Member Info for Sharegar

There are so many positives going on with this company and I believe management are correct in pursuing the current strategy which is based on cash generation and growth that is also focussed on quick cash generation.
However, it is always good to think about the longer term. Step forward Tjate.
My preference would be to hold on to this asset with diamond hands until the Platinum price is much higher.
Then I think there are a couple of great options.
1. Set-up a JV with an established mining company and we just sit back and take no risk. However, we would be left with a smaller %. Typically 25% if the partner de-risks the project.
2. Make it clear we have no intention of mining, but carry out exploration and see if we can establish a resource that reflects the massive potential of this property stated on Jubilee website. (that is : Targeted exploration 70 M oz PGMs over three farms).
Option 2 would be my choice.
In 1-2 years time I would not mind some of our strong cash flow being re-directed into Tjate.

GLA Sharegar.

I was watching this Altus for a while.
Thought it was too good to refuse at just over 60p last week. Below the placement price!
I like the geographical diversity.
Plenty of land to explore and then form partnerships at the right time.
They have their own pet project that could potentially cover the current SP on its own.
What really made my decision easy was the acquisition of Moroccan land along the Atlas trend.
On the TSX I have been invested in Aya Gold and Silver. That company is worth studying to show what potential the Atlas trend in Morocco has.
If you look you will see what I mean.
I conclude that Altus has a great business plan and should create value progressively and because there is so much blue sky potential over many large land packages, with a bit of luck we could hit the Jackpot and Multi bag at any given time.
That is the sort of bet I like, one with solid foundations.

GLA Sharegar.

Excellent interview.
I do not think I have seen Harry as confident as this before.
Also interesting was the mention that some investors have been funding Kefi to prevent further dilution.
To me that reeks confidence and it is good for the PI as well.

I had trouble with the links provided, hope this works!
https://vimeo.com/560293726

If the funding is confirmed this month, Kefi will surely have a significant re-rate (4p-6p within a month??).
I believe the re-rate will be larger than normal for this type of news and that is because of the numerous historical delays that to be fair are not all the fault of Kefi.
Saudi is another reason to be cheerful. The market has not woken up to the great potential we have in proving up a world class discovery.
The grades look very economical and the drilling campaigns so far have been excellent.
Happy to take my chances.

GLA Sharegar.

As suspected once the sales get to a certain amount (>40K) we start throwing off cash.
The market on our doorstep is massive and the longer term ambition is to get up to 400K/TPA. The current facility has already been set up for this target.
Not sure how long it will take, but at current rates we could possibly be there in 3-5 years and while we are doing that the share price would be appreciating as the cash accumulates at increasing rates.
What to do with the money?
Brian hinted at acquisitions. However, wisely said that it was not a good idea while our SP is so low and under valued by the market.
So dividends? I say no!
While our SP is so low it would make much more sense to start a share buy back programme.
This would create much more value for shareholders, and I believe it would also bring the share price up to more realistic values making it a useful tool giving us leverage for takeovers.
We have a 100+ year supply of KPFertil. So what should our P/E be?
I think 25 P/E is quoted on the Harvest Website for established companies. Assuming the positive trends continue and we grow our sales and become an established supplier, then the value of the shares can only go much higher.
On top of all that. There is the real threat of inflation which means our product will be in demand at even higher prices.
Potential 10 bagger in a year or two IMO.

GLA Sharegar.

ACF and WK. Lol.
I'm in too much of a rush!

What valuation will AFC have on their next update?
Original was 57.7p. (It had a30% discount due to Flanks not being issued at that point).

Since the report:
1. Conformation of the flanks.
2. JV with Rosgeo (yet another world class partner). Nine open pits with optionality.
3. The above two take our Pd equiv up from 2Moz to just under 50M Oz Pd. Taking into account our 75% portion for the JV.
4. Many offers received during FSP.
5. Board have selected the best offer (juicy details still to be confirmed).
6. UBS/DLA Piper/CITIC/VTB involvement throughout process.
7.WKM DFS approved.
8. Production at WKM will be 3 pits this year.
9. Potential for further resources with drilling or more applications.
10. EGM vote sailed through without a problem.
11. All metals have went up significantly in value. PD/Pt/Rh/Ir/Cu/Ni and any more you could name.

If AFC do not at least triple their target price to 180p then you could knock me over with a feather.

GLA DYOR Sharegar.

Great News today. Land Ahoy!
It is the RNS we have been waiting for.
The multiple offers that the green box people conveniently did not acknowledge have now been whittled down to one substantial offer that the board will concentrate on.
In other words we should have some sort of recommendation from the board once they reveal the details of the bid.
It is also interesting that the offer price has not been revealed. Is it because they have still to formalise the closing of the FSP process?
A few more trading days should be in everyone's interests.
This could allow the SP to sky rocket to a more realistic amount before a hefty premium when all the relevant details are announced.

GLA Sharegar.

Well done to all holders. Especially those who have been here for many years and the MACnificent informed contributors. Too many to name. You know who you are!
Now where is that Rum?

So much has changed since the Feb 2020 AFC report and valuation of EUA (55p-60p)
1. Flanks approved, therefore removing the 30% discount to their original valuation.
2. The JV with Rosgeo and the addition of mainly open pit most likely low cost 105M Oz Platinum equiv.
3. Japanese/Asian interest that will strengthen our negotiation power further.
4. Point 3 includes companies with $20+ Billion revenues and our new director who has been part of fund management that had assets measured in the trillions of $'s.
5. Rhodium/Palladium/Platinum/Iridium/Copper/Nickel all up in price by significant margins and this is money that goes directly into the bottom line as our costs are the lowest in the industry.
6. WK DFS complete and now we are able to produce from several pits and work all year round including preparation for the mining season.
Further to those points I would also add a few more significant points in our favour that are more obvious now than they were back then.
7. The Green revolution is gaining traction.
8. Currency devaluation will continue (Will the West pay off their debt the honest way? No chance!)
9. COVID is ongoing making already high cost deep underground SA mining less reliable and riskier.
10. The deficits in the metals is still there and has potential for getting wider (Green revolution).
11. Recent flooding of NN mines has a significant effect on Pd supply.

The new valuation for EUA from an AFC type report.
My educated guess would be 60p x 5= 300p and that I believe is reasonable.

Any thoughts on the potential AFC update?

GLA DYOR Sharegar.

Thanks again Anders,
Your communication (the timing request for the RNS was also thoughtful) has been much appreciated and has also meant the bot flies could not get up to their usual nonsense with their wild theories.
A sentence with bot flies and theories is unusual because that implies that they think.
Once again, best wishes in your new luxury abode and I'm sure your looking forward to the FSP conclusion so you can collect the Lions share of your loot.

GLA Sharegar.

Anders,
You have shown what a class act you are. No one can argue with your decision to buy a dream house.
Hope you enjoy it.
Still got plenty of skin in the game!! Yippee.
Now, about that house warming party you are having once the FSP is finalised.
Just one question regarding the detail.
Does your swimming pool have enough room for our boat?
Do not worry we will bring our own Rum.

GLA Sharegar.

In summary, the trend is our friend.
That is all you we need to know and its looking great for a long profitable future.
Word gets around when there is a great product that is cheap and boosts an ever growing variety of crops yields. Importantly the product is much more environmentally friendly (soil and atmosphere!) than expensive imported alternatives, so the authorities should be supportive.
This is what a modern company should be. It is now creating value for customers and investors alike.

GLA Sharegar.

The Japanese/Asian update on Friday was very positive. In fact a masterstroke.
The FSP for Monchetundra and WK is still very much alive, that is made crystal clear in the RNS. This JV is being advanced "concurrently".
The previous announcement or the JV with Rosgeo was another massive bunch of feathers in our cap, and I'm tickled pink. (an extra 105M Oz Pt equiv 75% JV).
The way I look at it is by imagining EUA were just developing the company and we were not depending or looking for an asset sale. In this scenario anyone could see that this Japanese connection answers the questions that some have regarding, how can little Eurasia possibly advance these massive assets to production. Well the answer is there for all to see and it is spectacular. The board have made all the right moves yet again.
Now back to the FSP. Lets say the negotiations were not going our way and we wanted more. We do not need to say "please sir we would like some more" and while you are at it "could you please help us out with our other gigantic portfolio".
We now hold all the aces in the negotiations and the potential suiters know this. They now know it is a reality that we can develop this treasure chest ourselves and I can say for the first time that this option is starting to look just as good or even better than the FSP conclusion we have been eagerly waiting for.
True, it may take longer to hit the really high share price of multiple £'s but with such world class plans I would be prepared to wait.
Do not forget "binding offers are being progressed".
Good times ahead no matter what option the good ship Eurasia takes going forward.

One final thought. How many small companies have the 75% portion of a JV with world class entities such as Rosgeo? I think the answer is none!.
There is no way the Russian government would have given all this responsibility to Eurasia without knowing that they were the real deal and plans were already in place to ensure these assets were going to be developed in a timely manner.

GLA Sharegar.

T1995,
I think your last post is spot on.
I see the risk profile for this company in a very similar way.
The decisions from management in the last few years have progressed the company with a long term goal for a sustainable business in mind.
We are now at the sweet spot and I think the market will slowly waken up. It is clear that we are not a hyped up stock. All you need to do is look at the daily share transactions. Not many investors realise the great potential.
I bought into this company after watching the Crux Interview last year and have not been disappointed with what the company has done since then. In fact I've been impressed.
Clearly COVID has been an issue. However, despite this serious problem we have never been in a better position in terms of upside potential based on steadily increasing sales.
Going back to the Crux interview. Mark Heyhoe was probably most criticised for his omission of a sales target.
I like the interviewer very much (Matt). However on this occasion, I thought Mark Heyhoe was correct to keep the internal targets to himself. He explained that this was based on independent advice, and it would be wrong to speculate.
This makes the improving targets for sales more credible now. I am very happy to hold for a long time and believe we are going to go from strength to strength and the trends support this.

GLA Sharegar.

As CAW1 points out in an earlier post (see 19:40)
https://www.lse.co.uk/rns/EUA/board-changes-f91pk9lukr0kgua.html
As far as I am concerned this RNS is the smoking gun.
Even inspector Clouseau would come to the conclusion that Le sale was as good as in Le bag as early as Sep 2020.
Non binding offers would almost certainly have been the catalyst to make such strategic changes to the board.
I do not think it could be any more obvious that the board were at the beginning of converting non-binding offers to binding. (Dmitry-M&A Officer- we have a clue).
Everything that has happened since has been consistent with the process. All the plans that Dmitry talked about in the October 2019 Proactive interview have materialised. Think of the Flanks, WK DFS and the 40M plus Palladium equivalent Mega bonus(Rosgeo JV-we now know).
UBS, Citic, VTB and finally DLA Piper. The best in the world.
https://www.youtube.com/watch?v=d_YMY6yiMDE
Very important @ 11:10 we now know Dmitry was talking about the birth of the Rosgeo JV.
The deal is complicated: Yes, that is why it has took time.
The deal is massive: IMO Yes, in an understated tone.
Finally I think the inspector knows Tilly!
Clouseau: Do you have a REUM?
Inn Keeper: I do not know what a REUM iz!
Clouseau: Zimma
Inn Keeper: Ahhh.. a RRRUUUMMM!
Clouseau: That is what I have been saying you idiot! REUM!

GLA Sharegar (Red Reum for me).

Montmuzard,
You do not need to be sorry about a great post! (@11:39)
The extra information you have added gave the tweet context and reassures your fellow investors what the potential value of this company has to a buyer and it is MEGA x MASSIVE x SIZABLE.

GLA DYOR Sharegar.

Thanks Trift8082,
I was wondering if this makes sense.
All companies will be aware that people are probably rushing to fill their ISA at the start of a tax year.
So does that mean that it was always unlikely that APR 6th was unlikely for a conclusion to something as big as an FSP.
Maybe next Monday at the earliest? That would allow investors to reposition their portfolios.

GLA Sharegar.

Another nice touch that shows the management are continuing to show what a professional and environmentally friendly company we are.
This should appeal to customers and investors alike.

GLA Sharegar.

Trift8082 brings up an interesting point, Regarding Ian's conversation with the Halifax guy.
(I think you were only joking BTW).

As verbs the difference between persuade and advise
is that persuade is to successfully convince (someone) to agree to, accept, or do something, usually through reasoning and verbal influence compare sway while advise is to give advice to; to offer an opinion, as worthy or expedient to be followed.

So I would conclude that Ian was careful in his wording and that is why he said "persuaded".
It was not advice and therefore Ok.

GLA Sharegar.

I would conclude that AMC is therefore in the top 20 undeveloped projects.
So what is your point TDT?

It has been a quite long time since Leon was interviewed on Crux Investor.
I think investors would be very impressed when they hear how our story has progressed and I'm sure Leon would have plenty of interesting thins to say about our future plans.
The original interviews are linked below. I highly recommend all of these interviews as essential research for new investors.

https://www.youtube.com/watch?v=6ZMNrNAfBc0
https://www.youtube.com/watch?v=Zmw3wyPVKE4&t=14s
https://www.youtube.com/watch?v=HXi5xrWx3qA&t=3s

GLA Sharegar.