Member Info for Montmuzard

"If Eua don't present a 'feasible' plan, the authorities won't let them mine".

But they will present a feasible plan. That's not the issue. The point is that it's the extent of what is feasible that Rosnedra are pronouncing on. It's not a pass/fail exam.

I get TDT's point, but we're splitting hairs on TEO/DFS. The BOD are using the latter in communications for an obvious reason: those communications are in English.

It really concerns me that some people are let out in public, or invest in companies (or pretend to invest) without grasping basics. A DFS can’t be “rejected”. It’s a study, not a licence application.

When you get this far, and have inordinate amounts of data – in some cases going back decades from earlier studies by all manner of organisations – and supplement that with recent drilling campaigns, what you’re trying to do is work out what is, and isn’t, mineable, and build a mining plan on the basis of it.

So, the DFS is about determining with a high degree of certainty the value of what is in the ground, what is feasible to extract, and therefore what should move from inferred to indicated, resources to reserves.

Rosnedra isn’t going to turn around to the company and say “DFS FAIL”. They’ve already come back and forth with questions for clarification, and the decision from their end is about determining the extent of mineable product to add to the cadastre – and on that basis agree how much can be extracted over the life of the mine – not whether to simply accept or reject.

Moreover, the company evidently has so much data, from so many sources, and it has clearly spent a long time compiling it, analysing it and cross-referencing it, to ensure that whatever it has submitted in the DFS is a serious analysis that is as close to reality as possible.

Finally, it kind of doesn’t matter what Rosnedra does or does not say about the DFS. There will be enough data in it, and in the data room – to which NDA signatories have had access for going on four years now to do their own due diligence – for the buyer(s) to decide what they are, and are not, willing to pay. If there are big resource upgrades, they pay more; if the company can only show what is already broadly known; they pay less.

My money is on the former: millions have been spent drilling, and lots of time has passed for us not to be sitting on a literal and figurative goldmine.

Rums all round.

One other point worth mentioning here is that the BOD have RNS’d on more than one occasion that the sanctions environment does not prevent them executing on their M&A strategy. They’ve also recently expressed frustration at how long the process has taken, which implicitly means that it could have already happened (and, by implication, that they still expect it to). Given the quality of legal representation they have, you would expect their compliance teams, and those of the Nomad, to be all over this. If there was even a whiff of a material change to their ability to execute an M&A transaction, they would have no choice to RNS it. I take great comfort in the fact that they have not done so.

What, exactly, am I looking at? Where's your evidence? All I can see is mudslinging. Why not share some of these emails so the world can see them?

@Toffee: I imagine the voices in your head tell you lots of things.

@Del, yep, you’re right the Nyud data is obviously well out of date now. But, personally, my assumption all along has been that this is a transaction with lots of moving parts – including potentially different buyers for different bits – and the reason for complete information darkness is that they’ll just execute on everything at the same time once all the puzzle pieces are in place. So, the lack of information release will ultimately be academic when we're all cheering and hollering. Apart from the desperate saddos who have been bashing from sidelines and are locked out!

Complete drivel from the reincarnated Fran/Kira/Matrix/Toffers who has to keep generating new identities because every time they come here to sow fear, uncertainty and doubt, and potentially take in a few newbies and waverers, they get called out. Remember the time you pretended not to be a trader, and then revealed that you always get the £5.99 fee on HL, for example?

Anyway, this is complete drivel, for at least three reasons.

1. Why would it ever have been in the BOD’s interest to pump the share price? They have been in a closed period for years now, and have never sold a single share, because they can’t. Dmitry alone has almost half a billion shares, over 15% of the company. The only thing that matters to them is the liquidity event. So, as much as they aren’t worried about the share price when it’s down in the dumps now, there was no real gain for them as individuals – certainly none worth revealing inside information for – by pushing it upwards.

2. Ah, but they got a placing away! So? If you’re a US investor with $20m burning a hole in your pocket, you’re going to buy millions of dollars worth of stock in a small-cap mining company at 26.5p on the basis of some internet rumours and boiler room pumpers, are you? Nah. You’re going to do serious research of your own to confirm the numbers that you’re being presented with. HC Wainwright did the placing and wrote a report at the time – based on site visits – saying 70p/share. These are facts.

3. The constantly slinging of mud – with no evidence – at one group of people by those who clearly have an agenda is remarkable. Yet in my experience, people who tend to do this are often the ones actually sitting in muck themselves. If members of the Telegram group really were in cahoots with board – risking prison for all of them – then why didn’t they all get out at 42p? Why are they all still buying shares? Why have they spent the past few years researching – you know, providing actual evidence to back up claims about licenses, mineral intrusions, theories about potential buyers etc. – and sharing it in a largely inclusive and non-dogmatic way? Surely if this was just one big pump and dump, they would all have ridden off into the sunset when the share price peaked, never to be seen again.

Like I say, complete drivel. Get back in your hole.

It would make a difference, but I don’t see how they can release the Nyud JORC when they don’t get own the license. Moreover, there’s surely a good reason why they don’t yet the own it, and presumably it has something to do with both how the buyer wants the Nyud transaction and what information they (and Rosgeo) are prepared to see in the public domain as well as EUA staying well clear of any sanctions.

Personally I take the fact that BOD don’t give a flying fig about the share price as a positive. It indicates that it’s irrelevant. As annoying as it is nursing a big paper loss and being locked in, I’d be far more worried if they were engaging in desperate attempts to pump it, which wouldn’t work anyway because it’s a trick you can only pull once or twice before it becomes completely transparent and destroys confidence.

I see the unflushable has crept back up the u-bend again. Dear oh dear. Imagine spending literal years of your life making outraged assertions about a share you’re not invested in rather than researching new ones that might make you money. Very strange behaviour.

If anyone wants a bit of solace in these testing times, I can heartily recommend laying out all of the substantive RNSs in a long line and reading them one after the other. They paint a very different story to the one favoured by the botflies swarming about on here. It is one of ongoing operational progress and milestones met. Sure, the sale hasn’t happened … yet.

But if, as Meyer intimated last year, the name of the game was bringing things up to JORC standard, in a context where western companies cannot easily operate, then the fact that they are about to get final approval on a DFS is a really quite remarkable achievement that delivers such an outcome.

Still convinced, personally, that the relative near term and its liquidity event are almost here. The night is always darkest before dawn etc etc.

Thought I'd check in here for the first time in a while, and see the green coffins have been wreaking havoc.

Tough times, everyone is understandably down in the dumps, but as the sage of Omaha once said, be greedy when others are fearful. With that in mind, I've accumulated another 250,000 shares the past couple of weeks, something I never thought would be possible 18 months ago.

Remain convinced that the DFS will be key to unlocking everything: remember John Meyer's interviews. Not the bit in May 2021 about the massive dividend, but the bit where he talked about the desire to bring Russian code resources/reserves up to JORC standards, and then, in June 2022, where "we look forward to Eurasia completing on the sale of its Russian assets in the relative near term and on the transformation of its business through the acquisition of new mineral assets outside of Russia".

Well, the DFS does the JORC job, and, given the company's bullishness in the last two RNSs -- emphasising that this would be signed off by Rosnedra in "the coming weeks" and the "Directors have full confidence in the Company and its assets" -- I'm personally very hopeful that the relative near term is almost upon us.

Chin up shipmates, rums all round!

Looks like the AMC transaction has put some lead in some pencils. Get the court case sorted tomorrow and it's hard to see what other hurdles are left in order for the BOD to be in a position to execute.

Looks like the green-coffined FUD-spreaders have got what they wanted

They don't have to pay more cash to exercise the options by the end of March. They simply have to indicate which of the Rosgeo projects they would like to proceed with by the end of March.

From the original RNS: "Eurasia has 24 months in which to decide whether to select some or all of the assets to develop. If Eurasia determines not to proceed with any assets, no consideration would be due beyond the Initial Consideration."

So, the only payment required - beyond the initial £500K that allowed them to take a 75% equity stake in the JV itself - is the "incremental consideration" on the earnout structure, and then a further payment based on the JORCs if they want to acquire the other 25%. It wouldn't surprise me if the company has already begun to line all of this up so that the buyer can execute on Nyud immediately after purchase (hence why the licence is still with Rosgeo) with the option to do the same on Poaz further down the line.

In short: no more money needed for now, and potentially the diametric opposite of "a complete waste of time and money" if Nyud and the promise of Poaz adds another X% to the dividend price.

The "little warmonger Zelenskiy"? What, you mean the democratically elected President of a country who refused to lie down when another one invaded with plans to have grotesque show trials of his democratically elected government and others, including the military, intellectuals and so on, before executing them in the public squares?

Someone's repeating Russian talking points here. Only one country here - Russia - has violated both the norm of state sovereignty and international law by invading another country despite not being under attack or having a UN Security Council resolution to do so. The way this ends is by Russia getting out of Ukraine's territory. The West should be doing everything it possibly can to crush Russia, and ensuring that they never ever try this again, while tooling Ukraine up as far as possible and offering it a path to both Nato and EU membership. Just like Milosevic and every other tinpot dictator, Putin has given up the right to make choices here and needs to face the consequences of them. There is no way whatsoever that the West is going to agree to demilitarise Ukraine. Quite the contrary, and rightly so. And why would they? Nato is inordinately more powerful than Russia, especially given the losses it has sustained in recent months. One wrong move from Putin, and they'll have an excuse to sink his entire navy.

Ha ha, yes, 80p would do me very nicely thanks!

I'd green coffined CTC for obvious reasons some time ago - along with all the other green gormies currently clogging up the screen, who are probably all the same sad basement-dweller with multiple logins - so missed his reference to me. Just went and had a look on a different browser. I have never once claimed that the company already turned down an 80p offer. That is an outright lie. For one thing, how on earth would I know that? Perhaps he's mixing me up with someone else: Montyboz/Rowka perhaps? Anyway, get back to licking your windows.

It's so tedious I've just had another little nibble. Final, final top-up was supposed to be two years ago, but happily chewing a few more up at this price.

Rums all round!

No it doesn’t. I understood that it has been progressed and took that at face value. That isn’t the same as the licence coming through (i.e. Eurasia taking part of full ownership).