Member Info for mac4671

Not entirely sure gfd, at one stage they updated regularly as they appeared excited to have got the asset into to production and were hitting new daily production highs. This season they may wait until all 3 plants are in production and give something to explain their average daily production amount, or, because it is July already, we may have to wait for the end of season results to get any production figures for WK. It will certainly be very interesting to see what they've managed to achieve with their first real full season in production for themselves.
From R1ex's satellite updates to 3 plant plans in RNS, it is looking like quite a big year for Eurasia at West Kytlym.

GLA

"to dedicate his time and energies to a new, online, research enterprise." - He was very good at digging things up at a rapid pace gfd. He shared everything he found on here, you couldn't really ask for any more. I wish he was still about just to share one thing i remember him sharing, and that is the link to info which had hard numbers attached to certain areas around Monchegorsk. NKT was around 22Moz, another area had 7Moz approx attached to it. That link right now would be very valuable to be honest.

He had good vision for figuring out what could possibly take place to speed things up in bringing the district to production, it would have been nice to hear what he thinks about the current situation and where he see things possibly going.
As for his £3.50, that's highly likely in the medium to long term to be honest, if they take Rosgeo JV assets to production then it's an absolute cakewalk.

GLA

Who's looking forward to hearing more about this? -

"is pleased to announce that it has appointed Mr. Tamerlan Abdikeev as a non-executive Director of the Company and the head of Eurasia's office in Japan ("Eurasia Japan")."

It's quite easy to get tied up in the 'deal news' angle, but, there are also other developments going on at Eurasia which have you wanting to know more. Eurasia Japan, an office set up in a country that wants to be the global leader in hydrogen. This was once just a tiny little AIM tiddler, now they look set up to feed the revolution in Japan directly via their first mover position on the great Monchegorsk PGM and battery metals district.
It's quite amazing to have witnessed what Eurasia have achieved over the last 5 years if i'm honest, i've seen it go from a tiny little pilot production plant at West Kytlym to everything we see today, what a great journey so far!

GLA

Air liquide are good, they appear in many consortium places, here's one of my old posts -

"Japanese consortium's is where it's now at07 May 2021 16:04
That FSP will be very fierce, consortium's going head to head imho. The Chinese, Japanese and who knows who else. They all need the commodities but who will secure them?

Got to outbid a Japanese one like one of these imho -

Japan Hydrogen Association

"As of 2 December, JH2A had 87 member companies. JH2A has three main working groups:"

https://www.greencarcongress.com/2020/12/20201207-jh2a.html

Another consortium which is no doubt quite larger by now -

"The 11 partners in the venture are Air Liquide Japan, Toyota Motor Corporation, Nissan Motor, Honda Motor, JXTG Nippon Oil & Energy Corporation, Idemitsu Kosan, Iwatani Corporation, Tokyo Gas, Toho Gas, Toyota Tsusho Corporation and Development Bank of Japan."

https://www.h2-view.com/story/who-is-japan-h2-mobility/#:~:text=Japan%20H2%20Mobility%20(JHyM)%20created,and%20continued%20sustainable%20societal%20development.

Nice big consortiums with plenty of dollars behind them, just what we want!"

GLA

Could be the start of a new mining area and yes a washplant position. There seems to be an outer perimeter track clearing taking place. They're maybe going to remove the trees from the inside of the newly appearing tracks to create the start of the new area. They don't seem to be hanging around this season, it's definitely all systems go.

GLA

That's certainly very clear imaging Travis. I've been on that vey site countless times now and never realised there was a satellite option available. It's a shame that it's out dated like google, we could do with a up to date feed with good imaging to have a really good nose. It's literally the only thing i have against sentinel, the image quality isn't the best, but, it does take new pics every few days.

GLA

You may want to actually read and absorb what i write, rather than appearing to attack people after a few drinks. It doesn't look particularly good if i'm honest. Heaven forbid we entice the green boxes out, report them, filter them and get them banned. That would be absolutely awful wouldn't it.

You focus on yourself Del and whatever it is you're currently drinking my friend, like i've said have a lovely drink and weekend.

GLA

Plenty of options for near term news to drop at any stage -

* Asset sale details

* More Rosgeo JV asset additions

* West Kytlym 3rd wash plant arriving

* NYUD JORC and shift to 100% ownership

* "in April 2021 we submitted a detailed exploration project for the flanks area to develop these prospects and bring further resources into the scope of the mine."

Feet up and very relaxed aaaaaarrrrrrggggggghhhhhhhh

Just a nice and easy waiting game for any true shareholder!

GLA

Montmuzard, they regularly RNS in the first half of the month, from now until the end of next week is a prime time for something to land tbh.

GLA

While i've been out for my 2nd jab. Come one drop a late in the day or after hours deal RNS, that would be fab.

GLA

It's my opinion that they will be doing the JORC as all of this goes on, they have already done due diligence etc, the agreement has been made. Transferring the license is just standard stuff but takes a little time, so, it makes sense to get the JORC ready as it all goes on imho. It would speed up gaining the 100% position that is also available to them. If any further exploration is needed, or was needed, well, that's what Rosgeo do anyway. That's the beauty of the JV tbh, all of that exploration risk is eliminated and covered by Rosgeo, that in itself is worth its weight in Palladium with Rhodium sprinkles.

GLA

Read this part of the recent June RNS -

"Eurasia's 100% subsidiary Yuksporskaya Mining Company / Yuksporskaya Gornaya Kompaniya ("YGK") has signed a notarised agreement with Rosgeo Group company pursuant to which YGK will become a 75% shareholder in Monchegorskoe LLC after the licence for Nyud is transferred from Rosgeo to Monchegorskoe LLC. Euraisa, through YGK,"

The license is in the middle of being transferred, 'will become' is the terminology to take from the most recent June RNS on such matters. Until they drop a RNS stating 'have became', we're still in the process of gaining that 75% of the first Rosgeo JV asset being NYUD.

GLA

"allows Eurasia to gain a 75% equity stake" - What's confusing, allows not gained, that's the difference median66. They don't currently have 75% of anything of the Rosgeo JV just yet, they are in the process of gaining 75% of NYUD, but, they don't actually anything there just yet. The significant ASSET disposal can only be attributed to assets in Eurasia's possession, that's the rules.

GLA

It's the same consistent script all the way from the original bank RNS of Oct 19 -

"The Last Non Consolidated Palladium Play".

https://www.lse.co.uk/rns/EUA/engagement-with-citic-and-vtb-capital-75c925zx7g386wg.html

"we are considering all options for the Monchetundra Project including the potential sale - the resource potential here mentioned, as well as our expansion strategy on the Kola Peninsula as a future palladium district are key considerations in our discussion.'"

https://www.lse.co.uk/rns/EUA/monchetundra-update-y1zwj1c5tpmei84.html

"In recent months, Eurasia has received a number of inbound expressions of interest from multiple parties interested in acquiring all of or a stake in its assets. The Board has therefore decided to appoint UBS Investment Bank in London ("UBS") as its leading financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company."

"All existing non-disclosure agreements interested parties have already signed with the Company in relation to the potential acquisition of the Monchetundra asset remain valid."

https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-jtwyvaxxdax49q0.html

"the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets. The Board has decided to focus on this potential asset sale."

https://www.lse.co.uk/rns/EUA/potential-asset-sale-fsp-other-updates-54a1wvacahgt87n.html

Eurasia Mining plc Annual Report 2020.pdf -

"• The Company received a proposal in writing regarding a potential substantial asset sale in May 2021 and exited the Code compliant Formal Sale Process as announced on 12 May 2021."

"The Company has continued to manage and develop the Monchetundra Project while commercial negotiations/discussions
regarding a potential sale of the project are ongoing"

Feet up and very relaxed, sipping on some nice chilled koka kola, aaaaaaaaarrrrrrrrrggggggggghhhhhhhhhhh

GLA

I think with Rowka, he found all of the historical data for the area and the gov side of things which prioritised the areas economic development. Once he had done that he arrived at the conclusion that Eurasia would indeed get the area via some way which was faster than the standard exclusivity flanks app after exclusivity flanks app process. He was right, perhaps what he found about Rosgeo exploring the area recently lead him to decide that something would materialise.
A lot of what he posted relied on certain things taking place later on from that point, the Rosgeo JV is the main example. The Rosgeo JV isn't for sale however, it was never in the FSP and not 1 JV asset is currently is Eurasia's actual possession. This is a significant asset disposal which they have chosen to move forward with, that entails a disposal of the assets that they actually own. WK + MT is what everyone is looking at in that scenario, your valuation for such a disposal will vary depending on exactly what you see them getting rid of right now. MT is definitely going, it has been mentioned and hinted at in a lot of their info drops throughout the whole thing.

GLA

GLA

There could be something put in to the deal where a 'first right to refusal' is in place to give the MT buyer first dibs on any other further asset sales that come about through the Rosgeo JV at later dates. I think that could potentially be put in place, it would be very beneficial to both sides. Buyer gets guaranteed expansion and we get a guaranteed buyer for some further asset sales.

GLA

"unless someone is going to put in an outrageous amount to takeout the whole area" - Due to the BOD saying they want to achieve maximum value for the shareholders, i can't see that happening. We still don't have any JV assets theoretically, and we can only sell what we own, that means that the significant asset disposal can only be attributed to what we actually have at the moment and that's MT and WK as it stands, no Rosgeo JV assets are in play at this stage in time.

GLA

The billion figures that get quoted out and about are from what is known via feasibility studies median66. When they're talking $100bn+ etc it's inclusive of JV areas, there's obviously 4 with FS done and 5 without, but, there is also the chance that Volchetundra comes into the game at some point, if that were to happen then it's a few hundred billion potential gets unlocked. The bit which is the hardest to think about is how they will get the whole district there into production, Eurasia can't take it all to production, so, the most logical thing for them is to take a few assets to production and sell off others as the progress the wider district there, by the end there will be multiple companies operating in the area which should hopefully be paying Eurasia royalty payments, and also Eurasia with direct revenue streams from the few assets they select to take to production themselves. There isn't a scenario where the SP doesn't reach multiple £ figures in the long term tbh, and with full gov backing the whole thing is practically written in stone imho.

GLA

It's a very good summary to be fair CAW, a great read. It all gives the Eurasia case that extra firepower.
I'm also glad that Eurasia are back to tweeting, it allows a lot of shareholders on there to relax a bit easier while this asset sale gets finalised.

Got my fingers crossed for an after hours info drop for all pirates to feast on aaaaaarrrrrrrrggggghhhhhhh

GLA

If you respond to them and acknowledge that they exist. Report then bin, job done. Let them talk to themselves in the green bin.

Red hot, it's all very obvious.

GLA