Member Info for RMR1969

TMS

I may have missed it but you seem quite certain that EUA paid for the report, where does it state that?

I am aware that ACF are paid for their reports but I didn’t think it was clear as yet who had paid for the latest one?

D1873macca

You say the BOD turned down an offer in Oct 2019, I have been here a while and do not remember that. Are you able to point me in the direction of where you got that information from please......!

tow = two!

Ducter - FWIW my opinion is tow fold:

1. There is a degree of manipulation going on to retain the share at a particular level, it clearly suits certain parties
2. The volume of shares traded daily is actually very small, in fact exceptionally small, this process has been going on so long that most people have taken a position and are sticking with it, trading small amounts now and again for personal reasons, there are also a significant number of shares owned by the Board and certain other parties including II's - the share will not move dramatically when less than 1% of total shares in issue are traded daily, sometimes much less than 1%. Point 2 actually helps those responsible for point 1.

On news, whenever that happens and depending upon what that is, volumes will increase dramatically, buys and sells, then the SP will move.

ACF responded to a Tweet yesterday with regards to their report stating the updated valuation, I know many on here don't use Twitter so have copied it below for those who have not seen it......

"We think it is a solid base line give the extremely conservative assumptions used in this report. #EUA $EUA #PGM pricing et al."

I remain convinced that the timing of the report and the RNS were no coincidence and that the BOD were 'happy' for those numbers to be released.

In terms of the SP movement, aside from the shenanigans which are clearly going on, we should remember that even today less that 0.5% of shares have been traded, a very small amount due to so many being tied up and held. No SP is going to move dramatically at such a level.

pardariff - absolutely with regard to the manipulation, definitely games being played, not sure I am quite clever or astute enough to properly understand exactly how it is being done but there is no doubt it is happening and has been for a while, always a risk when the facts are unclear so the market can't fairly assess the true value.

Best of luck.

Pardariff - it's a reasonable question and one often asked, but simply any dividend cannot be priced in, we don't know what it might be, we don't know when it may be paid therefore no one is going to be prepared to 'pay' for it.

Put it another way, many on here believe it could be £1.00, indeed some believe more, but if the SP was for example 50p-60p hedging towards the £1 number, with some of the potential dividend 'baked in,' would you be buying shares, I guess not, no one is prepared to pay for something that may or may not happen in a time frame they are unclear of. SP's tend to price in actuals, some sentiment, some rumour, but generally facts, and then only when formally laid out so they can be assessed.

Presently we have much conjecture, the Board have hinted at much but have remained actually very tight lipped. I remain very bullish and have once again added this morning at 27p, believe it or not I have more than trebled my position since we came out of suspension, I never thought I would have the opportunity. Once the facts are laid out, when we have more details on MT, when we have details on a dividend, when perhaps we are made aware of what is being sold, what JV's are in place moving forwards, and who else is involved in the whole thing, perhaps then the SP will properly reflect what the business is truly worth.

Personally I am not one of the multiple pound believers, based on nothing other than I can't really believe I could be that lucky! I think 50-60p as a dividend is very possible with shares retained and depending on exactly what is retained, I would be happy with that.

EUA is all consuming at the moment, so much to think about, so many permutations, so very exciting and every RNS throws in a surprise. Next RNS due soon I would imagine.

ACF state quite clearly that the report estimates are HIGHLY CONSERVATIVE, and they ignore a number of key elements which we know to have significant value, not least the Rosgeo JV agreement.

It ignores the 17% devaluation of the Ruble, it ignores any Rhodium at MT, and it uses very low average metal prices albeit they have increased them from the last report (example being $13,000 for Rhodium when current price is double that.....)

So the report needs to read with all this context and for me it was very encouraging. Remember this is 'valuing the business' it also ignores any premium that a buyer would most likely be required to pay. All in all, I am not sure this valuation is a million miles away from what many on here have predicted for some time.

What I find most interesting is the timing of the report - now do we honestly believe that it has been released just after that RNS by sheer fluke - of course not, it is clear to me that Eurasia and ACF have timed this, and that being said, it suggests to me that the BOD are 'comfortable' with the figures, I have no doubt whatsoever that they have cast an eye over them before they were issued. ACF are an issuer-pays research company, we just don't know as yet who paid for this report.......!

So 75p bearing in mind it isn't even all of the assets and is, by it's own admission, highly conservative in almost every point in which they value us, and it takes no account of any premium which may be required to take all or part of the company......!

Very happy with that.

roger65

Previous report attached, much has changed for the better since then............!

https://acfequityresearch.com/eurasia-mining/

Thanks CAW1, I will take a look

Have a great day!

CAW1

I wasn't around much yesterday - can you point me in the direction of the licence approval from yesterday.....? I missed that.

Cheers

TBBT - far from asking the 'right questions' as you suggest, it is merely another example of MF covering all bases - it states the following all in one small article:

1. "it has billions of pounds’ worth of resources waiting to be dug up at its existing mining operations"
2. "the potential for a lofty payday does exist"
3. "on Wednesday evening last week, it announced that multiple acquisition offers have been made"
4. "it may not even happen"
5. "Eurasia seems to be performing relatively well"
6. "Eurasia’s assets is mainly driven by fluctuating commodity prices"
7. "I won’t be adding Eurasia Mining to my portfolio for now. But if I were an existing shareholder, I would personally hold onto my shares and see how things develop over the next few months."

So, it's had offers, it's doing well, it might sell and give a lofty payday, it might not sell, I am not buying at the moment, but if I owned shares I would hold.

Great advice there (not), pretty much every aspect covered and hence the ability to refer back to it one day and say - "we told you so, we were right!"

Dinoman - totally agree, personally I am very happy to be back trading and with a business which has some incredible potential, I care less about the current price, it will take time for people to hear about us, time for press releases to be done, time for PR to kick in etc etc, but if we have what we are told we have then all this will happen in time.

I was disappointed with some of the comms at the time of the presentation, in particular their refusal to answer SH questions directly, however I voiced my concerns to them and received an email back from Tim which I was happy with.

Most thought this was lost, so treat it like it was, forget about it for the next 6 months or so and then come back.

I have not sold any, and will not, I will watch closely however, if it does drop much I will be adding.

GLA

tony_currie

I think you need to go away and do a little more research, oh, and the SP did not hit 55p in December.

I am not so sure about Rosgeo, if you read the RNS again it states that the ‘new’ approach came in AFTER the JV agreement, almost as though it came as a direct consequence of the JV arrangement, why would it therefore be the the one thing which is retained?

MadStork

There have been non binding offers for the company, we were made aware of that earlier in the year.

Re read the RNS and emphasise the word 'However', from this it is clear to me that post the JV agreement with Rosgeo, another offer materialised which outbid everyone else, it was obviously preferred by the Board for some reason, maybe they were even 'encouraged' to take it......! Russia and Japan are very keen to work together at the moment. We know that Rosgeo are State owned and we also know that JOGMEC have been mentioned.

I think it is a bit silly to try and pull apart the words 'potential' and 'proposal' - they are frequently used in such scenarios before anything is finalised, it is nothing unusual.

Clearly some work remains to be done, I think your evolving theories are running out of steam.....

rooblertwo

That is not quite correct, I am currently in profit at this price, not much but profit nonetheless.

I am sure there will be others who are too as I cannot have the lowest average share price. I bought when we were Photonstar and also took advantage of the Open Offer to reduce my average.

Unfortunately I cannot trade presently as with Halifax and they are rubbish, that said I was not looking to sell, in fact, when I can trade, if the price drops any further, I will likely add to my position. Currently sitting on 60,000 shares in the new company.

Busy day of course and one of the busiest for a long while, but interesting to note that still less than 2% of shares traded...............imagine that would be a much bigger % in many other companies after such an RNS and once again demonstrates there are so many in sticky hands.

Go to go back to the now infamous AC 'sell' to have a higher volume, and early December prior to that which I think was as a result of the 2.9 announcement.

As most here I imagine, I have read and re read the RNS, the word that now sticks out to me is 'However....'

It seems clear that the Board received a bid outside of the FSP which trumped all and this happened after doing the JV deal with Rosgeo, and that simply has to be the Japanese connection.

I am with Ian, when you look up what 'substantially all' means in a M&A context, it is the whole business less the bits and bobs the offeror has no interest in, it is legal jargon. Hopefully there could be some interest retained moving forwards so we can benefit from future metal prices in this very lucrative market, but that would be icing on the cake.

Again we wait, certainly tests the patience, but I think we all realise we are truly at the business end now.

GLA, have a great evening. Two good games on tonight and key for Liverpool to win.......beer and pizza for me I think!

oldspursfan

That is the million dollar question (or perhaps billion dollar question.....)

What does significant mean?

Compared to current share price?

% of current share price?

I believe we will have to have further details before trading resumes, as someone else stated, surely the market cannot be left with that statement and then left to it's own devices........

If we assume we are talking about selling MT and WK perhaps we could use the ACF report as a benchmark for the value of WK and MT (55-60p), since then we have had additional WK licences, a WK resource upgrade, MT flanks granted, metal prices have increased, demand has increased, supply has been hit elsewhere, I would be delighted with anything north of 50p, some will be retained to fund future growth of course and we will have fees to pay.

I really have no idea, just so pleased that we are now truly at the business end of proceedings.