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It seems to me that the Russians are fast tracking the mining permit as they want the investment from Sinosteel as it's a major Chinese state owned company.

Broker research note released today. Note how it says the company "remain funded in the near-to-medium-term". "Another contract wins from Falanx! It demonstrates growing momentum for MidGARD from multinational corporate clients, validating that its unique offering is adequately fulfilling client needs and superior than competing services. Today�s new contract and contract expansion further increases Managed Services as a proportion of total revenues, improving the quality and visibility of its future recurring revenue. Falanx remain funded in the near-to-medium-term and we expect organic cash flows likely to grow strongly during FY19 to achieve positive underlying EBITDA. We maintain our Speculative Buy rating on the shares with a target price of 10p."

It looks like there's a big buyer in the background at the moment

That was the copper plant which he said needs a bit of TLC. GEO don't need to use that yet as the gold oxide will be processed first.

In the most recent podcast on 17 January John Meyer said he managed to pull Greg out of a meeting with the JV partner and he told him: "the relationship [with the jv partner] has developed very positively and the discussions are going really well". Anyway I think we'll find out soon enough.

I understand your disappointment at the share price drop but I'm confident it will be reversed soon. Just over a month ago the company confirmed they were in the final stages of negotiations over this year's work programme and the final agreements would be completed in early 2018 with a detailed announcement to follow. Then it was announced in mid January that Michael Struthers was taking over the reins with the following comment: "I would like to thank Martyn for his contribution as Exploration Director, specifically in helping put together the epithermal copper gold mineralisation model we have now adopted at KB as well as the consequent maiden resource which is now the focus for mine development and production by the JV. With his first-class track record in mine construction and optimisation, I am confident Mr Struthers' expertise will enable GEO to transform into a development company whilst continuing to create value through continued exploration at KB and the rest of the JV licence block. This is an important milestone as we look to establish KB as a world class copper-gold asset on the prolific Tethyan Belt." Production news will arrive soon and that's what the market is waiting for. I know it has taken a while but it has been delayed for the right reasons - exploration success. and a big increase in the resource.

It's also worth noting from a previous RNS: "The use of MidGARD will eliminate the costs to the Company of licensing an off the shelf product, resulting in an expected operational cost reduction of approximately �0.5M per annum, when fully rolled out."

I don't think it would have been appropriate to mention the margin and hence reveal the profit on the contract wins in the RNS. Falanx has said before that Midgard is a very high margin product. We're seeing good momentum here with a string of contract wins and today's RNS says there's more to come. There are also smaller contracts being won which are not big enough individually to RNS.

The key point for me is not the size of the contract but that it is 3rd party verification of Midgard.

Very impressive contract. Should see a significant recovery in the share price

I'm very confident 2018 is going to be a great year for EUA. The market cap is still extremely low so you can still get in close to the bottom and before the real fun starts.

Level 2 was showing 0.35-0.45 and RSP was around 0.385-0.445

Not sure bud but there's news due on lots of fronts. There was obviously a big background buyer this afternoon as the price shot up. EUA is very illiquid and it doesn't take much buying pressure for the share price to rise significantly. Just wait and see what happens when the herd arrives!

RNS tomorrow?

There's only 100k shares left at 0.3475 then the price jumps to .37

yes, he's just wastes his time posting as he has absolutely no credibility.

Yes Mac, EUA is scaling up production and we should have news on that soon. I've heard that the production target for West Kytlim in 2018 is much higher than last year - hopefully they will hit it this time! Apparently there is a large stock pile of ore ready to put through the wash plant in the spring.

It's a good time to accumulate whilst the share price is near an all time low. I'm sure we'll be much higher by the time the permit arrives. There's lots of potential newsflow expected.

The production permit is a formality. The key process was to secure the mineral rights and that has already been achieved. Here's what it says in an RNS: 'A discovery certificate, guaranteeing mining rights was issued to the company in July of this year. (See RNS dated 17 July 2017)' On the production permit process: 'Although time consuming, the directors feel the risk to the Company is nominal, as the company has already been awarded the Discovery Certificate which guarantees mining rights to the holder.'

The 2 million OZ palladium resource is only for starters. There's more expected on the licence that hasn't been explored yet and the actual resource remains open at depth