Member Info for Wilco_Roger

Okfornow,

If you think this war has any chance of ending in the "next few weeks" you are, I'm afraid, deluded.

The war in Iran continues, the war in Ukraine won't have the attention from DT, Russia will take more of Ukraine who will likely have no choice but to cede territory. Even the West have stated that Putin can continue for another three years, the EU can probably fund Ukraine for the next 12 months tops whilst putting us further and further into poverty.

Yeah, lets all have a scrap...grow up pal.

I asked AI if the Oak reports 20p was taking into account the sanctions/exit taxes.

It has said, based on the wording in the report, it seems as though the 20p is based on the CURRENT geopolitical situation. What's it worth once the war is over??

Come on blunder, where's you link?

It's all well and good calling people out but you have to have the minerals to back it up.

Asked Chatgpt what ROSGEO could be worth based on what we know, four of the nine mines have had work done to find out whats there. As expected a lot relies on easing of sanctions which we all know, I am very confident the day that sanctions/exit taxes get removed is not too far away.

What we also know

ACF Equity Research excluded Rosgeo entirely from its DCF valuation, despite noting that a peer-multiples approach implied a resource value of more than US$10 billion, subject to JORC conversion and other assumptions.

That tells us two things:

Rosgeo clearly has the potential to be worth a very large amount.

There is too much uncertainty to simply add that theoretical value to the company today.

My estimate of a realistic sale value

If sanctions eased sufficiently for the JV to proceed and a strategic buyer acquired the Arctic assets, I would value Rosgeo something like this:

Scenario

Rosgeo contribution

Conservative

10–15p/share

Base case

20–30p/share

Strong outcome

30–40p/share

Exceptional

40–60p+/share

Why I think 20–30p is the most realistic range

The positives are substantial:

Four deposits already have feasibility studies and approved reserves.

Existing engineering work reduces development risk.

The deposits are adjacent to Monchetundra, creating infrastructure synergies.

EUA would control 75% of the JV.

The district contains over 100 Moz PtEq, making it globally significant. �

Investegate +1

However, a buyer would still discount for:

Russian-code resources versus JORC resources.

Development capital still required.

Remaining technical work on some deposits.

Political and jurisdictional risk (even after sanctions ease).

My overall view today

If I were valuing EUA for a strategic sale after meaningful sanctions easing, my own framework would be:

Asset

Realistic sale value

NKT

20–25p

MT

10–15p

Nyud

2–4p

Rosgeo

20–30p

Total: 52–74p/share.

If Rosgeo proved easier to monetise than expected and buyers competed for the assets, I could see the Rosgeo contribution moving towards 35–40p/share, pushing total value into the 70–90p/share range.

Given what is publicly known today, I think 20–30p per share is the most defensible estimate for Rosgeo's contribution to a successful transaction, with meaningful upside if the remaining five assets are advanced further or if a strategic buyer places a premium on creating a district-scale mining operation.

Right back at you Make-a-blunder.

Not sure how many times admin are going to let Stretch get away with setting up new accounts just to come here and throw abuse at others, I am yet to see it provide any kind of useful or informative post.

I have reported, filtered and will do the same every time.

Speaking of which, were is this document that was due well over 200 days ago

Might be wrong but didnt the vote for CS last year ckear him for more than 12 months? Pretty sure that was the case as I recall thinking it was risky voting him in for that length of time based on his past performance.

Looks like all relies on an end to the Ukraine war as expected.

Good news is we have funds to tread water for a while and WK could pulled from the sale if things change on the geopolitical side of things.

Woodlaker,

It's too early for stupid questions, of course they will be late. At this point with EUA I'd be worried if they were on time to be honest.

Makeabundle

Today 12:27

Posts: 2,588

Price: 2.50

CS pledged his own home in England as a guarantee some years ago. Some here will remember that.

I don't remember that, where does it state that?

@del929

I fully agree, he is terrible.

I warned people back at the AGM and still people voted him in, he has achieved nothing meaningful for years.

The offer, I don't buy it.

Will this sell??? Absolutely when the war ends so long as Christian has the ability to get it over the line and that, to me is more of a risk than the war/sanctions.

Currently, he needs to get this sale of WK over the line by the end of this year or we could be fooked.

I remain invested as I am under water but beleive in the assets, with the right conditions and the right CEO in place this should see a decent return.

Holmdene,

Really 🤣

Garyfromleeds

Member since Dec 2019

Posts: 2,043

Price: 2.50

RE: Accounts due, what's the cash situation?Today 12:25

From what ive read Eua should have sold for 1.2 billion on the 24th feb 2022, that was the final signing document day , that's also the very same day Russia invaded Ukraine , constraints and cross border banking restrictions put a stop to the deal for now anyway !

Where did you read that? Interesting.

And at the same time the UK wants to drag us in to WW3 buy giving Ukriane long range, high payload missiles.

The enemy is within I'm afraid, the West want war and have done for years.

Holmdene,

Exactly why the useless BOD need to clarify what they are doing to meet these targets otherwise, losing MT makes us pretty worthless

Holmdene,

I was referring to to your statement from the Oak Report... "If we don't start mining in 2026 it's lost".

The company have never stated this, Oak have simply claimed this is the case. The company need to confirm this and if so where we are with getting the necessary done to ensure compliance with the licence requirements. It's very important and shows complete disrespect and disconnect with shareholders by not confirming.

By the sounds of your post, from the Oak report EUA need to sell WK to raise funds to initiate the Sino contract, the sale of WK has been delayed due to the legal queries regarding the amount WK sold for. Once again, another F-up and oversight by the wonderful Christian

Raiffeisenbank hasn't been mentioned either.

Are you confused with a different company or for some reason have an agenda 🤔

Holmdene,

Where did you find this paragraph in the Oak Capital note as I could not see anything of the kind.