Member Info for pwlx

Great to see details here, obviously funding is the next step - discussions been ongoing for a few months now, hopefully they'll be able to get an announcement lined up with regard to that for when the TMUP is issued. Don't want to be sat around waiting for finance but £1m to complete proof of concept shouldn't be hard to come by.

The only disappointing thing about Treadingcarefully's last statement is that we'll have to wait until the AGM resolutions appear in May or June to prove them wrong...

If you don’t believe in the growth strategy, then don’t buy shares. I don’t care, but don’t come here claiming that your opinions like “they won’t get debt finance” are fact because you have no idea what lending conditions might be. Of course neither do I, but I’ve been very clear and fair stating that there are options. You’re putting your view across as fact and that’s entirely unreasonable when you have absolutely nothing to base it on, and I will continue to call that out.

ajs8220 you clearly have no idea what you’re talking about; the interview starts by discussing the Batangas JV deal, which was only signed and released to market on 7th Feb this year, so how could it possibly be three months old?

Get back in your box please. Many thanks.

Yours sincerely

Actual investors.

Terry, just going to copy and paste my comment on this from the other day:

UK sales - I suspect with their ultra premium strategy would go better than you think but as an investor I don't need the company to launch in the UK. I'd like it so I can try their products, but it's not necessary for their growth. The company knows - as per recent interviews - that the UK market is pretty saturated which is why their growth strategy has been based on APAC and US where things are a lot different. Trying to scare investors off by whinging about their prospects in the UK market isn't going to work. The company are very clear about where their main growth is coming from.

UK market is *NOT* the be all and and all of this company, not at all. The main growth is going to come from elsewhere.

Decent interview, thanks for pointing it out. “TMUP in the next few weeks” is the standout quote for me. Let’s see if the SK gov can deliver in that timeframe this time…

Treadingcarefully is probably ignoring the fact that the original maiden reserves at MT were approved in around 15 weeks, and this DFS is only upgrading the resource so theoretically should take less time than this.

I'm reluctant to give you any more airtime but...

"These businesses don't do loans at this stage" - nonsense, especially as the company has just announced that their revenue is bang on target from the WHI research note of £3.2m for 2022. I'm not saying they definitely won't place - I'm saying they don't necessarily need to as other options are available and this fear mongering that the company is going to run out of cash is rubbish. Either way, they remain on track to profitability in 2025. Until evidence appears that they're no longer on track to meet that target, securing finance should not be an issue. Yes market conditions for raising capital are bad right now but that's the case with every share across the board and the amount needed here is small, so you're right - I'm not worried.

UK sales - I suspect with their ultra premium strategy would go better than you think but as an investor I don't need the company to launch in the UK. I'd like it so I can try their products, but it's not necessary for their growth. The company knows - as per recent interviews - that the UK market is pretty saturated which is why their growth strategy has been based on APAC and US where things are a lot different. Trying to scare investors off by whinging about their prospects in the UK market isn't going to work. The company are very clear about where their main growth is coming from.

Once again, your comments seem unduly pessimistic, you aren't a shareholder currently, so what are you trying to do? Just being a good samaritan trying to save a bunch of people you don't know from themselves? Or do you have another agenda in mind?

NFTs I’m just going to direct you to the WH Ireland Research Note available to download on EISB’s website which has their financial projections for the company. I don’t know why you’re here giving it all this against the company when you’ve said you don’t own shares any more, but it reeks of an agenda.

All investors are abundantly aware of the company’s financial position and the fact that they’re going to need more cash to continue on to profitability in around 2025, and as has already been discussed multiple times on this board that financing does not have to come via a placing - and I for one would prefer debt to a placing at these levels, obviously, and given the relatively small amount of cash they’ll need over the next few years - let’s not forget they are bringing in revenue as well so the cash burn really isn’t that bad - that debt should be very easy to find and service.

You aren’t contributing anything new here that people don’t already know, so it just feels like you’re trying to spread fear and influence PI’s decision making, which really isn’t reputable.

Thanks to countingcards for taking the time to deal with NFTs’ bull**** - I read it but didn’t even know where to begin, glad somebody’s taking them to task! Keep up the solid work

Dattabase - the Nyud license covers four of the nine Rosgeo JV areas and that license as you mention is now held by the JV company, although Eurasia doesn’t appear to have exercised its option to claim the 75% stake in that JV company as yet. The others aren’t “due” as such - the JV states that Eurasia has the option to choose which, if any, JV assets to develop and Eurasia has stated that they’re going to “use Nyud as a template for the remaining projects” so I don’t expect any further license transfers in this regard for the time being.

Treadingcarefully, as usual you have no idea what the company has delivered in the last year. Just because things haven't been announced to the market, doesn't mean they aren't happening.

2x chunky £27k buys today, somebody's optimistic... TMUPs due v. soon.....

Dave, very probably yes - I try to be conservative re my investments so I’m pleasantly surprised later on! But I’m very optimistic your numbers are more correct, get them gone so we can all move past this sorry tale!

Taylor Partners don’t want anything to do with EISB following their failed attempts to jimmy with the board. They’re selling down, at pace now, and they’ll be gone soon. By my reckoning they’ve gotten rid of at least 5m shares since the last TR1 so they’ll be down to 28m now, at this pace we give them another month or two and they’ll be out.

JP2000 - agreed, and some buying today potentially somebody increasing their shareholding to give them more clout in the vote.

Waiting to see the details / proxy form the company issue on their website. I’d have expected a bit more detail out of the RNS to be honest…

@CharlesRyder - I have to check my junk most mornings as half the time the stock exchange alerts go into my junk… :(

Great use of ChatGPT actually, nice one! I was trying to find more info on this the other day and not being able to search in Korean came up a bit of a blank…

I read your post thoroughly, and replied with three things they've TOLD us over the past year - tangible, value adding things.

There is a binding, notarised agreement with Rosgeo stating that we're entitled to 75% of Monchegorske LLC once Monchegorske holds that license. It now holds that license, we may not have taken our 75% ownership yet - but we're entitled to it, and for the time being that's more than good enough for me.

I would certainly like this to be concluded sooner rather than later - before the war gets any worse, but I'm firmly of the belief that there's nothing stopping us selling our assets and getting a dividend to the UK. My preferred option would be to sell everything we own by selling Urals Alluvial Platinum. A Chinese company for example, buying a Cypriot company, from a UK company, breaches no sanctions, touches no Russian banks, money, or shareholdings. Find a sanction that forbids that and I'll doff my cap to you.