Member Info for Mjd2020

I’m happy with how that went.

Loan for KK being due to their seasonality. To me this suggests they will start production again on one level or another.

Kaz listing is a short term goal. Can’t comment on strategic investor until transaction completes.

To me it sounds like they’ll press in with Kaz and if a better offer comes before then they’ll review it.

Obviously there are risks outside of their control along the way and the war has already damaged the SP but he thinks the assets are worth more than the current SP.

2 x company makers in NKT and MT and Sino remains available to EUA or a buyer.

Note - CS confirmed that ESSAR is indeed a “spurious link”.

I imagine it may have went like this:

👑: Look now DS, the NOMAD says you gotta stick to RNS info. Can you promise me you’ll stick to the RNS info now.?

💰: Well, ur, right…as a former director of the company, I think I can say…

👑: NO, NO, NO. Will you stick to the RNS info.?

💰: Well, er…

👑: YES OR F**CKING NO?

💰: Truthfully, maybe no.

That’s a shame, I was looking forward to seeing CS’s facial contortions if DS started going off piste. I wonder if the plan changed or was he just listed in error. All adds to the enigma.

I’m with Halifax, there’s no button option to vote there either but historically all I’ve needed to do is ask them to vote for me through the share chat so might be the same with other providers.

Great to see DS there. Also AM as well as KK further down the list. Should be good. Bet CS will have special button to mute DS if he says too much.🍿

Due to the nature of the RNS’s, there are things CS could expand on without necessarily requiring another RNS:

Why Kaz for the listing, what demand do they expect from investors, what marketing will be done or has been done

Timescales, when will shares be traded there

Strategic investor - is this conceptual or is there an actual investor in discussion

MBO - who of the management would be part of this, would DS be part of it

On the flip side, it might be a non event where he offers very little other than explaining what the negative implications of not voting for would be.

On the plus side my plans have changed this week so will be able to log on and see what the man himself has to say.

No obvious impact on EUA but change at the top is sometimes of interest and this new guy likely knows EUA from his previous work.

Section of Oleg’s past work:

Kazanov in 1996-2003 - a teacher at St. Petersburg State University, in 2004-2008 he worked at KMGC (Bema Gold), in 2009-2016 - chief geologist of JSC "Central-Kola Expedition", in 2017-2019 he was the chief geologist of VIMS, since 2020 he has headed this organization.

Old Central Kola Expedition webpage detailing some work done at MT:

https://geokola.com/proekty/

Let’s hope there’s some big balls Kazakhstan potassium or similar tycoon that decides to dip his toe with a few million and this triggers a renaissance in the SP.

Looks like it’s the same shares Magnum but I wouldn’t rely on my googling and interpretation - the presentation gives an opportunity for CS to clarify the plans and rationale:

https://fmi.online/differences-between-dual-listing-depositary-receipts-and-secondary-listing/?v=79cba1185463

The driver for doing this being marketability so be interesting to see how the comms flow continues and what the take up is when the shares are listed.

Could be positive if there is interest from large investors over there.

It’s a Reach RNS MikeC007. 23rd Oct - I have a work commitment that day 🤦

https://www.londonstockexchange.com/news-article/EUA/investor-webinar-for-retail-shareholders/16718784

Hi OSF, I also thought it was a dual listing yesterday but reading again CS says “secondary” listing.

I don’t understand the difference between the two other than the secondary route is less costly to put in place and would require for the primary listing to be maintained. I could be wrong or the BoDs plans may change in the future.

He’s clearly telling us that EUA 2 Space Mining is about to be launched on planet LV-426, one of three known moons orbiting the planet Calpamos, located in the Zeta II Reticuli system, 39 light-years from Earth. What could possibly go wrong.

I didn’t mention Anna.

Fair point on buying the product. Essar got into difficulty previously and Essar 2 is described as “asset-light and investor-led business model and emerge as a zero-debt conglomerate”.

That doesn’t rule Essar playing some part in EUA’s fate, perhaps a Russian operator with an offtake fits more closely with the scenarios mentioned in the recent RNSs?

I don’t think I’ve created a spurious link or imagined an association by asking if the below is a live role for someone who is on our board and is involved in the sale process.

If anything I’m asking why no obvious signs of any interest from Essar if AM does work there given their potential interest in mining for battery metals and metals used in solar.

If anyone knows how to check when web pages were updated that might shed some light.

Artem Matyushok currently serves as Senior Managing Director – Strategy and Business Development at Essar Capital. Artem has served as senior executive with major natural resource companies and has 20+ years of 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 has done his Masters in Finance from Northern Kentucky University, holds PhD in Economics, is CIMA (UK) qualified as well as a former Shell alumni. While working at Shell he obtained project management and execution skills as well as strong standards in corporate governance. During his commercial carrier he executed over $100bn worth of high profile M&A transactions. He continues to advise companies’ Boards on Decarbonisation initiatives, Energy Transition and brings in-depth knowledge of the Hydrogen economy and its application, particularly in Metals & Mining sector.

https://www.essar.com/us/leadership/

Same here. Eager to see this presentation that’s been mentioned and would like to know what AM, TA and KK have been doing.

Thanks GM402, I don’t know why but I thought he was ex Essar for some reason. Seems odd that we have a director who has a role in the sale process who is also listed as working at Essar who are said to be interested in mining and hydrogen and our RNSs point towards a possible dual list or sale to local management.

Apparently setting up a green hydrogen plant in India.

Interestingly it also says:

“It is also considering an entry into mining of critical minerals, mainly used in electric vehicle batteries, solar panels and wind-turbine magnets.”

Release is from June this year.

https://www.essar.com/inthenews/essar-to-invest-rs-30000-cr-in-green-hydrogen-plant-in-gujarat/

Also, does anyone know when Artem left Essar as he profile is showing here?

https://www.essar.com/us/leadership/

Sounds like it’s “The Finalisation Countdown”

🇪🇺 🎹 🎤 🎸 🤘

It’s been 4 weeks since CS used the word “shortly” in relation to when AGM news would be given.

They may well be waiting for the case to be done before holding the AGM but if so, it’s a bit of an own goal for CS to use the word “shortly” again. ⏳⌛️

The slight rise might be because The Motley Fool has a piece advising they wouldn’t buy EUA right now which is normally a buy signal.