Member Info for Jarv55

technically I would like to see one big dump to fill the gap at 2.09 on the hourly and then we can go on our merry way so mms if you wouldn't mind obliging it would be appreciated so we can all have a final top up. If not a close over 2.50 will do.

https://invst.ly/o5tj8

And apologies for an overload of factual posts from the company but sometimes its needed.

Mind you I have got bigger balls than some of the bed wetters on here.

Oversight that is a bit sexist Iol funny how some assume I am a man.

GaryNTrader "I suspect they’ve deliberately used someone who doesn’t speak English very well so that if there are any ‘misunderstandings’ over what has been said, it is easily explained away!"

Thank goodness Vox markets covered themselves and did a written transcript too lol

And so it begins GLA

Not all will be exercised they may keep them for the buy outs much bigger pay day

Warrants and the flipped placing are now in the price imho

Eurasia Mining PLC, the established producer of palladium, platinum, iridium, rhodium and gold, has received notification from warrant holders to exercise warrants over 18,766,668 shares of 0.1p in the share capital of Eurasia ("the Warrant Shares"). The consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of £112,600. Application has been made for the Warrant Shares to be admitted to trading on AIM, which is expected to be on or around 5 November 2019 ("Admission"). These shares will rank pari passu with the ordinary shares of the Company in issue.







Christian Schaffalitzky, Chairman, commented: "We appreciate the continued interest and support from our shareholder base and the additional funds raised through the exercise of these warrants, which with further cashflow to be received in December from our mining operations, builds on our cash reserves, and strengthens our position in ongoing negotiations regarding our assets as announced in our recent RNS (dated 24 October 2019)".

Mikey maybe they need to listen to this interview which is a little clearer https://www.vox markets.co.uk/media/5cfc0ec2906f7c001bea5f4d/?context=/listings/LON/EUA/multimedia/

Everyone must do their own research and I have no problem with people high lighting read flags before they have bought but to high light them after they sold come on. Know their game. We are all grown up making our own investing decisions.

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.

The Banks have agreed to work on a success fee basis, so that their motivation is directly linked to a successful completion of an alternative asset transaction superior to those outlined in the announcement of 15 September 2019. The interest from the Banks is originating from the recent palladium acquisitions namely Stillwater for c. US$2bn by Sibanye in 2017 and NAP for approximately CAD$1bn by Impala Platinum earlier this month. The title of the slides for investors prepared by VTB Capital is as follows: "The Last Non Consolidated Palladium Play".

Further updates will be provided in due course, as appropriate.

Christian Schaffalitzky, the Chairman of Eurasia commented: "The board is pleased that major banks such as CITIC and VTB Capital, the largest investment banks in China and Russia respectively, are interested in Eurasia's PGM deposits including the ones in Kola which are much improved in size following the addition of the new 'Flanks' areas (see announcement dated 26 September 2019). Our total resource with the account of areas within the flanks contours is about 15 Moz of PGM (mostly palladium) that we believe puts us in a completely different league of major palladium companies already in production stage."

tonnes/0.24moz; Ag - 185 tonnes/6moz. Eurasia has not verified this resource, and therefore it cannot be relied upon, but it is provided an indicative of potential in the area.

The applied for area comprises a significant portion of a zone to the north and west of the West Nittis deposit known as the Nittis Kamuzhaya Travanya (NKT) Massif, an area previously mined for high grade nickel and copper mineralisation and with significant resources in PGM. Further potential resources exist in the on strike continuation of the mineralisation at Loipishnune as it extends into the area between Loipishnune and West Nittis, beyond the current mining license, in fact several early 'discovery holes' drilled by Eurasia in 2006 occur in this area, and contain intervals of 8.4 g/t (Pt+Pd) over 3.6m (Drillhole UM-3, see RNS dated 5th November 2006).

State archive information.

State archive information at the Apatity branch of the Territorial fund of geological information was consulted during the application process, as part of the due diligence process in outlining the exploration tenement, and to detail the grounds for the exploration license. The application is largely based on the Company's in-house database however the potential in the area was also highlighted by a variety of previous workers and exploration campaigns in the area. These are demonstrated in the graphic below as figure 1.

http://rns-pdf.londonstockexchange.com/rns/6909N_1-2019-9-25.pdf

Figure 1 : Graphic showing the flanks application area submitted for approval on 23rd September 2019. State archive information including resource calculations for other occurrences in the area is also shown, however there is no guarantee that all the resources outlined in these occurrences will result in mineable reserves. The inferred resource calculations in the areas are largely based on state funded early drilling campaigns with resources later calculated and approved for submission to the state archive by Russian subsoil licensing agencies.

Notable occurrences are at NKT where a Russian category P resource (similar to an Inferred Resource under the JORC classification) was provided to the Company by the Apatity branch of the Territorial fund of geological information. The resource was calculated by the state funded research group Rosgeologia in 2017 and comprises Ni - 298,000 t; Cu - 229,000 t; Co- 11,300 t; Pt - 18.5 tonnes/594,000 oz; Pd - 55 tonnes/1.7moz; Au - 7.6

On 3 February 2017 the Group entered into unsecured loan facility to borrow up to 57 million Russian Rubbles (RR) at 14% per annum, from Region Metal, the then subcontractor and West Kytlim mine operator. The Group had drawn RR 4.18 million and repaid RR0.3 million in 2017. As the subcontractor's arrangements had been discontinued the Group has no intention to utilise any more funds from this facility.
The loan maturity date is 31 December 2019.

The Monchegorsk Complex and Monchetundra Massif, which host the West Nittis and Loipishnune deposits are known to contain type examples of the majority of the layered intrusion and contact hosted PGM deposit types recognised globally. With the submission of this Flanks application, and the already state approved reserves in the Loipishnune and West Nittis deposits, the directors believe that Eurasia is established as a dominant player in the region.

Engineering Procurement Construction and Financing (EPCF) Contract

An EPCF contract to develop the mine at Monchetundra is already in place with Sinosteel, a state owned Chinese engineering group focused on mining, which was signed in October of 2016. The contract provides for Sinosteel to undertake the mine and processing plant construction and commissioning on a turnkey, commercial arms-length basis. 85 per cent (or US$149,600,000) of the contract value has been arranged as debt-based by Sinosteel - this element of plant construction costs will remain on the Sinosteel balance sheet until such time as the plant is operating at full capacity and to designed specification.

The EPCF also includes a sub-contract to be awarded to Eurasia's subsidiary Terskaya Mining Kompany, to cover initial development work at the Loipishnune open pit. This sub-contract, in the amount of US$50m may be drawn down on award of the mining permit.

The Monchetundra deposit is comprised of two separate deposits namely the Loipishnune and West Nittis deposits - both of which demonstrate clear on-strike continuation of mineralisation beyond the limit of the current approved reserves.
The applied for area contains a significant portion of an area to the north and west of the West Nittis deposit known as the Nittis Kamuzhaya Travanya (NKT ) Massif, an area previously mined for high grade nickel and copper and with resources in PGM provided to the Company by the Apatity branch of the Territorial fund of geological information. At NKT a Russian category P resource (similar to an Inferred Resource under the JORC classification) was calculated by the state funded research group Rosgeologia in 2017 and comprises Ni - 298,000 t; Cu - 229,000 t; Co- 11,300 t; Pt - 18.5 tonnes/594,000 oz; Pd - 55 tonnes/1.7moz; Au - 7.6 tonnes/0.24moz; Ag - 185 tonnes/6moz. This resource has not been verified by the Company and accordingly cannot be relied upon, but is provided as an indication of potential. The Directors believe further potential resources exist in the on-strike continuation of the mineralisation at the Loipishnune deposit as it extends into the area between Loipishnune and West Nittis, in fact several early 'discovery holes' drilled by Eurasia in 2006 occur in this area beyond the current extent of the proposed Loipishnune pit and contain significant intervals including 8.4 g/t (Pt+Pd) over 3.6m occurring in Drillhole UM-3(see RNS dated 5th November 2006). These areas may be followed up in due course and, if so, the Company will provide updates as applicable.

MONCHETUNDRA

Monchetundra is ca. 2 million-ounce PGM (Reserve + Resource) project near the town of Monchegorsk on the Kola Peninsula. A mining license was awarded in November 2018 and a financed Engineering Procurement Construction and Financing contract is in place with the Chinese semi-state group Sinosteel. In January 2019 a contract was agreed with Eurasia's long-standing exploration programme director the Central Kola Expedition, to write and submit a detailed project design report to authorities. This report sets out a minimum schedule of work to be undertaken on a prescribed schedule and was designed to integrate with the already arranged EPCF contract. The report was submitted on schedule on 13th September 2019.

Monchetundra flanks application

As per Russian subsoil licensing legislation, the holder of a mining right is granted an automatic and exclusive right to apply for exploration tenements directly adjacent to their approved resource. Eurasia have previously utilised this right in application for exploration ground adjacent to the West Kytlim project. After desktop studies and analysis of available literature a final perimeter was agreed for the Monchetundra flanks application in August 2019, and an application submitted to the relevant authorities on 23rd September 2019.

Reserves Drilling program progress update

A reserve upgrade drilling programme focused on the Bolshaya Sosnovka, Ust Tylai and Ust Tylai Pravy areas was outlined, funded and then commenced in early 2019. This program is one of the most aggressive programmes undertaken at West Kytlim in recent years and is designed to ensure available mineable reserves for planned capacity expansion from 2020 and subsequent years. The reserves definition work proceeds in parallel with mining and the Company expects it will lead to a revised reserves calculation to be prepared and submitted for approval. A total of 1325 metres are now complete (to 16th September 2019), and a total of 835 exploration samples have been processed at the on-site laboratory. The program is to focus on the relatively higher grade Bolshaya Sosnovka area for the remainder of 2019, with 400m of regular diameter core drilling and 180m of verification drilling scheduled to be finished at Bolshaya Sosnovka by year end.

The Bolshaya Sosnovka, Ust Tylai and Ust Tylai Pravy areas are considerably larger than both the Malaya Sosnovka and Kluchiki Areas targeted by mining operations during this and last year.