Member Info for Jetcom

https://www.thearmchairtrader.com/thungela-anticipating-strong-profits-as-coal-rush-continues/

Debt $2bn-$2.2b
Dividend None - very very likely. But any dividend announcement however small will probably rocket fuel price to £5 by next Q1 update.
HIgher realised POG and silver prices.
Good reduction concentrate Inventory but not all sold. However with China now open should see this all sold by Q1 update.
Production target of 1.7m met.

1.1.22 debt $1.647bn increased to 30.06.22 $2.8bn. Major increases attributable to $355m 30% rouble strengthening vs dollar; 220m bullion and concentrate inventory buildup and 182m increase in receivables. All should reduce\ reverse considerably as at 31.12.22. Plus POG gone up so debt $2.0bn- $2.2bn very likely. Might not see dividend announcement next week but chances of special dividend Q1 production report April could be on the cards.

Not good at Maths but my 10yr old says with 474m shares in issue, 10p of dividends will cost company £47.4m.

"Polymetal is Russia's largest primary silver producer and Russia's second largest gold producer."

Lovely. Silver exposer as well.

Hi Saga. Thank you for the concise clarity. One more point to add to your list
8. Debt below £2b

Over $1800. That stockpile should be nicely converting to cash. Odds for dividend payout looking more likely. Good bet to top up at this price I think before the minor and major institutional funds get a sniff of dividends and start trickle buying and push SP.

Hoping income stream\production from WK will pick up to cover running\exploratory\DFS \licensing etc funding with electric draglines becoming operational soon. They have gone from 1 to 3 plants 2021. I may be mistaken but I seem to have it in my head they wanted to take WK to 6 plants. Hopefully this will negate raising funds from the market with further share issuance and WK cashflow will sustain company funding going forward

Can still buy through AJ Bell.

Was looking to invest in a silver mining company. Then had a rummage through Poly financial and production statements. Poly will produce about 17m ounces silver this year, Fresnillo 50m-55m silver ounces, First majestic 13m silver ounces.

So Poly gives you exposure to both gold and silver mining. That was enough to convince me to top up with a small 500 buy this morning.

I hope 2.40's is the new low.

All the talk aside re sale and dividends which I agree has become very frustrating. I'll be happy for the next few months if BOD gives us West Kytlim confirmation "that draglines have been fully installed and commissioned" . Hopefully, then WK will become cash positive quickly to keep financing licenses, exploration, MA activity etc.

LB
Goto FLCCC.net
under protocols tab they have various protocols for prevent, early, long covid etc e.g VitC C, Vit D, Zinc,

VAT removed from gold to encourage Russian savers to purchase gold. No need for dollars?

https://www.rt.com/business/551529-gold-russia-free-from-tax/

Putin signs law to remove VAT on Gold. Local rubles will start flowing into gold purchases. No need for dollars now.

https://www.rt.com/business/551529-gold-russia-free-from-tax/

"Shortly" first referenced in RNS on 24 Sept Completion of Financing, then again in the interims RNS on 30th Sept. My view is that BOD has already seen and discussed the 1st draft of WA JORC probably early Sept , worked out the financing required to complete ROSGEO licence purchases; done a quick back of a fag packet calculation and found themselves $15m cash short on top of $20m in bank already; rushed to market to raise further £15m.

Paperwork and contracts already signed and in place with DLA Piper; awaiting exchange and money transfer as soon as JORC checked for Maths and spelling mistakes and released.

Holding to the end.

GLA

Diversification has its place but I have done diversification to death for the last 35 years and it has not brought me successful returns or meaningful change in growth of investment savings. In fact all I have done is spent time recovering losses that recessions have ravaged my pension and savings. So I'm done with that strategy and firmly in the GLG camp.

Also Soros and Drunkenmiller did not break Bank off England to make billions by diversifying. They saw what was obvious and unsustainable in DM/£ ERM and went all in.

I did consider Investing in SXX few years but steered away from that one because of the massive debt and any revenue being still years away.

But EAU is different. This is the first company I have come across that has so many unheard of facts going for it with no downside. Blue chip advisors , UBS, DLA, Wardell Armstrong. Couple of big banks, I forget as they were on board before I started investing here. Sinosteel contract. NN drilling MT probably as part of Due Diligence process. JORC, JV, Rosgeo and political risk therefore minimised; and WK now in production with meaningful revenue. And the big pluses to cap them all; no debt and BOD who are all in at this roulette table, who are probably all eggs in EAU basket. As I said earlier on the week , I was down £120,000 Tuesday morning and now just about breaking even COB Friday.

Did 2 top ups converting some of my blue chip investments to EAU at 22p on Wednesday. EAU now represents 80% of my portfolio.

So for me this is it, and I'm all in. Will probably never see another investment opportunity like this one .

GLA.

£120,000 sea of red paper loses, with finger on poised on sale button to cut loses Tuesday morning trading. Stock review of facts and potential was so much. much better then last September when I started investing here, with no developments on the downside to indicate any changes to risk. Glad common sense prevailed and I decided to trust facts. Now need a further 1p rise on today's close and that will be me and misses ISA's back into paper profit.I think lot of the credit must go to James Nieuwenhuys, Eurasia's CEO and Executive Director and Board changes 18th Sept last year. What a transformational year. We have a proper production mine to prove up our ESG credentials and now generating income. This should prove up mining plan for MT and therefore increase asset sale value of MT. JV came out of nowhere and EAU can increase resources to a mind boggling figure in what is left of 2 years since JV agreement. What's not to like. James has got momentum now and the right people in place. This is going to move fast with newsflow and surprises coming in more frequent. Hold onto to your tickets as the ride on Ian's rocket is only on a countdown to launch. GLA

The Poaz massif may have double the amount of platinum and nickel
Based on the results of field work in the Murmansk Region, Rosgeologia specialists doubled the forecast for nickel and platinum group metals in the Monchegorsk ore region.

31.10.2019, 17:13

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According to the press service of Rosgeologia, according to preliminary estimates, the reserves of nickel in the Monchegorsk ore region are 1,600,000 tons, copper - 1,180,000 tons, platinum group metals - 724 tons.

“According to the data of drilling and mining operations, in comparison with the planned indicators, the capacity of the ore zone has doubled,” the press service said.

Field work near Monchegorsk in the Murmansk region is carried out under a state contract at the expense of the federal budget.

The study area is over 11 sq. km. In the field season of this year, as a result of the work carried out during the summer field season, a new zone with deposits of platinum group metals was revealed.

New geological data on the site of the Poaz mountain range of the Monchegorsk ore region confirm the unique resources of the site for platinoids.

“It is still necessary to assess the accuracy of geological forecasts, as well as to undergo expert confirmation of the estimated resources. But if the expectations of the geologists are correct, then this will be a good contribution to the resource base of the region, ”the press service explained.

The ministry added that prospecting studies have begun on platinum-bearing reefs in the southern part of the region. Completion of work under the contract is scheduled for 2020, TASS reports .

“The main result of the project should be the approved predicted resources of platinum group metals, as well as associated components - gold, nickel and copper,” a source in Rosgeologia said.
????????: https://www.tv21.ru/news/2019/10/31/na-gornom-massive-poaz-mozhet-byt-vdvoe-bolshe-platiny-i-nikelya

MAC& A,
Just trying to think aloud and make sense of NED, EGM FSP and trying to tie this together. Point noted re UBS And DLA Piper hence I did say it could be a tactic to strengthen negotiating hand to extract top doller from buyers involved in FSP. Could another consideration be EGM authority to issue further shares to allow Japanese consortium to take for example 20% stake in Eurasia for say £1bn thereby valuing the whole company at £5bn, which would provide capital and we get a special dividend paid.

Mac4671, I don't think there is a Japanese angle involved in the FSP. Timing of appointment of Japanese NED may be more to do with sales and marketing of the metals into Japanese market to achieve maximum sales price for these metals. If correct, this would indicate James is confident in extracting a bonanza amount of metals from WK to fund MT mine development without triggering sinosteel contract. No doubt James will prove successful. This will allow further funds to be raised via rights issue to accelerate development of new assets in JV with Reaseo. All without having to go into debt. This should push those involved in FSP to offer top dollar.