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"Kola Nickel marks the start of our plans for 2022, with much more to follow as we successfully conclude our initial strategy and develop EUAv2.0 https://bit.ly/34KusJv"
"as we successfully conclude our initial strategy " - does sound extremely promising for a sale in the near future - maybe even shortly!
Beresford
"CTC if a share goes up 3000%, then it can come down 3000% when it crashes"
Some very basic misunderstanding of mathematics here! As has been remarked, it can't lose more than 100%.
Reminds me of a story about teachers during the who war were given a paycut of 10%. After the war they were given a 10% rise to make up for it - which left them 1% out of pocket.
Jommib7
Yes I can confirm that it is a really good long walk on the prom at Playa Blanca - several miles. That is our favourite area of the island, though a bit of a drive from the rest of the island if you want to do some exploring. Lanza is well worth a visit and more to see and do than on Fuerteventura.
Sorry to return this thread to talking about EUA!
Just done a dummy buy and confirmed that the string of transactions going through at the moment as 'Sells' are actually buys.
All the best for a very prosperous New Year
Interesting tweet:
https://twitter.com/RichardDugdale3/status/1474319910662815751
He calculates the overall NPV as £4.43.
https://acfequityresearch.com/wp-content/uploads/2021/12/Eurasia-Mining-Plc-Flash-Note-ACF-Equity-Research-FINAL-20122021.pdf
"VALUE RANGE Eurasia Mining Plc GBp 115 – 127"
"EUA’s share of Monchetundra flanks 40 Moz could be worth more than £3.3bn alone and before any added contribution from the vast Rosgeo JV Formal valuation to capture tax and NKT JORC, likely in next note. "
What's not to like?
I don't think there was any doubt that the original 'buyer' was NN. There was frequent references to the proximity of the NN smelter in the communications from the board, and then a subsiduary of NN carried out the DD. That didn't go through, as after that the BoD got further offers (RNS 30th Sept and 28th Oct).
SInce then the references to NN have continued, so it looks like the board are still expecting to sell to NN, presumably at an increased price. I have no doubt the terms of the sale will be complicated and that it will have taken a long time negotiating.
An NPV of $1.2Billion is equivalent to 25p per share (EUA own 80%) which is what it could be worth if EUA develops the resource itself.
There are a number of articles on the web discussing NPV which can get very mathematical, but this is an example of a discussion of NPV versus sale price: https://insights.csaglobal.com/market-value-doesnt-match-npv/
The top price paid for a sale is about half the NPV, but usually much lower.
Given how many opportunties there are to come for the NPV to be increased many fold, this has to be a very positive indication.
This is a very small part of EUA's assets but is conservatively valued (real JORC valuation, not someone's estimate) at around $1billion. There is no longer any doubt that EUA is a serious player.
TMS - " I'm saying that EUA paid $500k for its option. Any possible potential buyer would also have paid $500k. Therefore EUA's option is worth $500k to any buyer. It is not rocket science."
Tell that to the oligarchs who got massive Russian rights at knockdown prices. It is rather looking like the Russians are treating Dimitri in the same way. (I hope!)
This is the original link for the live feed (now pulled) - you can work back from there....
https://forum2021.moex.com/meeting?activeStep=1
Calpos - I think the trigger was the tweet about the WK flanks, though that isn't of itself significant compared to the other resources. Then there is a lot of excitement about the upcoming Moscow conference.
I think the point is that we know this is undervalued and it only needs a spur to get it moving in the right direction. Lets hope it isn't another false dawn.