings in the foreseeable future.

West Kytlim performance

Production volumes at the Kluchiki work area at West Kytlim were maintained at high levels from May 2019, with new additions to the processing circuit including a conveyance system to load material to the sluice and an additional circuit to target additional metal recovery working well.

Total production from mid- May to 14thth September 2019 stood at 55kg (1,770 ounces) total raw platinum, with further metal at various stages in the production cycle. Metal prices have run substantially higher through the course of this year's mining season when compared to 2018. Platinum prices, as at 20th September have advanced 20% on this time last year (20 Sept 2018 spot $826/ oz compared to $941/ oz at 20th Sept 2019). Rhodium prices are 119% up over the same period and Palladium 64% (source: Kitco.com).

In early September this year a decision was made to purchase the enrichment plant and to continue mining on an owner/operator basis. The main element of the washplant is a scrubber (a large rotating cylindrical screen through which platinum bearing gravels pass under gravity and are disintegrated and washed) which was purchased from mine cashflow with peripheral machinery including pumps, piping, generators, crew shelters and other sundry items. At the time of publication of this interim report mining was ongoing at site, and it is the Company's intention to continue mining to the end of the 2019 season and to commence immediately in 2020 on a 100% of revenue basis as opposed to 30-35% up until late September.

Over the course of the site visit, Lesego Platinum studied and evaluated infrastructure availability and logistics access, drill core samples, results of laboratory test works along with other information and raw data, which form the ground for assessment of both Monchetundra and West Kytlim projects to consider, amongst other options, potential partial acquisition of Eurasia's subsidiaries and joint venture opportunities at the sites. Despite the synergies and the motivations of Lesego Platinum, there can be no guarantee that any transaction will occur. Further updates will be provided in due course including the potential of James Nieuwenhuys joining Eurasia's board if these matters progress. This appointment is subject to customary approvals, amongst other things, due diligence on James Nieuwenhuys, contracts and Nomad checks. Further updates will also be provided on this if it progresses.

Lesego Platinum owns, what the Directors' rate as a world class PGM assets located some 300 km North-East of Johannesburg, at the northern end of the Eastern limb of the platinum rich Bushveld Complex. James Nieuwenhuys, its CEO and Director, has significant experience in Russia including 5 years as Chief Operating Officer for Polyus Gold, the largest gold producer in Russia and held Managing Director positions in two of the most active EPC organizations, being Bateman Projects and SNC-Lavalin.


So James may be joining the bod?

2018 Summary



2018 saw the first full season of mining at the West Kytlim PGM and gold mine - production at this alluvial mining operation commenced in May 2018 and ran through to November. The contract to operate the mine was assigned in March 2018, just ahead of the mining season. The gross mine revenues were initially split 65%/35% in favor of Eurasia's contractor, Techstroy. These were changed in the course of the year to 70%/30% in favor of Eurasia's contractor, Techstroy, with Eurasia managing the metal sales contract and revenue distribution. Techstroy brought the necessary alluvial mining experience to the project, as well as a new fleet of machinery including excavators and haulage trucks which were in place by late April 2018.



Mining commenced at the Malaya Sosnovka work site within the West Kytlim Mine and progressed in September 2018 to the larger Kluchiki work site. In both cases, the method employed was an industry standard trommel and scrubber washing system with collection of platinum concentrates on a sluice for later upgrade in an onsite laboratory. Platinum occurs as fine and coarser isoferroplatinum nuggets ("raw platinum") which contain on average 70% chemically pure Platinum in addition to a total of 5% in other recoverable PGM (iridium, palladium and rhodium), and Gold (base on recovered metal grades).



Total production for the season reached 165 kg raw platinum, with average daily production of 1.146 kg raw platinum per production day, and an amount of 6.9 kg standing as a record total produced in a single day of washing. The mine is currently the second largest alluvial platinum mine globally (Kondyor operated by Russian Platinum in Russia Far East produced 275kg raw platinum in 2018[1]). Grades at West Kytlim ran 3-5 times the grade expected from resource calculations, a situation which is not unexpected for this style of deposit and the alluvial mining industry generally.



The mine product is sold under contract to the Ekaterinburg Non-ferrous Metal Refinery (the 'Refinery') with both refining costs and metal price paid, expressed in the contract as a percentage of London Metals Exchange (the 'LME') prices. These are reviewed and agreed for every batch of mine product shipped.



In summary the total mine revenue for 2018, was £2.57 million which is composed of the following revenues:

Finally, the Directors would like to thank Eurasia's shareholders, old and new, for their continued support -and look forward to delivering further tangible shareholder value in the coming years. Also, the Directors would like to thank all management and staff for delivering on the Company's goals in recent years but particularly through the transformational year that was 2018. With the mine at West Kytlim now well established and the Monchetundra Project fully permitted, the Director's believe they have established a firm base on which to build a strong and diversified exploration and development Company

Yes lets keep that in mind lets say a deal doesn't go ahead
Last year was a key year for the Company's development: Eurasia recorded a maiden gross profit and obtained a mining licence on its flagship Monchetundra Project. At the time of writing production is ramping up for the year to full scale at West Kytlim and the Directors now regard Eurasia as an established mining Company.



The Company's strategy, as outlined since 2015/16 was to develop the West Kytlim Mine to production, and to generate sufficient revenues to allow the Company to pursue development of its further interests, while minimising possible dilution of the shareholder base.



As a standalone unit the mine at West Kytlim demonstrated excellent profit margins during 2018 and contributed to the gross profit at group level. The economics of this style of operation - with limited overheads and capital expenditure are assured, however expanding the mine at West Kytlim to multiple operating sites is now a key objective for the Company. The Directors' look forward to continued successful production at West Kytlim and believe the Company can grow its West Kytlim operation to become the largest alluvial platinum mine globally. The Directors' believe West Kytlim mine cash flows, from a single operating and contracted washplant, notwithstanding considerable final settlements of loans through 2018 (which made the Company debt free) are now sufficient to make significant contributions to the running of the Company at Group level.



The issue of the mining license at the Company's flagship Monchetundra Project in December 2018 was a further welcome addition to an already successful year. The reserves comprise palladium plus platinum, gold and base metals. The Company's plans for the project's development with Eurasia's working partners at Sinosteel (one of the largest corporations in China) and the Central Kola Expedition, the key contractor in the region for both Russian and international companies, can now be progressed. The project is a more considerable undertaking than West Kytlim and could be transformational for the Company. The Company continues to keep all options for this major project's development on the table and are further encouraged by the potential to add further to the reserve and resource base directly adjacent the project.