Member Info for mac4671

How big of a loss, this big apparently -

"A Chinese nickel titan is staring down an $8 billion trading loss as a short squeeze sends the metal soaring, new report says"

"The paper loss stood at $8 billion on Monday before the London Metal Exchange on Tuesday suspended trading in the metal used to produce stainless steel and batteries for electric vehicles, the Journal reported, citing people familiar with the company."

https://markets.businessinsider.com/news/commodities/nickel-prices-today-china-tsingshan-8-billion-loss-russia-ukraine-2022-3

GLA

This is why not to short, when the gamble goes wrong it goes terribly wrong -

"Chinese tycoon behind nickel short faces billions in losses"

https://www.afr.com/companies/mining/chinese-tycoon-behind-nickel-short-faces-billions-in-losses-20220309-p5a2zd

Usually positions taken in hope, rarely anything to back up taking the position, which, in turn, quite often leads to catastrophic losses.

GLA

Every time he goes to do the calculation the answer is too large for it to compute lol -

Metals

----------------Reserves*, Contained Metal, tonnes -------------Resources**, Contained Metal, tonnes

Copper------------------292,714---------------------------------------------- 1,807,049

Nickel***-------------- 388,485----------------------------------------------- 1,858,875

Sources: Russian Feasibility Studies, Reserves & Resources Reports, Rosgeo, Norilsk Nickel

* Reserves include B, C1 and C2 categories under the Russian classification

** Resources include P1 and P2 categories under the Russian classification and do not include P3

*** The cut-off grade is in the range of 0.3% - 0.5%

**** The cut-off grade is in the range of 0.5 to 4 g/t

***** The total of reserves and resources in the table above is 184.6Moz of Platinum equivalent

GLA

Even the South African link all links back to China -

"·; 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."

______________________________________________________

LESEGO PLATINUM
A World Class PGM Asset

The creation of an integrated China-South African cross border PGM company, participating throughout the value chain to deliver superior returns to all stakeholders!

https://www.lesego.com/

It's never about the single pieces of the jigsaw, it's about putting them all together to see the picture!

GLA

The company continues as usual -

"· The Board is closely monitoring the evolving sanctions and re-iterates that no individual or entity identified in the sanctions is associated with the Company in any way. Nor do the sanctions prevent the Company from executing on its M&A strategy as announced.

Christian Schaffalitzky, Executive Chairman commented: "The Board notes our focus on BRICS (in particular on Russia, China and South Africa) and Japan in terms of our M&A strategy. More updates are to be provided in due course".

James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "The Directors are grateful that the fundamentals of the Company are recognised including by H.C. Wainwright & Co initiating coverage on Eurasia by issuing independent research. In these times of high volatility, the Directors and the Officers continue to stay calm and focused on their jobs in the best interests of the Company and all shareholders"

Certainly interested in the South African spin, i didn't see that part coming, but, James does have a strong connection to the area and he was part of DD for an original proposed JV. Could it be that, or, could it be something else?

GLA

It's all very predictable. Still holding above $3000 an ounce as well!

GLA

See here, lands in exclusivity zone -

https://twitter.com/TheBakingTrader/status/1501485643813249027?t=JQKVa8EjlPEILWzSKH-J7Q&s=19

GLA

"China was a notable exception, but the Kremlin may have irked their eastern ally as they referred to Taiwan as a country (even though it was on the “unfriendly” list)."

https://www.indy100.com/news/russia-unfriendly-countries-list-reaction

It's all fairly predictable tbh, metal prices will go crazy and they'll only trade with their friends and neutral countries.

GLA

Indeed, i stated that the other day tbh -

"no such shareholder holds, directly or indirectly, more than 50% of the shares or voting rights in the Company"

Highly applicable to Eurasia's position!

GLA

Do have fun chaps, but, again, China is not on the list.

You're investors in Eurasia, well you're supposed to be if you're here chatting on the board designed for Eurasia shareholder chat.

The conflict will end, peace will arrive in one fashion or another, and all the time Eurasia will continue as normal!

GLA

"China was a notable exception, but the Kremlin may have irked their eastern ally as they referred to Taiwan as a country (even though it was on the “unfriendly” list)."

https://www.indy100.com/news/russia-unfriendly-countries-list-reaction

It's all fairly predictable tbh, metal prices will go crazy and they'll only trade with their friends and neutral countries.

GLA

Behave, it's retaliation to Western sanctions, it will be countries who have sanctioned Russia who will receive no exports from Russia. Trade with people who have remained neutral etc will continue, it's basic common sense tbh.

GLA

It tells you pretty clearly what will happen tbh, things will be banned to the West, the ones who have put sanctions on Russia -

"The Russian cabinet must now decide on the list of commodities and countries subject to the ban over the next 48 hours."

Commodities and countries, it's quite clearly a targeted retaliation. BRICS will not be effected imho

GLA

Staying as an independent state is not surrender, you can comprehend that can't you?. Surrender would be becoming a Russian state, whatever you're drinking i suggest laying off it for a while.

GLA

It's encouraging a fuller scale war in Ukraine CAW. The Russian air force has barely been used, all it will do is entice the air force into battle. It's why this weeks peace talks need to come to an agreement, or, it will be a far fuller scale battle within Ukraine. The only people who truly suffer in all of this is the Ukrainian's due to the destruction caused by an escalated battle.

They do all of this fully in the knowledge that Putin has an abundance of tactical nukes at his control as well, it's very worrying. They should be encouraging the peace dynamic between the parties, not encouraging more fighting, death and destruction imho

GLA

One thing people shouldn't want is Zelensky being turned into a Martyr. The reality is that Russia have only used a fraction of their forces to date. They have something like 900,000 army personnel and a couple of million reservists.

He has proven how brave the Ukranian's are, it's time for a peace deal.

The US does not care as it's not on their doorstep, i'm glad that people over there are asking a lot of questions right now.

Let's all hope for peace from the talks that are happening very fast at the moment, total destruction is not required when they're able to stay as the independent state that they wish for imho. There are logical choices going forward for Ukraine that can result in a win for both sides.

GLA

You must have lost the plot. So anyone who wishes for peace to prevail is a mad vlad bot?

Peace is the only logical solution here, if the terms are right there to be agreed upon while saving hundreds of thousands of LIVES, it makes sense to get the peace deal done. Anything else is just carnage for the sake of carnage you FOOL.

GLA

"The President also instructed the government to determine the lists of foreign states to which the export of these goods will be prohibited within a day."

https://ria.ru/20220308/putin-1777185533.html

I think this concludes severing ties with the West imho

GLA

"In Nod To Russia, Ukraine Says No Longer Insisting On NATO Membership"

"President Volodymyr Zelensky said he is no longer pressing for NATO membership for Ukraine, a delicate issue that was one of Russia's stated reasons for invading its pro-Western neighbor.

In another apparent nod aimed at placating Moscow, Zelensky said he is open to "compromise" on the status of two breakaway pro-Russian territories that President Vladimir Putin recognized as independent just before unleashing the invasion on February 24.

"I have cooled down regarding this question a long time ago after we understood that ... NATO is not prepared to accept Ukraine," Zelensky said in an interview aired Monday night on ABC News."

https://www.ibtimes.com/nod-russia-ukraine-says-no-longer-insisting-nato-membership-3428691

GLA

Fuel at pumps and gas prices will go mad -

Disclose.tv
@disclosetv
·
5m
JUST IN - Putin signs a decree restricting imports and exports of products and raw materials to "ensure the security of the Russian Federation," RIA reports.

The list will be determined by the government.

https://twitter.com/disclosetv/status/1501260323562659843?s=20&t=KWqohNCjA4tgjwz43Sc-SQ

BRICS bloc and East in general will benefit here, you can see it coming from a mile away1

GLA