Member Info for theofficecat

Those Typil drill results look pretty good to me, although no expert. Bodes very well for the expansion of WK.

This is either good for us to keep and advance income flow or of course a buyer.

As for SP, once again doesn't matter if you are holding as most are now. Plus market often takes a few days to react.

Time to sit back, feet up, quite relaxed after that RNS.

Blimy, so many good bits in that RNS when you read through it properly, a couple of times

NB this bit. Telling us also as regards sales? "as a standalone project or as a project combined with Monchetundra deposits."

· 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.

mooching yep you right, I think it is a great RNS in these very trying times. For a junior miner to be in our position at any time would be great but nowadays the BOD have done nothing less than a fantastic job!

In fact how many companies on whole of AIM can boast of being debt free, cash rich AND producing?

How many have PROVEN reserves of Billions. We are not relying on whether a drill bit hits or not!

Come on with that Nyud licence and the sky is the limit as per reserves.

Those parties queuing up are drooling. We are all doing a slow dance waiting for the day this crisis ends......and it will. Then boom big time.

Buyer who did successful DD spent a lot of money, invested a lot of time. They wanted us badly then and fact still there tells you they still do! As do others, seems some non BRICS think worth hanging around as well?

It is blindingly obvious nobody company can put their name out there at this time. Gosh wouldn't you like to know some of the names? Think SP take care of itself then. It will anyway!

As we suspected all reports ready to be released when Nyud licenced transferred. Those figures are going to be something special imo.

"The Company has previously released a report commissioned by Wardell Armstrong International covering the adjacent NKT deposit, a deposit which the Company has title to through its Monchetundra Flanks license. Reporting on other Kola deposits, including Nyud and Moroshkovoe will be provided when Eurasia holds title to the relevant licenses."

From James for those who try to say we are not advancing!

"We continue to advance our plans at both operations in the Urals and Kola Peninsula, adding value to both projects while pursuing a potential sale of assets as previously announced"

NB strongly what he says about operating IN Russia!

"Despite significant geopolitical tensions the operating environment within Russia itself has not changed materially with respect to our operations there."

Breaking it down so even the numpties and thickos like snoopy and his tribe can't knock it! Oh but they will of course lol

£3 Million in Bank

Net GAIN of £6.1 million for the period!

No exposure to Ruble

Our cash balance remains robust, with more than £3 million and US$6.6 million at the time of writing in the Group's sterling and US$ denominated bank accounts respectively. Due to volatility in exchange rates in funding subsidiaries through inter-company loans, a net gain of £6.1 million was reported for the period. The Company's cash reserves are held in USD and GBP accounts outside of Russia and therefore not directly exposed to Ruble foreign exchange gains or losses against other major hard currencies.

very clever BOD with good advisors, well done. Heads down, keep talks going, no debt worries, cash in bank, WK still producing, drag lines up soon to increase production with green credentials enhanced.

"The effect on our operations, including funding group subsidiary companies has been minimal to date. We took the decision to stockpile ore from West Kytlim at the beginning of the mining season due to our strong cash position, volatility in the market currently, and in anticipation of higher realisable sales revenue in the future. "

This is very smart from a debt free, cash in the bank, producing junior miner!

NO cash calls here! Saying we can easily ride out this storm!

"instead opting to retain this PGM concentrate, which has a net realisable value of c.£3 million for refining at a later date. The value ascribed to this concentrate is for the platinum content only and does not include any other PGMs or gold."

NB a lot of emphasis on still not affected by any sanctions and how on top on if they are. After all this time and crisis that is pretty darn good I would say.

Also dealing with "non-sanctioned counterparties".........yep the deal will be done when the time is right and that time will be bang out of the blue!

Telling us active negotiations still ongoing, with whom, and as most of us understood any buyers will remain anonymous until legally signed to deal. NB "predominantly" BRICS therefore not all then hmmmm

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.

feck off you can't even read so what do you know of it!

RNS is out reading it now!

Good morning all genuine holders, guess a few more than usual lately hanging around this morning. GLA

Eh let me see....Putin! See below, and much much more of similar easily found. So do one you Putin cack sucker. Oh and filtered

What Putin’s Treatment of Jews Reveals About Russia
His move to kick out the agency that assists émigrés to Israel fits a pattern from Soviet times of using Russian Jews as pawns.

Last week came news that Russian President Vladimir Putin was threatening to shut down the offices of the Jewish Agency for Israel in Russia. For those unfamiliar with it, the agency is a nonprofit that for nearly a century has been tasked with figuring out the nuts and bolts of Zionism—that is, how to get Jews to a Jewish state. It was banned from the Soviet Union, but began operating in the region in the late 1980s and helped about a million Jews get to Israel through the 1990s. Since this mass exodus, the agency’s role there has been to maintain Jewish communal life for the roughly 150,000 Jews who remained, as well as supporting any who want to emigrate to Israel. This it has done, largely without incident. Putin’s move has to be seen as an act of aggression, intended to make it harder for Jews to leave.

onthebwagon to the lunatic asylum...........

Crucially, there are currently no sanctions on Russian nickel, which is still available under a London Metal Exchange (LME) warrant. The LME is anxious to avoid a repeat of events that took place in March after the initial sanctions were announced against Russia, where the price of nickel skyrocketed to above $100,000 a tonne in ‘disorderly trade’, before the LME suspended trading for more than a week.

Meanwhile, the squeeze against the heads of Russia’s metals companies is slowly being ramped up. At the end of June, the UK slapped sanctions on Potanin as part of its ongoing package of measures against Russia for its invasion of the Ukraine. The UK move shows that not even the richest metals oligarchs are immune from censure.

Potanin has an estimated net worth of $15.7bn and faces an asset freeze, travel ban, transport sanctions and a block on technical advice as a result of the UK sanctions. A senior Norilsk executive said its lawyers were studying the impact of “personal sanctions on our president and major shareholder”, but the West is unlikely to want to repeat the errors it made in 2018 when the LME banned aluminium produced by Rusal.

The ban followed similar sanctions imposed by the US and created major disruptions for firms in the transport, construction and packaging industries. It also resulted in a jump in aluminium prices of up to 30% in a matter of just a few days after the sanctions were imposed. Less than a year later, the US was forced to backtrack and lift the sanctions.

A similar move against Norilsk Nickel would also backfire by multiplying the pain across nickel, copper, palladium and platinum, which are all metals key to the transition to a lower-carbon economy.

A delicate balance
As a supplier of strategic metals to the world Russia is in a relatively strong position to withstand any sanctions that the West may impose that specifically target Russian metal companies. While the West may agonise over whether or not to impose sanctions on Russian metals the producing companies are manoeuvring to stay one step ahead through targeted mergers and acquisitions. This, they hope, will be able to ‘buy’ them a certain amount of resilience.

But it is increasingly clear there will always be a market for Russian metals whatever the shareholding profile of Russia’s metals producing companies eventually looks like. Buyers in Europe remain plentiful, particularly from the larger producers like Norilsk Nickel, UMMC and Rusal, which tend to sell on annual or multi-annual deals to big industrial groups.

The trader Glencore has a deal to buy aluminium from Rusal until at least 2024. The Trafigura Group also has a long-standing relationship with Norilsk Nickel. However, as is the case with Russian oil and gas, Moscow knows that even if Russian metal is locked out of Europe there are always willing buyers elsewhere in the expanding Asian markets.

MikeC007 fair enough but "insinuated?" by end of year. I think not. They are working to a sale for sure we all know that. So we will agree to disagree GL

well I was there, albeit virtually, only I think 81 were........and don't remember that being said. Someone asked if DD buyer was still at the table right at the end and there was a simple "yes" answer from Christian. anyway see what Interims bring.GL all genuine holders

Shares_to_buy, I don't remember that being said although it could have been said to somebody casually in the aftermath milling around? I very much doubt they would have put a timeline like that on it though. I am sure they are working very hard to get it through as soon as they can GL