Member Info for pwlx

It is decent news but i wouldn’t expect a share price response. Placing is at current share price; nice to see Directors buying more but they already held a lot so no real price movement action. The jump(s) will come with the TMUP and then with a funding plan to finance the full mine construction.

Already mentioned in the RNS @p00rman - discussing funding with a potential backer to raise the funds required in exchange for gold once in production.

According to the WH Ireland research note the next event is a trading update in January - presumably as the new Broker they’ve got that timeline from the company so I’m not expecting it until then.

Hard to tell, most likely to be a transfer as it was late printed from this morning but doesn't look like it affected the share price at all which either way it should've done at that volume.

2x 2,000,000 buys this afternoon. Somebody’s confident…

Seemed a bit of a weird interview - nothing we hadn’t heard before, but nice to see the big man getting the word out there nevertheless.

Still would like to see the company RNS the WH Ireland research note though, I emailed them the other day suggesting they should but no response…

https://www.proactiveinvestors.co.uk/companies/news/998956/east-imperial-one-of-a-handful-of-truly-global-mixer-brands-998956.html?viewSource=TwitterUK

Looks like those 650,000 shares found another home fairly quickly - with a tidy profit for our beloved market makers too.

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

That 2 million trade pair looks like a transfer rather than a buy or sell.

@LB - CyberGhost VPN works for me, it’s one of the few that allows you to connect with a Russian IP address. Gets you onto rfgf, efgi, etc. Haven’t tried TSNigri but should do that as well.

@CALLS - I don't expect them to provide a source but good to keep asking!

Source?

@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.