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Now the permit has been signed Eurasia Mining can start drawing down the $150 million loan from Sinosteel.

RNS 28 September:
"An EPCF contract to develop the mine at Monchetundra is already in place with Sinosteel, a state owned Chinese engineering group focused on mining, which was signed in October 2016 (see announcement dated 10 October 2016). The contract provides for Sinosteel to undertake the mine and processing plant construction and commissioning on a turnkey, commercial arms-length basis. 85 per cent (or US$149,600,000) of the contract value has been arranged as debt-based by Sinosteel - this element of plant construction costs will remain on the Sinosteel balance sheet until such time as the plant is operating at full capacity and to designed specification.

The EPCF also includes a sub contract to be awarded to Eurasia's subsidiary Terskaya Mining Company, to cover initial development work at the Loipishnune open pit. This sub-contract, in the amount of US$50m can be drawn down on award of the mining permit."

https://www.investegate.co.uk/eurasia-mining-plc--eua-/rns/project-update/201709040700046505P/

Read this RNS about offtake agreements that can now be signed as mining permit has been received.

Expect offtake agreements next.
Glencore has been lined up - see previous RNS

https://www.eurasiamining.co.uk/investors/presentations/download?path=Optiva%2B-%2BEurasia%2BMining%2BOctober%2B2018.pdf

Broker with 2.8p to 5p target

Hooooooray!!!!!!!

Three institutional investors have just invested around £4 million in Falanx.
They would have done substantial due diligence on the company, its products, its personnel and prospects before investing.
The institutions will likely have a price target which is multiples of the current share price.
Institutions don't always get it right but I think this is as good a buy signal as you get on AIM.

Can any of you knowledgeable chaps give me a perspective on IMV inc, formerly known as ImmunoVaccine. How does it's products compare to that of SCLP?

The dilution is more like 35%.
The company got the placing away very well to institutions so no or little overhang to clear. There was also no discount which is amazing considering the current environment on AIM. The company must have had some very compelling evidence to entice the IIs.
FLX is very well capitalised now so let's see if it can finally deliver on its promise.

Good to see Falanx has already secured a 3yr contact for £60k from the Solarwinds tie up. Plenty more to come hopefully.

The institutional investors certainly seem to have liked what they saw!
The company can now really focus on the massive Solarwinds opportunity.

I couldn't resist a top up this morning at such a low share price.
There's plenty of news coming that will hopefully drive the share price back up.
Two wells to be fracced by the end of the year.
News from Bolivia with neighbours completing drilling
Tapi Aike acquisition of seismic to begin shortly
Re-completions of existing wells with a 400 bopd target

I don't think it will take long to clear the overhang from the placing and the price should recover quickly.
As SFU says, there are plenty of other contracts that are expected by the year end/early next year.
The company is now trading profitably so it's a great time to be invested and the current SP is very favourable on a risk/reward basis.

George Roach strikes again. Who will fund Newco? Massive dilution coming IMO

Very nice to see a bit of blue today.
I'm not getting too excited as the share price is still hugely undervalued

Insiders will start buying as soon as they know the permit approval is on the PM's agenda. It won't appear on the Russian website for some time after that so like TDT says we could get a steady rise for a few days before it's officially announced.

This is what I expected to happen just before the permit is issued. Probably insiders buying up shares in advance of RNS

Just seen a few other identical RNSs so probably nothing to worry about

I assume S P Angel decided against acting as NOMAD for IMM. I wonder why?

Thanks to everyone that attended the AGM and have given us such great feedback, especially the recording of the event.
Obviously the low share price is depressing but I'm confident it'll come good and give all long-term shareholders a handsome return.

As if the interest rate at 21% wasn't enough, in addition the directors awarded themselves warrants and conversion rights! the company must be seen as very risky to justify such poor terms for shareholders.