Member Info for pwlx

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.

Never mind, just seen it was tweeted and discussed here when it was released, I’m behind the times!

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…

Good interview overall. I'm almost certain they don't have the money to get PoC up and running judging by the interims, so I was disappointed to hear no mention of funding that in the interview. Hopefully can be funded through debt rather than equity though owing to the ease of profitability mentioned in the interview.

Get it profitable, get it sold - move onto the next one. It's worked for this team before, it'll work again. Happy to hold and buy more at these levels.

Scratch that, I’m completely wrong - sorry!

Hi del - just a quick one, I don’t think the Rosgeo JV was the reason we left the FSP, it was because the board had received (wording not verbatim but roughly correct); “an offer from a credible party to purchase substantially all of our assets.”

The JV with Rosgeo came after. For this reason I’m hopeful that MT is up for sale on its own, and that this will become actionable after the MT DFS is complete. Perhaps the buyer might get a right of first refusal to purchase Nyud from us once developed too - that’s pure speculation on my part but what I’m hoping for from all we know so far…

2 super chunky delayed trades printed after hours today from earlier in the morning. 2x 2.5m buys at 1.8p - somebody was awake and wanted to take a healthy sized position…

Freetrade…

Interesting to consider what’s made the market cap of the company more than halve since then. In my view the riskiest days of the war to the company were end of Feb - late June when nobody knew what was going to happen and sanctions were being applied. Now everyone knows where the company stands, that it’s unaffected, and yet the value has apparently sunk. Doesn’t make sense to me, which is why I’ve been buying more throughout.

Those sells this morning were fairly large for average daily volume but vol bought / sold isn’t far off equal if you believe the numbers, so shouldn’t have had too much of an impact. I can’t understand why people are selling right now either - it’s not a share for traders, it’s a long term hold so unless somebody’s had a cash call I’m stumped

No idea what’s going on. A sea of buys (and I believe they are actually buys as well based on the price I can currently sell at) and the share price drifting down. Shame I’ve no spare cash at the moment to buy more… Already been told that this months interims are going to be decent m

Just to do with how the LSE records trades - it's based on the official mid price at the time. If you've bought shares below the mid price, it will be flagged as a sell. Similarly if you've sold them above the mid price, it would be flagged as a buy. Nothing to worry about - it happens with every share.

Well, I also bought in coming out of the covid recovery when the share price had slipped from 20p to roughly 11.5. Partly hoping for a short term post-covid bounce and also because I like the company fundamentals, and (less important but a factor) the exposure to the share price for Anthony Burt. While it’s been painful to see the share price drop to such lows I haven’t considered selling - in fact I’ve managed to lower my average to 3.5p so at present I’m pretty happy.