Member Info for Sharegar

GLG is going away again? More comebacks than the Rocky movies.
Good, means I will have less green boxes cluttering my screen.

GLG asks hysterically. but how do you know I'm leaving?
I must admit he/she/bot is my guilty green box /unboxed secret. I just can not fathom why anyone can have so many changes in opinion and still think they are up there with the likes of Mac/Tilly/Ian and many more consistent and informative posters.

GLA Sharegar.

I have a feeling that our drums of Rum will soon be under siege.
The shorters are very soon going to need something to steady their nerves and help them forget and only Tilly's Rum is up to the job.
Excellent communications today from both Eurasia and Amur today.
Just like many well researched shipmates have been saying. The sanctions do not apply to either company.
….and its plain selling on calm waters.

There is a tidal wave of value creating information about to be released that will have a Helium induced effect on the SP, due to the fusion effect of our super heated Hydrogen plans.

GLA Sharegar.

Eurasia, should issue an RNS a bit like the one Amur have released in the last half hour.
swing of more than 30% so far for them today from low of 1.87p.
Amur have confirmed that they are not affected by any sanctions.
Eurasia can say the same, remind the market the sale is still on and very close and while they are at it let the market know that we are well below 26.5p Institutions paid and wanted more at.

23 Feb 2022
AMUR MINERALS CORPORATION

(AIM: AMC)



Russian Sanctions - No Impact



Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, announces that the Company has had the opportunity to review the UK and USA sanctions documentation as of the close of business in the USA (documents dated 22 February 2022). There is no impact on our operations or activities within the Russian Federation. No one individual or entity identified within the documentation is associated with the Company in any way.

TC101,
There will be some paths blocked as you rightly mention.
However, there are many alternative routes to the same sale destination.
We are dealing with UBS (Swiss) and WA (UK offices) plus we are a UK listed company.
If Boris was aiming for us then he missed.

GLA Sharegar.

Now that Boris has revealed his weak hand with limited sanctions that will not affect EUA it is time for the JORC/Licence RNS to end the day blue.
In this case it was sell the rumour and now it is time buy the news.

mizman points out,
BOJO, has put forward a poor set of sanctions. 5 banks and some individuals. Effectively the conflict is over. No further sanctions as long as Putin does not invade Ukraine proper.

The west has conceded Donetsk and Lugansk to Russia.

Now EUA a British company, can sell its assets to a Russian/Japanese consortium.

Name_mike

In terms of resource expansion. I'm pretty sure I remember someone saying that they have only tested resource to a fairly shallow level and what TSAE says also rings a bell.
So I would be very surprised if they could not add significantly to the resource at Arapua.
To maximise profits I'm sure they could build more facilities using the strong cash flow that would be generated at 400Kt/year. These facilities could be strategically placed.
Profit margins would go up because we already have the support in place at administration/sales levels which would be utilised for any expansion of our production.
Clearly we are also gaining traction from word of mouth with more farmers using our product having great results and scaling up their use.

Eurasia must prioritise update on the status of the licences. IMO this is probably the biggest drag on the SP at the moment and obviously the Russia/Ukraine situation is probably being blamed for the Issue/transfer of licence doubts.. The licences are crucial for the structuring to be completed. No sale without licences, so please eliminate the doubt.
Months ago, the board let it be known that these licences were at an "advanced stage". This in hindsight is not accurate, shareholders deserve an update.
On certain matters the board could have done much better with their communications. The other obvious example was "shotlygate".
If we can have clarification there is then no reason to doubt the sale will finally conclude.
The recent statements from RNS on 14 Feb 2021 are very positive but the doubters/shorters are taking full advantage when important components of the deal are not updated to the market in a consistent fashion.
So come on board, sort out those loose ends and further to that give as much information as you can.
Take Amur as an example. They managed to start the ball rolling with an indication of the sale price.
I think it is also time for another reverse speeding ticket. We are well below 26.5p II prices.
Saying the Directors are calm etc is nothing of substance, you would say that and it means nothing in a legal sense.. I remember Chemical (comical) Ali and his optimism.
At Eurasia, 2 years later there is still doubt about what is actually being sold and for what price.
Below: what was said on 14 Feb 2022.
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are pleased that our structuring is approaching completion, as we work hard with DLA Piper and our other legal advisers. As announced on 8 February, we are making good progress despite the current geopolitical context and a separate announcement will be provided. Contrary to speculations, the Directors and the Officers of Eurasia have not sold any shares and, as the largest shareholder group, are focused on the liquidity event along with all shareholders".
James Nieuwenhuys, CEO and Managing Director of Eurasia commented: We are looking forward to completing the split of our nickel, PGM and hydrogen projects into separate subsidiary companies that allows us to execute on our strategy as previously announced".
I am in till the end and I do believe in the board (I do think they have been brilliant in 95% of their actions) but I think a few home truths need to be brought into the open.
Looking forward to the "liquidity event" but there are two paths. The stressful option or the stress free option.
More information of substance= Less stress.
C'mon Eurasia get over that winning line.

GLA Sharegar.

Interesting snippet from Vox royalty.
Vox have started to receive cash from their royalty agreement on the SEGILOLA GOLD PROJECT.
Watch video from 3:40 for a couple of minutes. They speak about Thor Explorations.
https://www.youtube.com/watch?v=sqHdlNAOxEk&t=220s
Guidance has been given to Vox for the next three years and they are very pleased and as a Thor shareholder so am I.
Our mine has exceptional grades for open pit and very few miners get off to such a great start as Thor Explorations.
First mover advantage in Nigeria. Management and staff have done a great job in such a short time.
The story has only just begun.

GLA Sharegar.

Had a scan over 10+ of my TSX shares on the Stockhouse chat forum's.
Virtually no-one worrying about Russia/Ukraine situation.
Similarly on ASX boards (Hot Copper). Not looked at too much but again there is not any signs of investors being overly worried.
It just seems to be our Politicians/Media that have stirred up a frenzy. Continually getting their "imminent" predictions wrong.
Obviously this is the last chance saloon for derampers to try and put doubt into EUA investors minds.

Meanwhile Eurasia are finalising the structuring of their subsidiaries. Which allows them to execute their strategy.
If you carefully read the RNS's over the last year and a half I think you will conclude that Kola Nickel will definitely be part of the liquidity event.
This subsidiary will include NKT and NYUD as well as MT/flanks. These are near production Nickel dominant mines. Once the NPV for the sum of parts comes out it will make the NPV of $1.9B @8.33% NKT for spot price look like small change.
The board have been very consistent in the sale process referencing all the way back to 12 May 2022 when the "credible party" was first announced. The only unexpected developments have been added interest of other parties.
The Kola Mining (PGM/predominant) and Hydrogen business going forward is not quite as clear cut, but you can be assured that EUA 2.0 will not be a disappointment. There is massive interest coming from Japan and I'm sure there will be exciting news going forward.
Throw in more licences. We will have north of 200M Oz Platinum equivalent, easily.
Remember the NPV of NKT ($1.9B@spot prices) is only based on just over 11M Oz Platinum equivalent.
The Dividend policy for >80% return is already in place and DLA Piper are finishing off the paperwork. EUA will be releasing a series of JORCS soon and will be providing further updates on the sale plus further news on new licences/transfers.
There is plenty of near term news events that will re-rate the SP before the Mega dividend is unveiled.
Do you think a market Cap of less than $0.8B for >$200B in-ground value will be the end point?
Thought not.

GLA Sharegar.

Thought I would do a top up today for 89,879 shares to bring my holding up to a nice round 250,000 shares.
An excellent "small but big project" and another "Massive project".
Both open in all directions very good ore grades/widths and plenty to find at depth as well.
Closing the finance is a hurdle that if we clear then the SP may never look back at such low levels ever again.
Onwards and upward!

GLA Sharegar.

Thought I would buy another 60,000 shares today to nearly double my holding.
Economics look terrific and currently valued significantly below 5% of NPV using current spot prices of MOP.
Low Capex project when compared to others of similar scale (mainly due to decline and no requirement for shaft).
Plenty of upside regarding already long mine life. 30 years+ looks very realistic.
Looking forward to further progress with milestones being reached.
Surely financiers will be falling over themselves to be involved and there should be no problems getting off take partners with plenty of wriggle room regarding pricing.
Not to forget how well we are positioned strategically which is a great advantage to counter rising energy costs.
I'm sure we have more than enough Sunshine in Morocco to take advantage of the growing green power solutions. This will help keep our costs down.

GLA Sharegar.

It is Ironic that the liquidity event will have shorts underwater.

Good observation from GingerHippo on twitter today.
“our structuring is approaching completion, as we work hard with DLA Piper and our other legal advisers.” no mention of UBS. Presumably their part has already been completed. Just the legal bits left before our #SignificantDividend

Today’s RNS indicates our portion of EBITDA will be 252 ZAR for capex outlay of 180 ZAR. This is for only 2.7MW portion of the first project, which can be scaled quickly to 8MW.
The RNS for 24 SEP 2022 Half year report outlined the plans for another 6 similar projects. This means we should expect a total of 50 MW and therefore more profits to come.
Therefore, if you do a very crude calculation (assuming capex is constant per MW addition) that would mean we multiply EBITDA margin by 18.5.
I make that EBITDA of 1332 ZAR or £66.6m for KIBO’s portion.
Superb numbers for a company currently valued at less than £6m and remember we own 55% of Mast Energy (A £10.5m company!).
However, I am slightly confused about our coal assets in terms of value.
Included in the message today was:
Louis Coetzee, Chief Executive Officer of Kibo, commented: "Following the Company's disinvestment from coal.”
As far as I am aware, there has not yet been an announcement about how much Kibo will receive for these assets.
The half year report was very bullish about our prospects going forward with regards to the coal assets.
It stated we would retain upside value after disposal. Cash plus Royalties? Another Spin out company?
So, I conclude that today was an excellent step forward for KIBO and that is why the market liked it.
Energy prices on the up and coal prices much higher than months ago.
More to come IMO.

GLA Sharegar.

Krayl49
I do not think that scenario would happen.
I'm pretty sure that the Tax people take note of these big events and the 30 day B+B rule does not make any difference.
Ex Div, After consolidation etc.
I have noticed being attached to descriptions of relevant shares in my account.
So, I do not think that is a way to avoid tax on profits.
If they are not protected in an ISA it mainly comes down to the choice of accepting the dividend and potentially paying more tax, or selling for a lower CGT (depends on individual circumstances) and taking a risk in having to buy back into EUA2.
It would be good if we were given a Spin out of EUA2 before it goes ex-Massive Dividend.
That way you could sell without the worry of not getting in again for the next exciting EUA Rum drinking adventure.

GLA Sharegar.

I Knew it all along.
Tillywiz is actually Christian Schaffalitzky.
Quote: "focused on the liquidity event along with all shareholders".
The Wiz of PGM Oz has to be talking about Rum and its sure to be flowing very soon.
It's official there is going to be a "Kraken" deal.
Some loyal sailors may not drink their Rum straight. I will not Judge!
So, Mac will kindly be providing a steady supply of Kola.

LIQUIDITY ALERT.
Rums all round. Sharegar. (No GLA required). Rums all Round.

Brisk,
To hopefully answer your questions.
I do not think the NKT open Pit plus the high grade veins they mentioned in the previous RNS were included in yesterdays resource update and I believe this because they have not communicated to shareholders about the JORC for those items that they had mentioned before.
Also, worth remembering is the fact that the JORC resources for NKT turned out to be significantly higher than the Russian classified resources.
It seems to me that it is very likely that all the other JORC resources that are currently being assessed in draft form will pleasantly surprise us all again and trump the Russian classified amounts.
I think we could be talking about resources significantly above 200 Million Oz Platinum equivalents.
Also factor in what new licences that they have alluded to will bring to the party.
An update on the potential sale will be provided. We eagerly await that one!
Trace the RNS's relating to this announcement (first 28th Oct 2021 and then 12 May 2021). I come to the conclusion that the "credible buyer" who have successfully completed due diligence are still in the race but there are other runners breathing heavily on their back.
BIDDING WAR.
"Advancing several transactions"
GLA IMO Sharegar.

One or two things to note regarding our Resources.
When the NKT resource was updated to JORC in a recent RNS we found out the new resource amount was much more than the previously conservative Russian classification (Which do not include P3 categories).
Note: NKT was still to be further upsized.
Eurasia are now in receipt of the draft JORC which is IMO going to give us an increase again when compared to the Russian classification.
I do not think EUA would have published this resource update if they thought it would be revised down once they have checked the draft JORC that has been handed to them for review.
Add in more licences (RNS)) and we IMO will be on our way to significantly north of 200 Million Ounces of Pt equivalent.
That is why they use terms like Tier 0ne/World Class and compare our resources to the Bushveld region.
The sale reference traces back to the "buyer" who successfully completed their due diligence and we knew that there was added competition from the RNS on 28 Oct 2021.
EUA also motioned the imminent sale update in their tweet yesterday.
Looks good to me.

GLA DYOR Sharegar.

GLA Sharegar.

Not sure if I should be repeating (NDA and all that) but I overheard two Japanese Business men in deep conversation when I was having lunch at my favourite Sushi bar in the city.
One of them was deadly serious that Billy Connolly, yes Billy Connolly was part of a consortium weighing up an offer.
The Business man claimed he had proof, claiming "Big Yen" was involved and it would be announced on a night at the Palladium.
GLA Sharegar.

Excellent post as usual Sp28,
Another positive for our economics is the potential addition of Platinum and Palladium to our flow sheet.
After all, there is approx 0.2g/ton for each of these PGM's.
If we were to make a crude assumption that similar percentages of PGM could be recovered then that would increase the cash flow significantly.
Maybe increasing revenues over the lifetime of the project by 20-35% depending on metal prices.
Not forgetting, the 2018 NPV@10% of $614.5m does not count UG/known mineralised targets/confirmed and significant Increases in all of K-M's basket of metal prices/PGM's and Cobalt/improvements in the flow sheet.
As an investor of EUA as well I wonder if there is potential for more licences surrounding our project.
The rules regarding such rights, favour the company that have the discovery and is how the rules are applied in Russia as I have understood from the evolution of the EUA assets.
Could any of the longer term posters shed any light on this possibility?
We are in the exciting early days of a potential sale but there could be many value adding additions just waiting to be revealed at the right time.

GLA Sharegar.

RY has alluded to the addition of cash flow from these metals and work has been going on in the background.