Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
After March 7th - what’s happening on March 7th is it your birthday 🎂 or something?
Why wait until then?
We know full well things have happened are happening from the KK tax win, company secretary change and open job positions also via KK.
As for valuation one only has to refer to the HC Wainright report WK $141 million ash flow value alone equivalent to 3 - 4p a share.
Geo politics aside which are ATM a disaster company is hugely undervalued.
The updates to Q 2, 3 & 5 confirm the company is not stressed financially investors all want an asset sale of course but this clarification means they company has no pressing financial concern over the year hopefully the dreadful war mongering Biden will be removed this year and in place an administration with more acumen for foreign affairs?
A lot more positive outlook for this company the dregs desperately hoping the company would be wound up after Q1 proved wrong.
'64000oz/year is 1814kg/year. Current booked reserves 4400kg (minus 2 years of production) gives a mine life of 2 and a bit years. Current drill results from the flanks areas don't look promising for adding to booked reserves'
So a 2 year mine life for a resource that has recently a electric drag line installed a court case Russia a DFS and independant valuation via WAI?
Sure went to a lot of trouble and expense for what you appear to indicate is practically worthless?
What are your areas of expertise in geology to counter the surveys and updates performed at site?
We cannot assume the company is mining WK, it is the subsidery which has the open positions hence of the opinion they will not release anything until they are in a postion to do so and all is dotted and crossed....whatever that may be?
Either way it's very positive but not for the mob foaming at the mouth for the company to fail, declaring the company was wrapping up after Q1, a placing would be required, selling for 0.5p, WK is worthless 2 year mine life etc...LOL
With tax & vat reciepts we know the company has existing cash until the end of Q3.
However if they are mining WK themselves this would indicate they are able to sell the stored concentrate in order to start and commence operation with the drag line.
'This mining WK is concerning' - what was concerning was the wind up petition and the prospect of cash running out after Q1.
Mining WK is not in the least bit concerning (to me) it is marvellous - taking all things into consideration we do not know who will be mining it, but someone will be and this indicates several different potential possibilities which we referenced previously all IMO positive.
The fact the co won a tax case in Russia with the subsequent increase in margin tax rate from 22% to 6% may enable the company potential options to mine or sell?
It’s clear now why the company was moth balled last year and appears the asset will be mined by someone this year?
Winning the case was crucial and now we will see what path they will take potentially either option may now be possible?
With tax returns & VAT returns pending if mining themselves sale of concentrate along with future revenue means company is solid and solvent same scenario if asset sale is on which IMO the aforementioned will have made more viable hence KK winning the case was a blinder. 👍
If EUA are mining then conceivably would only be for WK in order to do so then this appears to indicate there is no issue selling the existing concentrate (perhaps they have) or future concentrate?
For anyone else to be prepping I don’t know how this would work as a sale has not been confirmed (as far as we know) could the sub hire on behalf of another party 🤷♂️
WK will not be able to fully produce until May as it needs to thaw but think we will have answers long before that either way the BoD may have played a blinder here it appears the tax win has opened things up for EUA.
Either the company or third party (buyer) are mining this year you don’t advertise new roles unless gearing up for the new season which at WK would start late spring.
The tax case win was critical.
With the drag line installation illustrates the KK loan referenced in last years summary RNS (where’s the money gone), KK is the sub the money spent on the tools to mine, which will also in time counter the ‘worthless’ narrative IMO?
Hmmm….EUA has been trading in its current form along with many investors & traders way before telegram was created.
Yeah that is interesting obviously whoever is mining linkng up the relevant staff for commencement of mining ops this spring, question is who is mining???
Probably need a lie in having wasted yet another weekend posting about questions they could find answers to about a company they are not invested in?
It was all in the annual report the dragline costs and the loans to the subs, what is it struggling with now?
Jesss was it even potty trained....imagine???
CS has taken a salary drop, we won the tax case via KK in regards to WK hence no immediate concerns in regards to cash position with further VAT TAX payments pending, also have understanding in regards to the company sec and the potential associated links.
Totally misguided for ppl to think the entire sales process revolves around CS IMO.
The grades are in the DFS which were also referenced in an independent report by WAI?
I base my research on these examples amongst others not on this daily circus 🎪
'You need to get a life'
This appears to be it's life like several other miserable lost souls here....this is it! :D
Thanks for the link AJ
In regards to the tracks would anticipate some activity the equipment after all needs to be kept servicable for further start up which in this region would not occur until May historically (stripping and prepping aside).
Interesting to see clearing could be related to the above or could be related to future plans or buyer?
We shall see.
Spikey will never be forgotton post his NOMAD debacle an epiphany for others.
2018 - ScottyDog 0.80p I'm selling up I am out of this dog ....
The DFS summary for WK is in the following RNS as some appeared interested today.
RNS Number : 3123S
Eurasia Mining PLC
15 March 2021