Member Info for Mjd2020

Be interesting to see if anything happens in March, assuming Q&M get their share certificates.

Might become interesting to see if he gets the 100k sigs needed to stand in the election.

I’m not saying he has a chance or even if he’s a genuinely independent candidate but he’s out there and has around 80k sigs so far. His progress could be a barometer of public opinion at least.

Just when I was wondering if another dimension of bonkers-ness could exist on the eua bb…

Peterfal mentioned this MoU between Saudi Arabia and Russia a couple of days ago which the below says “involves geology”. Be good to know what that entails.

https://www.mining.com/saudi-arabia-signs-mining-deals-with-four-nations/

No mention of Saudi in relation to EUA but they seem to be looking outside of the country too.

“As part of its push to diversify away from fossil fuels, Saudi Arabia has also established investment fund Manara Minerals, a joint venture between Ma’aden and the Public Investment Fund (PIF), to buy assets overseas.”

Can’t be bad if more parties are looking for assets whether they be in Russia or not given the limited number of targets worldwide.

Always good when an RNS preamble starts off with the word “delighted”. Good work from the management team and Pepeliaev Group.

Interesting! Possibly they announced it here Peterfal?

https://www.futuremineralsforum.com/exhibition/

Looks to be a big event.

Head of Russian Direct Investment Fund also looking to set up a BRICS+ fund to aid international cooperation in developing mineral supply chains announced at the event.

https://www.interfax.ru/business/939618

Morning all. Couple of links that may be of interest…

For unfriendly business, the conditions of the "exit ticket" will not be changed yet. 15% seems to be the aim but DYOR.

https://www.interfax.ru/russia/939418

Also, I hadn’t heard of this company before but Fix Price Plc is listed on LSE and MOEX. It’s Russian sub has been given permission to pay dividends to its Cypriot entity subject to certain KPIs so they are looking at how they can pay dividends to shareholders.

https://ir.fix-price.com/upload/iblock/ece/3jr7p7ufp7zamsma5cvsj6v5i9cmibg4/Press Release_Gov. permission_10Jan2024_eng.pdf

Little reference to mining ⛏:

Moscow. December 19. INTERFAX.RU - Russia welcomes the activity of Chinese business in the Russian market, sees additional opportunities for cooperation, Russian Prime Minister Mikhail Mishustin said at the 28th regular meeting of the heads of government of Russia and China.

According to him, bilateral investment cooperation is steadily expanding. "Over the past 10 years, RDIF has made a significant contribution to this, more than 40 joint initiatives with Chinese partners have been implemented. We are also launching new projects - in the automotive industry, in the mining and gas chemical sectors," said the prime minister.

"Today, additional opportunities are opening up for such cooperation, and we welcome the activity of Chinese business in the Russian market," the head of the Russian government added.

According to him, the volume of Russian energy exports to China is steadily increasing. "New large-scale initiatives in the energy sector are being worked out," he stressed.

Mishustin called the transport and logistics sector promising, where "there is a very good dynamics - freight traffic through checkpoints has significantly increased, passenger traffic is being restored." "We also see great potential in high-tech industries, including digital solutions, space, science, technology, innovation," Mishustin said.

https://www.interfax.ru/russia/936965

“Try spending a released tax provision at Tescos and do tell us how you get on”

Don’t think they have a Tesco’s in Sverdlovsk.

They have a supermarket called Yeliseyevskiy which has some good reviews on google though. Good selection of baked goods and a cafe on the second floor apparently. DYOR.

I was thinking the same, this could be very important news. Maybe they are assessing the impact in terms of do they now reconsider the decision not to produce in 2024, will they now sell the concentrate, are they in active discussions with a buyer for WK who can now remodel the potential value of the asset?

Any or none of the above could happen but you’d think having gone to the trouble of getting the decision which has taken many months that something will happen and once news is material is should be RNS’d.

Sounds like a great result on the tax case and could lead on to further positive news.

Be worth keeping an eye out for some press on this case in the next few days / weeks. BellaStar posted an article by this tax lawyer back in November who may do a follow up:

https://zakon.ru/blog/2023/11/07/novyj_podhod_po_voprosam_nalogooblozheniya_metallov_platinovoj_gruppy_101905

Ha ha. This from EIE01 made me laugh that’s all:

Just send Toffers over there, she can bore them to death with her endless nonsense

🇷🇺: Ok we are on your borders. Your situation is hopeless. What are your terms.

🇪🇺: We are sending our envoy.

👩‍💼: This post has been filtered. Please adjust your filter settings to view.

👩‍💼: This post has been filtered. Please adjust your filter settings to view.

👩‍💼: This post has been filtered. Please adjust your filter settings to view.

👩‍💼: This post has been filtered. Please adjust your filter settings to view.

🇷🇺: Ok. We are leaving now. Good luck.

🇪🇺: Please help us.

🇷🇺: Condolences.

Maybe Keith told CS: “With all due respect, you F’in said hopeful for end of year so you F’in answer the F’in phones because I’ll be F’d if I’m F’in doing it”.

And then CS said “Ok Keith we’ll get Yellow Jersey to do it”.

Metallurgy companies mentioned among other sectors that are planning IPOs in 2024.

https://www.interfax.ru/business/935309

Obviously EUA is not CURRENTLY exploring a dual listing on MOEX.

Potential buyers might want to consider the reason why EUA didn’t proceed with a dual listing in 2021:

“The Board has actively explored the potential benefits of a Dual Listing, including provision of an opportunity for Russian investors to have easier access to a facility for the trading of shares in the Company, but no decision has been made yet.

The Company will make a further announcement, when appropriate.

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "While the Directors see the benefits of a Dual Listing, our priority is to execute on our strategy as announced".

Maybe yesterday’s note on MOEX is a reminder as to how EUA might proceed if no acceptable offer is made within the timescales set out in terms of cash runway.

Possible line in the sand date in Q1, then possible U turn re MOEX if no acceptable offer by then. If not why bother mentioning MOEX at all?

Cash till the end of Q1 if the concentrate isn’t sold. Possibly the buyer for the assets hasn’t progressed knowing that cash levels are low. Maybe the unprompted mention of MOEX (not currently considering a dual listing) is to suggest we could dual list if needed in an attempt to draw out an acceptable offer.

But strange to advise no production in 2024 - how does not producing make something sale ready as opposed to buyers seeing a working operation and why make this decision now with the tax case pending?

Hopefully there will be a further update when the tax case is resolved. Strange timing for this one but must be reasons for these updates being made now.

Might see more press after Putin’s visit.

ECONOMICS

12:09, december 6, 2023

The head of the RDIF noted the attractiveness of the Russian economy in 2023 for foreign investments

Moscow. December 6. INTERFAX.RU - The growth of the Russian economy in 2023 increases the country's attractiveness for foreign investment, said Kirill Dmitriev, CEO of the Russian Direct Investment Fund. He told this to journalists "on the sidelines" of President Vladimir Putin's visit to the UAE and Saudi Arabia.

"We see that the Russian economy has performed very well this year, no one believed that the growth would be 3%. This is certainly the most important and powerful growth indicator, it is the basis for the fact that investors will continue to actively invest in Russia - the Emirates, Saudi Arabia, and other Gulf countries," Dmitriev said.

According to him, the investments of the UAE and Saudi Arabia "are an important example for other countries, which will also increase, we expect, in the next few years."

The head of the RDIF called Putin's current visit "a very important trip at a very important time" and added that the topic of mutual investment will be high on the agenda of the visit.

"We see that we will invest together, we will work together with the countries of the global South on a creative agenda, on an agenda that unites our efforts. Of course, the fact that we can sit down and discuss our successes in infrastructure, high technologies - this provides a very good basis for our cooperation on both OPEC+ and other important stories for us," he stressed.

Dmitriev also said that RDIF intends to attract another 1 trillion rubles of investment from Saudi Arabia in the next two years.

https://www.interfax.ru/business/934887

Summit is in the UAE - not a bad place to be promoting Pd in terms of it may be if interest to local investors / funds.

Long article to paste but covers prospects for continuing relevance of Pd in catalytic converters but also in hydrogen production, solar and early research on superconductors amongst other areas NN are researching.

https://www.interfax.ru/business/934812

FWIW:

IN RUSSIA

12:09, december 4, 2023

The list of reference cities and areas for the development of the Arctic has been approved

Moscow. December 4. INTERFAX.RU - The Russian government has approved the list of reference settlements in the Arctic zone of the Russian Federation, which will become the basis for the implementation of economic and infrastructure projects, according to the website of the Cabinet of Ministers.

"The government continues to work to ensure the accelerated socio-economic development of the Arctic zone of Russia. An order was signed to approve the list of reference settlements in the Arctic, which will become the basis for the implementation of economic and infrastructure projects," the message reads.

The list includes 16 agglomerations located in nine regions belonging to the Arctic zone of the Russian Federation: Kemsko-White Sea (Karelia), Vorkuta (Komi), Tiksi-Naiba (Yakutia), Norilsk-Dudinka, Dixon and Igarka (all - Krasnoyarsk Krasnoyarsk Krai), Arkhangelsk (Arkhangelsk region), Murmansk, Kirov-Apatitskaya and Monchegorsk (all - Murmansk region), Naryan-Mar (Nenets Autonomous Okrug), Pevek and Anadyr (Chukotka Autonomous Okrug), New Urengoy, Salekhard-Labytnangi and Noyabrsk (Ya-Nex Autonomous Okrug).

For example, as part of the Murmansk agglomeration, the cities of Murmansk and Severomorsk, as well as the Kola municipal district became strongholds. The Arkhangelsk agglomeration includes Arkhangelsk, Severodvinsk and Novodvinsk.

"Some of these settlements, located near mineral deposits, will become the basis for the development of mineral resource centers that ensure the development of the metallurgical industry. Priority investment projects, such as the creation of logistics centers, will be implemented in other cities and districts," the report says.

It is planned that in the near future long-term plans for integrated socio-economic development will be approved for the agglomerations included in the list.

https://www.interfax.ru/russia/934518