Member Info for pwlx

I'm not sure how you can make a direct comparison here - and besides, miners think in terms of decades; future PGM demand is baked in to net zero plans irrespective of current pricing and as we all know, there's a finite amount of them. Of course there's going to be a Russia discount on the sale now compared to had the sale happened in late 2021, but sanctions don't matter to BRICS companies and that's who we're selling to. In any case, the value added since the start of the war including Nyud license, MT DFS, etc plus a bunch of stuff we probably don't even know about right now should mean that the Russia discount is offset by the new value added. No point being all down in the dumps about it - we are where we are and the Board are doing their best to get this sold.

The company are under no obligation to RNS the departure of a member of staff who isn’t on the Board. Let alone a member of staff who hasn’t held down a single job for more than 18 months since 2017… I’m sure the company are on it with regards to replacing him, as a shareholder I don’t need to hear about every step of that process - I’d rather they focussed on finding and appointing the right candidate.

Anybody attend the AGM yesterday? I’m sure probably not as it was in Jersey but if anyone did and had a little post AGM chat with anyone I’d be grateful to hear if they dropped any hints re TMUP progress!

m007j you’re absolutely correct. This isn’t the kind of company that needs to be putting out RNS’ every other week, just solid results in line with earnings predictions as published by WHI will do nicely. Been saying it for a long time this is a VERY long term hold for good returns, they won’t come straight away. Anyone who can’t hack that should be selling…

Stonk I’m absolutely certain that won’t be the case - EUA have happily still been referring to the Nyud license in their comms in full expectation that we still have the right to it. That notarised agreement will still be legally binding, just seeing that as a potential loophole to keep the license off EUA’s books for the time being - if they so choose, which it looks like they have done

LB - one small point on this re the notarised agreement; the agreement RNS stated that YGK would become 75% owner of Monchegorske when the Nyud license was transferred from Rosgeo to Monchegorske. The Nyud license, as it existed at the time, has lapsed and was not transferred - the one that’s been granted recently is a brand new license with a different license number, so maybe there’s some loophole been done there to allow EUA to not immediately claim that stake in Monchegorske. We’ll still be entitled to it, but the stake didn’t become ours immediately.

This isn’t corruption Tilly - city boys didn’t have a clue about this until I posted it onto Twitter and Telegram. RNS from the board in my view saying “shut up and be quiet, we’ve got this and we’ll let you know when we’ve sold up.”

On this occasion, thankfully, I think no shenanigans at all - SP rightly rose when it was discovered that the subsidiary set up to hold the Nyud license as part of the JV had been granted the license, and went down when the company issued a speeding ticket

I’ve emailed them to congratulate them on securing the license. No need to seek clarification in my view…

Disagree ukchips - their social media is pretty active.

Rags, the RNS didn’t specify who set up the JV company (that info is probably on Egrul but I’m not at my computer now) but we can assume it’s Rosgeo. Rosgeo set up the company, get the license transferred to / granted to that company, then transfer 75% ownership to EUA

@Ragsrob - the license is now owned by Monchegorske LLC, the company set up by Rosgeo in order to hold the license. Pursuant to the license being granted to Monchegorske and the notarised agreement signed between Eurasia and Rosgeo, Eurasia have the right to acquire 75% of Monchegorske, and thus the Nyud license. There is an option for Eurasia to acquire the remaining 25% also at their discretion.

To anyone claiming pump and dump or other rubbish, this information is out there in the public domain if you know where to access it and have a Russian VPN to allow you onto the sites. In this case it's rfgf.ru - the state register for subsoil use licenses. I shared this info this morning to benefit shareholders who deserve to have all the info that is publicly available, especially for the benefit of those who don't know where to go digging. I've provided screenshots of the website, along with an English translation, on Telegram and Twitter.

This is fantastic news, as it means the company is continuing to deliver on the intentions they've announced via RNS despite the geopolitical situation. Next step is to transfer 75% ownership of Monchegorske LLC into Eurasia - as per the JV RNS from nearly two years ago.

Good luck everyone - been a long time coming but feels like with this and the DFS we are approaching the end game.

Truthfactory, for the 100th time and as you’re well aware, the company can’t raise because they didn’t put the resolution to enable them to raise in the AGM, and why did they do that? Because they clearly didn’t anticipate a need to raise. Now who’s obfuscating?

Treadingcarefully says none, despite the fact the company is literally mining platinum at WK :’) we’ve truly entered the twilight zone now…

About the same as every other day

We got a half year update last year Roger (13th Jan), and same on the 21st July. No reason to believe this should be any different now and it’s standard business practise to give unaudited half or quarterly trading updates outside of annual reports and interims. Plus the research note on the company’s website says one is due in Jan.

Fish4chips, it’s not a WA report that was leaked onto Twitter, it’s a HC Wainwright research note. No market sensitive info, purely HCW’s opinion on the company using publicly available information for the benefit of their investors.

Well, never mind that then!

For what it’s worth I think the likeliest time for the trading update is 7am today… Hopefully going to be some good figures! (Now I’ve said this it definitely won’t appear today…)

When the company are ready to release them…