Member Info for mac4671

What stops him? Quite simple really, they need the resources in production, Eurasia is a means to that end. They have no direct link to NN or anyone else who could be a target of any West sanctions. I blame a huge lack of logical research on your part for not fully understanding the present situation.

With NN setting up Atomyze, they're currently the only ones who can prove a ESG sourced supply line. Eurasia are to follow suit shortly i believe, it's quite evident from the ESG company set up to date. Where else will people source ESG metals, ones that can be proven to originate from a ESG source?

GLA

Oil and Gas will be hit hard, i can't see them going after metals which are required for the clean energy change. That would be extremely difficult to try and justify given the climate crisis, Oils and Gas can be nailed like hell which will ultimately speed up the switch.

Clever people can use this situation to an advantage if played right tbh.

It's a very awkward and poor situation, granted, but, some positives can surface.

GLA

"Bod currently in a board meeting, result of which to be issued soon!" - Cheers for the update Layla1.

GLA

Metals will go off the scale, any that Russia dominate markets with especially. And, remember, Eurasia have many things going on, info they can realistically release at will, well, once they review it of course -

!!Wardell Armstrong International has presented a draft CPR under the JORC Code and the NPV model to Eurasia for review!!

"The table above includes the Nyud deposit for which Eurasia's subsidiary already has paid Rosgeo (as announced via RNS on 26 March 2021) and the license transfer thereof will be separately announced. In the meantime, Wardell Armstrong International has presented a draft CPR under the JORC Code and the NPV model to Eurasia for review. Nyud is a nickel dominant relaunch project, similar to NKT."

GLA

It will be milked, any situation like this always is.

I have complete faith in Dmitry however, the company is set up to avoid sanctions in any event. The supply and demand scenario dictates that the metals are required globally, any supply constriction through sanctions will only send metal prices higher. As stated yesterday, Eurasia have no direct connections to anyone mentioned thus far, there will be no connections in any instant due to them using UBS and Citic Merchant. They're Swiss and Chinese banks, no sanctions will ever reach them.

GLA

It will be the same for Eurasia, operations will continue as usual at this stage.

Possibly ignore the bio weapon map attached under the strike map, there's a lot of info out there suggesting that it's propaganda. It's military areas that are targeted in any attack like the one we're all having to currently witness.

Crazy situation to have to see in this day and age tbh.

GLA

I would suggest that someone does if an RNS does not land prior to 14:00.

Imagine how they feel though, they're the biggest shareholders here. Realistically it is a blip that will send metal prices rocketing from a market perspective.

All Ukraine military airports have already been taken out apparently, is this going to be nothing more than a few day event?. It's very sad to see it end like the way it has and i truly feel for all involved in the middle of it all. Let's just hope it's fast and civilian casualties are minimal -

https://twitter.com/violacran/status/1496814530617348096?s=20&t=-wDPwOnJOsY0YNre99bK1w

Praying for them all caught up in that mess!

GLA

But, they do need to stop faffing around and tell us all the details via RNS -

"CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation, is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its headquarters are in Chaoyang District, Beijing."

"In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019."

https://www.investegate.co.uk/eurasia-mining-plc/rns/restoration-of-trading-on-aim/202007090700064583S/

GLA

!that included participants from the central banks of China! -

"GREENING CHINA’S FINANCIAL SYSTEM"

"ABOUT THIS REPORT
This book is the final output of an 18-month project, Greening China’s Financial System, carried out by the International Institute for Sustainable Development (IISD) and the Finance Research Institute (FRI), Development Research Center (DRC) of the State Council, in association with the United Nations Environment Programme (UNEP) Inquiry into the Design of a Sustainable Financial System, and with support from the Fridtjof Nansen Institute. The aim is to develop specific proposals for greening China’s financial system based on an analysis of current practice in China and an exchange of experience with international experts.The project was carried out through initial research, which led to the publication Greening China’s Financial System: An Initial Exploration in 2013. This was followed up in 2014 with in-depth research workshops with Chinese and international experts in Beijing, and a study tour by the DRC to Europe and the United States to understand the latest developments in this field. This included attending the Global Green Growth Forum, meetings with the Fridtjof Nansen Institute and other key finance-related institutions in Norway, as well as Citi Group in the United States. We also participated in a multi-country symposium, hosted by the UNEP Inquiry and the Rockefeller Brothers Foundation, that included participants from the central banks of China, Bangladesh and Brazil; the Prudential Regulation Authority of the Bank of England; the U.S. Treasury; Global Green Growth Initiative; and the National Renewable Energy Laboratory."

https://www.iisd.org/system/files/publications/greening-chinas-financial-system.pdf

GLA

They don't need to export to the West. That's always been an illusion. They export East to China etc, they create the products which then export West. A lot of you appear very naive on how the World supply chain actually works.

Citic Merchant is Chinese state owned, they're the ones who signed the engagement letter right at the start, they'll have been the ones sniffing around for assets in 2015 to secure metal supply lines. The resources are needed in all situations for the green industrial revolution, they will be bought or took to production regardless.

GLA

It's going to be a huge problem. Battered by Covid, now battered by energy prices etc. Power in the World has always changed throughout history, the World has always found a way to continue. This is a very clear new power change happening, the World stage will not be the same pecking order it once was when all of this is over!

GLA

They certainly need to make a big update this week, no one saw it all taking this long.

Assets and business plan is currently unaffected, if it's China or a Russian buyer in the FSP then that will not be effected either tbh. But, i fully agree that the BOD at this stage need to give us shareholders something concrete details wise. We've waited long enough to hear what deal price they may have achieved, it's time to actually drop something and show that everything is still happening as per the original plan. If not, it's the long game with Sinosteel constructing and WK expanding production.

Business will continue, but, we're certainly due a needed update which is full of specifics!

GLA

I believe it all boils down to something i read a long time ago " he who controls all of the needed resources, controls the World "

It used to be Oil and water, the board and game has changed with the green industrial revolution.

I believe that by the time the West noticed and started to say that they needed to drop reliance on China, it was all too late.

GLA

*inevitably......touch screens are a pain at times lol

GLA

Exactly 669er, West invetiably suffers due to supply lines. East invetitably strengthens due to full access.

China is now heading for the Worlds most powerful country whether we like it or not. They will secure any resources and they will continue to strengthen their World factory and investing status.

It's odd that many can't see what's about to happen tbh, very odd!

GLA

All the BOD has to do at this stage is release a relevant RNS that shows that everying is fine on the deal side and JORC of assets side.

Their cost is currently going down, ruble price, their profit is currently going up, metal prices. Numbers never lie!

GLA

James, do you even have one idea about how the resource licenses work?

Russia own the land, they simply give out licences for the extraction of the resources. Ownership of said licenses is cemented legally.

Whatever the plan is for Monchegorsk it has been agreed all round, it always has been, the plan is clearly to the governments satisfaction, hence the Rosgeo JV.

China will take all resources, that's a given at this stage. Russia still wants and needs investment in their country, of course, Western investment may slow down for a short period. Eastern investment will continue, they're business men, a weaker ruble with higher metal prices creates a far better profit margin.

GLA

China is heading for most powerful country at this stage Magnum. They will buy Russian resource assets regardless, they have to in order to meet their EV goals. A lot of Eastern countries are the same, great manufacturing arms, but, the resourcea required lay in other countries. Russia has a lot of the needed resources.

GLA

The Russian gov want things in production. I mean it's not even a case of want, the World needs the assets in production or there is zero chance of tackling climate change.

Eurasia's ownership was legally cemented quite some time back now.

GLA

I got it wrong Jaffy and said i would appologise if it went this way.

It won't effect Eurasia's business, no one can sanction a perfectly innocent company however. Eurasia are simply there setting up a fully legitimate ESG company to feed the green industrial revolution.

As i've highlighted previously, Eurasia's closest asset to any conflict zone is 2,600km+ away. Business will continue as usual.

When Russia stated they would return the sanctions favour, it may well come in the format of chip control. Doesn't Ukraine supply a lot of chips and there is already a chip shortage?

GLA