Member Info for mac4671

He's simply unsure on how to do it and has quite clearly realised that the current situation is not plausible -

https://thehill.com/policy/international/4293934-zelensky-invites-trump-ukraine-he-cant-manage-this-war/

GLA

Long overdue because a prolonged stalemate situation imho -

https://www.nbcnews.com/news/world/us-european-officials-broach-topic-peace-negotiations-ukraine-sources-rcna123628?

Hopefully it comes to an end relatively soon.

GLA

I'm not in the telegram group personally, so, i have not seen what has been posted there, but, it's a small sum realistically. I believe the court would have to find that the company does not have the funds to pay the bill, then proceed with the winding down route looking to sell the company assets to pay the bill.

It's clearly a dispute, so, it's all on the legal advice that the company will receive, if the advice favours the move then this is the route which will be taken -

"The company can either dispute the petition"

Or, the advice will be to simply pay the bill.

I did see some tweets jumping to conclusions about CS options early on however, so, i do know that people quite often jump the gun and make an instant scene of certain things.

GLA

It would be a worry if they were insolvent, but, they're not. They have the proceeds to pay the money, for whatever reason they're quite clearly choosing not to.

Also, CS would not just throw money on to a fire, the taking up of options appears to be more of a sign that he has faith in the company.

They have 7 days in any case to pay the bill, which is small compared to what cashflow they have access to.

GLA

There's still a $1m loan available at any point from Dmitry. The £100k is no real threat to the company in any circumstances.

"If required, the Company also has access to the previously announced US$1m credit line which is provided by way of a loan agreement between Eurasia and Hamomelia Services Limited, a company owned and controlled by Dmitry Suschov, a director of Eurasia."

GLA

What happens with a stalemate?

https://thehill.com/policy/international/4290701-ukrainian-general-war-russia-stalemate/

The conflict should end soon. Rather well timed if asset sales are to take place before year end imho

GLA

Says the conflict is at a stalemate.

Now it has arrived from the horses mouth, inevitably as expected.

The conflict should end quite soon imho

Ref the options, possibly didn't take the full amount to minimise shareholder dilution after a longer than expected asset sale process.

GLA

Can't peddle any so called misinformation when i've barely posted for months now, so, do stop lying as you don't look very good tbh.

Reference the Rosgeo JV, the situation with NYUD is fully known to all genuine shareholders, that area is part of the original Rosgeo JV. The JV won't advance any further for Eurasia, but, with some careful business diplomacy, there is a strong chance that the door will be very much opened to the buyer of Monchetundra and the rights over NYUD.

The ones who like to try and twist things always seem to forget, an ex Rosgeo guy is at Eurasia -

"Konstantin Firstov, former Managing Director of Rosgeo has been appointed as chief executive of the 100% subsidiary Yuksporskaya Mining Company, and as chief executive of the 80% subsidiary Terskaya Mining Company.

Terskaya holds the Monchetundra and Monchetundra flanks licences"

And, well, it is the subsidiary which will be sold which holds the assets which are being advertised.

GLA

Nice to see it going in the direction it should always go ;)

We're running out of year, if it is to be done within the year then each day takes us closer to the potential big news drop.

I hope that all LTH's are well!

GLA

"There no way ABC Ltd will make an offer of say 15p a share when the share price is 2.5p" - That part's not true as this isn't a company sale, it's an asset sale. The assets for sale can only be valued using industry norms, with Monchutundra that's the discounted cash flow method. The company holding the assets share price is totally irrelevant to an asset sale.

GLA

Indeed, Eurasia will prove a great success story for them and show all of BRICs that Russia is fully open to their investment.

The closer Putin appears to be with Xi Jinping, the more i'm leaning on my original theory of it being a Chinese entity going for Monchetundra. Either as a full move in, or, possibly a little more realistic, is in a JV format with Norilsk.

There are still other possibilities however, just the present geopolitical environment makes the above case even stronger imho.

I don't think the Ukraine conflict will go on much longer, it's at a stalemate, has been for months due to the counteroffensive making no meaningful ground. Ceasefire and peace talks is what should take place in the short term there imo. It going on into next year makes little to no sense at this stage.

GLA

That's their way of saying it's negotiation time Zelensky, they don't want Ukraine going on any longer.

He can't fight without funding, he has to negotiate, it's just a matter of time now imho

GLA

The US also now has a problem growing in Syria due to shooting down a Turkish drone.

NATO vs NATO fighting there currently -

https://www.bloomberg.com/news/articles/2023-10-06/turkey-hits-kurd-militia-in-syria-after-us-downs-its-armed-drone?leadSource=uverify%20wall

GLA

I think there are those that know the real situation in the US, hence what's just happened with the government over there.

As the Ukraine conflict has went on they've been blindfold walked into a migrant border crisis which appears to be causing the wider US some very large scale problems.

The counter offensive always did only have a tiny percent chance of working, it rested mostly on hope than actual real analysis of military capabilities of the two sides in the conflict. Ukraine never did, nor never will have the numbers to fight Russia. Therefore, the faster they got to a negotiated peace solution the more lives that would have been saved.

Their most logical path at this point is still as a non military aligned EU state, where extra defences could be put in countries bordering Ukraine, but, away from Russia's border and therefore not seen as a direct threat at Russia's border. Ukraine gets EU membership (well, if it sorts out the corruption which is being spoken of by quite a number recently) and Russia gets no direct threat at their border, so, it's still the most plausible workable solution to the conflict there.

GLA

Https://www.theguardian.com/commentisfree/2023/oct/05/biden-us-strategy-russia-ukraine-war

GLA

Mizman, the tide is turning on the aid to Ukraine, several European countries are now also voicing that they no longer want to fund the conflict there, which, inevitably can only lead to forcing Zelensky to the negotiating table.

Although it's not put out in mainstream media, i don't think either side has much appetite for the conflict running in to 2024. That's just my opinion however.

Pat, you forget, everything at Eurasia has been put through and signed off by Russian authorities, all and any assets are going to BRICs entities, companies from the bloc which Russia sees as allied partners as they turn their back on Western systems. If there was any issue then the DFS would not have been signed off.

The SP is irrelevant, it's not a company sale, it's the sale of Russian assets which are all held in Russian subsidiaries. So, effectively it's a sale of a Russian subsidiary company to a BRIC's party, all guided by Russians who know their system like the back of their hand.

It's an orderly exit which most likely leads to stronger ties between Russia and the country that the BRIC's buyer hails from.

GLA

And that ladies and gentlemen is how vast amounts of new funding arrives at the BRIC's table -

"As well as developing local mines, there’s also another element to the plan that industry insiders say is less speculative and quicker to get up and running. Saudi Arabia wants to buy up resources from elsewhere to be refined and processed at new facilities inside the kingdom.

In July, the country announced its first big push into international mining. It took part in a $3.4 billion deal in Brazil, buying a stake in Vale SA’s base metals unit alongside investment fund Engine No. 1."

GLA

Another opens -

"Saudi Arabia’s crown prince looks to metals as new source of wealth"

https://www.mining.com/web/saudi-arabias-crown-prince-looks-to-metals-as-new-source-of-wealth/

The predictable throwing of billions at the new target is always a welcome sight.

BRIC's

GLA

And what has it changed? Absolutely nothing.

One asset is in full operation and the other is DFS complete and going through the sale process.

Such an easy waiting game this one.

GLA

"favourite buyer is NN" - I wouldn't rule China out, they've bought a crazy amount of Lithium mines over recent years and a good Nickel, Copper, Cobalt etc source would be highly valuable to them. They also have a tendency to bid far higher than all others to secure what they're after.

Perhaps a JV buyout involving both NN and a Chinese entity, ultimately leading to a stronger BRIC's in the medium to long term.

GLA