Member Info for Mjd2020

By which I mean the 200 staff are for exploring and preparing the remaining license areas and further artic areas post asset sale and not for self mining?

The projected number of employees at 200 could be a clue as to what’s happening.

Federova Tundra is projecting 1200 jobs as they are building their own processing plant:

https://invest.nashsever51.ru/registry/investment-projects/2f7cb0d8-8e6a-4799-9a24-8d29d8b4d7d5

Do we know what the staffing requirements would be at MT in the event of self mining? I’m wondering why FT is 1200 as they will have 2 open pits and processing so in other words does the 200 staff figure suggest this would be for exploring and preparation only? Or is the lower staff number already suggested in previous presentations that I’ve missed?

Bitkogan isn’t panicking - he writes for a Russian audience about investing in general and while he’s positive on EUA these comments aren’t EUA specific or aimed at UK PI’s so does give a general perspective from the Russian investors side:

https://bitkogan.com/2021/12/07/?%EF%B8%8Fsankczii-v-otnoshenii-okruzheniya-putina-i-otklyuchenie-rossii-ot-swift/

Must be painful to see your deramps perish one by one TMS. RIP the why Russia would work with UK PIs backed EUA deramp, although this was one of the weaker deramps from the outset if you had actually understood the business. Sorry for your loss.

I’m not talking about everyone though 1sttimelucky, I’m talking about TMS. He’s upped his post count here as well as appearing on the #EUA Twitter search last week whereas he normally keeps himself in his safe zone over on the other board. Suggests an increase in deramp effort from normal patterns which as I say I found interesting.

I find it interesting that TMS is impatient for an update and has increased his post count here recently. If he believed that a no deal RNS was coming why not focus his on his next investment and check back in to do the I told you so routine when it landed? Maybe he’s not so sure of himself anymore and is looking to close his short before the next RNS which would be a shame although sensible.

Not sure if already posted - NN and Russian Platinum are moving ahead with the latest version of their JV:

https://im-mining.com/2021/12/02/norilsk-nickel-signs-new-contracts-provide-power-transportation-logistics-services-russian-platinums-chernogorskaya/

BIG LETTERS BEING TYPED BY TMS. THINGS MUST BE GETTING STRESSFUL FOR HIM.

Have you got any thoughts on the Fitch note that Lovelyboy posted here TMS? Is their analysis up to your standard?

Thanks for posting LB - Nice to be seen by Fitch as being one of the main players alongside NN and Polymetal and to have got this status as a “foreign” company is testimony to the work the BoD has been doing over the past 20 years. No mention of Federova Tundra either which puts the EUA mention into context as the deposit at FT is regarded locally as being one of Europe’s largest.

Well, the outcome can be what is referred to as a “Jubbing” and a description of the events is shown from page 6 of the latest filing “Liquidators Receipts and Payments”.

https://find-and-update.company-information.service.gov.uk/company/08803382/filing-history

It’s in the RNS’s Mr Stork. Not ludicrous, it’s just you didn’t read the information available to you properly:
Placement 1 (Single Institutional Investor)
53,306,751shares
Placement 2 (Institutional InvestorS) - 41,551,563 shares (reduced from a more sizeable offer)

A Stork with a short calling for an EUA sale update is a bit like an unsuspecting Turkey asking Bernard Matthews when he can check out of the Turkey Hotel this December.

Sounds like it may no all be doom and gloom out there today. Moderna can tweak their vaccine if needed and symptoms of the new variant reported to be mild in South Africa although they do have a young population. We’ll find out…er… shortly:

https://www.google.co.uk/amp/s/m.uk.investing.com/news/stock-market-news/european-stock-futures-higher-investors-reassess-omicron-variant-damage-2521732%3fampMode=1

In terms of the business case for the buyer, variants and further disruption are unfortunately a fact which will have had to have been factored into their modelling and I’d be surprised if this wasn’t the case even back when the May proposal was made.

I’m personally hopeful that the BoD, having continued to develop the operations side by employing JN, KN, developing WK and considering the Dual Listing have set themselves a deadline to either conclude the sale this winter or self mine.

That’s just my opinion as if the figures in the ACF report are anywhere near accurate then the opportunity cost of not getting to production if a sale was delayed is large, especially while state support is contingent on the state seeing a benefit from licensing out the right to mine it’s resources in the form of jobs and taxes.

So fingers crossed this winter is the one where the plans for MT are executed and brought closer into production - ideally by way of asset sale.

Very poor standard of deramping here from Neo****us. Very disappointing indeed. PD already has a role in hybrids and the amount required per vehicle and role of hybrids will only increase as standards are tightened and because the world needs all of EV, hydrogen and hybrid vehicles to make the green switch viable, not to mention the high standards required for ice vehicles which will continued to be manufactured in the near term:
https://www.google.co.uk/amp/s/www.nasdaq.com/articles/dont-sleep-on-platinum-and-palladium%3famp

It’s always good to hear when NN are paying dividends - there was talk about a tax being levied where dividends going back 5 exceed investments. Posted about this Potanin article a couple of months ago but am reposting in case anyone wants to read about the exiting world of tax from Potanin’s point of view and in case this added to the investment case for new asset purchases:

https://www.google.co.uk/amp/s/www.interfax.ru/amp/794251

Last paragraph:

“In addition to the growth of MET, the Ministry of Finance considered an increased income tax for companies whose dividends over the past five years have exceeded investments. If a retrospective income tax was introduced, Norilsk Nickel could receive the maximum possible rate of 30% (instead of the current 20%) due to the ratio of capex and dividends over the past five years, according to Boris Sinitsyn of Renaissance Capital. According to BCS estimates, the introduction of such a tax would primarily affect Norilsk Nickel, which would cost 15 to 20% of EBITDA.”

Not surprising that they are reporting as Interfax is a media partner for MOEX, and are a large Russian media outlet:

https://www.google.co.uk/amp/s/www.interfax.ru/amp/804481

ECONOMY
11:15, 23 November 2021
Eurasia Mining thinks about a secondary listing on the Moscow Exchange

Moscow. November 23rd. INTERFAX.RU - Eurasia Mining Plc, which owns licenses for platinum deposits in the Kola Peninsula and the Urals and is listed on AIM, is considering listing its shares on the Moscow Exchange, the company said.

The board of directors has been actively exploring the potential benefits of dual listing, including easier access to the company's shares for Russian investors, but a decision has not yet been made.

If necessary, the board of directors will make new statements to this effect. "While the directors see the benefits of dual listing, the priority is to implement our strategy as stated," said Eurasia Executive Chairman Christian Schaffalicki.

Eurasia has previously reported on preparations for the sale more than once. Eurasia Mining's board of directors received an offer to potentially acquire virtually all of the company's assets in May this year. At the same time, the council continues to consider proposals from other interested parties. A potential buyer of the company's assets has successfully completed due diligence, Eurasia Mining reported at the end of October.

In March, Eurasia Mining acquired a 75% stake in the junior company Rosgeo, which owns licenses for nine promising areas in the Murmansk region with reserves of 104.6 million platinum equivalent ounces at the GKZ.

Previously, Eurasia Mining attracted VTB Capital and China's CITIC to assess strategic options. One of the contenders for the purchase of the company was the South African Lesego Platinum.

Eurasia Mining is mining the Western Kytlym alluvial platinum deposit in the Sverdlovsk Region and is also the operator of the Monchetundra platinum group project, which includes two deposits.

Monchetundra's resources amount to 15 million ounces of platinoids with a growth potential of up to 40 million ounces, this project could become one of the lowest cost open pit mines in the world. Eurasia Mining has entered into an EPC contract for the development and launch of the field with the Chinese Sinosteel, which will ensure the attraction of project financing in the amount of $ 150 million. Monchetundra is located 3 km from Severonikel (Kola MMC Norilsk Nickel). The West Kytlym field has been producing since 2016.

Eurasia Mining Moscow Exchange

Same reason why we employed JN an KF - the buyer needs to know we can go alone to make sure they offer a price better than going alone. The fact they’re not going ahead with the dual listing suggests they don’t need to.

Nice they make it clear that it was a dual listing being considered and that the UK listing was to remain. I can only imagine what the prospectus would have shown in term of asset details, development plans etc.

In my opinion this would have been a great story for the Moscow Exchange and the authorities will be wanting MT to be in production without delay for jobs and taxes so I don’t think the BoD have taken the decision to shelf this idea lightly.

Sounds like the BoD still prefer the deal that they are already hammering out rather dual listing which I take as being very good news as I think a dual listing would have been successful too given the asset information which would have been disclosed during the launch.

And yet only 4.5 hrs ago you were complaining about not being able to buy more on HL.