It is quite extraordinary that @Rockfireplc#ROCK remains so lowly valued. In August I went via Molaoi town and took a look. Significant town with industrialisation, power, water, roads, infrastructure and people. It’s perfect for a major development. The 100% owned Molaoi project is critical to Europe’s mineral security. Yet, for now, attracts only a modest market value. Therefore imo perfect for serious investors. #silver #germanium
@hinds_stuart Let’s be real… the market is waiting on Havieron. FS and production. I don’t see any meaningful rise here until FS is complete and we get the green light
Surely if this happens people look to extract their cash. Banks don’t hold enough cash to pay pays stone out. Then we see a collapse of the financial system?
Vietnam just deactivated 86 million bank accounts overnight. No warning, no grace period. Individuals who failed to submit biometric data were immediately denied access. This is not speculation. This is applied state-level biometric enforcement.
Don’t assume this is “too extreme to happen here.” With the rollout of REAL ID and advanced surveillance technologies, including systems linked to Palantir contracts under the Trump administration, the same methodology is entirely feasible in the United States.
Follow @andrewkaufmanmd for more
#GGP have gone from zero to $575m in the bank in just 7 months, produced over 180koz Au equivalent ounces. Own 100% of Havieron. Have 10.1moz Au equivalent (SO FAR), discovered west dome deeps and more than enough land
Market over reaction & manipulation imo
#Bamps#Paddygall
Disgraceful statement from former Labour political advisor John McTernan:
“We can do to the farmers what Thatcher did to the miners. It’s an industry we could do without. We don’t need small farmers.”
#EUA@eurasiamining
Notes recorded thanks to Alex on the telegram group.
- Webinar conducted by EUA Investor 620 attendees.
- Over 300 questions submitted.
Asset Sales
- Current status of asset sales.
- Process ongoing with several parties reviewing data.
- Previous discussions were close to conclusion but did not result in a formal term sheet.
- Interest in assets and timeline for deals.
- Unable to predict when a formal term sheet will be completed.
- Need to maintain ground standing and meet costs of parent PLC.
- Credible buyer linked to Russian management buyout.
- Maintaining dialogue with a large strategic investor since September 2021.
- Preferred route to conclude asset sales.
- Binding agreement leads to a general meeting for shareholder vote.
- Impact of recent political orders on business.
- Exploring legal alternatives for structuring a sale.
Operations
- Plans for mining if buyers are not found.
- Licenses in good standing; joint development of NKT project and Montsatundra proposed.
- Decision to take a trade loan despite stockpile availability.
- Statutory approvals required to get funds to the UK.
- Efforts to minimize costs and prioritize asset sales.
- Company’s financial flexibility and working capital needs.
- Working capital can be sourced from concentrate stockpile sales.
- Cost-cutting measures in place for PLC.
Governance and Management
- Active NDAs for confidentiality.
- Non-disclosure agreements with parties interested in projects.
- Connection with SR.
- Artyom, a director, works with SR.
- Reappointment of Tamalan Abdiqiev.
- Increased workload post-CEO departure and significant contributions to banking and sale processes.
Financial Overview (10:00 - 19:58)
- June 23: 3.5 million sterling.
- December 23: 2 million.
- Current: 5 million.
Loan Information
- $1.3 million loan secured by Russian subsidiaries.
- Loan is a normal working capital loan for Kuzminski Cannon at West Kiplum.
- Based on managing cash flow and seasonal production.
Mining Interests
- Interest in mining MT.
- Main asset alongside NKT project.
- Significant interest from potential buyers.
Dual Listing Plans
- Aiming to complete the listing on AIX.
- Short-term goal, requires local counterparties' cooperation.
- LSE listing will be maintained alongside Kazakhstan listing.
Share Price and Valuation
- Previous share price of 42p impacted by geopolitical crisis.
- Current share price deemed less than asset value.
- Fair value assessment for potential buyers.
- Binding offers will be presented with board recommendations.
Communication and Strategy
- Company communication has been a sore point with shareholders.
- Legal advice limited engagement during the crisis.
- Strategy focused on efficient sale of assets.
- Aim to retain or improve asset value.
Management Confidence
- Board members have pledged shares and deferred compensation.
- Confidence in the company's future and asset value.
- Key milestones expected in the next 3-6 months.
- Improving listing and liquidity of shares.
Management Buyout (MBO) Considerations
- MBO is one of several options being considered.
- Outright sale or partial sale also on the table.
- Concerns about management buying at low prices.
- Maximizing shareholder value remains a priority.
Sinus Steel Contract
- Sinus Steel contract remains active.
- Can be activated by the company or any third-party operator.
Sinus Steel Contract (20:03 - 25:40)
- Includes financial facilities and EPC contract.
Eurasia Mining Version 2.0
- Version 2.0 is currently on the back burner.
- Key strategy is selling assets.
- Proceeds from sales expected to fund special dividend of at least 8% for shareholders.
- Discussion on Version 2.0 will occur post-finalization of Version 1
1 in 7 adults is a millionaire in Switzerland.
That's 5x higher than the US.
I had to find out their wealth-building habits.
7 ways the Swiss think about money to become richer than you:
"UK children 1 through 14 appear to be dying at an excess death rate of 22%."
Excess death rates in the elderly are hidden in part by expected deaths. Not so amongst the young. Especially children. Shame on the legacy media for ignoring this. Shame on them.
Twenty two percent above base line. Children. Twenty two percent above base line. Children. Twenty two percent above base line. Children.
I don't really know what else to say.
Fiona Bruce, "Your former chief of naval staff says National Service is bonkers"
Rishi Sunak, "It wouldn't be to politicise the armed forces"
Fiona Bruce, "How will you make people do it?"
Rishi Sunak, "Sanctions and incentives"
Fiona Bruce, "Like what?"
Rishi Sunak, "Driving licenses, access to finance|
Fiona Bruce, "Access to finance? So people who don't want to do national service, you're going to take their bank cards away?"
Rishi Sunak, "There are lots of different models around Europe" #BBCQT