Member Info for mac4671

Because if a short term rally occurs it will challenge the palladium top spot, that's just a given. Gold on wednesday was at its highest for 8 years.

Currently, the large gap that was between the 2 has closed recently. Both are at great prices as of right now.

So, why not question it?. After all, we produce both here either way.

GLA

Low cost and fast to extract as it's tailings, so there's a little value to be added from the project that may have been over looked due to the presence of the all mighty MT asset, and rapidly growing WK producer.

GLA

Here he comes, the little horse Semenovsky on the outside -

"Total of 3,206 kg of gold in place , 43.2 tonnes of Silver."

https://www.eurasiamining.co.uk/operations/semenovsky

GLA

Will it challenge palladium, or will palladium stay dominant?

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

GLA

The small and quiet horse, no one mentions -

"SEMENOVSKY TAILINGS PROJECT



The Company has been focussed on developing its two key assets at Monchetundra and West Kytlim through 2019 to date, however maintains an active interest in the non-core Semenovsky Tailings Project, with a view to further developing this interest in due course. In early 2020 a technological test was carried out to determine the applicability of a patented metallurgical process to Semenovsky ores - with positive results. Separately, the Company is considering a further alternative metallurgical process which may be applicable to the tailings at Semenovsky."

Gold price forecast only to rise at the moment.

GLA

Current S.A problems would suggest WK and MT will go imho

GLA

Or they may sell WK and MT, which would leave the gold tailings project, but as gold price increases the gold tailings projects also starts to look a little more appetising -

"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."

https://www.lse.co.uk/rns/EUA/engagement-with-citic-and-vtb-capital-9jxlv98khqhae4b.html

GLA

Any buyer will have access to their production figures so far this season. At the rate they've been moving at Kluchiki, which can be verified using the images from A1EX, that production level could be quite high.
They're nailing a bonanza grade area going off the satellite imagery, and at a very rapid pace. That will effect the ebitda at WK no doubt and increase its value.

I've never been as excited for a monday as what i am now.

GLA

Citic is a chinese state, sinosteel is chinese state, there is a lot of chinese state involvement here.

Now we are witnessing rostec move into the monchegorsk area, they're russian state.

We could be looking at a state vs state, china vs russia bidding war here. Russian consortium with state involvement vs Chinese consortium with state involvement, how big would that bidding war go?

GLA

There is a EPC contract in place aandi, part of the contract is a agreed upon production output -

"Engineering Procurement Construction and Financing (EPCF) Contract

An EPCF contract to develop the mine at Monchetundra is already in place with Sinosteel, a state owned Chinese corporation focused on mining, and was agreed in October of 2016 (see RNS dated 10 October 2016. The contract provides for Sinosteel to undertake the mine and processing plant construction and commissioning on a turnkey, commercial arms-length basis. 85 per cent (or US$149,600,000) of the contract value has been arranged as debt-based by Sinosteel with this element of plant construction costs to remain on the Sinosteel balance sheet until such time as the plant is operating at full capacity and to designed specification."

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/w3qvvdr

Because sinosteel did all their due diligence and agreed to keeping the loan on their sheet until it is operating at full capacity, then it should be pretty much taken as fact that it will make it to production, or at least that the production risk has been pretty much eliminated through that contract.

There is also this -

"Off-take agreement negotiations are progressing with Glencore (the third largest international commodity trader and resource project investor), Sinosteel (China's state owned EPC contractor and a major mining investor and commodities importer into China) and other major players that cannot be disclosed at this stage, for the entirety of the life of mine output. It is hoped an agreement will be reached with one of these parties in the near future and this agreement will integrate with Eurasia's already agreed, and signed, Engineering, Procurement, Construction and Financing ("EPCF") contract with Sinosteel which includes financing of $150 million as a 10 year facility at 6m LIBOR plus 3.5 per cent."

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/rgj43vr

GLA

Nicely done alex, that shows it off very well, perhaps drop a 'For Sale To The Highest Bidder' sign on?

Cracking tweet.

GLA

2:24

https://twitter.com/Share_Talk/status/1281989124237545472?s=20

GLA

I think buying pressure on monday will be huge, the trade volume will continue at pace. Many people will take in what is happening at Eurasia over the weekend and they will want in on monday.

There may be a couple of trees shakes at certain stages, but the overall trajectory will continue to be up.

AIMHO

GLA

Been here for quite some time, has had to witness all sorts of lame attempts at creating some form of a negative spin. Accurately named bot flies by the good ships captain tilly, they seem to even breed and appear after many many multi bags, it is indeed a very interesting bot fly breeding system they have, but no matter how many appear, they are no match for the shipmates here these days.

We continue to sail towards treasure island, we have been joined by 2 investment bank ships, one on the port side and another on the starboard, we know sail as a rather protected convoy to the treasure destination.

Drink plenty rum and have your wheelbarrows ready for treasure extraction in the not so distant future!!

GLA

Forgets to mention that ubs is doing very well this year -

“Interestingly, Rothschild & Co and UBS recorded a growth of 52.07% and 63.07%, respectively in Q1 2020 over Q1 2019, with their involvement in two megadeals each.”

As provided by clueless -

https://www.verdict.co.uk/private-banker-international/news/deal-news/top-20-global-ma-financial-advisers-for-coronavirus-hit-q1-2020-revealed/

Best to stick to what they've actually been up to most recently.

All mine are in an ISA, oh dear, look at me and my tax avoidance lol

GLA

Fails to mention the investment bankers on the BOD, a very important piece of the puzzle here, they're like investment banks, they only work to get PAID.

GLA

Research applegarth, the true shorters research and simply place their money appropriately. The true bears of the bull vs bear game. The new breed that spread lies and false information are indeed a scourge however, and it is those which give the other legitimate bears a very bad name.

GLA

I personally like how Elon deals with shorters, they've been getting a good burn in a variety of places of late. I can imagine just how frantic they were to get out when this resumed trading as they watched it take off to an unknown destination -

https://www.teslarati.com/tesla-short-shorts/?cc=1&fbclid=IwAR3gbHY2LLdd9GGBpi6tSX_bba1QiNNEg817iHTIx0rv_HiM-XRSCF_a9BE

GLA

You've been in more bidding wars than me pompey lol.

It's all very new to me, just a case of trying to figure out exactly what's going on tbh. Multiple banks working on a success fee basis leads to a scenario where they have to be very confident to execute something.

GLA

VTB are still very much there, an engagement letter hasn't been signed yet. We could get news on a engagement letter with them shortly if their clients want a pop at securing what eurasia have -

"Eurasia's relationship with VTB Capital continues to be as previously announced on 25 November 2019."

GLA