Member Info for mac4671

Perhaps they hit a bonanza grade area, not sure if we have something which may point to that, let me think -

Eurasia Mining
@eurasiamining
·
Aug 24, 2021
#EUA #PGM - The nugget contains 4PGM #platinum, #palladium, #iridium and #rhodium, as well as #gold - all of which recovered at the Ekaterinburg precious metal refinery

https://twitter.com/eurasiamining/status/1430124271142113284?s=20&t=rAE3k2Dyy-0peO3buOflOw

Hoe high have Rhodium prices been, come on, think about it! Even iridium was up at a very strong price at one point, i've not checked where it currently sits.

GLA

They also had three washplants running last season didn't they, why do people appear to want to ignore that very relevant fact. The very first season with 3 plants running. As it states, 80% of NET INCOME. I did not write it, that is how the information is within the relevant Jan RNS.

GLA

It's for the accounting period Sbrace, it only covers things within the accounting period, no assets have been sold yet -

"The purpose of the Policy is to provide a high degree of transparency to Eurasia shareholders and other interested parties as regards the calculation of the dividend amount and to explain the principles applied by the Board for the preparation of the recommendation to the Company general meeting on the dividend amount.

The Board established that the target dividend amount shall be at least 80% of the Company's adjusted net income (calculated as described in the Policy)."

As highlighted numerous times now, you vote on dividends for the AGM:

"What Is an Annual General Meeting (AGM)?
An annual general meeting (AGM) is a yearly gathering of a company's interested shareholders. At an AGM, the directors of the company present an annual report containing information for shareholders about the company's performance and strategy.

Shareholders with voting rights vote on current issues, such as appointments to the company's board of directors, executive compensation, dividend payments, and the selection of auditors."

https://www.investopedia.com/terms/a/agm.asp

Do people not thing that production numbers will fall under performance? - "company's performance and strategy."

Sometimes you feel like you provide this stuff fairly pointlessly, put it right in front of people and they just point blank refuse to read and accept what is written.

GLA

No Sbrace, it specifically states 80% of net income, nowhere does it mention asset sales.

GLA

In all scenarios we'll find out at the AGM.

GLA

80% of net income -

"The Board established that the target dividend amount shall be at least 80% of the Company's adjusted net income (calculated as described in the Policy)."

It's a UK shell, their accounting period will be -

"The tax year runs from 6 April to 5 April the following year. For example, if you make your annual accounts up to 31 December each year, your profits to 31 December 2021 are used in your 2021-22 tax return (for the year to 5 April 2022)."

No asset has been sold yet, so, can only pertain to net income from production.

GLA

That's just an opinion CAW, i've shown you how standard dividends from income are voted on at AGM's. It's standard practice.

"In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.

Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income (also depending on UK and US usage), net earnings and net profit are commonly found as synonyms for net income. Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is informally called the bottom line because it is typically found on the last line of a company's income statement (a related term is top line, meaning revenue, which forms the first line of the account statement)."

GLA

It's basically why no production figures for last season have been released so far, it is all to be dealt with at the AGM, they'll release all of that kind of info for the AGM from this year forward, hence the Jan update about the dividends from net income -

"What Is an Annual General Meeting (AGM)?
An annual general meeting (AGM) is a yearly gathering of a company's interested shareholders. At an AGM, the directors of the company present an annual report containing information for shareholders about the company's performance and strategy.

Shareholders with voting rights vote on current issues, such as appointments to the company's board of directors, executive compensation, dividend payments, and the selection of auditors."

https://www.investopedia.com/terms/a/agm.asp

I hope that makes sense, it's all very straight forward to myself.

GLA

80% of net income, no one knows what the net income of last season was -

"The Board established that the target dividend amount shall be at least 80% of the Company's adjusted net income (calculated as described in the Policy)."

The AGM will tell us, that's what it's for!

GLA

Production dividends are AGM CAW, that's standard practice. EGM would cover special one from asset sales.

GLA

If you buy shares you should really know this kind of thing already tbh -

"What Is an Annual General Meeting (AGM)?
An annual general meeting (AGM) is a yearly gathering of a company's interested shareholders. At an AGM, the directors of the company present an annual report containing information for shareholders about the company's performance and strategy.

Shareholders with voting rights vote on current issues, such as appointments to the company's board of directors, executive compensation, dividend payments, and the selection of auditors."

https://www.investopedia.com/terms/a/agm.asp

It's all pretty standard stuff, nothing was needed prior to this year as they had not made enough to pay one!

GLA

Not really Sbrace, they've told everyone it is going to be something recommended at the AGM, it's there in black and white. You only need to figure out the AGM window from that point, it's very transparent -

"preparation of the recommendation to the Company general meeting on the dividend amount."

AGM - Annual General Meeting

GLA

May or June time the figures will land imo, 2020 was a duff due to the suspension at the time. 2021 and 2019 is what we have to go off realistically, so, AGM and voting on dividends isn't that far away either tbh -

15th May 2019 7:00 am RNS Annual Report and Accounts

GLA

Ref figures that some appear to be getting impatient about. Remember, something changed this year -

"The purpose of the Policy is to provide a high degree of transparency to Eurasia shareholders and other interested parties as regards the calculation of the dividend amount and to explain the principles applied by the Board for the preparation of the recommendation to the Company general meeting on the dividend amount."

I believe that means that any dividends from production will be put to us to vote on with our usual AGM, that lands June time -

"4th Jun 2021 4:43 pm RNS Notification of AGM & publication of Annual Report"

GLA

They've also got this to take advantage of potentially, they can keep exploring and expanding:

Rosgeo proposes extending preferential taxation to all geological exploration through 2024 -

MOSCOW. March 30 (Interfax) - State exploration holding RosGeo has proposed introducing preferential taxation for geological exploration works through 2024, according to a letter seen by Interfax which the holding sent to the Economic Development Ministry.

It is expected that the introduction of preferences similar to those provided for offshore exploration [application of a multiplying coefficient of 1.5 when calculating costs, reducing profit tax payments] will stimulate investment in exploration and help ensure the stability of exploration companies amid sanctions pressure.

In regards to entities engaged in subsoil exploration and prospecting, RosGeo also considers it necessary to clarify the procedure for accounting for expenses for the development of natural resources, consolidation of the tax base for junior projects, and consolidation of expenses incurred at one field and the financial result obtained at another field. At the same time, the company proposes that deferrals of profit tax be granted until the moment of production. . . . .

https://interfax.com/newsroom/top-stories/77617/

GLA

That's it Ohmni. When the thaw happens everything defrosts, that includes the washplants which they'll have to service etc prior to getting them fully operational, they've sat for a few months by this point. It's all prep work they have to do prior to the processing season starting over there. It will all happen in time, seeing the larger evident ground workings starting to take place, suggests that they are expecting the same as i am from that weather forecast of late, that things will be ready thaw wise at some point over the next few weeks.

We don't know if they're adding more washplants yet, the draglines will make the mining far more efficient so they may well add, we'll see. Even a full season with 3 plants and draglines should be a pretty good one if i'm honest.

GLA

"All that said it'd be nice to receive a general operations update specifically for WK. I want to know how those wash plants are doing and if dragline is on site or a time frame for such an improvement to be in place." -Give the thaw time, the temperatures are only just beginning to turn now, couple of weeks time and it should hopefully be starting to settle in constant positive day time temperatures, allowing the snow to melt and the running water to happen which is needed for ore processing and the washplants to begin operating. It will all happen in time, the R1EX twitter link shows us all what prep work is taking place on the run up to the processing season starting.

GLA

*Walter Bloomberg
@DeItaone
RUSSIA'S LAVROV SAYS RUSSIA IS PREPARING A RESPONSE TO UKRAINE'S PROPOSALS, THERE IS MOVEMENT FORWARD - IFX
10:23 AM · Apr 1, 2022·TweetDeck

https://twitter.com/DeItaone/status/1509823744033931273?s=20&t=jt-QveqqgT4VGdC6Lgp8mA

GLA

There's no positive spin, the prep work is just that, the prep work. All clearly visible to anyone with a set of eyes, people do still have those these days don't they?

GLA

One quick check of Beanface's posting history and you fully understand what he's about. 'Captain Negative' on all shares he posts on. That one's now green binned as well!

Toodles!

GLA