Member Info for Montmuzard

@Montyboz - serious question: how can you go from a valuation of up to £10bn (your infamous £3.50/share) to £50m in just a few months, when the company has (a) only added value, most strikingly with the approval of the MT flanks, West Kytlim resource increase and then the massive Rosgeo JV, and (b) they've pretty much delivered on every single development milestone they've promised? Seriously, please explain to us the logic of how you now value Monchetundra at 0.5% of the value you attributed to it previously? Why were your calculations so out at that point? Were they inherently faulty or has something changed that outweighs both your original view and the implications of (a) and (b) above? If the latter, what is that thing? Is it, as we all suspect, you got stopped out and are just trying to get your buy-in at a decent price again?

"There is a disconnect here. People want to believe that MT and it's flanks will sell for billions but expect EUA to be able to buy similar but larger PGM areas from Rosgeo for peanuts despite them being proven to the same levels as MT and their flanks."

There is no disconnect whatsoever. Rosgeo is not a production company: it has an interest in getting these assets sold and into production, generating revenue for the Russian state through taxes, as well as jobs locally. To do this, a huge amount of bureaucratic hoops have to be jumped through, which Eurasia have shown they are adept at doing. Eurasia have a buyer for MT, who plainly also wants Nyud: by tacking the latter onto the former, Rosgeo achieves its objective (Nyud into production) and Eurasia achieves its objective (a bigger deal, with both sold). It's a win-win, not least since the cost to the buyer means that they won't be able to sit on the assets: they'll have to get them producing. The alternative is lose-lose from Rosgeo's perspective: either the buyer buys MT alone and they are sat with Nyud on their books for another 25 years doing nothing, or the buyer doesn't want MT anymore because it can't get Nyud too, and then Eurasia goes it alone. By partnering with Eurasia in this way, they're generating the incentives structures and governance architectures to bring an entire battery metals district into production that will be generating revenues until the middle of the century and beyond.

I notice no timeframe given for Wardell Armstrong’s involvement. They could have been doing this work for weeks already, possibly even months… I think it’s fairly clear we’re selling Nyud with MT+flanks in this first round. The dividend will be minimum £1.50 and possibly beyond £2. Massive rum ****tails all round.

Roger - give it up mate. You've been playing the same tiny violin for months now. Utterly transparent. Either you haven't got the nuts to put your money where your mouth is and actually sell up. Or you're not actually invested at all, and are just part of the special div gang. Get a grip.

There is no way whatsoever that the special dividend will be in the region of 35p. First, the Nomad said it was "massive" and also that it has to be massive otherwise the board would not do the deal. They would just mine themselves. In fact, the whole reason they have the Sinosteel EPC deal lined up is to make the ability to mine themselves a credible option. Second, the deliberately conservative ACF valuation - which is a reasonable guide as to the board's thinking - is c.76p. So that's a bare minimum right there. Third, we have been through an extremely long process with multiple bidders and multiple proposals. It's very unlikely that those proposals went from, say, 20p up to 35p. They wouldn't have even got into the data room to do their due diligence. Fourth, this is the *last* non-consolidated palladium play on earth. Once it's gone, it's gone. That's it. Game over. We're reaching the endgame: ignore the noise and the green coffins spewing their jub juice all over their creepy games of soggy biscuits, and keep your eyes on the prize. The share price is irrelevant. The only thing that matters is the big number - which, in my view, has a £ sign in front of it - sitting in Dmitri's golden envelope awaiting the Nyud licence and JORC competent person's report to be signed off.

No, it doesn't matter. All that matters is the deal that is bubbling away at Eurasia towers which will be based solely on the in-ground resources. In fact, the current SP is a gift to anyone with the good sense to be loading up right now.

Thanks for clogging up my screen. It's reassuring to know you are there, howling away in a vacuum where nobody can hear your infantile screaming. But, just to reiterate: you will not get any of my shares. They will have to be prised out of my cold, dead hands at the barrel of a gun. However, the only barrels around these parts are full of RUM! Green coffins drowning in their own slimy soggy biscuit jub juices all round!!

"Market sentiment on this stock is heading towards the floor. You're entitled to your opinion as are others."

Yes, I am, and I frankly couldn't give two big brown faecal lumps in a green coffin's cadaver what "market sentiment" (whatever that means) is doing. Markets are prone to irrationality. The herd can do what they like. I've done my research and I'm quite happy to wait this one out for the big rewards.

"Tweeting about "nuggets" isn't going to make this stock fly."

I'm not sure anybody said it is.

"An update regarding the asset sale is well overdue."

Says who? Dmitri said he wouldn't be rushed, and I'm personally quite happy to wait until he deems it appropriate to release news.

For it's time to get that palladium cannon that has been undercover for many months now polished up. I hope nobody minds, but I was going back through some old bits and bobs, and felt it was worth republishing here for those that haven't seen it, Phil Taylor's guest post on GM78's site from May. Remember: he wrote this a week *before* the 12th May RNS came out. If it doesn't put some lead in any wavering pencils, then not much will.

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Link here: https://www.powerof78.com/2021/05/06/eua-phil-taylor-guest-post/

Phil holds 28.9m shares at time of writing, one of the largest individual holders in the company and invested since 2012. So when he writes, sensible people listen. Below is as published on Telegram this morning, 6th May 2021 :

Long Post so apologies for that! The FSP is taking a while and leads to nervousness amongst investors. I took a read back on the recent news from EUA to try and get a handle on our direction and possible outcomes from the FSP. It reinforced my belief that this is a once in a lifetime opportunity to be involved in a historically huge deal that may not be very far from coming to fruition.

I always look for the clues from the company and these things start to add up. The story is beginning to reveal itself. Eurasia is in the process of moving from small prospector with a reasonably large find, to owner and developer of a globally significant mind-boggling district of rare metals that’s importance is vital for the development of tomorrow’s technologies and therefore will only increase in value. We now control huge deposits, vastly bigger than was announced not so long ago. The company is now a major force in the area rather than the small prospector we used to be. The race is on to control such assets by not only companies but countries. I believe that when EUA has put all the pieces in place the resulting sale will dwarf the recent deals by which EUA has been benchmarked.

"I feel news coming soon.... good luck."

Me too. The length of time since the May RNS, the constant ramped-up din of green-boxed muppets the past couple of weeks (and evident share price manipulation), the moving around of assets on maps, and the jovial Twitter-based activity of the company itself suggests to me the deal is now done and news is imminent. They're not going to be able to hold this down much longer. Polish the palladium cannon: there are some unfortunate morons who are moments away from a serious jubbing!

They get the Iceland nuggets that are just lumps of mud congealed around their Jub branded soggy biscuits, whereas we get the Harrods ones that are 100% pure PGM and rare earth elements.

Just ticked up into close. Regular tweet-comms from the company clearly stoking a little bit of FOMO the closer we get to 4pm now... Like a coiled rocket waiting to explode off the launch pad.

When there are more green ghosts floating around on the page than actual posts, you know news is just around the corner.

Looks like DmitrysCousin has been drinking the same derampers' poison as our old friend Rowkabozo. Used to be very positive on this stock 18 months ago when it was all "Monchetundra flaps" and what not. Well, drink away in the green prison pal. Shoulda chucked you in there weeks ago.

This is much more like it. Proper chat.

MT: £1.00 - £1.25
MT+Nyud: £1.50-£1.80

Add up to 50% for the bidding war :-)

I’m increasingly of the opinion that we’re now just in a holding pattern waiting for the Nyud license transfer to complete and/or the Jorc competent persons report (and I wonder if both are already happening simultaneously). That seems to me the key to start unlocking things: the buyer gets the keys to the first half of the kingdom, and then the wheels start rapidly turning to complete the deal. Could be a few more weeks or it could be imminent. Anyone not holding their golden tickets on the day will be locked out of the banquet hall forever.

...we will wake up and the share price will have gone totally parabolic. We'll be way out ahead at number one on the leaderboard. People who have never heard of Eurasia will look at the percentage change and be like "erm, has that share been consolidated or something?" It's been a long old journey, and it's hard to believe for some right now, but the taste will be so so sweet. There won't be a green coffin in sight. You can guarantee that the Mad Stink and all his other bizarre pseudonymous soggy biscuit munchers will be long gone. Everyone will bask in the tropical sunshine on the deck of a galleon famed for its majestic palladium cannon. It's coming people.

Cheers Lovely, that's a great post. Fascinating!