Member Info for Monkey70

Down almost 6% on a meagre 4.5m volume. A good time to have a top-up if you have dry powder.

Did a small one myself yesterday. Nothing has changed. In to the end.

GLA.

A nice dilemma to have, Aston :)

You can always top-slice. Everyone's exposure here and financial situation is different. I would probably sell a quarter of my holding if it reaches a quid but that is just me.

GLA.

IMO, I feel a reasonable base valuation is twice the out-dated ACF report based on progress (flanks, DFS, etc) since it was commissioned, the bullish PGM medium-term trend, the demand for green energy, a potential bidding war for EUA (at least three non-binding offers).

Ultimately, we do not know the scope of what is in the ground - only the bidders.

I will be pretty disappointed if we sell the whole company for less than twice the outmoded ACF upper valuation (£1.20 per share). However, the BOD are smart cookies and know what they are doing plus, most importantly they know what we are worth. There is no doubt that they would have activated the SinoSteel contract and mine themselves if the offers were not well within their valuation of Eurasia.

I, along with many peeps on here, are confident the BOD will be extracting maximum value for shareholders (well, they would since they, collectively, own around 20% of the total).

The patient will be richly rewarded. Have a great weekend, all genuine investors.

GLA.

Eurasia is a significant part of the foundations in which a major (or most likely, a consortium of majors') can, in future, create an area to rival, or best, that of the Bushveld.

We hold a not insignificant key to this - underlined when Schaffalitzky stated that we have 'first mover advantage' or something along those lines in a RNS, I recall.

GLA.

Good evening, Ian. Hope you are keeping well!

Please could you record my latest (fourth, I believe, and hopefully the last!) for the FSP conclusion RNS for Friday 12th March.

Cheers.

Iain

Lancerman - I concur with your opinion here regards a consortium and any counter-bid would be contested in Court. The bidders have had plenty of time to put in their best offers. I am also fairly certain there is some wording in the contract that if anyone makes a counter-bid they would have to compensate the original winning bidder a certain sum - which, in effect, would cost them a lot more than just their offer. Uneconomical.

IMO, I believe it will be a consortium with partial state financial backing (Russian) but would not discount a Russian-Sino consortium deal either.

Cannot see what EUA have being owned by anyone other than the Russians (either wholly or with a majority interest). The MDA being set up aligns with this.

One day closer to conclusion. Patience will prevail :)

GLA.

It is a great time to top-up and add to your golden tickets.

Just found some wonga down the back of a sofa (yet again) and added 2,691 golden tickets to my princely assemblage.

'The stock market is a device to transfer wealth between the impatient and the patient' - don't forget old Warren's wise words.

Now back to watching paint dry :)

GLA.

"The Russian feasibility study on the NKT palladium dominant mine (within the boundaries of the Flanks License) gives 15% IRR at the palladium price of $659 per 1 oz, while the current palladium price stays above $2,000 per 1 oz due to long term structural deficit in the palladium market."

What is the IRR currently? Based on my rough and basic calculation it would be circa 55% based on $2400.

https://www.investopedia.com/terms/i/irr.asp

"For a good mining project the IRR needs to be at least 30-40% and some are much higher, but others are closer to the 20% which, in my view, indicates an only marginally attractive project...."

https://masterinvestor.co.uk/latest/how-to-value-junior-mining-stocks/

GLA

Aye, Mac.

I believe there will be a sliding scale - for example, the proven (2.2 Moz), the very likely (15.5 Moz) and the potential (the rest up to 40 Moz) reserves within the acreage EUA own and have exclusive rights to (including the 5km zones outside). AP possibly could have been working on the latter two (perhaps for the data room but my bet is NN).

It is very exciting how this is going to play out and I think the end is near :)

GLA.

Oh, I don't agree with outlandish figures but don't forget the magic Rhodium (plus some other REE's too) and the fact that we are the last kind of opportunity for a major miner to acquire. A potential bidding war.

Then there is the bullish trend of PGM's for the medium-term along with the scope of nickel and copper in the mining waste on the ground we own.

It certainly will not be £50 a share sale but we will be rather pleasantly surprised, IMO.

GLA.

Absolutely, Spitfire.

Our BOD will want to ensure we are getting fair value for what we have and the potential buyer(s) will want to ensure they are getting what they pay for.

The longer this goes on, the better the outcome, IMO - however, I do believe the FSP conclusion is close now.

GLA.

Looks like another attempt to weed out the impatient and jelly-legged by the MM's. Nice time to do a top-up if you have dry powder.

GLA.

Quiet today and the volume is weeny. Hopefully, the calm before the storm.

Made two small top ups yesterday and today in the 27's. Still in bargain territory in my eyes. Market don't know how to value us, as has been the case for eons.

GLA.

Aye. Funny how these closed shorts happen when the MM's drag the price down (laughs).

It is positive.

GLA.

I believe the whole purpose of Bed and ISA was to save having to pay two sets of fees but due to the fact any sale RNS can land any moment, you risk being out for 2-3 days and the SP may rise in that time so you end up with a lower number of shares when you buy back in. You may also be liable for CGT on what you sell too.

I have 35% of my EUA holding in a non-ISA and I, personally, won't risk being out for 2-3 days if there is no sale RNS by the end of this financial year.

Best thing to do is to speak to your broker, I guess.

Have a nice evening, all genuine investors.

GLA.

Nice one. Added 32k @ an average of 23.7p in February alone.

Keep the faith. GLA.

“Throughout all my years of investing I've found that the big money was never made in the buying or the selling. The big money was made in the waiting.” - Jessie Livermore

GLA.

Mac - Do we have any figures to work off to guestimate how much Rhodium there could be? Be very interesting :)

A tad of blue does wonders for the soul.

GLA.

For years, been planning on getting a 40 ft motor cruiser and having her moored in Marina Rubicon in Lanzarote. Spend my winters there (good for the blasted arthritis) and sail around the islands.

As soon as the lockdown is over I will be heading to Southampton to do my RYA courses.

Don't hesitate to chase your dreams - just do it. Life is too short.

Nice to see a tad of blue today. GLA.

Managed a top-up of 10,413 @ exactly 22p a moment ago.

Keeping a little dry powder behind in case the SP drops. Really feel this is the bottom as II's bought in here ($10m) and there is no reason for the drop other than sentiment and, possibly, rainbow chasers.

GLA.