Member Info for TheBeastofBodmin

Paul, my question to you was in regards to funding and a cash raise in 2023 which you believed is due in August (assuming no sale prior)?
Given the following
- 3 wash plants
- electric drag line
- increment in PGM price
https://www.metalsdaily.com/
- latest extraordinary expenditure ie; drilling/DFS

How did you work it out?
What figures did you use as personally given the fluctuation in metal prices, expenditure and unknown metal quantity find it impossible to calculate hence revert to geologist and mining expertise on site as a business case?
Interested to understand your workings?

Partimer, it’s in the interim 30th Sept RNS

An extract
Major projects including the installation of an electric dragline and a power line to site have progressed well through the summer months. All 286 posts on the power lines route to site have been installed and the line itself is currently being pulled through. Electric infrastructure at site, including the high voltage sub-station constructing and commissioning and six separate electrical hook ups, have been installed.

They are hardly likely to give individual investors snippets of news until it’s available for public release?

If I were you I would update the board with your concerns for WK as clearly the company (in your eyes)!is wasting its time installing 3 wash plants and electric drag line as you have seen a hole that geologists and mining experts on the ground have missed?
Email the BoD with your figures and concerns as your invested?

For someone invested Paul you seem to not have understood the company are mining at WK storing the proceeds and also not taken note of any projected forecast?
Bear in mind the electric drag set to be commissioned also this winter to aid stripping, the company is set financially in a good place having the common sense as you say to stock pile while the base metal price platinum increments.
Pending DFS also of course which sticks in the craw of the naysayers.

As stated in the interims RNS company is proceeding with plan to sell Russian assets not trigger the Sinosteel agreement any material change to that plan would require RNS.

‘ With regards to the proposed sale of our Russian assets, as previously announced, our M&A team is focusing on BRICS counterparties, and discussions are ongoing with predominantly Russian, Indian and Chinese non-sanctioned counterparties. Whereas progress has been made with certain parties, at present there can be no guarantee that the Company will enter into a legally binding sale and purchase agreement with any of the interested parties. We expect potential buyers to remain anonymous until the Company is in a position to execute a legally binding agreement and further updates regarding the sale process will be made as appropriate’

Agree 100% Del.
Reckless beyond all rational mind, not only to indulge in what is quite appalling politicking with horrible consequences for ordinary folk but to blatantly admit it whilst the worst is occurring?
Not exactly a template for peace and goodwill?

‘ Germany offers peace deal to Russia’
Sadly cannot see that gaining traction post Merkels eye opening confession regarding the Minsk agreement?
Staggering to think such a blasé confession of power
that impacts millions of lives all at the whim of a very few intent on playing geo political chess?

Mining.
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit.

Or played over 90 minutes it’s a 2 decade + project with a working mine & electric drag line to be commissioned with enhanced stripping over winter.

DFS to be delivered

Monchetundra Definitive Feasibility Study being progressed for completion by the end of 2022.

· Metallurgical testwork reports now available for compilation into the larger DFS report. New metallurgical study by SGS, Mekhanobr-St Petersburg, LIMS and Gipronickel (Norilsk Nickel's engineering arm) suggests grades, recoveries and flowsheet unchanged from the 2016 feasibility study.

· Rock mechanics studies and Hydro/Geotech drilling now complete for West Nittis and Loipishnune open pits.

· Recalculation of Monchetundra project resources and pit outlines, reflecting metal price movement since the feasibility study, for submission as a necessary component of the DFS.

· Work continues on assessment of the NKT Project, contained within Eurasia's 80% Flanks exploration license adjacent the Monchetundra (West Nittis and Loipishnune) mining license, as a standalone project or as a project combined with Monchetundra deposits.

Looking forwards not backwards pointless engaging with these individuals they offer nothing.
We have a DFS pending a milestone of real significance for any company (don’t listen to the BS otherwise) and for EUA its future hopefully leading to execution of strategy whatever form that may be?

Worked you out and ignored you since the first day you showed up wolfie, everything I thought you more than confirm on a daily basis.

Yes Mac always had that mindset myself, however must say I never factored war and stupid into the equation?
Never the less confident in the BoD and believe they will produce a good result whatever the time frame?

‘ From my first purchase to my last top up i've always been here until the end game, whether that is sale or production it doesn't matter to me tbh’

So according to SD the company submits a DFS (late) which gets signed off by Russian authorities, the company mines itself….but it’s a rouse?
Do they not understand what a DFS represents or how EUA a tiny exploration company could self mine this vast area without a JV?
Clueless

Dmitry Suschov was released from the BoD 18th Sept 2020 to continue as the company’s M&A officer.
He has a holding of 16.32% of company stock, if selling stock prior to this aforementioned date or after would need to be confirmed and updated by the company, his holding has not changed in this time.
In September 2020 the SP was fluctuating in the low 20’s subsequently Mr Sushov on paper was considerably more wealthy than than today.
I assume he is therefore committed to move this company forward and reap the rewards?

Shareholders of more than 3% company.
Hargreaves Lansdown (Nominees) 23.93% 682,881,687
Dmitry Suschov * 16.32% 465,647,496
Interactive Investors Services 14.84% 423,434,464
Queeld Ventures Limited 10.77% 307,250,000
HSDL NOMINEES LIMITED 6.88% 196,437,166
Barclays DI (Nominees) 4.65% 132,642,309
Christian Schaffalitzky (Director)

‘ The mining investment ban, which will have exceptions for some specific products’
In other words the crap we don’t really need.

Post COP27 and the earth shot awards assume they discussed and confirmed the need to locate and source rare materials required to assist and mitigate the urgent effect of global warming in our high tech world?
Or perhaps not, maybe they concluded it could wait a few more years and the impact of another European war wouldn’t be so great?

‘ which will exempt some specific products’
Don’t know of Palladium/Platinum/Nickel armour or ordinance requirement in a military context?
Still nothing would surprise me never under estimate politicians capacity cut their nose off to spite their face?

The ‘agenda driven tampers’ did not bring up the subject of Anders or Phil or for that matter Dmitry who’s holding was questioned last week, the month before and before that….etc etc
There’s a recurring theme here, and it’s not one bought up by ‘agenda driven rampers’

Not that it’s anyone else business if they are or not, but we all know they will try and spin a negative out of nothing as usual they have nothing else to offer.