Member Info for mac4671

Blue is always a nice colour jamie, but we can't have it all day every day. The poor MMs need to create a market, that requires some movement in both directions. Nothing goes up in a straight line, but i'm sure you'll agree that the raise from octobers bank RNS, has been nothing but spectacular.

GLA

23p appears to be the new resistance level. We'll blast through it at some point, plenty news in the pipeline to see this level as history tbh.

As always, the only thing required here is patience.

GLA

Further it is then, great to see!

GLA

They might not know exactly where to take things jamie. We have risen around 5p since the last consolidation level, it may consolidate here or it may go further, we'll just have to wait and see.I remember a day where it kept bouncing off 19p, hit it quite a few times but would not push through for some reason.

The good thing, is those long CFDs are still open, so whoever has them still believes that there is further to go imho

GLA

MT flanks landing can be summarised with this video, this is what i think will happen -

https://www.youtube.com/watch?v=UExTN3_UOIY

GLA

It will be like this stix, where Dmitry and Alexei Churakov are holding bonds hand -

https://www.youtube.com/watch?v=rY9cM9FVolM

GLA

I would love to be able to see exactly what's in that data room stix, it would be like a kid in a sweet store lol

GLA

MT flanks, this week or next.
Any other info, hard to say, but we're definitely due quite a bit now. WK production update, and the FS there. Semenovsky, we rarely hear much about that project. CKE work at MT, AP work (maybe a bit of a dream due to the secrecy).
Some form of a FSP update, a hint as to how things are progressing perhaps.

All in all, a very exciting place to be sat waiting.

GLA

Kicking themselves at the moment, no doubt djm1.

Certainly shows you how much can change in a relatively short time.

GLA

All those potential buyers have been going through all of Eurasias historical data. Wouldn't it be nice to see exactly what they're seeing at the moment -

"Eurasia maintains a drilling and exploration database of proprietary information for the Monchetundra Project some of which is information dating back to the Company's joint venture with Anglo American. This includes the area for which the mining licence was received in late 2018, as well as the surrounding area within a larger exploration license."

Big thanks to Anglo for footing the majority of the bill, great people -

"Anglo to spend US$10 million on exploration in return for a 40% stake in the three projects held by Eurasia in Kola."

https://www.proactiveinvestors.co.uk/companies/news/429/eurasia-encouraged-by-drilling-results-at-monchetundra-0724.html

GLA

We may have a gram of two laying around somewhere.

Good to see it staying strong.

GLA

Slight correction. Eurasia will get 80% of that 45% revenue stream.

Now people truly can see why this is a win win situation, no matter what happens, when you look at the new mining target for MT.

"Mine life: >20 years

Target production: 1,000koz at full capacity"

GLA

The good thing about that youtube link, is if you pause it at 13:56, you will get the breakdown of how the sinosteel EPCF will work, and how eurasia get 45% risk free as owner of the deposit. Now that will obviously be the plan going forward, if this sale does not materialise.

GLA

Click the 'view original' tab after following the lexology link, if it doesn't take you directly to the article.

GLA

So, i will offer my belief on the subject after doing a little more digging.
The buyers came interested in MT, but Eurasia fall into the ' companies with a small number of valuable assets ' bracket, therefore they have considered to buy the whole company. Due to there being more than one of them, it gets ran as a FSP, rather than a public M&A process -

https://www.lexology.com/library/detail.aspx?g=886cfad0-7f5a-4577-87e8-9136cd83b835

"However, for companies with a small number of valuable assets, a would-be farm-in partner or asset purchaser might instead consider buying the whole company, meaning that the transaction then becomes a public M&A process subject to the Code. If several would-be bidders for the company emerge, an FSP may be the most desirable means to pursue that process."

Now where could we find several would-be bidders for 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

If anyone can find anything that goes against, or suggests something different, then i'm all for taking a look.

GLA

If the volume keeps up and it raises a little each day, then we'll do alright by the end of the week.
The bonus, is news is due and it can land at any point, and we could go from doing alright to doing very well.

It's hard not to be glued to this all the time in the current FSP situation.

Every day is a day closer for the really big one!!

GLA

A penny a day, to keep the bot fly at bay, would do nicely for now.

GLA

Hopefully the usual FOMO kicks in.

GLA

Hic hic, many many bags, hic hic, still trying to count them, hic hic hic, see if i've beat the missus collection, hickety hic hic

GLA

Whoever wants it, has to out bid the chinese. Everything with Citic to date, points to someone from that way who is chomping at the bit to get Eurasias assets secured imho.

The chinese play hard ball. If you bid against them, it's bid big or go home empty handed tbh.

GLA