Member Info for Snowman100

5ft..........just as well !

Hi Barnacles,
I can certainly bring you up to speed on that score.

'mmmmmm.......All in good time...mmmmmmm.......as appropriate to market conditions....mmmmmm........have another biscuit'

Bishop takes knight on e4, discovered x-ray check......yawn!

are quite simply being a royal pain in the ass here! They obviously keep shifting the goalposts (FEED is long gone) as they have done all through the Brexit negotiations. I'm beginning to think that as things stand they have absolutely no intention of letting a red cent out of their hands to a UK company....end of story. They would rather cut their own bloody nose off to spite their face as the saying goes.

That's my measured, reserved and well balanced opinion.

Rule Britannia......sooner we're out, the better.

'Infrastrata
The Infrastrata RNS this morning wins the competition for verbosity at least, just wait until Ben van Bilderbeek gets to know that someone is challenging his supremacy. Anyway boiled down the announcement says that the company is is equity and debt discussions for funding the construction and pre-construction of the project. Indeed they say that this is a ‘key priority’, no joke Batman…The company expects FID by the end of 2019, first injection of gas in 2022 and first commercial gas storage operations in 2023.'

DS is asking for Questions for him to answer on an upcoming podcast email any questions you would like answered to Dmitri at info@eurasiamining.co.uk

Gives a chance for anyone who is disgruntled with the company, such as TDT to try and do something positive by asking some questions they would like answered instead of fault finding with everyone else but themselves. Gives them a chance to tell the company how great it would be if only it were under their control, because they are so much more clever and intellectually towering above the present board. In fact they are so very very clever they are probably multi-millionaires themselves already.

But seriously if any genuine investors wants to ask DS some questions for the podcast, look at advn first to see some of the questions that have already been asked. It could be a very useful exercise.

Happy days!
TDT.....This company will be a blue chip one day.
GLA !!

Noodlesoup.....I can see why you are disappointed with the level of information on the Marine Licence.............we were led to believe that was a done deal over 10 months ago and yet the statutory public notice of the marine licence application has not yet even been published in the appropriate newspapers......and that is only the BEGINNING of the legal wrangling process.....as far as I am aware there then follows (possibly very lengthy) objection/representation/appeal/decision process(es) !.....which are sure to involve local activists and even members of parliamentary bodies.

Also, again as far as I am aware, as well as no Chairman, there is not yet even the promised 'environmental specialist' in post (.......or even advertised for)....surely the main reason for having that person (as well as monitoring during construction works and ongoing operational monitoring) is a smooth transition of the granting of the marine licence.

Am I selling any shares?..............No !..........but lets have a bit of realistic expectation management and less fobbing off !!

Although I desperately want to, I can't find much to be happy about in the RNS.....looks like the market isn't too enthused about it either.

Wed July 3rd 2019…‘(Alliance News) - Infrastrata PLC said Wednesday it has started the next stage of progressing the Islandmagee gas storage facility in Northern Ireland, with funding discussions and a refined construction strategy.’ have I missed something here?.........sounds great but wasn't the funding ALREADY in ADVANCED discussions months ago?
RNS 17th April 2019.. 'The Company undertook discussions with potential debt providers during Q3/Q4 2018. The Company is pleased to announce that it has now received indicative terms from two banks. ……. The Company believes that is now (i.e. at April 17th..... we are now in July!) in a strong position to negotiate the most optimum financing structure between the potential equity partners and debt providers.'

Also, I don’t like the wording of the following….. ‘Following the entry into a binding term sheet with Vitol SA, INFRASTRATA WILL DRAFT AND SIGN a gas storage agreement, that will be based on the binding pricing and capacity terms agreed in the term sheet signed in June.’……..How about VITOL signing it also ?....... by stating INFA (implying only INFA) are signing it, that infers it is VITOL who wants to lock INFA into the deal not BOTH PARTIES wanting to lock in the other ……it suggests it is a fabulous deal for VITOL and hence, not the best possible for INFA ! …… Hopefully it is merely a poorly written description of what is actually occurring.

Plus....I was under the impression that the 1.6M from the EU was absolutely nailed on.....
RNS 19th April 2018
'Once the Placing completes, the Company will have achieved the milestone of raising sufficient funds for the FEED to match the European Union Connecting Europe grant, enabling up to €4,024,000 of grant funding to be accessed by the Company, of which €1,600,000 has been received in cash by the Company and is currently held in escrow pending release against verified FEED expenditure, with the balance to be paid in instalments after satisfactory completion of each FEED stage;'
That was well over a year ago....forgive me if I'm wrong, but isn't this the same 1.6M that we are still waiting for....and if it is ...how about the rest of the 4,024,000 we were promised?.........are we no longer getting that ?.....surely we have done all we were tasked to do to receive it all?

Confused.com.

I expect I'm not the only one confused by all this.

When news on flanks comes out and the upgrades of reserves have taken place the SP will be multiples of it's current value. Hopefully, won't be all that long now. A second wash plant can then be utilised. Monty will be under way and EUA will no longer be recognised as a minnow.

One whiff of decent news on any of those projects and this share will take off like Usain Bolt with his ass on fire !

RNS Number : 5827Y
Infrastrata PLC
09 May 2019
'……….and the sum of EUR1.6 million is expected to be received in the next 8 weeks from the EU'
7 weeks and 4 days gone……should be EUR1.6 million with us this Thursday (or before).
So should be an RNS containing at least confirmation of that by Thursday.

That is beyond uncomfortable.....IMO we seriously need to think about ditching any ties with Costain............we need to be in business with companies that are performing well...it sounds as if Costain could easily be about to fold.....we certainly don't want to be going down with that ship !
No good waiting for a disaster to happen and not being prepared with another company.
The writing is on the wall for all to see.......the M6 and the HS2 are such huge projects that further delays in those (very likely given the current political climate) could easily take Costain out practically overnight.....a tiny project like ours (in comparison) is certainly not going to keep Costain afloat if those much larger projects screw it over.

Naz,
The grant is to enable a people's project so the people of Ireland can have cheaper fuel to heat their homes and cook.

Rocket.........700% = 0.24p which is a 7 fold increase.
However, I'm confident it will hit 7000% = 2.45p that is a 70 fold increase!
.....and eventually far beyond !
When the processes have been proved at commercial level, every mining company and his dog are going to be lining up for a piece of the action....this company will cause a sea-change in ore processing.

We have many irons in the fire..........I particularly like the St Elmo project.....not to mention Kapili tepe !!

Plus we have patents in nearly every major mining country all over the globe !!!!

IPR worth a bundle on it's own.

GLA !!

Great posts Rocket.
Further,
……..Alexander is pleased to report that it has received notification that its MetaLeach Limited subsidiary has been granted a patent for a Method for Leaching Zinc Silicate Ores in Turkey, patent number TR 2013 07721 B. The patent will remain in force until 26 June 2033.
The patent complements the commercial and technical partnership agreement announced in February 2018 with Proses Mühendislik, Danismanlik, Insaat ve Tasarim AS. ("Proses"), which is focused in an active ongoing process on the establishment of a semi industrial scale processing plant using Alexander's patented AmmLeach® technology. This would be the key precursor for a potential large industrial scale commercial operation to address the growing Turkish trade deficit in finished base metals. Alexander looks forward to providing an update on this project in due course.
Prior to the AmmLeach® process, lower grade (non-DSO) zinc oxide ores (typically less than 10 per cent. zinc content) had been left untreated in situ or dumped in stockpiles. Accordingly, there are large multi-million tonnes resources with a zinc grade as low as 5 per cent. which are potentially suitable for economical treatment using AmmLeach®."……………..
1 million tonnes of ore @ 5% zinc = 50,000 Tonnes of Zinc.
1 tonne of zinc = 2,580 US Dollars, so 50,000 Tonnes of Zinc = 129 Million US Dollars
I wonder how many is multi-millions………lets say 10 for arguments sake.
That would mean approximately 1.29 Billion US dollars worth of Zinc
Equivalent to £1.016 Billion.
…….. ‘Alexander would receive a gross sales revenue royalty on the value of the SISP product produced using its technology. Subject to the results of the SISP, Alexander would negotiate with the project owners a technology licence agreement ("TLA"). The TLA should be on Alexander's standard commercial terms, including a gross sales revenue royalty on all commercial scale metal or high value-added processing plant product.’………
Assuming standard terms are 2.5% ? ……….. if so the whole project is probably worth £25.4 Million to AXM……could even be higher percentage. The SISP alone will only treat approximately 100,000 tonnes. But that’ll do to start with !.........even that initial testing will bring in about £254,000 to AXM on those assumed terms.
Shouldn’t take long when it all gets going as the multi-million tons of ore are ALREADY STOCKPILED……happy days !!!
GLA !!!
Also the massive deep south resources project is near to starting !!

I know to a lot of people this isn't the most important thing but I have always believed this will fly on receipt of the marine licence.....and have been shot down many times for saying it. I'll take it on the chin again because IMO this has always been the issue that is holding the big institutional investors back and keeping the share price low. I was a public rights of way officer for six years and dealt with many public inquiries where the outcomes were a total surprise where what seemed like a solid body of positive evidence was overturned in the face of strong local opposition. I really believe that this licence will be granted and in the end it will in all likelyhood be a political decision but there is most certainly doubt surrounding it , indeed it would seem some local politicians are even against it (yes I know all the arguments that have been put forward to support it, including measures far over and above what is required have been put in place and world class people have verified that) .

The market doesn't like uncertainty.....IMO the day that is signed is the day we take off big time.

Happy to be proved wrong but that hasn't occurred yet, despite the great offtake news. Even equity/debt deals if signed imo will have to have a clause in it regarding it being subject to the granting of the marine licence......so there will still be some degree of uncertainty until granted.

All of the above just my opinions, not facts........just my honest and candid view.

I will be really happy to eventually see the public notice in the papers with the time to respond with official representations/objections to Daera so it can finally be decided by an inspector at public inquiry and put to bed.

Then I can see the share price rising to dizzy heights.

Meanwhile I continue buying.

GLA !!

Platinum zooming away......went above US$840 per Troy Ounce today......bodes well for when WK update comes out !

IMO, EUA has better potential than 99% of all AIM companies.

GLA !!

Will the rise continue on Monday morning?

Hope so.

Very true Funky......I'm not the worlds best researcher, that's for sure......but I would still think there are plenty of mines starting up from scratch each month from minnows to multi's.........certainly hundreds over the last few years. Plenty of missed opportunities in my opinion......although, of course I could be wrong.....it just seems mathematically very very probable.

Ammleach.....'Unlike some new technologies, it requires no special purpose built equipment'.........

Then why why why why WHY has it not, after all this time, been tested on VAST industrial scales by MANY companies and adopted ?????????????????????? ????????????????????????????????????????? There should be 30 ammleach projects at various stages going on RIGHT NOW !!!! not one half hearted small trial per 2 years and fizzling out. IMHO what the company needs most of all in this world is an injection of commercial energy in the form of a HIGHLY SKILLED presenter/negotiator.