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AFP News Agency
@AFP
#BREAKING Russian oil giant Lukoil calls for halt to Ukraine war

https://twitter.com/AFP/status/1499410431726731271?s=20&t=bnyfwVyhDO9v12aHLlrU7Q

GLA

You only need to dig a little to see some things tbh -

"An alternative to SWIFT – and the dollar?
On the same day, Indian outlet The Economic Times reported that BRICS could further have discussed an alternative to SWIFT. It suggests that Russia, India, and China are planning to link the national payment messaging systems CIPS of China and SPFS of Russia. Both this and the RDIF settlement system hope to challenge the supremacy of the US dollar, as Reuters also claims."

GLA

Something tells me that the BRICS block may create their own currency at some point, it could make sense for that block to create their own -

"Yesterday, Russian news agency RBC reported that the BRICS Business Council supported a unified payment system for member countries. The system, suggested by the Russian Direct Investment Fund (RDIF), could facilitate settlements through a single BRICS “cryptocurrency”."

https://www.ledgerinsights.com/russia-suggests-digital-currency-brics/

GLA

Add Nickel/Copper to the list shortly when they secure supply lines from Monchegorsk imho. All via Citic Merchant, the Chinese side we have an engagement letter signed with -

See if that works, not sure why links sometimes don't work on this site, it is annoying at times -

http://www.envision-group.com/envision-aesc

http://www.envision-group.com/envision-energy

Chinese green energy group already working in Russia.

GLA

China is already dominating the Lithium and battery markets -

An example of a Chinese manufacturing arm, strangely enough they make batteries, they are the ones who are going to supply the Nissan plant in Sunderland. Scroll down to the map to see the highlighted geographical battery production areas -

http://www.envision-group.com/envision-aesc

That's just one example, most know how China has hundreds of companies who all require the battery metals that are contained at Monchegorsk.

The reason i chose the above example is because they're already a green company involved in Russia. See the relevant map here -

http://www.envision-group.com/envision-energy

"In 2014 AESC was the second largest electric vehicle battery manufacturer worldwide (after Panasonic), with 21% of the market"

"In Aug 2018, Nissan announced sale of its electric car battery unit to Chinese renewable group Envision Group, while retaining a 25% stake. The sale included AESC as well as battery manufacturing plants in USA (Tennessee) and England (Sunderland). NEC's 49% stake was also to be sold to Envision."

https://en.wikipedia.org/wiki/Automotive_Energy_Supply_Corporation

GLA

"What Is Brazil, Russia, India, and China (BRIC)?
BRIC is an acronym for the developing nations of Brazil, Russia, India, and China - countries believed to be the future dominant suppliers of manufactured goods, services, and raw materials by 2050. China and India will become the world's dominant suppliers of manufactured goods and services, respectively, while Brazil and Russia will become similarly dominant as suppliers of raw materials. As of 2010, South Africa joined the group, which is now referred to as BRICS."

https://www.investopedia.com/terms/b/bric.asp

___________________________________________________________

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".

GLA

Let's hope for at least a ceasefire from this round of talks. Surely people are feeling that it has already went on long enough at both sides.

Fingers crossed!

GLA

Look -

PMMJM
@PMMJM
·
1m
Palladium: US$ 2780 per troy oz http://dlvr.it/SL0x8S

https://twitter.com/PMMJM/status/1499395691629584387?s=20&t=bnyfwVyhDO9v12aHLlrU7Q

PMMJM
@PMMJM
Rhodium: US$ 19950 per troy oz http://dlvr.it/SL0x5Z

https://twitter.com/PMMJM/status/1499395686332186631?s=20&t=bnyfwVyhDO9v12aHLlrU7Q

Due to the market being fixed in USD, Eurasia's assets get more valuable as per John Meyer's assessment. That's just part of the equation which is taking place in the middle of this conflict.

GLA

GLA

See what i've wrote nathdomb, costs (wages, tax, machinery hire etc) are in Ruble's. Sale of metals is in USD and banked in Euro dollars in Cyprus imho. You can figure out how that improves things surely if wages/costs remain the same in Rubles, but, the currency your sold wares are in has increased in strength in comparison. Profit margin increases, it increases even more due to the prevailing Palladium rally also.

GLA

RNS tell you enough to figure it all out tbh -

· Eurasia has no bank accounts with Russian state-owned banks.

· The Company also has no relationship with any Russian state-owned banks.

· Eurasia's production (palladium, platinum, rhodium, iridium and gold) from the operating mines is sold in the domestic market at prices with a market discount to the LME prices fixed in USD, while the costs are mainly fixed in Roubles, whereby a weakening Rouble exchange rate has a positive impact on the bottom line of the Company.

· The Sanctions do not prevent the Company from executing on its 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".

GLA

Most are presently here for the asset sale, that can all still take place and the dividends distributed as normal.

There are perhaps many who operate in Russia and bank that way to avoid trading in the volatile Ruble imho. Commodity markets are all priced in USD, so it makes sense to use a separate foreign banking/trading arm to run all of those transactions through.

GLA

They already have the relevant digital EGM rules in place due to Covid travel restrictions. Sanction travel restrictions are no different, so, everything can be voted through as per it was set up for Covid imho

GLA

There isn't anything that can prevent dividends being paid to shareholders, sale of asset proceeds will get distributed as a dividend after the relevant EGM etc. There are no sanctions on any Cypriot bank.

The awkward part Eurasia will currently have is getting wages to employees i would imagine, the transactions will still happen, but, they'll take longer.

GLA

Russia or Chinese buyer would achieve the same result tbh.

Cash out is simple, note the Cypriot mentioned part. They sell their metals in USD and bank in Euro dollars via the Cyprus part is my educated guess. Tax, wages etc are paid in Ruble's. It's how the bottom end gets cheaper and their profit increases.

GLA

Monchegorsk won't be in production for 18-24 months time, any buyer will be looking at that as their start point and not this present conflict situation. They're forward securing their supply lines, it's what all relevant bodies do when a large industrial change is happening.

GLA

The mining assets are already nationalised. Russia owns all of the resources, they simply hand out license's on their terms for the extraction of whatever resource it is. Eurasia have to work to their system, they always have done. This is why license applications take a long time, they go through multiple bodies before arriving in any companies hands.

GLA

You don't have to inform anyone kevman, things affect people in different ways.

Peace talks are positive, no matter which way you look at them. It could all end today from those talks, or, at least a ceasefire put in place, we just have to wait and see.

There's a lot of pressure on both sides at this stage tbh, let's hope that the talks go well.

GLA

EU 7th non-military aligned member is the clear solution.

Ukraine would feel more secure as an EU member and Russia would feel more secure with no NATO on their doorstep there.

Those talks could arrive at that solution today, just as long as someone has logically thought about things and as that as a viable option.

GLA

Take care Les, sorry to hear the sad news, stay strong!

GLA

Gaza, it simply states 'talks today' nothing else.

There is also a $1,000,000 bounty on his head, but, that's a different story.

A ceasfire coukd transpire from the talks, tomorrow would be a far different day if that first stage happened.

Not sure why people want to be negative about peace talks, they've started very fast in this conflict, it's highly positive.

GLA