Member Info for Jarv55

Just remember the mms want these shares so do the shorters take the stop losses off

Warrants clearing day

This is quite exciting new direction, Ceo keeping his share tells you he has great confidence in the companies future.

Its best to form a strong base here of sticky shareholders for any vote

https://nicholas.duke.edu/people/faculty/boudreau/9thPtSymposium/Anderson_Abstract.pdf

https://www.ig.com/uk/shares/markets-shares/eurasia-mining-plc

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.

Platinum reserves in the world amount to about 69 thousand tons, of which about 60 thousand tons fall on South Africa, and about 10 thousand tons fall on Russia (about 15% of world reserves). “South Africa is far ahead of Russia in reserves, but there platinum is located at a considerable depth (reserves of readily available deposits are depleted) and there is a shortage of energy,” notes Khudalov.

How Magomedov and Summa lost assets

In October 2018, Transneft bought from Ziyavudin Magomedov and his brother Magomed a share in the Novorossiysk Commercial Sea Port (25.05%) for $ 750 million. A few weeks later, the FESCO group (a third in Magomedov’s company ) VTB sold about 25% of the largest container operator Transcontainer, but the deal was not disclosed. And in February 2019, VTB became the owner of 50% minus one share of the United Grain Company, which previously belonged to Sum. “Thus, a significant part of Summa's obligations in the construction sector to the bank was settled,” RBC explained in the press service of VTB. September 12 became knownthat a controlling stake in the businessman’s last major asset - the Yakutsk Fuel and Energy Company (YATEK) - is taking A-Property Albert Avdolyan for the debts that the company bought from major lenders.

Author: Timofey Dzyadko

Churakov, before joining Summa, was an analyst at Goldman Sachs, and then deputy director of the Russian subsidiary Morgan Stanley, specializing in the mining sector. While working at Summa, he served on the boards of directors of companies in which she had a stake - the Yakutsk Fuel and Energy Company (YATEK, Magomedov had a controlling stake), the only gas supplier in Yakutia, and the transport company FESCO (32.5 %). He left the group after Magomedov was arrested in March 2018 on charges of organizing a criminal community.

Eurasia, in addition to the existing project in the Urals, owns a license for the Monchetundra deposit, whose reserves are estimated at 60 tons of platinum and palladium, the expected project level of production is 4 tons per year. It is planned to further actively increase the resource base through the development of adjacent areas in Monchegorsk district with total reserves of up to 400 tons of platinoids and gold, according to a presentation by the company, which RBC got acquainted with. The necessary capital expenditures for the launch of the deposit, including a plant with a capacity of 1.7 million tons of ore per year, will amount to $ 176 million.

South Africa accounts for about 70% of global platinum production, but its largest companies, Anglo American and Impala, are operating near the breakeven point and local reserves are depleted. In Russia, the cost of production is much lower, including because it can be conducted in an open way. In South Africa, the average cost of an ounce of platinum (1 ounce corresponds to about 31.1 grams) was $ 953 by the end of 2017, in Russia - about $ 300, said RBC senior director of ACRA Maxim Khudalov. According to his estimates, the cost of production at the West Kytlym field may be higher (according to a source close to Eurasia shareholders, about $ 360 per ounce), but it is still several times cheaper than the average in South Africa. In areas with richer ore in Russia, the cost price is lower, in addition, the ruble may continue to decline against the US dollar, which will improve the production economy, Khudalov notes.

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.

15% of stocks and low cost

At the beginning of 2018 Venus Garden Holdings Limited Churakova purchased for $ 350 thousand. 7% "daughter" the Eurasia "Kosvinsky Kamen", which owns the existing fields in Western Kytlym in the Sverdlovsk region, told a British company. Its reserves are 20 tons of platinum and related metals - gold, palladium, iridium and rhodium; in 2018, 165 kg of platinum were mined at the deposit with a forecast production volume of up to 1 ton of metal per year. The same message said that in November 2017 Churakov bought a stake in Eurasia, but its size was not disclosed. “In fact, with this money (stocks and loans) in 2018, the company launched production in the Urals,” the source told RBC.

“We are grateful to Churakov for his contribution to the development of Western Kytlym and preparation for the purchase of an enrichment plant. We are also pleased that Churakov has taken over as a consultant on the company's strategy and will bring his experience in M&A deals in the mining industry, as well as top-level contacts with mining companies, including South African Lesego Platinum, ”said Christian Shaffalitsky, Chairman of the Board of Directors of Eurasia .

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.

3 Nov '19 - 19:54 - 31316 of 31812
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Eurasia Mining received an increase from Sumy
Former top manager of the company Ziyavudina Magomedova turned out to be a co-owner of a platinum mining enterprise
Alexey Churakov, ex-manager of Sumy Ziyavudina Magomedova, became a shareholder and a consultant on the Eurasia Mining strategy, mining platinum in the Urals. He has invested up to $ 10 million in the company and is in talks to attract investors

Photo: Waldo Swiegers / Bloomberg
Invested in platinum

Alex Churakov that in 2012-2018 he worked as the Chief Investment Officer of the "Amount" Ziyavudin Magomedov was appointed consultant for the British company's board policies Eurasia Mining, mining platinum in Russia, said in a statement.

Even before this appointment, Churakov helped organize the visit of the delegation of the South African Lesego Platinum, led by its CEO James Newvenheis, who over the past few months has carried out due diligence of the Eurasia Mining West Kytlym deposits in the Urals and Monchetundra on the Kola Peninsula, the British company said. Lesego evaluated infrastructure accessibility, logistics, ore samples, laboratory tests, and other information to “consider, along with other options, the partial acquisition of Eurasia subsidiaries or the establishment of joint ventures in the fields,” Eurasia reports.

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.

Willmac4671
3 Nov '19 - 19:40 - 31312 of 31812
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Shared by knokke on LSE -

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

GLA

from advfn
Willmac4671
3 Nov '19 - 19:07 - 31308 of 31812
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Oh and a lot of info about resources would of been obtained back in anglo american days -
“[w]e are very grateful for the encouragement and support that the Anglo American Platinum group has provided over the years of exploration, resource definition and license negotiation.”

HTTPS://investingnews.com/daily/resource-investing/precious-metals-investing/platinum-investing/anglo-american-sells-stake-in-russian-projects-to-eurasia-mining/

Crikey how many price monitoring rns are they going to have when a bid comes in?

Lovely targets being set up for a wave 3 https://invst.ly/o60v4

Short squeeze incoming hold the line

Can someone swipe Giovs left lol

Don't want to jinx it but think the brakes are coming off.

Wonder if Rob bought back in

lol Nitro bri