Member Info for mac4671

"The Exchange suspended the membership of Jub Capital on July 17, 2020 pending clarification of the firm’s financial position."

GLA

It was the exchange who closed JUB down DE, they declared them a defaulter -

https://financefeeds.com/jub-capital-management-gets-declared-defaulter-london-stock-exchange/

GLA

That will be the end result, no matter which way we slice and dice it. Current metal prices, open pit, low cost, other goodies like nickel and cobalt, all make Eurasia the prime buy out target of any major player out there.

Who bids highest wins, and it's game on.

GLA

Something does appear to be true about the whole thing Trift, they literally got closed down by the exchange not long after the FSP was announced. Meeting on the 7th and our sp rises like clockwork.
If the exchange had to step in, i believe it's a 'damage limitation' scenario, but also to allow the FSP to be done, as i can't imagine you can sell all the shares in a FSP is some are lent out to shorts.

The whole situation is totally new to me, but it is indeed very interesting to watch what appears to be happening.

GLA

The most interesting part, is the exchange must know 100% that they would not be able to cover their positions, that means that they know the sp won't fall.

GLA

If it is the case, then it will continue until the rumoured 10 million short is closed.

GLA

It will be closed with the exchanges standard procedures for such scenarios. No idea ho that operates, but from what people have provided here, there was a meeting on the 7th and so they may well have rolled with the procedures straight after the meeting which gave the sp uplift?

GLA

It's fair for the 1.9Moz at MT, any figure for WK?

GLA

No, it's all fair enough alta, just as long as they don't forget about the extra potential. I fully agree, they should do plenty of their own research before making any decision.

And yeah, i can't believe you switched like that, and have now turned into the board deramper, how very dare you lol.

I'm still at £1.17 myself, until something materially changes , and it is quoted in RNS.

GLA

What happens when flanks licenses are confirmed dazaliam, what happens if extra figures appear on top of previously stated FS studies?

There are a few things going on that may add substantial value at certain points.

You would then habe to factor any premium on top of the new trading sp at the time.

We'll just have to wait and see what happens with it all tbh. Either way, it's up from here i would say.

GLA

That's exactly right stix, but we can guess what they're up to from what they've provided in RNS and what has appeared on social media.

You don't include figures in a FSP RNS with a disclaimer for no reason. If at least part of those extra figures were not to be applied for, then there would be no reason to include the figures in the FSP RNS.

GLA

No problem pulp, any exploration done now/recently simply adds on to what has already been done historically.

Even part of Volchetundra was drilled, if that ever comes back into the equation here.

GLA

I have provided the DFS quote from RNS which applies to CKE, who were mentioned last oct.
Here is alexei boucher, our exploration manager, pictured with AP -

https://www.instagram.com/p/B-ZhwV-jEjC/?igshid=e6ceqkq8kpw0

Like i say, any new investor can draw their own conclusions as to what is happening.

GLA

I have never quoted and price figures for a sp at anywhere near that evel, but i will show the numbers that appear in RNS. 40Moz appears in RNS with that disclaimer in the FSP, there is absolutely no reason to include that figure if they were not looking to apply for it, none whatsoever.

Both CKE and AP have been working away, both provide a similar service, it's up to any new investor to research what they do, and then decide what is applicable and what is not.
Exploration is very much happening.

GLA

Pulp, that is why all the exploration back in JV days is the best thing at eurasia, good old Anglo footed the bill at the time, and so have saved eurasia millions in exploration work.

GLA

Something we know is definitely happening is this, as CKE have been contracted in to complete it -

"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."

GLA

It was this man, who first brought up the larger figures during an interview, almost as if he wanted his share of a payment from such things -

"ALEXEI CHURAKOV
Strategic advisor to the board
Mr. Churakov is a former Goldman Sachs and Morgan Stanley senior investment banker specialized in the mining sector. He has a background in cross-border M&A transactions operating from Moscow, London and New York. Alexei brings his extensive experience in mining M&A as well as maintaining a hands on approach at operational level."

I guess we'll just have to wait and see exactly what happens.

GLA

This disclaimer will have us all forever guessing. No need to place the disclaimer in the FSP RNS if they were not looking to apply for the additional numbers quoted imho -

"In relation to the additional 25Moz of PGMs (those resources in addition to the 15Moz contained in the Mochetundra Project and its flanks) it should be noted that there is no guarantee that all these additional 25Moz of resources will prove to be economic or that Eurasia will be granted a licence over all of these 25Moz of PGM resources."

GLA

I'm just in one of those moods stix haha. You can just imagine him and GN going down together holding hands to ask, and then a synchronised response just like in that vid lol

GLA

https://youtu.be/R3a8535n3-g

GLA