Member Info for mac4671

Indeed, sandy beaches and Margarita's is how he should spend his time after a lifetime dedicated to mineral exploration.

An expert in his field, like the many other experts working at Eurasia.

I'm looking forward to having a private toast to his retirement when the time comes.

GLA

Indeed, so 7 will have to put at us again. It's the old strengthened negotiating position that they're needed for.

It's a shame that people voted against, they've only shot themselves in the foot without realising.

GLA

"Assets sale seems less lucrative now, BOD needs to put up Company on Sale" - That's incorrect, the asset sale will always be the most lucrative due to how assets are valued using the discounted cash flow valuation method. It is low extraction cost and the same metal sale value cost compared to global peers.

GLA

Everything else is just legal noise tbh, that is the only part real investors need to focus on.

We're in to the 2nd half of the critical year.

It's a very easy wait now that the DFS is done and accepted, even easier than it was before ;)

GLA

Oh, and BRICS is only set to exponentially grow at this stage. Increasing Eurasia's potential target customer base by quite a large amount -

"22 Countries Apply for BRICS Membership"

https://bnn.network/breaking-news/foreign-affairs/22-countries-apply-for-brics-membership/

If you think Eurasia will struggle to find customers or an arena to thrive, think again!

GLA

Tata is Indian, indeed BRICS as per my post the other day. Both UK supply lines are BRICS, Sunderland Nissan is Chinese, Land Rover will be Indian.

There is no equation where BRICS is not involved currently, it's an impossible feat to achieve at this point of the green energy revolution.

Lithium may well arrive from Cornwall at some stage, but, that will be a while from now i bet.

GLA

The supply line to the Sunderland plant is Chinese -

https://www.envision-group.com/

"Envision Energy is a Chinese multinational corporation headquartered in Shanghai that provides wind turbines and energy management software. Envision has long-term strategic cooperations in the area of battery manufacturing with Renault, Nissan, Daimler and Honda"

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

India will supply Land Rover -

"India's Tata chooses UK for $5 bln Jaguar Land Rover gigafactory"

https://www.reuters.com/business/autos-transportation/tata-picks-britain-new-ev-battery-plant-2023-07-19/

Both will be BRIC's lol

GLA

"Spoke to my Admin mate, got Scuba/CTC banned for a little while. Enjoy the peace." - Beautiful work, nicely done!

GLA

That, for the benefit of the not so clever ones, means that there is indeed plenty of evidence -

"With the completion of the Monchetundra DFS, the two open pit mines, with their related plant and facilities, are ready for construction work to commence. While we have an EPCF agreement with Sinosteel in place, the Board does not believe it is appropriate to commence construction immediately due to the ongoing sale process of its Russian assets. It is expected that counterparties will have their own plans for future development, and it is important to leave such options open"

It quite clearly does not say the 'just because process' now does it lol

GLA

It just sounds like an admin error tbh. It's good that people spotted it however.

We'll just have to wait for the RNS to drop to confirm it.

It won't take long for the drop to happen if it has just been what looks like an innocent admin error which was quickly rectified, we'll see soon no doubt.

GLA

No RNS released. They have to release an RNS first, then make their social media posts.

That will potentially be the reason it was deleted.

GLA

Taking assets in to production, or, to DFS with accompanying EPCF contract stage and then negotiating the potential sale of the assets.

There, fixed it for you cupcake!

GLA

And all for our green box friends -

"With the completion of the Monchetundra DFS, the two open pit mines, with their related plant and facilities, are ready for construction work to commence. While we have an EPCF agreement with Sinosteel in place, the Board does not believe it is appropriate to commence construction immediately due to the ongoing sale process of its Russian assets. It is expected that counterparties will have their own plans for future development, and it is important to leave such options open."

A special word for them - counterparties

It's a special word given the journey that Eurasia decided to embark on, why?, well, here -

"counterparty

noun

plural noun: counterparties

an opposite party in a contract or financial transaction."

For them to use it there has to be an opposite party in the financial transaction, absolutely marvellous, right? ;)

Lots of love and a big kiss from

MAC X

GLA

Matrix failed at LSE, failed at Twitter and now looks to be going for another fail at LSE. Some people are just suckers for punishment hahaha

GLA

All very easily done because the H2Transition Capital founder is very much still on Eurasia's BOD -

"Since then, he founded H2Transition Capital Fund headquartered in the UK with a focus on ESG investments and in particular on hydrogen value chain projects" :

"ARTEM MATYUSHOK

Independent Non-executive Director

Artem has served in senior Mergers and Acquisitions roles with major resource companies and has amassed 20+ years’ experience in the Energy & Natural Resources sector ranging from the start-up operational environment to the corporate division of a major FTSE 100 company. Artem is PhD in Economics and CIMA (UK) qualified and is a former Shell alumni. Throughout his career he executed numerous high profile M&A transactions with total value in excess of $100bn. Since then, he founded H2Transition Capital Fund headquartered in the UK with a focus on ESG investments and in particular on hydrogen value chain projects. He continues to advise companies Board's on Energy Transition initiatives. Artem brings in-depth knowledge of the Hydrogen economy to the Company."

Location would appear to be the only real thing changing with EUA V.2.0 imho. The direction in to the Hydrogen market remains very much the same.

GLA

"Makes sense to dissolve the JV if we're not going to pursue hydrogen in Russia." - The initial JV with H4Energy yes, then set up the new business vehicle for Hydrogen outside of Russia -

"H4Energy is under management of H2Transition Capital founded by ex-Shell energy transformation team members (in alphabetic order)"

H2Transition Capital will simply create the new business vehicle for Hydrogen outside of Russia imho, then, one would assume a new JV set up for the task to replace the initial proposition and to cover the new company direction -

"In terms of the future development of Eurasia Mining PLC, we continue to look at expanding the business in various ways, including the development of hydrogen projects outside of Russia coupled with new mining opportunities in investment friendly jurisdictions. The Company remains committed to the continued sale of its assets in Russia."

GLA

Found by Richard on twitter, H4Energy (JV partner for Russian green Hydrogen and Ammonia) is being closed down -

https://twitter.com/RichardDugdale3/status/1679785162572218369?s=20

Now, this doesn't mean a new buyer is at the table as per the tweet, it simply means that H2 Transition Capital requires a new business vehicle for the planned Hydrogen outside of Russia. It is a structural change to our current JV, so, news should arrive in some form soon about the change at least -

As per our recent RNS : "In terms of the future development of Eurasia Mining PLC, we continue to look at expanding the business in various ways, including the development of hydrogen projects outside of Russia coupled with new mining opportunities in investment friendly jurisdictions. The Company remains committed to the continued sale of its assets in Russia."

See this RNS for the JV structure which is quite clearly being changed to fit the present geopolitical situation -

https://www.lse.co.uk/rns/EUA/hydrogen-and-ammonia-strategy-7govnm7zitkyfz5.html

GLA

See this RNS for the JV structure which is quite clearly being changed to fit the present geopolitical situation -

https://www.lse.co.uk/rns/EUA/hydrogen-and-ammonia-strategy-7govnm7zitkyfz5.html

GLA

Found by Richard on twitter, H4Energy (JV partner for Russian green Hydrogen and Ammonia) is being closed down -

https://twitter.com/RichardDugdale3/status/1679785162572218369?s=20

Now, this doesn't mean a new buyer is at the table as per the tweet, it simply means that H2 Transition Capital requires a new business vehicle for the planned Hydrogen outside of Russia. It is a structural change to our current JV, so, news should arrive in some form soon about the change at least -

As per our recent RNS : "In terms of the future development of Eurasia Mining PLC, we continue to look at expanding the business in various ways, including the development of hydrogen projects outside of Russia coupled with new mining opportunities in investment friendly jurisdictions. The Company remains committed to the continued sale of its assets in Russia."

GLA

I'm literally just posting this to mock the children's playground style accusations which go on lol

GLA