Member Info for mac4671

Missed that EE, great spot, i'm still slowly going through it to counter the nonsense storm which seems to be trying to start. That really would be transformational if Sino can roll straight into the Rosgeo JV assets as well. The bigger picture is in that report, loads of great info nuggets.

GLA

The report is full of Palladium nuggets chaps -

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

GLA

The same part follows on to say that they look forward to adding the Rosgeo JV assets in due course, clearly what the placing money is for, as most genuine shareholders though at the time. They were infill drilling at Monchetundra flanks after receiving the license in August. The juicy details are in the "Eurasia Mining plc Annual Report 2020.pdf"

Now we get a better picture you see!

GLA

*detailed exploration report

GLA

April 2021 the submitted an exploration project for Monchetundra flanks -

https://www.eurasiamining.co.uk/investors/financial-reports

GLA

Indeed Ian, hence why they now have the 3 plant plan going hell for leather this season at WK. It's a learning curve, they've only just started producing by themselves. Explorer to producer, this season will be the real gauge to mark them on with the 3 plants running and whatever else they achieve.

GLA

That large short closing will have helped, rsi etc were all pointing to a bounce as well.

Whatever is being worked must be bloody large to take this long nearly 20 months since the original Oct 19 bank RNS, the new guys are now also LTH's tbh lol

GLA

This is very positive, it all points to life after asset sales, most logically that's via the Rosgeo JV -

James Nieuwenhuys, Chief Executive Officer commented: "The Board's aim is to deliver value to its shareholders by leveraging the significant experience of its Directors and management team to develop its projects. The Board is also focused on maximising shareholder value and continues to prioritise the potential for asset sales of the Company. It is the Board's intention to progress both strategies (project development and sale of assets) concurrently".

GLA

Could do with more meat tbh, there are positives in the RNS but i feel we deserve to know a bit more as to what is happening, the FSP was stopped some time ago now so they must know the deal specifics that they're working on.

To be among the majors they need Volchetundra do they not? . . . . . . . . i wonder if more info is going to land in the short term!

GLA

RNS dot is on, not leading to anything yet though, how odd.

GLA

??

GLA

FSP ended so they don't need to report such things anymore.

GLA

https://www.h2-view.com/story/toyota-unveils-plans-for-another-hydrogen-powered-city-in-japan/

GLA

"No, not disposed of James. Merely placed in a new vehicle in a different jurisdiction, pending sale. That doesn't need shareholder approval." - This is the most probable scenario in my eyes at this stage. Potentially until the cash safely arrives and other things are done, voting on etc.
Someone here will know a great deal about how these things are done, there has been mention a few times of others who have had experience is such situations. It's complicated and both sides interest are always safeguarded no matter what.

GLA

The last top up statement is always the funniest, i've told myself that a few times over the whole course of my time here, the last one never seems to arrive lol

GLA

Both tylai and uap have the same notice -

https://opencorporates.com/companies/cy/HE140706

https://opencorporates.com/companies/cy/HE141187

GLA

We'll find out shortly either way, the strike off notice is registered and served, only so many things can happen from this point forward.

GLA

I'm saying that UAP held WK and MT, for UAP to be closed down it can no longer own WK and MT. That's how the rules are set up Hudson. At this stage it does look like WK and MT have indeed been disposed of.

One thing is for certain, they are no longer under the UAP umbrella.

GLA

Indeed Oligarch_No1. Rosgeo JV is not included in anything that has been found to be in the closing down process, that will all fall under a new subsidiary.

GLA

Now how could UAP have no assets at this stage?, easy -

"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."

You follow that Hudson?

All the best to you.

GLA