Member Info for Montmuzard

Ticking back up again ...

Surely there should be a UFO RNS out by now given the WCS silver news overnight?

Really great to see some value finally being added here.

Hands up, who set a stop loss? Well, it's now lost.

Just a tree shake - ride it out. Tomorrow is only going one way.

Agreed - there will be plenty who've spent the day on the beach looking at their PFs while sitting on the toilet tonight wondering how they can avoid the family for half an hour between 7.50 and 8.20 tomorrow morning.

Nothing goes up in a straight line

There has to be - you can't have a contract for three times your MCap in revenue and not see that MCap move towards equilibrium

@Kammy - I was replying to you, in a way, definitely not them! Important to keep some sensible fact-based material at the top of the page from time-to-time in case there are any potential investors sniffing around and wondering what the company is actually all about.

This is going way higher

Some of the comparisons that the green coffins come up with are just nonsensical. AMC was debt-laden and had to build a 338km ice road where some bits would cost $1m+ per km. That's some capex! All Eurasia - which has no debt whatsoever - needs to build is the first bit of the MT mine, for which they already have EPC contract with Sinosteel that doesn't expire for another two years. If it ever comes to that, it won't be hard to raise all the associated capital, given the company is going to be sitting on a DFS for MT-NKT with in-ground resources worth tens of billions - in a context of rising metals prices - and where single asset and single commodity risk have both been eliminated.

There will be some big boys on the sidelines who have spent this morning digesting that RNS, considering its implications, and wondering where the best entry point is likely to be. Can't imagine it'll be much lower than this now.

Here we go again ...

Shake over. Heading back up this afternoon.

My view is that the UBS investment post-March placing that was revealed yesterday in the list of major investors was their reward for potentially foregoing a success fee in the event that the exit comes via a share buyout rather than an asset sale (due to ongoing Russian exit restrictions). For about £900K, if they take up the warrants too, they get about 13.8m shares. At 40p a share that's well over £5m.

Well given that a private "strategic" placing was announced in March to US and UK institutions, and these institutions now appear to be listed as shareholders seemingly accounting for a big chunk of the issued share, it's reasonable to surmise that this might be one instance where it is accurate.

Have you got some evidence that these shareholdings are inaccurate? Please share if so.

We know for a fact that one NKT pit has an NPV of $1.7bn. Hard to attribute a clear value to the two MT pits as we don't know what was in the last DFS upgrade, but let's say $1bn roughly (Oak Securities note was more conservative and less than this, in my view too conservative). Eurasia's share of WK has an NPV of around $250m (and that's before we even know what is in the flanks there, and it could be a lot of rhodium). Then add in a second NKT pit and you're very quickly over an NPV of $3bn and, in my view, having eliminated single asset and single commodity risk, possibly substantially more. Factor in whatever you like for resource upgrades and the value of the Rosgeo asset entitlement and, yes, well over 50p/share IMO. Whether we can realise that remains to be seen, but the company hasn't waited all this time for a firesale that could have happened in mid-2022, have they?

Could be less; could be more. Add in a second NKT pit

Buying pressure here is nuts: dip gobbled up in minutes; MMs will have to let it run soon.

Spread still pretty wide too. Well over 4p to buy now, almost 3.9 to sell.

Back up over 4p. MMs have, as ever, relieved as much stock as possible from the weak hands, let their mates in cheaply, and now will be selling again on the rise up.