Member Info for mac4671

17th Oct 19 - 0.47p

For those who can't be bothered with the google search lol

P.S

The legal disclaimer that is no longer included in recent RNS, notably spotted in the bank RNS of last Oct -

"At this time, however, there can be no guarantee that any transaction will occur and/or that the Assets will be sold."

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

What a difference a year makes, ladies and gents.

GLA

'Eurasia mining 1 year chart' in to google and have a look. That is the value the BOD have added here so far, it's truly amazing.

GLA

It's all to do with affordability and time professor. The resources in the area are colossal, but it takes a lot of time to prove things up. At a 'sale exit' point, things need to be at a level to attract enough competitive buying interest. They could stay for literally forever, expanding, proving resources up, it would take longer than a life time to do the whole area, the resources in the area are that large. Some of the BOD have been here for over 20 years, that's a good portion of a persons career. They may wish for the same thing as most investors, early retirement.

As of right now, Eurasia will get a massive sale deal, and any buyer get the keys to a huge PGM district, at what will realistically be a bargain in the grander scheme of things.

GLA

Both MT and WK, in theory, can be expanded all the way back to the historically held license size areas. It's just a very time consuming thing to do, apply for it all again bit by bit.

GLA

SP target for £120-£150. . . . . WOW, are you sure you have not missed a decimal point there somewhere? ;)

117p is what i had a while ago and i'm just going to leave it at that. Not because i don't think higher is possible, it's because i now think 117p should easily be achieved.

I agree about the negotiation lever, the large district is the lever for MT, then the $10m Eurasia raised for rapid expansion, is the negotiating lever for WK. The BOD have played a rather hard ball negotiating game and are in a very strong position imho.

GLA

No one knows everything, and with Eurasia, it's a very tough cookie to crack. One day we were looking at around 2Moz, the next 15Moz and legal exclusivity to 22Moz. Then we had a PGM district available with 40Moz lol.

I don't know everything, but, i do know where to find the information to give anyone a far better idea -

https://www.valuewalk.com/wp-content/uploads/2015/06/Valuation_of_Metals_and_Mining_Companies.pdf

Anyone who looked at historical geological data for the area, knew that there was MASSIVE potential for the area, Just how big is only recently starting to be announced. I believe the 40Moz isn't even close to what that area holds the keys to, but, that isn't what's for sale here and now, so we can only stick to what is officially released and is out in the public domain.

GLA

GLA

They're sticking to the figures they know and have a historic publicly announced value attached. It's where the $2bn figure comes from. PFS has been done on NKT fairly recently, which is part of the flanks, that adds substantial value. But, exact resource figures from that PFS have not been released to us. Historically the whole area has been explored to a certain extent and Eurasia now have access to all the data. It's what makes things like 'exploration license' a bit of a red herring, because the areas have already been explored to a certain degree, even by Eurasia themselves back in Anglo JV days. If you want to try and value, then use the ACF report, but adjust things for MT flanks landing, Tipil landing etc.

The 40Moz is the big carrot that has been dangled to any buyer, but, as you've rightly pointed out, we currently have legal exclusivity over 22Moz. It is what we have legal exclusivity to and what can be proved via exploration data, which will have value attached imho. Even the 7Moz on top of the 15Moz is tough to try and place any value on it simply because we don't have any license over the resource, but, we know we have legal exclusivity to it.

It's a very tricky asset to try and value, but, we have projected production targets for both MT and WK, so you can use those to create a valuation to a certain degree.

GLA

Now, lets take a look at what Alexei Boucher Exploration Manager / Project Manager– Eurasia Mining PLC has to say -

https://twitter.com/AlexeiBoucher/status/1113364488118468608?s=20

GLA

Jambo, it was a potential route before disclaimers were ditched from RNS and it was RNS'd that they are working through the sale process. It's in black and white what they're doing now.

GLA

https://academic.oup.com/petrology/article/56/12/2395/2375694

https://www.researchgate.net/publication/233906239_Age_of_the_Moncha_Tundra_Fault_Kola_Peninsula_Evidence_from_the_Sm-Nd_and_Rb-Sr_Isotopic_Systematics_of_Metamorphic_Assemblages

Have fun.

GLA

40Moz is because the government over there have bodies who investigate the countries resources. Exploration in the area has happened many times and it has been drilled. This is where the figures come from. Posts say what the potential is, a scalable project up to 40Moz, it's in the company presentation on their website, go and have a look yourself.

GLA

DLA Piper were took on for one purpose, if you don't understand what that purpose is at this stage of a FSP, then you've just jumped aboard here on a whim. Seen the sp rise and jumped in with little to no research done.

It specifically states in RNS that they're working through the sale process, not the maybe process, not the 'what if' process. The BOD includes investment bankers, so what they say is happening is very much happening.

GLA

Research, most research in depth before investing. It's what takes any 'gamble' out of an investing situation.
I suggest that some of the newer people spend some time over this weekend doing some in depth research imto the company, the assets and the BOD. Hey, even UBS, Citic Merchant and DLA Piper. Because, there seems to be an awful lot of confusion and questioning of investment bankers, geologists etc.
So, do yourselves a favour and go and do some research, even the historical RNS, right back to day dot.

GLA

That's exactly it Dickie, look at the Oct to Oct chart.
Nothing goes up in a straight line, but this has bagged an obscene amount of times so far and will bag more when the deal news lands.

GLA

Glad i just filtered it straight away tbh. I see replying to such individuals as an absolute waste of time. Peoples time can be far better spent.

It is amusing that it has been totally caught out though lol

GLA

They don't get to me, i just filter them. It's when you pop on to see if there's a decent thread and the board has turned into a argument, all with the same person. You think, why are you bothering to reply, they're here for one purpose, just filter them and move on.

Yeah, treasure island awaits lol

GLA

When you filter someone, you don't see any of what they post, just a green bar when the do telling you 'this message has been filtered, please adjust your filters to view', the green coffin lol

GLA

No, i didn't think there would be any decent counter. The fact is, if you're not as qualified and as successful as this man, then you're just waffling -

DMITRY SUSCHOV
Mergers and Acquisitions Officer
Commodities trading veteran (primarily various grades of metallurgical and thermal coals) who has successfully built a major Pulverized Coal Injection (PCI) franchise throughout Asia, Europe and America with an annual turnover of up to $100 million, therby accumulating around 2.5% of the global PCI market share. He is also an investment banker with extensive experience in the Russian resources industry having previously worked with IG Capital, MDM Bank, PricewaterhouseCoopers and Ernst&Young as mining & metals leader in corporate finance for Russia and CIS.

"Mr Suschov has a successful track record of leading the strategic sales of companies in the natural resource sector including the sale of a silica sand mine and the second largest global carborundum production company to Indian Murugappa Group, the sale of a natural resource company to Danish natural resource fund, the sale of a gas company to a major Russian investment group and other deals."

All your replies to the green coffin are just waffle tbh. All 'what ifs' and 'maybes' based on absolutely nothing, the RNS's tell everyone where this is currently at, they always have done.

GLA

No proof. DLA Piper, UBS, and Citic Merchant. You do understand at what stage of a M&A the legal team is required don't you?

Here, allow me. Have a look at the steps and see if you figure it out -

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

It's not hard tbh.

GLA

See it there, easy to read, there for all -

"fully focus on the sale process."

Stop with all the nonsense.

GLA