Member Info for mac4671

About the MT flanks -

"The applied for area comprises a significant portion of a zone to the north and west of the West Nittis deposit known as the Nittis Kamuzhaya Travanya (NKT) Massif, an area previously mined for high grade nickel and copper mineralisation and with significant resources in PGM. Further potential resources exist in the on strike continuation of the mineralisation at Loipishnune as it extends into the area between Loipishnune and West Nittis, beyond the current mining license, in fact several early 'discovery holes' drilled by Eurasia in 2006 occur in this area, and contain intervals of 8.4 g/t (Pt+Pd) over 3.6m (Drillhole UM-3, see RNS dated 5th November 2006)."

See it there, glistening in the sun? - "in fact several early 'discovery holes' drilled by Eurasia in 2006 occur in this area, and contain intervals of 8.4 g/t (Pt+Pd) over 3.6m (Drillhole UM-3, see RNS dated 5th November 2006)."

GLA

"Eurasia began working at the Monchetundra Project in 2006 and developed the project from a green fields exploration project, initially in a joint venture with Anglo American Platinum whose interest Eurasia bought in 2014. Field work comprised extensive trenching, geochemical sampling, geophysics programs and several generations of core drilling for a total of 33km of drill core."

GLA

Workings TDT, let us all see your superior workings, there's a good chap.

Let us all see how you have arrived at anything different to this please -

https://acfequityresearch.com/wp-content/uploads/2020/02/Eurasia-Mining-Plc-MA-Valuation-FINAL-ACF-03022020.pdf

GLA

We can't get the circular containing the details of the disposal until that paperwork is signed either, as legally there is no disposal until it is all signed -

"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."

GLA

Same RNS -

"We are also delighted to welcome Iain to the Board, who as a qualified lawyer and M&A practitioner will strengthen our execution team, while we are making progress on our M&A plans."

The only way to execute is via the signing of legal paperwork, that is the only way, no other option. So that RNS does tell you what you need to know, if you understand how the process works -

"The Contract
The seller's solicitor prepares the draft contract. Even in the sale of straight forward business sales, the contract will be quite a complex legal document. Because every business sale will be different, every business sale contract will be different. There are several very important purposes of having a solicitor draw up a property bespoke written contract. Having a written contract fully and accurately explains what is happening, what is included in the sale and, equally importantly, what is excluded. The contract will fully define the legal rights and obligations of both parties. Where there is an agreement but the rights and obligations are not properly legally defined, then that is where disputes arise and any agreement may turn out to be worthless. Also very importantly, the contract defines the change in legal ownership of assets.

The contract has to be right, otherwise you may find even after you've received money from the sale, you face a claim from your buyer for a refund or for compensation. Such a situation could easily ruin your life for years, so its obviously a very good idea to have a solicitor with the expertise to draw up a sale contract which is watertight and covers all the bases for you. "

GLA

"The Company will make a further announcement in due course regarding the status of CITIC Merchant's role and strategic options for the Company's current mining assets. The Company's shares remain suspended pending further notification."

Due course - once all legal paperwork has been signed by all parties, until that is done we are simply in discussions about strategic options for the company's current mining assets.

GLA

Yes, the sinosteel deal, who only came aboard after extensive due diligence. Due diligence will forever be their agendas enemy here.

Due diligence is the reply they have no come back for, because due diligence has been done by professionals in the field.

GLA

And i sit patiently waiting for anything meaningful that suggests less than the calculations presented here -

https://acfequityresearch.com/wp-content/uploads/2020/02/Eurasia-Mining-Plc-MA-Valuation-FINAL-ACF-03022020.pdf

Please negative posters, do show me your own calculations and working so we can all have a look.

GLA

Here's where to start -

"The Monchetundra Project, with an in-situ total reserve and resource value of approximately US$2.1 billion (an internal calculation based on London Metal Exchange November 2018 spot metal prices, and prepared for guidance only) is now licensed to mine and can continue to the construction phase."

Have fun with those calculators, that figure does not include flanks.

GLA

Good reply gmf, the urals and monchegorsk geology has been a focal point for a very long time for geologists in russia, well before TDT was even a twinkle in his parents eyes. He forgets that, he also forgets the russian system is different to the western one.

He will try to grasp on any tiny little thing to keep his agenda going, but again, due diligence by multiple parties is his agendas enemy.

GLA

I think you've explained it yourself there alta, networking, alexei is on twitter for example -

https://www.linkedin.com/in/alexei-boucher-b684b0121/?originalSubdomain=ru

EM_investor on there also appears to be the big man himself Dmitry.

GLA

Another reason advfn has went poor for me personally, and i noticed this via their email notifications, is that tom winnifrith advertises via it.

Anyone who knows who he is will understand straight away.

GLA

I personally find that here and twitter is enough. The filter option works well here, and the block function works well on twitter.

I agree with gmf as to file sharing, media etc being lacking on lse though, but if you know where a lot of relevant info is via web links and RNS then lse is good for sharing that and keeping it circulated.

True chaos is ADVFN, i used to post on there regularly but it went downhill rapidly after the bank RNS.

I wish you all well with groups created like telegram.

GLA

Aubery wishes to scrutinise the BOD. Many people already have aubery, the ones who have done due diligence and then jumped aboard.

That simple fact will always go directly against any meaningless negative drivel which comes out, the fact that due diligence has been done by multiple parties by this stage and they have all came aboard.

GLA

A video of Victory 75: Military parade in St.Petersburg.

It was pretty impressive, almost as impressive as the rate eurasia are going at WK.
I can see a dividend coming from money earned at WK this year if they keep the pace up that is clearly evident from satellite imagery!

GLA

An unaudited report may come, then an audited one at a later date.

Unaudited if it comes will land this week of next monday i would say, we just have to wait and see if the company wants to do that. Other companies have put out an unaudited report.

GLA

Nice work gmf, it is what it is then. It's a long year this one lol

GLA

* monday or this week

Next tues is the 30th, they could drop a RNS on monday of this week, we'll just have to wait and see.

Covid 19 hasn't had any known effect on eurasia, the WK operating asset has worked as per a normal season so far, so i wouldn't expect any delays.

GLA

117 km2 is huge, but they can still keep expanding back to the old original license area i believe -

"The 251 square-kilometer license area lies within the Kytlim Platinum District"

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/xe29pzx

GLA