Member Info for Jarv55

16 September 2019


Eurasia Mining plc (AIM: EUA)

("Eurasia" or the "Company")

Senior management team appointment



Eurasia Mining PLC, the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that it has appointed Mr. Alexei Churakov as a Strategic Advisor to the board of the Company (the "Board"). Mr. Churakov is a former Goldman Sachs and Morgan Stanley senior investment banker specialized in the mining sector. He has been involved in multiple mining cross-border M&A transactions operating from Moscow, London and New York. Alexei brings his extensive experience in mining M&A to the Company, as well as his top level contacts with major international and Russian mining and trading companies operating in the platinum group metals, gold and base metals sectors including Lesego Platinum, Boliden Group, Gold Fields, Glencore International, Sumitomo Corporation, Norilsk Nickel, Polyus Gold, Polymetal International, Ural Mining and Metallurgical Company, Russian Platinum and many others.



Highlights:

In his capacity as an adviser:

· Mr. Churakov has assisted in negotiations with Sinosteel helping structure the EPCF contract to include a $50m subcontract through which Sinosteel provides CJSC Terskaya Mining Company (TGK), a Eurasia's subsidiary developing the Monchetundra project, with the start-up financing. The first payments comprising $26.5m from the $50m subcontract will allow Eurasia to finance its obligations under the EPCF contract with Sinosteel without shareholder dilution and make the Monchetundra project self-financed.

· Mr. Churakov has assisted in developing the West Kytlim phased production increase strategy involving both Eurasia's own team and its contractors. Under his guidance, the team has designed a new and extensive project development programme, with the specific objectives of reaching stable and sustainable growth as measured by mine output alongside reserve and resource upgrade programmes at the West Kytlim Mine. Eurasia has, today, also acquired its own enrichment plant from West Kytlim's operating free cash flow and will continue producing hereafter on an owner operator basis with 100% of mine revenue payable to the Eurasia.

· Mr. Churakov has recently helped arrange detailed due diligence and multi-day visits to both Monchetundra mine and Eurasia's office in Ekaterinburg to study the West Kytlim project by James Nieuwenhuys, CEO and Director of Lesego Platinum, a South African PGM company developing a c 50M ounce project in the Eastern limb of the Bushveld Complex, as part of Lesego Platinum's due diligence of both the Monchetundra and West Kytlim projects. Further details of which are set out below.

Fri, 25th Oct 2019 16:36
RNS Number : 2265R
Eurasia Mining PLC
25 October 2019




Eurasia Mining plc

("Eurasia" or "the Company")

Exercise of Warrants & Trading Update



Eurasia Mining PLC, the established producer of palladium, platinum, iridium, rhodium and gold in Russia, has received notification from warrant holders to exercise warrants over 16,053,612 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 £85,000. Application has been made for the Warrant Shares to be admitted to trading on AIM, which is expected to be on or around 31 October 2019 ("Admission"). These shares will rank pari passu with the ordinary shares of the Company in issue.



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.



Commenting on the exercise, Christian Schaffalitzky, Chairman, added: "With the recent share price increase a number of shareholders have indicated they wish to exercise their warrants and hold these shares long term. We are grateful to them and likewise the Directors have indicated they are holding their 22% in the Company on a long-term basis. As the Company prepares for a significant increase in production at the West Kytlim mine next year, the funds from our operations and from the warrants will be used to prepare for mining at the second site and to upgrade our wholly owned equipment, now that we are no longer using a sub-contractor and enjoy 100% of the margin as opposed to 30-35% previously. We, the Directors, therefore believe the Company is in a strong financial position going forward".

targets are
1.93
2.15
3.37 and 3.92
https://invst.ly/njcwq

Going much higher https://invst.ly/njcc9

https://twitter.com/eurasiamining/status/1188733646682939392

Adam great post
adamk87 Premium Member

Posts: 1,330

Price: 1.065

No Opinion

RE: 2018 Optiva NoteToday 00:43
Excellent post ssxswe

I have been referring to a broker target of 5.3p with 2.8 being the minimum with palladium at 1000-1200, its now at 1700 and ever increasing, which makes a deal being done sooner rather than later all the more attractive. This was at 2m Oz and we are now looking at up to 15m worth.

The potential for a rerate here is as clear as day, im hearing the warrant conversion on Friday was just a way to put out a message confirming no placing is going to happen. Excellent move by the BOD and puts the shorters/derampers firmly 6ft under.

I believe we hit a minimum of 3p this week and for those larger holders holding over the coming weeks and months this will be life changing. Without the offers we should be closer to the broker target of 5p and with it north of 30p is achievable (if the 15m can be proved up or due diligence has already taken place given talks have been ongoing for weeks - 10p for 2m Oz is more than fair as it gives us a market cap of around 250m with last months Palladium play being sold for over 700m with similar reserves).

GL holders, dont be hustled by aggressive mm tactics this week.

Sam because he wanted to buy cheap know the game it is dirty.

This is only this price because warrants are being exercised

No placing
For sale sign is up
Warrants being exercised
Directors holding 22%
Palladium price 1752 and rising

Sam I hope you didn't listen to donotpanic pretty obvious what his agenda was

Nice and steady re-rate https://invst.ly/njb3c

http://iugs.org/33igc/fileshare/filArkivRoot/coco/FieldGuides/No_48_Excursion_guidebook1.pdf

from advfn
thechinaman1
27 Oct '19 - 19:18 - 27662 of 27698
0 2 0
Optics broker note snippet for those doing their research:
‘Monchetundra offers exposure to palladium seldom seen in the sector. The deposit is palladium-rich with a Pd to Pt ratio of 2:1 based on grade, making it one of only a handful of new palladium-dominant development projects globally. The Pd:Pt ratio is even higher at 3.0 based on forecast annual production in ounces. For contrast, annual production for the major PGM producers in the industry averages out as a mere 0.6 Pd:Pt. Monchetundra offers a lower risk profile than the majority of deep underground mines in South Africa and we believe the perception of Russian risk has been overcooked. We believe that Monchetundra will increasingly appear
on the radar of major mining companies looking for quality tier 1 assets.’

researchgate.net/publication/273568964_Geological_and_petrological_aspects_of_Ni-Cu-PGE_mineralization_in_the_early_Paleoproterozoic_Monchegorsk_layered_mafic-ultramafic_complex_Kola_Peninsula

Sincerely hope all shorters have closed. https://www.youtube.com/watch?v=mIBTg7q9oNc

Somewhat I would rather a steady rise too don't like gaps up unless of course its a break away gap on news.

Some what its free publicity I call that being prudent. Look at the skin ceo and how he uses social media to let shareholders know what is what.

JAdam you do know the mms can be short with out declaring and you don't have to declare a short unless you are over 0.5% and also many won't declare until they are forced to for example a take over situation.

I think after the drive down in the price it's fair to say there are a few who may still be short here.

In September, Eurasia said South African company Lesego Platinum was considering a partial acquisition of its subsidiaries and joint venture opportunities

Eurasia Mining PLC (LON:EUA) shares soared Thursday after the miner revealed investment banks VTB Capital and CITIC Group will assist with “strategic options” for its Kola and Urals mining assets .

In a statement, the company said the two lenders will work on a success fee basis, meaning they are required to complete an alternative asset transaction superior to the proposals announced last month.

It noted that the interest from the banks originated from recent palladium acquisitions, namely Stillwater's around US$2bn takeover by Sibanye in 2017 and NAP's acquisition for approximately C$1bn by Impala Platinum earlier this month.
READ: Eurasia Mining believes flanks area can boost Monchetundra resource 'severalfold'

The AIM-listed firm said that VTB, an arm of Russia’s VTB Group, and CITIC, which is owned by the Chinese government, started assessing the plans even before signing their respective engagement letters.

The company pointed out: "At this time, however, there can be no guarantee that any transaction will occur and/or that the Assets will be sold."

In September, Eurasia said South African company Lesego Platinum was considering a partial acquisition of its subsidiaries and joint venture opportunities at the West Kytim and Monchetundra sites.

“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 platinum group metals (PGM) deposits including the ones in Kola which are much improved in size following the addition of the new 'flanks' areas,” said Eurasia’s chairman Christian Schaffalitzky, referring to the application to explore another chunk of acreage submitted last month.

“Our total resource with the account of areas within the flanks contours is about 15mln ounces of PGM (mostly palladium) that we believe puts us in a completely different league of major palladium companies already in production stage.”

Nothing to do with Uru