Member Info for mac4671

"Initial trades have already been agreed and the Company will provide further updates to shortly."

You're right, but this bit tells me that he has a solid plan.

GLA

It was enough for me to make a small top up steven. My biggest worry for quite some time, has been the lack of a revenue stream. No revenue stream = constant placings and dilution.

GLA

"Further to this, I am delighted to have commenced work on our new trading arm, Kazera Trading, which we have set up to utilise the Company's global connections, connecting buyers and sellers of heavy metal and rare earth element ores. We look forward to updating shareholders on this exciting new initiative which we anticipate will deliver solid revenue for the Company going forward."

That's very interesting, if he can indeed set that up then he will create a revenue stream which will be in addition to any from mining.

GLA

http://www.metalary.com/tantalum-price/

GLA

Yes, it's a good RNS, but they will need to keep the news flow going to sustain any rise, this is AIM after all.

GLA

They don't have a side to debate, just an agenda.
TDT has points to debate at times, the share dilution to get the company to where it is now for example. These others, that have arrived since the bank RNS, are just spreading false information in a very lame and constant fashion.
It's why they're all in the filter bin, they don't bring anything to the table, zero points to debate, just constant negativity and false information.

GLA

53 lol. That's a good figure, i wonder if it's the BB filter record?.

Some of them were amusing to begin with, but after a while it's like having a swarm of midgies flying around making a whole load of irrelevant noise!

GLA

Christian has mentioned other assets in interviews in the past and so has always kind of hinted that there will be more to come.
Alexei tweets a lot using #exploremore, which again points to it going on after anything that happens in this near term.
The rinse and repeat fits dmitry to a tea, and the team now at eurasia have all the big players covered as contacts.
It is just my speculation at this point, but they know the russian system pretty well now and also quite a large amount of its geology.

GLA

The risk is on sinosteel to get it to the agreed production capacity.
There is nothing in the next 24 months that can change the demand situation for palladium, it will remain in a deficit, therefore the risk is very minimal imho.

GLA

It may not be over, and could just be the beginning. From the eurasia website -

"We continue to assess exploration and near term production opportunities throughout Russia."

These assets sold, move onto others!.

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

GLA

Anyone here for some time, were waiting for the 50 mil draw down prior to the bank RNS, and so were here for the MT in production end game. So to me and those others it doesn't really matter what happens next, the BOD have somewhat positioned the company in a checkmate move, it's win win no matter which route of the forked road is taken.

GLA

I do understand your point stock, the majority of people who have appeared on here since the bank RNS do seem very impatient and seem to like to chase rainbows.
I'm in, i'm out. what should i do, do i buy now, do i wait for a dip etc etc.
It's always been a buy and hold for the end game share, well that's if you're a patient investor here for the real gains.

GLA

It's not a long term thing to take MT to production. 12-18 months, that's it, and hence why it's on the radar of the big players due to the palladium current and future demand forecasts.
Simply put, they need palladium and they need it now.

GLA

Why would the market only accept that, when MT is worth more to eurasia in production?.
A sale doesn't happen for instance (unlikely at this stage), eurasia then draw down the 50 mil from the sinosteel contract and get to work taking it to production.
With future price forecasts on palladium, MT in production would pull in loads of money each year and shareholders would get dividends yearly.

GLA

Eurasia can't lose at this point. If a bid comes which is not high enough, they already have a epcf contract with sinosteel in place to take it to productions themselves.

GLA

No it does not. They are in negotiations, but i would imagine that they will still do prep work at MT. It shows buyers that they're serious about taking MT to production if a bid lands which is not high enough.

"Instead, the Directors believe that the experience of Anthony and his contacts, especially among PGM and gold producers in Russia, China and South Africa, could be beneficial for the Company as it continues to explore potential options for the Company's assets including a potential sale of the Company's mining assets."

https://twitter.com/ZaksTradersCafe/status/1200062020931985409?s=20

GLA

So not far away from seeing if a divi materialises from excess cash from warrants, and cash from metal sales!.

Drilling samples in alexeis tweet point towards drill results being in the works from the aggressive drilling campaign at WK, so hopefully we'll get those drilling results shortly.

Palladium and rhodium prices are very strong at the minute, which adds strength to our side of any negotiations.

It's all to play for from here.

GLA

"Eurasia Mining PLC, the palladium, platinum, iridium, rhodium and gold producing company"

It's what they're pulling out of WK. Makes you wonder if they've hit a good rhodium pocket during this season, as it has now been mentioned a few times.
Talks of dividends due to excess warrant and metals sales money, could point to there being plenty of something other than platinum this year.
I agree with a few who have mentioned it, the platinum that they were limited to sell will only be a part of what was produced. The rest will be stockpiled ready for next season imho.

GLA

Not sure about the brown envelope style packets, unless that is how they collect and record their spt?

https://en.wikipedia.org/wiki/Standard_penetration_test

GLA

But they appear to be bulk bag samples from drilling, so is the aggressive WK drilling campaign getting close to being finished?

GLA