Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's all you can do at this stage......BRIC's -
https://www.straitstimes.com/world/china-brazil-strike-deal-to-ditch-dollar-for-trade
GLA
License findings are circulating on twitter, it must really upset the green box brigade i bet. Poaz and Travyanaya from what i've seen myself......the Rosgeo JV is very much on imho
https://twitter.com/pw_lx/status/1641068182466093056?s=20
Chew on that green boxes ;)
GLA
The 10% will be interesting. We'll see if Eurasia have to pay it or not, the current structure has everything held in Russian subsidiaries and so is a Russian sale to a BRIC's entity.
It's not really a big percentage to hand over if they're allowing sales to go through smoothly in any case imho. Con people not remember all of the doom and gloom posts about Russia going to seize assets etc? Not one has been seized, all have been allowed to exit smoothly throughout!
GLA
Something else which can't be far away, perhaps a larger news drop covering DFS and Rosgeo JV will land at some point?
Wed, 21st Dec 2022
"- Definitive feasibility study (the "DFS") for the Loipishnune and West Nittis open pits has been submitted for approval.
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "We are encouraged by the progress made at both projects through the course of a challenging year. Our strategy remains as previously announced - to continue to develop our assets while working with counterparties in BRICS countries regarding the possible sale of our Russian assets, a process which we appreciate has now run on longer than the Company's management team anticipated.""
GLA
If you were in an advising bank capacity you would advise them to wait for the Nickel drama dust to settle, in order to value things as accurately as possible. Potentially the buyers side would have been advised to do so before penning any final agreement.
GLA
It may be to do with the Nickel trading drama at London, they've only just started trading it again properly. When not traded there was no real price to peg it to perhaps, therefore no accurate way to value a Nickel filled asset like NYUD for example -
https://www.mining.com/web/lme-nickel-finally-returns-to-regular-trading-hours-after-crisis/
We know our PGM's are traded at a slight discount to London's prices, battery metals would be similar imho
GLA
If sanctions affected Eurasia, all they could really do is cease its trading on the LSE. Most of the sanctions are simply stopping Western parties from being customers, that is all, the entire BRIC's network is still very much able to buy whatever it pleases from any Russian company.
Take India for example when all of the Oil sanctions began, the West stopped buying and India simply took the opportunity to get a secure supply line of Oil.
The demand characteristics of the revolution which has formed creates the situation where there will always be customers for Eurasia's ESG battery metals.
GLA
Rosgeo JV assets are in the wider district mining plan, it was all started far sooner than any conflict began. The entire thing is also BRIC's related, there is no West connection other than the umbrella shell trades on the LSE.
GLA
I will say one thing, after a 24 month wait it would have been right to have the RNS out at 7am. Any good leader would have done so. The RNS system changed when Christian stopped being CEO, if he was still in that position then the RNS would have arrived by now. They were like clockwork when he was CEO.
GLA
The decision deadline on an entire district full of battery metals approaches fast -
"Battery metal frenzy outshines recovery fears at PDAC"
https://www.mining.com/web/battery-metal-frenzy-outshines-recovery-fears-at-mining-show/
Have fun!
GLA
You have to be aware that Russia has not played all of its cards at this stage of things, there are other things that could be done, but, they've not taken that path for now. Like this for example -
"Citi warns clients about risks of Russia ‘weaponising’ metals"
"Citigroup has warned clients about the risks of Russia weaponising its exports of materials such as aluminium, palladium and nuclear fuels, potentially leading to price rises for these critical commodities."
https://www.ft.com/content/6653aaaa-f6fd-4f20-91d0-3dd37e037da8
I agree with Beijing however, and, i'm glad that they look to be pushing for peace.
GLA
Trade between their nations increases.......there, all fixed for today.
26th March gets closer, 24 month Rosgeo JV window is closing very fast at this stage. A very easy wait when you look at the larger BRICS climate which is currently forming. Eurasia's metals have a BUYER in all situations, much to the disgust of the nonsense peddlers on here lol
GLA
Us LTH's are like monuments, and, well, you can guess who the other label refers to. Have fun -
https://www.mining.com/web/monumental-shift-in-way-junior-mining-stocks-are-valued-is-coming/
GLA
Green boxes, don't worry, i know you guys struggle past 5 so use your fingers and toes to help.
26 March 2021
"Eurasia has 24 months in which to decide whether to select some or all of the assets to develop"
That is all from mac today.
I hope all genuine holders are well, it's a good counting game, even if it is hard for the green boxes!
GLA