Member Info for mac4671

All relevant info is in recent RNS, where else do you think the info comes from Dave?

GLA

You also have that on top of the very over sold position Eurasia was in just prior to this bounce over the last couple of days.

The clock is ticking, M&A will conclude one way or another at some point!

GLA

Artem to speed up the sales, KPMG arriving as M&A tax specialists, Alexander retiring this month who only gets paid via a dividend from asset sales. There has been plenty of news, you simply need to interpret what has been given in the correct way to understand what is going to take place in the near term!

GLA

Any RNS of a positive nature. JORC's, further licenses through auction, dragline complete at WK etc.

Of course, the sale one is the most wanted, but, there are other possible positive ones which could drop as well while we wait for the big news!

GLA

Certainly a better colour to look at while we wait!

GLA

Good for you Ohmni, congratulations, i'll have half pounder with all of the trimmings to tuck in to while we wait for the big news drops to arrive!

GLA

It's only Wednesday, more rebounding tomorrow perhaps?

You'll always get the odd few taking small percent gains on their 50 quid stakes.

It would appear that the license for this has been auctioned -

https://twitter.com/TheBakingTrader/status/1501485643813249027?s=20&t=XWCoLIbvDSGgwVMfZ_kc4w

Richard Dugdale on twitter has the details about it being for roughly £3.5m. He asks the question "@eurasiamining
did you win the auction then? " - The answer is quite simple due to the area being in Eurasia's exclusivity area, it's a clear yes tbh. They had the legal exclusivity to that area as it falls within the exclusivity area from the West Nittis and Loipishnune MT planned open pits!

GLA

Boooooooom, rocket's at full launch speed looking for mach 4 in a second afternoon wave perhaps, out the blocks faster than Usain Bolt, row you scallywags row, bow's deep in blue water, to the moooooooooooooooooon!!!

Any i've missed? lol

GLA

I've voted and never had any phone call, but, i've been here years and have never had a phonce call about AGM voting.

I don't see why they would call anyone unless it's to share accounts who do not vote? There is literally no other reason to call someone about the proxy voting.
This year the resolutions are more straight forward than last year due to no inclusion of a special resolution to do with securities, this years it's a very basic and easy vote imho

GLA

This could get interesting again if the BOD start dropping some Tier 1 JORC info for example for some assets around Monchegorsk.

Always good to see it blue!

GLA

Don't worry about the ones who become unfriendly towards me, it's always due to them being caught out, so, i never worry about any of them and neither should anyone else.

Monchegorsk is a massive resource area. Of course there is the question about what is economically viable to extract, but, with metal prices still pretty strong the economically viable % of the resource only increases compared to the MT 2016 FS they make reference to in that recent RNS.

China is the most obvious long term customer for such metals once up and running, the question is have they moved to secure Russian assets like they've moved to secure Lithium resources elsewhere. We'll get all of the answers at some point, it really is just a matter of time!

GLA

Let me welcome you to your new home LeGreenBin, toodles!

GLA

It always was interesting watching what they did pre-index listing after RNS. It does look like we're back to those kind of days, the rebound over the next few days would clarify it if it's the case!

GLA

She's going to blow, the rocket's taking off, stock is going faster than Usain Bolt . . . . . . . . there green boxes, now you can call me a ramper for the remainder of the day lol

GLA

Is that the bargain shopping over? Quite possibly!

I hope the true shareholders managed to grab the bargains they wanted for top ups!

GLA

We are specifically told this in RNS for NKT.

A dragline is currently being put in place at WK, anyone who knows mining will know what impact that will have when it starts moving ore!

KPMG, M&A Tax Specialists arrived in May. Alexander who was brought here for the sale and has never received a wage is retiring this month, the only way he gets paid is through a dividend from the sale!

There is absolutely nothing negative in the most recent RNS, MM's used to do this prior to the index listing and they're simply doing it again. People who were around then are used to these volatile SP swings from MM games.

GLA

We'll never not have a buyer -

"China is one of the largest buyers: the country accounts for 30 percent of the global consumption of platinum group metals."

I wonder who arrived with the Citic Merchant signing of the engagement letter, hmmmmmmm

GLA

It's definitely the MM's playing games, you could tell yesterday and on Friday with the large buying and volume.

A DFS for the wider area at Monchegorsk including NKT and possibly even NYUD will begin to show a more accurate picture of the situation there. But, again, it's just the start as there would still be further resources at Poaz etc.

They have 9 month left to assess and select the Rosgeo JV assets they wish to develop. Considering winter is a large part of those 9, we're potentially looking at them doing all required work before this coming winter and all decisions being made over it. It clearly starts with that initial wider DFS in November and moves from there imho

To production or sale was my decision when i first invested in 2016 and that has not changed. To sale is the current situation we're looking at due to the M&A firepower now at Eurasia.

GLA

They're doing both lovelyboy, "as a standalone project or integrated with Monchetundra". Hence it appears as a set up ROFR agreement, allowing the buyer to buy NKT and NYUD once things are done JORC and wider DFS wise and add them to whatever was bid for during the FSP, which we know Monchetundra was as NDA's were in place for it -

"· Definitive Feasibility study on schedule for submission in 2022.

· Wardell Armstrong International engaged for various comprehensive studies on Eurasia and its projects (also the ones included in the agreement with Rosgeo), i.e. JORC standard MRE reporting and NPV analyses.

· Recalculation of MT and Flanks resources and pit outlines, reflecting metal price increase since Feasibility study of 2016.

· Recognition of NKT as a Nickel dominant mine relaunch opportunity, as a standalone project or integrated with Monchetundra."

I suspect that the buyer of MT has opted to take further assets under a relevant ROFR, it makes sense to get a good foothold in the area from the get go.

Eurasia only had 24 months to assess all of the Rosgeo JV projects before deciding to take them on, those months are rapidly passing by -

"Fri, 26th Mar 2021 17:00"

"Eurasia has 24 months in which to decide whether to select some or all of the assets to develop."

The clock is ticking rapidly right now tbh!

GLA

MT via FSP to highest bidder with ROFR agreements to other areas thrown in as and when they are ready JORC and DFS wise is my best guess Layla1.

This new DFS which clearly now looks to include NKT and possibly even NYUD would cover the first assets under a theoretical ROFR agreement with any buyer. More will go at later dates, POAZ for example.

I'm still leaning on Eurasia keeping some part however and having it in production at Monchegorsk, they may not though as there is a clear path to large value via the proving and selling of assets to the very big players out there like Norilsk, or, a consortium structure involving them and the Chinese.

It will be very interesting to see exactly what they've managed to get lined up through all of this, they have a hell of a lot of M&A firepower here now to get it all done!

GLA