Member Info for velcrofajita

To reward existing shareholders that may not wish to move over to EUA2

Dividend policy adoption can only mean one thing, the BoD expect to pay out a dividend! Furthermore we now know that 80% of all net profit will be paid out as dividend, while 20% will be retained.

80% is for sure exceptional and for any company with intentions to grow the business, I would not expect more than 50% payout. This is telling me that we are dealing with an exceptional situation such as large scale sale of assets and pay out to existing shareholders.

20% to be retained and that for me is the first equity for EUA2. Then expecting Moscow listing, capital raising and then also subsidised loan funding for Hydrogen and PGM / Nickel export business to the likes of Japan. The Rosgeo JV assets will be part of this.

Remaining question - what exactly is being sold, for how much and what will the net profit be?

Happy that the market does not see this. Allows me to slowly build up my holding at prices below the last institutional placing.

Purchased another 20,000 shares this morning so now holding 250,000

To be honest, hoping sp does not move up too quickly as I want to get to 300,000 shares

https://www.mining.com/ev-battery-costs-set-to-rise-in-2022/

NKT has both Nickel and Cobalt. I suspect Nyud and other Rosgeo JV deposits have both too.

EUA in the right place at the right time

https://marketresearchtelecast.com/tiny-palladium-particles-facilitate-hydrogen-storage/237382/

Palladium particles used as a store for Hydrogen gas. Technology still in R&D phase but if this comes to market then Palladium will be even more valuable in a Hydrogen fuelled world.

Caw, many variables here. What would one sell, what would one keep?

One of the things I would be considering if in the decision making position at EUA is to sell 50% of MT-NKT or all of it. Price is the deciding factor. What is difficult to assess is if NKT is in the offer received, since back in May there was no final JORC resource definition and still to date PGM and Open pit has not gone in. Possibly they got a framework agreement in place with pricing dependant on resource definition?

Another possibility is that EUA sell out 50% (for example) into a new JV company that will then be listed on the Moscow Exchange and will have both the mining operations (PGM - Nickel - Copper) and the Hydrogen business. Moscow listing could be used to raise equity from the Russian market as part of the wider funding package that would include debt (part subsidised) as well as offtake arrangements

Caw, definitely a possibility that NN could be involved and yes packaging that as a new subsidiary or JV company with ECG credentials / no previous poor track record would be a good way to have them included.

NN would have to pay up to get in, rather than having resources allocated at bottom of the range valuations as I expect will be the case with EUA purchase of Rosgeo assets

They are doing allot to promote manufacturing and the depreciating Ruble has been very helpful in turning the country into an exporter into CIS / Central Asia, with timber products for example.

I am not an economist to detail advantages / disadvantages of switching to service based economy so I will let somebody else here possibly more experienced in this area to comment. I will keep to what I know and look at resources and manufacturing / export in Russia

Carl, I have been thinking allot about that, indeed why not just let NN take everything. They have the know how, show how and financial metal.

My take on it is that the Russians want to show that they are not creating another resource monopoly by giving everything to NN which is anyhow linked to Rusal which was hit by US sanctions back in 2018. By allowing EUA to take a share of the green energy market there is some idea of free market competition. Furthermore in addition to a listing on the Moscow Exchange to tap into Russian equity financing, the AIM listing and a future potential move to the main market would allow funding for thee key Russian resource projects to be sourced from the West.

Aah yes a list of failed investments, but you know I can similarly post another list of huge success stories, but will limit myself to one that I am in. AVZ Minerals, avg cost I have A$0.21, current so A$0.775 and market cap in excess of A$2bn. They are potentially on of the largest Lithium miners and operating in the DRC. No mining licences yet but institutions desperate to get their hands on the shares, all as a result of the EV boom

EUA is in the same Green Energy / EV space but with PGM, Nickel, Cobalt and Hydrogen rather than Lithium

I am happy with the odds that this will be a success rather than a failure

We should understand how essential hydrogen / battery metals industry is for Russia.

Today the Russian economy is still too reliant on Oil & Gas which will slowly decline as a proportion of global energy needs. They will be desperate to diversify into hydrogen and EV metals in order to fill the gap from reducing reliance of fossil fuels.

I see that it is this essential need in Russia that has allowed the transformation of EUA. Otherwise I would have expected NN to take everything that was the slightest interesting. EUA have support of the authorities and will likely get export grants and subsidised interest rates on debt financing, under schemes that are already in place and extended through Russian lenders.

In addition to Hydrogen I expect that EUA will also sign some key agreements within the EV battery manufacturing chain and for this the Nickel and Cobalt resources at NKT and most likely Rosgeo resources will be utilised.

The potential is mouthwatering.

Happy New Year to all

For me the only choice on EUA is to accumulate and add as much as I can to the shares I hold. There are not many other shares on AIM /TSX or ASX that can offer what EUA does;

1. Producing and ramping up, low cost mining operation at WK
2. Word class PGM operation at MT with mining plan in hand and plenty exploration upside
3. Tier 1 Nickel resource at NKT, with PGM resource and open pit part still to come on top of estimated NPV range
4. Rosgeo JV resource
5. Hydrogen production and downstream use of PGM resources
6. Strong support from Russian authorities who are supporting development of EV / Hydrogen big time.
7. Russia has much lower energy costs that most other parts of the world, while the Kola Peninsula, Murmansk area etc is industrialised with all the necessary infrastructure. We are not dealing with a difficult to access resource somewhere in the Australian Outback or Africa
8. Decent £600 million market cap so raising of additional equity as needed works

Nothing in life is a sure thing, nor is there reward without risk, but with EUA there is an excellent risk-reward profile.

The more I hear people talking down EUA, the more motivated i am to pick up shares.

Allot of negative posts that company will never be sold and sp will sink
To be honest I dont care for a sale that will buy out existing shareholders for a low % of the total worth of the resource business, which we now understand includes Hydrogen

Over the long term the PGM, Nickel, Hydrogen business and partnership agreements could have a market cap well over £10 billion. Therefore if no sale now, happy to sit on these shares to give huge upside on here from business development rather than sale. Sale would be interesting if we are talking about getting minimum 5x current share price .

Stop Ramping !!!!

Ha ha ha, apologies, I could not resist the banter

Good to see the prices going up

We are now experiencing a green metals super cycle. lack of investment in metals such as Lithium, Nickel, Cobalt, PGM and rear earths is now creating the expected shortfall and super cycle.

In the long term things will balance out, supply will meet demand and prices will stabilise. Until then some super profits to be made with junior miners with good quality and low cost resources.

I forget the history with EUA, small explorer with lack of funds. Russia has a vested interest is seeing EUA succeed, funding will be made available for extraction of these resources. The vultures will not get this one.

New name for Eurasia mining in Japanese!

sumurai's are coming to get the shorters!

My thoughts here are that the preferred deal may be one where a new joint Venture / strategic partnership is formed with the Japanese and not an asset deal. This could well include the Japanese taking a controlling stake in EUA but leaving the Russian management to deal with what is a politically sensitive Russian resource business and a Moscow stock exchange listing.

Not sure this will do anything to the sp today but is another strong message that the Japanese will be part of a future deal / relationship with EUA.

My view is that EUA are working directly with the Russian administration to package EUA as a PGM / Battery metals partner for Japan/Asia. Probably the Russians want to establish another player other than NN and that would explain why NN as the strongest player did not do the deal with Rosgeo, which would have been the easiest.

Bought another 40,000 shares this morning