Member Info for mac4671

Now, with the current 2 planned open pits at MT also, one at West Nittis and the other at Loipishnune, we're looking at 7 (as a minimum) separate mining areas coming online simultaneously at the Monchegorsk district. A lot of it is brown field relaunch and we know the DFS is scheduled for November for MT!

GLA

One at MT and Flanks area, green pond. One at Sopcha across the road from green pond. 2 on NYUD and the very obvious large one at POAZ.

If you struggle to see them just zoom in to the areas, during the delay of the area updating to the satellite view you'll pick up the grey areas with the mine crossed hammer and pick map symbol -

https://apps.sentinel-hub.com/sentinel-playground/?source=S2L2A&lat=67.88572166412892&lng=32.858219146728516&zoom=13&preset=1_TRUE_COLOR&layers=B01,B02,B03&maxcc=47.41&gain=1.0&gamma=1.0&time=2022-02-01%7C2022-08-23&atmFilter=&showDates=false

GLA

Of course, in the house example you can buy from a blue print, but, that is always at a discounted rate isn't it. Eurasia don't want a discounted buyer, they want maximum value for shareholders as per the RNS they've released. So, the extension has to be complete in order for the material offer to be made.

GLA

You go to buy a house for example but there's an extension currently being built on it. You have an idea of the offer you want to make, but, you can't really make an official offer until the extension is complete and things are accurately surveyed. It's a similar situation with a buyer of MT, they've a good idea of what they will pay Eurasia, but, an extension is being built ( up to date resource level and DFS), so, they can't make a material offer until X amount of resource is known and the up to date DFS is done.

GLA

A material offer comes when the buyer knows exactly what resource they're buying and presents the paperwork for such things. The buyer is simply sat waiting for the new updated resource for MT for example. The deal price per X amount of metal in resource is more than likely already agreed and the paperwork done, a blank space left to insert the resource level figure until the updated resource level is known. One known they then know what the final deal figure equated to and the paperwork of a 'material offer' gets presented for signing.

We receive the RNS with deal details and an EGM to vote it through, we vote it through and the paperwork gets signed.

GLA

SP will stagnate regardless, the current conflict situation has MM's marking down stocks that operate in Russia. Conflict ends and the SP rises to a more realistic valuation.

If NPV of assets affected the above, we would be sat at $1.2bn simply on the NKT underground NPV, they don't in the current conflict situation, thus why it is almost pointless to release any further JORC and NPV info until either A) Conflict ends, or, B) The asset sale details are ready to be released. Both A or B will see the appropriate change in SP, we simply have to wait.

GLA

It's all NDA's and success fee based, they're all still here, so, what does that tell you? -

"The Company confirms that it has entered into a success fee based engagement letter with CITIC Merchant to, amongst other things, explore possible strategic options for the Company's mining assets.

launch of formal sale process under the takeover code

As per the announcement released by the Company on 1 July 2020, the Board has appointed UBS Investment Bank ("UBS") as its leading adviser to assist in a review of its strategic options including asset sales or a sale of the Company. For more details please refer to the RNS released on 1 July 2020.

In summary, the Company now has success fee based engagement letters signed with UBS and CITIC Merchant, and Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019"

It's very easy when you read the information they provide, very easy indeed!

GLA

It's all silent due to NDA's, RNS has told us all that they're in place -

"The interested parties shall be invited to submit their proposals to UBS. It is currently expected that any interested party wishing to participate in the formal sale process will, at the appropriate time, be required to enter into a non-disclosure agreement with Eurasia on terms satisfactory to the Board and on the same terms, in all material respects, as other interested parties participating in the formal sale process, before being permitted to participate in the process. 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."

GLA

Buyer is still at the table, due diligence was completed, Artem and KPMG being the latest additions to run the deal through.

Everything else is just noise.

It's all in RNS, even the MT sale governed by NDS's at the start of the FSP, people simply have to read it and accept what the words say!

GLA

White noise is irrelevant, change channel to the ones with content. How do you do that you ask? Well, simply green bin the nonsense talkers, that's the equivalent of changing the channel on here.

All info is in RNS, take time out and go right the way back to 2009 time and read from there, get a far more accurate picture of Eurasia's history.

GLA

Just watch the Chinese Lithium prices, that will tell anyone how keen the recent investors here are! It's just a matter of time to get that online and reap the rewards and that's just one arm of Kazera. It's a far better investment case here these days.

An update on the diamond pan plant element would go down nicely in the short term i feel, they should have a good idea of how that's running by now!

GLA

That's what all genuine shareholders are currently waiting on the conclusion of, the primary strategy -

"While we expect these developments to add value to these projects, we have not lost sight of our principal strategy, which is to focus on maximising shareholder value, primarily through a sale of assets, for the benefit of our shareholders. Active discussions with interested parties continue, and will be pursued with patience and care, against the background of the now more complex and changed geopolitical landscape. The Company recently appointed KPMG as agent within Russia to further this strategy and although there can be no guarantees, we remain confident of a positive outcome from these discussions"

Since green boxes can't change the SP, their nonsense spouting must only be to do with trying to get you to sell in order to get your shares, they have literally no other reason to post their nonsense at this stage.

GLA

There you are, remote in hand and you've turned the T.V on hoping to pick up your favourite channel and show. But, it's a white noise screen you're welcomed to instead. At that stage you either switch channel to look for something else, or, you re-tune your T.V set in the hope that it finds your favourite program.

Binning a green box is similar, you're removing that annoying white noise full of no content screen and replacing it with a no noise full of content screen.

I know, everyone can relate to that example, so, you're welcome, and again, i do hope genuine shareholders have a lovely evening!

GLA

"Wolfe - You are obsessed with Mac." - Fans sometimes get like that EIE01, it's love, a very complicated emotion which causes some to act in peculiar way.

Poodle pup will find another hobby sooner or later, they're just a green box to myself, it's always best to just switch that kind of noise off tbh.

I hope all genuine shareholders have a lovely evening!

GLA

Come November news will flow regardless mizman. The way to take things at the minute is interim by end of Sept, that's something that has to drop and gives us all something to look at. MT DFS in November.

Dropping JORC news with NPV attached won't change the SP to the desired effect in this conflict situation, we know this from already having the NKT underground portion for $1.2b, there is zero value attached to that currently to our MCAP and hence why we're lingering where we are. Imo, it has clearly been advised to drop all they have when they announce the sale details, when the sale details land they have to move the SP to reflect that, they have absolutely no other option at that point, if MT is going for X amount they have to move the MCAP to reflect X amount.

Things like approx timeframes per Rosgeo Jv asset to have block modelling and open pit optimisation done can be figured out from info in RNS to date, it works out to be approx 3 month per JV asset. The current expenditure rate of the raised $35 the same, £22m in dec 21 down to £14.2m in May 22 gives you a monthly expenditure figure to play with simply from the spending of it.

Ask yourself one thing right now, do China care what the West say at this point? Answer: No they don't, they even feel like they're being provoked over Taiwan.

Due to the answer above, ask yourself 'does anything the West say stop a chinese entity from buying Eurasia's Monchegorsk assets, especially a state ran entity?' Answer: No it does not. In fact, China would simply buy them to stop the West securing that supply line of resources at this stage.

Me, i just hope the conflict ends soon and the World can get back to some form of normality, that's if it has ever been normal, realistically it hasn't tbh!

GLA

"The interim report to 30/06/22 is scheduled to be published by 30/09/22" - To 30/06/22, an extra month to confirm the expenditure rate perhaps. I guess at the 30/06/22 point they will have had approximately £12,700,000 left. We'll see how accurate that turns out to be relatively shortly.

GLA

I have only blocked one person on twitter and that was someone who claimed in my messaging box that sale details would be announced in June as apparently they had been told it would be complete then. On questioning them regarding a previous claim they made they decided to get angry and block me. They undone the block some time later as i noticed them on a feed, i simply blocked them before any new false claims were made and a new angry person made via simple questioning regarding previous claims.

Turns out that the sale wasn't complete in June after all, so my decision there was warranted and still stands!

Well, one person who wasn't a deramper like Francis etc, they also got binned.

Don't take it personally, i'm just a very busy person and my time is dedicated to a vast amount of things online.

GLA

I know what you're thinking, well, how could it be complete for november if there are still 22.82% of funds left. Well, the nature of the work has a large unforeseen element attached, something which they can't accurately predict in a budget, but, they could cover for with an appropriate percentage larger than what a standard budgeting calculation predicts.

An example of unforeseen extra costs - The target JV resource is 5moz, but, analysis and testing finds an ore extension taking the resource to say 5.5moz. So, how do you cover the cost for that unforeseen resource increase and therefore unforeseen license cost increase. Well, by having an X percent above to cover for such things. Maybe that was calculated to be 20% above, who knows, but these are things to think about. Because the BOD will have thought about all of those things before proceeding to ensure that absolutely everything is covered.

There are also other unforeseen costs, with drilling in the UK lightening and torrential rain stops the drilling, but, those rigs still get paid on stand down days due to weather for example. That's an unforeseen cost that you also have to apply an X percentage to in order to cover for such things over a long duration project like the Rosgeo JV.

GLA

Simply put, the budgeting for the Rosgeo JV runs out in March, therefore, at the very latest, they have to have all of the relevant work complete by that date.

6 out of 9 completed for block modelling and open pit optimisations back in Sept last year has them ahead of schedule, or at least running through things quicker than the stipulated cut off date imho

You simply use the expenditure calculation i've given to figure out what percentage of Rosgeo funds they've spent at the end of any given month, it's pretty straight forward and shows exactly what they will have left approximately at any period between news drops. From that you arrive at just under 34% of funds left right now, that means, theoretically, that they're approx 66% through Rosgeo JV fund spending, therefore, 66% through the Rosgeo JV JORC work right now. Come november there will only be £6,390,493 left (22.82%), they will have spent 77.18% of Rosgeo JV funds by the given DFS drop date of november.

The figures they've gave us all in RNS allows you to figure out a great deal of things tbh! I hope the numbers help some get their head around certain aspects.

GLA

Perhaps take some time to go and find out, also, run through the expenditure calculation that i have posted in this thread and see that the budgeting runs out in March next year and directly coincides with the cut off point for the BOD to make their decision on which Rosgeo JV assets to develop.

By the way, it's ok not to know things, it's impossible for someone to know everything. I think even the latest sale completion prediction was by someone who stated around June of this year, but, in fairness to them they could have never predicted the conflict which changed the geopolitical situation and thus the BOD's approach, so, from the time we all had a stab at it they're still the closest!

GLA

GLA