RE: I knew i remembered his name from somewhere18 May 2022 09:32
This one got took on as a strategic advisor to the board -
"·; Mr. Churakov has assisted in developing the West Kytlim phased production increase strategy involving both Eurasia's own team and its contractors. Under his guidance, the team has designed a new and extensive project development programme, with the specific objectives of reaching stable and sustainable growth as measured by mine output alongside reserve and resource upgrade programmes at the West Kytlim Mine. Eurasia has, today, also acquired its own enrichment plant from West Kytlim's operating free cash flow and will continue producing hereafter on an owner operator basis with 100% of mine revenue payable to the Eurasia.
·; Mr. Churakov has recently helped arrange detailed due diligence and multi-day visits to both Monchetundra mine and Eurasia's office in Ekaterinburg to study the West Kytlim project by James Nieuwenhuys, CEO and Director of Lesego Platinum, a South African PGM company developing a c 50M ounce project in the Eastern limb of the Bushveld Complex, as part of Lesego Platinum's due diligence of both the Monchetundra and West Kytlim projects. Further details of which are set out below.
·; Mainly for his assistance with Lesego Platinum and to ensure Mr. Churakov's motivation without further dilution of Eurasia shareholders, Mr. Dmitry Suschov has transferred 25.472% of the share capital of DELOAN INVESTMENTS LIMITED ("Deloan") (a company beneficially owned and controlled by Mr. Dmitry Suschov) to VENUS GARDEN HOLDINGS LIMITED a company beneficially owned and controlled by Mr. Churakov for a nominal consideration with effect from today. Deloan holds a substantial shareholding in Eurasia"
He's basically where the M&A started as there was talk of a potential JV at the time, the banks came suggesting that they could find sowething superior to that JV.
GLA