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So its deadline day for the £250k payment to POW for the next tranche of the NBGC deal.

Unless this mystical £5m lands overnight from the arbitration, then either a massive dilution is set for tomorrow or a possible forfeiture of the assets.

Not fun for either party but especially poor for RRR holders.

I hope in wrong for all involved.

Rick invested due to the ability to gain exposure to IPO vehicles through POWs business strategy.

The SP is falling because there is (at least 1 major shareholder) background seller mopping up any liquidity to get out of their position.

Clear value disocnnect with the SP that will close at some point, the fun part is waiting.

It is suspended so of course it is!

So given the deal deadline is tomorrow & the total size of the consideration from RRR to POW would be nearly the same as RRR's market cap, what do people think will happen? A sale of NBGCC to POW or a eye watering raise if the legal funds dont drop in time?

See twitter for further details now if you do not have access to Telegram. Of course, we await the official announcement to obtain the content of the documents.

Of course it would, and any possible sales price would react accordingly.

Just to clarify, the post in the telegram group covers a posting on an official Russian Efgi database, it is RNS material and therefore should be covered by the company via official chanels. If you dont believe, just wait, if you dont have access to the telegram group, just wait.

In the meantime, enjoy the move up.

Nothing to do with the small SP move, everything to do with the possiblity of improving the base fundementals of the resources that would blow the depressed market cap out of the water. Also, it should be questioned, why release it now??

Youve got a long time to wait for those to be officially declared.

Well worth a read on the wider Nickel market space, all allged of course due to their failing to finance their project, but if true it sheds some light on why Eurasia maybe struggling to get a confirmed bid for the assets.

'Following an extensive engagement and global roadshow where over 150 parties, including over 39 which entered into non-disclosure agreements ("NDA's") were approached across both debt and equity, the Company has been unable to secure the full financing needed to complete the project at this time.'

Its up 46% in a month....

Current burn rate is £8k a month, so no where near a million a year.

Now comeback when we haven't been through the longest bear market for the AIM & see where the SP is. A simple 2 month stretch of AIM bouncing off the lows have bought a 40%+ move in the SP, wait till we really start kicking off.

Roger you can't say 'There are no real assets for EUA to sell imho' when your opinion doesn't matter when there are facts that overrule it. Assets Eurasia could vend out;

West Kytlim

Monchetundra

JORC compliant NKT

To name a few, so instead of using your opion, stick to facts. Whilst I also agree the BOD could be doing better, why throw such a ridiculous statement in there with it.

The company have a fully agreed EPC deal with Sinosteel in place until 2027, so yes they can mine MT and have been able to for many years.

Fair point, my question is then, why do they need to undertake the added step that wasn't required to the prior sale of the WK produce? As Eurasia have previously sold into the local market, with the funds making their way back to Euraisa via subsideries. Can this still be achieved, or does the buyer have to be an external party who can settle in a different manner?

If you care to read the roles our directors have, you should clearly be able to see who is in charge of pushing the deals. However I reiterate, why would anyone buy the projects prior to having a clear understading of what they are actually buying. I would argue therefore he has achieved his objectives in proving up the additional projects and has now positioned Eurasia to have a vastly greater NPV than when he took over.

Alot has happened since 2019 to change the scope of the projects now viable for sale both macro and with Eurasia. Eurasia needed to go through the steps of proving up the additional liscences to be packaged with MT such as NKT and MT flanks etc. So we now have multiple £billion projects with DFS's and a working mine in WK all packaged for disposal. If we had sold in 2019 we would only have a fraction of the NPV we are looking at today.

Christian Schaffalitzky, Eurasia’s Executive Chairman commented: “This reorganization is designed to optimise our execution team. We are delighted that James has agreed to take on the CEO role. James’s focus will be to work with our advisers on the sale process. Since joining Eurasia in November 2019 after completing due diligence on behalf of a potential buyer, James has got detailed knowledge of Eurasia’s assets and he is of immense help both in terms of the sale process and in terms of demonstrating to the interested parties the strength of our own management team and its capacity to execute. Dmitry changes his routine Board roles for the role of Chief M&A Officer and together with James will strengthen the management team involved in the workstreams with several interested parties. We are grateful to Dmitry for his long-term hard work on the Board level over 10 years and the Directors look forward to working with him in his new capacity”.

Also

In that regard, James Nieuwenhuys, a mining, processing and EPC specialist, is retiring as the Company's Chief Executive Officer with immediate effect. James has worked hard at taking the project to this milestone after similar work at West Kytlim and the Board wishes him well in his future activities.

Now that the projects are developed with relevant DFS report, no further mine development/processing/EPC is required and the company is now basically a nicely packaged shell for a buyer, why retain him and continue to pay his wage packet?

The projects on sale by Eurasia as some of the lowest capex required projects in some of the most sought after rescources in the world, please do some research. Of course Eurasia lost money, they had to spend it to develop the projects to the position we are in today ready for a transaction....