Member Info for mac4671

https://www.cnbc.com/2019/09/27/russia-and-chinas-relationship--how-deep-does-it-go.html

GLA

Behave gargar, russia is all for stronger chinese and russian ties.

Eurasia didn't choose anyone, the banks chose eurasia, there's a massive difference!

GLA

Nice article gecko, puts the other previous info in there very well!

GLA

Exactly, followed by eurasia so i'm sure if there was something to be denied we would of heard by now. Just as quick as they denied the last speculation and then went on to refer to the appropriate previous RNS.

We'll find out soon enough, it's not like it's really that big of a surprise seeing as we had an RNS back in oct stating the banks had approached us!.

GLA

Yes, there is the potential that it's already done and lawyers are thrashing out the exact finer details. When there's a lot of money in question they will all want to make sure everything is word perfect imho!

GLA

is that eurasia have not done anything wrong themselves and they still have all of this up for sale -

The average Pd:Pt ratio for Monchetundra is 2.36:1.

The average Pd:Pt ratio for Volchetundra is 2.93:1.

Monchetundra

To date, 16,121m of drilling have been completed on the licence

Volchetundra

To date, 12,192m of drilling have been completed on the Volchetundra Licence.

https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/x55ym2x

MT and monchegorsk geology -

https://www.researchgate.net/publication/252268728_The_Monchetundra_Basic_Massif_of_the_Kola_region_New_geological_and_isotope_geochronological_data

This amount of exploration funding years ago -

https://www.proactiveinvestors.co.uk/companies/news/226/eurasia-mining-revisited-0188.html

"To summarise, as per the information from the Russian Cadastre:

· there are potential resources within the existing Company licence and the flanks application of c.15M oz. This includes Eurasia's current state approved reserves and resources of c.1.9million ounces (see the Company's Resource Statement, announced 15 June 2017) and c.13Moz detailed in the Russian Cadastre;

· additional potential resources occurring within 5km of the Monchetundra Mining license and areas neighbouring the Company's deposits of c.4M oz; and

· additional potential resources within the wider Monchegorsk district in which the Monchetundra license is located of c.21M oz.

The potential for the area could be 40M oz of PGMs, but as stated above this data has not been independently verified by Eurasia and other than the area covered by the Company's existing licence the Company does not yet have any other licences in the area"

GLA

Exactly, RNS has been slow since the bank approach RNS and it can only really be attributed to multiple parties having to check over every last detail and then them all agreeing to its release.
Since that RNS they have had to have been extra cautious with what has been released, both on social media and via RNS.
We'll hear soon enough about what's exactly what imho

GLA

He may of expected them to have a RNS ready for first thing monday which would double up what he tweeted, you never know.
Perhaps they did, and lawyers have been going through it, making tweaks until they all agree to the release of its contents. Where multiple lawyers are involved things take time imho!

GLA

to find out either way -

"The Company's AIM securities remain suspended. Further updates will be made shortly."

Denial was very quick the last time around and directly sent people to look at previous RNS . . . .

GLA

Massively i would say.

GLA

Look, this is how they deny speculation -

Eurasia Mining
@eurasiamining
·
29 Jan
Contrary to recent media speculation, we refer to our statements in RNS in late 2019 (17 Dec, 04 Dec and 29 Nov). We look forward to further updating the market in due course.

GLA

Look, it's not rocket science, if this still held true then we would of received a RNS stating so -

https://www.lse.co.uk/rns/EUA/clarification-of-understanding-with-citic-and-vtb-tzbq3f1913qa6jq.html

GLA

The relationship has changed, or they would of simply stated for everyone to refer to a previous RNS which states our relationship with citic.

GLA

It's exactly right wasarunner, it's potentially a huge deal and multiple parties are involved all with their own lawyers having to go over every last detail of what is officially released.
It's a positive that they did not just flat out deny it.
People may be annoyed along the lines but people also need palladium and asap!

GLA

Multiple parties involved takes time aubery.

It's probably now suspended until the details of the citic deal are revealed.

As many others have said, if the details were false then they would of been fast to respond on social media etc.

GLA

There's no fault on eurasias part, they have done what they need to and that is to suspend until things are clarified on the relationship with CITIC. I can't see the clarification taking too long, they will want this sorted out asap imho.

GLA

Looks more like a nudge from the bank to hurry up with news releases tbh.
Because of its potential price sensitive nature, eurasia has no choice but to suspend until it clarifies its current relationship with CITIC.
If the bank has multiple clients then i would expect they could be p*ssed off at the tweet, who knows. AIMHO

GLA

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble”

? warren buffett

GLA

https://twitter.com/Share_Talk/status/1224399542025707523?s=20

GLA

Oh how we laugh at the derampers lol

Announcement -

"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