Member Info for mikey9997

I'll stick with the 4000% I've already made and 1000%s more I am going to make, thanks.

Offers and Firm Offers are different things JR. They may have had offers already, which is the
the reasoning for the appointment of DLA, the formal "firm offer" comes after. You don't appoint a solicitor to work through the sale proccess if you don't have some basis to start the "work". Including, multiple expressions of interest in the companies assets.

Haha. And I suppose the PGMs will spontaneously combust also?

Jr.. You do not appoint a solicitor for a specific legal action in case you need their services "eventually".
Interim RNS.
"DLA Piper on the legal side to work with the Company through the sale process. This strategic decision was the culmination of many years of hard work by our team in realising the value in our projects."

Jr, you must be absolutely mad if you think we are 6 months into the FSP and we haven't had any offers. There has been no formal "firm" offers yet, corrrect. Why do you think UBS has been appointed?

What are you guys talking about? The DFS is another piece of the puzzle that will get announced in the next week or so. EUA is not approving the DFS so it is out of their hands when it lands, their reasonable expectation was by end of the month, if it's a few days into Jan who cares. What matters is the FSP is continuing as that is where the immediate value for shareholders is going to arrive. Please gain a bit of perspective rather than begging for news because of the SP drip, all that can change in an instant.

Farm in agreements best suite companies that don't have cash or aren't financed. EUA is fully financed and will be bringing in revenue from the other mine so I expect that outright sale is more likely. If EUA did go it alone (the strong position we are able to negotiate from) The additional 25m Oz would not be required until EUA had scaled up to full production whereby EUA would be able to pay or finance any additional drilling quite easily.
This is not the stage a potential buyer would ever want EUA to reach, as the company would become FAR too expensive. Now is the time to be snapped up for the benefit of all IMO.

Looking forward to smelling some more burned JUBlets soon.

If there wasn't a good likelihood of a sale in the last 6 months then the BOD would have executed Sinosteel months ago and raking in hundreds of $M in a few years. You are right this cannot go on forever as eventually it becomes in the interests of the shareholders to go it alone, the fact that this has not been done after 6 months is very positive IMO as it means a bidding war or getting to the nitty gritty of a sale. All bodes very well despite how impatient some are getting.

The BOD won't lose any credibility if there is a slight delay on the DFS, although I hope not. It's not always in their control. The outcome of the FSP is however in the BODs control and after nearly 6 months without an execution of Sinosteel, we are getting close to D-day.

DFS soon. FSP 5 months in. Some investors getting impatient. Not much else to report. Sale announcement can come anytime and yet some think their feelings have an impact on the final outcome.

DFS will be great, FSP conclusion will be incredible.

Are definitely ones I will not be missing out on. Short term and Long term I am very comfortable with this investment. How are still hovering around £1B mcap with the potential of a mega sale or a mega profitable mine is beyond me.

I don't base any investment decision upon other people's impatience / panic or unconnected world events, only on fundamentals and the news that is presented to me from the company. Served me well so far.

Just waiting patiently here for those people that think their shares are worth 35p to leave... The BOD can tell me how much my shares are worth thanks.

We all know what happens when we change lanes because the traffic is moving slow in our lane :)

I find it funny how some people think that their own boredom has some influence upon the outcome of the sale. There won't be a sniff of good news as EUA BOD is a tight ship, it will just appear one day and you will have shares or you won't. GLA.

We can't even keep up with the Pd price. Up nearly 5% today. Our extraction costs remain the same so add those dollars to our profit margin. :)

"Eurasia owns and operates several open pit mines. West Kytlim is one of the lowest cost PGM producers with a significant palladium and rhodium content, and is the largest soft rock PGM mine in production globally. Monchetundra with flanks, the Company's area of exclusivity to which Eurasia is entitled pursuant to Russian sub-soil licensing laws, is a world class open pit deposit that has a palladium-rich PGM resource base of 15Moz (including the flanks) with a potential to increase to 40Moz (as announced on 4 December 2019), and is on track to start mining as one of the lowest cost open-pit miners in the world. Monchetundra is located 3km away from Severonickel, one of Norilsk Nickel's largest base metals and PGM processing facilities, near the town of Monchegorsk on the Kola Peninsula and is fully financed through to production via agreement with Sinosteel."

Platinum is showing some strength now up $200 since mid Nov. This company gets more and more valuable by the day.