Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just finishing a bottle of Charders while "floating" over Mount Nittis.
Monchetundra looks like another planet.
https://www.youtube.com/watch?v=5SF1AJf4L84
Lots of green boxes tonight - is Stork the dork back again?
Love this statue in Monchegorsk dedicated to the Conquerors of Monche-Tundra.
Seems it dates from 1977 but guess the pioneers were looking for copper and nickel at that time. If only they knew about the platinum and palladium beneath their feet!!
https://www.youtube.com/watch?v=yI0XNeTD9c8
This my favourite by 2 soldiers posted to Kytlym's missile defence force from Siberia:
https://www.youtube.com/watch?v=3n1OWYyrAMQ
https://www.zerohedge.com/news/2020-11-30/how-profit-fund-managers-panic-buying-year-end
How to Profit From Fund Managers’ Panic Buying Into Year-End
The market continues to grind higher.
At this point, we’re about to enter the final month of the year. Most fund managers have had a TERRIBLE year. Only a handful of them accurately predicted the March meltdown and even fewer managed to buy at the lows once the market bottomed.
What does this mean?
That an entire industry of money managers has about four weeks to play “catch up” so they can post the best possible returns for 2020. Those who fail will lose clients and assets under management.
This has the makings of a market melt-up into year-end.
Newbie642
I followed Orsu Metals for years but sold up my small holding a couple of months ago and put it all in EAU. Orsu is an interesting company but they do take their time. The executive chairman Sergey Kurzin used to do deals on behalf of Roman Abramovich and rubbed shoulders with the likes of Bill Clinton and Frank Giustra:
https://www.forbes.com/2009/04/17/clinton-sergei-kurzin-opinions-contributors-sidorov.html?sh=4a3e043e3ebd
Wouldn't surprise me if the "big boys" are now closing in on Volchetundra but would like to see EUA get a decent piece of the action there.
Dickie88
Hmmm, I think it very likely is the same person. Severny Palladium is registered in Chita (Zabaikalsk) where Orsu operate.
The due to different transliteration the names sometimes vary. It's annoying that Cyrillic script is not accepted by LSE.
Newbie642
Handy you kept the A1ex tweet. Looks like the Sergey Stefanovic is the same person as the Sergei Stefanovich at Orsu Metals Corp listed as a former Director (Strategy and M&A) for Norilsk Nickel:
https://orsumetals.com/corporate/management/
"SERGEI STEFANOVICH Director, Managing Director
Sergei Stefanovich is a lawyer by initial training and received an MBA from IMD (Institute for Management Development), Lausanne, Switzerland. He has over 16 years of corporate finance, strategy & business development experience principally focused on Russia and larger FSU area. He has managed a public equity mining fund that invested into junior mining companies and was Director (Strategy and M&A) for Norilsk and a past Board member of Gold Fields Limited. He served as a legal counsel for Sputnik private equity funds, AT&T & McKenna & Co. He resides in Moscow and is fluent in Russian and English."
It appears Sergei Stefanovich holds 55% of the authorised capital in Severny Palladium LLC:
https://www.rbc.ru/companies/id/1207500002170-obschestvo-s-ogranichennoj-otvetstvennostyu-severnyij-palladij/
Could be very auspicious:
The day's name alludes to the idea that all classes of Russian society united to preserve Russian statehood when there was neither a tsar nor a patriarch to guide them. In 1613 tsar Mikhail Romanov instituted a holiday named Day of Moscow’s Liberation from Polish Invaders.[1] It was celebrated in the Russian Empire until 1917, when it was replaced with a commemoration of the Russian Revolution. Unity Day was reinstituted by the Russian Federation in 2005, when the events of the year 1612 have been celebrated instead of those of 1917 every November 4 since. The day is also the feast day of the Russian Orthodox icon of Our Lady of Kazan.
https://en.wikipedia.org/wiki/Unity_Day_(Russia)
Our Lady of Kazan, also called Mother-of-God of Kazan (Russian: Kazanskaya Bogomater), was a holy icon of the highest stature within the Russian Orthodox Church, representing the Virgin Mary as the protector and patroness of the city of Kazan, and a palladium of all of Russia, known as the Holy Protectress of Russia.
https://en.wikipedia.org/wiki/Our_Lady_of_Kazan
Oooops, someone should have looked more closely at yesterday's RNS:
"LVG is an unlisted Pubic Company incorporated in Australia." :)
Got an email about this the other day, the timing seems interesting in view of Altyn's RNS today.
Might be worth a view.
https://www.bksoc.org.uk/event-details/encouraging-mining-investment-in-kazakhstan
Thu, 22 Oct | Zoom Webinar
ENCOURAGING MINING INVESTMENT IN KAZAKHSTAN
JOINT THE BRITISH KAZAKH SOCIETY AND THE UK DEPARTMENT OF INTERNATIONAL TRADE MINING WEBINAR
RSVP
Time & Location
22 Oct, 10:00 – 11:00 BST
Zoom Webinar
About the Event
Introductions: Dave Skeels (BKS) and Ros Lund (DIT)
Background: Askat Pshenbayev, Head of Subsoil Division, Ministry of Industry and Infrastructure Development - Legal and regulatory environment supporting the mining industry
Moderator: Mike Beare, SRK Consulting, Almaty, KZ
Panel Discussion
My take is that a stop loss was set on a big shareholding that the MMs couldn't resist attacking and taking out. The nomad "somehow" likely got wind of this and had to issue an RNS asap to put EUA in the clear. The resulting turbulence must have been predictable as the jelly-legged whimps would just panic leaving the field open for the MMs who'll bounce this share around all day. The whole thing stinks but it does show how desperate some are to get hold of the shares.
Live video of us galley slaves on the Goodship EUA reaching ramming speed :)
https://makeagif.com/i/WLzQx0
Didn't realise that Trump has declared a state of national emergency for these critical minerals the list of which includes PGMs. Should be good for Russia and South Africa, oh and Eurasia Mining of course :)
The final list includes: Aluminum (bauxite), antimony, arsenic, barite, beryllium, bismuth, cesium, chromium, cobalt, fluorspar, gallium, germanium, graphite (natural), hafnium, helium, indium, lithium, magnesium, manganese, niobium, platinum group metals, potash, the rare earth elements group, rhenium, rubidium, scandium, strontium, tantalum, tellurium, tin, titanium, tungsten, uranium, vanadium, and zirconium. This list of critical minerals, while “final,” is not a permanent list, but will be dynamic and updated periodically to reflect current data on supply, demand, and concentration of production, as well as current policy priorities.
https://www.federalregister.gov/documents/2018/05/18/2018-10667/final-list-of-critical-minerals-2018
Interesting interview with legendary miner Rob McEwen on Sprott Media. It all sounds like cutting-edge stuff, well to me anyway. Sounds like it could have implications for EUA and possibly Norilsk Nickel.
From 5min 30sec to 10min 15sec he outlines new extraction processes in mining some of which are being trialled in South Africa plus Elon Musk wanting to simplify nickel production:
https://soundcloud.com/sprottmoney/sprott-money-news-ask-the-expert-september-2020-rob-mcewen-ceo-of-mcewen-mining