The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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"SBrace, it’s quite long and complicated to post here. Best to read it on twitter"
I don't see any long or complicated posts,
1) They think we have a new CEO
2) They quote a doc with no link suggesting the sale process is dependent upon no liability in one of the court cases.
3)Anonymous Cobra also suggests all Ukrainian supporters are Nazis so I would unfollow the idiot and get on with my life.
Have a nice weekend ;-)
Details arrived via Ii secure message at lunchtime today
Waiting for IVC from Ii
Apparently multiple applications were submitted on Friday so waiting for response.
SpikeyJ
You state
"“Of course..” at 55p???? - seriously!? - why?
… claiming that “of course” NN would be delighted to buy EUA for almost 20 times the current share price, with zero attempt to justify that with reference to proven reserves and published info about the mining economics here is just plain old-fashioned rampy b***-s***.
let’s see some proper calculations about the mining valuation, based on public domain info that anyone can independently verify, to show why someone like NN would want to pay anything even remotely close to that figure."
I could ask you to show the info to say it isn't worth the 55p figure mentioned.
The point is, we do not know, the DFS isn't published, some think this is a red flag, others feel it may be data room info available to one or several interested parties either previously or still engaged.
The only true statement is no body knows what it's worth except those with access to the info, and thus far it seems the board think it's worth more than anyone has been prepared to offer in the current climate.
Enjoy the weekend all see you Monday ;-)
No worries del,
Another recommended search would be "eventual"
It is always followed by "disposal"
;-)
Del,
First lines of Annual Report RNS
"Eurasia Mining Plc ("Eurasia", the "Company" or the "Group"), the palladium, platinum, rhodium, iridium and gold producing company, announces its audited financial results and operational summary for the year ending 31 December 2022 (the "Annual Report") as well as a notification of the Annual General Meeting (the "AGM"), to be held virtual via an electronic meeting platform on 26 July 2023 at 9:00am. More details can be found in the complete notice of AGM below, which together with the Form of Proxy, is available on the Company's website from 7:00am today."
Then first lines of Strategic Report section
"OPERATIONS UPDATE
Eurasia Mining Plc is a London listed, battery metals, PGM and green hydrogen Company with a focus on environmental and sustainability focused solutions, and with awareness of the future outlook for the world energy supply landscape. Eurasia is an international company incorporated in the UK with its headquarters in London."
Then Outlook
Outlook
In terms of the future development of Eurasia Mining PLC, we continue to look at expanding the business in various ways, including the development of hydrogen projects outside of Russia coupled with new mining opportunities in investment friendly jurisdictions. The Company remains committed to the continued sale of its assets in Russia
and finally notes to Financial Statement
1 General information
Eurasia Mining Plc (the "Company") is a public limited company incorporated and domiciled in Great Britain with its registered office at International House, 142 Cromwell Road, London SW7 4EF, United Kingdom and principal place of business at Clubhouse Holborn, 20 St Andrew Street, EC4A 3AG, United Kingdom. The Company's shares are listed on the AIM Market of the London Stock Exchange plc. The principal activities of the Company and its subsidiaries (collectively "Group") are related to the exploration for and development of battery metals, platinum group metals, gold and other minerals as well as green hydrogen projects.
Possible sale of Russian Assets as outlined in 3rd July RNS
…..The Board remains of the view that any buyer is likely to be found in BRICS countries. …..
ref to "the Buyer" changed to "any buyer"
……This process has now run on substantially longer than the Company's management team had anticipated…..
no kidding!
…..We acknowledge shareholder frustration regarding the duration of the sale process, ……
Sale process …..the process of selling ….. still looking for someone to buy
…….however, we also note recent precedent transactions which have successfully completed despite the geopolitical situation. …..
Due to the war / sanctions / counter sanctions / Presidential decree’s etc there are / have been many new obstacles for companies to overcome , different issues for different company’s, but they can be overcome ,
…….Further updates will be made as appropriate although there is currently low visibility as to when this might be…..
Low visibility does mean they do not have a Scooby how long shortly is.
……As ever, there can be no guarantee that Eurasia will enter into binding agreements regarding the sale process…..
Standard statement
Just my view of that para in RNS further reinforced by the comments in July 3rd RNS re Monchetundra DFS that said .
…..It is expected that counterparties will have their own plans for future development, and it is important to leave such options open…….
I is expected, not known left options open to …..Counterparties who "will"(in the future? have their own plans for development.
DR
Cheers for the correction, understood
DimitryReacts @11:30 "Parttimer32 - It's 500m shares pal."
I don't see that figure, what I see in resolutions 6&7 is up to the value of £500k or as I said 20M shares @ 2.5p per share.
Please correct me if I am wrong, see below for my ref.
6. That, in accordance with section 551 of the Companies Act 2006, the Directors be generally and unconditionally authorised to allot shares in the Company or grant rights to subscribe for or to convert any security into shares in the Company ("Rights") up to an aggregate nominal amount of £500,000 provided that this authority shall, unless renewed, varied or revoked by the Company, expire at the earlier of 18 months and the end of the next Annual General Meeting of the Company to be held after the date on which this resolution is passed, save that the Company may, before expiry, make an offer or agreement which would or might require shares to be allotted, or Rights to be granted and the Directors may allot shares or grant Rights in pursuance of such offer or agreement notwithstanding that the authority conferred by this resolution has expired. This authority is in substitution for all previous authorities conferred on the Directors in accordance with section 551 of the 2006 Act, but without prejudice to any allotment of equity securities already made or agreed to be made pursuant to this authority.
Special Resolutions
To consider, and if thought fit, pass the following resolutions as special resolutions:
7. That, subject to the passing of resolution 6, the Directors be given the general power to allot equity securities pursuant to section 570 (as defined by section 560 of the 2006 Act) for cash, either pursuant to the authority conferred by resolution 6 or by way of a sale of treasury shares, as if section 561(1) of the 2006 Act did not apply to any such allotment, provided that this power shall be limited to the allotment of equity securities up to an aggregate nominal amount of £500,000.
The power granted by this resolution will expire on the earlier of 18 months and conclusion of the Company's next annual general meeting (unless renewed, varied or revoked by the Company prior to or on that date) save that the Company may, before this expiry, make offers or agreements which would or might require equity securities to be allotted after the expiry and the Directors may allot equity securities in pursuance of any offer or agreement notwithstanding that the power conferred by this resolution has expired.
This resolution revokes and replaces all unexercised powers previously granted to the Directors to allot equity securities as if section 561(1) of the 2006 Act did not apply, but without prejudice to any allotment of equity securities already made or agreed to be made pursuant to this authority.
DR
I though I saw approx $4.3M on infrastructure & machinery
What about the other $11M?
My bad 20 M even less
Magnum PI
Only £500k though so just 40 M shares at 2.5p not a huge dilution is it?
Hi all, been away on hols for a couple of weeks, has anyone discussed the $15M+ loans to subs?
I assume this was supposed to be used as part of the raise for the JV, but that all looks a bit thin now.
So why loan the money if the JV is on ice?
Rather than dividend policy take a look at board remuneration. No wonder there’s been no sale Artem is been paid peanuts
The problem with raising interest rates is that it doesn't have the same impact as in previous cycles on the economy.
Over 8 million homes are owned outright in UK with 6million having mortgages (many of those on fixed rate deals). Until the pain is felt by the unlucky 6 million households the rest will continue to see little restriction on their spending other than continued value depreciation through the impact of inflation. This may continue for quite some time....
TC
When that is clear will you remain here?
You know, just to put off any unsuspecting newbies?
Asking for a friend ;-(
Fair enough...
So geography aside a like for like comparison of these mines- one open pit, one deep Vs MT
What would you think based on this sale price MT would be worth in this location?
Comments appreciated from all, no ramp or neg heads just opinions based on reserve / resource mining scale and life.
Lets see if we can have a sensible thread?
Still no comment on this
I find this astounding
Strange that people didn’t comment on this today. Speaks volumes me thinks ;-)