Eurasia Mining Share Discussion Threads

[demonboy] 30/10/2019 11:45

Partnership would be wiser. Alrosa in mind anyone.

[charles clore] 30/10/2019 11:44

Warrant info -

[stoneme] 30/10/2019 11:43

72bn assets...

[demonboy] 30/10/2019 11:40

No more placings. Good news.

[demonboy] 30/10/2019 11:40

Fully funded after that issue.

[bidmsa] 30/10/2019 11:35

what price are the warrant issued at?

[bean02] 30/10/2019 11:32

All moving averages cleared, rsi above 50 and rising. Top bollinger break. All on the 4 min. :)

[bean02] 30/10/2019 11:28

Macd positive etc etc

[jovi1] 30/10/2019 11:26

My original impression was the the banks had already a customer and they contact EUA more than the other way

[jungmana] 30/10/2019 11:22

The Banks have agreed to work on a success fee basis, so that their motivation is directly linked to a successful completion of an alternative asset transaction superior to those outlined in the announcement of 15 September 2019. The interest from the Banks is originating from the recent palladium acquisitions namely Stillwater for c. US$2bn by Sibanye in 2017 and NAP for approximately CAD$1bn by Impala Platinum earlier this month. The title of the slides for investors prepared by VTB Capital is as follows: "The Last Non Consolidated Palladium Play".

[jungmana] 30/10/2019 11:21

I agree with First equity. This should be 10p before a sale hopefully about 15p to 20p.The two biggest banks in Russia and China are at work and get paid on sale. So they have an interest in getting good price and know the value here.

[driver101] 30/10/2019 11:18

First Equity Limited Retweeted.

EUA's share price is looking very undervalued with resources of 15m Oz"s and an upside to 40m at $1800 an Oz.


#EUA #Palladium
𝙋𝙖𝙡𝙡0406;𝙙Ҵ14;𝙪𝙢; - 𝙉𝙤𝙬 𝙋𝙧𝙞𝙘0414;𝙚Ҵ23; 𝙏𝙝𝙖𝙣 𝙂𝙤𝙡𝙙
▫️Gold may be the best known but it's now in the rearview mirror of a lesser-known metal: palladium
▫️Now at $1,800 oz, a threshold it recently cracked for the first time

[thebradski007] 30/10/2019 11:16

Just think today is a lot of people de risking a bit which is understandable. Soon as there's a sniff of positive news (maybe in forthcoming interview) i believe it will shoot up again.....still.....it's a blue day so hey all's good!

[1liam] 30/10/2019 11:13

Ekuuleus. Thanks for the link. Much appreciated :)

[tidy 2] 30/10/2019 11:11

Out of auction 3v2

[babbler] 30/10/2019 11:11

I've heard it all now.

[charlesjames1] 30/10/2019 11:10

Er. No it’s not. Have a read on what a price monitoring extension is. A Speeding ticket says... we know of no reason for rise etc... not had one of those.

[jayrh] 30/10/2019 11:09

Here we go again

[jayrh] 30/10/2019 11:08

Theres the next speeding ticket.

[hope67] 30/10/2019 11:07

VOX: Alexei, could you please introduce yourself?
AC: Currently, I am a strategic advisor to the board of Eurasia and my main experience is coming from Goldman Sachs and Morgan Stanley, where I have been involved in a number of M&A deals selling Russian mining companies to investors from all over the world.
VOX: Why have you chosen CITIC and VTB to work with Eurasia?
AC: CITIC and VTB Capital are the largest investment banks in China and Russia, respectively, and they have the biggest investor reach, not only in China and Russia, but also in the rest of the world, when it comes to marketing Russian mining companies.
VOX: Who are Eurasia’s contacts with CITIC and VTB?
AC: In CITIC, we are sponsored on the very top level by the Chairman of CITIC Merchant, the investment and merchant banking arm of CITIC, as well as by his advisor, who used to be the CEO of Gazprombank, Asia Pacific. In VTB, we are supported by the top people as well, whom we worked on multiple transactions previously. Both banks are the best you can possibly get to market and sell Russian mining companies.
VOX: I know you cannot mention the names, but are you in talks with just one or several strategic investors now?
AC: It has been always my habit to talk to multiple strategic investors to make sure a good deal can be negotiated. This is one of the key lessons I learnt very well working for bulge bracket investment banks selling Russian companies.
VOX: At MT/Kola project you have upgraded your potential resources from 2moz to 15moz of palladium including the flanks. What does it mean for Eurasia?
AC: It means that our value potential has been upgraded to a completely different league of major palladium companies. And we believe that 15 million ounces of palladium is just the beginning. We are looking at several other licenses at Kola with over 40 million ounces of palladium in total. Having said that, already with up to 15 million ounces of palladium we are an extremely attractive to large strategic investors.



VOX: Yes. We have seen recent palladium acquisitions namely Stillwater for almost US$2 bn by Sibanye in 2017 and North American Palladium for approximately CAD$1 bn by Impala Platinum earlier this month. Are you benchmarking your valuation against these deals?

AC: Yes. And also you should not forget Kevitsa project sold for over 700 million US dollars in cash and Sukhanko project sold for a significant cash consideration and an additional 2% net smelter royalty over the life of a the entire project. And mind you, Sukhanko is far behind our MT/Kola in their development schedule. You can find more details on these projects in the Optiva’s research on Eurasia of last year. These two projects are just several hours drive from our MT/Kola mines.



VOX: Right. And how do you value your projects taking into account all these deals happening in the PGM space?

AC: We are benchmarking ourselves against these deals in the first instance. You can also refer to the same Optiva’s research on Eurasia, where on the basis of our feasibility study, the NPV was stated at over 240 million US dollars. And mind you, this research was done at the palladium price around 1,000 US dollars per ounce. Now the palladium price is over 1,700 US dollars per ounce. That’s big change for us because the whole price increase of 700 US dollars per ounce goes straight to our profits. Thus, the NPV goes up not by 70%, but much higher.



VOX: What would you say about the share price more than doubling yesterday from 0.48p to over 1p?

AC: This is just the beginning. Smart investors can benchmark our NPV and the recent deals in the PGM space to our enlarged resources of up to 15 million ounces of palladium.

[murph1969] 30/10/2019 11:04

No chance, Been in and staying in,

[charles clore] 30/10/2019 11:03

Yep, there we have the price monitoring extension. I'm off for a walk, see you later.