Montanacowboy
says: "No the German market wasn’t yet closed and the sp went up 17% (Frankfurt)."
However, he is wrong.
A quick google check:
The Frankfurt Stock Exchange is open Monday through Friday from 9:00am to 5:30pm Central European Standard Time (GMT+01:00). Does the Frankfurt Stock Exchange close for Lunch? No, the Frankfurt Stock Exchange does not close for lunch. Many markets in Asia and a few markets in the Middle East close for lunch.
The RNS would have been 5pm our time and 6pm German time.
By the way our RNS was an amazing bonus on Friday. Fantastic news.
My SP estimate of 132p is going up to >250p on that news. Probably being conservative considering all the new mines will be open pit, no doubt low cost and able to use the same infrastructure as well.
Happy days, with the FSP RNS still to be dropped.
Fireworks on Monday!
GLA Sharegar.
42trader,
Other Gold stocks you could look at.
KEFI: Could finally be on the cusp of funding. (If so, expect quick gains).
AAU: Producer that has done well in recent times.
CHG: SP stuck at recent placing price. Also producing and has big Resource and big plans.
I continue to hold Shanta, and I like the above 3.
The TSX and ASX are great markets for Gold Stocks as well.
I also like Platinum and silver very much.
GLA Sharegar.
Good RNS today.
Harry has an incentive to raise the SP as much as he can above option price 2.55p. (Tick)
Funding is the way to do it. (Tick)
Harry will definitely not want dilution just as much as shareholders. (Tick)
If Harry makes some easy cash on the back of this, then we will all be picking up more cash as well.
Incentives are nearly always a good idea, especially if it means the SP has to be significantly higher than the current SP.
I am already fully positioned, otherwise I would happily add more.
Anyone that says this is negative is not likely to be a Kefi shareholder or someone with a much higher average. If it is the 2nd case I would sympathise to a certain extent, however these are the sort of risks that can affect any investor.
You just have to move with the times and finally recognise that Kefi is a bargain right now.
GLA Sharegar.
Extremely positive update for WK and other areas of interest IMHO.
Nothing negative in the WK update. Very positive and Bullish.
One of the best parts of the RNS (of many).
Christian Schaffalitzky says:
"The Directors are also delighted with the institutional investors recognising the fundamentals of Eurasia and its compliance with the ESG standards, while the Company with its advisers are making progress with the strategic options available for Eurasia. Further announcements will be made in due course".
In other words, the Institutions that have bought at 40p or above will not be disappointed, and there has been great progress in turning non-binding offers into binding.
GLA Sharegar.
Just a thought.
Generally speaking the mining sector has been consolidating for about half a year, after very strong recoveries from March 2020 COVID lows.
I think it is next Wednesday that the $1.9 Trillion stimulus could jump its final hurdle and be passed? I am not certain about the final date, happy to be corrected.
We already know what stimulus does for commodities, and with that in mind, would it not make a lot of sense to delay any sale decisions until we know the final status of this massive stimulus package?
The stimulus news could seriously boost our SP and when a deal for the Sale of EUA is finally announced we will no doubt get a hefty premium on top of a significantly higher SP.
This way, we could plausibly be propelled into the £'s before the tax year ends.
I have waited a long time, patiently and like many wanted a deal done some considerable time ago. However, I get a strong feeling that this wait will be very well rewarded and it will have enabled DS and his merry men to negotiate the very best outcome for all shareholders.
My conclusion: I would rather wait another two or three weeks and get all the benefits that the inevitable US stimulus will bring.
Any thoughts?
GLA Sharegar.
Platapus posted the following video (Wide range of topics relating to Green energy and PGM's).
https://www.youtube.com/watch?v=zgb6oy0OJM0
Interestingly, he refers to Rhodium and supply concerns.
Eurasia was mentioning Rhodium as exciting at $5000/ Oz in October 2019.
This Kitco interview mentions concerns in availability when Rhodium was $13,000-$14,000/Oz.
Fast forward to 2021. Rhodium is currently $29,000/ Oz.
It is also interesting that after being pretty stable for 11 months of 2020 another rare metal Iridium has tripled in price in the matter of 4 months. It is now >$5000/Oz and could do a Rhodium if it continues at this rate of increase.
Eurasia, has both Rhodium and Iridium.
Eurasia terms its self as "Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company."
Why would Rhodium be so expensive?
There is no such thing as a primary rhodium mine, and the major producers are all located in South Africa.
and...….
There is no such thing as a primary Iridium mine, and the major producers are all located in South Africa.
They are obtained as by-products from already rare PGM mines.
An interesting bit of trivia.
It is also worth noting that anomalous deposits of iridium can be found throughout the world at the 65 million year old interface between rocks of the cretaceous and tertiary eras. Such concentrations, thousands of times greater than that normally found in the Earth's crust, are believed to have arrived extra-terrestrially. Their presence is held up as evidence by supporters of the theory that a massive asteroid collision with our planet was the cause of the extinction of the dinosaurs at that same point in geological time.
GLA Sharegar.
The 2nd best Dmitry interview for anyone who has not seen it yet.
https://www.youtube.com/watch?v=O_mRzxooAzg&t=158s
We all know that Monchetundra, now with flanks is our main asset.
However, I am not sure how far WK is behind.
In the video at 4:50 Dmitry gives very interesting information regarding grades at WK. That is that they have been consistently 3-5 times higher than the Feasibility study values.
Therefore I conclude that there must be much more PGM's at WK than we think.
Remember, the mining area is comparable with Monchetundra and WK is the area that Dmitry was referring to when he talked about Rhodium excitedly in the Proactive interview from 2019.
One question I have.
How deep will these mines go? Remember that most mining operations find out that there is more increasingly rich ore as they go deeper.
GLA Sharegar.
Its old but its Gold! Just a reminder of what we have got.
Alexei Churakov, Strategic Advisor to the Board Of Eurasia Mining (EUA)
discusses their recent news and plans going forward
Interview starts at 23 minutes 55 seconds.
buff.ly/31SUVh5
or https://www.**********.co.uk/articles/eco-atlantic-oil-gas-safestay-and-eurasia-mining-8da333b/
Main points: Remember this interview is no later than Oct 2019.
1. CITIC and VTB already involved (worldwide reach).
2. Talking to multiple strategic investors.
3. 2 M Oz at $1000/Oz Pd gave NPV of $240M when originally calculated.
4. we have 15M Oz Pd and Pd price now $2420/Oz.
5. New NPV estimate $240M x 3 (for price increase) x7.5 (extra Pd) gives NPV $5,400M (Monchetundra only).
6. Other licences can bring us up to $40 M Oz of PGE.
It is clear that EUA is worth multi billions and a potential multi bag, easily >£1.
Since this interview, we have been working with UBS and DLA Piper for some considerable time in converting several non-binding offers to binding. This in its self implies that the board are pleased with the non binding offers and they meet the boards valuation.
Our board members have a lot of skin in the game and are holding while strategic investors (Blackrock etc) pile in and other significant holders remain loyal.
West Kytlim is becoming much more significant with Rhodium and Platinum significantly higher. We have also significantly expanded at West Kytlim and have multiple open pit mining areas that will be worked on now that the DFS has been approved.
EUA board has been restructured to fully concentrate on finalising of the sale process.
The Monchetundra flanks have been approved bringing us up to >15M Oz PGE, with much more to follow.
GLA Sharegar.
Not sure when it will happen, but Vast has the potential for explosive upside once the market is updated on our production figures (assuming progress is steady).
It was not going to be a quick fix in terms of organising the proper company structure to get bank finance over the line, however I think patience will be rewarded if this is successful.
I would like to see a new company presentation on the Website to highlight our vision and assets.
The rise in Commodities has not yet translated to a premium on our SP.
I do not think Vast would have been able to raise the money that the Banks deemed appropriate before they would consider signing off finance, if we did not have a strong future ahead of us.
In summary. It is clear that sentiment is the main problem for us at the moment. However, this can quickly change and when it does we may never look back.
The upside potential is massive and I will be hanging around for the reward.
One other thing to remember, any cashflow that we get from production reduces the amount of potential dilution we might encounter when compared with Vast's recent past. So, I would suggest that we have in fact made real solid progress in the last couple of years.
GLA Sharegar.
That is the sort of news that would make NN in particular want EUA even more than they presumably already do!
With this information, Eurasia could squeeze NN for more money in the event of a sale. NN are currently assessing production from their two affected and linked mines going forward, and they will be needing a reliable source of ore to feed their nearby refineries.
This could be a case of NN's misfortune is our gain. I am sure they will want to appease their shareholders fears by securing a potential 40M Oz PGM in a district that they know very well. A district that is world class, with our management publicly claiming it as rivalling the Bushfield world class complex.
Remember, if our claims regarding the 40M Oz PGM potential were exaggerated do you think Citic. VTB, UBS and DLA Piper would give us the time of day?
The fact that they have been working on several non binding offers for the company and other complex structures for a period of many months, tells you a story.
Not long now hopefully. Tuesday 2nd March would be nice for the monster RNS.
GLA Sharegar.
Hi Shorn,
To be honest I have not been looking as closely at the recent specific trades as others have been doing.
However, considering the fundamentals and outlook for JLP are great (IMO) but also considering that when companies carry out placings or Warrants are triggered it is nearly always a drag on the SP for typically 1-3 months.
Anyway, that has been a re-occurring theme in my own personal investment experience over the last ten years.
This type of action is more worrying (if repeated) when it is a company with great assets but no cash flow.
However, in the case of JLP I am much more confident because we have such strong cash flow and a great plan for continually increasing it further.
It makes a lot of since for JLP to let institutions in at some point and that is because with their support we can bring earnings from the future, forward.
It is only fair that these supportive institutions have a slice of the larger cake.
I have an average SP of 3.8p. Therefore, from my perspective it is OK to have a pause at 13p for the greater good.
As it happens, I am hoping to hold for quite a long time as I believe the Commodity super cycle is just getting started and would not be surprised if this company is trading at £1+ in a year or two.
We had a great rise in share price before the placing at 13p. If JLP did not have the interests of the loyal shareholders at heart there was ample opportunity to sell us short before the announcement.
GLA Sharegar.
Many key milestones have happened since the very instructive Interview. *No small offers will be put on the table"
30 Oct 2019
Palladium $1805/Oz now $2388/Oz (+32%)
Platinum $925/Oz now $1252/Oz (+35%)
Rhodium $5410/Oz now $21400 (+395%)
Iridium $1480/Oz now $4400/Oz (+297%)
Gold $1495 now $1825 (+22%)
https://www.youtube.com/watch?v=d_YMY6yiMDE&t=258s (the interview).
Citic, VTB, UBS, DLA Piper on board. The very best selection in the world.
Eurasia represented Russia at PDAC in 2020.
Flanks approved ("Culmination"), WK DFS approved allowing for multi pit extraction and work though out the full calendar year.
EUA finances very strong, after extensive capital spend which will result in increased PGM production at WK.
Board reorganised to concentrate fully on sales process. Dmitry will head M+A process.
James Nieuwenhuys joined EUA board (This was an indicator of a deal progressing with Lesego Platinum if you check old RNS's. Links below.)
Eurasia Mining appoints James Nieuwenhuys as CEO alongside Christian Schaffalitzky remaining as Executive Chairman (talent4boards.com)
Eurasia Mining appoints new Strategic Advisor to Board, Mr Alexei Churakov - Vox Markets
An important point from the above announcement was: "It was also further explained that should a deal progress there would be a potential opportunity for Mr Nieuwenhuys to hold a position on Eurasia’s board." Well, did that not happen?
Several non-binding offers have been received.
The board along with the professional advisors are working very hard in converting these offers to legally binding offers.
For those of a nervous disposition. We still have the Sinosteel contract to fall back on. That is not a bad deal at all.
Remember, it is turnkey and a certain amount of production is guaranteed before we are obliged to start paying back the debt.
At current PGM prices, that would not be a problem at all considering we are open pit soft rock and amongst the lowest cost producers in the world at under $400/Oz.
Dmitry has all the cards, he is keeping them close to his chest but if you do your research you will come to the conclusion that he has the Royal Flush, and Montyboz does not even have a pair!
GLA DYOR Sharegar.
The institutions love us at 13p and when they come on board often the stock in question is held back for some time.
I think the next leg up, could be very soon.
There are a great amount of informative posters on this board and they quite rightly point out the reasons why we are still so under valued. I've also pointed out many positives in my previous posts.
The only things that have changed since my last posts on JLP are that our basket of metals have become even more valuable and there is no reason that should change, considering the FED and their lust for inflation.
GLA DYOR Sharegar.
The recent funding ($52M total) should prove to be great business.
We are now set up nicely for the bank funding of Tulkubash to be approved and once investors realise our production growth is becoming a reality there will be many more wanting in than out.
The long term future is looking very bright and I think this stock might start to make some % gains on stocks that have out performed us in the last year.
In reality I am not concerned about the short term movements of the SP. What is important to me is where it is going to be in 2-3 years or more.
GLA DYOR Sharegar.