Member Info for thechinaman

...For the bashers/derampers

Well, let’s see how the clowns try deramping this!! The attempts to hold this back by the paid bashers (The Demolition Team?) is going to make for entertaining reading over the coming weeks. Anyone new to EUA should make sure they read the RNSs - this company will achieve true value over the coming quarter in IMHO and that is going to be multiples of the current MCap. Read my post on value of the Monchetundra resources and you’ll see what I mean. Good luck. T

Nm

Last 2 trades weee mine: 647,656 and 444,308 @ 0.448 both BUYS not Sells. GLA TC

Oh, and by the way, the actual number of shares traded on Friday 11th was 34,864,384........ TC

Looks to me that we’ve been given a clear timeframe for the ‘Big Monche’ in the wording of the funding RNS, suggesting to me that sign off by Russian authorities is expected sometime in the next couple of months and a big rerate is anticipated on a subsequent and rapidly agreed deal by September. 2.4b shares, including warrants, and an asking price for the 2m ounces of platinum/palladium (with a current value of £1.4b) at only a quarter of the price put on the comparable mine at Kevitsa (£770m) would make the sp something like 8p - not too shabby in anybody’s book, and that’s a conservative figure IMHO given there are a number of potential buyers, including Sinosteel. The figure I’ve used of £192m values the resource at less than 15% in the ground of its mined worth. I’ll be holding and buying any dips. Is going to be an exciting summer! ATB TC

I have to pinch myself when I reread the level of resources at Monchetundra: 2,000,000 ounces of palladium/platinum (@ $980 an ounce); 28,124 tonnes of copper (@ $6,700 a tonne); 30,410 tonnes of nickel (@ $13,000 a tonne); 62,000 ounces of gold (@ $1,346 an ounce) giving a mind boggling $2,632,212,800 project. Even if you halve that figure and then attribute 35% to EUA as with Kytlim, it still gives a potential MCap of $460,000,000 ... and that is ignoring the Kytlim and Semenovsky projects (yet the likes of SOU have an MCap of £490m with a production time frame and resources of a similar nature). Is it any wonder Sinosteel was quick to offer to pump $150,000,000 into mining Monchetundra? That mining license cannot be too far off. And I can’t see anyone letting political spats get in the way of this kind of money... especially given the Russian interest, albeit the company is listed on AIM. Can’t see EUA lasting much beyond 2018 - has to be an offer made that it couldn’t refuse...... currently .36pps on 1,858,369,000 shares in issue giving an MCap of £6.6m: sold to that oriental gent with the slicked back hair for 20p a share and a bargain, too, sir!

You ask what WK has produced, TDT: “- As of Wednesday 29 November 2017, the Eurasia operated washplant, utilising a simpler and lower volume processing scheme to the contractors, had produced a further 135 ounces (3.8kg) of raw platinum. - Eurasia's washplant, operational for just one month has produced 38% of the seasons current total production of 346 ounces (9.83kg) raw platinum. Modifications to upscale this efficient though small-scale washplant for use in the 2018 season are now being considered. In addition, a detailed estimation of the operating costs associated with Eurasia's washplant will be conducted as time permits during the winter months“ RNS 5/12/17... ....And in being set to start 2018 season’s mining soon, to run for the next 8/9 months, across at least 2 sites at WK, having learned from last season, and with a well resourced partner, and a target of 40 kg per month @ $32,000 a kg giving EUA $400,000+ every month, this looks pretty good to me IMHO. Good luck those genuinely interested in investing here. TC

....And current price of Palladium is $32,160 a kilo - not too shabby, even with a 65/35 split. This contractor looks pretty well there with the resources required and can hit the ground running ie none of the delays that saw only the latter part of last year’s mining season utilised. EUA showed in its taking on the mining for the last month or so of last season that the yield could be raised pretty easily. With a dedicated mining contractor, with all the necessary equipment in place, income should flow pretty quickly and be significant: 40 kg pm x $32,000 x .35 = $448,000 a month to EUA so Monchetundra and Semenovsky projects definitely not priced in yet. Once Monchetundra is, following the licence approval, and with Sinosteel providing the $150m capex, to recover some 2,000,000 ozs of platinum (current price $955 an oz), income will go through the roof (technical term).... that is, if Sinosteel don’t make an offer EUA would find difficult to refuse. What price for a $2,000,000,000 resource, I wonder? Definitely a bit more than the current £8,500,000 Mcap! TC

Boy, I'm good! Predicted last October sp would be pushing £9-10 by May and et voila!... now about the next Lottery numbers ......... Good luck all. TC

Well, now that we've broken out of the resistance around the 6.40 area (one of the stages of the drop in sp back in October 2008), looks like 9.30 is a reasonable target given in Sept 2008 the sp was over £10. A fair wind and continued pressure on the £ could well see the sp £8 by mid-Dec as an interim target, with an inevitable dip ex-divi, followed by a surge towards £9-10 by next May. Irrespective, sp has done pretty well to date: £2 in two months!

Oh, and my prediction from last spring wasn't that far off was it, Familyguy? ; )

Well, a month on and was worth watching! Another good report today but you do wonder about leaks when you see the size and number of the late reported trades from yesterday. Who says insider dealing is dead?! Barclays target is now £6.80 I think. Reckon it could easily go to its pre-2008 levels ie £7.20, given the Brexit exchange rate windfall and 3i's business strategy. Onwards and upwards!

Must admit, the sp is exceeding my expectations. Even with an inevitable pull back, this looks to be heading for 5.60+, maybe even 5.80, before it goes ex-divi in mid June. Looking good for broaching 6.00 by early Sepember after ex-divi pause. TC

Well, pleased to see 3i achieving its goals and now looks good for a rise over time to £6+. My prediction is £6.35 by this time next year. TC

Why have B's posts been removed? He thinks the sp could go down to 436 and it looks like he was right. But should bounce back heading towards the full dici date. Still, interesting muffling of shorter's views.......

With results out on the 14th, we'll get a clearer picture soon enough but final dividend has to be looking good (20p anyone?) if you compare the interim of 6p with the previous year's......there have been some big asset sales in line with 3i's new game plan; and the EU's QE has increased valuations. But if you know something I don't.......

Not so sure: - broken thro 510 twicw recently - divi in next couple of months - fall more likely in July?