Member Info for Montmuzard

Worth noting that P’s figures don’t account for rising PGM prices (some projections predict significant increases by 2030 as deficits tighten) or the mix of particular metals extracted. We know WK has a lot of rhodium (and some iridium) so £20m/yr could, in fact, be very conservative (and is why, in my view, WK’s contribution to any special dividend if sold won’t be negligible).

FWIW though, my assumption is that restarting production is not about Eurasia mining themselves, but rather getting things moving again so the buyer can hit the ground running when the thaw comes. Or signalling to any buyer wavering on MT that they can mine and it’s time to PUSU if they want to avoid the risk of them triggering Sino.

What has 2022 production got to do with future production targets?

If the company can sell the concentrate, the simple fact that WK is producing again should itself see the SP increase significantly from this low point. A fully producing WK should theoretically imply an annual dividend of somewhere in the 0.5-0.7p range or £200m over the next decade (multiples of current SP and that’s just for WK).

I'd say the fact the SP is holding up at 0.5 (almost 50% up on the week) is a good sign. Only needs one document to be signed and it's lift-off here.

Someone knows something. That isn’t punt money.

I wish I could have trebled, but I've gone from 600Kish to over a million and set my kid up for life in their Jr SIPP and ISA.

Rums all round. Nice to see a bit of movement bringing some old stalwarts out to marvel at the headbangers!

10. LTHs who have kept the faith have suffered big paper losses (I know I have) but have, in some cases, managed to hugely increase their holdings in anticipation of the endgame.

"Been away awhile. Can you explain the tax case. Cheers"

Short version: Kovinsky Kamen (the company EUA jointly owns West Kytlim with) went into dispute with local tax agency that tried to apply a tax rate of c.20% on its concentrates from WK because gold was in the mix. KK contested this as it should be closer to 6%. This has been escalated up through the courts, and a final ruling should be given today. All indications are (including various comments from Ministers and other senior folk) that the state recognises the legitimacy of the company's claim and will rule in its favour. Some think that this could be the final legal due diligence hurdle that begins to unlock asset sales (and I would count myself in that group).

A winding up petition over a £108K legal bill that the company is disputing. They won't be wound up today though: they can't be, because they're solvent. No advert in the London gazette either so quite likely a negotiated settlement has been reached. If not, either the judge throws the case out and tells Gowling (the claimant) to pursue the fee by other means or orders Eurasia to pay up. That's my understanding, anyway.

Oh, and stop paying attention to Fran, Kira, Toffers, whatever her name is. The fact she is on here ranting constantly and has been for the past five years, while constantly changing her name, should tell you everything. Put her in the green bin.

Innit ... Nice to get some movement at last. Long way to go. But the end is hopefully in sight now.

It's a leak, obviously. Rums all round!

"However my faith in the board is virtually non existent now"

If you have no faith, why are you invested? Surely you'd be better of investing your sizeable holding in something that you do have faith in. Or is it that you're not actually invested?

I see we've got some new derampers turn up here. Always a good sign. Brand news monikers who seem to know lots about EUA and all of it negative. They must know that we're likely close to news. Options expiry coming up. About 16 weeks from the DFS approval, which is bang in the sweet spot for how long Russian state committee approvals seem to be taking. Only a few working weeks to the end of the year by when Christian said at the AGM he was hopeful of sale news.

Still, appreciate your efforts at helping to keep the share price suppressed. I've nearly doubled my holding this year.

Rums all round!

I’ve almost doubled my holding over the past few months at these prices. Absolute gift-horse.

No need to guess: the 2.69p trade was mine for 12,500 shares. Every little helps.

Surely if the company announced a sale before the options expiry date, they could then exercise them immediately, because the material inside information to which they are privy - which is what is stopping them exercising now - would be in the public domain. Why does the sale need to actually complete before they can exercise options? Unless the point is that, if only one asset was announced then there is still material information held by insiders?

Where are the derampers now?

"I’m sure the likes of IKN, TBOB, SteJ, Mac, DShox,Carlito, Kintmuzard will be happy to contribute as they are all so giddy happy with the bods performance and comms to date, and continue to advise us all that the sale is just around the corner with no doubts or concerns to be conaiswrex"

Why do the derampers need to create straw men all the time to make their "arguments"?

1. Nobody has said they're "giddy" with performance or comms: I've been pretty clear that it's too soon to judge performance, as we're not at the end of the process yet (although the BOD retain my support until we know otherwise) and the comms strategy, whether you like it or not, has evidently been adopted for good reason (and one reason is that it could well be the Nomad preventing more newsflow). As it is, people would be moaning if they had taken a different strategy and the board had suddenly found themselves sanctioned.

2. Nobody has "advised" anyone of anything. I've never said a sale is just round the corner. How would I know that? What I've said is that the silence seems deafening to me, and it's hard to see what else there is to be done once the DFS is complete. If so, I anticipate a sale or putting the wheels in motion to start mining.

3. Nobody has ever said there is nothing to be concerned about. Again, I certainly haven't. Just on the basis of available evidence and logical reasoning, I'm prepared to stay invested on the basis that any downside concerns are massively outweighed by the potential upside.

In short, GET A GRIP and STOP LYING. And if you have serious concerns, why on earth are you invested? Oh, er, perhaps you're not and you're just here to stir up trouble.

If you read the two particulars of claim - both the Queeld/Mispare version and Eurasia's - it quickly becomes clear, even to the disinterested layperson, that the latter's case is far stronger. As I posted a few days ago, the claimants were informed in 2018, days after they reported their certificates "lost" what would be required of them: as no indemnity has been forthcoming, no new certificates have been issued.

Incidentally, I also remember posting a couple of years ago, when they did the 26.5p raise (I think) and were encouraging shareholders to vote to "further strengthen Eurasia's negotiating position" that this might not have been about negotiating externally with potential buyers, but rather negotiating internally with Queeld or whoever. Either way, that raise also had the effect of further diluting them (or whoever they sold/lost their certificates to) as well as raising the cash to see us through what has ended up being a couple of tricky years.