Member Info for mac4671

Geologist, perfect, it will be fun watching you tie the bot flies up left, right, and centre. Welcome and good luck with your investment here!

GLA

Bomber, you don't know me, so i'm not sure why you would make a comment like that. But, good luck with your investment here, not that any luck is needed, as the deal is in very capable hands now. It's just a matter of time before it lands.

GLA

"As you are aware, our Company is now in an offer period and has appointed several professional advisers including UBS on investment banking side and recently DLA Piper on the legal side to work with the Company through the sale process."

https://www.lse.co.uk/rns/EUA/interim-report-z4vq8goh3rc2usr.html

"The sale and purchase agreement is one of the most important documents in an owner’s business life. For this reason, it should be approached carefully and rigorously, with legal experts guiding both the seller and the buyer."

https://corporatefinanceinstitute.com/resources/knowledge/deals/sale-purchase-agreement/

"DLA Piper is a multinational law firm "

https://en.wikipedia.org/wiki/DLA_Piper

"The Directors have agreed to release Dmitry Suschov from the Board in order to allow him to focus as the Company's Chief M&A Officer on the M&A work streams with Eurasia's professional advisers."

"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."

GLA

Snowman was a good guy, he used to post a lot on ADVFN before the bank RNS. There were quite a few older gents on that for quite some years, very knowledgeable people and well researched.

He'll be looking down and cheering us all on no doubt!

Not long now.

GLA

You're welcome MKumar. I don't put them out, i encourage others to learn as much as they can and then do their own. If they take their time going through valuations like GMF's and ACF's, then spend time going through the valuewalk link, they should realistically end up with a far better understanding than when they started.

I also feel that it's more fun if people do their own valuating. Even if it's just benchmarking against previous deals done in the sector, any shareholder will feel more involved in the whole process IMHO.

GLA

He has provided some 'bullish' figures phil!

Just read through his article and you will see. Proper analysing, valuing and then structuring something to release for anyone to read and go through.

GLA

Conservative, because, well, he is at the same side of the fence as ourselves -

"The 48400m of drilling data will no doubt take time to process to modern standards and perhaps lower cut off points. So until the company releases an RNS to confirm a resource figure, I will use the 15Moz."

You value on the figures known at any given stage!

GLA

I'll drop this again, it's one to get those green box types sweating and a banging in their green boxes -

That's what DLA Piper are here for -

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

"The sale and purchase agreement is one of the most important documents in an owner’s business life. For this reason, it should be approached carefully and rigorously, with legal experts guiding both the seller and the buyer."

https://corporatefinanceinstitute.com/resources/knowledge/deals/sale-purchase-agreement/

"DLA Piper is a multinational law firm "

https://en.wikipedia.org/wiki/DLA_Piper

Godspeed to Dmitry 'Moses' Suschov for this final part of the journey. As the largest shareholder, you know that he will be working for the good of all shareholders.

Who's excited?. I am, tick tock, tick tock, tick tock. . . . . . . .

GLA

All i see is more VALUE -

"Since the final approval of the Flanks licence (see RNS of 25 August 2020) the Company has been putting together the database of information from previous drilling campaigns in the Flanks area, that is considerable. 48,405m drilling (announced via RNS of 18 August 2020) is related only to one part of the Flanks License (NKT) and comes on the top of 33,100m drilled by Eurasia's Joint Venture with Anglo American Platinum. The Russian feasibility study on the NKT palladium dominant mine (within the boundaries of the Flanks License) gives 15% IRR at the palladium price of $659 per 1 oz, while the current palladium price stays above $2,000 per 1 oz due to long term structural deficit in the palladium market."

https://www.lse.co.uk/rns/EUA/interim-report-z4vq8goh3rc2usr.html

"Extensive prior drilling campaigns with c.48,000m drilled at NKT, a part of the Flanks application."

"Our predecessors also developed targets in the NKT area, and areas to the east of the Loipishnune deposit, and these work programmes in 2015-2017 resulted in pre-feasibility studies lodged with the State Cadastre of Mines in Russia."

https://www.lse.co.uk/rns/EUA/general-update-and-institutional-placing-at-225p-yh2uz9tcbjepr54.html

"A Detailed Project Design Report was contracted to Central Kola Expedition and approved by Murmansk Nedra in October 2019. The report sets out the statutory work required to complete a detailed Feasibility Study (Russian standard equivalent of a Definitive Feasibility Study) and a revised reserves statement building on the existing Feasibility Study and state approved reserves."

https://www.lse.co.uk/rns/EUA/annual-report-and-accounts-sikzqj9pkwa6gdz.html

GLA

Now, what do you think Mergers and acquisitions officer Dmitry Suschov is going to do with such a LARGE shareholding, do you think he has valued it and is going to go hammer and tong to achieve the maximum value he thinks is achievable for his holding?. Of course he is!!

GLA

https://www.powerof78.com/2020/09/13/eua-sep20-valuations/

GLA

Instead of that junk yous are all chewing over lol -

"Mergers and acquisitions officer Dmitry Suschov and executive chairman Christian Schaffalitzky must have been delighted, considering their respective stakes of 16.88 per cent and 3.25 per cent in the firm.

Their holdings are valued respectively at £162million and £31million at current market prices. "

https://www.thisismoney.co.uk/money/markets/article-8823439/SMALL-CAP-MOVERS-AIM-bounces-pre-pandemic-highs.html

GLA

Because he needed the cash, it hasn't been a normal year has it, covid has played absolute havoc. Look at what he still holds, that gives you the more accurate picture to what he thinks the finale will be.

GLA

They will use anything they can get their grubby hands on. What philip sold is insignificant at this stage. It just allowed a ii somewhere to bag another 500000 shares. It's normal at these stages, shares get sold and the ii's hoover them up, as they've done their valuations and see guaranteed percentage margins.

Since we've hit the £1bn level, then we will have came to other peoples attention over the weekend. Just like normal investors, there are ii's at every level.

GLA

This is how they've added value so far, and look at what their holding are worth -

"#EUA Dmitry Suschov & executive chairman Christian Schaffalitzky respective stakes of 16.88% and 3.25% in
@eurasiamining
Rocket by an impressive 7,766% one year Top with upwards arrow above

Their holdings are valued respectively at £162million & £31million at current market prices. https://bit.ly/30QEVhI"

https://twitter.com/Share_Talk/status/1314987862761312256?s=20

They have not sold 1 share!!

GLA

"Since the final approval of the Flanks licence (see RNS of 25 August 2020) the Company has been putting together the database of information from previous drilling campaigns in the Flanks area, that is considerable. 48,405m drilling (announced via RNS of 18 August 2020) is related only to one part of the Flanks License (NKT) and comes on the top of 33,100m drilled by Eurasia's Joint Venture with Anglo American Platinum. The Russian feasibility study on the NKT palladium dominant mine (within the boundaries of the Flanks License) gives 15% IRR at the palladium price of $659 per 1 oz, while the current palladium price stays above $2,000 per 1 oz due to long term structural deficit in the palladium market."

https://www.lse.co.uk/rns/EUA/interim-report-z4vq8goh3rc2usr.html

"Extensive prior drilling campaigns with c.48,000m drilled at NKT, a part of the Flanks application."

"Our predecessors also developed targets in the NKT area, and areas to the east of the Loipishnune deposit, and these work programmes in 2015-2017 resulted in pre-feasibility studies lodged with the State Cadastre of Mines in Russia."

https://www.lse.co.uk/rns/EUA/general-update-and-institutional-placing-at-225p-yh2uz9tcbjepr54.html

"A Detailed Project Design Report was contracted to Central Kola Expedition and approved by Murmansk Nedra in October 2019. The report sets out the statutory work required to complete a detailed Feasibility Study (Russian standard equivalent of a Definitive Feasibility Study) and a revised reserves statement building on the existing Feasibility Study and state approved reserves."

https://www.lse.co.uk/rns/EUA/annual-report-and-accounts-sikzqj9pkwa6gdz.html

GLA

Remove the guess work. Use the industry known ways to value something like Eurasia and its assets -

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

All info is out there on the internet, therefore available to all.

GLA

I'm looking forward to monday -

09/10/20 17:16 200,000 35.90 0.00 0.00 £71,800.00 Buy
09/10/20 17:15 200,000 36.31 0.00 0.00 £72,622.22 Buy
09/10/20 17:15 400,000 38.05 0.00 0.00 £152,200.00 Buy
09/10/20 17:15 1,000,000 35.00 0.00 0.00 £350,000.00 Buy
09/10/20 17:14 200,000 36.71 0.00 0.00 £73,425.40 Buy
09/10/20 17:12 400,000 38.07 0.00 0.00 £152,280.00 Buy
09/10/20 17:06 1,344,000 37.00 0.00 0.00 £497,280.00 Buy
09/10/20 16:35 28,500 37.00 35.00 36.00 £10,545.00 Buy
09/10/20 16:34 39,999 37.50 35.00 36.00 £14,999.62 Buy
09/10/20 16:30 1,660 35.84 35.00 36.00 £594.94 Buy
09/10/20 16:30 111,564 35.84 35.00 36.00 £39,984.54 Buy

GLA

It's truly amazing, no matter which way you look at it. More to come, i'm looking forward to next week.

GLA

In my view. This new level will now fall under other ii radars over the weekend. First thing monday could be quite interesting imho

GLA