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Not sure there’ll be no further issue of equity - company has to keep going through to profitability and positive net cash balance in 2025(E). I’d accept a small placing to pay for expansion if needed until then. Looking forward to the trading update in Jan…
Mac, I agree to some extent; don’t think we’ll ever see the full DFS - we’ll just the headline figures at some point next year assuming there hasn’t been a sale by then. Just trying to counter expectations that we’ll hear from the company as soon as it’s submitted :)
@okayfornow, just to clarify we have not been told to expect a DFS announcement by year end, we’ve been told the DFS is on schedule to be submitted by year end but that the company will release details of this when the response is received from the relevant authorities in Russia. Not likely to be this year
https://investors.eastimperial.com/wp-content/uploads/2022/11/FN-EISB-161122.pdf
@ragsrob Very unlikely - was originally stated as being prepared for submission in November 2022, then in the interims they pushed that back to the end of 2022. It could therefore be submitted any time between a few days ago and the end of next month, but it’ll take at least a month, if not 2 or 3, for the Russians to review it and send their response back to the company. Don’t expect to hear anything about it until at least mid Q1 next year is my advice.
@CTC Okay, well, the company has told us when we’re going to hear about the MT DFS and suggesting or expecting that you might hear about it before then is setting yourself and others up for disappointment. I’m not going to say they definitely won’t RNS its submission but I will commit to eating several of my hats if they do, because they’ve clearly told us they won’t.
All the best, Paul
They’ve already told us they won’t though. “ The Definitive Feasibility Study for the Monchetundra (West Nittis and Loipishnune) open pits is well advanced and on schedule for completion this year. Details of this report will be provided when a response is received from the relevant authorities.”
It’s not a poor show, it’s doing exactly what they’ve said they’ll do. Submitting a DFS isn’t market sensitive when they’ve already told us they’re going to do it so no need to RNS, and what would it achieve anyway?
@CTC submission of the DFS doesn’t warrant an RNS, we didn’t get one when the WK DFS was submitted and the company have said details of the MT one will only be released when a response has been received from the Russian authorities - probably Rosnedra. So am RNS almost 100% not coming due to submission of DFS, only on receipt of a response to it. Which could be a few months.
@LB - it was Glenn on the Telegram group who dredged up the document re Poaz license. Shows it was issued to Rosgeo on 27th Sept 2018 but lapsed on 31st December 2021. Haven't seen it reappear anywhere else as yet.
Does make me wonder why the Rosgeo JV agreement allowed Eurasia 24 months to decide which, if any, of the Rosgeo assets to take forward to development and therefore gain the licenses for, if Rosgeo knew that one of those licenses was going to lapse before the end of the 24 months was up. Maybe they anticipated an automatic extension?
Hi LB
Think this thread has Nyud and NKT linked together for some reason where there isn’t a link - the majority of NK(T) is within the Monchetundra Flanks exploration license that Eurasia already hold, and not part of the Rosgeo JV. Travyanaya (the T) which is beyond the northern end of MT Flanks license is listed a separate exploration license application at the moment which is going through the motions of the Rosnedra process.
That has to be applied for separately, Nyud as you point out should’ve been transferred to Monchegorske LLC but as we know that hasn’t happened and a new license application was filed in April this year.
Doesn’t help that the company themselves use different terms to describe the same area, but thought I’d clear up as it appears to have been confusion throughout the day.
@Del - Re Poaz, I’d have to check to be sure but I think Rosgeo allowed that license to lapse as well, and it hasn’t reappeared anywhere as yet. But as we know the company are progressing Nyud before other JV licenses so I don’t expect they’ve initiated a transfer or application for this area yet.
@everyone generally, I’ve managed to get onto some Russian sites today that we haven’t been able to get on for a while so now have another way of checking up with the issuance of new Subsoil Use and Subsoil Exploration licenses, so hopefully will see developments fairly quickly as and when they happen.
All the best, Paul
Just the several recent interviews CP has done I expect - investors didn’t really know about Bluebird, now they do. Possible the share price will die off again in the coming weeks until we get the final permit through for Kochang.
Anyone not willing to hold this share for 5+ years to realise good, solid returns shouldn’t be here in my opinion… It’s a long play for what should be an excellent ROI but it isn’t going to happen straight away. Patience…
Not sure what nice buys we were referring to yesterday. For reference, those 50,000 share purchases are 0.015% of the companies shares in issue. Very, very small - not remotely enough to start moving the price. I'm confident the share price will rise here but not due to the ebb and flow of the market - it'll be impacted by news and news alone I expect.
Hi LB
I dropped these co-ords onto Google Maps a while ago, link here: https://www.google.com/maps/d/u/0/edit?mid=1qMXUcX2jyje0229S6d0zeTVmD-b6v-4f&ll=67.9084577358519%2C32.8745107735635&z=11
Haven’t updated it to show Arva as returned but the coordinates are all there and up to date per the latest manifestations in TPI.
New Investor Presentation on the new BMV website, I hadn’t noticed this get published but it says Oct 2022 so very recent. Great presentation but new timelines basically confirm that there won’t be any pilot production this year as previously indicated. Plenty to stay invested in here, just still need to hear more about the financing situation…