Member Info for Sharegar

Mac and DanielC43R,

The information you both mention explains why I think my own $200B in the ground amount is conservative!
Who knows exactly how gigantic this is. (Maybe Rowka/Hoochy and Wall street Journal?).
That is why we are joining the "Majors" and it is referred to as "Bushfield", "World Class" and "Tier One".

GLA Sharegar.

From the Interim:
1. "Proposal received in May for the potential acquisition of substantially all the Company's assets. Since then, additional interest from other parties is being considered by the Board."
2. "Recalculation of MT and Flanks resources and pit outlines, reflecting considerable metal price increase since FS of 2016, integrated to Detailed Mining Plan as announced 15 September."

The above statements from the Interim report suggest that the Recalculation of MT/Flanks and the very likely increase in Resources for the Rosgeo JV are possibly the reason for the additional interest from other parties.
A bidding war could be ongoing. Seems like the parties have more or less got all the information they needed.
Original offers would have been for the known resources which were calculated in 2016 when metal prices were much lower.
The recent update for the improved mining plan by a factor of 1.7 means that the resource upgrade must be significant.
Therefore, it signalled game on again for previous or new "interested parties" who would naturally increase their offer now that they know exactly how much more they are getting for their money.
To be honest I've lost count of the original resources. But lets say 15M Oz+ for M/T Flanks (Pd equiv) and 104 M Oz (Pt equiv) for the Rosgeo JV assuming we go up to 100% ownership.
If you consider further, the exclusivity zone and then factor in the recalculation of increased JORC resources for 2021 metal prices we could be easily talking over $200 Billion metals inground.
The mines are low cost Open Pit.
No wonder there are many parties fighting over substantially all of Eurasia's assets.

GLA Sharegar.

EUA call the shots on the JV.
The JORC relating to the Rosgeo JV will be released "Shortly" . Looks like Eurasia are going to take the 100% option and package it up for the big sale.

GLA Sharegar.
Mar 26 2021 RNS

"The Rosgeo Agreement provides that Eurasia acquires 75% equity stakes in each of the Additional Assets and Rosgeo will retain 25% equity stakes in the Additional Assets (being those companies holding relevant licenses for palladium, platinum, copper, nickel and cobalt projects outlined above). Eurasia also has a call option to acquire 25% from Rosgeo after completion of the reserves audit under the JORC Code. Any engagement with Rosgeo as a contractor in relation to the Additional Assets will be on an arm's length basis."

If you think Motley fool are being positive about EUA, you should read their article more carefully.
No mention of the upcoming sale.
No mention of the massive company changing JORC resource increase that is incoming.
No specifics on the actual number (9) of open pits the JV has.
Motley fool do not inform their readers that EUA can take 100% ownership of each JV licence when the JORC is released.

This article whilst not being dishonest is being extremely economical with the truth.
The wording used in their article is carefully measured hoping to subtly misdirect and this means that new investors will miss the whole point of what Eurasia is all about.

IMO Sharegar.

Just as I repost . My original one appeared again.
No I am not going mad I tell myself.
I still believe we have an amazing asset and things will come good. All I ask for is precise info even if it is not what we want to hear.

GLA Sharegar.

My post from earlier today disappeared.
I have hidden identities this time around just in case that is the reason it was taken down.

xxxx xxxx: I hope you are listening.
The least the xxxx board should do is to confirm talks are still ongoing, and do it every week for their sins!
It is now almost 25 weeks since this statement and do not forget it is almost 2 years (or almost 104 weeks) since the strategic options started to be reviewed. We are still none the wiser.
RNS: Tue, 30th Mar 2021 07:00
xxxx xxxx, xxx, said:
"The six months to December 2020 ultimately proved frustrating and despite best efforts, we were unable to conclude the envisaged transaction with IIG. We have, however, made material progress on a possible alternative transaction in the early part of this year, which we hope to conclude in the coming weeks.
True: xxxx xxxx is correct by saying "coming weeks". He would still be correct if it took 2,000,000 weeks.
However, as shareholders it is not too much to expect information that is not misleading and if talks go on for longer than anticipated which is quite normal I would expect professionalism from the board and keep shareholders updated as is their duty.
So come on xxxx xxxx keep your shareholders informed or stop making statements that imply things are happening faster than they really are.

As good as it gets for a placing RNS!
All the great news is forming an orderly queue and Mr/Mrs Mega fantastic Sale RNS is waiting to make his/her grand entrance.

I must point out that if Carlsberg did Eurasia RNS's there would be one small alteration.
Christian would have said "delighted instead of "pleased".
I should be fuming because I took that 1/100 bet that Joe on twitter was offering.

https://twitter.com/EUAjaygee

GLA Sharegar.

Martin Eales: I hope you are listening.
The least the Ironveld board should do is to confirm talks are still ongoing, and do it every week for their sins!
It is now almost 25 weeks since this statement and do not forget it is almost 2 years (or almost 104 weeks) since the strategic options started to be reviewed. We are still none the wiser.
RNS: Tue, 30th Mar 2021 07:00
Martin Eales, CEO, said:
"The six months to December 2020 ultimately proved frustrating and despite best efforts, we were unable to conclude the envisaged transaction with IIG. We have, however, made material progress on a possible alternative transaction in the early part of this year, which we hope to conclude in the coming weeks.
True: Martin Eales is correct by saying "coming weeks". He would still be correct if it took 2,000,000 weeks.
However, as shareholders it is not too much to expect information that is not misleading and if talks go on for longer than anticipated which is quite normal I would expect professionalism from the board and keep shareholders updated as is their duty.
So come on Martin Eales keep your shareholders informed or stop making statements that imply things are happening faster than they really are.

A question for some of our better researched friends,
We first had M/T discovery which effectively qualified us for the flanks and consequently this is the reason Eurasia was in pole position for the Massive JV with Rosgeo.
With each parcel of land we have managed to get ever increasing resources. This will be confirmed soon.
My question is: How much more Bushfield like land (licences) are going to be available and exclusive to Eurasia beyond all that has already been ear marked?
Bearing in mind how Russian law works. When a company confirms a resource they get a certain area beyond that particular discovery.
This would mean that the amount of eligible land will snowball to even bigger amounts once we confirm the resources of the flanks and JV by JORC standards.
Would I be correct in my assumptions and does anyone have a handle on licences that could potentially come our way?

GLA Sharegar.

Just for you cygnetcommittee,
I said
"There have been plenty of rumours/educated guesses but I think anyone revealing sensitive data would be in very big trouble with the law".
You obviously did not notice that I distinguished between speculation and revealing sensitive data.
Anyway, you are obviously at the wind up (IMHO).

GLA Sharegar.

cygnetcommittee,
I can answer another one of your questions.
Why the buyer has not been named (by leaked news)?
The EUA Board want it that way.
NDA's are in place and specific AIM rules (Takeover) prevent this information being released.
I hear you say, but surely it would have been leaked?
Remember the Japanese connection?
That particular news took absolutely everyone by surprise and proves that Eurasia/UBS and DLA Piper etc are the ultimate professionals when it comes to Multi billion dollar deals.
There have been plenty of rumours/educated guesses but I think anyone revealing sensitive data would be in very big trouble with the law.

GLA Sharegar.

Good summaries lovelyboy and DownToTheBone,

The SP represents tremendous value and I think this time the suppression will not last nearly as long. Traders, be careful!
The upcoming news can easily propel us beyond the all time high SP of 45p.
Well respected and clearly explained research is leaning towards >£1 or >£2.50 (including JV).
How many companies are days/weeks away for increasing their official JORC resources by potentially >2000%.
The re-rate has to be epic otherwise I will eat my hat.

GLA Sharegar.

Timing of the placement despite having $20M cash says to me that they are not wanting the SP to be held back, after they release all of the upcoming game changing news.
Think about it. If they were to release all the great news flow and then announce the placement it would be much worse for the final SP.
Get the "bad" news out first! (BTW, I think it is a great sign of confidence for our JV especially).

The idea is to get an SP near 26p and then let the rocket blast off into the blue sky with the following RNS announcements.

Expected news (imminent).
1.JV licences transferred. (Nice).
2. Flanks and JV Jorc updates and mine plans. (Super sonic nice).
3. DFS update. (very nice).
4. Interim report. (reassuringly nice).
5. Sale of Assets. (retirement nice).
6. Massive dividend and EUA2 details. (luvly jubbly nice).

This looks like the last fire sale of Eurasia shares IMO.

GLA Sharegar.

Todays fund raising had been hinted at in the Jun RNS, (See the relevant part below).
Looks like the Rosgeo JV has indeed got a lot bigger than the 104.6MOz Pt equiv and the RNS today stated that the board want to minimise dilution.
The company have been consistent with their intentions.

RNS: Tue, 22nd Jun 2021 13:55

"Q1: Why is the company seeking further authority, given a large fundraising has just been undertaken?
It would be quite unusual to not seek authority and these resolutions are put to shareholders at every AGM. The Board considers the Company very well-funded and does not currently have specific intentions for a further fundraising, however, the Board asks that its members make that option available, for example, in case the Rosgeo Joint Venture development this year results in proving a resource higher than already released (104.6Moz Pt eq) and only if further funding will add value to Eurasia taking into account the implications of shareholder dilution, which the Board and management prefer to limit, being collectively the largest shareholders in Eurasia Mining".

This fund raise is just setting us up nicely for all the imminent news going forward.
1.JV licences transferred. (Nice).
2. Flanks and JV Jorc updates and mine plans. (Super sonic nice).
3. DFS update. (very nice).
4. Interim report. (reassuringly nice).
5. Sale of Assets. (retirement nice).
6. Massive dividend and EUA2 details. (lovly jubbly nice).

GLA Sharegar.

Yet another superb RNS today for "part of the Monchetundra project."
70% production increase for West Nittis and Loipishnune open pits is a terrific result.
Also, Christian Schaffalitzky, Executive Chairman of Eurasia commented:
"we are making significant progress in all our work streams on both the operational front and on the strategic front".
If you remember he also said "The Board is committed to execute on the strategy as announced on 12 May 2021". on 1st Sep 2021.
Eurasia are committed to the sale and "significant progress" means we are on the cusp of a Mega UBS/DLA Piper deal.
Looking forward to the following RNS's any day now.
1. Jorc Resources for MT/Flanks plus Rosgeo JV
"Block modelling and open pit optimisations are now complete for 6 out of 9 Rosgeo JV projects that in total represent 104.6Moz of platinum equivalent resource (according to the Russian State Cadastre of Mines)".
2. The official transfer of NYUD Licence.
"Rosgeo has confirmed to Eurasia that the process on the license for Nyud and Moroshkovoe open pit deposits is in an advanced state".
3. The DFS: "The Monchetundra Definitive Feasibility Study (DFS), contracted to CKE and EMR (both defined below), is in the final stages of its development".
4. The Mega Sale RNS. (Refer to the conservative ACF report 6 Sep 2021 for what to expect).

A final word from Mr Schaffalitzky "The Directors are delighted that our hard work on Kola that started as a joint venture with Anglo American Platinum in 2005 and is finishing as a joint venture with Rosgeo".

GLA Sharegar.

The placing sounds like great business to me.
I think it is sensible not going down the debt route that often have ridiculously high interest rates like many commodity companies do.
Very significant amounts of Copper/Cobalt production added to the jubilee balance sheet in the not too distant future.
This will pay for its self many times over in the next few years.
Bringing cash flow forward and increasing it at the same time is one of the few times I do not dread to see a placing.

GLA Sharegar.

MarkEurasia,
mentioned this on Monday.
I do not think the document was posted at the time.
https://find-and-update.company-information.service.gov.uk/company/03010091/filing-history
Any thoughts on the timing of this update?

GLA Sharegar.

Nice action today.
Friday promises to be very good.
How about another 30% rise and then drop those RNS's one by one that Mac has highlighted.
Each separate RNS has rocket fuel potential before the final big sale RNS takes us into orbit.

GLA Sharegar.

The Asiamet interview has been released to Crux Members today.
It could possibly be Friday on you tube.
Last Tues release went general on the Friday, so I assume it will be a similar timeframe.

GLA Sharegar.

Going back for another Crux interview is a very good sign.
Their interviewer Matthew Gordon is thorough and always seeks detail and the truth.
So bearing that in mind I would hazard a guess that our main man Tony Manini has a good progress report to make, since his last interview in April this year.

Here is the interview from April.
https://www.youtube.com/watch?v=VkY0xSQSUHo
Hopefully the upcoming interview will be more about Asiamet being on the front foot. My intuition tells me that things are going to be more positive.
Lets see.
GLA Sharegar.