Eurasia Mining Share Discussion Threads

[book5] 26/3/2019 13:18

Very low volume
It seems Only the few believers (pi) buy here

[dr darkstar] 26/3/2019 13:17

I agree with that analysis and always have ...

[sclper] 26/3/2019 13:08

The subcontract for $50m is for early stage work. This allows for a decent profit margin on the work carried out. The profit will then be ploughed back into financing of the mine which will be EUA's 15% contribution.

[sclper] 26/3/2019 13:03

it sounds like Monchetundra is progressing well and with Sinosteel fully on board so I'm very happy with the update. Not long until WK production commences so exciting times for EUA shareholders.

[abrahe00] 26/3/2019 13:00

Nice bit of double counting there Ex! Paying our 15% from the $50m advance still leaves us 15% short!

Think about it. If it was that simple, why wouldn't Sinosteel fund the whole lot? Where is EUA's skin in teh game?

[excellance] 26/3/2019 12:59

I think a few automatic sell orders were tripped today, probably expecting no news until mid April, but MT news is before Q2 even starts...

I expect a strong close today.

Next up is WK update, expected before the mining season starts in a couple of weeks...could be in a couple of days?

[dr darkstar] 26/3/2019 12:55

From a charting view we've started the next leg up. A break of the rising wedge at around 0.8 p will indicate a rapid move to at least 1.2 for starters

[upthepool] 26/3/2019 12:50

ex

but zhockey says.........
and abrahe00 says........

[excellance] 26/3/2019 12:47

Correct. Risk is key here.

So what exactly are the risks to Eurasia right now?

We have to fund pre work for MT using cash from WK revenues, but, we will be reimbursed for that operating cost via the subcontract in the EPC which essentially gives us $50m.

At the end of the pre work phase which commenced tiday, we get our cash and pay our 15% equity contribution towards the $176m funding provided by Sinosteel financiers.

There is no risk for Eurasia. None. Zero threat to us!

Ffs how simple does it have to be?

[upthepool] 26/3/2019 12:19

I didn't know what an EPC contract was that has been signed with Sinosteel so....


Engineering, Procurement, and Construction Contracts or EPC Contracts are construction contracts that enjoy almost universal inclusion in project finance documents, They have emerged as the construction contract of choice in project financings that involve major international development projects. The increasing popularity of EPC Contracts is not due to the turnkey delivery method, which is the reason most often cited, although turnkey delivery is an appealing feature in EPC Contracts.

While much of the discussion focuses on the turnkey delivery of completed construction projects, attributing their unparalleled acceptance to turnkey delivery is a simplistic view of EPC Contracts and, more broadly, project finance documentation. The biggest reason for their overwhelming acceptance is the transfer, to the extent contractually possible, of all of the design, engineering, and construction risk from the project company who owns the project, to the EPC contractor that builds it.

An EPC Contract is a risk mitigation and management tool in the form of a project document. In fact, EPC Contracts were specifically conceived to transfer risk to the contractor. They make the contractor responsible for all project activities from the design phase all the way through the construction phase. Specifically, they make the contractor responsible for all design, engineering, procurement, construction, commissioning and handover activities of the project, leaving the owner with no responsibilities save for turning the key at project delivery.

Another reason for the widespread use and acceptance of EPC Contracts is that they are strongly preferred by project finance lenders. Project lenders are much more comfortable providing project financing when construction contracts have fixed prices and required dates for completion. Less risk to the lender means the likelihood of your project finance loan being approved increases substantially.

[abrahe00] 26/3/2019 12:18

Ex, I think it's extremely reasonable to want to know how EUA plan to fund the shortfall as it has huge implications on the share price

"Probably" and "maybe" are not good enough at this stage. Instead of wasting time posting nonsense (or potentially price sensitive info, depending on your viewpoint) on Tweeter, they should concentrate on producing comprehensive announcements. Not just repeating old news.

[book5] 26/3/2019 12:12

Point: we are going to bring MT into production one year ahead of the assumption in the Optiva Securities report
Ie the report needs updating , and this will result in a higher valuation

[excellance] 26/3/2019 12:12

We'll just send an invoice.

We have our own finance to operate with, we will be reimbursed probably in stages, maybe monthly.

It isn't reasonable to demand every detail. Have a little faith in CS.

[abrahe00] 26/3/2019 12:12

RussianGuru was right about the spike up. I had hoped it would last longer than just half an hour though!

We would do well to stay blue before cop.

[zhockey] 26/3/2019 12:09

Would be nice to have some transparency in terms of all pre-reqs to secure financing, how that work will be funded and indicative timelines.

[excellance] 26/3/2019 12:06

What's not to like?

We have agreement, partner, finance and EPC in progress!

We will be paid.

MT is progressing.

Happy happy happy

[book5] 26/3/2019 12:02

I read the rns
And I love it

[bmnsa] 26/3/2019 12:00

letmepass
26 Mar '19 - 11:36 - 19294 of 19307
0 0 0
Nope expect a drop back down. Another couple of months to wait

'Oh'

[zhockey] 26/3/2019 11:57

How are they going to fund this pre-finance work?

[abrahe00] 26/3/2019 11:56

But it still isn't clear where our 15% contribution is going to come from? Will Sinosteel wait and we pay it from the $50m?

I think they need to make this very clear.

[book5] 26/3/2019 11:53

Lew-stules 21st of March is the closest dat to today, so he wins the coconut

Aidenabettin, who is behaving lately, got second place

[excellance] 26/3/2019 11:50

There is a subcontract for site prep before the main epc contract can progress.

Eurasia deal with that with the chosen partner, and at the end we get $50m!

[tomboyb] 26/3/2019 11:46

That is a little confusing -

"with an associated mine finance package" -