Member Info for mac4671

No nomad was a breeze Romek, i've had, 'they won't get the Monchentundra license', 'they won't get West Kytlym flanks', 'there's something terrible wrong as they have not drawn done on the sinosteel contract'. Then came those muppets on twiiter, 'i spoke to VTB and they have not heard of Eurasia, please look at this FAX number as confirmation'. Sure it was those same muppets who helped create that dip to 2p when others had managed to get themselves in after the bank RNS.

Anyway, it's all in the past now, shorters got royally fried by all accounts, and we're all safely well under way in the current FSP.

GLA

The dip into the 0.2's was the painful period, i think i had a 0.7 average at the time. Averaging down and stake building was very much the order of the day for those of us who truly believed in our research and the BOD.

It's pretty crazy to sit and think about that dip, and then think about this current resistance.

FSP well on the way, world class UBS running the formalities, what a place to be ladies and gents.

GLA

Certainly right wolster, higher metal prices and an area which has multiple in demand metals lowers the risk massively.

As you say, zones that may not have been economic when they first looked at the area due to prices at the time, will become economic as the price has risen quite significantly. As the price goes up, it's fairly safe to say that there's more potential to play for in the area imho

GLA

We certainly appear to be back at the base camp of the last huge price rally, which hit approx $2900 at the start of the year.
It's going to be very interesting to watch in the coming days/weeks.

GLA

I'm sure Christian himself explained that Monchetundra was in a completely different league to others that have been sold, and i would imagine that it's all to do with the underground complexes mentioned in historical data.

We have this to hear back from, perhaps larger figures will come to the surface -

"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

I'm sure he provided potential PD figures for the area, even A1EX did that himself at one point. What it all does in the basic sense, is verify the huge resource complex in the area.
Granted, not everyone may have understood all of it, but the stipulated potential figures for palladium, platinum etc are very easy to understand. The only thing you need to add, is whether they're economically viable to extract and process.
But, all historical data to date says exactly the same thing, and that is that Monchetundra is a huge resource complex.

GLA

Most definitely Dshox, with nickel and cobalt also at Monchetundra, it's of great strategic importance right now.
All eyes are focused on climate change and reducing harmful emissions.

GLA

Probably having a break from digging up historical data, he certainly provided quite a lot in a very short period of time.
At least it got more people into looking at the unique geological data of the Monchetundra area.
People disagreed with his famous £3.50 price target though lol

Price and how long until it lands is all that remains in a FSP though.

GLA

Certainly rallying well now carlitto, that's for sure. All good for eurasia and us humble investors.

GLA

Nicely. All great when your in a PGM and gold producing company -

https://www.apmex.com/palladium-price

GLA

nice and chilled, waiting for the professionals to do what they do best, M&A.
Such an easy share to be in this one, well apart from the odd bot fly battle lol.

I see EPC mentioned, perhaps look at the BOD member with engineering and EPC experience.

New mining plan includes the flanks, that tells you all you need to know about the flanks imho.

GLA

That's what can happen with media hysteria calamari. People saw it on the news, people read about them in news papers, they even joined the gov trip over to china for cooperative trade after brexit etc. The whole entire time, they never had stage 2 financing secured and as it has proven, financing is the most crucial part.
Yes, it was 50/50 punt, either they would get the funding or they wouldn't, no matter what was put on the news, in papers etc. I think a lot even thought the Gov may help with it at one point, they never.

It's in the past, it's done with, anyone who got caught in it all just needs to move on. Perhaps take it as a tough lesson about needing financing in place to reduce the risk by a great margin.

GLA

No, yous really were not, yous were told they were looking to secure stage 2 funding, they didn't get it. And that is very much the end of it in all honesty.

Here financing is in place for the big asset, the other one is already in production. Completely different to that company.
Here we have a formal sale process well under way via UBS, a leading M&A bank for that side of the globe, no such FSP happened at the other company.

You need to let it go, never get emotionally attached to companies you invest in, and always do your research. Research told anyone they had to secure financing, very large financing at that.

GLA

It's pretty odd that people keep bringing that company up here, they needed billions in funding, they didn't get it and so collapsed.

Eurasia don't, and are in a formal sale process. Two completely different companies, and two very different situations regarding financing.

GLA

Christian Schaffalitzky, Executive Chairman of Eurasia, commented: "The Board remains focused on maximising shareholder value, and, after receiving approaches from multiple parties interested in acquiring Company's assets, has decided that launching a formal sale process under the Takeover Code is in the best interests of shareholders, which could result in a sale of assets or the Company. The Company will work with UBS and its other advisers to execute the process."

https://www.lse.co.uk/rns/EUA/statement-re-formal-sale-process-s2dz3bhew85fz5j.html

Just sit back, put the feet up, and let the professionals do their job, it really is that easy at Eurasia!

GLA

Sirius was a completely different investment beast, the entire thing hinged on securing the very large funding which ran into the billions.
I know a lot of people got hit hard there, but it was a 50/50 coin flip on them securing the stage 2 funding, the coin landed on the wrong side.

WK is a producing asset here, bringing revenue in, MT is fully funded to production via a EPC with Sinosteel. Two very different investment cases when you compare SXX to EUA i'm afraid.

Part of the hype with SXX was it being all over the media, sky news etc etc, but it had not secured stage 2 funding at the time.

GLA

The BOD here are second to none GFD imho, does anyone know where else has an ex senior investment banker on the BOD of an AIM company?

GLA

Could be to do with this, RNS tells us that the target production for MT has changed recently. Either way, the flanks will come, eurasia have legal exclusivity to them -

"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

Sorry to hear your sad news nath, stay strong.

Here's the EU figure, it's not pocket change -

https://www.bloomberg.com/amp/news/articles/2020-07-21/eu-approves-biggest-green-stimulus-in-history-with-572-billion-plan?__twitter_impression=true

GLA