Member Info for Monkey70

'Owner operated with 100% of revenue payable to EUA'?

https://www.eurasiamining.co.uk/operations/west-kytlim

Aye, J4ams - noted.

Here is mine that I posted on 12 Nov:

My ultra conservatively reworked calculation:

Average prospective sale of 20m ounces = 20,000,000 x $2300 = $46bn (used $2300 here as being ultra conservative)
$46bn ÷ 3.2bn shares (including the unused warrants and whatnot) = $14.38 per share.
Add an unrealistic discount of 85% = $2.16 USD
Take away 15% (we own 80% of MT but 100% of WK) = $1.84
Apply the exchange rate and we get £1.42 per share.

This would be for full sale of MT and WK. VT would be kept and explored before being sold, ideally. I have not included the Semonovsky tailings. Nor the REE's or mining waste that can be recycled (nickel and copper).

GLA.

Don't forget to add the REE's especially Rhodium, which I believe is around $16k an ounce at present, J4ams ;)

GLA.

If that isn't a cryptic hint from NN, I don't know what is.

Where is there another PGM play that is rich in Pd and Pt that is for sale/going to be put up for sale in the world with those kind of resources?

I like Hawkspear's view that it could have been a done deal (when DLA Piper were appointed back in September) with NN but the Chinese made a counter bid (would explain the NN bit removed from the subsequent RNS's). This is just IMO.

GLA.

Been busy (and stressed) with a house move but the upward trajectory of EUA is a fine tonic.

Treasure Island is not very far off.

GLA.

Maximus - This is why there is a green coffin tab up there. It is a godsend and is instrumental in filtering the 'drivel' you mention.

Onwards and upwards.

GLA.

JCL - 'Misinterpretation is the most deadly of human sins.' Lester del Rey

;)

RMR - Chasing rainbows, unicorns and fairies elsewhere :)

A Sino-Russian JV is a plausible possibility especially since they are close friends and China is cash-rich.

This, IMO, is certainly leading up to what the crew have trained for, all these long weeks - avid rowing at ramming speed.

We will do you proud, Captain, and earn our triple rums :)

GLA.

ThirdRock - I've read your posting history and you have a habit of saying you are a holder but urge caution in most of your posts. This to me, is a subtle attempt to instil doubt and fear amongst your fellow investors.

You say you got in at around 3p yet your first post (during suspension was one of wary caution and you even suggested people could not get their money back).

Not buying it, man. Sorry, green coffin for you for me.

GLA.

DLA Piper would have been brought in to finalise the deal. Emphasis here on 'finalise'.

"..and the longer it goes on the more nervous many are becoming." Are the 'many' you are referring to here the jelly-legs and rainbow-chasers that bought in on the recent rise to 39p? If they did their research there is no reason why they would be nervous.

I have been in five months thus far and feel chilled. I am pretty sure the investors that have been in for longer than me are even more chilled.

GLA.

Gecko - I have never been so patient with an investment nor anything else in my life before (laughs).

Also posted this the other day in response to Pete's original opening post.

Plus:

We have been approached by other parties to buy the company/assets and are NOT a distressed sale - FACT
We have the lowest extraction costs due to being open pit - FACT
We are next to good infrastructure that is already developed - FACT
We have assets in the ground that are very much in demand - FACT
We have assets that are projected to increase in value over the near and medium-term - FACT
If we do not sell the company - we will mine ourselves via SinoSteel and reap the benefits in 2-3 years time - FACT
The BOD have been doing this for a long time (25 years) and are well-connected in the local, regional and global mining community - FACT.

GLA.

Blanket ban on social media likely due to the NDA's as a result of the FSP, Pete.

GLA.

It has been said before that the market is unable to accurately value EUA mainly because of these reasons:

- No-one outside of the NDA agreements know the figures in the data room;
- The SP is in the current price band because it is being 'held' - see Captain Tilly's M.A.D theory;
- There have been no updates on production at WK thus far;
- MM's play on sentiment especially in AIM (again refer to M.A.D)

I am pretty sure, IMO, once information comes to market we will see the true value via a re-rate. The BOD will release this as soon as they see fit - have faith in them. We, in the majority, have done our own due-diligence in EUA (which DLA Piper are doing now to close the deal).

GLA.

Tricky - 'PROBABLY full of the same stuff, he just can’t prove it'

This could be why AP have been brought it since early spring this year, IMO ;)

GLA.

Plus:

We have been approached by other parties to buy the company/assets and are NOT a distressed sale - FACT
We have the lowest extraction costs due to being open pit - FACT
We are next to good infrastructure when is already developed - FACT
We have assets in the ground that are very much in demand - FACT
We have assets that are projected to increase in value over the near and medium-term - FACT
If we do not sell the company - we will mine ourselves via SinoSteel and reap the benefits in 2-3 years time - FACT
The BOD have been doing this for a long time (25 years) and are well-connected in the local, regional and global mining community - FACT.

Moving home on the 30th of this month after two delays (was meant to be late September but the legal stuff dragged on - perhaps this is a prelude to the sale of EUA) :)

Ian - please can you put me down for 'the' RNS on the 26th November. This is my third attempt now. You know what they say - third time lucky.

Have a great weekend, lads and ladies.

GLA.

Slightly reworked from the original:

“The true test of a sailor's mettle is whether or not they will cling to what they believe in, even when some begin to lose hope in treacherous seas just before Treasure Island.”