Member Info for Sharegar

Jofan,

The tweet you refer to is discussed in the video below from 2:10 to 3:22.

https://www.youtube.com/watch?v=GsEPEVv8RCQ&t=130s

The SP was clobbered when there was no deal announcement before the AA exclusivity date expired.
The market is missing the point. The expiration of that date means that there is now a chance that multiple parties (including the Chinese) will start a bidding war and AA will not have it their own way.
The more parties involved is to the sellers advantage.
If the deep drill results start to confirm what our board suspects, I expect to see fireworks.
I'm in this one for the long term and at these prices will add further once funds available.

GLA Sharegar.

Asleep,
I believe you will be very close with your prediction.
MT and Flanks almost certain to be sold. Plenty of hints, most recently was the conformation of the recent CEO appointment being only temporary ("Interim") at MT/Flanks.
It has been pointed out that we can not sell the JV because we do not own it. However, we have signed a binding agreement and are rapidly progressing the JV status as demonstrated by the recent subsidiary being set up to hold the NYUD licence. Bearing in mind the sale has not been announced yet then there is time to add some assets from the JV and maximise shareholder value.
What parts of the JV?
I think it could be the four low cost open pit mines in close proximity to MT. That makes sense.
Why?
These are the ones with the known Russian post FS resources of 104 Moz Pt equiv.
There has been plenty of hints in the recent RNS's. The company has referred to these 4 mines separately several times as well as mentioning their location as being adjacent to MT/Flanks.
WK: I would speculate that this will also be sold. Possibly a separate buyer?
That still leaves plenty of goodies for EUA 2 after the sale.
Five remaining JV mines to prove up resources and more licences could be applied for.
All the signs are looking excellent for a massive sale that could surprise even optimistic investors (although not Hoochy).
One contradiction possibly?
"Konstantin Firstov, former Managing Director of Rosgeo has been appointed as CEO of Eurasia's 100% subsidiary Yuksporskaya Mining Company ".
Some posters might say that this means the JV is not part of the sale because the role of CEO is permanent. I would argue that the role is indeed permanent because five JV mines will still be be owned by Eurasia after the sale.
That is assuming EUA were to take up their options on all nine of the mines from the JV binding agreement.


IMO GLA DYOR Sharegar.

The following statement is from 26 Jul 2021 RNS.

"As further announced on 15 June 2021, Monchegorskoe LLC was created to hold the licence for the Nyud open pit PGM and battery metals deposit ("Nyud"). Eurasia's 100% YGK has signed a notarised agreement with Rosgeo Group company pursuant to which YGK will become a 75% shareholder in Monchegorskoe LLC after the licence for Nyud is transferred from Rosgeo to Monchegorskoe LLC. Eurasia, through YGK, will also have a right to acquire Rosego's 25% shareholding in Monchegorskoe LLC upon the completion of a JORC Code compliant competent persons report on Nyud."

I have a question.
If the company progresses all nine pits from the JV, will they hold the licences in the same subsidiary (Monchegorskoe LLC) or is it likely to be one or more licence per newly created subsidiary?
Thanks in advance for any answers.
Now that one subsidiary has been created one would think that the JV licences could be dealt with fairly quickly.
A bonus question. Does anyone know how long it takes for the licences to appear in the subsidiary? Is it down to the speed of the authorities?

Thank Sharegar.

Its been a long while since I topped up.
Bought another 36,265 shares today. Had to make my holding a nice round number!

GLA Sharegar.

SP as I write 20p.

Lets speculate that:
MM's currently break down SP as 15p for MT/Flanks and 5p for everything else.
If ACF are correct and many others who have researched EUA, we could have a conservative 70p Dividend for MT/Flanks.
So SP would have to re-rate to 70p+5p after announcement.
But wait!
If the MM's get MT/flanks price so wrong then they would have to re-rate the 5p that covers everything else (WK,JV and future licences etc).
Therefore what would the SP be after Dividend announcement and everything else having to be re-evaluated?
My guess would be 70p for Dividend and at least 30p for the rest and that is only my conservative guess, knowing that is the type of game the MM's are likely to continue with.
Any thoughts?
A final thought, once the dividend is paid out I would certainly funnel a large chunk of it back into the remaining assets if the MM's forgot to adjust their current price.

GLA Sharegar.

I think the company should do the right thing and release the next RNS in Japanese and save us all translating it back to our native language.
That is probably why we are all a little confused every time an RNS is released.
Soon EUA will be the Land of the rising share price.

???
Sharegar.

Hi Mac,
To answer your question, why I predicted the sale to include "part of the JV".
The reason I think this is the case comes from the RNS on Wed 12 May 2021.
It stated:
"As announced via RNS on 14 January 2021, Eurasia and its advisers have engaged with a wide range of parties interested in acquiring either the assets and/or the Company. The Company has more recently focused its attention, including providing due diligence access, on a limited number of potential bidders who had shown consistent interest in Eurasia and its high-quality asset base.

However, after conclusion of the joint venture with Rosgeo ("Rosgeo JV") in which Eurasia will gain a 75% equity stake in nine PGM and battery metals assets (four of which are post Russian Feasibility Study with state approved reserves) with a total of 104.6Moz of Platinum equivalent ("Pt eq") Russian Code reserves and resources in the immediate vicinity of the Company's Monchetundra Project on Kola (as announced on 26 March 2021), the Company has now received several proposals including a proposal from a credible party for the potential acquisition of substantially all of Company's assets. The Board has decided to focus on this potential asset sale.

The Board has therefore also decided that it is time for the Company to exit from the Formal Sale Process."
Why would they state? "However, after conclusion of the joint venture with Rosgeo ("Rosgeo JV")" and then go on to say "the Company has now received several proposals".
I could have read it wrong, but that is what it looks like to me.

GLA Sharegar.

Excellent RNS: Yet again we are making great progress adding more world class connections with another quality "Interim" appointment.

My Guess: Sale of MT/flanks plus part of the JV (possibly the 4 pits that have the Russian FS 104MOz Pt equiv). That makes perfect sense due to the close proximity of these pits to the planned M/T production facilities.
Eurasia continue to develop the whole JV so that the sale price is maximised. The capital raise at 26.5p IMO will be worth the 3% dilution.
Possibly WK will be sold to someone else, but since this is predominantly Platinum I would not mind this asset to be held for the longer term. Pt has a great future IMO.
That would leave us with the other 5 pits from the JV and we would be in a great position to develop them further and possibly sell at a later date for massive Dividend number 2.
Remember, the company hinted strongly at Resource increases from 104 Moz (JV) in a recent RNS.
We could eventually upgrade to 100% JV plus get more licences in this "Bushfield like" world class district.
The sky is the limit, not bad unless you want to be an Astronaut!

GLA Sharegar.

Em Investor is:
"Followed by GMF78, Eurasia Mining, and ACF Equity Research." (you can easily check all his followers).
So I would expect the account to be genuine and indeed be Dmitry.
Also worth noting: EM Investor follows Honda/Toyota/Sibanye Stillwater and many more. (I think he is turning Japanese, I think he is turning Japanese I really think so.)

The EM Investor recent Tweet about DLA Piper is very encouraging.
Also having read through all the company RNS's, my notes and re-watched the key Dmitry interviews, I am more confident than ever that a deal will be concluded and even if this did not happen I would continue to hold for what could be even more spectacular returns in the not too distant future.
From June 2019 when I first invested, the company has delivered on all the promises relating to the massive increases in resources via the MT flanks, WK and most recently the massive 104 Moz+ Rosgeo JV.
Yes, I accept there is still some more detail required about these resources.
I have no reason to doubt that the board are stringing PI's along as well as UBS/Citic/VTB/DLA Piper/Eurasia Japan/USA II's/All the Multi national interested parties and the list goes on.
Its going to be worth the wait.


https://www.youtube.com/watch?v=IWWwM2wwMww
GLA DYOR Sharegar.

Correct Redpanda,

Zibrahimovic is a great example going by tonight's postings.
Anyone that claims to hold shares but expects the SP to fall significantly have got to be filtered I'm afraid.
Obviously they would sell their EUA shares if they were sensible in any shape or form, and why would I want to read nonsense from such posters who show a lack of logic in their so called decisions.


GLA genuine holders.
Sharegar.

Last year 90% of people (myself included) thought the Sale would be announced at a moments notice.
It is not ironic that a significant amount of people now think it will possibly be months away?

Hopefully the growing consensus is wrong again and we have a swift conclusion now that the AGM has been dealt with successfully.
It is often the human Psychology to make their conclusions based on sentiment rather than logic.
GeckoLovesGreed is the perfect example of that.
Gecko went from a self confident high flier to a shivering wreck, possibly scared of his own shadow.
He looks at the mirror thinking 0000023 on his imaginary certificate is 3.2 Million shares.
Gecko probably tells his friends he has a water bed but we know it is something quite different. Tully would probably call it the dark pool.
Just another day on Wally St for Gecko.


GLA Sharegar.

My bet is:
Sale will be MT plus 4 of the Open pit mines from the JV that are nearest to MT, they also have the most proven up (in certainty) resources.
(that should be >75% according to AIM rule 15).
The reason I believe part of the JV could be included is because the interest of the potential buyers was noted as being intensified after the JV was confirmed. Also, the company highlighted those 4 mines in the RNS. Why?

Keep WK and the remaining pits from the JV.
Dmitry stated in the past that Platinum would catch up at a later date on Palladium. Keeping WK would be a wise move at this stage. The cash from sale would be enough for the massive dividend and we could retain some of that to create further value from the remainder of the JV pits.

GLA Sharegar.

I find the emphasis on Covid-19 quite interesting, in today's RNS.
Yes, it has to be mentioned because it is the cause for delay of the financials.
Quote from RNS:
"As has been widely reported, Zambia is currently undergoing a major COVID-19 wave of infections which has had a wide-ranging impact on large sections of the population and on various businesses. Arc is taking every precaution to ensure the safety of its employees and contractors."
It seems to me that the company are very keen to paint a detailed picture on the negative impact of Covid. Call me a sceptic, but I have the feeling someone wants your cheap Arc shares.
Instead of emphasising all the great reasons to own this stock they are doing a great job of talking down what we have got.

Ok they mentioned upcoming drilling and our strong cash position.
However, I would be constantly mentioning the Sturec and Casa potential cash values. The high price of Copper and great outlook for future demand. Also, the near time potential for cash generation from a very low capex high margin production facility.
Also, I would keep mentioning the fact that there are other interested parties waiting in the wing if AA do not come up with the goods.
There are so many more positives that could be mentioned. Our current cash position and potential for near time cash generation mean that we hold all the cards. AA or anyone else can try and bluff but that strategy will not win this game.

In conclusion: I think games are being played and I have no intention of selling Arc at such a bargain price.

GLA DYOR Sharegar.

Thanks SmallJ,

The real investors appreciate people like you, who find relevant information for the discussion board.
Those who do not appreciate? I doubt they are invested in the upside, so I prefer to green bin those ones.

GLA Sharegar.

Bigwinner,
The answer is no.
I recommend everyone vote in favour though.

The positive RNS today gives further confidence that all is well in EUA land and as I suspected the board were not able to add more details due to constraints such as AIM 15 rule.
Checking back on all of the important RNS's and even as far back as the Proactive interview from Dmitry in late 2019, it is clear that up till now the board have delivered in all their promises while throwing in a few surprises that should be seen as positive (The Japanese/Asian connection).
They interestingly did not include a disclaimer about the possibility of no sale.
In the scheme of things I think the board have communicated with investors when appropriate and once the Substantial sale (>75%) has been accepted I think no one will give a hoot about the length of time it took to get over the line.

It could drop any day as someone once said to Aled Jones, but in our case I'm sure it will be good news.
I do not think there would have been an update quite like today's, especially being so close to the AGM if the board did not have full confidence of an imminent sale.

I believe the wait will be well rewarded and full marks to everyone that has sailed through the stormy waters.
A few shipmates have sadly fell overboard (too much Rum?) but you will be pleased to know that Rowka was last seen taking out a Great White shark with his trusty Pen Knife, before swimming 20 miles to land. Apparently he learned that from his Army training.

GLA Sharegar.

Looking forward to the AGM?
Once the AGM has been dealt with, could it be right time to drop the RNS with all the details of the bid?
I am assuming that the bid they are concentrating on must be acceptable and therefore much nearer the recent AFC valuation of 70p+ which BTW does not include significant EUA assets of value, such as the 104M Oz Platinum equivalent 75% JV with Rosgeo. So we are not talking loose change.
Do not forget, the RNS in May 2021 actually stated that there were several bids related to the securing of the JV with Rosgeo.
This implies that improved offers are on the table.
I suspect all parties were anticipating the JV and therefore the improved deal was being worked on well before the JV was confirmed as official.
I do think it is unlikely we will hear details of the offer until the AGM has passed. Only one week to go thankfully.
However, could we get a massive surprise and Massive dividend conformation before the AGM?

Another possibility: Will we be given notice for an EGM relating to an announcement at the AGM?
There must be examples of companies revealing big news at AGM's and surprising shareholders or am I wrong and AGM's are nearly always a boring and quick vote counting for mundane resolutions.

The current SP looks like it has been heavily manipulated, but there will be a conclusion, we will find out the extent of the manipulation and hopefully be celebrating with a few Rums and copious amounts of Champagne accompanied with a Pirate Burger.
If I was an MM I think my next move would be a significant (or massive) move upwards in SP to catch out anyone looking for a turn in sentiment.
I think a nice 50%+ rise, any day now would be a good way of getting the show back on the yellow brick road.
We never should have sent Hooch in to do the negotiations for £35. I would have accepted a conservative £2.

GLA Sharegar.

We are not under the restrictions and radio silence of the FSP anymore.
There has been several offers and there is one in particular the board are focussing on.

While we are wait, I would like to see an updated company presentation. This would showcase the massive progress the company have made since the last Presentation update of Sep 2020.
There have been so many positive developments that could be incorporated.
I think a bigger boost for the market would be the prospect of another showcase interview featuring Dmitry. I am sure this would be an easy way to get the SP up to a significantly higher level than it is today.
Now is the perfect time for Dimitry to come out and explain our strategy going forward. There would be some information he would not be at liberty to divulge but that should not stop him from giving the information that the market thrives on.

I am not sure if EUA have their hands tied while the formalities are being dealt with but I think it would be a real boost for morale just to see and hear all things Eurasia straight from the horses mouth.
I cannot think of any reason why Eurasia would not be able to do media interviews.
Remember, these interviews can be an amazing way to get a point across to the public without actually saying it. Often an "unanswered" question gives clues. An example would be Dmitry describing "no small deals" and giving comparisons with other mega deals when asked about how much will EUA sell for. This is not the type of information you can get from RNS's.

GLA Sharegar (hopefully on the last furlong, even I am starting to tire).

Tigra,
I do like a Wine, but unfortunately I have not found one that I have noted in my memory as great.
Basically I go to M+S pick something at random, fancy labels always get my attention.
I then drink the Wine and say to myself, that tasted exactly like the last one I tried.
Maybe working with chemicals has destroyed my sense of taste.
I would not mind hearing peoples choices when it comes to a good Wine though. I normally choose Merlot, but in truth not too fussy.
Barefoot is one Wine I remember as good, and it was quite cheap.
Great post BTW earlier today, Tigra, I hope you are typing up the next RNS.

GLA Sharegar.

Like Robert1971,

The length of time this has taken has started to have an effect on me. I've decided to follow suit and cash in my shares and at least be happy with my gains.
Only one condition though. I am a strong believer in fate so its all down to the toss of a coin over a nice Wine tonight.
If its Tails I sell the lot. None of that best of 3 nonsense, if I get a result I don't want.
The only thing that might affect my decision is that I am using a double headed coin!

In till the very end.

GLA Sharegar.