The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It's just logical tbh, it matches what was stated to be for sale in the most recent update -
"Possible sale of Russian assets
The Company continues to consider options for the sale of all of Eurasia's interests in Russia. These include the West Kytlim operating mine, the Monchetundra Project mining license, the NKT brownfield project, and the entitlement to the Nyud brownfield project.
The Board acknowledges shareholder frustration regarding the duration of the sale process, however also notes recent precedent transactions which have successfully completed despite the geopolitical situation. Further updates regarding the sale process will be made as appropriate and, at present, there can be no guarantee that Eurasia will enter into binding agreements."
NYUD isn't listed as it's an entitlement, the sale of the entitlement will be different to a sale of any assets -
"and the entitlement to the Nyud brownfield project."
I hope that all genuine shareholders are well, we could be looking at the final tree shake here, fingers crossed!
GLA
Final house keeping before sale is most likely, DFS news can't be far now, should drop any minute. Once that arrives the buyer has a ready to go project and Eurasia get maximum value from their current position.
GLA
Until it arrives, that's literally the best the green boxes can come up with -
"A final opinion on the DFS, to be provided by Rosnedra, is anticipated in the coming weeks."
"Possible sale of Russian assets
The Company continues to consider options for the sale of all of Eurasia's interests in Russia. These include the West Kytlim operating mine, the Monchetundra Project mining license, the NKT brownfield project, and the entitlement to the Nyud brownfield project.
The Board acknowledges shareholder frustration regarding the duration of the sale process, however also notes recent precedent transactions which have successfully completed despite the geopolitical situation. Further updates regarding the sale process will be made as appropriate and, at present, there can be no guarantee that Eurasia will enter into binding agreements."
Just ignore the charlatans and trust your own research genuine shareholders!
GLA
Knows why the extension has taken place, they're simply waiting like the rest of us and they don't want to miss out on their options -
"The Definitive Feasibility Study for Monchetundra ("DFS") was submitted in December 2022 and notice acknowledging receipt from Rosnedra, the relevant state authority, was received by the Company. Eurasia recently received a set of questions from the expert panel of the State Reserves Committee, to which the Company responded. A final opinion on the DFS, to be provided by Rosnedra, is anticipated in the coming weeks."
Just filter the noise makers, their agenda is transparent, it always has been!
GLA
Let's see what happens shortly -
"The expiry date on 151,000,000 share options, with a range of exercise prices (the "Options") has been extended for a period of six months from 2 November 2022 to 2 May 2023 (the "Options Extension")"
GLA
Oops, forgot this part -
"In China, the world’s biggest EV market, Honda Motor Co. has three EV models going on sale next year, e:NS2, e:NP2 and a concept unveiled at the recent Shanghai auto show.
By 2027, Honda will introduce seven more EV models in China. By 2035, Honda aims for 100% electric for its China sales, ahead of other regions."
It's only the World's biggest EV market. . . . . . China of BRICS ;)
GLA
"Honda has set a goal to have all its models around the world electric or fuel cell, which runs on hydrogen and is emissions-free, by 2040. It aims to make more than 2 million EVs a year by 2030."
https://abcnews.go.com/Business/wireStory/japans-honda-outlines-global-strategy-electric-cars-98851933
GLA
"buyers remit they might not want to part with the stockpiled plat?" - It's highly possible if Japanese buyers are going for WK, they'll have their Hydrogen use for it back home and a stockpile would of course be handy to them if they already have an offtaker, or, are offtaking the product themselves.
Car companies for example have to secure their supplies right now, that opens the door to all sorts of potential Japanese buyers for WK.
GLA
Some factual figures given which helps give a clue -
"· The net present value ("NPV") using an 8.33% discount rate for the underground part of the NKT project is $1.2bn under the WAI price forecast and $1.7bn under spot prices. Work on the open pit part is in progress and the NPV of that part will be announced separately."
They're not selling a grocery store, this is big league asset sales!
GLA
For sale -
"The Company continues to consider options for the sale of all of Eurasia's interests in Russia. These include the West Kytlim operating mine, the Monchetundra Project mining license, the NKT brownfield project, and the entitlement to the Nyud brownfield project."
NKT and NYUD are effectively the same, brownfield relaunch projects.
MT is a project taken from greenfield to DFS and therefore ready to go into production once DFS is accepted.
Many $'s of value no matter which way you do the sums!
GLA
Toyota fuel cell -
"The BMW iX5 Hydrogen uses a fuel cell stack developed in collaboration with Toyota"
https://energynews.biz/bmw-enters-hydrogen-fuel-cell-vehicle-race-with-ix5-hydrogen/
Maybe a Platinum mine will be handy, who knows -
https://www.mining.com/platinum-nanoclusters-improve-fuel-cell-performance/
GLA
Even more so when they have it stockpiled TheBeastofBodmin. It was a good decision by the BOD to do so on the metal price dip, the demand characteristics will only make their metals more sought after as time goes on.
GLA