Member Info for mac4671

Good to keep things circulating Gaza, i dropped that very link yesterday, you get the feeling that everything has been timed to perfection tbh -

Cobalt, used in rechargeable batteries and superalloys

Iridium, used as coating of anodes for electrochemical processes and as a chemical catalyst

Nickel, used to make stainless steel, superalloys, and rechargeable batteries

Palladium, used in catalytic converters and as a catalyst agent , Platinum, used in catalytic converters

Rhodium, used in catalytic converters, electrical components, and as a catalyst

All at Eurasia Mining!!

GLA

Culmination of things, MSCI update day tomorrow, Alex's tweet perhaps, and also tomorrow is 14 days after the DD complete RNS.

There are a few things which could have caused the last minute buying today.

GLA

And it is without the clear upgrade which is in play due to the new metal pricing environment amongst other things.

"To summarise, as per the information from the Russian Cadastre:

·; there are potential resources within the existing Company licence and the flanks application of c.15M oz. This includes Eurasia's current state approved reserves and resources of c.1.9million ounces (see the Company's Resource Statement, announced 15 June 2017) and c.13Moz detailed in the Russian Cadastre;

·; additional potential resources occurring within 5km of the Monchetundra Mining license and areas neighbouring the Company's deposits of c.4M oz; and

·; additional potential resources within the wider Monchegorsk district in which the Monchetundra license is located of c.21M oz.

The potential for the area could be 40M oz of PGMs, but as stated above this data has not been independently verified by Eurasia and other than the area covered by the Company's existing licence the Company does not yet have any other licences in the area"

That's what the JORC, recent drilling and putting everything into a larger DFS is for. Prove everything up and have it all ready with a thorough mining plan in place.

That's on what we've got current first mover advantage over, but, there is also this asset they could possibly go back to -

"The Company would also like to highlight further regional potential specifically in the Volchetundra Project, previously operated by the Company under a Joint Venture with Anglo American from 2004 to 2011, and subsequently surrendered to focus on the Monchetundra Project. Volchetundra occurs 5 km from Monchegorsk. This high palladium deposit now becomes of interest given the recent price appreciation in palladium and the future price outlook. Palladium prices through 2011 averaged less than $600 per ounce. The Company's database of proprietary information including 12,000m of drilling will be compiled in due course to reassess the projects future potential development. If the Company did want to explore this project again, it would have to re-apply for the relevant licences and there can be no guarantee that they will be granted."

With MT they have the blue print of how to explore and get Volche ready for production and we all know just how critical these minerals are at the moment with COP26 in full swing. They can't make the switch over to clean without the required metals, that's where Eurasia Mining are very important, along with Rosgeo, the Russian Gov and all else who are working hard to bring everything online over there!!

GLA

"The #eurasiamining LON:#EUA BoD have 7 days to influence the
@MSCI_Inc
index rebalance announced on 11/11. Last chance until May 22? Do we have news waiting in the wings that could supercharge institutional buying?
@ACFER01
#ETFs #ESG #investing #Mining #Commodities #StocksToBuy"

https://twitter.com/iMuesliBrown/status/1455622401895682048?s=20

GLA

For anyone who may have missed it -

"#EUA #eurasiamining Urals Rosnedra seemed very helpful with recent inquiry concerning Western Flanks of WK. Looking at this letter, deemed granted? EUA identify it as 'industrially significant deposit'. Info was freely issued via public requestThumbs upCan
@eurasiamining
verify?"

https://twitter.com/R1EXG/status/1458425882557702145?s=20

Another WK flanks app, it should take it over the 1Moz Platinum eqv resource level i believe!

GLA

"M&A due diligence – Due diligence is an exhaustive process that begins when the offer has been accepted; due diligence aims to confirm or correct the acquirer’s assessment of the value of the target company by conducting a detailed examination and analysis of every aspect of the target company’s operations – its financial metrics, assets and liabilities, customers, human resources, etc."

https://corporatefinanceinstitute.com/resources/knowledge/deals/mergers-acquisitions-ma-process/

Several transactions -

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that we are advancing several transactions concurrently. We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale".

And we arrive here -

"Purchase and sale contract – Assuming due diligence is completed with no major problems or concerns arising, the next step forward is executing a final contract for sale; the parties make a final decision on the type of purchase agreement, whether it is to be an asset purchase or share purchase"

That's all we have to wait on at this stage, they'll have their financing in place and step 10 comes after we vote on the disposals via a EGM.

Feet up and very relaxed, the main work has been done. Grab a Koka Kola and relax!!!

GLA

Where Kola mmc is -

https://www.tv21.ru/news/2021/11/02/v-murmanskoy-oblasti-poyavitsya-logisticheskiy-centr

"Kola MMC is preparing its own railway infrastructure for the implementation of the Big Copper project"

https://www.kolagmk.ru/news/2021-09-08/kolskaya-gmk-gotovit-sobstvennuyu-zheleznodorozhnuyu-infrastrukturu-k-realizacii-proekta-bolshaya-med.html

They're getting ready for something quite big there, i wonder what it could be? hmmmmmm lol

Can people remember his 'timing is everything' tweet? Just in case you have forgot -

https://twitter.com/elonmusk/status/1408375014261395462?s=20

Make no mistake, Elon/Tesla has their eyes firmly fixed on Murmansk as well -

https://arctic-russia.ru/project/pritsel-na-tesla/

Just thought i would drop those gems into one post and keep them circulated.

MASSIVE things are planned for Murmansk.

Koka Kola's all round!

GLA

Almost 3 months radio silence on the twitter social media front for Eurasia. Dmitry's last retweet wasn't long after Eurasia stopped either.

GLA

The most interesting way of following what rules they could be following is to follow their social media silences, when they're silent they're clearly in a strict period.

GLA

We don't know what agreement rules they're following in this locked in period armybarmy, that's the problem. They may not be able to release such details if there is an exclusive agreement to purchase the asset.

We all find out inevitably either way when the deal details get released.

GLA

Here's a Russian example rubarbrubarb:

Another sale with a Royalty structure was done by Polymetal -

"Polymetal sold Sopka assets for a total consideration of RUB 800 million payable in cash (US$ 10 million) and 1% Net Smelter Return (NSR)."

https://www.polymetalinternational.com/en/investors-and-media/news/press-releases/26-03-2020/

GLA

"#EUA #eurasiamining Urals Rosnedra seemed very helpful with recent inquiry concerning Western Flanks of WK. Looking at this letter, deemed granted? EUA identify it as 'industrially significant deposit'. Info was freely issued via public requestThumbs upCan
@eurasiamining
verify?"

https://twitter.com/R1EXG/status/1458425882557702145?s=20

Another WK flanks app, it should take it over the 1Moz Platinum eqv resource level i believe!

GLA

They occur in asset sales as Eurasia will remain the legal owner -

"Asset vs. Stock Deal: In an asset sale, the acquirer purchases the target company’s assets (knowledge, customer lists, inventory, resources, equipment, etc.), but the target company remains the legal owner."

And to confirm exactly where we are with it all -

"Help facilitate the buyer’s due diligence. It can take more than two months for the buyer to complete their due diligence evaluations, but you, as the seller, can help expedite the process. Prepare all documentation ahead of time, and stay in close contact throughout the process, so you can swiftly handle issues as they arise.

Get final board approval. When the buyer has completed due diligence and plans to move forward, solicit final board approval.

Sign the definitive agreement. Once you sign the final agreement, the deal is closed — you have either merged with or been acquired by another company, and integration begins."

Get final board approval in our instance requires the EGM and for us to vote it through as shareholders.

This is the better link for explaining the roles and steps at both sides of the table -

https://www.smartsheet.com/content/merger-and-acquisition-process

It's a good read and would help anyone who isn't familiar with what's currently going on with Eurasia Mining.

GLA

They already have the right deal from the FSP, it is why the FSP ended as they've been locked in exclusively with the buyer since that point.

If someone were to come over the top where we would see it, it would be after the initial deal details from the buyer that we're locked in with get released. There is a strong chance it could happen, i imagine our locked in buyer will have their own window to cover such an event, their advisers will have told them to expect competition at this stage due to what everyone sees in the wider global market.

Miners and car companies are battling to secure resources, we know this from the recent Sibayne battle -

https://twitter.com/iMuesliBrown/status/1458018574493171712?s=20

GLA

I agree Judge-mental, is has been completed to the satisfaction of 'the buyer', it's just the final sale contract to do before it gets released to us to look over and vote on via a EGM. We're really close now, could even be this week, some instances have seen 14 day deadlines to have things done by, we'll just have to wait and see.

It's the most relaxing position Eurasia has been in during the whole asset sale process, all that is required is time and for all to have a satisfactory slice of the pie ready for the deal details to drop.

GLA

Demand scenario about to go right off the chart -

https://www.youtube.com/watch?v=W-FdVKsx1Bc

GLA

Indeed LargeGin, they have to have seen everything to complete their DD. DFS on what they're buying, JORC's, mine plans etc.
It's the only way to arrive at their final and most accurate assessment.

I finally found those leader boards that people have mentioned from time to time, it was nice to see Eurasia firmly at the top of it.

GLA

What's not to like?

"· Agreement with Rosgeo concluded in March to form a globally significant battery metals and PGM district on the Kola Peninsula, positioning Eurasia among majors

· Wardell Armstrong International engaged in April for several comprehensive tasks including JORC resource audits which are almost complete and are expected to be announced shortly

· Proposal received in May for the potential acquisition of substantially all of the Company's assets. Since then, additional interest from other parties is being considered by the Board"

"· Further to the proposal (the "Proposal") from the credible party (the "Buyer") on the potential asset sale announced via RNS on 12 May 2021, the Buyer has informed Eurasia in writing that it has successfully completed its due diligence."

"Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted that we are advancing several transactions concurrently. We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale"."

Most comfortable position Eurasia has ever been in, a very easy waiting game!

Koka Kola's all round!

GLA

Ah so it's mcap and not a for sale value, that makes more sense, i was wondering from what i've just seen on twitter.

And it's just a maiden resource estimate, miles behind Eurasia who are putting DFS and JORC in place as we speak.

It's very interesting the difference in mcap's, it clearly shows how undervalued Eurasia are with the 15Moz MT + Flanks figure.

GLA

The easiest and most straight forward comparison is the 17Moz Palladium eqv, we have 15Moz Palladium eqv at MT + Flanks. But, remember what is coming from the Rosgeo JV, that figure can easily be quadrupled and that's without any resource upgrades from recent JORC's and the higher metal pricing environment.

GLA