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And the asset WK is being worked which is obvious from the images even to the neggiest of neghead.
I don't recall the company informing the market Sinosteel was no longer a viable option last time referenced I recall below?
19 Sep 2023 07:00
RNS Number : 8308M
Monchetundra
The Definitive Feasibility Study ('DFS') at Monchetundra was approved by the authorities in late June 2023.
This allows Eurasia to present this development and the resulting improvement in value to potential purchasers.
The Company does not believe it is appropriate to commence construction immediately, as it is expected that any counterpartiesto the proposed asset sale may have their own plans for the development of Monchetundra and can either proceed with the EPCF contract signed with Sinosteel, or with a different contractor.
In regards to the KK EGM I have not seen anything to clarify anything from the EGM discussed?
I would update if/when I do for the benefit of the genuine here (which rules out the daily infantile and associates).
It is always possible of course to look for yourself no one is forcing you to believe anyone else’s input, much like the satellite images also scorned and ridiculed an EGM notification is not top secret.
HaHa, spot on analogy :D
The EGM was from the subsidiary company what part of that are they not understanding?
Do they seriously think EUA were releasing an update, via a sub company liable for itself…today?
Give it up for Meathead 🥩 🙌 🤣
'I would like to know what they did with the £20mil we loaned to them ?? '
This was detailed and published in the accounts some 2 + years ago?
LOL, informing the BB of any news heard potentially relevant to EUA which as a sub of EUA and EGM of KK is, is not a promotion it is news potentially relevant to EUA.
Tomorrow's KK EGM is of interest as the subsidery of EUA given it's proximity to it's AGM, suggestion of fund movement and activity apparent at WK.
That does not mean huge, medium, small or absoloutely zero news relevant to EUA, it could be either?
Ignore them everyone else does weirdos with nothing else in their life but a BB on a company they have no investment in…creeps 🧟♂️🧟♂️🧟♂️
In regards to CS ‘he stood down operations to persue and asset sale that will never happen’?
Firstly CS is not Pol Pot board decisions are taken by the board.
Operations were stood down for a valid reason qualified by the recent court case win and re commenced activity which we await detail of/who is involved?
Consider the fact also CS invested and founded and analysed a great deal of a 25 year project when no one else was interested.
Yes tax and vat rebates though aside from the initial sum received I know not the amount received to date?
And the tax case won a significant reduction hence increment in margin 22% > 6% I think (approx) which coincides with the activity since the case was won (confirmed via satellite 🛰️)
You will not be grilling them on the 8th May the EGM is the subsidery Kosvinsky Kamen, hopefully you should get an opportunity a little later in the year?
Del makes some interesting points and not everything I disagree with but removing the entire BoD, contacting QVL solicitors are IMV opinions which are knee jerk and disasterous.
He is also completely wrong in regards to at least one court case which not only funded EUA but enabled us or another to commence operations again.
The court case win in Moscow is not even 6 months ago, since that time we know a considerable operation has commenced at WK this backed up by most recent satellite images.
We do know KK the sub has considerable funds and has advertised new mining roles wether this activity is on behalf of the company or another remains to be seen, we are aware the sub has a EGM 08 May which may be relevant to funds and or operations, but also it may not?
We also know the QVL court decision is in June and this has potential to result in favour of a separate claimant as the shareholder?
Either way there appears to be extensive operations commenced at WK which may be relevant to the aforementioned news pending perhaps reason for silence this we should be informed of when deemed appropriate, a further possibility IMV given the geo political mess until we have clear and concise news to report we continue to wait until the AGM, but I feel we will have an update before this time?
'My view is that there’s absolutely no reason why further upgrade to the reserves and resources at MT cannot continue whilst sale negotiations are ongoing'
What sort of financing/money would be required in order to further upgrade resources as the company have already confirmed a DFS which thet state improved the previous analysis and F/S? And where would this financing be sourced (assuming you are thinking from sales generated via WK, which the company has yet to confirm)?
Also in the current geo political climate how do you envisage further work to potentially upgrade the resource(s) to be a worth while business decision given the potential ramifications regards to potential current and future sanctions in the region and impact to potential sale which one would sensibly estimate not to be sold at prime (pre war) value previously estimated?
No I cannot as it is in PDF format not a link and that cannot be copied from telegram.
It is however logged under Kosvinsky Stone corperate action number: 913361
Recorded 15 April 24
Date planned 08 May 24
'The KK EGM could provide some clarity' - I would hope so we shall see?
Also coming up June sometime is the conclusion of the QVL case.
As frustrating as the wait is we due considerable news over the next couple of months.
In regards to your point about 'activity cost and the concentrate' you are right on all those points and this is where the intrigue appeared in regards to the Kosvinsky Kamen recent financial results and increase in revenue (it seems something was sold they have plenty of cash).
Then to add to that we also know they have an EGM on 08 May which alluded to cash transfer?
To summurise something is clearly going which I also have absolutely no idea, however given what we do know (as limited as it is) I think it positive development.
*Very importnant point also to note - this activity began in earnest with job positions opened up at KK after the case in regards to the tax was won in court reducing tax down to 6%.
I guess someone will tell you it's a conspiracy, well let's see how this plays out over the next year to date it's been a disaster for the west in every single area, militarily, economically and politically.
Rollovers
One small step for man one giant step for man kind.