Has anyone heard anything about this firm regarding newsflow?

18 November 2016
  
Issue of Equity
 
Further to the announcement of 1 August 2016, the Company confirms that it has drawn down a further £200,000 under its loan arrangement with Sanderson Capital Partners Limited ("Sanderson"), and accordingly has today issued 4,800,000 ordinary shares in the Company at a price of £0.00625 to Sanderson in satisfaction of the drawdown fee of £30,000 connected to the loan, described in that announcement. The total amount drawn down under this current loan arrangement with Sanderson is now £500,000.
 
Accordingly the Company has today issued a total of 4,800,000 Ordinary Shares (the "New Shares"). Application will be made for the New Shares to be admitted to trading on AIM and dealings in these shares are expected to commence on the 23 November 2016.
 
Following the issue of the new shares the total number of issued ordinary shares in the Company will then be 1,463,792,059 ordinary shares and consequently the total number of voting rights in the Company will be 1,463,792,059. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in the share capital of the Company under the Disclosure and Transparency Rules.

http://www.moneyam.com/action/news/showArticle?id=5451576

21 November 2016 
Eurasia Mining plc (AIM: EUA)

Potential Agreement

The Company is pleased to announce that its 80% subsidiary company, Terskaya Gornaya Kompaniya ('TGK'), has granted exclusivity to Lemuria Royalties Inc. ('Lemuria') of Canada to conduct a due diligence on its Monchetundra PGM project until January 15, 2017. The purpose of the due diligence is to consider the potential financing of some of the project by Lemuria using a royalty structure.

As announced on 3 November 2016, Eurasia entered into talks with an international engineering company to manage the mining operation at the Monchetundra project, and to work for the company as the owner's representative throughout the design and build phase of the Sinosteel EPC agreement and thereafter during the operation of the mine. The directors believe a financing structure with Lemuria would put Eurasia in a safer position and would be a natural hedge for the project risks, although at this stage there can be no guarantee that any transaction will proceed.

The EPC contract was more specifically described in the announcement of 10 October 2016. This contract is on a turn-key basis, with financing and delivery of first production guaranteed. While a loan of 85% of the estimated project cost is covered by a Sinosteel loan facility that will sit on Sinosteel's balance sheet until the project is up and running, a balance of US$26 million is required for completion of the project.

Due diligence work is commencing immediately and both Eurasia and TGK staff will assist Lemuria in their assessment of the project. Further updates will be provided in due course.

Christian Schaffalitzky, Managing Director commented: "We are excited by this opportunity to further reduce the risk on the development of the Monchetundra project. The royalty structure works by providing capital upfront to advance the development and is repaid from the mine revenue streams. This is another option being considered in seeking the best way forward for Eurasia."

http://www.moneyam.com/action/news/showArticle?id=5452103

Eurasia Mining looking to further de-risk Monchetundra development
10:33 21 Nov 2016

The latter has been granted exclusive due diligence at the site until January 15 next year..



Russia-based Eurasia Mining plc (LON:EUA) will potentially have Lemuria Royalties Inc on board to provide finance at its Monchetundra platinum project.

The latter has been granted exclusive due diligence at the site until January 15 next year..

Eurasia says the idea is Lemuria will potentially fund some of the project through royalty streams.

In October, Eurasia unveiled a huge development deal with Chinese giant Sinosteel, which will build both the mine and processing plant through a contract worth US$176mln.

A loan facility from Sinosteel covers 85% of that project cost, which will sit on Sinosteel's balance sheet until the project is up and running, but a balance of balance of US$26 million is required to complete the project, Eurasia said.

Christian Schaffalitzky, Eurasia's managing director, said today: "We are excited by this opportunity to further reduce the risk on the development of the Monchetundra project.

"The royalty structure works by providing capital upfront to advance the development and is repaid from the mine revenue streams. This is another option being considered in seeking the best way forward for Eurasia."

Giles Gwinnett

Nice bit of news, onward and upward as they say.

You would think onward and upwards. Not to sure why its not?? Fully invested in this now for the long term

ff

More news here could come at any time, STP and this seasons production figures when this goes it will fly..

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Eurasia Mining Plc

Eurasia Mining PLC is a mining and mineral exploration company focused on platinum, PGM and gold projects in Russia.

The company continues to advance two key licences at West Kytlim in the Central Urals, and Monchetundra on the Kola Peninsula, and retains an option over the Semenovsky gold tailings project in the Southern Urals.

Eurasia made the transition from explorer to miner at the West Kytlim platinum and gold mine in August this year, and plans capital expansion in 2017. The company’s strategy is to focus on near term cash generative projects such as alluvial mining and tailings reprocessing, while leveraging 20 years of Russian experience to bring larger projects to market. The Monchetundra Project was bolstered by a $176m EPC contract in early October, while metallurgical testing at Semenovsky is now in its final stages.
With mining continuing at West Kytlim and a pipeline of quality projects established, Eurasia is poised for growth through 2017.

Stand: D28

http://london.minesandmoney.com/exhibitor/eurasia-mining-plc/

Work at West Nittis on $EUA Monchetundra PGM license today. Dawn at 11, sunset 2pm. -20 but stable and actually quite pleasant ! pic.twitter.com/Csr2zBMK5c
4:07 AM - 29 Nov 2016

  


https://mobile.twitter.com/eurasiamining

Looks like winter is setting in, should get news soon on production so far before the freeze, also news on other projects awaits.
Fully loaded here..

Not a bad day for EUA!

2017 could be a great year for this one!!

Yes starting to motor, a long way to go yet.

Nice start.

EUA being rerated here no top end could go any where.

It would be nice to break through and hold above 1p today

ff
1p is on the cards for the end of day IMO

Two sells reported 3.5 m are buys not sells if you check the times.

MiningMaven 7 Year Anniversary 'Elevator Pitches' from 9 AIM/ASX Mining + Exploration Companies including EUA

https://www.youtube.com/watch?v=Ip0BD3Fp_fM&feature=youtu.be

21 December 2016 

Loan Agreement and Issue of Equity

Eurasia is pleased to announce that it has entered into a new funding facility with a syndicate led by Sanderson Capital Partners Limited ("Sanderson"), of up £1 million (this includes the £500,000 drawn down under the previous loan arrangement with Sanderson, announced on 1 August 2016). . The directors believe this loan will provide the Company with sufficient working capital for the immediate future, with cashflow generation from West Kytlim due to begin in April when production commences.
 
The facility comprises the following;
-     A £500,000 unsecured, interest free, fixed term loan due for repayment no later than 15 May 2017
-     The loan can be drawn down in two tranches of £150,000 tranches no less than 30 days apart and two tranches of £100,000, with tranches two, three and four subject to successfully achieving certain specified project deliverables;
-     The option for Sanderson to include the £500,000 drawn down from the previous arrangement with Eurasia (announced on 1 August 2016) into this facility (taking the total to £1m).
-     A fee payable in 30,769,231 ordinary shares in the company shall be issued as soon as is practicable to Sanderson as an arrangement fee on signing.
-     In addition, a drawdown fee of 15% will be paid by Eurasia to Sanderson for each drawdown, and a further 15% fee will be paid if Sanderson elects to include the previous £500,000 into the facility.
 
Issue of Equity
Following the execution of the Agreement, the Company has today issued new shares in lieu of both the arrangement fee and initial drawdown fee. The total number of shares issued amounts to 33,581,731 ordinary shares ("New Shares") (30,769,231 in respect of the arrangement fee, and a further 2,812,500 calculated as 15% of £150,000 at a share price of £0.008).

Admission is expected to become effective on 29 December 2016 and the New Shares will rank pari passu in all respects with the Company's existing Ordinary Shares in issues. 

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following the allotment of the New Shares consists of 1,497,373,790 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Eurasia under the DTRs.

 Christian Schaffalitzky, Managing Director said: "We are pleased to have arranged our financing with Sanderson, essential in maintaining liquidity in the business without diluting our shareholders, while allowing us to further our projects in Russia through Q1 2017, as we anticipate the cash flow from our West Kytlim project. We expect to provide a further strategic project update before close of business for 2017.

http://www.moneyam.com/action/news/showArticle?id=5469314

22 December 2016 
Eurasia Mining plc (AIM: EUA) 

Projects Update and Semenovsky Metallurgical Study Results.
 
Update on West Kytlim and Monchetundra Projects

West Kytlim
Eurasia commenced mining operations at its 75% owned West Kytlim Alluvial Platinum Mine in the Ural Mountains this year (See RNS dated 1 September 2016). Shipments of raw platinum concentrate to a refinery in Ekaterinburg continued through the mining season with a final shipment in the second week of December.

A final statement on revenue from Platinum, Gold, Palladium, Iridium and Rhodium revenues is expected from the refinery in January 2017. The project is performing well, while the deferred payment basis from the refinery (which is a high credit rating company) required the use of a debt facility from Sanderson Capital Partners (See RNS dated 21 December 2016), partly as a temporary interim financing.

Monchetundra
A Feasibility Study "TEO" (Technico Economicheskiye Obosnovaniye or Technical and Economic Feasibility) was officially submitted today (22 December 2016) for approvals at the State Commission on Mineral Reserves ("GKZ"). This document, considered equivalent to a 'Western' feasibility study, documents the economic extraction of the reserves already identified at two open pit targets on Eurasia's 80% owned Monchetundra License.

The reserves, when approved, will represent the maiden reserves defined for the license.  In addition, an Engineering Procurement and Construction (See RNS dated 10 October 2016) contract ("EPC Contract") is already in place with Sinosteel, a Chinese state owned group operating primarily in mining, trading, equipment manufacturing and engineering. The signed EPC Contract has an obligation for Sinosteel to provide $150m financing, subject to certain conditions, with production to commence on a turn-key basis by Sinosteel.

Further updates on both the West Kytlim and Monchetundra Projects will be provided as and when information becomes available.

****Link below for more info on****:

Semenovsky Tailings ("STP") Metallurgical Study Update

Background to the Semenovsky project and metallurgy

Metallurgical study

Highlights of the Metallurgical study


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