Member Info for mac4671

Who has been loading up this morning?

28-Jul-20 11:06:36 18.49 27 Buy* 18.00 18.50 4.99

GLA

Because it is a long trading CFD, see the long trading CFD explanation i previously posted on this thread franny. To profit, the sp has to increase from 19p.

GLA

It basically says that UBS expect the sp to increase.

GLA

"Long Trading CFDs
‘Going long’ is simply buying a CFD position to profit from a share price increase. So a ‘long position’ is placed if a trader believes the market will rise and is a very common way to trade CFDs. This means that you are hoping and expecting the value of the asset to increase, as outlined in the first paragraph. "

GLA

Long CFD at 19p, that's quite interesting.

GLA

Newbie, everything points to them being a very likely bidder, well at least for MT anyway. But, you don't really know who will win a bidding war for an asset like that, especially in the environment we are currently in. High metal prices and high demand due to lower emission standards coming in etc. It all leads to a highly competitive bidding environment, and really is a 'who bids highest wins' scenario.

Whoever wants it the most will get it, and that could be quite a number of people right now to be honest.

GLA

I think the thing to remember with AP, is that it's our exploration manager that is pictured with them. So whatever is happening, it's all under Alexei, therefore it's all under Eurasia.

GLA

NN is only one potential bidder in our current situation. I know it's very easy to get caught up with placing a lot of focus on them as they're Eurasias neighbour, already have facilities there, and have pencilled in a large sum for expansion over the coming years, but you can't rule out another entity winning a bidding war at this stage.

The whole world needs PGMs and gold, and Monchetundra in particular, would be a great strategic asset to have for a whole host of potential suitors.

Citic merchant are here and signed up, that points to strong chinese interest imho, the chinese play hard ball when it comes to securing what they need!.

GLA

Hi ian, but they have already started a revised reserve statement, it's in RNS. A request to speed things up may have came from a potential buyer, or they are doing it to add value A.S.A.P imho.

Personally, i just stick to RNS and try and figure it out from there, they offer a similar service to CKE -

https://www.ngu.no/Kola/cke.html

https://aplimited.com/?fbclid=IwAR28xLUTcrCSnt_cT4hb_Qi5Bpbyi5OD4pxSPnmQraRZ5cSQQo_Yv4lmOjE

https://aplimited.com/products/

"We can’t share the details yet, but this is going to be a complex one, involving the whole range of our tools and services."

https://www.instagram.com/p/B-ZhwV-jEjC/?utm_source=ig_web_copy_link

GLA

Probably brought in to help speed this up tbh, more boots on the ground the faster a revised reserves statement can be made -

"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."

Using all their tools and services.

GLA

That's big news, that's full EU support, wow!

GLA

You're new Realsicilian, but there is no elephant in the room, it will be issued as per standard process, as it has been explained in recent RNS -

"As previously announced the application for the flanks areas at Monchetundra received Ministry of Defence approval (see RNS dated 17 December 2019). Approval by the Federal Security Service (FSB), the last remaining federal body, whose approval is required for the flanks licence application, was also subsequently confirmed to the Company by Sevzapnedra (see RNS dated 9 April 2020). The Directors expect the license to be issued by Sevzapnedra (the regional licensing body) soon as per standard process."

They have legal exclusivity to them, once the paper work is in order, it's simply a case of running it through the various bodies for approval. The license will come as per the standard process.

GLA

The BOD would of activated it if not for what?. If they were not approached by the VTB and CITIC banks, but still, the BOD are making way for a potential production scenario, CKEs involvement here tells you that.

The further down the 'to production' line it goes, the more potential value is added in a 'for sale' environment either way.

GLA

You're very welcome Sharegar and jonesrichard.

There is quite a lot to take in with Eurasia, they've made an entirely water tight plan here, which covers all options and reduces the risk to a very low level.
Before Sinosteel came on board, they done extensive due diligence on the MT project, before signing any EPC. That in itself should give shareholders confidence.

Like i and others say, either route brings shareholder value from here.
A sale from this point is the most likely outcome, just remember though, that EPC is always there to take it production if it is needed however.

GLA

I have no preference, both routes lead to good shareholder value from where we are, it's a Win Win situation.
But, as of right now, both routes are still on the table until a buyer buys. People need to appreciate that, and understand that a production route is still very much available is no sale materialises.

GLA

But here, from a recent RNS -

MONCHETUNDRA



A fully funded development project; with 15moz palladium dominated PGM resource, it is one of the largest assets globally not owned by a PGM major.



Asset overview:

Ownership: 80%

Operating Partners: Sinosteel, Central Kola Expedition

See it there, operating partners. We have a EPC with Sinosteel, and CKE are working on this -

"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-pejv5lxg8dt8bx7.html

https://www.ngu.no/Kola/cke.html

GLA

Most new guys/gals won't like it, as they jumped in on the bank RNS.

It's clear who they are as well, as they appear to know very little about the Sinosteel EPC which is in place here for Monchetundra. It makes the project pretty much risk free to a certain production target is arrived at. and is fully funded.

GLA

It certainly would Ian, that's why it can only be a Win Win situation from here, sale or to production gives us shareholders massive value from where we are now.

GLA

"Alexey Churakov, strategy consultant to the board of directors of Eurasia Mining, told Kommersant that with a palladium price of about $ 2.3 thousand per ounce, the company's EBITDA will reach $ 250 million after production reaches full capacity"

https://www.kommersant.ru/doc/4221391

But that's using the old mining plan, the new one takes it to a multiple of that figure.

GLA

The daily chart is interesting, 4th time hitting 19p from what i can see.

GLA