Member Info for Kammy18

Bleeding phone

Meant to type

"I can't remember who was spouting how the value of the material has more than halved since 2022 accounts.

I can't who was spouting how the value of the material has more haled since 2022 accounts.

Fridays RNS, in black and white

"As previously announced in 2022, we took the decision to stockpile the mine product (a 'black sand' concentrate containing platinum, osmium, palladium, iridium, rhodium and gold) from West Kytlim. This has worked in our favour. Mine product stockpiled now has an approximate value of circa £5 million (net of VAT as of the date of this report and is securely stored."

One doesn't need to read the full accounts, headlines are full of confidence. The on-going war may not have directly impacted EUA, but it has done so in-directly, in that Buyers are cautious, and rightly so. However, buyers and interested parties also know the war won't last another 12 months, at some point (in my opinion, soon) they will show their hand.

Its right there in the RNS, in black and white, the material is valued at £5m.

Kammy

Tillywhiz, well said.

Gecko been spouting how you bene ramping here and on HE1, to which I corrected him, in that you post trading numbers, with maritime jovials thrown in for good measure.

Gecko and his lot are rotten to the core, they moral compass is broken beyond repair, in spite a of very positive RNS (regardless how the SP behaves tomorrow), one can read thru their endless posts which are full of anger, hatred, frustration, they have bene wishing ill on all true investors. Just goes to show what people will do to earn 10%.

ATB

Kammy

I was on a stag do, and saw the RNS drop thru, had a quick read and smiled, got the news I'd had waited for, and switched off.

So, we have

1. Working capital for another 12 months

2. Trade finance loan

3. Directors defer payment of accrued fees and expenses from the previous 12 months, along with any future

compensation due whilst any part of the Trade Finance Loan remains outstanding.

4.Christian Schaffalitzky, the Company's Chairman, has pledged 94,619,517 of his ordinary shares in the Company as

collateral for the Trade Finance Loan

5. Sanderson has agreed that it will not elect to convert any of the Trade Finance Loan to shares in Eurasia during the first

90 days the Trade Finance Loan is in place.

6. Restoration of trading on Monday 9th, 7:30am

What's not to like?

CS has confidence, Sanderson Partners have confidence, in that the collateral shares won't be needed, clearly Sanderson have seen enough evidence to provide the Trade Loan Funding. As a loan provider you only accept tangible and worthwhile collateral, not monopoly Money shares. For CS to put some 94m shares on the lines shows extreme confidence. Genuine Lth have repeatedly said the B0D have skin in the game, this latest RNS, and the move by CS proves the point beyond any doubt.

To the naysayers, EUA BoD have skin in the game, they have deferred payment of accrued fees and expenses from the previous 12 months, along with any future compensation due whilst any part of the Trade Finance Loan remains outstanding , CS has put 94m of his own shares on the block, there you have it, in black and white.

Having said all that, the naysayers will keep their negativity going, they have serious mental and verbal diarrhoea.

Fab RNS, stay positive, true investors shall be rewarded

ATB

Kammy

Aubery, agreed, doesn't look good for a plc, looks and feels messy.

As a PM I never promise, IT projects by nature are fluid to say the least.

Just 3 more sleeps

This is from last RNS

!Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold mining company, announces that further to the announcements dated 27 June 2024, 29 July 2024 and 28 August 2024, its audit for the year ended 31 December 2023 is nearing completion, and the Company expects to publish its Annual Report and Accounts for the year ended 31 December 2023 (the "Annual Report") by the end of this week"

Accounts nearing completion and expects......there you have it, no guarantee but working todays completion. I'm a project manager, I often saying its nearing completion and expect to delivery by x, not will deliver by x.

Kammy

Offler, I don't look to the past, it is what it is, cannot be undone. It won't be end of the world if they don't publish or RNS today, this weekend will be no different to past 8 weekends, I won't be losing sleep over it.

If they don't issue/publish or RNS, it will just be another point scoring for the non-invested and those who want EUA to fail.

We got suspended because accounts/AR not published end of June, AIM rules.

What I'm saying, if accounts/AR get published, then no reason to remain suspended, unless of course the BoD decide to stay so to prevent a good kicking or share volatility. This allows bit more breathing space, and hopefully between now and 31st Dec they can get a move on to say 'SALE'

Kammy

Based on past history, most likely out of hours RNS, or even Monday morning, saying accounts completed and published. I think shares will re-commence trading Tue, personally, if no material news, prefer to remain in suspension.

Which page in 2021 accounts shows balance of £35m?

Just been going thru 2022 accounts, end of 2021 there was just over £22m in the bank, end of 2022, there was a bit over £1m in the bank, just struggling to get my head around the difference, how or where did the £21m go? At a guess, subsidiaries?

Director salaries nothing mind blowing,

J. Nieuwenhuys @ £190k

C. Schaffalitzky @ £120k

T. Abdikeev @ £90k

and the other on fees only, anything between 26k to 55k

CS isn't on mega salary, £120k is peanuts these days, as I said earlier in the week, these guys have families and mouths to feed too, we cannot expect them to work for nothing.

My view only, they too have lots to if they can get a sale finalised, and they have lots and lots to lose if EUA goes under.

Kammy

I prefer an RNS tomorrow, accounts published, no reason to remain suspended.

Having said that, if there is no material news tomorrow, SP will take a beating, therefore I prefer the suspension to remain in place until they have material news, then issue an RNS to bolster the SP.

Kammy

I'm looking forward to tomorrow, bordering on excitement in that if SP stays around 2.5p, Gecko will sell and take his misery elsewhere.

No doubt he'll respond to my post, I have him binned...finally!

Lenoman, thats not a bad prediction.

Too often peeps get themselves into a frenzy, high expectation, normally a damp squid when the new arrive, just look at HE1 yesterday.

I'm not expecting fireworks, just formal RNS, accounts signed and will be published on Monday, together lifting of suspension. There might be slight mention of finance, and BoD remains focussed on asset sale.

Good night, nothing else to see.

Kammy

GM402, I don't trust anyone, especially those on Telegram.

Unless another delay, Accounts/AR shall be published tomorrow, it'll all be there for everyone to see in terms of business transactions, in black and white. Bet your bottom dollar, peeps will interpret a set of numbers completely differently, and will spend the next days/weeks bickering and trying to prove each other wrong.

My take, numbers shall be bad, therefore plan for the worse, hope for the best comes to mind. After so many years, its all about sale, sale and sale.

Kammy

We accounts know accounts will be bad, how many times we need to dissect that same topic?

They won't be traditional P&L accounts, nothing been sold (assumption), so whatever cash they had in the 2022 accounts, less 2023, the balance will be pretty low, or we may need an overdraft.

Tomorrow, either the SP will get kicked about, or remain stable if there is hint of positivity in the AR.

Tomorrow, with 10% certainty, the bickering, the BS, the fighting, the insane ramping/de-ramping will continue.

BBaggins, I posted something on those lines, i.e. where is that £35m?

I realise it was almost 3 years ago, accounts should show us the cash burn, and current balance should reconcile?

My concern, fair bit of that £35 was loaned to subsidiaries, is that money now stuck?

Kammy

Someone posted that 101m was bought, and then someone nipped in by saying it was 101m of placement.

Really, remember, for every seller there is a buyer and vice versa. So if 101m was placement, sure enough it got mopped up by someone or by some entity with deep pockets.

In the RNS, it clearly states Helium discovery, and with additional wells and artificial lift, project is economically viable.

Agreed, funds required for additional wells, why all talk about further placement, surely a JV would and should fund additional wells and work?

ATB

Kammy

Aubery, I think most on here are expecting poor AR, thats almost given.

You say very little material sold, funds to dry up shortly and share to remain suspended. If that's the case, one has to ask what was the reason behind the suspension?

Over the past 2 months or so, talk of suspension has been around lack of funds? unable to publish accounts, material stock valuation and etc. We know AIM, it demands publication of accounts, and if not, shares get suspended.

Well, come Friday, accounts shall be published, therefore no reason for suspension in place, and if it does, then its anyone's guess as to why?

Kammy

Not quite sure tbh. I did say the SP will fluctuate and give people opportunity to trade, and or bail out.

All depends on the content of the RNS